Income Taxes (Tables)

12 Months Ended

Aug. 31, 2014

Components Of Provision For Income Taxes



	2014		2013		2012
Current:
Federal	$	16,580	$	16,741	$	17,851
State		3,490		2,688		3,892
		20,070		19,429		21,743

Deferred:
Federal		5,328		439		180
State		450		(270)		(46)
		5,778		169		134
Provision for income taxes	$	25,848	$	19,598	$	21,877

Provision For Income Taxes Computed By Applying The Statutory Federal Income Tax Rate


	2014		2013		2012
Amount computed by applying a tax rate of 35%	$	25,818	$	19,705	$	20,287
State income taxes (net of federal income tax benefit)		2,562		1,572		1,900
Employment related and other tax credits, net		(1,537)		(1,572)		(1,291)
Adjustment of prior year deferred tax items		-		-		1,559
Other		(995)		(107)		(578)
Provision for income taxes	$	25,848	$	19,598	$	21,877

Schedule Of Deferred Tax Assets And Liabilities


	2014		2013
Deferred tax assets:
Allowance for doubtful accounts and notes receivable	$	677	$	898
Leasing transactions		3,252		3,599
Deferred income		1,773		4,124
Accrued liabilities		3,399		1,995
Stock compensation		4,921		8,024
Other		688		676
State net operating losses		11,305		8,703
Total deferred tax assets		26,015		28,019
Valuation allowance		(11,305)		(8,703)
Total deferred tax assets after valuation allowance	$	14,710	$	19,316

Deferred tax liabilities:
Prepaid expenses	$	(1,498)	$	(1,369)
Investment in partnerships, including differences in capitalization,
depreciation and direct financing leases		(2,954)		(2,061)
Property, equipment and capital leases		(24,655)		(25,433)
Intangibles and other assets		(19,514)		(18,337)
Debt extinguishment		(3,353)		(4,191)
Total deferred tax liabilities		(51,974)		(51,391)
Net deferred tax liabilities	$	(37,264)	$	(32,075)

Net deferred tax assets and liabilities are classified as follows:
Current	$	347	$	2,840
Noncurrent		(37,611)		(34,915)
Total	$	(37,264)	$	(32,075)

Reconciliation Of Unrecognized Tax Benefits



	2014		2013
Balance at beginning of year	$	2,583	$	5,451
Additions based on tax positions related to the current year		255		628
Additions for tax positions of prior years		115		960
Reductions for tax positions of prior years		(492)		(3,816)
Reductions due to statute expiration		-		(640)
Balance at end of year	$	2,461	$	2,583

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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