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Income Taxes

6 Months Ended

Feb. 28, 2015

4.Income Taxes

The following table presents the Company’s provision for income taxes and effective income tax rate for the periods below:


	Three months ended						Six months ended
	February 28,						February 28,
	2015			2014			2015			2014
Provision for income taxes	$	3,108		$	2,002		$	9,382		$	5,887
Effective income tax rate		28.9	%		32.8	%		34.6	%		32.3	%

The lower effective income tax rate during the second quarter of fiscal year 2015 was primarily attributable to legislation that was passed during the second quarter to retroactively reinstate and extend the Work Opportunity Tax Credit (“WOTC”). The higher effective income tax rate during the first six months of fiscal year 2015 was primarily attributable to the fiscal year 2014 effective rate being favorably impacted by a decrease in an unrecognized tax benefit resulting from the IRS’ acceptance of a federal tax method change that took place during the first quarter of fiscal year 2014.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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