Income Taxes (Tables)

12 Months Ended

Aug. 31, 2017

Components Of Provision For Income Taxes

The components of the provision for income taxes consist of the following for the years ended August 31:



	2017			2016		2015
Current:
Federal	$	30,352		$	20,137	$	14,597
State	3,921			3,791		3,576
	34,273			23,928		18,173

Deferred:
Federal	(2,378		)	4,372		10,592
State	(91		)	137		(1,528		)
	(2,469		)	4,509		9,064
Provision for income taxes	$	31,804		$	28,437	$	27,237

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

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate due to the following for the fiscal years ended August 31:



	2017			2016			2015
Amount computed by applying a tax rate of 35%	$	33,413		$	32,377		$	32,103
State income taxes (net of federal income tax benefit)	2,489			2,553			1,330
Employment related and other tax credits, net	(1,834		)	(2,324		)	(2,096		)
Change in uncertain tax positions	—			(3,027		)	—
Federal tax benefit of statutory tax deduction	(1,560		)	(1,279		)	(4,093		)
Other	(704		)	137			(7		)
Provision for income taxes	$	31,804		$	28,437		$	27,237

Schedule Of Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities consist of the following at August 31:



	2017			2016
Deferred tax assets:
Allowance for doubtful accounts and notes receivable	$	419		$	387
Leasing transactions	3,083			3,222
Deferred income	3,011			2,991
Accrued liabilities	4,339			6,187
Stock compensation	3,156			2,446
Other	929			757
State net operating losses	18,031			16,303
Total deferred tax assets	32,968			32,293
Valuation allowance	(16,254		)	(14,638		)
Total deferred tax assets after valuation allowance	$	16,714		$	17,655

Deferred tax liabilities:
Prepaid expenses	$	(956	)	$	(1,119	)
Investment in partnerships, including differences in capitalization,
depreciation and direct financing leases	(4,026		)	(4,125		)
Property, equipment and capital leases	(23,756		)	(31,565		)
Intangibles and other assets	(22,983		)	(21,628		)
Debt extinguishment	(838		)	(1,676		)
Direct financing lease	(4,256		)	(72		)
Total deferred tax liabilities	(56,815		)	(60,185		)
Net deferred tax liabilities (noncurrent)	$	(40,101	)	$	(42,530	)

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits is as follows for fiscal years ended August 31:



	2017		2016
Balance at beginning of year	$	625	$	3,652
Additions for tax positions of prior years	18		725
Reductions for tax positions of prior years	—		(2,838		)
Reductions due to settlement	—		(212		)
Reductions due to statute expiration	—		(702		)
Balance at end of year	$	643	$	625