Income Taxes

3 Months Ended

Nov. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Effective Income Tax Rate

The U.S. federal statutory income tax rate and the Company's effective income tax rate are as follows:

	Three months ended
	November 30, 2019		November 30, 2018
U.S. federal statutory income tax rate	21.0	%	21.0	%
Effective income tax rate	60.3	%	24.8	%

The effective income tax rate increased for the three months ended November 30, 2019, compared to the three months ended November 30, 2018, primarily due to: (i) $13.3 million of tax benefit for the three months ended November 30, 2018 related to the Tax Cuts and Jobs Act of 2017 (the “Tax Act”) adjustments and (ii) increased restructuring charges with minimal related tax benefit for the three months ended November 30, 2019.

The effective tax rate differed from the U.S. federal statutory rate of 21.0% during the three months ended November 30, 2019 and 2018 primarily due to: (i) losses in tax jurisdictions with existing valuation allowances; (ii) tax incentives granted to sites in Brazil, China, Malaysia, Singapore and Vietnam; and (iii) adjustments to amounts previously recorded for the Tax Act for the three months ended November 30, 2018.