Income Taxes (Tables)

3 Months Ended

Feb. 29, 2020

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Provision) and Effective Tax Rate

The provision for income taxes and effective tax rate were as follows:

	Three Months Ended
	February 29,			February 28,
(Dollars in thousands)	2020			2019
Provision for income taxes		$32,329		79,700
Effective tax rate (1)	7.5		%	24.9	%

(1)

For both the three months ended February 29, 2020 and February 28, 2019, the effective tax rate included state income tax expense and non-deductible executive compensation, partially offset by solar tax credits. For the three months ended February 29, 2020, the effective tax rate also included a $69.2 million benefit due to Congress extending the new energy efficient home credit in December 2019.