|3 Months Ended|
Aug. 31, 2017
|Income Taxes [Abstract]|
Note M: Income Taxes
The Company’s effective income tax rate was 34.4% and 33.0% for the three months ended August 31, 2017 and August 31, 2016, respectively. The effective income tax rates in both periods were impacted by the recognition of a net discrete tax benefit related to employee stock-based compensation payments. The net discrete tax benefit impacted the three months ended August 31, 2017 and August 31, 2016 by approximately $0.01 per diluted share and $0.04 per diluted share, respectively.
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.
Reference 1: http://www.xbrl.org/2003/role/presentationRef