Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

Income Taxes
3 Months Ended
Aug. 31, 2023
Income Tax Disclosure [Abstract]  
Income Taxes

Note J: Income Taxes


The Company’s effective income tax rate was 23.7% and 22.9% for the three months ended August 31, 2023 and 2022, respectively. Both periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments.