Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

v3.24.3
Income Taxes
3 Months Ended
Aug. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes

Note J: Income Taxes

 

The Company’s effective income tax rate was 23.3% and 23.7% for the three months ended August 31, 2024 and August 31, 2023, respectively. Both periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments.