Note 20 - Income Taxes |
6 Months Ended | ||
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May 31, 2026 | |||
| Notes to Financial Statements | |||
| Income Tax Disclosure [Text Block] |
For the three months ended May 31, 2026, the Company recorded $2.7 million of income tax benefit. For the three months ended May 31, 2025, the Company recorded $0.9 million of income tax expense. For the three months ended May 31, 2026 and 2025, the effective tax rate was 21.2% and 23.3%, respectively. For the six months ended May 31, 2026, the Company recorded $2.7 million of income tax benefit. For the six months ended May 31, 2025, the Company recorded $1.0 million of income tax expense. For the six months ended May 31, 2026 and 2025, the effective tax rate was 23.1% and 17.2%, respectively.
The Company’s effective tax rate differs from the statutory federal rate of 21.0% primarily due to the effects of state income taxes net of the federal benefit, foreign tax rate differentials related to the Company’s South Africa operations, permanent non‑deductible expenses, discrete items related to share‑based compensation, and other items.
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- References No definition available.
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- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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