Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.22.4
INCOME TAXES (Tables)
3 Months Ended
Nov. 30, 2022
INCOME TAXES  
Provision for Income Taxes

The provision for income taxes is recorded at the end of each interim period based on the Company’s best estimate of its effective income tax rate expected to be applicable for the full fiscal year considering any items requiring discrete recognition. Income tax information for the three months ended November 30, 2022 and 2021 is as follows:

Three Months Ended

 

(In thousands)

    

November 30, 2022

    

November 30, 2021

 

Effective income tax rate

45.0

%

24.0

%

Income tax expense:

Current

$

(36)

$

471

Deferred

 

166

 

6

Total

$

130

$

477

Income taxes paid:

Federal

$

$

3,450

State

 

 

Total

$

$

3,450