Quarterly report pursuant to Section 13 or 15(d)

Income Taxes

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Income Taxes
6 Months Ended
Aug. 31, 2017
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES:

Our effective tax rate for the six months ended August 31, 2017, and August 31, 2016, was 18.3% and 31.8%, respectively. Our effective tax rate for the three months ended August 31, 2017, and August 31, 2016, was 20.4% and 31.7%, respectively.

For the six months and three months ended August 31, 2017, our effective tax rate was lower than the federal statutory rate of 35% primarily due to (i)  lower effective tax rates applicable to our foreign businesses, including our assertion regarding indefinitely reinvesting earnings of certain foreign subsidiaries, which was asserted in the third quarter of fiscal 2017, and (ii)  the recognition of the income tax effect of stock-based compensation awards in the income statement when the awards vest or are settled in connection with our March 1, 2017, adoption of the FASB’s amended share-based compensation guidance. For the six months and three months ended August 31, 2016, our effective tax rate was lower than the federal statutory rate primarily due to lower effective tax rates applicable to our foreign businesses.