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Income Taxes
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6 Months Ended |
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Aug. 31, 2011
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| Income Taxes [Abstract] | |
| INCOME TAXES |
11. INCOME TAXES:
The Company’s effective tax rate for the six months ended August 31, 2011, and August 31,
2010, was 17.1% and 44.2%, respectively. The Company’s effective tax rate for the six months ended
August 31, 2011, was substantially impacted by a decrease in uncertain tax positions in connection with the completion
of various income tax examinations during the six months ended August 31, 2011. The Company’s
effective tax rate for the six months ended August 31, 2010, includes the recognition of a
valuation allowance against deferred tax assets in the U.K. of $30.1 million, partially offset by a
decrease in uncertain tax positions in connection with the completion of various income tax
examinations during the six months ended August 31, 2010.
The Company’s effective tax rate for the three months ended August 31, 2011, and August 31,
2010, was 2.3% and 38.8%, respectively. The Company’s effective tax rate for the three months
ended August 31, 2011, was substantially impacted by a decrease in uncertain tax positions in connection with the
completion of various income tax examinations during the three months ended August 31, 2011.
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- Details
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- Definition
The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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