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Income Taxes
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9 Months Ended | ||
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Nov. 30, 2011
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| Income Taxes [Abstract] | |||
| INCOME TAXES |
The Company’s effective tax rate for the nine months ended November 30, 2011, and November 30, 2010, was 24.6% and 37.0%, respectively. The Company’s effective tax rate for the nine months ended November 30, 2011, was substantially impacted by a decrease in uncertain tax positions of $60.2 million in connection with the completion of various income tax examinations during the nine months ended November 30, 2011. The Company’s effective tax rate for the nine months ended November 30, 2010, includes a decrease in uncertain tax positions of $35.1 million in connection with the completion of various income tax examinations during the nine months ended November 30, 2010, partially offset by the recognition of a valuation allowance against deferred tax assets in the U.K. of $30.1 million.
The Company’s effective tax rate for the three months ended November 30, 2011, and November 30, 2010, was 37.4% and 27.6%, respectively. The Company’s effective tax rate for the three months ended November 30, 2010, includes a decrease in uncertain tax positions of $9.7 million in connection with the completion of various income tax examinations during the three months ended November 30, 2010.
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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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