v3.26.1
Income Taxes (Tables)
3 Months Ended
Feb. 28, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Benefit (Provision) and Effective Tax Rate
The provision for income taxes and effective tax rate were as follows:
Three Months Ended
February 28,
(Dollars in thousands)20262025
Provision for income taxes$69,092 169,525 
Effective tax rate (1)23.1%24.6%
(1)For the three months ended February 28, 2026 and 2025, the effective tax rate included state income tax expense and non-deductible executive compensation, partially offset by tax credits. The decrease in the effective tax rate for the three months ended February 28, 2026 compared to the prior period was primarily due to a charitable contribution of appreciated stock.