Income Taxes |
3 Months Ended |
|---|---|
Aug. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | NOTE 7 — INCOME TAXES The effective income tax rate of 23.9% for the three months ended August 31, 2026, compares to the effective income tax rate of 23.6% for the three months ended August 31, 2025. The effective income tax rates for the three-month period ended August 31, 2026 and 2025, reflect variances from the 21% statutory rate due to the unfavorable impact of state and local income taxes, non-deductible business expenses, and the net tax on foreign subsidiary income resulting from U.S. foreign income inclusion provisions, partially offset by tax benefits related to equity compensation and foreign tax credits. As of May 31, 2026, we had approximately $171.6 million of unremitted foreign earnings not considered permanently reinvested, with a corresponding $0.4 million deferred tax liability for foreign withholding or income taxes, which may become payable if these earnings were remitted to us as dividends. As of August 31, 2026, these earnings are approximately $171.0 million. The related deferred tax liability associated with these earnings is $0.4 million. |