INCOME TAXES |
3 Months Ended |
|---|---|
Nov. 30, 2016 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | The Company applies an estimated annual effective tax rate to its year-to-date operating results to determine the interim provision for income tax expense. In addition, the Company recognizes taxes related to unusual or infrequent items or resulting from a change in judgment regarding a position taken in a prior year as discrete items in the interim period in which the event occurs. The Company’s effective tax rates for the three months ended November 30, 2016 and 2015 were 20.4% and 29.3%, respectively. The lower effective tax rate for the three months ended November 30, 2016 was primarily due to higher benefits from adjustments to prior year taxes and recognition of excess tax benefits from share based payments as a result of the adoption of FASB ASU No. 2016-09. For additional information, see Note 1 (Basis of Presentation) to these Consolidated Financial Statements under Item 1, “Financial Statements.” |