Income Taxes |
6 Months Ended |
|---|---|
Nov. 30, 2022 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Note I: Income Taxes
The Company’s effective income tax rate was 24.2% and 24.1% for the three months ended November 30, 2022 and 2021, respectively, and 23.5% and 24.5% for the six months ended November 30, 2022 and 2021, respectively. All periods were impacted by the recognition of excess tax benefits related to employee stock-based compensation payments. The effective income tax rate for the six months ended November 30, 2021 was also impacted by an increase in state taxes. |