Annual report [Section 13 and 15(d), not S-K Item 405]

INCOME TAXES (Tables)

v3.25.3
INCOME TAXES (Tables)
12 Months Ended
Aug. 31, 2025
INCOME TAXES  
Deferred Tax Assets (Liabilities) Significant components of the Company’s deferred tax assets as of August 31 are as follows:

(In thousands)

    

August 31, 2025

    

August 31, 2024

Deferred tax assets (liabilities):

    

  

    

  

Depreciation and depletion

$

(2,361)

$

(2,237)

Non-qualified stock options

 

522

 

527

Accrued compensation

127

230

Deferred revenue

113

31

Other

 

58

 

54

Net deferred tax liability

$

(1,541)

$

(1,395)

Statutory to Effective Income Tax Reconciliation

Income taxes computed using the federal statutory income tax rate differ from the Company’s effective tax rate primarily due to the following for the fiscal years ended August 31:

Year Ended 

(In thousands)

    

August 31, 2025

    

August 31, 2024

Expected expense (benefit) from federal taxes at statutory rate of 21%

$

3,669

$

3,283

State taxes, net of federal benefit

600

559

Permanent and other differences

45

148

Stock Compensation

(12)

(14)

Other

58

43

Total income tax expense

$

4,360

$

4,019