| Component: (Network and Table) | |
|---|---|
| Network | 4050 - Disclosure - Income Taxes (Details) (http://www.aarcorp.com/role/DisclosureIncomeTaxesDetails) |
| Table | (Implied) |
| Reporting Entity [Axis] | 0000001750 (http://www.sec.gov/CIK) |
| Income Taxes | Period [Axis] | |||
|---|---|---|---|---|
2011-12-01 - 2012-02-29 | 2011-06-01 - 2012-05-31 | 2010-06-01 - 2011-05-31 | 2009-06-01 - 2010-05-31 | |
Income Taxes | ||||
Components of provision for income taxes on pre-tax income | ||||
Current: | ||||
Federal | (9,777,000) | (8,580,000) | 21,649,000 | |
State | (450,000) | 1,500,000 | 1,800,000 | |
Foreign | 2,952,000 | 1,800,000 | 1,400,000 | |
Total current | (7,275,000) | (5,280,000) | 24,849,000 | |
Deferred | 32,755,000 | 38,861,000 | (3,863,000) | |
Provision for income taxes | 25,480,000 | 33,581,000 | 20,986,000 | |
Income tax receivable | 22,823,000 | 9,054,000 | ||
U.S. federal statutory income tax rate (as a percent) | .35 | .35 | .35 | |
Reasons for difference between the provision for income taxes on pre-tax income from the amount computed by applying the U.S. federal statutory tax rate | ||||
Provision for income taxes at the federal statutory rate | 32,728,000 | 36,193,000 | 22,466,000 | |
Tax benefits on domestic production activities | (1,673,000) | |||
State income taxes, net of federal benefit and refunds | 3,976,000 | (3,465,000) | 910,000 | 1,056,000 |
Research and development credit | (850,000) | (350,000) | (418,000) | |
Leveraged lease | (1,517,000) | |||
Noncontrolling interest | (107,000) | 499,000 | ||
Settlement of tax examinations | (3,531,000) | |||
Federal adjustments | (3,300,000) | |||
Other | 474,000 | 359,000 | 573,000 | |
Provision for income taxes | 25,480,000 | 33,581,000 | 20,986,000 | |
Components of deferred tax liabilities and assets | ||||
Deferred tax assets-current attributable to: | ||||
Inventory costs | 11,268,000 | 17,145,000 | ||
Employee benefits | 6,036,000 | 5,793,000 | ||
Allowance for doubtful accounts | 2,114,000 | 2,109,000 | ||
AMT, NOL and FTC carrybacks | 7,332,000 | 8,400,000 | ||
Advanced billings and other | (4,112,000) | (9,864,000) | ||
Total net deferred tax assets-current | 22,638,000 | 23,583,000 | ||
Deferred tax assets-noncurrent attributable to: | ||||
Postretirement benefits | 19,585,000 | 12,847,000 | ||
Bond hedge | 3,086,000 | 6,733,000 | ||
Foreign intangible assets | 39,551,000 | |||
Other | 4,765,000 | |||
Total deferred tax assets-noncurrent | 66,987,000 | 19,580,000 | ||
Total deferred tax assets | 89,625,000 | 43,163,000 | ||
Deferred tax liabilities attributable to: | ||||
Depreciation | (119,049,000) | (104,202,000) | ||
Convertible notes | (7,039,000) | (13,700,000) | ||
Capitalized program development costs | (17,256,000) | |||
Foreign intangible assets | (39,551,000) | |||
Total deferred tax liabilities | (182,895,000) | (117,902,000) | ||
Net deferred tax liabilities | (93,270,000) | (74,739,000) | ||
Effective income tax rate (as a percent) | .272 | .325 | ||
Number of significant businesses relocated | 1 | |||
Reduction in income tax expense primarily due to allowance of foreign tax credits which had not been previously benefited | 3,531,000 | |||