Quarterly report pursuant to Section 13 or 15(d)

INCOME TAXES

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INCOME TAXES
9 Months Ended
Oct. 31, 2020
INCOME TAXES  
INCOME TAXES

7. INCOME TAXES

Income tax expense increased $20.0 million for the third quarter of fiscal 2020 to $28.3 million compared to the same period in the prior year primarily due to an increase in operating income. Income tax expense decreased $9.8 million for the first nine months of fiscal 2020 to $18.8 million compared to the same period in the prior year primarily due to a decrease in operating income, partially offset by a tax benefit associated with a state income tax settlement in fiscal 2019.