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INCOME TAXES (Tables) | 12 Months Ended
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Sep. 30, 2019
Income Tax Disclosure [Abstract] |
Components of the Provision (Benefit) for Income Taxes | The components of the provision (benefit) for income taxes are as follows:
| Year Ended September 30,
(in thousands) | 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal | $ | 21,745 |  |  | $ | 757 |  |  | $ | (36,260 | )
Foreign | 732 |  |  | 6,492 |  |  | 4,108 |
State | 3,365 |  |  | 2,340 |  |  | (472 | )
| 25,842 |  |  | 9,589 |  |  | (32,624 | )
Deferred: |  |  |  |  |
Federal | (35,809 | ) |  | (508,256 | ) |  | (14,953 | )
Foreign | 2,804 |  |  | 7,415 |  |  | (7,827 | )
State | (11,549 | ) |  | 14,083 |  |  | (1,331 | )
| (44,554 | ) |  | (486,758 | ) |  | (24,111 | )
Total benefit | $ | (18,712 | ) |  | $ | (477,169 | ) |  | $ | (56,735 | )
Domestic and Foreign Income (Loss) before Income Taxes | The amounts of domestic and foreign income (loss) before income taxes are as follows:
| Year Ended September 30,
(in thousands) | 2019 |  | 2018 |  | 2017
Domestic | $ | (45,118 | ) |  | $ | 27,436 |  |  | $ | (173,157 | )
Foreign | (6,104 | ) |  | (11,595 | ) |  | (11,441 | )
| $ | (51,222 | ) |  | $ | 15,841 |  |  | $ | (184,598 | )
Effective Income Tax Rates as Compared to the U.S. Federal Income Tax Rate | Effective income tax rates as compared to the U.S. Federal income tax rate are as follows:
| Year Ended September 30,
| 2019 |  | 2018 |  | 2017
U.S. Federal income tax rate | 21.0 | % |  | 24.5 | % |  | 35.0 | %
Effect of foreign taxes | (0.6 | ) |  | 87.8 |  |  | 1.8 |
State income taxes, net of federal tax benefit | 17.2 |  |  | 68.8 |  |  | 0.6 |
U.S. domestic production activities | — |  |  | — |  |  | (2.1 | )
Remeasurement of deferred tax related to Tax Reform Act | — |  |  | (3,169.4 | ) |  | — |
Other impact of foreign operations | 0.9 |  |  | (43.4 | ) |  | (2.9 | )
Non-deductible meals and entertainment (1) | (2.5 | ) |  | 8.2 |  |  | — |
Equity compensation (1) | 2.7 |  |  | (5.3 | ) |  | — |
Excess officer's compensation (1) | (1.9 | ) |  | 1.7 |  |  | — |
Contingent consideration adjustment (1) | 4.5 |  |  | 10.7 |  |  | — |
Other (1) | (4.8 | ) |  | 4.1 |  |  | (1.7 | )
Effective income tax rate | 36.5 | % |  | (3,012.3 | )% |  | 30.7 | %
(1) For fiscal year 2017, “Other” reflects adjustments for non-deductible meals and entertainment, equity compensation, excess officer’s compensation and contingent consideration.
Components of Net Deferred Tax Liabilities | The components of our net deferred tax liabilities are as follows:
| September 30,
(in thousands) | 2019 |  | 2018
Deferred tax liabilities: |  |  |
Property, plant and equipment | $ | 867,909 |  |  | $ | 904,734 |
Marketable securities | — |  |  | 10,464 |
Other | 15,681 |  |  | 12,787 |
Total deferred tax liabilities | 883,590 |  |  | 927,985 |
Deferred tax assets: |  |  |
Marketable securities | 771 |  |  | — |
Pension reserves | 7,324 |  |  | 3,477 |
Self-insurance reserves | 14,294 |  |  | 13,100 |
Net operating loss, foreign tax credit, and other federal tax credit carryforwards | 41,126 |  |  | 55,889 |
Financial accruals | 54,511 |  |  | 45,708 |
Other | 2,531 |  |  | 4,888 |
Total deferred tax assets | 120,557 |  |  | 123,062 |
Valuation allowance | (43,578 | ) |  | (48,213 | )
Net deferred tax assets | 76,979 |  |  | 74,849 |
Net deferred tax liabilities | $ | 806,611 |  |  | $ | 853,136 |
Reconciliation of the Change in Gross Unrecognized Tax Benefits | A reconciliation of the change in our gross unrecognized tax benefits for the fiscal years ended September 30, 2019 and 2018 is as follows:
(in thousands) | 2019 |  | 2018
Unrecognized tax benefits at October 1, | $ | 14,905 |  |  | $ | 4,773 |
Gross increases - tax positions in prior periods | — |  |  | 3 |
Gross decreases - current period effect of tax positions | (28 | ) |  | (280 | )
Gross increases - current period effect of tax positions | 1,067 |  |  | 10,537 |
Expiration of statute of limitations for assessments | (185 | ) |  | (128 | )
Unrecognized tax benefits at September 30, | $ | 15,759 |  |  | $ | 14,905 |

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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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