XML 54 R36.htm IDEA: XBRL DOCUMENT
v3.22.2.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2022
Income Tax Disclosure [Abstract] |
Schedule of 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) | 2022 |  | 2021 |  | 2020
Current: |  |  |  |  |
Federal | $ | 40,245 |  |  | $ | (15,466) |  |  | $ | 15,431 |
Foreign | 10,703 |  |  | 772 |  |  | 1,495 |
State | 1,906 |  |  | 725 |  |  | 523 |
| 52,854 |  |  | (13,969) |  |  | 17,449 |
Deferred: |  |  |  |  |
Federal | (32,382) |  |  | (81,760) |  |  | (127,096) |
Foreign | (1,310) |  |  | 4,106 |  |  | (12,390) |
State | 5,204 |  |  | (12,098) |  |  | (18,069) |
| (28,488) |  |  | (89,752) |  |  | (157,555) |
Total provision (benefit) | $ | 24,366 |  |  | $ | (103,721) |  |  | $ | (140,106) |
Schedule of 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) | 2022 |  | 2021 |  | 2020
Domestic | $ | (14,411) |  |  | $ | (412,556) |  |  | $ | (458,364) |
Foreign | 45,329 |  |  | (28,624) |  |  | (178,134) |
| $ | 30,918 |  |  | $ | (441,180) |  |  | $ | (636,498) |
Schedule of Effective Income Tax Rates as Compared to the U.S. Federal Income Tax Rate | The reconciliation of our effective income tax rates to the U.S. Federal income tax rate is as follows:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
U.S. Federal income tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Effect of foreign taxes | 31.7 |  |  | 0.1 |  |  | (0.2) |
State income taxes, net of federal tax benefit | 21.7 |  |  | 2.6 |  |  | 2.8 |
Other impact of foreign operations | 3.5 |  |  | — |  |  | (0.5) |
Non-deductible meals and entertainment | 1.0 |  |  | (0.1) |  |  | (0.2) |
Equity compensation | 9.6 |  |  | (0.8) |  |  | (0.3) |
Excess officer's compensation | 3.8 |  |  | — |  |  | (0.2) |
Foreign derived intangible income | (13.8) |  |  | — |  |  | — |
Other | 0.3 |  |  | 0.7 |  |  | (0.4) |
Effective income tax rate | 78.8 | % |  | 23.5 | % |  | 22.0 | %
Schedule of Components of Net Deferred Tax Liabilities | The components of our net deferred tax liabilities are as follows:
| September 30,
(in thousands) | 2022 |  | 2021
Deferred tax liabilities: |  |  |
Property, plant and equipment | $ | 558,293 |  |  | $ | 598,798 |
Marketable securities | 9,766 |  |  | 1,669 |
Other | 24,460 |  |  | 26,244 |
Total deferred tax liabilities | 592,519 |  |  | 626,711 |
Deferred tax assets: |  |  |
Pension reserves | 4,811 |  |  | 5,791 |
Self-insurance reserves | 7,333 |  |  | 7,862 |
Net operating loss, foreign tax credit, and other federal tax credit carryforwards | 8,673 |  |  | 25,474 |
Financial accruals | 31,022 |  |  | 31,910 |
Other | 13,678 |  |  | 17,963 |
Total deferred tax assets | 65,517 |  |  | 89,000 |
Valuation allowance | (10,710) |  |  | (25,726) |
Net deferred tax assets | 54,807 |  |  | 63,274 |
Net deferred tax liabilities | $ | 537,712 |  |  | $ | 563,437 |
Schedule of Reconciliation of the Change in Gross Unrecognized Tax Benefits | A reconciliation of the change in our gross unrecognized tax benefits are as follows:
(in thousands) | 2022 |  | 2021 |  | 2020
Unrecognized tax benefits at October 1, | $ | 1,678 |  |  | $ | 13,440 |  |  | $ | 15,759 |
Gross decreases - current period effect of tax positions | (718) |  |  | (11,648) |  |  | (2,338) |
Gross increases - current period effect of tax positions | — |  |  | — |  |  | 20 |
Expiration of statute of limitations for assessments | — |  |  | (114) |  |  | (1) |
Unrecognized tax benefits at September 30, | $ | 960 |  |  | $ | 1,678 |  |  | $ | 13,440 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=121826272&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 https://asc.fasb.org/extlink&oid=121826272&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 https://asc.fasb.org/extlink&oid=121826272&loc=d3e32840-109319 + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration