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v3.22.2.2

Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2022
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | The provision for income taxes was as follows during fiscal 2022, 2021 and 2020:
| Year ended September 30,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Current: |  |  |  |  |
Federal | $ | 50,403 |  |  | $ | 43,437 |  |  | $ | 14,566 |
State | 8,952 |  |  | 7,961 |  |  | 2,180 |
Foreign | 30,597 |  |  | 35,615 |  |  | 12,482 |
| 89,952 |  |  | 87,013 |  |  | 29,228 |
Deferred: |  |  |  |  |
Federal | 8,165 |  |  | (4,602) |  |  | (8,575) |
State | 507 |  |  | (948) |  |  | (957) |
Foreign | (856) |  |  | (405) |  |  | 893 |
| 7,816 |  |  | (5,955) |  |  | (8,639) |
Total provision | $ | 97,768 |  |  | $ | 81,058 |  |  | $ | 20,589 |
Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities at September 30, 2022 and 2021 were as follows:
| September 30,
| 2022 |  | 2021
| (In thousands)
Deferred tax assets: |  |  |
Loss and credit carryforwards | $ | 19,122 |  |  | $ | 30,311 |
Compensation benefits | 29,344 |  |  | 29,305 |
Operating lease liabilities | 13,065 |  |  | 17,076 |
Other assets | 14,744 |  |  | 16,711 |
| 76,275 |  |  | 93,403 |
Less: valuation allowance | (16,635) |  |  | (28,403) |
Total deferred tax assets | 59,640 |  |  | 65,000 |
Deferred tax liabilities: |  |  |
Intangible assets | (14,263) |  |  | (10,518) |
Deferred commission | (12,419) |  |  | (10,520) |
Property and equipment | (327) |  |  | (487) |
Operating lease right-of-use assets | (8,798) |  |  | (11,258) |
Other liabilities | (12,030) |  |  | (11,668) |
Total deferred tax liabilities | (47,837) |  |  | (44,451) |
Deferred tax assets, net | $ | 11,803 |  |  | $ | 20,549 |
Reconciliation Between Federal Statutory Income Tax Rate and Effective Tax Rate | A reconciliation of the provision for income taxes, with the amount computed by applying the U.S. federal statutory income tax rate of 21% to income before provision for income taxes for fiscal 2022, 2021 and 2020 is shown below:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Income tax provision at U.S. federal statutory rate | $ | 98,975 |  |  | $ | 99,360 |  |  | $ | 53,970 |
State income taxes, net of U.S. federal benefit | 8,359 |  |  | 7,815 |  |  | 4,619 |
Foreign tax rate differential | 3,058 |  |  | 1,490 |  |  | 493 |
Research credits | (5,932) |  |  | (6,795) |  |  | (5,868) |
Valuation allowance | (11,768) |  |  | 3,839 |  |  | 5,332 |
Excess tax benefits relating to share-based compensation | 702 |  |  | (15,573) |  |  | (45,086) |
GILTI, FDII, BEAT and FTC | (2,491) |  |  | (4,958) |  |  | 7,136 |
Other | 6,865 |  |  | (4,120) |  |  | (7) |
Recorded income tax provision | $ | 97,768 |  |  | $ | 81,058 |  |  | $ | 20,589 |
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
| (In thousands)
Gross unrecognized tax benefits at beginning of year | $ | 10,897 |  |  | $ | 7,994 |  |  | $ | 5,834 |
Gross increases for tax positions in prior years | 593 |  |  | — |  |  | 883 |
Gross decreases for tax positions in prior years | — |  |  | (385) |  |  | (65) |
Gross increases based on tax positions related to the current year | 3,250 |  |  | 5,273 |  |  | 2,260 |
Decreases for settlements and payments | — |  |  | (643) |  |  | — |
Decreases due to statute expiration | (1,760) |  |  | (1,342) |  |  | (918) |
Gross unrecognized tax benefits at end of year | $ | 12,980 |  |  | $ | 10,897 |  |  | $ | 7,994 |

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