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Income Tax Expense (Tables) | 12 Months Ended
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Sep. 30, 2014
Income Tax Expense [Abstract] |
Total income tax expense (benefit) | Total income tax expense (benefit) for the years ended September 30, 2014, 2013 and 2012 was allocated to income tax expense as follows:
(Dollars in thousands) |  | 2014 |  | 2013 |  | 2012 |
Income tax expense from Continuing Operations |  | $ | 19,594 |  |  | 18,335 |  |  | 17,408 |
Income tax (benefit) expense from Discontinued Operations |  |  | (6,034) |  |  | (5,215) |  |  | 7,397 |
Total income tax expense |  | $ | 13,560 |  |  | 13,120 |  |  | 24,805 |
Components Of Income From Continuing Operations Before Income Taxes | The components of income from continuing operations before income taxes consisted of the following for the years ended September 30:
(Dollars in thousands) |  | 2014 |  | 2013 |  | 2012 |
United States |  | $ | 56,196 |  |  | 43,159 |  |  | 46,883 |
Foreign |  |  | 6,011 |  |  | 6,436 |  |  | 5,299 |
Total income before income taxes |  | $ | 62,207 |  |  | 49,595 |  |  | 52,182 |
Principal Components Of Income Tax Expense (Benefit) From Continuing Operations | The principal components of income tax expense (benefit) from continuing operations for the years ended September 30, 2014, 2013 and 2012 consist of:
(Dollars in thousands) |  | 2014 |  | 2013 |  | 2012 |
Federal: |  |  |  |  |  |  |  |  |  |
Current |  | $ | 18,756 |  |  | 10,723 |  |  | 11,144 |
Deferred |  |  | (2,442) |  |  | 2,942 |  |  | 2,954 |
State and local: |  |  |  |  |  |  |  |  |  |
Current |  |  | 1,397 |  |  | 896 |  |  | 1,372 |
Deferred |  |  | (245) |  |  | 642 |  |  | 309 |
Foreign: |  |  |  |  |  |  |  |  |  |
Current |  |  | 2,044 |  |  | 2,033 |  |  | 1,863 |
Deferred |  |  | 84 |  |  | 1,099 |  |  | (234) |
Total |  | $ | 19,594 |  |  | 18,335 |  |  | 17,408 |
Schedule Of Actual Income Tax Expense (Benefit) From Continuing Operations | The actual income tax expense (benefit) from continuing operations for the years ended September 30, 2014, 2013 and 2012 differs from the expected tax expense for those years (computed by applying the U.S. Federal corporate statutory rate) as follows:
|  | 2014 |  | 2013 |  | 2012 |
Federal corporate statutory rate |  |  | 35.0 | % | 35.0 | % | 35.0 | %
State and local, net of Federal benefits |  |  | 2.0 |  | 2.7 |  | 3.3 |
Foreign |  |  | (1.7) |  | (1.9) |  | (0.7) |
Research credit |  |  | (1.0) |  | (2.5) |  | (0.3) |
Domestic production deduction |  |  | (2.9) |  | (2.5) |  | (2.4) |
Change in uncertain tax positions |  |  | (2.9) |  | 0.1 |  | (3.6) |
Purchase accounting adjustment |  |  | — |  | — |  | 1.0 |
Executive compensation |  |  | 1.3 |  | 1.8 |  | 0.6 |
Valuation allowance |  |  | 1.3 |  | 4.0 |  | 0.2 |
Other, net |  |  | 0.4 |  | 0.3 |  | 0.3 |
Effective income tax rate |  |  | 31.5 | % | 37.0 | % | 33.4 | %
Tax Effects Of Temporary Differences That Give Rise To Significant Portions Of The Deferred Tax Assets And Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at September 30, 2014 and 2013 are presented below:
(Dollars in thousands) |  | 2014 |  | 2013 |
Deferred tax assets: |  |  |  |  |  |  |
Inventories, long-term contract accounting, contract cost reserves and other |  | $ | 7,710 |  |  | 6,825 |
Pension and other postretirement benefits |  |  | 6,974 |  |  | 7,417 |
Net operating loss carryforward — domestic |  |  | 658 |  |  | 848 |
Net operating loss carryforward — foreign |  |  | 4,702 |  |  | 3,955 |
Capital loss carryforward |  |  | — |  |  | 240 |
Other compensation-related costs and other cost accruals |  |  | 13,996 |  |  | 19,325 |
State credit carryforward |  |  | 1,276 |  |  | 1,099 |
Total deferred tax assets |  |  | 35,316 |  |  | 39,709 |
Deferred tax liabilities: |  |  |  |  |  |  |
Goodwill |  |  | (14,338) |  |  | (14,576) |
Acquisition assets |  |  | (57,795) |  |  | (61,403) |
Depreciation, software amortization |  |  | (16,380) |  |  | (36,396) |
Net deferred tax liabilities before valuation allowance |  |  | (53,197) |  |  | (72,666) |
Less valuation allowance |  |  | (4,297) |  |  | (3,780) |
Net deferred tax liabilities |  | $ | (57,494) |  |  | (76,446) |
Reconciliation Of Unrecognized Tax Benefits | A reconciliation of the Company’s unrecognized tax benefits for the years ended September 30, 2014 and 2013 is presented in the table below:
(Dollars in millions) |  | 2014 |  | 2013 |
Balance as of October 1, |  | $ | 2.2 |  |  | 1.8 |
Increases related to prior year tax positions |  |  | — |  |  | 0.5 |
Decreases related to prior year tax positions |  |  | (0.7) |  |  | — |
Increases related to current year tax positions |  |  | — |  |  | 0.2 |
Decreases related to settlements with taxing authorities |  |  | — |  |  | (0.1) |
Lapse of statute of limitations |  |  | (1.0) |  |  | (0.2) |
Balance as of September 30, |  | $ | 0.5 |  |  | 2.2 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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