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Income Taxes | 9 Months Ended
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Jun. 30, 2014
Income Taxes |
J. INCOME TAXES
| The calculation of the effective tax rate is as follows (in thousands):
| Three Months Ended |  |  | Nine Months Ended |
| June 30, |  |  | June 30, |
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Income from continuing operations before income taxes | $ | 5,180 |  |  | $ | 12,080 |  |  | $ | 27,416 |  |  | $ | 31,017 |
Income tax provision |  | 2,233 |  |  |  | 2,997 |  |  |  | 10,226 |  |  |  | 8,211 |
Income from continuing operations | $ | 2,947 |  |  | $ | 9,083 |  |  | $ | 17,190 |  |  | $ | 22,806 |
Effective tax rate |  | 43 | % |  |  | 25 | % |  |  | 37 | % |  |  | 27 | %
Our provision for income taxes for continuing operations was $2.2 million in the third quarter of fiscal year 2014, compared to $3.0 million in the third quarter of fiscal year 2013. The effective tax rate for the third quarter of fiscal year 2014 was 43.1% which is above the combined U.S. federal and state statutory rates primarily due to discrete tax items recognized during the quarter as well as the nondeductibility of certain executive compensation costs. The effective tax rate for the third quarter of fiscal year 2013 was 24.8% and was favorably impacted by the utilization of loss carryforwards on Canadian income and the retroactive availability of the Federal Research and Development Tax Credit. Our provision for income taxes for continuing operations was $10.2 million for the nine months ended June 30, 2014, compared to $8.2 million for the nine months ended June 30, 2013. The effective tax rate for nine months ended June 30, 2014 was 37.3% which approximates the combined U.S. federal and state statutory rates as the majority of our income is attributable to the U.S. The effective tax rate for the nine months ended June 30, 2013 was 26.5% and was favorably impacted by the utilization of loss carryforwards on Canadian income as well as the extension of the Federal Research and Development Tax Credit.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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 Reference 5: 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 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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