XML 47 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision

The components of the income tax provision were as follows (in thousands):

	Year Ended September 30,
	2016				2015				2014
Current:
Federal	$	(1,395	)		$	2,638			$	12,184
State		449				699				2,226
Foreign		899				(306	)			(130	)
		(47	)			3,031				14,280
Deferred:
Federal		1,923				3,296				(1,798	)
State		47				420				(311	)
Foreign		360				6,805				(1,103	)
		2,330				10,521				(3,212	)
Total income tax provision	$	2,283			$	13,552			$	11,068

Schedule of Income Before Income Taxes

Income before income taxes was as follows (in thousands):

	Year Ended September 30,
	2016				2015				2014
U.S.	$	5,087			$	33,549			$	35,131
Other than U.S.		12,706				(10,558	)			(4,443	)
Income before income taxes	$	17,793			$	22,991			$	30,688

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. income tax rate and the effective income tax rate, as computed on earnings before income tax provision in each of the three years presented in the Consolidated Statements of Operations, was as follows:

	Year Ended September 30,
	2016				2015				2014
Statutory rate		35	%			35	%			35	%
State income taxes, net of federal benefit		2				3				3
Research and development credit		(8	)			(21	)			—
Foreign rate differential		(8	)			4				1
Domestic production activities deduction		—				(3	)			(3	)
Foreign valuation allowance		(11	)			43				—
Other		3				(2	)			—
Effective rate		13	%			59	%			36	%

Schedule of Components of Deferred Income Tax Assets

The net deferred income tax asset was comprised of the following (in thousands):

	September 30,
	2016				2015
Current deferred income taxes:
Gross assets	$	4,384			$	3,910
Gross liabilities		(378	)			—
Net current deferred income tax asset		4,006				3,910
Noncurrent deferred income taxes:
Gross assets		16,170				5,005
Gross liabilities		(16,308	)			(2,717	)
Net noncurrent deferred income tax asset (liability)		(138	)			2,288
Net deferred income tax asset	$	3,868			$	6,198

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences between U.S. GAAP accounting and federal income tax accounting creating deferred income tax assets and liabilities was as follows (in thousands):

	September 30,
	2016				2015
Deferred Tax Assets:
Net operating loss	$	10,453			$	9,877
Uniform capitalization and inventory		1,596				1,895
Deferred compensation		1,853				1,848
Stock-based compensation		760				993
Reserve for accrued employee benefits		1,679				1,482
Warranty accrual		1,388				915
Goodwill		345				398
Postretirement benefits liability		503				—
Allowance for doubtful accounts		220				166
Accrued legal		294				60
Credit carryforwards		1,292				1,329
Other		171				8
Deferred tax assets		20,554				18,971
Deferred Tax Liabilities:
Depreciation and amortization		(8,247	)			(2,705	)
Other		—				(12	)
Deferred tax liabilities		(8,247	)			(2,717	)
Less: valuation allowance		(8,439	)			(10,056	)
Net deferred tax asset	$	3,868			$	6,198

Schedule of Valuation Allowance

A rollforward of the valuation allowance for the past three years is summarized below:

Balance at September 30, 2013	$	135
Charged to cost and expenses		80
Charged to other accounts		688
Balance at September 30, 2014	$	903
Charged to cost and expenses		10,048
Charged to other accounts		(895	)
Balance at September 30, 2015	$	10,056
Charged to cost and expenses		(1,934	)
Charged to other accounts		317
Balance at September 30, 2016	$	8,439

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of the unrecognized tax benefits follows (in thousands):

	Year Ended September 30,
	2016				2015				2014
Balance at beginning of period	$	784			$	4,026			$	3,845
Increases related to tax positions taken during the current period		293				954				225
Increases related to tax positions taken during a prior period		―				2				14
Decreases related to expiration of statute of limitations		(31	)			(49	)			(58	)
Decreases related to settlement with taxing authorities		―				(4,149	)			—
Balance at end of period	$	1,046			$	784			$	4,026

X

- Definition

Schedule of components of deferred income tax assets and liabilities.

+ References

No definition available.

+ Details

Name:	powl_ScheduleOfComponentsOfDeferredIncomeTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	powl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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://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=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://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=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://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=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319

+ Details

Name:	us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Valuation Allowance
-URI http://asc.fasb.org/extlink&oid=6528051

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration