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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Components of income tax provision | The following table presents the significant components of the income tax provision from continuing operations:
| Fiscal Year Ended September 30,
| 2016 |  | 2015 |  | 2014
| (in thousands)
Current: |  |  |  |  |
Federal | $ | 11,120 |  |  | $ | (42,001 | ) |  | $ | 13,076 |
State and foreign | 3,193 |  |  | 2,000 |  |  | (11,132 | )
| 14,313 |  |  | (40,001 | ) |  | 1,944 |
Deferred: |  |  |  |  |
Federal | (3,766 | ) |  | 16,580 |  |  | (278 | )
State and foreign | (1,186 | ) |  | 9,396 |  |  | 2,785 |
| (4,952 | ) |  | 25,976 |  |  | 2,507 |
Total income tax expense (benefit) | $ | 9,361 |  |  | $ | (14,025 | ) |  | $ | 4,451 |
Reconciliation of income taxes calculated at the statutory rate and the provision for income taxes | The following table presents a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes attributable to continuing operations:
| Fiscal Year Ended September 30,
| 2016 |  | 2015 |  | 2014
| (in thousands)
Income tax expense (benefit) at the federal statutory rate | $ | 128 |  |  | $ | (23,172 | ) |  | $ | 2,761 |
State taxes, net of federal benefit | 2,476 |  |  | (701 | ) |  | (909 | )
Captive insurance company | — |  |  | (393 | ) |  | (410 | )
Non-deductible items | 1,718 |  |  | 449 |  |  | 457 |
Foreign tax credit | 2,788 |  |  | (2,413 | ) |  | (2,174 | )
Foreign rate differential | 277 |  |  | 880 |  |  | — |
Change in valuation allowance | 1,511 |  |  | 4,846 |  |  | 481 |
Uncertain tax positions | — |  |  | 1,781 |  |  | 3,016 |
Tax basis balance sheet adjustment | — |  |  | 2,516 |  |  | 941 |
Other | 463 |  |  | 2,182 |  |  | 288 |
Total income tax expense (benefit) | $ | 9,361 |  |  | $ | (14,025 | ) |  | $ | 4,451 |
Effective tax rate | 2,579 | % |  | 21 | % |  | 56 | %
Significant components of deferred tax assets and liabilities | The following table shows significant components of our deferred tax assets and liabilities:
| September 30,
| 2016 |  | 2015
| (in thousands)
Deferred tax assets: |  |  |
Cash Converters International | $ | 15,314 |  |  | $ | 8,645 |
Tax over book inventory | 5,113 |  |  | 4,521 |
Accrued liabilities | 11,276 |  |  | 14,428 |
Pawn service charges receivable | 11,521 |  |  | 12,588 |
Note receivable discount | 2,427 |  |  | — |
Stock compensation | 2,065 |  |  | 2,711 |
Foreign tax credit | 2,706 |  |  | 4,249 |
Capital loss carryforward | 8,017 |  |  | 8,017 |
State and foreign net operating loss carryforwards | 12,891 |  |  | 10,715 |
Other | 694 |  |  | 2,143 |
Total deferred tax assets before valuation allowance | 72,024 |  |  | 68,017 |
Valuation allowance | (21,078 | ) |  | (19,567 | )
Net deferred tax assets | 50,946 |  |  | 48,450 |
Deferred tax liabilities: |  |  |
Tax over book amortization | 14,060 |  |  | 12,690 |
Tax over book depreciation | 445 |  |  | 417 |
Prepaid expenses | 1,138 |  |  | 1,167 |
Total deferred tax liabilities | 15,643 |  |  | 14,274 |
Net deferred tax asset | $ | 35,303 |  |  | $ | 34,176 |
Schedule of unrecognized tax benefits | The following table presents a rollforward of unrecognized tax benefits:
| Fiscal Year Ended September 30,
| 2016 |  | 2015 |  | 2014
| (in thousands)
Beginning balance | $ | 6,058 |  |  | $ | 4,402 |  |  | $ | 1,432 |
Tax positions taken during the current period | — |  |  | 1,656 |  |  | 2,970 |
Ending balance | $ | 6,058 |  |  | $ | 6,058 |  |  | $ | 4,402 |

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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=65882285&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=65882285&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=65882285&loc=d3e32687-109319 + Details
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