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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense | It is the Company’s policy to recognize interest and/or penalties related to income tax matters in income tax expense.
| Year ended September 30, |  |  |  |
| 2019 |  | 2018 |  | 2017
Current: |  |  |  |  |
Federal tax expense | $ | 220 |  |  | $ | 668 |  |  | $ | — |
State tax expense | 189 |  |  | 351 |  |  | 121 |
Deferred |  |  |  |  |
Federal tax (benefit) | (487) |  |  | (685) |  |  | — |
State tax expense (benefit) | (99) |  |  | 3 |  |  | 56 |
Income tax expense | $ | (177) |  |  | $ | 337 |  |  | $ | 177 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of income tax expense from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:
| Year ended September 30, |  |  |  |  |  |  |
| 2019 |  |  | 2018 |  |  | 2017 |
Expected U.S. federal income taxes at statutory rate | $ | 81 |  | 21.0 | % |  | $ | (1,139) |  | 24.6 | % |  | $ | 370 |  | 34.3 | %
Partnership income not taxed at federal level | (1,007) |  | (260.9) | % |  | 294 |  | (6.4) | % |  | (1,352) |  | (125.3) | %
Valuation allowance | 251 |  | 65.0 | % |  | 965 |  | (20.9) | % |  | 914 |  | 84.7 | %
State and local income taxes, net of federal benefit | 104 |  | 26.9 | % |  | 295 |  | (6.4) | % |  | 177 |  | 16.4 | %
Nondeductible expenses | 393 |  | 101.8 | % |  | 398 |  | (8.6) | % |  | 67 |  | 6.2 | %
Federal tax rate change | — |  | — | % |  | (471) |  | 10.2 | % |  | — |  | — | %
Other | 1 |  | 0.3 | % |  | (5) |  | 0.1 | % |  | 1 |  | 0.1 | %
Income tax (benefit) expense | $ | (177) |  | (45.9) | % |  | $ | 337 |  | (7.3) | % |  | $ | 177 |  | 16.4 | %
Schedule of Deferred Tax Assets and Liabilities | Net deferred taxes spanning multiple jurisdictions as of September 30, 2019 and 2018 were as follows:
| September 30, |  |
| 2019 |  | 2018 (revised)
Deferred tax assets: |  |  |
Investment in partnership(1) | $ | 40,880 |  |  | $ | 14,443 |
Stock-based compensation | 811 |  | 186 |
Tax Receivable Agreement | — |  |  | 193 |
Deferred revenue | 564 |  | 571 |
Accrued expenses | 110 |  | 29 |
Net operating loss carryforwards(1) | 6,360 |  |  | 1,775 |
Section 163j carryforward | 2,006 |  |  | — |
Other | 42 |  |  | 33 |
Gross deferred tax assets | 50,773 |  |  | 17,230 |
Valuation allowance(1) | (16,609) |  |  | (15,517) |
Deferred tax liabilities: |  |  |
Intangible assets | $ | (6,257) |  |  | $ | (1,656) |
Other | (285) |  |  | (5) |
Net deferred tax asset | $ | 27,622 |  |  | $ | 52 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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