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Income Taxes (Tables)

12 Months Ended

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

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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

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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

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