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INCOME TAXES | 12 Months Ended
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Sep. 30, 2013
INCOME TAXES [Abstract] |
INCOME TAXES |
12. | INCOME TAXES:
The provision for income taxes consisted of the following:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 15,703 |  |  | $ | 14,060 |  |  | $ | 15,306 |
State |  |  | 3,423 |  |  |  | 2,483 |  |  |  | 3,004 |
Foreign |  |  | 4,804 |  |  |  | 6,437 |  |  |  | 10,689 |
|  |  | 23,930 |  |  |  | 22,980 |  |  |  | 28,999 |
Deferred |  |  | 2,734 |  |  |  | 5,737 |  |  |  | 9,557 |
Total |  | $ | 26,664 |  |  | $ | 28,717 |  |  | $ | 38,556 |
The reconciliation of the federal statutory tax rate to the consolidated effective tax rate was as follows:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Federal statutory tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
Effect of state income taxes, net of federal deduction |  |  | 2.7 |  |  |  | 2.1 |  |  |  | 2.5 |
Foreign taxes less than federal statutory rate |  |  | (3.1 | ) |  |  | (0.6 | ) |  |  | (1.3 | )
Other |  |  | (1.9 | ) |  |  | (2.3 | ) |  |  | (1.8 | )
Effective tax rate |  |  | 32.7 | % |  |  | 34.2 | % |  |  | 34.4 | %
The Company's foreign subsidiaries had income before income taxes for the years ended September 30, 2013, 2012 and 2011 of approximately $23,662, $24,654 and $36,870, respectively. At September 30, 2013, undistributed earnings of foreign subsidiaries for which deferred U.S. income taxes have not been provided approximated $225,084. The Company has not determined the deferred tax liability associated with these undistributed earnings, as such determination is not practicable. The components of deferred tax assets and liabilities at September 30, 2013 and 2012 are as follows:
|  | 2013 |  |  | 2012 |
Deferred tax assets: |  |  |  |  |  |
Postretirement benefits |  | $ | 7,365 |  |  | $ | 11,244 |
Environmental reserve |  |  | 1,903 |  |  |  | 2,217 |
Pension costs |  |  | 19,415 |  |  |  | 30,145 |
Deferred compensation |  |  | 66 |  |  |  | 281 |
Stock options |  |  | 10,690 |  |  |  | 9,653 |
Other |  |  | 24,261 |  |  |  | 24,370 |
|  |  | 63,700 |  |  |  | 77,910 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | (3,693 | ) |  |  | (4,220 | )
Goodwill |  |  | (67,012 | ) |  |  | (57,767 | )
Other |  |  | (1,630 | ) |  |  | (206 | )
|  |  | (72,335 | ) |  |  | (62,193 | )
Net deferred tax asset |  | $ | (8,635 | ) |  | $ | 15,717 |
Changes in the total amount of gross unrecognized tax benefits (excluding penalties and interest) are as follows:
|  | 2013 |  |  | 2012 |  |  | 2011 |
Balance, beginning of year |  | $ | 4,501 |  |  | $ | 4,721 |  |  | $ | 5,215 |
Increases for tax positions of prior years |  |  | - |  |  |  | 742 |  |  |  | - |
Decreases for tax positions of prior years |  |  | (124 | ) |  |  | (74 | ) |  |  | (96 | )
Increases based on tax positions related to the current year |  |  | 708 |  |  |  | 137 |  |  |  | 202 |
Decreases due to settlements with taxing authorities |  |  | (250 | ) |  |  | (602 | ) |  |  | (38 | )
Decreases due to lapse of statute of limitation |  |  | (319 | ) |  |  | (423 | ) |  |  | (562 | )
Balance, end of year |  | $ | 4,516 |  |  | $ | 4,501 |  |  | $ | 4,721 |
The Company had unrecognized tax benefits of $4,516 and $4,501 at September 30, 2013 and 2012, respectively, all of which, if recorded, would impact the annual effective tax rate. It is reasonably possible that the amount of unrecognized tax benefits could change by approximately $72 in the next 12 months primarily due to expiration of statutes related to specific tax positions. The Company classifies interest and penalties on tax uncertainties as a component of the provision for income taxes. For fiscal 2013, the Company included a net increase of $95 in interest and penalties as a component of the provision for income taxes. Total penalties and interest accrued were $2,401 and $2,306 at September 30, 2013 and 2012, respectively. These accruals may potentially be applicable in the event of an unfavorable outcome of uncertain tax positions. The Company is currently under examination in several tax jurisdictions and remains subject to examination until the statute of limitation expires for those tax jurisdictions. As of September 30, 2013, the tax years that remain subject to examination by major jurisdiction generally are:
United States - Federal | 2010 and forward
United States - State | 2009 and forward
Canada | 2008 and forward
Europe | 2005 and forward
United Kingdom | 2010 and forward
Australia | 2009 and forward
Asia | 2008 and forward

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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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