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INCOME TAXES (Tables) | 12 Months Ended
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Sep. 30, 2014
INCOME TAXES [Abstract] |
Provision for Income Taxes | The provision for income taxes consisted of the following:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 7,371 |  |  | $ | 15,703 |  |  | $ | 14,060 |
State |  |  | 3,612 |  |  |  | 3,423 |  |  |  | 2,483 |
Foreign |  |  | 10,427 |  |  |  | 4,804 |  |  |  | 6,437 |
|  |  | 21,410 |  |  |  | 23,930 |  |  |  | 22,980 |
Deferred |  |  | 1,395 |  |  |  | 2,244 |  |  |  | 5,375 |
Total |  | $ | 22,805 |  |  | $ | 26,174 |  |  | $ | 28,355 |
Reconciliation of Federal Statutory Tax Rate to Consolidated Effective Tax Rate | The reconciliation of the federal statutory tax rate to the consolidated effective tax rate was as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Federal statutory tax rate |  |  | 35.0 | % |  |  | 35.0 | % |  |  | 35.0 | %
Effect of state income taxes, net of federal deduction |  |  | 3.8 |  |  |  | 2.7 |  |  |  | 2.1 |
Foreign taxes less than federal statutory rate |  |  | (2.1 | ) |  |  | (3.1 | ) |  |  | (0.6 | )
Other |  |  | (2.2 | ) |  |  | (2.0 | ) |  |  | (2.3 | )
Effective tax rate |  |  | 34.5 | % |  |  | 32.6 | % |  |  | 34.2 | %
Deferred Tax Assets and Liabilities | The components of deferred tax assets and liabilities at September 30, 2014 and 2013 are as follows:
|  | 2014 |  |  | 2013 |
Deferred tax assets: |  |  |  |  |  |
Pension and postretirement benefits |  | $ | 34,309 |  |  | $ | 26,780 |
Accruals and reserves not currently deductible |  |  | 28,090 |  |  |  | 20,939 |
Income tax credit carryforward |  |  | 9,839 |  |  |  | - |
Operating and capital loss carryforwards |  |  | 25,419 |  |  |  | 3,733 |
Stock options |  |  | 8,366 |  |  |  | 10,691 |
Other |  |  | 21,089 |  |  |  | 8,034 |
Total deferred tax assets |  |  | 127,112 |  |  |  | 70,177 |
Valuation allowances |  |  | (24,540 | ) |  |  | (2,234 | )
Net deferred tax assets |  |  | 102,572 |  |  |  | 67,943 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Depreciation |  |  | (7,651 | ) |  |  | (3,693 | )
Goodwill and intangible assets |  |  | (183,685 | ) |  |  | (67,012 | )
Other |  |  | (18,590 | ) |  |  | (1,630 | )
|  |  | (209,926 | ) |  |  | (72,335 | )
Net deferred tax liability |  | $ | (107,354 | ) |  | $ | (4,392 | )
Changes in Gross Unrecognized Tax Benefits | Changes in the total amount of gross unrecognized tax benefits (excluding penalties and interest) are as follows:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Balance, beginning of year |  | $ | 4,516 |  |  | $ | 4,501 |  |  | $ | 4,721 |
Increase from acquisition |  |  | 385 |  |  |  | - |  |  |  | - |
Increases for tax positions of prior years |  |  | 369 |  |  |  | - |  |  |  | 742 |
Decreases for tax positions of prior years |  |  | (863 | ) |  |  | (124 | ) |  |  | (74 | )
Increases based on tax positions related to the current year |  |  | 623 |  |  |  | 708 |  |  |  | 137 |
Decreases due to settlements with taxing authorities |  |  | (12 | ) |  |  | (250 | ) |  |  | (602 | )
Decreases due to lapse of statute of limitation |  |  | (707 | ) |  |  | (319 | ) |  |  | (423 | )
Balance, end of year |  | $ | 4,311 |  |  | $ | 4,516 |  |  | $ | 4,501 |
Summary of Income Tax Contingencies | 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, 2014, the tax years that remain subject to examination by major jurisdiction generally are:
United States - Federal | 2011 and forward
United States - State | 2010 and forward
Canada | 2009 and forward
Europe | 2008 and forward
United Kingdom | 2012 and forward
Australia | 2010 and forward
Asia | 2008 and forward

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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=6907707&loc=d3e32639-109319 + Details
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