XML 68 R52.htm IDEA: XBRL DOCUMENT
v3.24.3

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The income tax provision (benefit) consisted of the following:
| 2024 |  | 2023 |  | 2022
Current: |  |  |  |  |
Federal | $ | 2,897 |  |  | $ | 13,967 |  |  | $ | 13,481 |
State | 1,849 |  |  | 4,381 |  |  | 4,676 |
Foreign | 10,480 |  |  | 5,052 |  |  | 10,414 |
| 15,226 |  |  | 23,400 |  |  | 28,571 |
Deferred: |  |  |  |  |
Federal | (15,507) |  |  | (14,466) |  |  | (24,239) |
State | (2,372) |  |  | (1,887) |  |  | (3,895) |
Foreign | (7,344) |  |  | (5,273) |  |  | (4,828) |
| (25,223) |  |  | (21,626) |  |  | (32,962) |
Total | $ | (9,997) |  |  | $ | 1,774 |  |  | $ | (4,391) |
Schedule of 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:
| 2024 |  | 2023 |  | 2022
Federal statutory tax rate | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Effect of state income taxes, net of federal deduction | 1.3 | % |  | 3.8 | % |  | 0.2 | %
Foreign statutory taxes compared to federal statutory rate | 19.6 | % |  | (0.7) | % |  | 1.6 | %
Share-based compensation | (0.7) | % |  | 3.6 | % |  | (1.1) | %
Tax credits (net of withholding taxes) | 3.6 | % |  | (7.0) | % |  | 1.2 | %
Goodwill write-down | (4.9) | % |  | — | % |  | (11.2) | %
Nontaxable income | 5.0 | % |  | (7.5) | % |  | 0.8 | %
Nondeductible held-for-sale asset write-downs | (4.0) | % |  | — | % |  | — | %
Change in realizability of foreign deferred tax assets | (30.7) | % |  | (9.5) | % |  | (5.8) | %
Other | 4.2 | % |  | 0.6 | % |  | (2.5) | %
Effective tax rate | 14.4 | % |  | 4.3 | % |  | 4.2 | %
Schedule of Deferred Tax Assets and Liabilities | The components of deferred tax assets and liabilities at September 30, 2024 and 2023 are as follows:
| 2024 |  | 2023
Deferred tax assets: |  |  |
Pension and postretirement benefits | $ | 6,405 |  |  | $ | 5,544 |
Accruals and reserves not currently deductible | 16,992 |  |  | 11,158 |
Income tax credit carryforward | 5,563 |  |  | 4,970 |
Operating and capital loss carryforwards | 83,234 |  |  | 59,956 |
Stock options | 8,266 |  |  | 8,007 |
Research and development capitalization | 18,299 |  |  | 11,028 |
Operating lease liability | 15,833 |  |  | 18,795 |
Interest carryforward | 10,796 |  |  | 2,017 |
Other | 6,057 |  |  | 999 |
Total deferred tax assets | 171,445 |  |  | 122,474 |
Valuation allowances | (45,462) |  |  | (22,506) |
Net deferred tax assets | 125,983 |  |  | 99,968 |
Deferred tax liabilities: |  |  |
Depreciation | (25,724) |  |  | (23,547) |
Unrealized gains and losses | 21 |  |  | (2,969) |
Goodwill and intangible assets | (95,828) |  |  | (97,415) |
Revenue recognized over time | (27,467) |  |  | (21,226) |
Operating lease right-of-use assets | (15,282) |  |  | (18,153) |
Other | (843) |  |  | (5,644) |
Total deferred tax liabilities | (165,123) |  |  | (168,954) |
Net deferred tax liability | $ | (39,140) |  |  | $ | (68,986) |
Schedule of Unrecognized Tax Benefits Roll Forward | Changes in the total amount of gross unrecognized tax benefits (excluding penalties and interest) are as follows:
| 2024 |  | 2023 |  | 2022
Balance, beginning of year | $ | 3,779 |  |  | $ | 4,123 |  |  | $ | 2,807 |
Increases for tax positions of prior years | 378 |  |  | 100 |  |  | 1,393 |
Decreases for tax positions of prior years | — |  |  | — |  |  | (200) |
Increases based on tax positions related to the current year | 1,044 |  |  | 769 |  |  | 551 |
Decreases due to lapse of statute of limitation | (695) |  |  | (1,213) |  |  | (428) |
Balance, end of year | $ | 4,506 |  |  | $ | 3,779 |  |  | $ | 4,123 |
Summary of Income Tax Contingencies | As of September 30, 2024, the tax years that remain subject to examination by major jurisdiction generally are:
United States - Federal | 2021 and forward
United States - State | 2020 and forward
Canada | 2020 and forward
Germany | 2019 and forward
United Kingdom | 2023 and forward
Australia | 2020 and forward
Singapore | 2020 and forward

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for tax position taken on unrecognized tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_SummaryOfIncomeTaxContingenciesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration