XML 54 R39.htm IDEA: XBRL DOCUMENT v3.23.3

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of components of income tax expense (benefit)

The Company's expense from income taxes from continuing operations consists of the following for the periods presented:

			Fiscal Year Ended September 30,
in thousands			2023						2022						2021
Current federal			$	—					$	—					$	—
Current state			1,896						4,859						1,126
Deferred federal			18,997						47,239						20,331
Deferred state			3,065						1,173						89
Total expense from income taxes			$	23,958					$	53,271					$	21,546

Schedule of effective income tax rate reconciliation

The Company's expense from income taxes from continuing operations differs from the amount computed by applying the federal income tax statutory rate as follows for the periods presented:

			Fiscal Year Ended September 30,
in thousands			2023						2022						2021
Income tax computed at statutory rate			$	38,356					$	57,538					$	30,182
State income taxes, net of federal benefit			2,874						4,482						1,564
Deferred rate change			665						346						(904)
Permanent differences			2,216						2,952						2,433
Tax credits			(20,287)						(12,081)						(12,088)
Other, net			134						34						359
Total expense from income taxes			$	23,958					$	53,271					$	21,546

Schedule of deferred tax assets and liabilities

The tax effects of significant temporary differences that give rise to the net deferred tax assets are as follows as of September 30, 2023 and 2022:

in thousands			September 30, 2023						September 30, 2022
Deferred tax assets:
Federal and state net operating loss and tax credit carryforwards			$	138,856					$	149,299
Incentive compensation			11,422						12,914
Warranty and other reserves			6,918						7,091
Inventory adjustments			3,942						6,716
Intangible assets			—						1,515
Property, equipment and other assets			1,276						771
Uncertain tax positions			705						705
Other			2,504						2,743
Total deferred tax assets			165,623						181,754
Valuation allowance			(30,438)						(25,396)
Total deferred tax assets, net of valuation allowance			$	135,185					$	156,358
Deferred tax liabilities:
Intangible assets			(1,236)						—
Total deferred tax liabilities			(1,236)						—
Net deferred tax assets			133,949						156,358

Schedule of unrecognized tax benefits roll forward

A reconciliation of our unrecognized tax benefits is as follows for the beginning and end of each period presented:

			Fiscal Year Ended September 30,
in thousands			2023						2022						2021
Balance at beginning of year			$	3,358					$	3,358					$	3,441
Additions for tax positions related to current year			—						—						—
Additions for tax positions related to prior years			—						—						—
Reductions in tax positions of prior years			—						—						—
Lapse of statute of limitations			—						—						(83)
Balance at end of year			$	3,358					$	3,358					$	3,358

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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-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://fasb.org/us-gaap/role/ref/legacyRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-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/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-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