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Note 3 - Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2014				2013				2012
Current:
Federal		$	1,065,000			$	1,011,000			$	1,840,000
State			484,000				(228,000	)			781,000
			1,549,000				783,000				2,621,000
Deferred:
Federal			(1,790,000	)			(30,000	)			(223,000	)
State			(249,000	)			37,000				(38,000	)
			(2,039,000	)			7,000				(261,000	)
		$	(490,000	)		$	790,000			$	2,360,000

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2014				2013				2012
Statutory federal income tax rate			34.0	%			34.0	%			34.0	%
State franchise taxes (net of federal tax benefit)			(38.3	)			5.0				5.8
Business meals/gifts			36.1				1.0				0.2
Domestic production activity deduction			(135.7	)			(2.0	)			(2.6	)
Dividends received deduction			(424.6	)			(10.2	)			(4.2	)
Penalties for uncertain and unrecognized tax benefits			115.5				---				---
Reversal of uncertain tax position			---				---				(3.6	)
Prior year true-up			84.70				---				---
Foreign tax credits			(17.9	)			(0.3	)			(0.3	)
Effect of state rate change on beginning balance of deferred tax liabilities			---				(2.4	)			---
Other			(1.3	)			(7.8	)			0.5
Effective tax rate			(347.5	%)			17.3	%			29.8	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2014				2013				2012
Deferred tax assets attributable to:
Accrued liabilities, including supplemental compensation and vacation pay accrual		$	1,063,000			$	1,083,000			$	1,817,000
Impairment losses on investments			1,779,000				1,778,000				1,135,000
Bad debt reserves not yet deductible			78,000				78,000				80,000
Depreciation and amortization			1,822,000				356,000				49,000
Deferred revenues			1,116,000				---				---
Other			12,000				41,000				262,000
Total deferred tax assets			5,870,000				3,336,000				3,343,000
Deferred tax liabilities attributable to:
Unrealized gains on investments			(48,896,000	)			(34,610,000	)			(20,898,000	)
Goodwill			(495,000	)			---				---
Total deferred tax liabilities			(49,391,000	)			(34,610,000	)			(20,898,000	)
Net deferred income taxes		$	(43,521,000	)		$	(31,274,000	)		$	(17,555,000	)

Summary of Income Tax Contingencies [Table Text Block]

Uncertain Tax Liability
		2014				2013				2012
Beginning balance		$	---			$	---			$	700,000
Added liability for the prior year			2,393,000				---				---
Added liability for the current year			851,000				---				---
Tax payment upon settlement			---				---				(418,000	)
Reduction adjustment		---				---					(282,000	)
Ending balance		$	3,244,000			$	---			$	---

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.

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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.

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