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Income Taxes (Tables)

9 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the Company's consolidated provision for income taxes from continuing operations are as follows:

			Three Months Ended June 30,												Nine Months Ended June 30,
			2022						2021						2022						2021
			(In thousands)
Current income tax expense (benefit):
Federal			$	531					$	(780)					$	1,300					$	—
State			184						(229)						308						(232)
Total current income tax expense (benefit)			$	715					$	(1,009)					$	1,608					$	(232)
Deferred income tax expense (benefit):
Federal			$	9,875					$	6,629					$	12,648					$	20,629
State			337						(2,375)						426						(3,444)
Total deferred income tax expense			10,212						4,254						13,074						17,185
Total income tax expense			$	10,927					$	3,245					$	14,682					$	16,953

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:

			Three Months Ended June 30,												Nine Months Ended June 30,
			2022						2021						2022						2021
Tax at statutory rate			21.0		%				21.0		%				21.0		%				21.0		%
Nondeductible compensation			0.2		%				(21.8)		%				0.2		%				(8.5)		%
Transaction costs			—		%				(32.6)		%				—		%				(12.8)		%
Stock compensation			—		%				(0.1)		%				(0.3)		%				(0.1)		%
State income taxes, net of federal benefit			0.8		%				14.9		%				0.9		%				5.8		%
Change in tax status			—		%				—		%				—		%				(30.5)		%
Income subject to taxation by REP LLC's unitholders			—		%				(0.2)		%				—		%				(12.9)		%
Effective income tax rate			22.0		%				(18.8)		%				21.8		%				(38.0)		%

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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