XML 44 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Components of Income Taxes Provision (Benefit)

The components of our provision (benefit) from income taxes consisted of the following for the fiscal years ended September 30,

		2015				2016				2017
		(Amounts in thousands)
Current provision:
Federal		$	209			$	496			$	2,321
State			87				73				(366	)
Total current provision		$	296			$	569			$	1,955
Deferred provision (benefit):
Federal			(22,056	)			11,691				10,190
State			(5,654	)			(52	)			2,116
Total deferred provision (benefit)			(27,710	)			11,639				12,306
Total income tax provision (benefit)		$	(27,414	)		$	12,208			$	14,261

Summary of Tax Rates

Below is a reconciliation of the statutory federal income tax rate to our effective tax rate for the fiscal years ended September 30,

		2015				2016				2017
Federal tax provision (benefit)			35.0	%			35.0	%			35.0	%
State taxes, net of federal effect			3.2	%			3.6	%			4.4	%
Worthless stock deduction			—				—				(4.8	)%
Stock based compensation			0.4	%			(0.5	)%			0.2	%
Valuation allowance			(171.5	)%			(3.2	)%			(0.1	)%
Foreign rate differential			0.3	%			0.5	%			2.4	%
Other			1.3	%			(0.3	)%			0.6	%
Effective tax rate			(131.3	)%			35.1	%			37.7	%

Components of Deferred Tax Assets

Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for income tax purposes.  The tax effects of these temporary differences representing the components of deferred tax assets as of September 30,

		2016				2017
		(Amounts in thousands)
Deferred tax assets:
Inventories		$	1,095			$	1,028
Accrued expenses			919				521
Depreciation and amortization			1,497				—
Stock based compensation			3,566				4,121
Tax loss carryforwards			13,879				3,901
Other			573				593
Valuation allowance			(454	)			(246	)
Total Long-term deferred tax assets			21,075				9,918
Deferred tax liabilities:
Depreciation and amortization			—				(1,149	)
Total long-term deferred tax liabilities		$	—			$	(1,149	)
Net deferred tax assets		$	21,075			$	8,769

Summary of Reconciliation of Unrecognized Tax Benefits

The reconciliation of the total amount recorded for unrecognized tax benefits at the beginning and end of the fiscal years ended September 30, 2016 and 2017 is as follows:

		2016				2017
		(Amounts in thousands)
Unrecognized tax benefits at the beginning of the year		$	244			$	254
Increases in tax positions for prior years		$	10			$	10
Decreases in tax positions for prior years			-				(264	)
Unrecognized tax benefits at the end of the year		$	254			$	-

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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum: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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration