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Income Taxes
 12 Months Ended
Sep. 30, 2012
Income Tax Disclosure [Abstract]  
Income Taxes

8. Income Taxes.

 

The provision for income taxes for continuing operations for fiscal years ended September 30 consists of the following (in thousands):

 

   2012  2011  2010
 Current:                
   Federal   $2,834    3,249    3,162 
   State    437    566    119 
      3,271    3,815    3,281 
 Deferred    1,538    483    682 
                  
 Total   $4,809    4,298    3,963 

 

A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands):

 

   2012  2011  2010
Amount computed at statutory               
  Federal rate  $4,256    3,864    3,760 
State income taxes (net of Federal               
  income tax benefit)   562    473    460 
Other, net   (9)   (39)   (257)
Provision for income taxes  $4,809    4,298    3,963 

 

In this reconciliation, the category “Other, net” consists of changes in unrecognized tax benefits, permanent tax differences related to non-deductible expenses, special tax rates and tax credits, interest and penalties, and adjustments to prior year estimates.

 

The types of temporary differences and their related tax effects that give rise to deferred tax assets and deferred tax liabilities at September 30, are presented below (in thousands):

 

   2012  2011
Deferred tax liabilities          
 Property and equipment  $18,535    17,014 
 Depletion   453    436 
 Unrealized rents   1,608    1,384 
 Prepaid expenses   1,913    1,639 
  Gross deferred tax liabilities   22,509    20,473 
Deferred tax assets:          
 Insurance liabilities   1,744    2,104 
 Employee benefits and other   2,508    1,651 
Gross deferred tax assets   4,252    3,755 
Net deferred tax liability  $18,257    16,718 

 

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

 

   2012  2011
           
Balance at October 1  $51    83 
Reductions due to lapse of statute of limitations   (51)   (32)
Balance at September 30  $-    51 

 

The Company files income tax returns in the U.S. and various states which are subject to audit for up to five years after filing.