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Income Taxes | 12 Months Ended
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Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Income Taxes |
| 9. | Income Taxes.
The provision for income taxes for continuing operations for fiscal years ended September 30 consists of the following (in thousands):
|  |  |  |  | 2016 |  |  |  | 2015 |  |  |  | 2014 |
| Current: |  |  |  |  |  |  |  |  |  |  |  |  |
| Federal |  |  | $ | 4,807 |  |  |  | 1,803 |  |  |  | 2,820 |
| State |  |  |  | 1,165 |  |  |  | 524 |  |  |  | 1,083 |
|  |  |  |  | 5,972 |  |  |  | 2,327 |  |  |  | 3,903 |
| Deferred |  |  |  | 1,879 |  |  |  | 1,568 |  |  |  | (342 | )
| Total |  |  | $ | 7,851 |  |  |  | 3,895 |  |  |  | 3,561 |
A reconciliation between the amount of tax shown above and the amount computed at the statutory Federal income tax rate follows (in thousands):
|  |  | 2016 |  |  |  | 2015 |  |  |  | 2014 |
Amount computed at statutory |  |  |  |  |  |  |  |  |  |  |  |
Federal rate |  | $ | 6,797 |  |  |  | 3,396 |  |  |  | 3,020 |
State income taxes (net of Federal |  |  |  |  |  |  |  |  |  |  |  |
income tax benefit) |  |  | 1,002 |  |  |  | 504 |  |  |  | 520 |
Other, net |  |  | 52 |  |  |  | (5 | ) |  |  | 21 |
Provision for income taxes |  | $ | 7,851 |  |  |  | 3,895 |  |  |  | 3,561 |
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):
|  |  | 2016 |  |  |  | 2015 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Property and equipment |  | $ | 15,197 |  |  |  | 13,100 |
Depletion |  |  | 526 |  |  |  | 496 |
Unrealized rents |  |  | 1,823 |  |  |  | 1,881 |
Prepaid expenses |  |  | 913 |  |  |  | 278 |
Gross deferred tax liabilities |  |  | 18,459 |  |  |  | 15,755 |
Deferred tax assets: |  |  |  |  |  |  |  |
Employee benefits and other |  |  | 2,023 |  |  |  | 1,214 |
Gross deferred tax assets |  |  | 2,023 |  |  |  | 1,214 |
Net deferred tax liability |  | $ | 16,436 |  |  |  | 14,541 |
The Company has no unrecognized tax benefits. FRP tax returns in the U.S. and various states that include the Company are subject to audit by taxing authorities. As of September 30, 2016, the earliest tax year that remains open for audit in the Unites States is 2010.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32559-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 4: 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=65882285&loc=d3e32639-109319 Reference 5: 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=65882285&loc=d3e32537-109319 + Details
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