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Income Taxes | 12 Months Ended
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Sep. 30, 2011
Income Taxes [Abstract] |
Income Taxes | 13) Income Taxes Income tax expense is comprised of the following for the indicated periods (in thousands):
|  | Years Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 3,216 |  |  | $ | 726 |  |  | $ | 2,068 |
State |  |  | 3,676 |  |  |  | 1,575 |  |  |  | 1,690 |
Deferred |  |  | 15,831 |  |  |  | 13,331 |  |  |  | (61,355 | )
|  | $ | 22,723 |  |  | $ | 15,632 |  |  | $ | (57,597 | )
The provision for income taxes differs from income taxes computed at the Federal statutory rate as a result of the following:
|  | Years Ended September 30, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Income from continuing operations before taxes |  | $ | 47,067 |  |  | $ | 43,952 |  |  | $ | 73,441 |
Tax at Federal statutory rate |  |  | 16,473 |  |  |  | 15,383 |  |  |  | 25,704 |
Less impact of Partnership income or loss not subject to federal income taxes |  |  | 1,631 |  |  |  | 1,239 |  |  |  | (2,447 | )
State taxes net of federal benefit |  |  | 3,493 |  |  |  | 3,087 |  |  |  | 4,319 |
Permanent Differences |  |  | 54 |  |  |  | (44 | ) |  |  | 52 |
Change in valuation allowance |  |  | 672 |  |  |  | (3,928 | ) |  |  | (86,445 | )
Change in unrecognized tax benefit and other |  |  | 400 |  |  |  | (105 | ) |  |  | 1,220 |
Provision (benefit) for income taxes per income statement |  | $ | 22,723 |  |  | $ | 15,632 |  |  | $ | (57,597 | )
The components of the net deferred taxes and the related valuation allowance for the years ended September 30, 2011 and September 30, 2010 using current tax rates are as follows (in thousands):
|  | Years Ended September 30, |
|  | 2011 |  |  | 2010 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 9,263 |  |  | $ | 19,958 |
Vacation accrual |  |  | 2,687 |  |  |  | 2,624 |
Pension accrual |  |  | 6,308 |  |  |  | 6,889 |
Allowance for bad debts |  |  | 4,328 |  |  |  | 2,909 |
Fair value of derivative instruments |  |  | 3,060 |  |  |  | 2,016 |
Insurance accrual |  |  | 17,520 |  |  |  | 15,530 |
Inventory |  |  | 702 |  |  |  | 968 |
Alternative minimum tax credit carryforward |  |  | 261 |  |  |  | 3,077 |
Other, net |  |  | 2,523 |  |  |  | 2,692 |
Total deferred tax assets |  |  | 46,652 |  |  |  | 56,663 |
Valuation allowance |  |  | (672 | ) |  |  | — |
Net deferred tax assets |  | $ | 45,980 |  |  | $ | 56,663 |
Deferred Tax Liabilities: |  |  |  |  |  |  |  |
Property and equipment |  | $ | 1,077 |  |  | $ | 927 |
Intangibles |  |  | 14,102 |  |  |  | 8,937 |
Total deferred tax liabilities |  | $ | 15,179 |  |  | $ | 9,864 |
Net deferred taxes |  | $ | 30,801 |  |  | $ | 46,799 |
As of the calendar tax year ended December 31, 2010, Star Acquisitions, a wholly-owned subsidiary of the Partnership, had an estimated Federal net operating loss carry forward ("NOL") of approximately $17.5 million. The Federal NOLs, which will expire between 2018 and 2024, are generally available to offset any future taxable income but are also subject to annual limitations on the amount that can be used. FASB ASC 740-10-05-6 Income Taxes topic, Uncertain Tax Position subtopic (SFAS No. 109 and FIN 48), provides financial statement accounting guidance for uncertainty in income taxes and tax positions taken or expected to be taken in a tax return. At September 30, 2011, we had unrecognized income tax benefits totaling $2.5 million including related accrued interest and penalties of $0.4 million. These unrecognized tax benefits are primarily the result of Federal tax uncertainties. If recognized, these tax benefits and related interest and penalties would be recorded as a benefit to the effective tax rate. Tax Uncertainties (in thousands)
Balance at September 30, 2010 |  | $ | 2,234 |
Additions based on tax positions related to the current year |  |  | 197 |
Additions for tax positions of prior years |  |  | 100 |
Reduction for tax positions of prior years |  |  | — |
Reductions due to lapse in statue of limitations/settlements |  |  | (7 | )
Balance at September 30, 2011 |  |  | 2,524 |
We believe that the total liability for unrecognized tax benefits will not materially change during the next 12 months ending September 30, 2012. Our continuing practice is to recognize interest and penalties related to income tax matters as a component of income tax expense. We file U.S. Federal income tax returns and various state and local returns. A number of years may elapse before an uncertain tax position is audited and finally resolved. For our Federal income tax returns we have four tax years subject to examination. In our major state tax jurisdictions of New York, Connecticut, Pennsylvania and New Jersey, we have four, four, five, and five tax years, respectively, that are subject to examination. While it is often difficult to predict the final outcome or the timing of resolution of any particular uncertain tax position, based on our assessment of many factors including past experience and interpretation of tax law, we believe that our provision for income taxes reflect the most probable outcome. This assessment relies on estimates and assumptions and may involve a series of complex judgments about future events.

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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 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: 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=6907707&loc=d3e32559-109319 Reference 6: 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=6907707&loc=d3e32639-109319 Reference 7: 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=6907707&loc=d3e32718-109319 Reference 8: 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=6881521&loc=d3e23780-122690 + Details
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