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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2015

Components of Income Tax Expense

Income tax expense is comprised of the following for the indicated periods (in thousands):

		Years Ended September 30,
		2015				2014				2013
Current:
Federal		$	28,793			$	19,747			$	14,486
State			8,143				4,909				3,759
Deferred			(4,101	)			659				1,676
		$	32,835			$	25,315			$	19,921

Provision for Income Taxes Differs from Income Taxes

The provision for income taxes differs from income taxes computed at the Federal statutory rate as a result of the following (in thousands):

		Years Ended September 30,
		2015				2014				2013
Income from continuing operations before taxes		$	70,391			$	61,399			$	49,827
Provision for income taxes:
Tax at Federal statutory rate		$	24,637			$	21,490			$	17,440
Impact of Partnership loss not subject to federal income taxes			3,228				628				97
State taxes net of federal benefit			4,922				3,310				3,192
Permanent differences			78				57				37
Deferred tax benefit			(3,179	)			—				—
Change in valuation allowance			3,027				—				(658	)
Change in unrecognized tax benefit			81				(113	)			55
Other			41				(57	)			(242	)
		$	32,835			$	25,315			$	19,921

Components of Net Deferred Taxes

The components of the net deferred taxes for the years ended September 30, 2015 and September 30, 2014 using current tax rates are as follows (in thousands):

		September 30,
		2015				2014
Deferred tax assets:
Net operating loss carryforwards		$	7,367			$	5,490
Vacation accrual			3,295				2,970
Pension accrual			9,244				2,964
Allowance for bad debts			2,654				3,661
Fair value of derivative instruments			6,773				5,000
Insurance accrual			24,682				22,823
Inventory capitalization			1,038				865
Alternative minimum tax credit carryforward			266				261
Other, net			1,630				2,060
Total deferred tax assets			56,949				46,094
Valuation allowance			(3,027	)			—
Net deferred tax assets		$	53,922			$	46,094
Deferred tax liabilities:
Property and equipment		$	2,831			$	2,383
Inventory costing method			497				256
Intangibles			34,286				30,495
Total deferred tax liabilities		$	37,614			$	33,134
Net deferred taxes		$	16,308			$	12,960

Tax Benefits Recorded as a Benefit to Effective Tax Rate

Tax Uncertainties (in thousands)
Balance at September 30, 2014		$	900
Additions for tax positions of prior years			124
Reductions due to final settlement of uncertain tax matter			(1,024	)
Balance at September 30, 2015		$	—

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=6907707&loc=d3e32639-109319

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- 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=6907707&loc=d3e32537-109319

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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://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=6907707&loc=d3e32687-109319

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- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: 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

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