XML 38 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
INCOME TAXES
 6 Months Ended
Mar. 31, 2013
Income Tax Disclosure [Abstract]  
Income Tax Disclosure [Text Block]

10. INCOME TAXES

 

Income tax expense on continuing operations for the periods presented differs from the “expected” federal income tax expense computed by applying the U.S. federal statutory rate of 34% to earnings before income taxes for the three months ended December 31, as a result of the following:

 

  For the Three Months  For the Six Months 
  Ended March 31,  Ended March 31, 
  2013  2012  2013  2012 
Computed expected tax expense $1,500  $1,153  $2,958  $2,340 
State income taxes  56   35   111   70 
Stock option disqualifying dispositions                
and other permanent differences  59   (54)  130   (68)
Total income tax expense $1,615  $1,134  $3,199  $2,342 

 

Included in the Company’s deferred tax liabilities at March 31, 2013 is approximately $17.1 million representing the tax effect of indefinite lived intangible assets from club acquisitions which are not deductible for tax purposes. These deferred tax liabilities will remain in the Company’s balance sheet until the related clubs are sold.