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Income Taxes (Tables)
 12 Months Ended
Sep. 30, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Expense (Benefit)

Income tax expense (benefit) consisted of the following (in thousands):

 

     2021       2020       2019 
   Years Ended September 30, 
   2021   2020   2019 
             
Current               
Federal  $

4,598

   $215   $1,886 
State and local   

644

    560    1,037 
Total current income tax expense   

5,242

    775    2,923 
                
Deferred               
Federal   

(161

)   (1,248)   913 
State and local   (1,092)   (20)   (92)
Total deferred income tax expense (benefit)   (1,253)   (1,268)   821 
                
Total income tax expense (benefit)  $

3,989

   $(493)  $3,744 
Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) differs from the “expected” income tax expense computed by applying the U.S. federal statutory rate to earnings before income taxes for the years ended September 30 as a result of the following (in thousands):

 

     2021       2020       2019 
   Years Ended September 30, 
   2021   2020   2019 
Federal statutory income tax expense (benefit)  $7,169   $(1,429)  $5,080 
State income taxes, net of federal benefit   716    253    672 
Permanent differences   (434)   395    45 

Change in state tax rate

   (804)   -    - 
Change in valuation allowance   (632)   1,273    - 
Tax credits   (1,207)   (945)   (900)
Other   (819)   (40)   (1,153)
Total income tax expense (benefit)  $3,989   $(493)  $3,744 
Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands):

 

     2021       2020 
   September 30, 
   2021   2020 
Deferred tax assets:          
Patron tax  $-   $349 
Capital loss carryforwards   899    1,263 
Net operating loss carryforwards   

664

    - 
Other   247    2,046 
Valuation allowance   (641)   (1,273)
 Net deferred tax assets   1,169    2,385 
Deferred tax liabilities:          
Intangibles   (12,174)   (14,106)
Property and equipment   (8,132)   (8,669)
 Deferred tax liabilities   (20,306)   (22,775)
Net deferred tax liability  $(19,137)  $(20,390)
Schedule of Uncertain Tax Positions

The following table shows the changes in the Company’s uncertain tax positions (in thousands):

 

                       
   Years Ended September 30, 
   2021   2020   2019 
Balance at beginning of year  $-   $-   $165 
Additions for tax positions of prior years   -    -    - 
Decrease related to settlements with taxing authorities   -    -    - 
Reduction due to lapse from closed examination   -    -    (165)
Balance at end of year  $-   $-   $-