XML 49 R37.htm IDEA: XBRL DOCUMENT v3.22.2.2

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Income Tax Expense (Benefit)

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

			Years Ended September 30,
			2022						2021						2020
Current
Federal			$	8,335					$	4,598					$	215
State and local			2,656						644						560
Total current income tax expense			10,991						5,242						775
Deferred
Federal			2,080						(161)						(1,248)
State and local			1,000						(1,092)						(20)
Total deferred income tax expense (benefit)			3,080						(1,253)						(1,268)
Total income tax expense (benefit)			$	14,071					$	3,989					$	(493)

Schedule of Effective Income Tax Rate Reconciliation

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):

			2022						2021						2020
Federal statutory income tax expense (benefit)			$	12,628					$	7,169					$	(1,429)
State income taxes, net of federal benefit			1,801						716						253
Permanent differences			96						(434)						395
Change in state tax rate			896						(804)						—
Change in valuation allowance			343						(632)						1,273
Tax credits			(1,796)						(1,207)						(945)
Other			103						(819)						(40)
Total income tax expense (benefit)			$	14,071					$	3,989					$	(493)

Schedule of Deferred Tax Assets and Liabilities

The significant components of the Company’s deferred tax assets and liabilities were as follows (in thousands):

			September 30,
			2022						2021
Deferred tax assets:
Net operating loss carryforwards			$	1,022					$	664
Capital loss carryforwards			234						899
Right-of-use assets			626						335
Accrued expenses			240						148
Stock-based compensation			569						—
Other			—						6
Valuation allowance			(984)						(641)
			1,707						1,411
Deferred tax liabilities:
Intangibles			(21,927)						(12,174)
Property and equipment			(10,119)						(8,132)
Prepaid expenses			(205)						(242)
Other			(18)						—
			(32,269)						(20,548)
			$	(30,562)					$	(19,137)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration