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Income Taxes | 9 Months Ended
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Jun. 30, 2024
Income Tax Disclosure [Abstract] |
Income Taxes | Income Taxes Income taxes were a benefit of $1.4 million and an expense of $378,000 during the three and nine months ended June 30, 2024, respectively, compared to $2.3 million and $7.4 million during the three and nine months ended and June 30, 2023, respectively. The effective income tax rate was 21.5% and 12.0% for the three and nine months ended June 30, 2024 compared to 20.1% and 21.6% for the three and nine months ended June 30, 2023, respectively. The disproportionate tax rates during the nine months ended June 30, 2024, were caused by the decrease in the expected annual effective tax rate. Our effective income tax rate is affected by state taxes, permanent differences, and tax credits, including the FICA tip credit, for both years, and the pretax loss in the three months ended June 30, 2024, as presented below.
| For the Three Months Ended June 30, |  | For the Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Federal statutory income tax expense | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal benefit | 3.2 | % |  | 2.1 | % |  | 4.3 | % |  | 3.4 | %
Permanent differences | (0.3) | % |  | 0.5 | % |  | 3.2 | % |  | 0.5 | %
Tax credits | (2.3) | % |  | (3.7) | % |  | (16.8) | % |  | (3.4) | %
Other | (0.1) | % |  | 0.1 | % |  | 0.3 | % |  | 0.1 | %
Total income tax expense | 21.5 | % |  | 20.1 | % |  | 12.0 | % |  | 21.6 | %
The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various states. Fiscal year ended September 30, 2021 and subsequent years remain open to federal tax examination. The Company ordinarily goes through various federal and state reviews and examinations for various tax matters.

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