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Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2014
Income Tax Disclosure [Abstract] |
Provision for Income Tax Expense | The provision for income tax expense consists of:
|  | Years Ended September 30, |
|  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | 667,000 |  |  | $ | (48,000 | )
State |  |  | 65,000 |  |  |  | 146,000 |
Total current |  |  | 732,000 |  |  |  | 98,000 |
Deferred |  |  |  |  |  |  |  |
Federal |  |  | 190,000 |  |  |  | (447,000 | )
State |  |  | 18,000 |  |  |  | (43,000 | )
Total deferred |  |  | 208,000 |  |  |  | (490,000 | )
Income tax expense (benefit) |  | $ | 940,000 |  |  | $ | (392,000 | )
Reconciliation of the Federal Statutory Tax Rate to the Total Tax Provision | A reconciliation of the federal statutory tax rate to the total tax provision is as follows:
|  | Years Ended September 30, |
|  | 2014 |  |  | 2013 |
Federal income taxes computed at the statutory rate |  |  | 34.0 | % |  |  | 34.0 | %
State income taxes, net of federal benefit |  |  | 3.3 | % |  |  | 3.3 | %
Research & development tax refunds & credits |  |  | (5.6 | %) |  |  | (33.6 | %)
Dividend received deduction |  |  | (6.1 | %) |  |  | (3.0 | %)
Domestic international sales corporation benefits |  |  | (4.2 | %) |  |  | (1.8 | %)
Tax-exempt interest income |  |  | (1.8 | %) |  |  | (1.4 | %)
Other, net |  |  | 1.7 | % |  |  | (3.7 | %)
Effective income tax rate |  |  | 21.3 | % |  |  | (6.2 | %)
Deferred Tax Assets and Liabilities | Deferred tax assets and liabilities consist of the following:
|  | Years Ended September 30, |
|  | 2014 |  |  | 2013 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Accrued liabilities and reserves |  | $ | 288,000 |  |  | $ | 338,000 |
Allowance for doubtful accounts |  |  | 91,000 |  |  |  | 115,000 |
Inventory |  |  | 186,000 |  |  |  | 202,000 |
R&D tax credits carryforwards |  |  | 671,000 |  |  |  | 805,000 |
Non-deductible stock compensation |  |  | 194,000 |  |  |  | 178,000 |
Net operating losses carryforwards |  |  | 58,000 |  |  |  | 59,000 |
Other |  |  | 24,000 |  |  |  | 57,000 |
Gross Deferred Tax Assets |  |  | 1,512,000 |  |  |  | 1,754,000 |
Deferred and Other Tax Liabilities: |  |  |  |  |  |  |  |
Unrealized gain on investments |  |  | (798,000 | ) |  |  | (736,000 | )
Percentage of completion |  |  | (104,000 | ) |  |  | — |
Property, plant and equipment |  |  | (964,000 | ) |  |  | (1,179,000 | )
Unrecognized tax benefits |  |  | (300,000 | ) |  |  | (300,000 | )
Other |  |  | (39,000 | ) |  |  | (23,000 | )
Gross Deferred and Other Tax Liabilities |  |  | (2,205,000 | ) |  |  | (2,238,000 | )
Net Deferred Income and Other Tax Liabilities |  | $ | (693,000 | ) |  | $ | (484,000 | )

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- 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 + Details
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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 + Details
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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 + Details
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