XML 30 R19.htm IDEA: XBRL DOCUMENT
v3.7.0.1

INCOME TAXES | 9 Months Ended
--- | ---
Jun. 30, 2017
Income Tax Disclosure [Abstract] |
INCOME TAXES | NOTE L – INCOME TAXES The Company records income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities: (i) are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns; (ii) are attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases; and (iii) are measured using enacted tax rates expected to apply in the years when those temporary differences are expected to be recovered or settled. Where applicable, deferred tax assets are reduced by a valuation allowance for any portions determined not likely to be realized. The valuation allowance is assessed by management on a quarterly basis and adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. In assessing whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, management considers projections of future taxable income, the projected periods in which current temporary differences will be deductible, the availability of carry forwards, feasible and permissible tax planning strategies and existing tax laws and regulations. Due to the uncertainty of the Company's ability to realize the benefit of certain deferred tax assets within statutory time limits, the net deferred tax assets are partially offset by a valuation allowance at June 30, 2017, the amount of which has not materially changed from that in place at September 30, 2016. A reconciliation of income tax between the amounts calculated based upon pre-tax income at the Company’s federal statutory rate and the amounts reflected in the consolidated statements of operations are as follows:
|  | For the Three Months |  |  | For the Nine Months |
|  | Ended June 30, |  |  | Ended June 30, |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
|  | (Dollars in thousands) |
Income tax expense at 34% |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
statutory federal tax rate |  | $ | 169 |  |  | $ | 136 |  |  | $ | 546 |  |  | $ | 403 |
State tax expense |  |  | 30 |  |  |  | 36 |  |  |  | 94 |  |  |  | 112 |
Other |  |  | 11 |  |  |  | (23 | ) |  |  | 30 |  |  |  | (71 | )
Income tax expense |  | $ | 210 |  |  | $ | 149 |  |  | $ | 670 |  |  | $ | 444 |

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 The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration