XML 127 R32.htm IDEA: XBRL DOCUMENT v3.25.2

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consists of the following:

		Year Ended September 30,
		2024				2023				2022
		(in thousands)
Current
Federal		$	—			$	—			$	—
State			761				560				231
		$	761			$	560			$	231
Deferred
Federal			(494	)			(7,392	)			(47,879	)
State			252				(1,913	)			(4,342	)
		$	(242	)		$	(9,305	)		$	(52,221	)
Provision/(Benefit) for income taxes		$	519			$	(8,745	)		$	(51,990	)

Schedule of Reconciliation between Effective Tax Rate Income from Continuing Operations and Statutory Rate

The reconciliation between the effective tax rate on income from continuing operations and the statutory tax rate is as follows:

		Year Ended September 30,
		2024				2023				2022
		(in thousands)
Income tax (benefit) provision at federal statutory rate		$	(19,004	)		$	(26,555	)		$	(49,280	)
(Reduction) increase in income taxes resulting from:
State taxes, net of federal tax benefit			(1,321	)			(2,062	)			(3,953	)
Nondeductible stock compensation expenses			173				313				251
Permanent items			232				225				206
Change in valuation allowances			20,141				18,201				(22	)
162(m) limitation			67				285				11
Impact of changing rates on deferred tax assets			501				499				(247	)
Expired tax attributes			(612	)			200				964
Other			342				149				80
Income tax provision (benefit)		$	519			$	(8,745	)		$	(51,990	)

Schedule of Components of Deferred Taxes

The components of the Company’s deferred taxes as of September 30, 2024 and 2023 are as follows:

		Year Ended September 30,
		2024				2023
		(in thousands)
Net operating loss carryforwards		$	114,366			$	125,306
Deferred credits			695				1,057
Other accrued expenses			1,562				1,234
Prepaids and other			252				556
Warrant liabilities			5,767				5,748
Other reserves and estimated losses			1,090				937
Operating lease liabilities			2,306				2,991
Deferred revenue			2,217				4,829
Interest expense carryforward			9,258				6,457
Gross deferred tax assets		$	137,512			$	149,115
Less: valuation allowance			(41,648	)			(21,102	)
Total net deferred tax assets		$	95,864			$	128,013
Operating lease right-of-use assets			(1,883	)			(2,475	)
Property and equipment			(102,253	)			(131,805	)
Unrealized loss/(gain) on equity investments			98				(2,148	)
Total deferred tax liabilities		$	(104,037	)		$	(136,427	)
Net deferred tax liabilities		$	(8,173	)		$	(8,414	)

Schedule of Reconciliation of Total Amounts of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits:

		Year Ended September 30,
		2024				2023
		(in thousands)
Unrecognized tax benefits—October 1		$	4,866			$	4,866
Gross decreases—tax positions in prior period			—				—
Gross increases—tax positions in prior period			—				—
Unrecognized tax benefits—September 30		$	4,866			$	4,866

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ 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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ 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://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

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

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

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