Provision for Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the fiscal years ended September 30, 2019 and 2018 consisted of the following (in thousands):

	For the Fiscal Year Ended  September 30,
	2019		2018
Current
U.S. Federal	$	9,780	$	9,380
State	1,132		1,626
Total current	10,912		11,006
Deferred
U.S. Federal	2,203		(1,003)
State	794		522
Total deferred	2,997		(481)
Provision for income taxes	$	13,909	$	10,525

Schedule of Deferred Tax Assets and Liabilities

The Company’s deferred tax assets and liabilities consisted of the following temporary difference tax effects at September 30, 2019 and 2018 (in thousands):

	September 30,
	2019		2018
Deferred tax assets
Allowance for bad debt	$	425	$	444
Amortization of finite-lived intangible assets	487		499
State net operating loss	1,330		1,695
Accrued insurance claims	1,332		1,202
Total deferred tax assets, net	3,574		3,840
Deferred tax liabilities
Amortization of goodwill	(4,278)		(3,925)
Property, plant and equipment	(9,525)		(7,162)
Other	(78)		(63)
Total deferred tax liabilities, net	(13,881)		(11,150)
Net deferred tax assets (liabilities)	$	(10,307)	$	(7,310)

Reconciliation Of Net Deferred Tax Assets (Liabilities)

The following is a reconciliation of net deferred tax assets (liabilities) to amounts reflected on the Company’s Consolidated Balance Sheets at September 30, 2019 and 2018 (in thousands):

	September 30,
	2019		2018
Asset: Deferred income taxes, net	$	1,173	$	1,580
Liability: Deferred income taxes, net	(11,480)		(8,890)
Net deferred tax assets (liabilities)	$	(10,307)	$	(7,310)

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles income taxes based on the U.S. federal statutory tax rate to the Company’s income before provision for income taxes for the fiscal years ended September 30, 2019 and 2018 (in thousands):

	For the Fiscal Year Ended  September 30,
	2019		2018
Provision for income tax at federal statutory rate	$	11,976	$	15,023
State income taxes	1,521		1,622
Change in deferred federal income taxes due to Tax Act	—		(4,552)
Permanent differences	319		(2,282)
Other	93		714
Provision for income taxes	$	13,909	$	10,525