Provision for Income Taxes (Tables)

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The provision for income taxes for the fiscal years ended September 30, 2020 and 2019 consisted of the following (in thousands):

	For the Fiscal Year Ended  September 30,
	2020		2019
Current
U.S. Federal	$	8,960	$	9,780
State	490		1,132
Total current	9,450		10,912
Deferred
U.S. Federal	2,222		2,203
State	1,088		794
Total deferred	3,310		2,997
Provision for income taxes	$	12,760	$	13,909

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, 2020 and 2019 (in thousands):

	September 30,
	2020		2019
Deferred tax assets
Allowance for bad debt	$	527	$	425
Amortization of finite-lived intangible assets	405		487
State net operating loss	664		1,330
Accrued insurance claims	1,583		1,332
Other	593		0
Total deferred tax assets, net	3,772		3,574
Deferred tax liabilities
Amortization of goodwill	(5,048)		(4,278)
Property, plant and equipment	(12,341)		(9,525)
Other	—		(78)
Total deferred tax liabilities, net	(17,389)		(13,881)
Net deferred tax assets (liabilities)	$	(13,617)	$	(10,307)

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, 2020 and 2019 (in thousands):

	September 30,
	2020		2019
Asset: Deferred income taxes, net	$	386	$	1,173
Liability: Deferred income taxes, net	(14,003)		(11,480)
Net deferred tax assets (liabilities)	$	(13,617)	$	(10,307)

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, 2020 and 2019 (in thousands):

	For the Fiscal Year Ended  September 30,
	2020		2019
Provision for income tax at federal statutory rate	$	11,142	$	11,976
State income taxes	1,272		1,521
Permanent differences	330		319
Other	16		93
Provision for income taxes	$	12,760	$	13,909