Income Taxes

6 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

9. Income Taxes

The following table summarizes the Company’s income tax (benefit) and effective income tax rate for the three and six months ended March 31, 2023 and 2022.

	Three Months Ended March 31,						Six Months Ended March 31,
	2023			2022			2023			2022
(Loss) income before income taxes	$	(29.7	)	$	0.6		$	(54.1	)	$	(16.8	)
Income tax (benefit)		(7.7	)		(0.1	)		(13.2	)		(4.7	)
Effective income tax rate		25.9	%		-16.7	%		24.4	%		28.0	%

The increase in the effective tax rate for the three months ended March 31, 2023 when compared to the three months ended March 31, 2022, is primarily attributable to the increase in pre-tax book loss period over period.

The decrease in the effective tax rate for the six months ended March 31, 2023 when compared to the six months ended March 31, 2022, is primarily attributable to the distribution of pre-tax earnings across legal entities as well as the expense related to the vesting of restricted stock units that was recorded discretely in the current period.