XML 29 R17.htm IDEA: XBRL DOCUMENT

Income Taxes

3 Months Ended

Dec. 31, 2020

9.Income Taxes

The following table summarizes the Company’s income tax benefit or expense and effective income tax rate for the three months ended December 31, 2020 and 2019.

	Three Months Ended December 31,
	2020			2019
(Loss) before income taxes	$	(15.8	)	$	(17.5	)
Income tax (benefit)		(3.8	)		(4.9	)
Effective income tax rate		24.1	%		28.0	%

The decrease in the effective tax rate for the three months ended December 31, 2020 when compared to the three months ended December 31, 2019, is primarily related to changes in state tax rates that were enacted in the quarter.

- 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 + Details