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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2024
Income Tax Disclosure [Abstract]  
Schedule of components of income tax expense (benefit)
Year Ended September 30,
202420232022
Current:
Federal$73.1 $49.1 $28.0 
State17.8 10.9 5.2 
Foreign0.7 0.9 0.4 
91.6 60.9 33.6 
Deferred:
Federal(7.1)(4.9)(3.4)
State(1.6)(1.1)(0.6)
Foreign— — — 
(8.7)(6.0)(4.0)
Income tax expense$82.9 $54.9 $29.6 
Schedule of effective income tax rate reconciliation
Year Ended September 30,
202420232022
Computed tax at federal statutory rate (21%)
$69.2 $46.3 $30.6 
Income tax expense attributable to NCI— — (7.6)
State income taxes, net of effect on federal tax13.5 8.4 4.7 
Transaction costs— — 2.0 
Other, net (none in excess of 5% of computed tax)0.2 0.2 (0.1)
Income tax expense$82.9 $54.9 $29.6 
Schedule of deferred tax assets and liabilities
September 30, 2024September 30, 2023
AssetsLiabilitiesNetAssetsLiabilitiesNet
Accrued liabilities$6.7 $— $6.7 6.0 — 6.0 
Accrued vacation, incentive and severance5.0 — 5.0 3.1 — 3.1 
Capitalized research and development
4.7 — 4.7 2.3 — 2.3 
Inventory4.2 — 4.2 4.4 — 4.4 
Stock-based compensation awards3.0 — 3.0 2.2 — 2.2 
Lease liabilities1.0 — 1.0 1.4 — 1.4 
Intangible assets— (10.9)(10.9)— (13.9)(13.9)
ROU assets— (1.0)(1.0)— (1.4)(1.4)
Property— (0.2)(0.2)— (0.3)(0.3)
Total deferred income taxes
$24.6 $(12.1)$12.5 $19.4 $(15.6)$3.8