INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2017

Income (loss) before taxes for the fiscal years ended September 30, 2017, 2016, and 2015 is comprised of the following (amounts shown in thousands):



	2017			2016			2015
Domestic	$	4,057		$	2,732		$	1,994
Foreign	(886		)	(774		)	(11		)
Total	$	3,171		$	1,958		$	1,983

For the fiscal years ended September 30, 2017, 2016, and 2015 the income tax (provision) benefit was as follows (amounts shown in thousands):



	2017			2016			2015
Federal—current	$	(127	)	$	(129	)	$	(84	)
Federal—deferred	8,291			—			621
State—current	(20		)	(16		)	(10		)
State—deferred	2,748			—			13
Foreign—current	29			146			3
Total	$	10,921		$	1		$	543

Company's Net Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities as of September 30, 2017 and 2016 are as follows (amounts shown in thousands):



	2017			2016
Deferred tax assets:
Stock based compensation	$	3,671		$	2,898
Net operating loss carryforwards	3,453			7,095
Research credit carryforwards	3,171			44
AMT credit carryforwards	392			279
Foreign net operating losses	386			327
Other, net	770			320
Total deferred assets	11,843			10,963
Deferred tax liabilities:
Intangibles	(393		)	(473		)
Foreign deferred liabilities	(280		)	(356		)
Net deferred tax asset	11,170			10,134
Valuation allowance for net deferred tax assets	(105		)	(10,163		)
Net deferred tax asset (liability)	$	11,065		$	(29	)

Income Taxes Computed Using Federal Income Tax Rate

The difference between the income tax (provision) benefit and income taxes computed using the U.S. federal income tax rate was as follows for the fiscal years ended September 30, 2017, 2016, and 2015 (amounts shown in thousands):



	2017			2016			2015
Amount computed using statutory rate	$	(1,078	)	$	(666	)	$	(674	)
Net change in valuation allowance for net deferred tax assets	10,058			1,889			1,619
AMT and other	20			(148		)	151
Foreign rate differential	(169		)	(70		)	(1		)
Non-deductible items	(370		)	(1,136		)	(182		)
State income tax	(34		)	(15		)	(370		)
Foreign net operating loss	—			147			—
Research and development credits	$	2,494		$	—		$	—
Income tax (provision) benefit	$	10,921		$	1		$	543

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reconciles the beginning and ending amount of unrecognized tax benefits for the fiscal years ended September 30, 2017, 2016, and 2015 (amounts shown in thousands):



	2017		2016		2015
Gross unrecognized tax benefits at the beginning of the year	$	—	$	—	$	—
Additions from tax positions taken in the current year	140		—		—
Additions from tax positions taken in prior years	1,041		—		—
Reductions from tax positions taken in prior years	—		—		—
Tax settlements	—		—		—
Gross unrecognized tax benefits at end of the year	$	1,181	$	—	$	—