Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes was as follows during fiscal 2019, 2018 and 2017: 

	Year ended September 30,
	2019			2018			2017
				As Adjusted			As Adjusted
	(In thousands)
Current:
Federal	$	1,299		$	8,071		$	19,576
State	(423		)	2,236			1,055
Foreign	15,371			9,559			8,486
	16,247			19,866			29,117
Deferred:
Federal	7,003			13,987			(8,523		)
State	947			132			(296		)
Foreign	(249		)	(3,535		)	2,571
	7,701			10,584			(6,248		)
Total provision	$	23,948		$	30,450		$	22,869

Deferred Tax Assets and Liabilities

Deferred tax assets and liabilities at September 30, 2019 and 2018 were as follows: 

	September 30,
	2019			2018
				As Adjusted
	(In thousands)
Deferred tax assets:
Loss and credit carryforwards	$	26,702		$	24,377
Compensation benefits	23,931			30,388
Other assets	9,393			10,735
	60,026			65,500
Less valuation allowance	(19,231		)	(19,564		)
Total deferred tax assets	40,795			45,936
Deferred tax liabilities:
Intangible assets	(15,114		)	(15,921		)
Deferred Commission	(7,920		)	(6,368		)
Property and equipment	(3,511		)	(2,616		)
Other liabilities	(8,244		)	(7,226		)
Total deferred tax liabilities	(34,789		)	(32,131		)
Deferred tax assets, net	$	6,006		$	13,805

Reconciliation Between Federal Statutory Income Tax Rate and Effective Tax Rate

A reconciliation of the provision for income taxes, with the amount computed by applying the U.S. federal statutory income tax rate (21% in fiscal 2019, 24.5% in fiscal 2018, and 35% in fiscal 2017) to income before provision for income taxes for fiscal 2019, 2018 and 2017 is shown below:

	Year Ended September 30,
	2019			2018			2017
				As Adjusted			As Adjusted
	(In thousands)
Income tax provision at U.S. federal statutory rate	$	45,375		$	38,495		$	54,699
State income taxes, net of U.S. federal benefit	4,194			2,755			2,072
Foreign tax rate differential	839			(649		)	(4,082		)
Intercompany interest	—			—			(477		)
Research credits	(5,761		)	(3,486		)	(2,572		)
Domestic production deduction	—			(2,421		)	(2,759		)
Amended returns/audit settlements/statute expirations	(2,268		)	(2,349		)	(1,296		)
Foreign	11,177			4,040			935
Valuation allowance	(333		)	1,907			2,512
Foreign tax credit	(464		)	1,320			(1,342		)
Excess tax benefits relating to stock-based compensation	(24,891		)	(22,253		)	(24,746		)
Tax effect of the Tax Act	—			16,719			—
Other	(3,920		)	(3,628		)	(75		)
Recorded income tax provision	$	23,948		$	30,450		$	22,869

Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 

	Year Ended September 30,
	2019			2018			2017
	(In thousands)
Gross unrecognized tax benefits at beginning of year	$	6,113		$	6,480		$	6,799
Gross increases for tax positions in prior years	509			404			57
Gross decreases for tax positions in prior years	(611		)	—			(19		)
Gross increases based on tax positions related to the current year	1,439			1,625			1,291
Decreases for settlements and payments	(637		)	—			(151		)
Decreases due to statue expiration	(979		)	(2,396		)	(1,497		)
Gross unrecognized tax benefits at end of year	$	5,834		$	6,113		$	6,480