Income Taxes (Tables)

12 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Components of income tax provision

The following table shows the significant components of the income tax provision from continuing operations:

	Fiscal Year Ended September 30,
	2013			2012			2011
	(in thousands)
Current
Federal	$	38,599		$	60,343		$	49,744
State and foreign	5,954			9,108			3,052
	44,553			69,451			52,796
Deferred
Federal	(17,772		)	3,337			13,408
State and foreign	2,794			(1,536		)	268
	(14,978		)	1,801			13,676
	$	29,575		$	71,252		$	66,472

Provision for income taxes attributable to continuing operations

The following table shows a reconciliation of income taxes calculated at the statutory rate and the provision for income taxes attributable to continuing operations:

	Fiscal Year Ended September 30,
	2013			2012			2011
	(in thousands)
Income taxes at the federal statutory rate	$	31,959		$	77,789		$	65,969
Non-deductible expense related to incentive stock options	—			(633		)	—
State income tax, net of federal benefit	1,093			349			2,728
Change in valuation allowance	659			2,242			1,425
Federal tax credits	(314		)	(922		)	(167		)
Foreign tax credit	(3,263		)	(4,342		)	(4,356		)
Effect of permanently reinvesting foreign earnings	(606		)	(3,820		)	—
Other	47			589			873
Total provision	$	29,575		$	71,252		$	66,472
Effective tax rate	32		%	32		%	35		%

Significant components of deferred tax assets and liabilities

The following table shows significant components of our deferred tax assets and liabilities:

	September 30,
	2013			2012
	(in thousands)
Deferred tax assets:
Albemarle & Bond write-down reversal	$	15,921		$	—
Tax over book inventory	12,521			3,904
Accrued liabilities	13,879			14,334
Pawn service charges receivable	3,450			3,937
Stock compensation	—			974
State and foreign net operating loss carry-forwards	659			3,845
Total deferred tax assets	46,430			26,994
Deferred tax liabilities:
Tax over book amortization	12,593			10,833
Foreign income and dividends	5,411			3,864
Tax over book depreciation	2,928			1,912
Stock compensation	1,441			—
Prepaid expenses	1,359			1,082
Total deferred tax liabilities	23,732			17,691
Net deferred tax asset	22,698			9,303
Valuation allowance	(659		)	(2,242		)
Net deferred tax asset	$	22,039		$	7,061