Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

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,
	2014			2013			2012
	(in thousands)
Current:
Federal	$	24,286		$	38,606		$	60,256
State and foreign	8,493			5,954			9,108
	32,779			44,560			69,364
Deferred:
Federal	(6,866		)	(17,772		)	3,337
State and foreign	(5,107		)	2,794			(1,536		)
	(11,973		)	(14,978		)	1,801
Total income tax expense	$	20,806		$	29,582		$	71,165

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,
	2014			2013			2012
	(in thousands)
Income taxes at the federal statutory rate	$	25,369		$	31,959		$	77,789
Non-deductible expense related to incentive stock options	—			—			(633		)
State income tax, net of federal benefit	765			1,093			349
Change in valuation allowance	164			659			2,242
Federal tax credits	(124		)	(314		)	(922		)
Foreign tax credit	(2,174		)	(3,263		)	(4,342		)
Effect of permanently reinvesting foreign earnings	(3,322		)	(606		)	(3,820		)
Other	128			54			502
Total income tax expense	$	20,806		$	29,582		$	71,165
Effective tax rate	29		%	29		%	31		%

Significant components of deferred tax assets and liabilities

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

	September 30,
	2014			2013
	(in thousands)
Deferred tax assets:
Albemarle & Bond loss carryforward	$	5,736		$	15,921
Tax over book inventory	15,250			12,521
Accrued liabilities	18,875			13,879
Pawn service charges receivable	143			3,450
Book over tax amortization	1,581			—
State and foreign net operating loss carry-forwards	198			659
Total deferred tax assets	41,783			46,430
Deferred tax liabilities:
Tax over book amortization	—			12,593
Foreign income and dividends	476			5,411
Tax over book depreciation	5,669			2,928
Stock compensation	74			1,441
Prepaid expenses	1,388			1,359
Total deferred tax liabilities	7,607			23,732
Net deferred tax asset	34,176			22,698
Valuation allowance	(164		)	(659		)
Net deferred tax asset	$	34,012		$	22,039