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
	As Restated (See Note 2)
	(in thousands)
Current:
Federal	$	21,928		$	39,641		$	58,736
State and foreign	(10,498		)	1,490			7,667
	11,430			41,131			66,403
Deferred:
Federal	(1,220		)	(17,689		)	1,894
State and foreign	(4,954		)	2,756			(632		)
	(6,174		)	(14,933		)	1,262
Total income tax expense	$	5,256		$	26,198		$	67,665

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
	As Restated (See Note 2)
	(in thousands)
Income taxes at the federal statutory rate	$	8,818		$	28,170		$	74,942
Non-deductible expense related to incentive stock options	—			—			(633		)
State income tax, net of federal benefit	(910		)	1,169			272
Change in valuation allowance	481			681			1,099
Federal tax credits	(124		)	(314		)	(923		)
Foreign tax credit	(2,174		)	(3,263		)	(4,342		)
Foreign rate differential	(445		)	85			(2,842		)
Other	(390		)	(330		)	92
Total income tax expense	$	5,256		$	26,198		$	67,665
Effective tax rate	21		%	33		%	32		%

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
	As Restated (See Note 2)
	(in thousands)
Deferred tax assets:
Albemarle & Bond loss carryforward	$	4,067		$	15,020
Tax over book inventory	15,599			12,520
Accrued liabilities	16,536			15,340
Pawn service charges receivable	3,450			3,450
Tax over book depreciation	1,066			—
State and foreign net operating loss carry-forwards	198			659
Total deferred tax assets	40,916			46,989
Deferred tax liabilities:
Tax over book amortization	—			12,593
Foreign income and dividends	476			5,371
Tax over book depreciation	8,299			2,026
Stock compensation	875			1,442
Prepaid expenses	1,388			1,359
Total deferred tax liabilities	11,038			22,791
Net deferred tax asset	29,878			24,198
Valuation allowance	(164		)	(659		)
Net deferred tax asset	$	29,714		$	23,539