Income Taxes (Tables)

12 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Components of income tax provision

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

	Fiscal Year Ended September 30,
	2015			2014			2013
	(in thousands)
Current:
Federal	$	(6,149	)	$	10,060		$	23,437
State and foreign	2,000			(11,132		)	593
	(4,149		)	(1,072		)	24,030
Deferred:
Federal	(5,643		)	(1,220		)	(17,689		)
State and foreign	(16,903		)	(4,954		)	2,756
	(22,546		)	(6,174		)	(14,933		)
Total income tax (benefit) expense	$	(26,695	)	$	(7,246	)	$	9,097

Reconciliation of income taxes calculated at the statutory rate and the provision for income taxes

The following table presents 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,
	2015			2014			2013
	(in thousands)
Income taxes (benefit) at the federal statutory rate	$	(31,798	)	$	(3,933	)	$	11,071
Non-deductible expense related to incentive stock options	13			—			—
State income tax, net of federal benefit	(701		)	(1,543		)	271
Change in valuation allowance	6,055			481			680
Federal tax credits	(4,567		)	(124		)	(314		)
Foreign tax credit and valuation allowance	(3,440		)	(2,174		)	(3,263		)
Tax basis balance sheet adjustment	4,488			—			—
Effect of permanently reinvesting foreign earnings	880			(445		)	86
Other	2,375			492			566
Total income tax (benefit) expense	$	(26,695	)	$	(7,246	)	$	9,097
Effective tax rate	29		%	64		%	29		%

Significant components of deferred tax assets and liabilities

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

	September 30,
	2015			2014
	(in thousands)
Deferred tax assets:
Albemarle & Bond loss carryforward	$	—		$	4,067
Cash Converters International impairment	10,438			—
Tax over book inventory	11,402			15,599
Accrued liabilities	31,034			16,536
Pawn service charges receivable	—			3,450
Book over tax depreciation	4,988			—
Book over tax amortization	—			1,066
Prepaid expenses	2,316			—
Stock compensation	431			—
Foreign tax credit	4,567			—
Foreign income and dividends	9,767			—
State and foreign net operating loss carry-forwards	14,904			198
Total deferred tax assets	89,847			40,916
Deferred tax liabilities:
Tax over book amortization	14,507			—
Foreign income and dividends	—			476
Tax over book depreciation	—			8,299
Stock compensation	—			875
Prepaid expenses	—			1,388
Total deferred tax liabilities	14,507			11,038
Net deferred tax asset	75,340			29,878
Valuation allowance	(6,219		)	(164		)
Net deferred tax asset	$	69,121		$	29,714