Income Taxes |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | 9. INCOME TAXES: We account for income taxes in accordance with FASB ASC 740, “Income Taxes” (“ASC 740”). Under ASC 740, we recognize deferred tax assets and liabilities for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. We measure deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which we expect those temporary differences to be recovered or settled. We record valuation allowances to reduce our deferred tax assets to the amount expected to be realized by considering all available positive and negative evidence. During the three months ended March 31, 2026 and 2025, we recognized an income tax benefit of $1.1 million and an income tax provision of $1.4 million, respectively. During the six months ended March 31, 2026 and 2025, we recognized an income tax benefit of $3.9 million and an income tax provision of $3.5 million, respectively. The effective income tax rate for the three months ended March 31, 2026 and 2025 was 28.9% and 30.7%, respectively. The effective income tax rate for the six months ended March 31, 2026 and 2025 was 26.7% and 14.1%, respectively. The increase in the effective income tax rate is due mainly to non-cash tax benefits related to the change in tax status of certain foreign entities recorded during the six months ended March 31, 2025. |