Income Taxes (Tables)

6 Months Ended

Mar. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the Company's consolidated provision for income taxes from continuing operations are as follows:

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
	(In thousands)
Current income tax expense:
Federal	$	768	$	780	$	768	$	780
State	11		363		124		(2)
Total current income tax expense	779		1,143		892		778
Deferred income tax expense (benefit):
Federal	(2,894)		14,006		2,775		14,006
State	1		(918)		88		(1,068)
Total deferred income tax expense (benefit)	(2,893)		13,088		2,863		12,938
Total income tax expense (benefit)	$	(2,114)	$	14,231	$	3,755	$	13,716

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:

	Three Months Ended March 31,				Six Months Ended March 31,
	2022		2021		2022		2021
Tax at statutory rate	21.0	%	21.0	%	21.0	%	21.0	%
Nondeductible compensation	(0.4)	%	(0.3)	%	0.3	%	(0.2)	%
Transaction costs	—	%	(0.4)	%	—	%	(0.3)	%
Stock compensation	1.9	%	—	%	(1.4)	%	0.1	%
State income taxes, net of federal benefit	0.4	%	(2.5)	%	0.9	%	—	%
Change in tax status	—	%	(71.6)	%	—	%	(49.6)	%
Income subject to taxation by REP LLC's unitholders	—	%	(20.9)	%	—	%	(20.9)	%
Effective income tax rate	22.9	%	(74.7)	%	20.8	%	(49.9)	%