INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of income before income taxes

Income before income taxes was as follows:

	Year Ended September 30,
	2020		2019		2018
Domestic	$	94,002	$	(45,364)	$	46,254
Foreign	79,345		108,470		115,457
Total	$	173,347	$	63,106	$	161,711

Taxes on income

Taxes on income consisted of the following:

	Year Ended September 30,
	2020		2019		2018
U.S. federal and state:
Current	$	20,733	$	23,461	$	14,698
Deferred	(7,048)		(23,182)		10,347
Total	13,685		279		25,045
Foreign:
Current	21,053		27,580		26,135
Deferred	(4,219)		(3,968)		488
Total	16,834		23,612		26,623
Total U.S. and foreign	$	30,519	$	23,891	$	51,668

Income tax rate reconciliation

The Provision for income taxes at our effective tax rate differed from the statutory rate as follows:

	Year Ended September 30,
	2020		2019		2018
Federal statutory rate	21.0	%	21.0	%	24.5	%
U.S. benefits from research and experimentation activities	(1.5)		(2.9)		(0.8)
State taxes, net of federal effect	1.1		(4.7)		0.1
Foreign income at other than U.S. rates	1.7		10.3		1.2
Excess compensation	0.4		6.4		0.4
Share-based compensation	(2.2)		(7.2)		(4.3)
U.S. tax reform	—		14.1		11.2
Global Intangible Low Taxed Income ("GILTI")	—		3.1		—
Foreign derived intangible income	(3.4)		(3.9)		—
Change in reserve positions	1.9		0.3		(0.5)
Other, net	(1.4)		1.4		0.2
Provision for income taxes	17.6	%	37.9	%	32.0	%

Reconciliation of gross unrecognized ftax benefits

The following table presents the changes in the balance of gross unrecognized tax benefits during the last three fiscal years:

Balance September 30, 2017	$	2,270
Additions for tax positions relating to the current fiscal year	263
Additions for tax positions relating to prior fiscal years	116
Lapse of statute of limitations	(1,215)
Balance September 30, 2018	1,434
Additions for tax positions relating to the current fiscal year	271
Additions for tax positions relating to prior fiscal years	9,839
Balance September 30, 2019	11,544
Additions for tax positions relating to the current fiscal year	4,691
Additions for tax positions relating to prior fiscal years	140
Reduction for tax positions relating to prior fiscal years	(1,337)
Balance September 30, 2020	$	15,038

Significant components of deferred tax assets and liabilities

Significant components of net deferred tax assets and liabilities were as follows:

	September 30,
	2020		2019
Deferred tax assets:
Employee benefits	$	8,920	$	5,719
Inventory	4,657		3,811
Accrued expenses	2,615		4,202
Share-based compensation expense	5,709		5,215
Credit and other carryforwards	5,803		9,743
Interest rate swap	8,506		5,412
Other	1,238		1,088
Valuation allowance	(2,948)		(2,574)
Total deferred tax assets	$	34,500	$	32,616
Deferred tax liabilities:
Depreciation and amortization	$	131,237	$	140,092
Withholding on transition taxes	4,156		6,026
Other	3,606		1,926
Total deferred tax liabilities	$	138,999	$	148,044