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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense It is the Company’s policy to recognize interest and/or penalties related to income tax matters in income tax expense.
Year ended September 30, 
2018 2017 2016 
Current: 
Federal tax expense $668 $— $— 
State tax expense 351 121 246 
Deferred 
Federal tax (benefit) (685)— — 
State tax expense (benefit) 56 (3)
Income tax expense $337 $177 $243 
Schedule of Effective Income Tax Rate Reconciliation
A reconciliation of income tax expense from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows:
Year ended September 30,
201820172016
Expected U.S. federal income taxes at statutory rate$(1,139)24.6 %$370 34.3 %$(629)34.0 %
Partnership income not taxed at federal level294 (6.4)%(1,352)(125.3)%(3,103)167.7 %
Valuation allowance965 (20.9)%914 84.7 %3,679 (198.9)%
State and local income taxes, net of federal benefit295 (6.4)%177 16.4 %244 (13.2)%
Nondeductible expenses398 (8.6)%67 6.2 %47 (2.5)%
Federal tax rate change(471)10.2 %— — %— — %
Other (5)0.1 %0.1 %(0.3)%
Income tax expense$337 (7.3)%$177 16.4 %$243 (13.1)%
Schedule of Deferred Tax Assets and Liabilities Net deferred taxes as of September 30, 2018 and 2017 were as follows:
September 30,
2018 2017 
Deferred tax assets: 
Investment in partnership $21,958 $— 
Stock-based compensation 186 — 
Tax Receivable Agreement 193 — 
Deferred revenue 571 — 
Accrued expenses 29 
Intangible assets — 68 
Net operating loss carryforwards 103 94 
Other 33 10 
Gross deferred tax assets 23,073 175 
Valuation allowance (21,360)(93)
Deferred tax liabilities: 
Intangible assets $(1,656)$— 
Other (5)(4)
Net deferred tax asset $52 $78