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Income Taxes	9 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	14. INCOME TAXES The Company calculates the interim tax provision in accordance with the provisions of Accounting Standards Codification (“ASC”) 740-270, Income Taxes; Interim Reporting, specifically ASC-740-270-25-2. For interim periods, the Company estimates the annual effective income tax rate (“AETR”) and applies the estimated rate to the year-to-date income or loss before income taxes. The effective income tax rates for the three months ended June 30, 2021 and 2020 were 28.8% and 4.8%, respectively, and for the nine months ended June 30, 2021 and 2020 were 26.5% and 6.8%. The increase in the effective income tax rate for the three and nine months ended June 30, 2021, as compared to the three and nine months ended June 30, 2020, is primarily driven by the impact of the decreased forecasted non-deductible compensation costs in the current year. The Company adopted ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory, on October 1, 2019. The updated guidance requires companies to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Income tax effects of intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.

Income Taxes

9 Months Ended

Jun. 30, 2021

14. INCOME TAXES

The Company calculates the interim tax provision in accordance with the provisions of Accounting Standards Codification (“ASC”) 740-270, Income Taxes; Interim Reporting, specifically ASC-740-270-25-2. For interim periods, the Company estimates the annual effective income tax rate (“AETR”) and applies the estimated rate to the year-to-date income or loss before income taxes. The effective income tax rates for the three months ended June 30, 2021 and 2020 were 28.8% and 4.8%, respectively, and for the nine months ended June 30, 2021 and 2020 were 26.5% and 6.8%. The increase in the effective income tax rate for the three and nine months ended June 30, 2021, as compared to the three and nine months ended June 30, 2020, is primarily driven by the impact of the decreased forecasted non-deductible compensation costs in the current year.

The Company adopted ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory, on October 1, 2019. The updated guidance requires companies to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Income tax effects of intra-entity transfers of inventory will continue to be deferred until the inventory has been sold to a third party. The adoption of this standard did not have a material impact on the Company’s Consolidated Financial Statements.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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