Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Components Of (Loss) Income Before IncomeTaxes

The Company’s components of (loss) income before income taxes are as follows:

	Year Ended September 30,
	2014			2013			2012
(Loss) income before income taxes
Domestic	$	(11,671,000	)	$	23,019,000		$	16,936,000
Foreign		(6,229,000	)		(3,449,000	)		(420,000	)
Total	$	(17,900,000	)	$	19,570,000		$	16,516,000

Summary of Income Tax (Benefit) Expense From Operations

Income tax (benefit) expense from operations is comprised of the following:

	Year Ended September 30,
	2014			2013		2012
Current federal (benefit) expense	$	(74,000	)	$	124,000	$	(10,000	)
Current state expense		633,000			693,000		500,000
Foreign tax expense		228,000			—		—
Deferred federal (benefit) expense		(5,489,000	)		6,251,000		4,737,000
Deferred state (benefit) expense		(578,000	)		2,022,000		176,000
Total	$	(5,280,000	)	$	9,090,000	$	5,403,000

Summary of Income Tax Provision Computed by Applying Statutory Federal Income Tax Rate to Income (Losses) from Continuing Operations Before Income Taxes

The income tax provision differs from the amount computed by applying the statutory federal income tax rate to (losses) income from continuing operations before income taxes as follows:

	Year Ended September 30,
	2014			2013			2012
Tax (benefit) expense computed at statutory rate of 35%	$	(6,265,000	)	$	6,850,000		$	5,781,000
Change in valuation allowance		1,506,000			1,265,000			—
State income tax (benefit) expense, net of federal tax		32,000			1,486,000			433,000
Foreign losses		(1,506,000	)		(987,000	)		—
Transaction costs		332,000			—			(1,353,000	)
Other		621,000			476,000			542,000
Income tax (benefit) expense	$	(5,280,000	)	$	9,090,000		$	5,403,000

Principal Components of Net Deferred Tax Liability

The principal components of the Company’s net deferred tax liability are as follows:

	September 30,
	2014			2013
Deferred tax assets:
Deferred revenue	$	297,000		$	1,255,000
Restricted stock		756,000			390,000
Workers’ compensation		148,000			224,000
State tax net operating loss (NOL) carry forward		792,000			802,000
Federal tax NOL carry forward		11,205,000			9,012,000
Foreign tax NOL carry forward		2,441,000			952,000
Self-insurance		286,000			286,000
Canadian start-up costs		337,000			405,000
AMT credit carry forward		312,000			310,000
Other		565,000			166,000
Total gross deferred tax assets		17,139,000			13,802,000
Less valuation allowance		(2,771,000	)		(1,265,000	)
Total net deferred tax assets		14,368,000			12,537,000
Deferred tax liabilities:
Property and equipment		(42,199,000	)		(46,563,000	)
Total deferred tax liabilities		(42,199,000	)		(46,563,000	)
Net deferred tax liability	$	(27,831,000	)	$	(34,026,000	)
Current portion of net deferred tax asset/liability	$	5,977,000		$	1,664,000
Non-current portion of net deferred tax asset/liability		(33,808,000	)		(35,690,000	)
Total net deferred tax liability	$	(27,831,000	)	$	(34,026,000	)