INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2018

INCOME TAXES

Schedule of components of the provision (benefit) for income taxes

	Year Ended September 30,
	2018		2017		2016
	(in thousands)
Current:
Federal	$	757	$	(36,260)	$	(86,010)
Foreign		6,492		4,108		9,987
State		2,340		(472)		(3,742)
		9,589		(32,624)		(79,765)
Deferred:
Federal		(508,256)		(14,953)		58,136
Foreign		7,415		(7,827)		408
State		14,083		(1,331)		1,544
		(486,758)		(24,111)		60,088
Total benefit	$	(477,169)	$	(56,735)	$	(19,677)

Schedule of domestic and foreign income (loss) before income taxes

	Year Ended September 30,
	2018		2017		2016
	(in thousands)
Domestic	$	27,436	$	(173,157)	$	(49,636)
Foreign		(11,595)		(11,441)		(23,031)
	$	15,841	$	(184,598)	$	(72,667)

Schedule of effective income tax rates as compared to the U.S. Federal income tax rate

	Year Ended September 30,
	2018		2017		2016
U.S. Federal income tax rate	24.5	%	35.0	%	35.0	%
Effect of foreign taxes	87.8		1.8		(13.8)
State income taxes, net of federal tax benefit	68.8		0.6		3.2
U.S. domestic production activities	—		(2.1)		(10.4)
Remeasurement of deferred tax related to Tax Reform Act	(3,169.4)		—		—
Other impact of foreign operations	(43.4)		(2.9)		14.7
Non-deductible meals and entertainment (1)	8.2		—		—
Equity compensation (1)	(5.3)		—		—
Officer's compensation (1)	1.7		—		—
Contingent consideration adjustment (1)	10.7		—		—
Other (1)	4.1		(1.7)		(1.6)
Effective income tax rate	(3,012.3)	%	30.7	%	27.1	%

(1) For fiscal years 2017 and 2016, “other” reflects adjustments for non-deductible meals and entertainment, equity compensation, officer’s compensation and contingent consideration.

Schedule of components of net deferred tax liabilities

	September 30,
	2018		2017
	(in thousands)
Deferred tax liabilities:
Property, plant and equipment	$	904,734	$	1,386,512
Available-for-sale securities		10,464		24,940
Other		12,787		21,609
Total deferred tax liabilities		927,985		1,433,061
Deferred tax assets:
Pension reserves		3,477		7,614
Self-insurance reserves		13,100		19,461
Net operating loss, foreign tax credit, and other federal tax credit carryforwards		55,889		62,478
Financial accruals		45,708		62,971
Other		4,888		6,003
Total deferred tax assets		123,062		158,527
Valuation allowance		(48,213)		(58,155)
Net deferred tax assets		74,849		100,372
Net deferred tax liabilities	$	853,136	$	1,332,689

Schedule of reconciliation of the change in the entity's gross unrecognized tax benefits

	September 30,
	2018		2017
	(in thousands)
Unrecognized tax benefits at October 1,	$	4,773	$	9,551
Gross increases - tax positions in prior periods		3		—
Gross decreases - tax positions in prior periods		—		(1)
Gross decreases - current period effect of tax positions		(280)		(170)
Gross increases - current period effect of tax positions		10,537		300
Expiration of statute of limitations for assessments		(128)		(4,907)
Unrecognized tax benefits at September 30,	$	14,905	$	4,773