INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Income taxes have been based on the following components of Income before taxes from continuing operations:

	For the Years Ended September 30,
	2022		2021		2020
Domestic	$	(247,004)	$	55,835	$	27,306
Non-U.S.	(23,875)		54,120		40,175
	$	(270,879)	$	109,955	$	67,481

Schedule of Components of Income Tax Expense (Benefit)

Provision (benefit) for income taxes on income was comprised of the following from continuing operations:

	For the Years Ended September 30,
	2022		2021		2020
Current	$	73,542	$	25,890	$	23,915
Deferred	(56,706)		13,763		2,122
Total	$	16,836	$	39,653	$	26,037
U.S. Federal	$	(5,178)	$	14,305	$	7,691
State and local	14,361		7,117		7,204
Non-U.S.	7,653		18,231		11,142
Total provision	$	16,836	$	39,653	$	26,037

Schedule of Effective Income Tax Rate Reconciliation

Differences between the effective income tax rate applied to Income (loss) before taxes from continuing operations and the U.S. Federal statutory income tax rate are presented in the table below. For the fiscal year ended September 30, 2022, the Company reported a pre-tax loss and income tax expense. As a result, unfavorable items to the US Federal statutory income tax rate are presented as negative amounts, while favorable items are presented as positive amounts.

	For the Years Ended September 30,
	2022		2021		2020
U.S. Federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State and local taxes, net of Federal benefit	(5.3)	%	4.8	%	7.9	%
Non-U.S. taxes - foreign permanent items and taxes	(1.5)	%	3.1	%	4.2	%
Change in tax contingency reserves	(0.1)	%	0.2	%	0.2	%
Impact of foreign rate change on deferred tax balances	—	%	2.8	%	—	%
Tax Reform-Repatriation of Foreign Earnings and GILTI	0.2	%	0.4	%	0.3	%
Change in valuation allowance	(1.7)	%	0.4	%	(2.6)	%
Other non-deductible/non-taxable items, net	(0.4)	%	0.4	%	1.4	%
Non-deductible officer's compensation	(1.9)	%	4.0	%	5.5	%
Research and U.S. foreign tax credits	0.2	%	(0.1)	%	1.4	%
Goodwill impairment	(17.1)	%	—	%	—	%
Share based compensation	0.4	%	(2.0)	%	—	%
Other	—	%	1.1	%	(0.7)	%
Effective tax rate	(6.2)	%	36.1	%	38.6	%

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences that give rise to future deferred tax assets and liabilities are as follows:

	At September 30,
	2022		2021
Deferred tax assets:
Bad debt reserves	$	2,873	$	2,066
Inventory reserves	5,005		11,298
Deferred compensation (equity compensation and defined benefit plans)	8,658		10,598
Compensation benefits	4,859		5,269
Insurance reserve	2,660		2,183
Warranty reserve	3,402		3,761
Lease liabilities	49,649		39,378
Net operating loss	20,528		10,706
Tax credits	5,933		7,198
Capital loss carryback	—		2,533
Other reserves and accruals	5,553		7,474
	109,120		102,464
Valuation allowance	(13,490)		(10,425)
Total deferred tax assets	95,630		92,039
Deferred tax liabilities:
Goodwill and intangibles	(25,484)		(46,585)
Property, plant and equipment	(158,074)		(53,817)
Right-of-use assets	(47,949)		(38,511)
Other	(1,224)		(1,232)
Total deferred tax liabilities	(232,731)		(140,145)
Net deferred tax liabilities	$	(137,101)	$	(48,106)

Schedule of Components of Net Deferred Tax Asset Liability by Balance Sheet Account

The components of the net deferred tax liability, by balance sheet account, were as follows:

	At September 30,
	2022		2021
Other assets	$	339	$	323
Other liabilities	(139,417)		(49,289)
Liabilities of discontinued operations	1,977		860
Net deferred liability	$	(137,101)	$	(48,106)

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a roll forward of unrecognized tax benefits:

Balance at September 30, 2020	$	4,180
Additions based on tax positions related to the current year	180
Additions based on tax positions related to prior years	24
Lapse of Statutes	(7)
Balance at September 30, 2021	$	4,377
Additions based on tax positions related to the current year	172
Additions based on tax positions related to prior years(1)	2,298
Lapse of Statutes	(39)
Settlements	—
Balance at September 30, 2022	$	6,808
(1) Relates to unrecognized tax benefits assumed with the acquisition of Hunter.