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Income Taxes
 9 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
 
The components of federal and state income taxes included in the Consolidated Statements of Income are as follows (in thousands): 
                                                         
Nine Months Ended 
 June 30,
                                                         
2015
 
2014
Current Income Taxes 
 

 
 

Federal                                              
$
27,311

 
$
31,496

State                                                  
14,195

 
11,736

 
 
 
 
Deferred Income Taxes                                
 

 
 

Federal                                               
(134,369
)
 
90,693

State                                                    
(63,747
)
 
28,702

 
(156,610
)
 
162,627

Deferred Investment Tax Credit                            
(311
)
 
(326
)
 
 
 
 
Total Income Taxes                                      
$
(156,921
)
 
$
162,301

Presented as Follows:
 

 
 

Other Income
(311
)
 
(326
)
Income Tax Expense (Benefit)
(156,610
)
 
162,627

 
 
 
 
Total Income Taxes
$
(156,921
)
 
$
162,301



Total income taxes as reported differ from the amounts that were computed by applying the federal income tax rate to income (loss) before income taxes.  The following is a reconciliation of this difference (in thousands): 
 
Nine Months Ended 
 June 30,
 
2015
 
2014
U.S. Income (Loss) Before Income Taxes
$
(348,645
)
 
$
404,284

 
 

 
 

Income Tax Expense (Benefit), Computed at U.S. Federal Statutory Rate of 35%
$
(122,026
)
 
$
141,499

 
 
 
 
Increase (Reduction) in Taxes Resulting from:
 

 
 

State Income Taxes
(32,209
)
 
26,285

Miscellaneous
(2,686
)
 
(5,483
)
 
 
 
 
Total Income Taxes
$
(156,921
)
 
$
162,301


 
During the quarter ended June 30, 2015, the balance of unrecognized tax benefits increased by $1.5 million as a result of a position taken on the recently filed federal tax return.  Approximately $5.1 million of the remaining balance of unrecognized tax benefits would favorably impact the effective tax rate, if recognized.  It is reasonably possible that a reduction of $5.1 million of the balance of uncertain tax positions may occur as a result of potential settlements with taxing authorities within the next twelve months.