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Income Taxes (Tables)
9 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate

 

The calculation of the effective tax rate is as follows (in thousands):

 

Three months ended June 30,

 

 

Nine months ended June 30,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Income before income taxes

$

6,058

 

 

$

12,234

 

 

$

10,846

 

 

$

13,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax provision

 

1,164

 

 

 

5,185

 

 

 

844

 

 

 

10,573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

4,894

 

 

$

7,049

 

 

$

10,002

 

 

$

3,127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective tax rate

 

19

%

 

 

42

%

 

 

8

%

 

 

77

%

 

 

Nine months ended June 30,

 

 

2016

 

 

2015

 

Statutory rate

 

35

%

 

 

35

%

Foreign valuation allowance

 

(11

)

 

 

76

 

Research and development credit

 

(12

)

 

 

(34

)

State income taxes, net of federal benefit

 

1

 

 

 

2

 

Rate differential and other

 

(5

)

 

 

(2

)

Effective tax rate

 

8

%

 

 

77

%