DISCONTINUED OPERATIONS

12 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

In connection with the sale of a real estate loan in March 2006, the Company agreed that in exchange for the property owner relinquishing certain control rights, the Company would make payments to the owner under stipulated circumstances.  On April 7, 2011, the Company was formally notified that a trigger event had occurred on March 17, 2011 and, accordingly, it accrued the present value of $3.4 million for the payout due to the owner under the agreement, which was reflected as a $2.2 million loss, net of tax, from discontinued operations in the consolidated statements of operations. Discontinued operations in fiscal 2012 represent the continuing accretion of that liability. The remaining liability of $862,000 is included in Accrued expenses and other liabilities on the consolidated balance sheets at September 30, 2012 and will be repaid in monthly installments until April 2013.

The discontinued operations for fiscal 2010 primarily reflects the reversal of previously recorded interest and penalty assessments related to IRS tax examinations for fiscal 2004 and 2005, which were settled in fiscal 2010.

The summarized operating results of discontinued operations are as follows (in thousands):

	Years Ended September 30,
	2012			2011			2010
(Loss) income from discontinued operations	$	(90	)	$	(3,387	)	$	622
Benefit for income taxes	32			1,185			—
(Loss) income from discontinued operations, net of tax	$	(58	)	$	(2,202	)	$	622