INCOME TAXES |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Income Tax Disclosure [Abstract] | |
| INCOME TAXES | 10. INCOME TAXES The Company uses the asset and liability method of accounting for income taxes. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company recognizes the effect on deferred tax assets and liabilities of a change in tax rates in income in the period that includes the enactment date. The Company records valuation allowances based on a determination of the expected realization of tax assets. The Company’s effective tax rates for the three months ended March 31, 2026 and 2025 were 3.8% and 6.9%, respectively. For the three months ended March 31, 2026, the Company’s effective tax rate was primarily driven by discrete nondeductible expenses. For the three months ended March 31, 2025, the Company’s effective tax rate was primarily driven by nondeductible expenses. The Company’s effective tax rates for the six months ended March 31, 2026 and 2025 were 4.6% and 7.2%, respectively. For the six months ended March 31, 2026, the Company’s effective tax rate was primarily driven by a valuation allowance associated with certain deferred tax assets. For the six months ended March 31, 2025, the Company’s effective tax rate was primarily driven by a change in the valuation allowance.
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