v3.26.1
INCOME TAXES (Tables)
 12 Months Ended
Sep. 30, 2025
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:
For the Years Ended September 30,
202520242023
Domestic$83,154 $329,276 $263,215 
Non-U.S.90 2,817 4,110 
$83,244 $332,093 $267,325 
Schedule of Components of Income Tax Expense (Benefit)
Provision (benefit) for income taxes on income was comprised of the following:
For the Years Ended September 30,
202520242023
Current$95,218 $88,449 $84,638 
Deferred(32,221)(1,952)(6,694)
Total$62,997 $86,497 $77,944 
U.S. Federal$45,395 $68,788 $56,261 
State and local17,507 16,974 17,932 
Non-U.S.95 735 3,751 
Total provision$62,997 $86,497 $77,944 
Schedule of Effective Income Tax Rate Reconciliation
Differences between the effective income tax rate applied to Income before taxes and the U.S. Federal statutory income tax rate are presented in the table below.
For the Years Ended September 30,
202520242023
U.S. Federal statutory income tax rate21.0 %21.0 %21.0 %
State and local taxes, net of Federal benefit8.0 %3.7 %4.6 %
Non-U.S. taxes - foreign permanent items and taxes0.1 %— %0.1 %
Change in tax contingency reserves— %(0.5)%(0.2)%
Tax Reform-Repatriation of Foreign Earnings and GILTI(1.4)%(0.3)%0.3 %
Change in valuation allowance— %— %1.0 %
Other non-deductible/non-taxable items, net1.4 %— %— %
Non-deductible officer's compensation8.5 %1.7 %2.2 %
Research and U.S. foreign tax credits(1.1)%(0.2)%(0.3)%
Goodwill impairment41.8 %— %— %
Share based compensation(3.4)%(0.2)%0.5 %
Other0.8 %0.8 %— %
Effective tax rate75.7 %26.0 %29.2 %
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,
20252024
Deferred tax assets:
Bad debt reserves$2,103 $2,491 
Inventory reserves8,219 7,086 
Deferred compensation (equity compensation and defined benefit plans)6,739 7,036 
Compensation benefits6,121 5,052 
Insurance reserve1,918 2,411 
Restructuring reserve826 2,616 
Warranty reserve4,392 5,130 
Lease liabilities46,454 47,824 
Net operating loss27,750 25,299 
Tax credits5,933 5,933 
Research & development
10,329 4,510 
Other reserves and accruals5,160 5,167 
125,944 120,555 
Valuation allowance(30,703)(26,989)
Total deferred tax assets95,241 93,566 
Deferred tax liabilities:
Goodwill and intangibles(99,174)(126,523)
Property, plant and equipment(19,872)(19,903)
Right-of-use assets(43,498)(45,112)
Unremitted foreign earnings
(1,514)(1,896)
Other(1,068)(723)
Total deferred tax liabilities(165,126)(194,157)
Net deferred tax liabilities$(69,885)$(100,591)
Schedule of Components of Net Deferred Tax Asset Liability by Balance Sheet Account
The components of the net deferred tax liability, by balance sheet account, were as follows:
At September 30,
20252024
Other assets$— $— 
Assets held for sale209 495 
Other liabilities(65,066)(99,864)
Liabilities held for sale(5,028)(1,222)
Net deferred liability$(69,885)$(100,591)
Schedule of Unrecognized Tax Benefits Roll Forward
The following is a roll forward of unrecognized tax benefits:
Balance at September 30, 2023$6,292 
Additions based on tax positions related to the current year154 
Additions based on tax positions related to prior years
35 
Reductions based on tax positions related to prior years(2,735)
Lapse of Statutes(140)
Balance at September 30, 2024$3,606 
Additions based on tax positions related to the current year39 
Additions based on tax positions related to prior years11 
Reductions based on tax positions related to prior years(130)
Lapse of Statutes(440)
Balance at September 30, 2025
$3,086