Provision for Income Taxes |
9 Months Ended |
---|---|
Jun. 30, 2024 | |
Income Tax Disclosure [Abstract] | |
Provision for Income Taxes | Provision for Income Taxes The Company files a consolidated U.S. federal income tax return and income tax returns in various states. Management evaluated the Company’s tax positions based on appropriate provisions of applicable tax laws and regulations and believes that they are supportable based on their specific technical merits and the facts and circumstances of the respective transactions.
The Company’s effective income tax rate for the three months ended June 30, 2024 and 2023 was 24.6% and 24.7%, respectively. The Company’s effective tax rate for the nine months ended June 30, 2024 and 2023 was 24.6% and 25.4%, respectively. The changes in the Company’s effective rates were due to differences in state tax rates at its operating subsidiaries.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The entire disclosure for income tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|