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133 - Disclosure - INCOME TAXES (Tables)
(http://www.iasishealthcare.com/taxonomy/role/NotesToFinancialStatementsIncomeTaxDisclosureTextBlockTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Income Tax Disclosure [Abstract]Period [Axis]
2015-10-01 - 2016-09-30
Income Tax Disclosure [Abstract]
 
Summary of Income Tax Expense (Benefit) on Earnings from Continuing Operations

Income tax expense (benefit) on earnings from continuing operations consists of the following (in thousands):

 

     Year Ended
September 30,
 
     2016      2015      2014  

Current:

        

Federal

   $ 2,035       $ (5,474 )     $ (8,560 ) 

State

     1,620         2,973         2,343   

Deferred:

        

Federal

     (24,318 )       9,760         5,582   

State

     (1,381 )       190         (1,829 ) 
  

 

 

    

 

 

    

 

 

 
   $ (22,044 )     $ 7,449       $ (2,464 ) 
  

 

 

    

 

 

    

 

 

 
 
 
Reconciliation of Federal Statutory Rate to Effective Income Tax Rate Applied to Earnings from Continuing Operations Before Income Taxes

A reconciliation of the federal statutory rate to the effective income tax rate applied to earnings from continuing operations before income taxes is as follows:

 

     Year Ended
September 30,
 
     2016     2015     2014  

Federal statutory rate

     35.0 %      35.0 %      35.0 % 

State income taxes, net of federal income tax benefit

     0.6        7.6        (344.4 ) 

Nondeductible goodwill impairment charge

     (3.3 )      —          —     

Nondeductible compensation

     —          —          (2,430.2 ) 

Nondeductible HIF

     (3.9 )      29.4        1,476.4   

Excess cumulative stock-based compensation over recognized tax benefit

     0.0        1.6        1,238.9   

Capitalized transaction costs

     0.0        3.1        —     

Other nondeductible expenses

     (0.3 )      3.0        324.4   

Federal tax credits

     0.4        (1.3 )      (44.2 ) 

Income attributable to non-controlling interests

     2.8        (31.9 )      (2,879.8 ) 

Change in unrecognized tax benefits

     0.5        (0.4 )      217.9   

Change in valuation allowance

     (16.1 )      6.9        580.3   

Other items, net

     0.2        (0.6 )      88.2   
  

 

 

   

 

 

   

 

 

 

Provision for income taxes

     15.9 %      52.4 %      (1,737.5 )% 
 
 
Summary of Items Comprising Deferred Tax Assets and Liabilities

A summary of the items comprising deferred tax assets and liabilities is as follows (in thousands):

 

     September 30,
2016
     September 30,
2015
 
     Assets      Liabilities      Assets      Liabilities  

Depreciation and fixed asset basis differences

   $ —         $ 99,985       $ —         $ 67,015   

Amortization and intangible asset basis differences

     —           92,094         —           110,517   

Accrued other revenue

     —           9,277         —           19,532   

Accounts receivable

     —           3,774         1,018         —     

Professional liability

     14,619         —           13,787         —     

Deferred gain on sale-leaseback transaction

     10,933         —           11,844         —     

Accrued expenses and other liabilities

     31,252         —           20,094         —     

Basis differences attributable to non-controlling interests

     16,035         —           19,169         —     

Deductible carryforwards and credits

     66,966         —           14,729         —     

Stock-based compensation

     10,862         —           8,952         —     

Other

     774         2,623         7,369         2,738   

Valuation allowance

     (35,321 )       —           (12,992 )       —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 116,120       $ 207,753       $ 83,970       $ 199,802   
  

 

 

    

 

 

    

 

 

    

 

 

 
 
 
Summary of Activity of Company Total Amounts of Unrecognized Tax Benefits

A summary of activity of the Company’s total amounts of unrecognized tax benefits is as follows (in thousands):

 

     Year Ended
September 30,
 
     2016      2015      2014  

Unrecognized tax benefits at October 1

   $ 14,249       $ 19,207       $ 19,570   

Additions resulting from tax positions taken in a prior period

     —           —           811   

Reductions resulting from tax positions taken in a prior period

     (1,203 )       (4,979 )       (2,241 ) 

Additions resulting from tax positions taken in the current period

     161         21         1,265   

Reductions resulting from lapse of statute of limitations

     —           —           (198 ) 
  

 

 

    

 

 

    

 

 

 

Unrecognized tax benefits at September 30

   $ 13,207       $ 14,249       $ 19,207