Rendering

Component: (Network and Table)
Network
138 - Disclosure - Income Taxes (Tables)
(http://www.beaconroofingsupply.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001124941 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2015-10-01 - 2016-09-30
Income Tax Disclosure [Abstract]
 
Schedule Of Income Tax Provision
The following table summarizes the components of the income tax provision (in thousands):
 
 
 
Year Ended September 30,
 
 
 
2016
 
2015
 
2014
 
Current:
 
 
 
 
 
 
 
 
 
 
Federal
 
$
23,403
 
$
17,414
 
$
25,988
 
Foreign
 
 
1,183
 
 
1,765
 
 
1,383
 
State
 
 
2,426
 
 
7,579
 
 
4,473
 
Total current taxes
 
$
27,012
 
$
26,758
 
$
31,844
 
 
 
 
 
 
 
 
 
 
 
 
Deferred:
 
 
 
 
 
 
 
 
 
 
Federal
 
$
25,935
 
$
14,798
 
$
2,327
 
Foreign
 
 
321
 
 
(657)
 
 
(648)
 
State
 
 
3,347
 
 
2,868
 
 
1,399
 
Total deferred taxes
 
$
29,603
 
$
17,009
 
$
3,078
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
$
56,615
 
$
43,767
 
$
34,922
 
  
Principal Reason for the Difference Between Effective Income Tax Rate and the Statutory Federal Income
The following table is a reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate for the periods presented:
 
 
 
Year Ended September 30,
 
 
 
2016
 
2015
 
2014
 
U.S. federal income taxes at statutory rate
 
 
35.0
%
 
35.0
%
 
35.0
%
State income taxes, net of federal benefit
 
 
4.2
%
 
4.6
%
 
4.2
%
Non-deductible professional fees related to RSG acquisition
 
 
0.4
%
 
2.2
%
 
—
 
Other
 
 
-1.0
%
 
-0.5
%
 
0.1
%
Effective tax rate
 
 
38.6
%
 
41.3
%
 
39.3
%
  
Components of the Company's Deferred Taxes
temporary differences are determined according to ASC 740 Income Taxes. Temporary differences that give rise to deferred tax assets and liabilities are as follows (in thousands):
 
 
 
September 30,
 
 
 
2016
 
2015
 
Deferred tax assets:
 
 
 
 
 
 
 
Deferred compensation
 
$
15,166
 
$
11,622
 
Allowance for doubtful accounts
 
 
2,060
 
 
569
 
Accrued vacation and other
 
 
6,616
 
 
3,515
 
Unrealized loss on financial derivatives
 
 
279
 
 
844
 
Inventory valuation
 
 
6,193
 
 
-
 
Tax loss carryforwards
 
 
34,505
 
 
-
 
Other
 
 
913
 
 
-
 
Total deferred tax assets
 
$
65,732
 
$
16,550
 
 
 
 
 
 
 
 
 
Deferred tax liabilities:
 
 
 
 
 
 
 
Excess tax over book depreciation and amortization
 
$
(201,214)
 
$
(79,924)
 
Inventory valuation
 
 
-
 
 
(2,511)
 
Other
 
 
-
 
 
(615)
 
Total deferred tax liabilities
 
 
(201,214)
 
 
(83,050)
 
 
 
 
 
 
 
 
 
Net deferred income tax liabilities
 
$
(135,482)
 
$
(66,500)
 
  
Reconciliation of the Beginning and Ending Amounts of Gross Unrecognized Income Tax Benefits
A reconciliation of the beginning and ending amounts of the gross unrecognized income tax benefits is as follows:
 
 
 
Year Ended September 30,
 
 
 
2016
 
2015
 
Balance, beginning of year
 
$
82
 
$
82
 
Current year uncertain tax positions
 
 
-
 
 
-
 
Settlements
 
 
(82)
 
 
-
 
Balance, end of year
 
$
-
 
$
82