Annual report pursuant to Section 13 and 15(d)

Income Taxes (Details)

v2.3.0.15
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Components of earnings before income taxes and the consolidated income tax provision:      
Domestic $ 140.5 $ 141.2 $ 159.4
Foreign 17.3 5.2 1.4
Income before income taxes 157.8 146.4 160.8
Current provision:      
Federal 45.4 62.6 47.5
State 6.1 8.9 7.2
Foreign 4.7 1.1 0.6
Total current provision 56.2 72.6 55.3
Deferred provision (benefit):      
Federal (1.6) (15.5) 3.0
State (2.4) (3.3) 0.3
Foreign (0.5) 0.3 (0.1)
Total deferred provision (benefit) (4.5) (18.5) 3.2
Income tax expense 51.7 54.1 58.5
Percentage of pretax income      
Federal statutory rates (as a percent) 35.00% 35.00% 35.00%
State and local taxes (as a percent) 1.80% 3.10% 2.60%
Foreign income tax (as a percent) (1.20%) (0.30%) (0.10%)
Domestic manufacturer's deduction (as a percent) (2.70%) (2.00%) (1.90%)
Non-deductible acquisition costs (as a percent)   0.50%  
Valuation allowance (as a percent) (0.60%) (0.80%) 0.10%
Other, net (as a percent) 0.50% 1.50% 0.70%
Effective income tax rate (as a percent) 32.80% 37.00% 36.40%
Deferred tax assets:      
Employee benefit accruals 67.7 64.2  
Rebates and other discount reserves 7.5 6.8  
Self-insurance reserves 5.9 5.6  
Forethought Note discount   4.0  
Casket pricing obligation 3.3 3.7  
Allowance for doubtful accounts 2.4 2.4  
Inventory 2.8 2.0  
Other, net 10.5 10.9  
Total deferred tax assets before valuation allowance 100.1 99.6  
Less valuation allowance (1.0) (2.0)  
Total deferred tax assets, net 99.1 97.6  
Deferred income tax liabilities:      
Depreciation (11.1) (9.0)  
Amortization (69.9) (75.3)  
Unremitted earnings of foreign operations (11.0) (8.2)  
Other, net (6.1) (15.7)  
Total deferred income tax liabilities (98.1) (108.2)  
Deferred tax assets and liabilities, net 1.0 (10.6)  
Amounts recorded in the consolidated balance sheets:      
Deferred income taxes, current 27.5 25.1  
Deferred income taxes, long-term (26.5) (35.7)  
Deferred tax assets and liabilities, net 1.0 (10.6)  
Deferred income tax assets related to state tax credit carryforwards 0.9    
Deferred tax assets related to capital loss carryforwards $ 3.7