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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Mar. 31, 2019

Schedule of Variable Interest Entities [Table Text Block]

The following provides a summary of TWO’s balance sheet as of March 31, 2019 and September 30, 2018, and summarized financial information for the three and six months ended March 31, 2019 and 2018.



	March 31, 2019			September 30, 2018
Current assets (includes cash of $4,557 and $3,304)	$	5,300		$	5,486
Property, plant and equipment	4,648			4,441
Goodwill	2,206			2,206
Other non-current assets	3			3
Total liabilities	(3,567		)	(3,608		)



	Three Months Ended March 31,						Six Months Ended March 31,
	2019			2018			2019			2018
Total revenues	$	3,222		$	3,577		$	6,378		$	9,566
Total operating expenses	(2,806		)	(2,622		)	(5,036		)	(7,196		)
Income from operations	$	416		$	955		$	1,342		$	2,370

Schedule Of Estimated Useful Lives For Major Classes Of Depreciable Assets

Estimated useful lives for major classes of depreciable assets are as follows:



Asset Class	Estimated Useful Life
Machinery and equipment	3 to 20 years
Buildings and improvements	10 to 40 years

Depreciation expense and maintenance and repairs expense for the three and six months ended March 31, 2019 and 2018 were as follows:



	Three Months Ended March 31,				Six Months Ended March 31,
	2019		2018		2019		2018
Depreciation expense	$	16,146	$	13,980	$	31,355	$	27,987
Maintenance and repair expense	5,891		5,567		12,048		11,382

Property, plant, and equipment consists of the following:



	March 31, 2019			September 30, 2018
Machinery and equipment	$	441,617		$	399,619
Land and buildings	74,628			76,459
Construction in process	63,891			60,803
	580,136			536,881
Less: accumulated depreciation	(247,113		)	(216,858		)
	$	333,023		$	320,023

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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