Accounting Standards (Tables)

9 Months Ended

Jun. 30, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

Application of ASC 606 for the nine months ended June 30, 2019 had the following impact on the Company's Consolidated Balance Sheet at June 30, 2019 and Consolidated Statements of Income for the three and nine months ended June 30, 2019 (in thousands):

	As Reported		Impact of ASC 606		Without Application of ASC 606
At June 30, 2019
Costs and estimated earnings in excess of billings on uncompleted contracts	$	14,043	$	(982)	$	15,025
Inventories	37,069		1,205		35,864
Accrued expenses and other liabilities	19,028		(29)		19,057
Billings in excess of costs and estimated earnings on uncompleted contracts	$	32,344	$	338	$	32,006
For the Three Months Ended June 30, 2019
Revenues	$	227,290	$	(343)	$	227,633
Cost of revenues	189,198		311		188,887
Provision (benefit) for income taxes	4,941		9		4,932
Net income	$	17,202	$	(23)	$	17,225
For the Nine Months Ended June 30, 2019
Revenues	$	545,921	$	(1,321)	$	547,242
Cost of revenues	466,900		(1,205)		468,105
Provision (benefit) for income taxes	8,080		(29)		8,109
Net income	$	26,568	$	(87)	$	26,655