Acquisitions (Tables)

12 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Summary of Provisional Fair Value Assigned to Identifiable Assets Acquired and Liabilities Assumed

. The following table summarizes the provisional fair values assigned to identifiable assets acquired and liabilities assumed, in thousands:

	January 17, 2023		Measurement Period Adjustments			September 30, 2023
Fair value of total cash consideration transferred	$	39,787	$	(560	)	$	39,227
Estimated fair value of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	$	4,289	$	—		$	4,289
Accounts receivable, net		5,681		203			5,884
Inventories		5,683		—			5,683
Other current assets		179		—			179
Property, plant, and equipment		2,051		(11	)		2,040
Right-of-use assets		2,246		—			2,246
Intangible assets		12,800		800			13,600
Goodwill		18,089		(1,626	)		16,463
Other assets		31		49			80
Total assets acquired		51,049		(585	)		50,464
Accounts payable		1,574		—			1,574
Other accrued liabilities		1,170		824			1,994
Contract liabilities		1,662		287			1,949
Income taxes payable		1,447		(462	)		985
Current portion of long-term operating lease liabilities		515		—			515
Long-term operating lease liabilities		1,730		—			1,730
Deferred tax liability		3,164		(674	)		2,490
Total liabilities assumed		11,262		(25	)		11,237
Net assets acquired	$	39,787	$	(560	)	$	39,227

Fair Value Associated with Acquired Intangible Assets and Weighted-Average Amortization Periods

The fair value associated with acquired intangible assets and their associated weighted-average amortization periods consist of the following, in thousands:

	Classification of Amortization	Amount		Weighted-Average Amortization Period
Developed technology	Cost of sales	$	6,700	5.0 years
Customer relationships	Selling, general and administrative		2,800	10.0 years
Backlog	Selling, general and administrative		2,100	1.0 year
Trade names	Selling, general and administrative		1,800	10.0 years
Noncompetition agreements	Selling, general and administrative		200	5.0 years
Total intangible assets		$	13,600	6.1 years

Summary of Unaudited Pro forma Financial Information

The following unaudited pro forma financial information presents the combined results of operations of Amtech and Entrepix, in thousands, as if the acquisition occurred on October 1, 2021. The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place on the date indicated or of results that may occur in the future.

	Year Ended September 30
	2023			2022
Revenues, Net	$	121,020		$	129,781
Net (Loss) Income	$	(13,099	)	$	13,946