Business Combinations (Tables)

12 Months Ended

Sep. 30, 2020

Business Combinations [Abstract]

Schedule of Total Acquisition Consideration and Allocation of Fair Value of Assets and Liabilities

The preliminary purchase price and its allocation are shown below. Based on the unaudited financial statements of IBA on September 30, 2020, we accounted for the total acquisition consideration and allocation of fair value to the related assets and liabilities on a preliminary basis as follows:

(Amounts in thousands)
Preliminary purchase price for IBA	$	32,706
Net assets acquired
Cash and cash equivalents	$	28
Accounts receivable	3,907
Other current assets	124
Total current assets	4,059
Accounts payable and accrued expenses	(758)
Payroll liabilities	(1,269)
Other current liabilities	(177)
Net working capital	1,855
Equipment and improvements, net	28
Other long-term assets/liabilities	214
Net identifiable assets acquired	2,097
Goodwill and other identifiable intangible assets	30,609
Net assets acquired	$	32,706

Schedule of Pro Forma Results (unaudited)

	(unaudited)
	(in thousands)
	Year ended		Year ended
	September 30,		September 30,
Pro forma results	2020		2019
Revenue	$	234,443	$	228,117
Net income (loss)	7,170		2,464
Number of shares outstanding - basic	12,282		12,018
Number of shares outstanding - diluted	13,105		13,041
Basic earnings per share (loss)	$	0.58	$	0.21
Diluted earnings per share (loss)	$	0.55	$	0.19