Supporting Financial Information (Tables)

3 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable

Accounts receivable

		(in thousands)
		December 31,		September 30,
	Ref	2019		2019
Billed receivables		$	23,261	$	18,924
Contract assets		4,734		4,302
Total accounts receivable		27,995		23,226
Less: Allowance for doubtful accounts	(a)	—		—
Accounts receivable, net		$	27,995	$	23,226

Ref (a): Accounts receivable are non-interest bearing, unsecured and carried at net realizable value. We evaluate our receivables on a quarterly basis and determine whether an allowance is appropriate based on specific collection issues. No allowance for doubtful accounts was deemed necessary at either December 31, 2019 or September 30, 2019.

Schedule of Other Current Assets

Other current assets

	(in thousands)
	December 31,		September 30,
	2019		2019
Prepaid insurance and benefits	$	619	$	495
Other receivables	306		301
Other prepaid expenses	1,007		1,035
Other current assets	$	1,932	$	1,831

Schedule of Equipment and Improvements, Net

Equipment and improvements, net

		(in thousands)
		December 31,			September 30,
	Ref	2019			2019
Furniture and equipment		$	1,262		$	1,262
Computer equipment		1,171			1,043
Computer software		4,019			3,985
Leasehold improvements		1,595			1,595
Total equipment and improvements		8,047			7,885
Less accumulated depreciation and amortization		(3,196		)	(2,542		)
Equipment and improvements, net		$	4,851		$	5,343

Ref (a): Depreciation expense was $0.7 million and $0.1 million for the three months ended December 31, 2019 and 2018, respectively.

Schedule of Intangible Assets

Intangible assets

		(in thousands)
		December 31,			September 30,
	Ref	2019			2019
Intangible assets	(a)
Customer contracts and related customer relationships		$	45,600		$	45,600
Covenants not to compete		480			480
Trade name		2,109			2,109
Total intangible assets		48,189			48,189
Less accumulated amortization
Customer contracts and related customer relationships		(7,730		)	(6,590		)
Covenants not to compete		(176		)	(164		)
Trade name		(279		)	(227		)
Total accumulated amortization		(8,185		)	(6,981		)
Intangible assets, net		$	40,004		$	41,208

Ref (a): Intangible assets subject to amortization. The intangibles are amortized on a straight-line basis over their estimated useful lives of 10 years. The total amount of amortization expense was $1.2 million and $0.4 million for the three months endedDecember 31, 2019 and 2018.

Schedule of Estimated Amortization of Intangible Assets

Estimated amortization expense for future years:	(in thousands)
Remaining Fiscal 2020	$	3,614
Fiscal 2021	4,819
Fiscal 2022	4,819
Fiscal 2023	4,819
Fiscal 2024	4,819
Thereafter	17,114
Total amortization expense	$	40,004

Schedule of Accounts Payable, Accrued Expenses, and Other Current Liabilities

Accounts payable, accrued expenses and other current liabilities

	(in thousands)
	December 31,		September 30,
	2019		2019
Accounts payable	$	9,908	$	10,054
Accrued benefits	2,278		2,252
Accrued bonus and incentive compensation	714		1,951
Accrued workers' compensation insurance	4,280		4,007
Other accrued expenses	1,651		2,369
Accounts payable, accrued expenses, and other current liabilities	$	18,831	$	20,633

Schedule of Debt Obligations

Debt obligations

	(in thousands)
	December 31,			September 30,
	2019			2019
Bank term loan	$	56,000		$	56,000
Less unamortized deferred financing cost	(2,208		)	(2,371		)
Net bank debt obligation	53,792			53,629
Less current portion of term loan debt obligations	—			—
Long-term portion of bank debt obligation	$	53,792		$	53,629

Schedule of Interest Expense

Interest expense

		(in thousands)
		Three Months Ended
		December 31,
	Ref	2019			2018
Interest expense	(a)	$	(852	)	$	(104	)
Amortization of deferred financing costs	(b)	(210		)	(73		)
Other income (expense), net	(c)	121			—
Interest expense, net		$	(941	)	$	(177	)

Ref (a): Interest expense on borrowing

Ref (b): Amortization of expenses related to term loan and revolving line of credit

Ref (c): Gain on lease modification due to a lease amendment