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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2016
Summary of Significant Accounting Policies  
Summary of intangible assets

 

    

Gross

    

Accumulated

    

Carrying

 

September 30, 2015

 

Amount

 

Amortization

 

Amount

 

Patents

 

$

4,030

 

$

(3,091)

 

$

939

 

Trademarks

 

 

3,800

 

 

 —

 

 

3,800

 

Customer relationships

 

 

2,100

 

 

(119)

 

 

1,981

 

Other

 

 

330

 

 

(276)

 

 

54

 

 

 

$

10,260

 

$

(3,486)

 

$

6,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Carrying

 

September 30, 2016

 

Amount

 

Amortization

 

Amount

 

Patents

 

$

4,030

 

$

(3,370)

 

$

660

 

Trademarks

 

 

3,800

 

 

 —

 

 

3,800

 

Customer relationships

 

 

2,100

 

 

(275)

 

 

1,825

 

Other

 

 

291

 

 

(14)

 

 

277

 

 

 

$

10,221

 

$

(3,659)

 

$

6,562

 

 

Schedule of estimated future aggregate amortization expense

 

 

 

 

Estimated future Aggregate Amortization Expense:

    

 

 

Year Ended September 30, 

 

 

 

2017

 

526

 

2018

 

486

 

2019

 

304

 

2020

 

198

 

2021

 

194

 

Thereafter

 

1,054

 

 

Schedule of estimated economic useful lives of property, plant and equipment

 

 

 

 

 

 

Buildings and improvements

 

 

 

40

 years

Machinery and equipment

 

5

14

 years

Land improvements

 

 

 

20

 years

 

Schedule of basic and diluted net income per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Years ended September 30,

 

(in thousands, except share and per share data)

    

2014

    

2015

    

2016

 

Numerator: Basic and Diluted

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,751

 

$

30,486

 

$

5,020

 

Dividends paid

 

 

(10,906)

 

 

(10,952)

 

 

(10,988)

 

Undistributed income (loss)

 

 

(7,155)

 

 

19,534

 

 

(5,968)

 

Percentage allocated to common shares (a)

 

 

99.2

%

 

99.1

%

 

99.0

%

Undistributed income (loss) allocated to common shares

 

 

(7,098)

 

 

19,358

 

 

(5,910)

 

Dividends paid on common shares outstanding

 

 

10,819

 

 

10,853

 

 

10,881

 

Net income available to common shares

 

 

3,721

 

 

30,211

 

 

4,971

 

Denominator: Basic and Diluted

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

12,291,881

 

 

12,331,805

 

 

12,361,483

 

Adjustment for dilutive potential common shares

 

 

29,819

 

 

12,404

 

 

4,714

 

Weighted average shares outstanding - Diluted

 

 

12,321,700

 

 

12,344,209

 

 

12,366,197

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.30

 

$

2.45

 

$

0.40

 

Diluted net income per share

 

$

0.30

 

$

2.45

 

$

0.40

 

 

 

 

 

 

 

 

 

 

 

 

Number of stock option shares excluded as their effect would be anti-dilutive

 

 

180,435

 

 

289,130

 

 

378,852

 

Number of restrictive stock shares excluded as their effect would be anti-dilutive

 

 

98,463

 

 

111,450

 

 

121,185

 

 

 

 

 

 

 

 

 

 

 

 

(a) Percentage allocated to common shares - weighted average

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

12,291,881

 

 

12,331,805

 

 

12,361,483

 

Unvested participating shares

 

 

98,463

 

 

112,275

 

 

121,185

 

 

 

 

12,390,344

 

 

12,444,080

 

 

12,482,668