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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Sep. 30, 2019
Summary of Significant Accounting Policies  
Summary of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Carrying

 

September 30, 2018

 

Amount

 

Amortization

 

Amount

 

Patents

 

$

4,030

 

$

(3,977)

 

$

53

 

Trademarks

 

 

3,800

 

 

 —

 

 

3,800

 

Customer relationships

 

 

2,100

 

 

(574)

 

 

1,526

 

Other

 

 

291

 

 

(131)

 

 

160

 

 

 

$

10,221

 

$

(4,682)

 

$

5,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Carrying

 

September 30, 2019

 

Amount

 

Amortization

 

Amount

 

Patents

 

$

 —

 

$

 —

 

$

 —

 

Trademarks

 

$

3,800

 

$

 —

 

$

3,800

 

Customer relationships

 

 

2,100

 

 

(718)

 

 

1,382

 

Other

 

 

291

 

 

(189)

 

 

102

 

 

 

$

6,191

 

$

(907)

 

$

5,284

 

 

Schedule of estimated future aggregate amortization expense

 

 

 

 

Estimated future Aggregate Amortization Expense:

    

 

 

Year Ended September 30, 

 

 

 

2020

$

198

 

2021

 

185

 

2022

 

133

 

2023

 

129

 

2024

 

126

 

Thereafter

 

713

 

 

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)

    

2017

    

2018

    

2019

 

Numerator: Basic and Diluted

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(10,190)

 

$

(21,751)

 

$

9,745

 

Dividends

 

 

(11,009)

 

 

(11,027)

 

 

(11,037)

 

Undistributed income (loss)

 

 

(21,199)

 

 

(32,778)

 

 

(1,292)

 

Percentage allocated to common shares (a)

 

 

100.0

%

 

100.0

%

 

100.0

%

Undistributed income (loss) allocated to common shares

 

 

(21,199)

 

 

(32,778)

 

 

(1,292)

 

Dividends paid on common shares outstanding

 

 

10,905

 

 

10,933

 

 

10,987

 

Net income (loss) available to common shares

 

 

(10,294)

 

 

(21,845)

 

 

9,695

 

Denominator: Basic and Diluted

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

12,397,099

 

 

12,419,564

 

 

12,445,212

 

Adjustment for dilutive potential common shares

 

 

 —

 

 

 —

 

 

35,696

 

Weighted average shares outstanding - Diluted

 

 

12,397,099

 

 

12,419,564

 

 

12,480,908

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

(0.83)

 

$

(1.75)

 

$

0.78

 

Diluted net income (loss) per share

 

$

(0.83)

 

$

(1.75)

 

$

0.78

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

310,417

 

 

329,276

 

 

371,151

 

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

 

 

107,854

 

 

91,008

 

 

 —

 

 

 

 

 

 

 

 

 

 

 

 

(a) Percentage allocated to common shares - weighted average

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

12,397,099

 

 

12,419,564

 

 

12,445,212

 

Unvested participating shares

 

 

 —

 

 

 —

 

 

 —

 

 

 

 

12,397,099

 

 

12,419,564

 

 

12,445,212