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Business Acquisition (Tables) - Business Acquisition, Acquiree - L'Orange [Member] | 12 Months Ended
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Sep. 30, 2020
Business Acquisition [Line Items] |
Schedule of the Purchase Price | The purchase price of L’Orange, prepared consistent with the required ASC 805 framework, is allocated as follows:
Cash paid to Sellers |  | $ | 780,401 |
Less acquired cash and restricted cash |  |  | (9,286 | )
Total purchase price |  | $ | 771,115 |
Schedule of Assets Acquired and Liabilities Assumed | The following table, which is final as of June 30, 2019, summarizes the estimated fair values of the assets acquired and liabilities assumed at the Closing.
Accounts receivable |  | $ | 26,538 |
Inventories (1) |  |  | 72,392 |
Other current assets |  |  | 1,385 |
Property, plant, and equipment |  |  | 89,772 |
Goodwill |  |  | 257,447 |
Intangible assets |  |  | 573,427 |
Total assets acquired |  |  | 1,020,961 |
Other current liabilities |  |  | 41,997 |
Deferred income tax liabilities |  |  | 166,927 |
Other noncurrent liabilities |  |  | 40,922 |
Total liabilities assumed |  |  | 249,846 |
Net assets acquired |  | $ | 771,115 |
| (1) | Inventories include a $16,324 adjustment to state work in progress and finished goods inventories at their fair value as of the acquisition date. The entire inventory fair value adjustment was recognized as a noncash increase to cost of goods sold ratably over the estimated inventory turnover period during the fiscal year ended September 30, 2018.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired | A summary of the intangible assets acquired, weighted-average useful lives, and amortization methods follows:
|  | Estimated Amounts |  |  | Weighted- Average Useful Life |  | Amortization Method
Intangible assets with finite lives: |  |  |  |  |  |  |  |
Customer relationships and contracts |  | $ | 388,705 |  |  | 22 years |  | Straight-line
Process technology |  |  | 74,260 |  |  | 22 years |  | Straight-line
Backlog |  |  | 42,932 |  |  | 1 year |  | Accelerated
Other |  |  | 232 |  |  | 3 years |  | Straight-line
Intangible asset with indefinite life: |  |  |  |  |  |  |  |
Trade name |  |  | 67,298 |  |  | Indefinite |  | Not amortized
Total |  | $ | 573,427 |  |  |  |  |
Schedule of Unaudited Pro Forma Results | The unaudited pro forma results for fiscal years ended September 30, 2019 and September 30, 2018 were as follows:
|  | Year Ended |  |  | Year Ended |
|  | September 30, 2019 |  |  | September 30, 2018 |
|  | As reported |  |  | Pro forma |  |  | As reported |  |  | Pro forma |
Net sales |  | $ | 2,900,197 |  |  | $ | 2,900,197 |  |  | $ | 2,325,873 |  |  | $ | 2,549,874 |
Net earnings |  |  | 259,602 |  |  |  | 267,649 |  |  |  | 180,378 |  |  |  | 225,800 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 4.19 |  |  | $ | 4.32 |  |  | $ | 2.93 |  |  | $ | 3.67 |
Diluted earnings per share |  |  | 4.02 |  |  |  | 4.15 |  |  |  | 2.82 |  |  |  | 3.53 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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