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v3.23.1

Acquisitions (Tables) | 6 Months Ended
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Mar. 31, 2023
Business Combinations [Abstract] |
Schedule of Purchase Price Consideration | The purchase price of PM Control, prepared consistent with the required ASC 805 framework, is allocated as follows:
Cash paid to Sellers |  | $ | 22,890 |
Working capital adjustment |  |  | (878 | )
Less acquired cash and restricted cash |  |  | (1,341 | )
Plus settlement of pre-existing relationships |  |  | 750 |
Total purchase price |  | $ | 21,421 |
Schedule of Assets Acquired and Liabilities Assumed | The following table summarizes, as of August 31, 2022, the estimated fair values of the assets acquired and liabilities assumed at the PM Closing.
Accounts receivable |  | $ | 4,334 |
Inventories |  |  | 2,464 |
Other current assets |  |  | 386 |
Property, plant, and equipment |  |  | 2,488 |
Goodwill |  |  | 8,705 |
Intangible assets |  |  | 8,874 |
Total assets acquired |  |  | 27,251 |
Other current liabilities |  |  | (2,703 | )
Deferred income tax liabilities |  |  | (1,842 | )
Other noncurrent liabilities |  |  | (1,285 | )
Total liabilities assumed |  |  | (5,830 | )
Net assets acquired |  | $ | 21,421 |
Schedule of Finite-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 |  | $ | 8,332 |  |  | 11 years |  | Straight-line
Trade name |  |  | 542 |  |  | 15 months |  | Straight-line
Total |  | $ | 8,874 |  |  |  |  |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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