XML 42 R9.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Controlling Shareholder | 12 Months Ended
--- | ---
Sep. 30, 2015
Controlling Shareholder [Abstract] |
Controlling Shareholder | 3. CONTROLLING SHAREHOLDER At September 30, 2015, Tontine was the controlling shareholder of the Company’s common stock. Accordingly, Tontine has the ability to exercise significant control over our affairs, including the election of directors and most actions requiring the approval of shareholders. While Tontine is subject to restrictions under federal securities laws on sales of its shares as an affiliate, in 2013, the Company filed a shelf registration statement pursuan t to a registration rights agreement to register certain of Tontine’s shares. The shelf registration statement was declared effective by the SEC on June 18, 2013. As long as the shelf registration statement remains effective, Tontine has the ability to r esell any or all of its registered shares from time to time in one or more offerings, as described in the shelf registration statement and in any prospectus supplement filed in connection with an offering pursuant to the shelf registration statement. Sho uld Tontine sell or otherwise dispose of all or a portion of its position in IES, a change in ownership could occur. A change in ownership, as defined by Internal Revenue Code Section 382, could reduce the availability of net operating losses (“NOLs”) for federal and state income tax purposes. On January 28, 2013, the Company implemented a tax benefit protection plan (the “NOL Rights Plan”) that is designed to deter an acquisition of the Company's stock in excess of a threshold amount that could trigger a c hange of control within the meaning of Internal Revenue Code Section 382. For additional information on the NOL Rights Plan please see our Current Report on Form 8-K, filed with the SEC on January 28, 2013. There can be no assurance that the NOL Rights P lan will be effective in deterring a change of control or protecting the NOLs. Furthermore, a change in control would trigger the change of control provisions in a number of our material agreements, including our 2012 Credit Facility, bonding agreements w ith our sureties and our severance arrangements. David B. Gendell has served as a member of the Board of Directors since February 2012 and as the Company’s non-executive Chairman of the Board since January, 2015. Mr. Gendell, who is the brother of Jeffr ey Gendell, the founder and managing member of Tontine, is also an employee of Tontine. James M. Lindstrom served as Chief Executive Officer and President of the Company from October 3, 2011 until January 16, 2015. Mr. Lindstrom was an employee of Tontine from 2006 until October 2011.

X
- Definition Controlling Shareholder [Abstract] + References No definition available. + Details
Name: | iesc_ControllingShareholderAbstract
Namespace Prefix: | iesc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | iesc_ControllingShareholderDisclosureTextBlock
Namespace Prefix: | iesc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration