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Quarterly Financial Information (Unaudited) | 12 Months Ended
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Sep. 30, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Information (Unaudited) |
| 18. | Quarterly Financial Information (Unaudited)
|  | First |  | Second |  | Third |  | Fourth |  | Fiscal |
(Dollars in thousands, except per share amounts) |  | Quarter |  | Quarter |  | Quarter |  | Quarter |  | Year |
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 120,547 |  |  | 128,941 |  |  | 134,191 |  |  | 153,612 |  |  | 537,291 |
Net earnings from continuing operations |  |  | 10,023 |  |  | 7,982 |  |  | 10,748 |  |  | 12,983 |  |  | 41,736 |
Net (loss) earnings from discontinued operations |  |  | — |  |  | (372) |  |  | 1,148 |  |  | — |  |  | 776 |
Net earnings |  |  | 10,023 |  |  | 7,610 |  |  | 11,896 |  |  | 12,983 |  |  | 42,512 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations |  |  | 0.38 |  |  | 0.31 |  |  | 0.41 |  |  | 0.50 |  |  | 1.60 |
Net (loss) earnings from discontinued operations |  |  | — |  |  | (0.01) |  |  | 0.04 |  |  | — |  |  | 0.03 |
Net earnings |  |  | 0.38 |  |  | 0.30 |  |  | 0.45 |  |  | 0.50 |  |  | 1.63 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations |  |  | 0.38 |  |  | 0.30 |  |  | 0.41 |  |  | 0.50 |  |  | 1.59 |
Net (loss) earnings from discontinued operations |  |  | — |  |  | (0.01) |  |  | 0.04 |  |  | — |  |  | 0.03 |
Net earnings |  |  | 0.38 |  |  | 0.29 |  |  | 0.45 |  |  | 0.50 |  |  | 1.62 |
Dividends declared per common share |  | $ | 0.08 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |  |  | 0.32 |
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 124,450 |  |  | 124,762 |  |  | 130,495 |  |  | 151,413 |  |  | 531,120 |
Net earnings from continuing operations |  |  | 8,832 |  |  | 9,264 |  |  | 11,590 |  |  | 12,927 |  |  | 42,613 |
Net (loss) earnings from discontinued operations |  |  | 2,357 |  |  | (42,941) |  |  | — |  |  | (1,619) |  |  | (42,203) |
Net (loss) earnings |  |  | 11,189 |  |  | (33,677) |  |  | 11,590 |  |  | 11,308 |  |  | 410 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations |  |  | 0.33 |  |  | 0.35 |  |  | 0.44 |  |  | 0.49 |  |  | 1.61 |
Net (loss) earnings from discontinued operations |  |  | 0.09 |  |  | (1.62) |  |  | — |  |  | (0.06) |  |  | (1.59) |
Net (loss) earnings |  |  | 0.42 |  |  | (1.27) |  |  | 0.44 |  |  | 0.43 |  |  | 0.02 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations |  |  | 0.33 |  |  | 0.35 |  |  | 0.43 |  |  | 0.49 |  |  | 1.60 |
Net (loss) earnings from discontinued operations |  |  | 0.09 |  |  | (1.61) |  |  | — |  |  | (0.06) |  |  | (1.58) |
Net (loss) earnings |  |  | 0.42 |  |  | (1.26) |  |  | 0.43 |  |  | 0.43 |  |  | 0.02 |
Dividends declared per common share |  | $ | 0.08 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |  |  | 0.32 |
During the fourth quarter of 2015, the Company disclosed certain non-cash charges related to the Test segment. Of these pretax charges, $4.3 million related to inventory and cost of goods sold resulting from the incorrect capitalization of certain costs in periods prior to the fourth quarter of 2015 that resulted in inventory being overstated and cost of goods sold being understated. Management determined $1.2 million (pretax) related to the first quarter of 2015 and $1.0 million (pretax) related to the second quarter of 2015; therefore, the 2015 quarterly results above have been adjusted to reflect these amounts in the proper periods. The fourth quarter of 2015 includes the remaining $2.1 million (pretax) of charges relating to prior years. These charges were not considered material to the previously-issued financial statements for the prior years and prior quarters within 2015. See the table below for the impact of the adjustments on the previously reported first and second quarters of 2015:
|  | Q1 as Reported |  | Q1 as Adjusted |  | Q2 as Reported |  | Q2 as Adjusted |
Cost of sales |  | $ | 70,420 |  |  | 71,621 |  |  | 80,140 |  |  | 81,142 |
Earnings before income taxes |  |  | 14,776 |  |  | 13,575 |  |  | 13,791 |  |  | 12,789 |
Income tax expense |  |  | 3,948 |  |  | 3,552 |  |  | 5,144 |  |  | 4,807 |
Net earnings from continuing operations |  |  | 10,828 |  |  | 10,023 |  |  | 8,647 |  |  | 7,982 |
Diluted net earnings per share |  | $ | 0.41 |  |  | 0.38 |  |  | 0.32 |  |  | 0.29 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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