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Quarterly Information (Tables) | 12 Months Ended
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Sep. 30, 2022
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Information | The table below sets forth the unaudited consolidated operating results by fiscal quarter for the years ended September 30, 2022 and 2021 (in thousands, except per share data):
| 2022 Quarters
| First(1) |  | Second |  | Third(2) |  | Fourth(3) |  | 2022
Revenues | $ | 106,569 |  |  | $ | 127,854 |  |  | $ | 135,483 |  |  | $ | 162,676 |  |  | $ | 532,582 |
Gross profit | 13,436 |  |  | 19,083 |  |  | 19,059 |  |  | 33,440 |  |  | 85,018 |
Net income (loss) | (2,846) |  |  | (1,217) |  |  | 9,061 |  |  | 8,739 |  |  | 13,737 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.24) |  |  | $ | (0.10) |  |  | $ | 0.77 |  |  | $ | 0.74 |  |  | $ | 1.16 |
Diluted | $ | (0.24) |  |  | $ | (0.10) |  |  | $ | 0.76 |  |  | $ | 0.73 |  |  | $ | 1.15 |
(1) The results for the first quarter of Fiscal 2022 demonstrated normal seasonality and were negatively impacted by holidays and work schedules compared to other quarterly periods.
(2) The results for the third quarter of Fiscal 2022 were positively impacted by the release of a $5.9 million Canadian valuation allowance and a $2.0 million pre-tax gain on the sale of a non-core business within our Canadian operations.
(3) The results for the fourth quarter of Fiscal 2022 were positively impacted by a $2.5 million settlement of a claim for cost overruns from prior years related to a U.S. based municipal transit project.
| 2021 Quarters
| First(1) |  | Second(1) |  | Third(1) |  | Fourth(2) |  | 2021
Revenues | $ | 106,575 |  |  | $ | 118,716 |  |  | $ | 115,813 |  |  | $ | 129,455 |  |  | $ | 470,559 |
Gross profit | 18,271 |  |  | 17,153 |  |  | 17,167 |  |  | 22,472 |  |  | 75,063 |
Net income (loss) | (364) |  |  | (225) |  |  | (2,041) |  |  | 3,261 |  |  | 631 |
Earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic | $ | (0.03) |  |  | $ | (0.02) |  |  | $ | (0.17) |  |  | $ | 0.28 |  |  | $ | 0.05 |
Diluted | $ | (0.03) |  |  | $ | (0.02) |  |  | $ | (0.17) |  |  | $ | 0.28 |  |  | $ | 0.05 |
(1) The results for the first quarter of Fiscal 2021 demonstrated normal seasonality and were negatively impacted by holidays and work schedules compared to other quarterly periods. Gross profit decreased during the first three quarters of Fiscal 2021 as compared to Fiscal 2020 due to a decrease in volume, as well as project delays and cancellations of potential projects associated with the global economic impact resulting from the COVID-19 pandemic and associated reduction in demand across our industrial end markets.
(2) The results for the fourth quarter of Fiscal 2021 were positively impacted by higher volume and favorable productivity across the service and manufacturing entities.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126900988&loc=d3e1280-108306 + Details
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