XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.2
Basis of Presentation of Unaudited Interim Condensed Consolidated Financial Statements and Significant Accounting Policies (Tables)
 9 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]
The adoption of the standard related to the new revenue recognition impacted our reported results as follows:
 
 
Three months ended June 30, 2018
(in thousands, except per common share data)
 
As Reported
 
Impact of Adoption
 
As Adjusted
Revenue:
 
 
 
 
 
 
Product
 
$
51,691

 
$
—

 
$
51,691

Services and solutions
 
11,025

 
(444
)
 
10,581

Total revenue
 
62,716

 
(444
)
 
62,272

Cost of sales:
 
 
 
 
 
 
Cost of product
 
26,639

 
—

 
26,639

Cost of services and solutions
 
6,007

 
(763
)
 
5,244

Amortization of intangibles
 
741

 
—

 
741

Total cost of sales
 
33,387

 
(763
)
 
32,624

Gross profit
 
29,329

 
319

 
29,648

Operating expenses
 
27,292

 
(68
)
 
27,224

Operating income
 
$
2,037

 
$
387

 
$
2,424

Net income
 
$
2,621

 
$
283

 
$
2,904

Diluted income per share
 
$
0.09

 
$
0.01

 
$
0.10


1. BASIS OF PRESENTATION OF UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
 
 
Nine months ended June 30, 2018
(in thousands, except per common share data)
 
As Reported
 
Impact of Adoption
 
As Adjusted
Revenue:
 
 
 
 
 
 
Product
 
$
137,733

 
$
—

 
$
137,733

Services and solutions
 
24,971

 
(929
)
 
24,042

Total revenue
 
162,704

 
(929
)
 
161,775

Cost of sales:
 
 
 
 
 
 
Cost of product
 
68,929

 
—

 
68,929

Cost of services and solutions
 
13,737

 
(1,450
)
 
12,287

Amortization of intangibles
 
2,118

 
—

 
2,118

Total cost of sales
 
84,784

 
(1,450
)
 
83,334

Gross profit
 
77,920

 
521

 
78,441

Operating expenses
 
77,503

 
(305
)
 
77,198

Operating income
 
$
417

 
$
826

 
$
1,243

Net loss
 
$
(2,305
)
 
$
596

 
$
(1,709
)
Diluted loss per share
 
$
(0.09
)
 
$
0.02

 
$
(0.06
)

 
 
September 30, 2018
(in thousands)
 
As Reported
 
Impact of Adoption
 
As Adjusted
Accounts receivable, net
 
$
50,817

 
$
(998
)
 
$
49,819

Property, equipment and improvements, net
 
$
6,270

 
$
2,084

 
$
8,354

Deferred tax assets
 
$
6,665

 
$
(65
)
 
$
6,600

Unearned revenue current
 
$
2,579

 
$
598

 
$
3,177

Other non-current liabilities
 
$
510

 
$
210

 
$
720

Retained earnings
 
$
151,748

 
$
213

 
$
151,961