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Impact on Previously Issued Financial Statements for Immaterial Adjustments | 9 Months Ended
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Jun. 30, 2021
Accounting Changes And Error Corrections [Abstract] |
Impact on Previously Issued Financial Statements for Immaterial Adjustments | Note 16. Impact on Previously Issued Financial Statements for Immaterial Adjustments During the quarter ended March 31, 2021, we identified three immaterial errors and made adjustments to correct those errors that affected previously issued consolidated financial statements.
| • | During the first quarter of fiscal 2021, we recognized an immaterial amount of connected services revenue which related to fiscal year 2020.
| • | During the first quarter of fiscal 2021, the estimated achievement percentage relating to our long-term incentive plan increased. We did not originally record the corresponding cumulative adjustment to stock-based compensation during the three months ended December 31, 2020.
| • | During the fourth quarter of fiscal 2020, we recorded a restructuring accrual relating to the closure of a facility under ASC 420 Exit or Disposal Cost Obligation when ASC 842 Leases should have been applied. During the three months ended December 31, 2020, a partial true up was recorded to the restructuring accrual.
We also recorded certain adjustments to income taxes reflecting the tax effect of the aforementioned adjustments. We assessed the materiality, both quantitatively and qualitatively, in accordance with the SEC’s Staff Accounting Bulletin (“SAB”) No. 99 and SAB No. 108, and concluded that these identified errors were not material to any of the previously issued financial statements. In order to present the impact of these resulting adjustments, previously issued financial statements have been revised and are presented as “As Revised” in the tables presented below.
|  | Three Months Ended December 31, 2019 |
Revised Consolidated Statement of Operations Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
Total revenues |  |  | 77,459 |  |  |  | 246 |  |  |  | 77,705 |
Gross profit |  |  | 51,525 |  |  |  | 246 |  |  |  | 51,771 |
Loss from operations |  |  | (2,097 | ) |  |  | 246 |  |  |  | (1,851 | )
Loss before income taxes |  |  | (8,760 | ) |  |  | 246 |  |  |  | (8,514 | )
Provision for income taxes |  |  | 3,002 |  |  |  | (233 | ) |  |  | 2,769 |
Net loss |  | $ | (11,762 | ) |  | $ | 479 |  |  | $ | (11,283 | )
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.33 | ) |  |  |  |  |  | $ | (0.31 | )
Diluted |  | $ | (0.33 | ) |  |  |  |  |  | $ | (0.31 | )
|  | Three Months Ended March 31, 2020 |
Revised Consolidated Statement of Operations Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
Total revenues |  |  | 86,495 |  |  |  | 328 |  |  |  | 86,823 |
Gross profit |  |  | 57,765 |  |  |  | 328 |  |  |  | 58,093 |
Income from operations |  |  | 12,006 |  |  |  | 328 |  |  |  | 12,334 |
Income before income taxes |  |  | 5,777 |  |  |  | 328 |  |  |  | 6,105 |
Benefit from income taxes |  |  | (6,718 | ) |  |  | 11 |  |  |  | (6,707 | )
Net income |  | $ | 12,495 |  |  | $ | 317 |  |  | $ | 12,812 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.34 |  |  |  |  |  |  | $ | 0.35 |
Diluted |  | $ | 0.33 |  |  |  |  |  |  | $ | 0.34 |
|  | Three Months Ended June 30, 2020 |
Revised Consolidated Statement of Operations Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
Total revenues |  |  | 74,810 |  |  |  | 387 |  |  |  | 75,197 |
Gross profit |  |  | 47,207 |  |  |  | 387 |  |  |  | 47,594 |
Loss from operations |  |  | (4,696 | ) |  |  | 387 |  |  |  | (4,309 | )
Loss before income taxes |  |  | (30,650 | ) |  |  | 387 |  |  |  | (30,263 | )
Benefit from income taxes |  |  | (2,469 | ) |  |  | 258 |  |  |  | (2,211 | )
Net loss |  | $ | (28,181 | ) |  | $ | 129 |  |  | $ | (28,052 | )
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.77 | ) |  |  |  |  |  | $ | (0.77 | )
Diluted |  | $ | (0.77 | ) |  |  |  |  |  | $ | (0.77 | )
|  | Year Ended September 30, 2020 |
Revised Consolidated Statement of Operations Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
Total revenues |  |  | 329,646 |  |  |  | 1,321 |  |  |  | 330,967 |
Gross profit |  |  | 221,795 |  |  |  | 1,321 |  |  |  | 223,116 |
Income from operations |  |  | 19,331 |  |  |  | 3,100 |  |  |  | 22,431 |
Loss before income taxes |  |  | (26,140 | ) |  |  | 3,100 |  |  |  | (23,040 | )
Benefit from income taxes |  |  | (5,509 | ) |  |  | 785 |  |  |  | (4,724 | )
Net loss |  | $ | (20,631 | ) |  | $ | 2,315 |  |  | $ | (18,316 | )
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.57 | ) |  |  |  |  |  | $ | (0.50 | )
Diluted |  | $ | (0.57 | ) |  |  |  |  |  | $ | (0.50 | )
|  | September 30, 2020 |
Revised Consolidated Balance Sheet Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
ASSETS |
Total current assets |  |  | 249,148 |  |  |  | 957 |  |  |  | 250,105 |
Total assets |  | $ | 1,687,445 |  |  | $ | 172 |  |  | $ | 1,687,617 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
Total current liabilities |  |  | 200,774 |  |  |  | (2,143 | ) |  |  | 198,631 |
Total liabilities |  |  | 729,689 |  |  |  | (2,143 | ) |  |  | 727,546 |
Total stockholders' equity |  |  | 957,756 |  |  |  | 2,315 |  |  |  | 960,071 |
Total liabilities and stockholders' equity |  | $ | 1,687,445 |  |  | $ | 172 |  |  | $ | 1,687,617 |
|  | Three Months Ended December 31, 2020 |
Revised Condensed Consolidated Statement of Operations Amounts: |  | As Reported |  |  | Adjustment |  |  | As Revised |
Total revenues |  |  | 94,964 |  |  |  | (1,321 | ) |  |  | 93,643 |
Total cost of revenues |  |  | 26,881 |  |  |  | 7 |  |  |  | 26,888 |
Gross profit |  |  | 68,083 |  |  |  | (1,328 | ) |  |  | 66,755 |
Total operating expenses |  |  | 47,811 |  |  |  | 1,400 |  |  |  | 49,211 |
Income from operations |  |  | 20,272 |  |  |  | (2,728 | ) |  |  | 17,544 |
Income before income taxes |  |  | 14,254 |  |  |  | (2,728 | ) |  |  | 11,526 |
Benefit from income taxes |  |  | (7,384 | ) |  |  | (2,031 | ) |  |  | (9,415 | )
Net income |  | $ | 21,638 |  |  | $ | (697 | ) |  | $ | 20,941 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.58 |  |  |  |  |  |  | $ | 0.56 |
Diluted |  | $ | 0.54 |  |  |  |  |  |  | $ | 0.53 |

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -URI http://asc.fasb.org/topic&trid=2122394 + Details
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