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Exit and Disposal Activities | 12 Months Ended
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Sep. 30, 2020
Exit And Disposal Activities [Abstract] |
Exit and Disposal Activities | 19. Exit and Disposal Activities In July 2020, the Company initiated a program to reduce operating and manufacturing expenses in light of decreased demand for products in our Oil and Gas Markets and Adjacent Markets segments. The program is expected to produce approximately $2.0 million of annualized cash savings starting in fiscal year 2021. The cost reductions were primarily realized through a reduction of approximately 100 employees from the Company’s workforce. In connection with the workforce reductions, the Company incurred $0.9 million of termination costs in our fourth quarter of fiscal year 2020. The majority of these costs were incurred by the Company’s Oil & Gas Markets business segment. The termination costs were recorded to both cost of revenue and operating expenses in the consolidated statement of operations. There are no outstanding liabilities related to this program as of September 30, 2020.

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