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Property Held for Sale | 6 Months Ended
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Mar. 31, 2020
Discontinued Operations And Disposal Groups [Abstract] |
Property Held for Sale | 8. Property Held for Sale The Company owns a property located in Bogotá, Colombia that it is marketing for sale. The property was used for product sales and service support to its customers in South America as well as warehousing for its rental equipment operations. The property’s carrying value at March 31, 2020 was $0.6 million and has been reclassified from property, plant and equipment to property held for sale in the accompanying consolidated balance sheet as of March 31, 2020. The Company believes the fair market value of the property exceeds its carrying value. The Company believes the property will be sold within the next 12-months. The Company continues to operate on a reduced scale in Colombia. The Company’s rental equipment in Colombia was either sold to customers or transferred back to its headquarters in Houston, Texas.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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