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Acquisition (Tables) | 9 Months Ended
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Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Summary of Provisional Fair Value Assigned to Identifiable Assets Acquired and Liabilities Assumed | The following table summarizes the provisional fair values assigned to identifiable assets acquired and liabilities assumed, in thousands:
|  | March 31, 2023 |  | Measurement Period Adjustments |  | June 30, 2023 |
Fair value of total cash consideration transferred |  | $ | 39,787 |  | $ | (560 | ) | $ | 39,227 |
Estimated fair value of identifiable assets acquired and liabilities assumed: |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,289 |  | $ | — |  | $ | 4,289 |
Accounts receivable, net |  |  | 5,681 |  |  | 203 |  |  | 5,884 |
Inventories |  |  | 5,683 |  |  | — |  |  | 5,683 |
Other current assets |  |  | 179 |  |  | — |  |  | 179 |
Property, plant, and equipment |  |  | 2,051 |  |  | (11 | ) |  | 2,040 |
Right-of-use assets |  |  | 2,246 |  |  | — |  |  | 2,246 |
Intangible assets |  |  | 12,800 |  |  | 800 |  |  | 13,600 |
Goodwill |  |  | 18,089 |  |  | (235 | ) |  | 17,854 |
Other assets |  |  | 31 |  |  | 11 |  |  | 42 |
Total assets acquired |  |  | 51,049 |  |  | 768 |  |  | 51,817 |
Accounts payable |  |  | 1,574 |  |  | — |  |  | 1,574 |
Other accrued liabilities |  |  | 1,170 |  |  | 837 |  |  | 2,007 |
Contract liabilities |  |  | 1,662 |  |  | 167 |  |  | 1,829 |
Income taxes payable |  |  | 1,447 |  |  | 142 |  |  | 1,589 |
Current portion of long-term operating lease liabilities |  |  | 515 |  |  | — |  |  | 515 |
Long-term operating lease liabilities |  |  | 1,730 |  |  | — |  |  | 1,730 |
Deferred tax liability |  |  | 3,164 |  |  | 182 |  |  | 3,346 |
Total liabilities assumed |  |  | 11,262 |  |  | 1,328 |  |  | 12,590 |
Net assets acquired |  | $ | 39,787 |  | $ | (560 | ) | $ | 39,227 |
Fair Value Associated with Acquired Intangible Assets and Weighted-Average Amortization Periods | The fair value associated with acquired intangible assets and their associated weighted-average amortization periods consist of the following, in thousands:
|  | Classification of Amortization |  | Amount |  |  | Weighted-Average Amortization Period
Developed technology |  | Cost of sales |  | $ | 6,700 |  |  | 5.0 years
Customer relationships |  | Selling, general and administrative |  |  | 2,800 |  |  | 10.0 years
Backlog |  | Selling, general and administrative |  |  | 2,100 |  |  | 1.0 year
Trade names |  | Selling, general and administrative |  |  | 1,800 |  |  | 10.0 years
Noncompetition agreements |  | Selling, general and administrative |  |  | 200 |  |  | 5.0 years
Total intangible assets |  |  |  | $ | 13,600 |  |  | 6.1 years
Summary of Unaudited Pro forma Financial Information | The following unaudited pro forma financial information presents the combined results of operations of Amtech and Entrepix, in thousands, as if the acquisition occurred on October 1, 2021. The unaudited pro forma financial information is presented for informational purposes only and is not indicative of the results of operations that would have been achieved if the acquisition had taken place on the date indicated or of results that may occur in the future.
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Revenues, Net |  | $ | 30,740 |  |  | $ | 25,496 |  |  | $ | 93,206 |  |  | $ | 91,321 |
Net (Loss) Income |  | $ | (580 | ) |  | $ | 9,694 |  |  | $ | 883 |  |  | $ | 9,670 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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