XML 44 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of income before income tax and income tax expense are comprised of the following:

	For the Years Ended September 30,
	2018				2017
	(Amounts in thousands)
Income before income tax:
U.S.	$	(1,077	)		$	3,383
Foreign	(29		)		22
	$	(1,106	)		$	3,405
Income tax expense:
Current:
Federal	$	771			$	1,067
State	47				119
Foreign	—				—
	818				1,186
Deferred:
Federal	259				(86		)
State	(118		)		37
Foreign	(77		)		25
	64				(24		)
	$	882			$	1,162

Schedule of Effective Income Tax Rate Reconciliation

Reconciliation of federal statutory rate and income tax expense to the Company's effective tax rate and actual income tax expense is as follows:

	For the Years Ended September 30,
	2018							2017
	(Dollar amounts in thousands)
Computed “expected” tax expense (benefit)	$	(269	)		24.3	%		$	1,158			34.0	%
Increases (reductions) in taxes resulting from:
State income taxes, net of federal tax benefit	(107		)		9.7	%		80				2.4	%
Foreign operations	(70		)		6.3	%		18				0.5	%
Permanent differences	(14		)		1.3	%		(4		)		(0.1	)%
Change in valuation allowance	118				(10.7	)%		(37		)		(1.1	)%
Impact of 965 one-time transition tax	771				(69.7	)%		—				—	%
Federal tax rate change	588				(53.2	)%		—				—	%
Uncertain tax liability adjustment	11				(1.0	)%		8				0.2	%
Research & development credit	(125		)		11.3	%		(53		)		(1.6	)%
Other items	(21		)		2.0	%		(8		)		(0.2	)%
Income tax expense	$	882			(79.7	)%		$	1,162			34.1	%

Schedule of Deferred Tax Assets and Liabilities

For the years ended September 30, 2018 and 2017, temporary differences, which give rise to deferred tax assets (liabilities), are as follows:

	September 30, 2018				September 30, 2017
	(Amounts in thousands)
Deferred tax assets:
Pension	$	1,390			$	1,609
Intangibles	104				219
Other reserves and accruals	451				630
Inventory reserves and other	502				563
State credits, net of federal benefit	380				318
Federal and state net operating loss carryforwards	626				52
Foreign net operating loss carryforwards	1,489				1,531
Foreign exchange on intercompany loan	7				(77		)
Foreign tax credits	—				7
Depreciation and amortization	(396		)		(177		)
Gross deferred tax assets	4,553				4,675
Less: valuation allowance	(2,658		)		(2,712		)
Realizable deferred tax asset	1,895				1,963
Gross deferred tax liabilities	—				—
Net deferred tax assets	$	1,895			$	1,963

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

	For the Year Ended September 30, 2018				For the Year Ended September 30, 2017
	(Amounts in thousands)
Balance, beginning of year	$	209			$	202
Accrued penalties and interest	11				7
Balance, end of period	$	220			$	209

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration