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Business Combinations (Tables) | 12 Months Ended
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Sep. 30, 2016
Business Combinations [Abstract] |
Schedule of Consideration Transfered | Consideration paid for Danya acquisition included:
(Amounts in thousands) |  |
Cash |  | $ | 36,470 |
Common stock, fair value |  | 2,500 |
Total Consideration |  | $ | 38,970 |
Schedule of Recognized Identified Assets Acquired |
(Amounts in thousands) |  |
Net assets acquired |  |
Cash and cash equivalents |  | $ | 4,009 |
Accounts receivable |  | 5,712 |
Other current assets |  | 444 |
Total current assets |  | 10,165 |
Accounts payable and accrued expenses |  | (5,013 | )
Payroll liabilities |  | (1,432 | )
Net working capital surplus |  | 3,720 |
Property and equipment, net |  | 403 |
Intangible assets: |  |
Customer relationships |  | 7,247 |
Covenant not to compete |  | 1,369 |
Other long term assets |  | 81 |
Net identifiable assets acquired |  | 12,820 |
Goodwill |  | 26,150 |
Net assets acquired |  | $ | 38,970 |
Pro Forma Results | The following table presents certain results for the twelve months ended September 30, 2016 and 2015 as though the acquisition of Danya had occurred on October 1, 2014. The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of our results if the acquisition had taken place on that date. The pro forma results presented below include amortization charges for acquired intangible assets and adjustments to interest expense incurred and exclude related acquisition expenses. The diluted earnings per share calculation takes into account as though the acquisition took place on October 1, 2014. The pro forma results also include the recognition of tax benefits from release of the valuation allowance of $1.8 million and $6.8 million for the twelve months ended September 30, 2016 and 2015, respectively. See Note 13 for further discussion.
|  | (in thousands)
|  | Twelve Months Ended
|  | September 30,
Pro forma results |  | 2016 |  | 2015
Revenue |  | $ | 119,245 |  |  | $ | 114,510 |
Net income |  | $ | 5,322 |  |  | $ | 9,498 |
Weighted shares outstanding - basic |  | 11,347 |  |  | 10,954 |
Weighted shares outstanding - diluted |  | 12,601 |  |  | 11,420 |
Basic earnings per share |  | $0.47 |  | $0.87
Diluted earnings per share |  | $0.42 |  | $0.83

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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/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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