Business Combinations (Tables)

12 Months Ended

Sep. 30, 2016

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