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Business Combinations (Tables) | 6 Months Ended
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Mar. 31, 2017
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | e allocated total acquisition consideration and the finalized allocation of fair value to the related assets and liabilities as follows:
(Amounts in thousands) |  |
Cash |  | $ | 36,720 |
Common stock, fair value |  | 2,500 |
Total Consideration |  | $ | 39,220 |
(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 |  | 16,626 |
Covenant not to compete |  | 480 |
Trade name |  | 517 |
Other long term assets |  | 81 |
Net identifiable assets acquired |  | 18,107 |
Goodwill |  | 17,393 |
Net assets acquired |  | $ | 39,220 |
Business Acquisition, Pro Forma Information | The pro forma results presented below include amortization charges for acquired intangible assets and adjustments to interest expense incurred and exclude related acquisition expenses.
|  | (in thousands) |  | (in thousands)
|  | Three Months Ended |  | Six Months Ended
|  | March 31, |  | March 31,
Pro forma results |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Revenue |  | $ | 29,905 |  |  | $ | 28,987 |  |  | $ | 56,016 |  |  | $ | 57,495 |
Net income |  | $ | 979 |  |  | $ | 821 |  |  | $ | 1,303 |  |  | $ | 426 |
Number of shares outstanding - basic |  | 11,249 |  |  | 11,098 |  |  | 11,225 |  |  | 11,023 |
Number of shares outstanding - diluted |  | 12,745 |  |  | 12,047 |  |  | 12,713 |  |  | 11,921 |
Basic earnings per share |  | $ | 0.09 |  |  | $0.07 |  | $0.12 |  | $0.04
Diluted earnings per share |  | $ | 0.08 |  |  | $0.07 |  | $0.10 |  | $0.04

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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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