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Business Combinations (Tables) | 9 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Schedule of Total Consideration and Preliminary Fair Value of Assets and Liabilities | Based on the unaudited financial statements of SSS on June 7, 2019, we estimate total acquisition consideration and the preliminary allocation of fair value to the related assets and liabilities as follows:
(Amounts in thousands) |  |
Preliminary purchase price for SSS |  | $ | 69,558 |
Estimated net assets acquired |  |
Cash and cash equivalents |  | $ | 3,037 |
Accounts receivable |  | 12,819 |
Other current assets |  | 1,418 |
Total current assets |  | 17,274 |
Accounts payable and accrued expenses |  | (3,933 | )
Payroll liabilities |  | (3,458 | )
Estimated net working capital |  | 9,883 |
Property and equipment, net |  | 4,605 |
Net identifiable assets acquired |  | 14,488 |
Goodwill and other intangibles |  | 55,070 |
Net assets acquired |  | $ | 69,558 |
Schedule of Pro Forma Information | The following table presents certain results for the three and nine months ended June 30, 2019 and 2018 as though the acquisition of SSS had occurred on October 1, 2017. 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 information was prepared by combining our reported historical results with the historical results of SSS for the pre-acquisition periods. In addition, the reported historical amounts were adjusted for the following items, net of associated tax effects:
• | The impact of acquisition financing.
• | The removal of certain SSS operations due to completed and nonrecurring contracts.
• | The removal of the legacy SSS Employee Stock Ownership Plan ("ESOP") expenses.
• | The removal of SSS's historical goodwill amortization.
• | The impact of recording SSS's intangible asset amortization.
• | The removal of SSS's historical debt-related interest expense.
• | The impact of interest expense for the new credit facility.
• | The removal of legacy SSS director's fees.
• | The removal of transaction costs for the acquisition incurred by SSS.
|  | (in thousands) |  | (in thousands)
|  | Three Months Ended |  | Nine Months Ended
|  | June 30, |  | June 30,
Pro forma results |  | 2019 |  | 2018 |  | 2019 |  | 2018
Revenue |  | $ | 51,344 |  |  | $ | 53,578 |  |  | $ | 151,654 |  |  | $ | 154,570 |
Net income (loss) |  | (191 | ) |  | 752 |  |  | 1,346 |  |  | 2,262 |
Number of shares outstanding - basic |  | 12,036 |  |  | 11,899 |  |  | 12,011 |  |  | 11,875 |
Number of shares outstanding - diluted |  | 13,077 |  |  | 12,884 |  |  | 13,048 |  |  | 12,872 |
Basic earnings per share (loss) |  | $(0.02) |  | $0.06 |  | $0.11 |  | $0.19
Diluted earnings per share (loss) |  | $(0.01) |  | $0.06 |  | $0.10 |  | $0.18

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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