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Supporting Financial Information (Tables) | 9 Months Ended
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Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable | Accounts receivable
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
| Ref |  | 2020 |  | 2019
Billed receivables |  |  | $ | 19,419 |  |  | $ | 18,924 |
Contract assets |  |  | 10,216 |  |  | 4,302 |
Total accounts receivable |  |  | 29,635 |  |  | 23,226 |
Less: Allowance for doubtful accounts | (a) |  | — |  |  | — |
Accounts receivable, net |  |  | $ | 29,635 |  |  | $ | 23,226 |
Ref (a): Accounts receivable are non-interest bearing, unsecured and carried at net realizable value. We evaluate our receivables on a quarterly basis and determine whether an allowance is appropriate based on specific collection issues. No allowance for doubtful accounts was deemed necessary at either June 30, 2020 or September 30, 2019.
Schedule of Other Current Assets | Other current assets
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
|  |  | 2020 |  | 2019
Prepaid insurance and benefits |  |  | $ | 833 |  |  | $ | 495 |
Other receivables |  |  | 1,407 |  |  | 301 |
Other prepaid expenses |  |  | 1,532 |  |  | 1,035 |
Other current assets |  |  | $ | 3,772 |  |  | $ | 1,831 |
Schedule of Equipment and Improvements, Net | Equipment and improvements, net
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
| Ref |  | 2020 |  | 2019
Furniture and equipment |  |  | $ | 1,262 |  |  | $ | 1,262 |
Computer equipment |  |  | 1,171 |  |  | 1,043 |
Computer software |  |  | 4,008 |  |  | 3,985 |
Leasehold improvements |  |  | 1,595 |  |  | 1,595 |
Total equipment and improvements |  |  | 8,036 |  |  | 7,885 |
Less accumulated depreciation and amortization |  |  | (4,267) |  |  | (2,542) |
Equipment and improvements, net | (a) |  | $ | 3,769 |  |  | $ | 5,343 |
Ref (a): Depreciation expense was $0.5 million and $0.3 million for the three months ended June 30, 2020 and 2019, respectively, and $1.7 million and $0.5 million for the nine months ended June 30, 2020 and 2019, respectively.
Schedule of Intangible Assets | Intangible assets
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
| Ref |  | 2020 |  | 2019
Intangible assets | (a) |  |  |  |
Customer contracts and related customer relationships |  |  | $ | 45,600 |  |  | $ | 45,600 |
Covenants not to compete |  |  | 480 |  |  | 480 |
Trade name |  |  | 2,109 |  |  | 2,109 |
Total intangible assets |  |  | 48,189 |  |  | 48,189 |
Less accumulated amortization |  |  |  |  |
Customer contracts and related customer relationships |  |  | (10,010) |  |  | (6,590) |
Covenants not to compete |  |  | (200) |  |  | (164) |
Trade name |  |  | (385) |  |  | (227) |
Total accumulated amortization |  |  | (10,595) |  |  | (6,981) |
Intangible assets, net |  |  | $ | 37,594 |  |  | $ | 41,208 |
Ref (a): Intangible assets subject to amortization. The intangibles are amortized on a straight-line basis over their estimated useful lives of 10 years. The total amount of amortization expense was $1.2 million and $0.6 million for the three months ended June 30, 2020 and 2019, respectively, and $3.6 million and $1.5 million for the nine months ended June 30, 2020 and 2019, respectively.
Schedule of Estimated Amortization of Intangible Assets |
Estimated amortization expense for future years: |  | (in thousands)
Remaining Fiscal 2020 |  | $ | 1,205 |
Fiscal 2021 |  | 4,819 |
Fiscal 2022 |  | 4,819 |
Fiscal 2023 |  | 4,819 |
Fiscal 2024 |  | 4,819 |
Thereafter |  | 17,113 |
Total amortization expense |  | $ | 37,594 |
Schedule of Accounts Payable, Accrued Expenses, and Other Current Liabilities | Accounts payable, accrued expenses and other current liabilities
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
|  |  | 2020 |  | 2019
Accounts payable |  |  | $ | 11,827 |  |  | $ | 10,054 |
Accrued benefits |  |  | 2,963 |  |  | 2,252 |
Accrued bonus and incentive compensation |  |  | 1,819 |  |  | 1,951 |
Accrued workers' compensation insurance |  |  | 4,888 |  |  | 4,007 |
Other accrued expenses |  |  | 2,756 |  |  | 2,369 |
Accounts payable, accrued expenses, and other current liabilities |  |  | $ | 24,253 |  |  | $ | 20,633 |
Schedule of Debt Obligations | Debt obligations
|  |  | (in thousands) |  |
|  |  | June 30, |  | September 30,
|  |  | 2020 |  | 2019
Bank term loan |  |  | $ | 44,500 |  |  | $ | 56,000 |
Less unamortized deferred financing cost |  |  | (1,958) |  |  | (2,371) |
Net bank debt obligation |  |  | 42,542 |  |  | 53,629 |
Less current portion of term loan debt obligations |  |  | — |  |  | — |
Long-term portion of bank debt obligation |  |  | $ | 42,542 |  |  | $ | 53,629 |
Schedule of Interest Expense | Interest expense
|  |  | (in thousands) |  |  |  | (in thousands) |  |
|  |  | Three Months Ended |  |  |  | Nine Months Ended |  |
|  |  | June 30, |  |  |  | June 30, |  |
| Ref |  | 2020 |  | 2019 |  | 2020 |  | 2019
Interest expense | (a) |  | $ | (635) |  |  | $ | (297) |  |  | $ | (2,229) |  |  | $ | (485) |
Amortization of deferred financing costs | (b) |  | (178) |  |  | (265) |  |  | (551) |  |  | (799) |
Other income (expense), net | (c) |  | — |  |  | — |  |  | 121 |  |  | — |
Interest expense, net |  |  | $ | (813) |  |  | $ | (562) |  |  | $ | (2,659) |  |  | $ | (1,284) |
Ref (a): Interest expense on borrowing Ref (b): Amortization of expenses related to term loan and revolving line of credit Ref (c): Gain on lease modification due to a lease amendment

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