XML 32 R23.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Supporting Financial Information (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable | Accounts receivable
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2021 |  | 2021
Billed receivables |  |  | $ | 38,168 |  |  | $ | 26,140 |
Contract assets |  |  | 8,675 |  |  | 7,307 |
Total accounts receivable |  |  | 46,843 |  |  | 33,447 |
Less: Allowance for doubtful accounts | (a) |  | — |  |  | — |
Accounts receivable, net |  |  | $ | 46,843 |  |  | $ | 33,447 |
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 December 31, 2021 or September 30, 2021.
Schedule of Other Current Assets | Other current assets
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
|  |  | 2021 |  | 2021
Prepaid insurance and benefits |  |  | $ | 416 |  |  | $ | 655 |
Other receivables |  |  | 999 |  |  | 995 |
Other prepaid expenses |  |  | 3,482 |  |  | 2,615 |
Other current assets |  |  | $ | 4,897 |  |  | $ | 4,265 |
Schedule of Equipment and Improvements, Net | Equipment and improvements, net
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2021 |  | 2021
Furniture and equipment |  |  | $ | 958 |  |  | $ | 958 |
Computer equipment |  |  | 1,262 |  |  | 1,262 |
Computer software |  |  | 4,353 |  |  | 4,353 |
Leasehold improvements |  |  | 1,595 |  |  | 1,595 |
Total equipment and improvements |  |  | 8,168 |  |  | 8,168 |
Less accumulated depreciation and amortization | (a) |  | (6,595) |  |  | (6,256) |
Equipment and improvements, net |  |  | $ | 1,573 |  |  | $ | 1,912 |
Ref (a): Depreciation expense was $0.3 million and $0.4 million for the three months ended December 31, 2021 and 2020, respectively.
Schedule of Intangible Assets | Intangible assets
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
| Ref |  | 2021 |  | 2021
Intangible assets | (a) |  |  |  |
Customer contracts and related customer relationships |  |  | $ | 62,281 |  |  | $ | 62,281 |
Covenants not to compete |  |  | 522 |  |  | 522 |
Trade name |  |  | 3,051 |  |  | 3,051 |
Total intangible assets |  |  | 65,854 |  |  | 65,854 |
Less accumulated amortization |  |  |  |  |
Customer contracts and related customer relationships |  |  | (18,935) |  |  | (17,378) |
Covenants not to compete |  |  | (277) |  |  | (264) |
Trade name |  |  | (819) |  |  | (743) |
Total accumulated amortization |  |  | (20,031) |  |  | (18,385) |
Intangible assets, net |  |  | $ | 45,823 |  |  | $ | 47,469 |
Ref (a): Intangible assets (other than goodwill) are subject to amortization. These intangible assets are amortized on a straight-line basis over their estimated useful lives of 10 years. The total amount of amortization expense was $1.6 million for the three months ended December 31, 2021 and 2020.
Schedule of Estimated Amortization of Intangible Assets |
Estimated amortization expense for the following fiscal years: |  | (in thousands)
2022 (remaining) |  | $ | 4,939 |
2023 |  | 6,585 |
2024 |  | 6,585 |
2025 |  | 6,585 |
2026 |  | 5,851 |
Thereafter |  | 15,278 |
Total amortization expense |  | $ | 45,823 |
Schedule of Accounts Payable, Accrued Expenses, and Other Current Liabilities | Accounts payable, accrued expenses, and other current liabilities
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
|  |  | 2021 |  | 2021
Accounts payable |  |  | $ | 14,198 |  |  | $ | 16,684 |
Accrued benefits |  |  | 2,803 |  |  | 2,916 |
Accrued bonus and incentive compensation |  |  | 1,200 |  |  | 2,381 |
Accrued workers' compensation insurance |  |  | 5,885 |  |  | 7,014 |
Other accrued expenses |  |  | 6,297 |  |  | 3,722 |
Accounts payable, accrued expenses, and other current liabilities |  |  | $ | 30,383 |  |  | $ | 32,717 |
Schedule of Debt Obligations | Debt obligations
|  |  | (in thousands)
|  |  | December 31, |  | September 30,
|  |  | 2021 |  | 2021
Bank term loan |  |  | $ | 42,875 |  |  | $ | 46,750 |
Less: unamortized deferred financing costs |  |  | (1,996) |  |  | (2,114) |
Long-term portion of bank debt obligations, net of deferred financing costs |  |  | $ | 40,879 |  |  | $ | 44,636 |
Schedule of Interest Expense | Interest expense
|  |  | Three Months Ended |  |
|  |  | December 31, |  |
(in thousands) | Ref |  | 2021 |  | 2020 |  |  |  |
Interest expense | (a) |  | $ | (521) |  |  | $ | (870) |  |  |  |  |
Amortization of deferred financing costs | (b) |  | (151) |  |  | (210) |  |  |  |  |
Interest expense, net |  |  | $ | (672) |  |  | $ | (1,080) |  |  |  |  |
Ref (a): Interest expense on borrowing Ref (b): Amortization of expenses related to term loan and revolving line of credit

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other current assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherCurrentAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration