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Discontinued Operations, Assets Held for Sale, and Business Divestiture | 9 Months Ended
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Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations, Assets Held for Sale, and Business Divestiture | Discontinued Operations, Assets Held for Sale, and Business Divestiture As part of the Company’s strategy to focus on its core competencies in the Aerospace and Energy ("A&E") market, the Company decided to exit the Turbine Component Service and Repair ("Repair Group") business in the fourth quarter of fiscal 2013. The table below presents the components of the balance sheet accounts classified as assets and liabilities held for sale at June 30, 2014 and September 30, 2013, respectively.
| June 30, 2014 |  | September 30, 2013
Assets: |  |  |
Receivables, net | $ | 103 |  |  | $ | 1,067 |
Inventories, net | — |  |  | 660 |
Deferred income taxes | 42 |  |  | 317 |
Prepaid expenses and other current assets | — |  |  | 15 |
Total current assets of business from discontinued operations | $ | 145 |  |  | $ | 2,059 |
Current assets held for sale | $ | 264 |  |  | $ | 278 |
Property, plant and equipment, net | $ | — |  |  | $ | 840 |
Other assets | — |  |  | 32 |
Total noncurrent assets of business from discontinued operations | $ | — |  |  | $ | 872 |
Liabilities: |  |  |
Accounts payable | 116 |  |  | 278 |
Accrued liabilities | — |  |  | 808 |
Total current liabilities of business from discontinued operations | $ | 116 |  |  | $ | 1,086 |
As of June 30, 2014 and September 30, 2013, certain assets were recorded at the lower of their carrying value or fair value. The financial results of the Repair Group included in discontinued operations were as follows:
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Net sales | $ | — |  |  | $ | 1,612 |  |  | $ | 1,339 |  |  | $ | 4,457 |
Loss before income tax provision | (109 | ) |  | (494 | ) |  | (576 | ) |  | (1,430 | )
Income tax benefit | (33 | ) |  | (186 | ) |  | (208 | ) |  | (567 | )
Loss from discontinued operations, net of tax | $ | (76 | ) |  | $ | (308 | ) |  | $ | (368 | ) |  | $ | (863 | )
As the Company exited the Repair Group, the Company recognized $959 in workforce reduction costs of which $274 was incurred in the first nine months of fiscal 2014 and $701 was paid as of June 30, 2014. On December 10, 2012, the Company completed the divestiture of its Applied Surface Concepts ("ASC") business. There were no assets or liabilities held for sale at June 30, 2014 and September 30, 2013. The financial results of ASC included in discontinued operations were as follows:
| Three Months Ended June 30, 2013 |  | Nine Months Ended June 30, 2013
Net sales | $ | — |  |  | $ | 2,727 |
Income before income tax provision | — |  |  | 180 |
Income tax provision | 79 |  |  | 127 |
Income (loss) from operations, net of tax | (79 | ) |  | 53 |
Gain (loss) on sale of discontinued operations, net of tax | — |  |  | 2,328 |
Income (loss) from discontinued operations, net of tax | $ | (79 | ) |  | $ | 2,381 |

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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