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Selected Quarterly Information (Unaudited)
12 Months Ended
Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Information (Unaudited)

21. Selected Quarterly Information (Unaudited):

The following table represents summarized data for each of the quarters in fiscal years 2017 and 2016 (in thousands, except per share amounts):

 

 

 

2017

 

 

 

Fourth Quarter

 

 

Third Quarter

 

 

Second Quarter

 

First Quarter

 

Revenue

 

$

23,683

 

 

$

14,195

 

 

$

20,558

 

 

$

15,285

 

Gross profit (loss)

 

 

(9,686

)

 

 

(5,112

)

 

 

(2,558

)

 

 

(3,327

)

Loss from operations

 

 

(18,178

)

 

 

(13,774

)

 

 

(11,060

)

 

 

(11,311

)

Other income (expense), net

 

 

231

 

 

 

46

 

 

 

(102

)

 

 

40

 

Net loss

 

 

(19,207

)

 

 

(14,376

)

 

 

(11,503

)

 

 

(11,705

)

Basic loss per share

 

$

(1.46

)

 

$

(1.09

)

 

$

(0.88

)

 

$

(0.89

)

Diluted loss per share

 

$

(1.46

)

 

$

(1.09

)

 

$

(0.88

)

 

$

(0.89

)

 

 

 

2016

 

 

 

Fourth Quarter

 

 

Third Quarter

 

 

Second Quarter

 

First Quarter

 

Revenue

 

$

16,314

 

 

$

17,678

 

 

$

14,931

 

 

$

13,137

 

Gross profit (loss)

 

 

(5,467

)

 

 

(2,900

)

 

 

(4,594

)

 

 

(6,402

)

Loss from operations

 

 

(14,816

)

 

 

(12,015

)

 

 

(13,987

)

 

 

(14,692

)

Other income (expense), net

 

 

2

 

 

 

(617

)

 

 

719

 

 

 

73

 

Net loss

 

 

(12,309

)

 

 

(11,654

)

 

 

(10,965

)

 

 

(11,042

)

Basic loss per share

 

$

(0.94

)

 

$

(0.89

)

 

$

(0.84

)

 

$

(0.85

)

Diluted loss per share

 

$

(0.94

)

 

$

(0.89

)

 

$

(0.84

)

 

$

(0.85

)

 

As discussed in Note 22, the Company restated its unaudited consolidated balance sheets for the quarters ended December 31, 2016, March 31, 2017 and June 30, 2017.   The impact of the restatement on these balance sheets was as follows (in thousands):

 

 

 

AS OF DECEMBER 31, 2016

 

 

 

As Reported

 

 

Adjustment

 

 

Restated

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

12,794

 

 

$

-

 

 

$

12,794

 

Short-term investments

 

 

24,739

 

 

 

-

 

 

 

24,739

 

Trade accounts receivable, net

 

 

13,819

 

 

 

-

 

 

 

13,819

 

Financing receivables, net

 

 

1,678

 

 

 

-

 

 

 

1,678

 

Income tax receivable

 

 

13,290

 

 

 

-

 

 

 

13,290

 

Inventories

 

 

101,765

 

 

 

(77,089

)

 

 

24,676

 

Prepaid and other current assets

 

 

1,855

 

 

 

-

 

 

 

1,855

 

    Total current assets

 

 

169,940

 

 

 

(77,089

)

 

 

92,851

 

Rental equipment

 

 

26,821

 

 

 

-

 

 

 

26,821

 

Property, plant and equipment

 

 

43,477

 

 

 

-

 

 

 

43,477

 

Non-current inventories

 

-

 

 

 

77,089

 

 

 

77,089

 

Deferred income tax assets, net

 

 

179

 

 

 

-

 

 

 

179

 

Non-current financing receivables, net

 

 

1,385

 

 

 

-

 

 

 

1,385

 

Prepaid income taxes

 

 

2,227

 

 

 

-

 

 

 

2,227

 

Other assets

 

 

80

 

 

 

-

 

 

 

80

 

    Total assets

 

 

244,109

 

 

 

-

 

 

 

244,109

 

Total liabilities and stockholders' equity

 

$

244,109

 

 

$

-

 

 

$

244,109

 

 

 

 

AS OF MARCH 31, 2017

 

 

 

As Reported

 

 

Adjustment

 

 

Restated

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

19,307

 

 

$

-

 

 

$

19,307

 

Short-term investments

 

 

28,862

 

 

 

-

 

 

 

28,862

 

Trade accounts receivable, net

 

 

16,709

 

 

 

-

 

 

 

16,709

 

Financing receivables, net

 

 

1,890

 

 

 

-

 

 

 

1,890

 

Income tax receivable

 

 

483

 

 

 

-

 

 

 

483

 

Inventories

 

 

92,103

 

 

 

(69,448

)

 

 

22,655

 

Prepaid and other current assets

 

 

1,827

 

 

 

-

 

 

 

1,827

 

    Total current assets

 

 

161,181

 

 

 

(69,448

)

 

 

91,733

 

Rental equipment

 

 

24,485

 

 

 

-

 

 

 

24,485

 

Property, plant and equipment

 

 

44,484

 

 

 

-

 

 

 

44,484

 

Non-current inventories

 

-

 

 

 

69,448

 

 

 

69,448

 

Deferred income tax assets, net

 

 

247

 

 

 

-

 

 

 

247

 

Non-current financing receivables, net

 

 

427

 

 

 

-

 

 

 

427

 

Prepaid income taxes

 

 

1,843

 

 

 

-

 

 

 

1,843

 

Other assets

 

 

80

 

 

 

-

 

 

 

80

 

    Total assets

 

 

232,747

 

 

 

-

 

 

 

232,747

 

Total liabilities and stockholders' equity

 

$

232,747

 

 

$

-

 

 

$

232,747

 

 

 

 

AS OF JUNE 30, 2017

 

 

 

As Reported

 

 

Adjustment

 

 

Restated

 

Current assets:

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

17,077

 

 

$

-

 

 

$

17,077

 

Short-term investments

 

 

36,461

 

 

 

-

 

 

 

36,461

 

Trade accounts receivable, net

 

 

8,327

 

 

 

-

 

 

 

8,327

 

Financing receivables, net

 

 

2,614

 

 

 

-

 

 

 

2,614

 

Income tax receivable

 

 

473

 

 

 

-

 

 

 

473

 

Inventories

 

 

88,024

 

 

 

(65,642

)

 

 

22,382

 

Prepaid and other current assets

 

 

1,854

 

 

 

-

 

 

 

1,854

 

    Total current assets

 

 

154,830

 

 

 

(65,642

)

 

 

89,188

 

Rental equipment

 

 

20,551

 

 

 

-

 

 

 

20,551

 

Property, plant and equipment

 

 

43,432

 

 

 

-

 

 

 

43,432

 

Non-current inventories

 

-

 

 

 

65,642

 

 

 

65,642

 

Deferred income tax assets, net

 

 

267

 

 

 

-

 

 

 

267

 

Non-current financing receivables, net

 

 

588

 

 

 

-

 

 

 

588

 

Prepaid income taxes

 

 

1,464

 

 

 

-

 

 

 

1,464

 

Other assets

 

 

641

 

 

 

-

 

 

 

641

 

    Total assets

 

 

221,773

 

 

 

-

 

 

 

221,773

 

Total liabilities and stockholders' equity

 

$

221,773

 

 

$

-

 

 

$

221,773