Business Acquisition	3 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]
Business Acquisition	3. Business Acquisition On November 13, 2018, the Company acquired all of the intellectual property and related assets of the OptoSeis^® fiber optic sensing technology business. The assets of the OptoSeis business are included in the Company’s Oil and Gas Markets business segment. The acquisition purchase price consisted of cash at closing of approximately $1.8 million and contingent earn-out payments of up to $23.2 million over a five-and-a-half year period. The contingent cash payments will be derived from eligible revenue generated during the earn-out period from product and services. In connection with the acquisition the Company recorded goodwill and other intangible assets of $6.1 million and established an initial contingent earn-out liability of $4.3 million. No current assets and liabilities were acquired in the transaction. The contingent earn-out payments will be derived from certain eligible revenue generated during the five-and-a-half year earn-out period. Acquisition related legal costs of $0.2 million are included in selling, general and administrative expenses in the Company’s consolidated financial statements. Due to the limited amount of time since the acquisition transaction, the valuation of the OptoSeis assets and liabilities and the determination of the fair value of the contingent consideration are considered by the Company as preliminary and subject to change.

Business Acquisition

3 Months Ended

Dec. 31, 2018

3. Business Acquisition

On November 13, 2018, the Company acquired all of the intellectual property and related assets of the OptoSeis^® fiber optic sensing technology business. The assets of the OptoSeis business are included in the Company’s Oil and Gas Markets business segment. The acquisition purchase price consisted of cash at closing of approximately $1.8 million and contingent earn-out payments of up to $23.2 million over a five-and-a-half year period. The contingent cash payments will be derived from eligible revenue generated during the earn-out period from product and services.

In connection with the acquisition the Company recorded goodwill and other intangible assets of $6.1 million and established an initial contingent earn-out liability of $4.3 million. No current assets and liabilities were acquired in the transaction. The contingent earn-out payments will be derived from certain eligible revenue generated during the five-and-a-half year earn-out period.

Acquisition related legal costs of $0.2 million are included in selling, general and administrative expenses in the Company’s consolidated financial statements. Due to the limited amount of time since the acquisition transaction, the valuation of the OptoSeis assets and liabilities and the determination of the fair value of the contingent consideration are considered by the Company as preliminary and subject to change.