Business Acquisitions	12 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]
Business Acquisitions	3. Business Acquisitions OptoSeis^®fiber optic sensing technology On November 13, 2018, the Company acquired all of the intellectual property and related assets of the OptoSeis^® fiber optic sensing technology business from PGS Americas, Inc. The assets of the OptoSeis^® business are included in the Company’s Oil and Gas Markets business segment. The acquisition represented the Company’s strategy for the addition of breadth to its PRM and other products. 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 beginning on the date of acquisition. The contingent cash payments will be derived from certain eligible product and service revenue generated during the earn-out period. In connection with the OptoSeis^® acquisition, the Company recorded goodwill of $0.7 million (deductible for tax purposes), other intangible assets of $3.7 million, fixed assets of $1.7 million and has established an initial contingent earn-out liability of $4.3 million. Legal costs of $0.2 million related to the OptoSeis^® acquisition are included in selling, general and administrative expenses. For the fiscal year ended September 30, 2019, the estimated fair value of the acquired OptoSeis^® assets was revised, including a $1.8 million addition to machinery and equipment, which was offset by a $1.0 million decrease in goodwill and a $0.8 million decrease in other intangible assets. Quantum Technology Sciences, Inc. On July 27, 2018, the Company acquired Quantum Technology Sciences, Inc., a Florida-based tactical security and surveillance systems solutions provider (“Quantum”) through a merger of the Company’s subsidiary with and into Quantum, with Quantum as the surviving corporation. The acquisition represented the Company’s strategy to expand its product revenues, as well as its engineering and manufacturing competencies, to markets outside the oil and gas industry. The acquisition purchase price for Quantum consisted of a cash down payment at closing of approximately $4.4 million and contingent earn-out payments of up to $23.5 million over a four-year period. In connection with the acquisition the Company recorded goodwill of $4.3 million (not deductible for tax purposes) and other intangible assets of $8.2 million and established an initial contingent earn-out liability of $7.7 million. Current assets and current liabilities of $0.2 million and $0.6 million were acquired in the transaction. The contingent earn-out payments, if any, which may be paid in the form of cash or Company stock, will be derived from certain eligible revenue that may be generated during the four-year earn-out period. Acquisition related costs of $0.3 million incurred in connection with the transaction are included in selling, general and administrative expenses in the Company’s consolidated financial statements.

Business Acquisitions

12 Months Ended

Sep. 30, 2019

3. Business Acquisitions

OptoSeis^®fiber optic sensing technology

On November 13, 2018, the Company acquired all of the intellectual property and related assets of the OptoSeis^® fiber optic sensing technology business from PGS Americas, Inc. The assets of the OptoSeis^® business are included in the Company’s Oil and Gas Markets business segment. The acquisition represented the Company’s strategy for the addition of breadth to its PRM and other products. 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 beginning on the date of acquisition. The contingent cash payments will be derived from certain eligible product and service revenue generated during the earn-out period.

In connection with the OptoSeis^® acquisition, the Company recorded goodwill of $0.7 million (deductible for tax purposes), other intangible assets of $3.7 million, fixed assets of $1.7 million and has established an initial contingent earn-out liability of $4.3 million.

Legal costs of $0.2 million related to the OptoSeis^® acquisition are included in selling, general and administrative expenses.

For the fiscal year ended September 30, 2019, the estimated fair value of the acquired OptoSeis^® assets was revised, including a $1.8 million addition to machinery and equipment, which was offset by a $1.0 million decrease in goodwill and a $0.8 million decrease in other intangible assets.

Quantum Technology Sciences, Inc.

On July 27, 2018, the Company acquired Quantum Technology Sciences, Inc., a Florida-based tactical security and surveillance systems solutions provider (“Quantum”) through a merger of the Company’s subsidiary with and into Quantum, with Quantum as the surviving corporation. The acquisition represented the Company’s strategy to expand its product revenues, as well as its engineering and manufacturing competencies, to markets outside the oil and gas industry.

The acquisition purchase price for Quantum consisted of a cash down payment at closing of approximately $4.4 million and contingent earn-out payments of up to $23.5 million over a four-year period.

In connection with the acquisition the Company recorded goodwill of $4.3 million (not deductible for tax purposes) and other intangible assets of $8.2 million and established an initial contingent earn-out liability of $7.7 million. Current assets and current liabilities of $0.2 million and $0.6 million were acquired in the transaction. The contingent earn-out payments, if any, which may be paid in the form of cash or Company stock, will be derived from certain eligible revenue that may be generated during the four-year earn-out period.

Acquisition related costs of $0.3 million incurred in connection with the transaction are included in selling, general and administrative expenses in the Company’s consolidated financial statements.