XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Assets Held for Sale
6 Months Ended
Mar. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Assets Held for Sale

8.   Assets Held for Sale

Property, Plant & Equipment

The Company owns a property located in Bogotá, Colombia that it is marketing for sale.  The property was used for warehousing its rental equipment operations, product sales and service support to its customers in South America.  The property’s carrying value at March 31, 2021 and September 30, 2020 of $0.5 million and $0.6 million, respectively, is classified as an asset held for sale in the accompanying consolidated balance sheets as of December 31, 2020 and September 30, 2020.  The Company has been marketing the property since the second quarter of fiscal year 2020.  The Company believes the fair market value of the property exceeds its carrying value and that the property will be sold within the next 12-months.

Rental Equipment

The Company classified rental equipment with a carrying value of $1.3 million as assets held for sale on its consolidated balance sheet as of March 31, 2021.  See Note 7 for more information.