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BUSINESS COMBINATION (Tables)
 12 Months Ended
Sep. 30, 2020
Business Combinations [Abstract]  
Summary of consideration transferred and allocation of fair values of assets acquired and liabilities assumed See below for a summary of the different components that comprise the total consideration.
Amount
Total cash consideration paid for KMG outstanding common stock and equity awards$900,756 
Cash provided to payoff KMG debt304,648 
Total cash consideration paid1,205,404 
Fair value of CMC common stock issued for KMG outstanding common stock and equity awards331,048 
Total consideration transferred$1,536,452 
Components of identifiable intangible assets acquired and their estimated useful lives
The following table sets forth the components of identifiable intangible assets acquired:
Acquisition Date Fair ValueEstimated Useful Life
(years)
Customer relationships - Flowchem$315,000 20
Customer relationships - Electronic chemicals280,000 19
Customer relationships - all other109,000 
15-16
Technology and know-how85,500 
9-11
Trade name - Flowchem46,000 Indefinite
Trade name - all other7,000 
1-15
EPA product registration rights2,300 15
Total intangible assets$844,800 
Components of identifiable intangible assets acquired and their estimated useful lives
The following table sets forth the components of identifiable intangible assets acquired:
Acquisition Date Fair ValueEstimated Useful Life
(years)
Customer relationships - Flowchem$315,000 20
Customer relationships - Electronic chemicals280,000 19
Customer relationships - all other109,000 
15-16
Technology and know-how85,500 
9-11
Trade name - Flowchem46,000 Indefinite
Trade name - all other7,000 
1-15
EPA product registration rights2,300 15
Total intangible assets$844,800 
Supplemental pro forma information
The following unaudited supplemental pro forma information summarizes the combined results of operations as if the Acquisition had occurred on October 1, 2017.
Year Ended September 30,
20192018
Revenue$1,099,674 $1,063,563 
Net income67,722 50,055 
Earnings per share - basic$2.34 $1.74 
Earnings per share - diluted$2.30 $1.70