Discontinued Operations and Assets Held For Sale (Tables)

12 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operation Income / Loss, Net

The results of discontinued operations for fiscal 2017 are as follows (in thousands):

	Fiscal
	2017
Net sales	$	26,996
Cost of sales	19,353
Operating expenses	9,002
Other expense	220
Income tax benefit	(57		)
Net loss from discontinued operations	$	(1,522	)

Disposal Groups, Including Discontinued Operations

Current assets and current liabilities classified as held for sale as of September 30, 2017 related to discontinued operations are as follows (in thousands):

	Discontinued Operations
Cash	$	33
Accounts receivable	6,931
Inventories	5,586
Prepaid expenses and other assets	607
Property and equipment	10,705
Intangible assets	11,400
Total current assets held for sale	$	35,262
Accounts payable	$	1,129
Other current liabilities	4,875
Total current liabilities held for sale	$	6,004

In the fourth quarter of fiscal 2017, management decided to sell several entities that we acquired in the Rofin acquisition. Although the sale was not completed as of the end of fiscal 2017, we recorded a non-cash impairment charge of $2.9 million to operating expense in our results of operations in the fourth quarter of fiscal 2017 to reduce our carrying value in these entities to fair value. Current assets and current liabilities classified as held for sale as of September 30, 2017 related to continuing operations are as follows (in thousands):

	Continuing Operations
Accounts receivable	$	1,668
Inventories	5,202
Prepaid expenses and other assets	472
Property and equipment	457
Intangible assets	1,187
Total current assets held for sale	$	8,986
Accounts payable	$	189
Other current liabilities	828
Total current liabilities held for sale	$	1,017