Selected Balance Sheet Data

9 Months Ended

Jun. 30, 2012

Selected Balance Sheet Data [Abstract]

SELECTED BALANCE SHEET DATA

3. SELECTED BALANCE SHEET DATA

Inventories.  Inventories consist of the following:

	June 30,           2012		September 30,           2011
Finished goods	$	1,512	$	3,227
Work-in-process		25,515		19,870
Raw materials and supplies		8,952		13,875
Deferred cost of revenues		4,916		2,182
Under(over) applied manufacturing overhead costs		(1,242)		-
Total	$	39,653	$	39,154

For our Specialty Chemicals segment, purchase price variances or volume or capacity cost variances associated with indirect manufacturing costs that are planned and expected to be absorbed by goods produced through the end of our fiscal year are deferred at interim reporting dates as under (over) applied manufacturing overhead costs. The effect of unplanned or unanticipated purchase price or volume variances are applied to goods produced in the period.

Intangible Assets. Intangible assets consist of the following:

	June 30,           2012		September 30,           2011
Customer relationships	$	—	$	8,970
Less accumulated amortization		—		(8,385)
	$	—	$	585

As of September 30, 2011, customer relationships are assets of our Aerospace Equipment segment. As of June 30, 2012, the remaining unamortized balance of Aerospace Equipment segment intangibles assets is classified as held for sale.

Customer relationships assets of our Fine Chemicals segment were fully amortized as of May 2011. Amortization expense, associated with continuing operations, was $110 and $537 for the three months and nine months ended June 30, 2011, respectively.

Goodwill. Goodwill is an asset of our Aerospace Equipment segment and is classified as held for sale as of June 30, 2012.