SCB DIVESTITURE AND DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The pre-tax loss on the sale of SCB for the year ended September 30, 2015 included in Loss on discontinued operations, net in the income statement is calculated as follows:

	July 9, 2015
(in thousands)	(unaudited)
Purchase price	$	2,405
Net book value of assets sold	(2,630		)
Legal fees associated with closing	(114		)
Finder's fee	(50		)
Sales tax on asset sale	(20		)
Other	(24		)
Loss on sale of SCB	$	(433	)

Carrying amounts of major classes of assets and liabilities that were disposed of follows:

	July 9, 2015		September 30, 2014
(in thousands)	(unaudited)
Inventories, net	1,803		2,046
Other current assets	53		112
Fixed assets, net	916		1,320
Intangible assets, net	—		4,123
Customer deposits	(142	)	—
Net assets sold	2,630		7,601

SCB's revenue and loss before income taxes follows:

	Years Ended
	September 30, 2015		September 30, 2014
(in thousands)
Net sales	5,407		16,182
Loss before income taxes	(5,979	)	(420	)

The components of the loss on discontinued operations before income taxes follows:

	Years Ended
	September 30, 2015			September 30, 2014
(in thousands)
Operating loss before income taxes	$	(1,922	)	$	(420	)
Provision for income taxes	(3		)	(3		)
Impairment	(4,057		)	—
Loss on sale	(433		)	—
	$	(6,415	)	$	(423	)