SUPPLEMENTAL BALANCE SHEET INFORMATION

12 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL BALANCE SHEET INFORMATION

SUPPLEMENTAL BALANCE SHEET INFORMATION

As of September 30, 2023 and 2022, one client of the RMS segment made up 13.6% and 20.4% , respectively, of the Company's total trade receivables balance.

Trade receivables and contract assets, net consisted of the following:

	September 30, 2023		September 30, 2022
Trade receivables	$	77,618	$	88,867
Unbilled revenue	17,211		17,474
Total	94,829		106,341
Less: Allowance for credit losses	(7,446)		(6,268)
Trade receivables and contract assets, net of allowances for credit losses	$	87,383	$	100,073

Inventories, net consisted of the following:

	September 30, 2023		September 30, 2022
Raw materials	$	2,259	$	1,757
Work in progress	124		186
Finished goods	4,439		4,933
Research Model Inventory	52,524		68,055
Total	59,346		74,931
Less: Obsolescence reserve	(3,244)		(3,490)
Inventories, net	$	56,102	$	71,441

Prepaid expenses and other current assets consisted of the following:

	September 30, 2023		September 30, 2022
Advances to suppliers	$	19,247	$	30,292
Prepaid research models	4,300		3,575
Tax-related receivables	1,813		366
Note receivable	1,226		—
Other	6,822		8,250
Prepaid expenses and other current assets	$	33,408	$	42,483

The composition of other assets is as follows:

	September 30, 2023		September 30, 2022
Long-term advances to suppliers	$	3,681	$	2,894
Funded status of defined benefit plan	3,036		1,573
Other	3,362		3,057
Other assets	$	10,079	$	7,524

The composition of property and equipment, net is as follows:

	September 30, 2023		September 30, 2022
Land and land improvements	$	30,710	$	20,025
Buildings and building improvements	120,932		110,572
Machinery and equipment	81,372		68,628
Furniture and fixtures	3,223		1,905
Other	3,664		—
Construction in progress	25,804		40,519
Total Cost	265,705		241,649
Accumulated depreciation	(74,637)		(55,450)
	$	191,068	$	186,199

Accrued expenses consisted of the following:

	September 30, 2023		September 30, 2022
Accrued compensation	$	12,966	$	17,460
Non-income taxes	4,596		1,200
Accrued interest	2,975		5,228
Other	5,239		11,913
Accrued expenses and other liabilities	$	25,776	$	35,801

The composition of fees invoiced in advance is as follows:

	September 30, 2023		September 30, 2022
Client deposits	$	36,689	$	39,222
Deferred revenue	18,933		29,420
Fees invoiced in advance	$	55,622	$	68,642