Note 7 - Results of Operations by Quarter (Unaudited)

12 Months Ended

Sep. 30, 2014

Quarterly Financial Information [Text Block]

7.	RESULTS OF OPERATIONS BY QUARTER (UNAUDITED)

	Quarter ended
	December 31			March 31			June 30			September 30
	(in thousands except per share amounts)
2014
Revenues	$	9,951		$	10,828		$	11,147		$	11,497
Costs and expenses		11,220			11,346			11,410			11,637
Loss from operations		(1,269	)		(518	)		(263	)		(140	)
Other income		619			591			276			845
Income (loss) before taxes		(650	)		73			13			705
Benefit from (provision for) income taxes		10			(20	)		25			475
Net income (loss)		(640	)		53			38			1,180
Basic and diluted net income (loss) per share		(.46	)		.04			.03			.85

2013
Revenues	$	7,693		$	9,753		$	9,204		$	11,026
Costs and expenses		6,992			8,616			8,758			9,521
Income from operations		701			1,137			446			1,505
Other income		563			524			715			697
Other-than-temporary impairment losses on investments		---			---			---			(1,719	)
Income before taxes		1,264			1,661			1,161			483
Benefits from (provision for) income taxes		(430	)		(510	)		(335	)		485
Net income		834			1,151			826			968
Basic and diluted net income per share		.60			.83			.60			.71

The Company amended its Form 10-Q for the third quarter of fiscal 2014 to restate amounts due to errors in the accounting for income taxes in connection with one of its acquisitions in fiscal 2013 as discussed in detail in Note 3. A reconciliation showing the effects of the restatement on the financial statements included in the original Form 10-Q is provided below:

	Three months ended June 30, 2014
	Previously Reported			Adjustment			Restated
	(in thousands except per share amounts)
2014
Revenues	$	11,147		$	-		$	11,147
Costs and expenses		11,410			-			11,410
Loss from operations		(263	)		-			(263	)
Other income		794			(518	)		276
Income (loss) before taxes		531			(518	)		13
Benefit from (provision for) income taxes		2,310			(2,285	)		25
Net income (loss)		2,841			(2,803	)		38
Basic and diluted net income (loss) per share		2.06			(2.03	)		.03

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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