Quarterly Financial Data (Unaudited)

12 Months Ended

Sep. 30, 2021

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

A summary of quarterly information is as follows (in thousands, except per share data)

		2021 Quarters
	Ref	First		Second		Third		Fourth
Revenue	(a)	$	57,852	$	61,506	$	61,555	$	65,182
Income from operations		3,635		4,620		4,939		4,030
Interest expense, net		(1,080)		(1,004)		(893)		(808)
Income before income taxes		2,555		3,616		4,046		3,222
Income tax expense		741		1,049		1,166		339
Net income		$	1,814	$	2,567	$	2,880	$	2,883
Earnings per share:
Basic		$	0.15	$	0.20	$	0.23	$	0.23
Diluted		$	0.13	$	0.19	$	0.21	$	0.21

	2020 Quarters
	First		Second		Third		Fourth
Revenue	$	52,238	$	54,798	$	51,459	$	50,691
Income from operations	3,126		3,837		3,800		2,698
Interest expense, net	(941)		(906)		(813)		(781)
Income before income taxes	2,185		2,931		2,987		1,917
Income tax expense	634		855		863		554
Net income	$	1,551	$	2,076	$	2,124	$	1,363
Earnings per share:
Basic	$	0.13	$	0.17	$	0.17	$	0.11
Diluted	$	0.12	$	0.16	$	0.16	$	0.10

Ref (a): Given its closing on the final day of fiscal year 2020, IBA has no impact to fiscal 2020 quarterly results and is fully included in each of the quarters of fiscal 2021.