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Quarterly Financial Data (Unaudited)
12 Months Ended
Sep. 30, 2019
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)
 
 
 
2019 Quarters
 
Ref
 
First
 
Second
 
Third
 
Fourth
Revenue
(a)
 
$
33,752

 
$
33,756

 
$
38,700

 
$
54,183

Income from operations
 
 
2,557

 
2,327

 
1,690

 
3,394

Interest expense, net
 
 
(177
)
 
(545
)
 
(562
)
 
(1,190
)
Income before income taxes
 
 
2,380

 
$
1,782

 
1,128

 
2,204

Income tax expense
 
 
690

 
$
517

 
325

 
639

Net income
 
 
$
1,690

 
$
1,265

 
$
803

 
$
1,565

Earnings per share:
 
 
 
 
 
 
 
 
 
Basic
 
 
$
0.14

 
$
0.11

 
$
0.07

 
$
0.13

Diluted
 
 
$
0.13

 
$
0.10

 
$
0.06

 
$
0.12

 
 
 
2018 Quarters
 
Ref
 
First
 
Second
 
Third
 
Fourth
Revenue
 
 
$
30,215

 
$
34,401

 
$
36,131

 
$
32,489

Income from operations
 
 
1,146

 
2,204

 
2,614

 
2,819

Interest expense, net
 
 
(278
)
 
(261
)
 
(262
)
 
(315
)
Income before income taxes
 
 
868

 
1,943

 
2,352

 
2,504

Income tax expense
(b)
 
3,719

 
627

 
738

 
747

Net income (loss)
 
 
$
(2,851
)
 
$
1,316

 
$
1,614

 
$
1,757

Earnings (loss) per share:
 
 
 
 
 
 
 
 
 
Basic
 
 
$
(0.24
)
 
$
0.11

 
$
0.14

 
$
0.15

Diluted
 
 
$
(0.24
)
 
$
0.10

 
$
0.13

 
$
0.14

_______________________________________________________________________________

Ref (a): The third and fourth quarters of fiscal 2019 include the results of operations of S3.

Ref (b): Refer to Note 12, Income Taxes, for a detailed explanation of the $3.4 million income tax discrete charge in fiscal year 2018, related to the 2017 Tax Cut and Jobs Act.