Business Combinations (Tables)

12 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Total Acquisition Consideration and Allocation of Fair Value of Assets and Liabilities

The purchase price and its allocation are shown below. Based on the unaudited financial statements of S3 on June 7, 2019, we accounted for the total acquisition consideration and allocation of fair value to the related assets and liabilities as follows:

(Amounts in thousands)
Final purchase price for S3	$	70,115
Net assets acquired
Cash and cash equivalents	$	3,037
Accounts receivable	13,038
Other current assets	1,418
Total current assets	17,493
Accounts payable and accrued expenses	(4,488		)
Payroll liabilities	(3,624		)
Long term liabilities	(1,206		)
Net working capital	8,175
Equipment and improvements, net	4,605
Net identifiable assets acquired	12,780
Goodwill	26,769
Customer contracts and related customer relationships	28,974
Trade name	1,592
Intangible assets acquired	57,335
Net assets acquired	$	70,115

Schedule of Pro Forma Results (unaudited)

		(unaudited)
		(in thousands)
		Year ended
		September 30,
Pro forma results	Ref	2019		2018
Revenue		$	204,043	$	203,287
Net income (loss)	(a)	2,044		(1,456		)
Number of shares outstanding - basic		12,018		11,881
Number of shares outstanding - diluted		13,041		12,873
Basic earnings per share (loss)		$	0.17	$	(0.12	)
Diluted earnings per share (loss)		$	0.16	$	(0.11	)

Ref (a): Fiscal 2018 results include the impact of writing down the deferred tax asset by $3.4 million. The write down

is further described in Note 12 - Income Taxes.