Discontinued Operations (Tables)

6 Months Ended

Mar. 31, 2014

Income Statements

Schedule of Discontinued Operations

Summary comparative financial results of discontinued operations were as follows (in thousands):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Revenues	$	1,557	$	7,874	$	13,923	$	14,957
Income from discontinued operations, net of tax of $131, $334, $633 and $478, respectively		54		616		1,041		881
Gain on sale of discontinued operations, net of tax of $5,218, $0, $5,218 and $0, respectively		8,563		—		8,563		—
Net income from discontinued operations, net of tax	$	8,617	$	616	$	9,604	$	881
Earnings per share information:
Basic	$	0.72	$	0.05	$	0.80	$	0.07
Diluted	$	0.71	$	0.05	$	0.80	$	0.07

Balance Sheets

Schedule of Discontinued Operations

The following table presents the assets and liabilities of Transdyn as of September 30, 2013 (in thousands):

	September 30, 2013
Current assets:
Cash and cash equivalents	$	337
Accounts receivable		7,346
Contracts in progress		7,201
Inventories, net		20
Prepaid expenses and other current assets		505
Current assets held for sale	$	15,409
Long-term assets:
Property, plant and equipment, net	$	93
Other assets		51
Long-term assets held for sale	$	144
Current liabilities:
Accounts payable	$	2,973
Accrued salaries, bonuses and commissions		1,675
Billings in excess of cost		11,867
Other accrued expenses and liabilities		1,333
Current liabilities held for sale	$	17,848
Long-term liabilities:
Long-term liabilities held for sale	$	204