Discontinued Operations (Tables)

9 Months Ended

Jun. 30, 2014

Income Statements

Schedule of Discontinued Operations

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

	Three Months Ended				Nine Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Revenues	$	—	$	7,786	$	13,923	$	22,743
Income from discontinued operations, net of tax of $0, $206, $633 and $652, respectively		—		222		1,041		702
Gain on sale of discontinued operations, net of tax of $0, $0, $5,218 and $0, respectively		—		—		8,563		—
Net income from discontinued operations, net of tax	$	—	$	222	$	9,604	$	702
Earnings per share information:
Basic	$	—	$	0.02	$	0.80	$	0.06
Diluted	$	—	$	0.02	$	0.80	$	0.06

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		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