Discontinued Operations

3 Months Ended

Dec. 31, 2014

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

I. DISCONTINUED OPERATIONS

On January 15, 2014, we sold our wholly-owned subsidiary Transdyn to a global provider of electronic toll collection systems, headquartered in Vienna, Austria.  The purchase price from the sale of this subsidiary totaled $16.0 million, subject to working capital adjustments.  We received cash of $14.4 million and the remaining $1.6 million was placed into an escrow account until April 2015, to be released subject to certain contingent obligations.  

We have presented the results of these operations as income from discontinued operations, net of tax, in the condensed consolidated statements of operations as of December 31, 2013.  

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

	Three months ended December 31,
	2014		2013
Revenues	$	—	$	12,365
Income from discontinued operations, net of tax of zero and $502, respectively		—		987
Earnings per share information:
Basic	$	—	$	0.08
Diluted	$	—	$	0.08