Discontinued Operations

6 Months Ended

Mar. 31, 2015

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

J. 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, to be released subject to resolution of certain claims.  

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 March 31, 2014.  

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

	Three months ended March 31,				Six months ended March 31,
	2015		2014		2015		2014
Revenues	$	—	$	1,557	$	—	$	13,923
Income from discontinued operations, net of tax of zero, $131, zero and $633, respectively		—		54		—		1,041
Gain on sale of discontinued operations, net of tax of $5,218		—		8,563		—		8,563
Net income from discontinued operations, net of tax	$	—	$	8,617	$	—	$	9,604
Earnings per share information:
Basic	$	—	$	0.72	$	—	$	0.80
Diluted	$	—	$	0.71	$	—	$	0.80