Discontinued Operations

9 Months Ended

Jun. 30, 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 and was released to us in July 2015.  

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 June 30, 2014.  

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

	Three months ended June 30,				Nine months ended June 30,
	2015		2014		2015		2014
Revenues	$	—	$	—	$	—	$	13,923
Income from discontinued operations, net of tax of $633		—		—		—		1,041
Gain on sale of discontinued operations, net of tax of $5,218		—		—		—		8,563
Net income from discontinued operations, net of tax	$	—	$	—	$	—	$	9,604
Earnings per share information:
Basic	$	—	$	—	$	—	$	0.80
Diluted	$	—	$	—	$	—	$	0.80