Prior Period Revision

9 Months Ended

Jun. 30, 2014

Prior Period Adjustment [Abstract]

PRIOR PERIOD REVISION

PRIOR PERIOD REVISION

During the third quarter of fiscal 2014, we identified an error in accounting for our state research and development tax credit carryforwards. The error primarily relates to fiscal 2008. This error resulted in a $0.3 million cumulative understatement of retained earnings and the long-term deferred tax asset associated with the tax credit carryforwards. We evaluated this error in accordance with the Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 99 and No. 108 and determined that the cumulative impact of the error was not material to our results of operations, financial position or cash flows in our previously issued financial statements. Therefore, amendments of previously filed reports are not required. As a result, we have revised our prior period financial statements to reflect the correction of the error. We corrected the error in the Condensed Consolidated Balance Sheet by increasing retained earnings and long-term deferred tax assets by $0.3 million as of September 30, 2013. The Condensed Consolidated Statement of Operations, Comprehensive Income and Cash Flows for fiscal 2013 were not affected by this revision.  Our fiscal 2014 consolidated financial statements were not affected by this revision.

The impact of this revision to our Condensed Consolidated Balance Sheet as of September 30, 2013 is summarized below (in thousands):

	As of September 30, 2013
	As Reported		As Revised
Deferred tax assets - non-current	$	5,832	$	6,151
Total assets	$	299,953	$	300,272
Retained earnings	$	116,088	$	116,407
Total stockholders’ equity	$	274,266	$	274,585
Total liabilities and stockholders’ equity	$	299,953	$	300,272