Quarterly Financial Data

12 Months Ended

Sep. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

QUARTERLY FINANCIAL DATA (UNAUDITED)

(in thousands, except per common share data)

	Quarter ended
	Dec. 31		March 31		June 30			Sept. 30
Fiscal 2014
Revenue	$	47,322	$	45,882	$	47,885		$	51,612
Gross profit	22,908		21,780		22,149			23,647
Net income (loss) (1)	688		738		(101		)	426
Net income per common share - basic	0.03		0.03		0.00			0.02
Net income per common share - diluted	0.03		0.03		0.00			0.02
Fiscal 2013
Revenue	$	46,991	$	48,197	$	48,824		$	51,369
Gross profit	24,479		24,961		24,720			25,963
Net income (1)(2)(3)(4)	1,230		1,000		1,528			2,047
Net income per common share - basic	0.05		0.04		0.06			0.08
Net income per common share - diluted	0.05		0.04		0.06			0.08

(1) During fiscal 2014 and 2013, we recorded net tax benefits of $1.4 million and $0.8 million, respectively. We recorded a benefit of $0.2 million in the first quarter of fiscal 2014 resulting from the release of income tax reserves due to the expiration of the statute of limitations from various U.S. and foreign tax jurisdictions. During the second quarter of fiscal 2014, we recorded a tax benefit of $1.1 million resulting from re-measurement and reversal of certain income tax reserves as a result of a federal income tax audit for fiscal 2012. In the third quarter of fiscal 2014, we recorded a tax benefit of $0.1 million primarily for a valuation allowance reversal associated with the reassessment of state research and development tax credits.

We recorded net tax benefits of $0.1 million in the first quarter of fiscal 2013 resulting from the release of income tax reserves due to the expiration of the statute of limitations from various U.S. and foreign tax jurisdictions. During the second quarter of fiscal 2013, we recorded a tax benefit of $0.4 million resulting from the enactment of legislation on January 2, 2013 extending the research and development credit for the last three quarters of fiscal 2012. In the third quarter of fiscal 2013, we recorded a tax benefit of $0.1 million for the release of income tax reserves due to the expiration of the statute of limitations for U.S. Federal income tax for fiscal 2009. In the fourth quarter of fiscal 2013, we recorded a tax benefit of $0.2 million for the reversal of tax reserves resulting from expiration of the statute of limitations for state income taxes.

(2) During fiscal 2013, we recorded a business restructuring accrual of $0.4 million ($0.2 million after tax) in the fourth quarter of fiscal 2013.

(3) During the second quarter of fiscal 2013, we recorded a charge of $1.5 million ($1.0 million after tax) for the settlement of a patent infringement lawsuit.

(4) During the fourth quarter of fiscal 2013, we recorded a charge of $0.4 million ($0.2 million after tax) for impairment of certain intangibles.