Subsequent Event

12 Months Ended

Sep. 30, 2014

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

On November 12, 2014, we issued a press release regarding a fire at SVI Public Company Limited (SVI), the facilities of a contract manufacturer we utilize in Thailand. The manufacturer’s ability to serve our immediate needs was severely compromised. We are assessing our ability to meet customer requirements by utilizing other existing SVI facilities, other existing contract manufacturing partners, our own U.S. facility, and existing inventory. The product families impacted include Xbee®, XTend®, Digi Connect® and ConnectPort®. We are also assessing the potential financial impact of the production constraints caused by the fire, and believe our revenue, gross margin and earnings will be impacted in at least the first quarter of fiscal 2015. As previously stated in our November 12, 2014 press release, we intend to update the extent of the impact at a later date.

On October 28, 2014, subsequent to the end of fiscal 2014, our Board of Directors authorized a new program to repurchase up to $15.0 million of our common stock primarily to return capital to shareholders and to support our employee stock purchase program. This new repurchase authorization began on November 1, 2014 and expires on October 31, 2015. Shares repurchased under the new program may be made through open market and privately negotiated transactions from time to time and in amounts that management deems appropriate. The amount and timing of share repurchases will depend upon market conditions and other corporate considerations. There have been no share repurchases under this plan through the date of this filing.