Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2014

Schedule of property, plant and equipment by class

The Company's property, plant and equipment assets by major asset class at September 30 consist of:



	2014		2013
Property, plant and equipment :
Land	$	469	$	469
Buildings	11,546		10,910
Machinery and equipment	61,587		50,581
Total property, plant and equipment	73,602		61,960
Accumulated depreciation	36,454		32,328
Property, plant and equipment, net	$	37,148	$	29,632

Dilutive effect of the Company's stock options

The dilutive effect of the Company’s stock options, restricted shares and performance shares were as follows:



	September 30,
	2014			2013		2012
Income from continuing operations	$	5,603		$	9,758	$	6,307
Income (loss) from discontinued operations, net of tax	(580		)	476		241
Net income	$	5,023		$	10,234	$	6,548

Weighted-average common shares outstanding (basic)	5,402			5,363		5,317
Effect of dilutive securities:
Stock options	—			1		15
Restricted shares	18			12		6
Performance shares	4			25		42
Weighted-average common shares outstanding (diluted)	5,424			5,401		5,380
Net income per share – basic
Continuing operations	$	1.04		$	1.82	$	1.19
Discontinued operations	(0.11		)	0.09		0.04
Net income	$	0.93		$	1.91	$	1.23
Net income per share – diluted:
Continuing operations	$	1.03		$	1.81	$	1.18
Discontinued operations	(0.11		)	0.09		0.04
Net income	$	0.92		$	1.90	$	1.22
Anti-dilutive weighted-average common shares excluded from calculation of diluted earnings per share	18			47		144

Components of accumulated other comprehensive loss

The components of accumulated other comprehensive loss as shown on the consolidated balance sheets at September 30 are as follows:



	2014			2013			2012
Foreign currency translation adjustment, net of income tax benefit of $0, $0 and $200, respectively	$	(5,851	)	$	(5,851	)	$	(5,566	)
Net retirement plan liability adjustment, net of income tax benefit of ($2,909), ($2,409) and ($4,090), respectively	(4,757		)	(3,866		)	(6,720		)
Interest rate swap agreement, net of income tax benefit of $1, $16 and $35, respectively	(5		)	(26		)	(58		)
Total accumulated other comprehensive loss	$	(10,613	)	$	(9,743	)	$	(12,344	)

The following table provides additional details of the amounts recognized into net earnings from accumulated other comprehensive loss, net of tax:



	Foreign Currency Translation Adjustment			Retirement Plan Liability adjustment			Interest rates swap adjustment			Accumulated Other Comprehensive Loss
Balance at September 30, 2013	$	(5,851	)	$	(3,866	)	$	(26	)	$	(9,743	)
Other comprehensive income (loss) before reclassifications	—			(1,179		)	21			(1,158		)
Amounts reclassified from accumulated other comprehensive income	—			288			—			288
Net current-period other comprehensive income	—			(891		)	21			(870		)
Balance at September 30, 2014	$	(5,851	)	$	(4,757	)	$	(5	)	$	(10,613	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The following table reflects the changes in accumulated other comprehensive loss related to the Company for September 30, 2014:



	Amount reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss components	2014			Affected line item in the Consolidated Statement of Operations

Amortization of Retirement plan liability:
Prior service costs	$	—		(1)
Net actuarial loss	450			(1)
Settlements/curtailments	—			(1)
	450			Total before taxes
	(162		)	Income tax benefit (expense)
	$	288		Net of taxes

(1) These accumulated other comprehensive income components are included in the computation of net periodic benefit cost. See Note 7 - Retirement benefit plans for further information.