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Business Acquisition
 6 Months Ended
Mar. 31, 2016
Business Combinations [Abstract]  
Business Acquisition
Business Acquisition
On July 1, 2015, the Company completed the acquisition of all of the outstanding equity of C*Blade S.p.A. Forging & Manufacturing, from Riello Investimenti Partners SGR S.p.A., Giorgio Visentini, Giorgio Frassini, Giancarlo Sclabi and Matteo Talmassons. The forging business operates at two facilities located in Maniago, Italy. The purchase price for the forging business and the assumption of debt was approximately $16,719, after a $275 purchase price adjustment received and recorded in the first quarter of fiscal 2016 related to certain adjustments principally related to the final working capital level and indebtedness adjustment.
The Company has substantially completed the purchase accounting related to the C*Blade acquisition.
Changes in the net carrying amount of goodwill was as follows:
Balance at September 30, 2015
$
16,480

Goodwill purchase price adjustment
(767
)
Currency translation
182

Balance at March 31, 2016
$
15,895


The results of operation of C*Blade are included in the Company’s unaudited consolidated condensed statements of operations for the three months ended and six months ended March 31, 2016. The following unaudited pro forma information presents a summary of the results of operations for the Company including C*Blade as if the acquisition had occurred on October 1, 2014: 
 
Three Months Ended March 31, 2015 (unaudited)
 
Six Months Ended March 31, 2015 (unaudited)
Net sales
$
29,379

 
55,125

Net loss
$
(160
)
 
(848
)
Net loss per share (basic)
$
(0.03
)
 
(0.16
)
Net loss per share (diluted)
$
(0.03
)
 
(0.16
)