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Business Acquisition
 9 Months Ended
Jun. 30, 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 paid for the forging business, net the assumed 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 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
(589
)
Currency translation
(99
)
Balance at June 30, 2016
$
15,792


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 nine months ended June 30, 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 June 30, 2015 (unaudited)
 
Nine Months Ended June 30, 2015 (unaudited)
Net sales
$
34,157

 
89,282

Net loss
$
(1,562
)
 
(2,410
)
Net loss per share (basic)
$
(0.29
)
 
(0.44
)
Net loss per share (diluted)
$
(0.29
)
 
(0.44
)