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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Jun. 30, 2019
Accounting Policies [Abstract]  
Schedule of dilutive effect of company's restricted shares and performance shares
The dilutive effect of the Company’s restricted shares and performance shares were as follows:
 
Three Months Ended 
 June 30,
 
Nine Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Net loss
$
(7,370
)
 
$
(1,532
)
 
$
(9,911
)
 
$
(4,481
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding (basic and diluted)
5,571

 
5,535

 
5,556

 
5,524

 
 
 
 
 
 
 
 
Net loss per share – basic and diluted:
 
 
 
 
 
 
 
                        Net loss per share
$
(1.32
)
 
$
(0.28
)
 
$
(1.78
)
 
$
(0.81
)
 
 
 
 
 
 
 
 
Anti-dilutive weighted-average common shares excluded from calculation of diluted earnings per share
202

 
156

 
200

 
135
Schedule of effects of adoption of 2014-09
The cumulative effect of changes made to the balance sheet as of October 1, 2018 for the adoption of the new revenue standard was as follows:
 
 
Balance at September 30, 2018
 
Effect of Accounting Change
 
Balance at October 1, 2018
Assets
 
 
 
 
 
 
  Contract asset
 
$
—

 
$
10,140

 
$
10,140

  Inventory, net
 
18,269

 
(6,542
)
 
11,727

Liabilities & Shareholders' Equity
 
 
 
 
 
 
  Retained earnings
 
37,097

 
3,598

 
40,695


As part of the cumulative effect of the accounting change made as it pertains to the inventory, net line, the impact includes a reduction to the Company's last-in, first-out (“LIFO”) reserve in the amount of $508 and excess and obsolete reserve of $366. As noted in Note 2, Inventories, a portion of the Company's inventory is on LIFO.

The following tables reflect the changes to the financial statements line items as a result to the new revenue standard. The adoption of the new standard did not have an impact on "net cash provided by operating activities" on the consolidated condensed statement of cash flows for the nine months ended June 30, 2019.

Consolidated condensed statement of operations for the nine months ended June 30, 2019:
 
 
Previous Accounting Method
 
Effect of Accounting Change
 
As Reported
Net Sales
 
$
82,561

 
$
(1,230
)
 
$
81,331

Cost of Goods Sold
 
76,435

 
(1,316
)
 
75,119

Loss before income tax benefit
 
(10,813
)
 
86

 
(10,727
)
Net loss
 
(9,997
)
 
86

 
(9,911
)
Basic net loss per share
 
$
(1.80
)
 
$
0.02

 
$
(1.78
)
Diluted net loss per share
 
$
(1.80
)
 
$
0.02

 
$
(1.78
)

Consolidated condensed statement of operations for the three months ended June 30, 2019:
 
 
Previous Accounting Method
 
Effect of Accounting Change
 
As Reported
Net Sales
 
$
24,723

 
$
150

 
$
24,873

Cost of Goods Sold
 
22,849

 
637

 
23,486

Loss before income tax expense
 
(7,219
)
 
(487
)
 
(7,706
)
Net loss
 
(6,883
)
 
(487
)
 
(7,370
)
Basic net loss per share
 
$
(1.23
)
 
$
(0.09
)
 
$
(1.32
)
Diluted net loss per share
 
$
(1.23
)
 
$
(0.09
)
 
$
(1.32
)












Consolidated condensed balance sheet as of June 30, 2019:
 
 
Previous Accounting Method
 
Effect of Accounting Change
 
As Reported
Assets
 
 
 
 
 
 
  Contract asset
 
$
—

 
$
8,910

 
$
8,910

  Inventory, net
 
17,170

 
(5,226
)
 
11,944

Liabilities & Shareholders' Equity
 
 
 
 
 
 
  Contract liabilities (included within accrued liabilities)
 
1,000

 
—

 
1,000

  Deferred income taxes
 
2,112

 
—

 
2,112

  Retained earnings
 
27,059

 
3,684

 
30,743