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Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
Current assets:    
Cash and cash equivalents $ 701 $ 1,252
Receivables, net of allowance for doubtful accounts of $510 and $520, respectively 20,257 28,001
Contract asset 8,910 0
Inventories, net 11,944 18,269
Refundable income taxes 659 126
Prepaid expenses and other current assets 1,527 1,900
Assets held for sale 0 35
Total current assets 43,998 49,583
Property, plant and equipment, net 37,590 35,390
Intangible assets, net 3,791 5,076
Goodwill 3,493 12,020
Other assets 167 168
Total assets 89,039 102,237
Current liabilities:    
Current maturities of long-term debt 5,684 5,944
Revolver 12,689 21,253
Accounts payable 16,715 15,513
Accrued liabilities 6,337 5,107
Total current liabilities 41,425 47,817
Long-term debt, net of current maturities 2,366 2,332
Deferred income taxes 2,112 2,413
Pension liability 5,010 5,339
Other long-term liabilities 64 147
Shareholders’ equity:    
Serial preferred shares, no par value, authorized 1,000 shares 0 0
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 5,773 at June 30, 2019 and 5,690 at September 30, 2018 5,773 5,690
Additional paid-in capital 10,294 10,031
Retained earnings 30,743 37,097
Accumulated other comprehensive loss (8,748) (8,629)
Total shareholders’ equity 38,062 44,189
Total liabilities and shareholders’ equity $ 89,039 $ 102,237