Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of Property, Plant and Equipment by Major Asset Class

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


	2020		2019
Property, plant and equipment:
Land	$	1,000	$	964
Buildings	15,564		15,805
Machinery and equipment	91,461		82,379
Total property, plant and equipment	108,025		99,148
Less: Accumulated depreciation	63,824		59,538
Property, plant and equipment, net	$	44,201	$	39,610

Dilutive Effect of The Company's Restricted Shares, and Performance Shares

The dilutive effect is as follows:


	September 30,
	2020		2019


Net income (loss)	$	9,191	$	(7,506)

Weighted-average common shares outstanding (basic)	5,661		5,566
Effect of dilutive securities:

Restricted shares	120		—
Performance shares	10		—
Weighted-average common shares outstanding (diluted)	5,791		5,566


Net income (loss) per share – basic:	$	1.62	$	(1.35)



Net income (loss) per share – diluted:	$	1.59	$	(1.35)



Anti-dilutive weighted-average common shares excluded from calculation of diluted earnings per share	207		196

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:


	2020		2019
Foreign currency translation adjustment, net of income tax benefit of $0 and $0, respectively	$	(5,257)	$	(5,667)
Net retirement plan liability adjustment, net of income tax benefit of $(3,758) and $(3,758), respectively	(8,211)		(7,642)

Total accumulated other comprehensive loss	$	(13,468)	$	(13,309)

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		Accumulated Other Comprehensive Loss




Balance at September 30, 2018	$	(4,955)	$	(3,674)	$	(8,629)
Other comprehensive loss before reclassifications	(712)		(4,643)		(5,355)
Amounts reclassified from accumulated other comprehensive income	—		675		675
Net current-period other comprehensive loss	(712)		(3,968)		(4,680)

Balance at September 30, 2019	(5,667)		(7,642)		(13,309)
Other comprehensive income (loss) before reclassifications	410		(1,560)		(1,150)
Amounts reclassified from accumulated other comprehensive income	—		991		991
Net current-period other comprehensive income (loss)	410		(569)		(159)
Balance at September 30, 2020	$	(5,257)	$	(8,211)	$	(13,468)

Reclassification Out of Accumulated Other Comprehensive Loss

The following table reflects the changes in accumulated other comprehensive loss related to the Company for September 30, 2020 and 2019:


	Amount reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss components	2020		2019		Affected line item in the Consolidated Statement of Operations

Amortization of Retirement plan liability:
Prior service costs	$	—	$	—	(1)
Net actuarial gain (loss)	(808)		(4,214)		(1)
Settlements/curtailments	239		246		(1)
	(569)		(3,968)		Total before taxes
	—		—		Income tax expense
	$	(569)	$	(3,968)	Net of taxes

(1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost. See Note 8, Retirement Benefit Plans, of the consolidated financial statements for further information.