Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2023

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:


	2023		2022
Property, plant and equipment:
Land	$	949	$	913
Buildings	17,016		16,553
Machinery and equipment	96,874		93,510
Total property, plant and equipment	114,839		110,976
Less: Accumulated depreciation	78,552		71,704
Property, plant and equipment, net	$	36,287	$	39,272

Schedule of Dilutive Effect of Company's Restricted Shares and Performance Shares

The dilutive effect is as follows:


	September 30,
	2023		2022


Net loss	$	(8,692)	$	(9,640)

Weighted-average common shares outstanding (basic and diluted)	5,929		5,830







Net loss per share – basic and diluted:	$	(1.47)	$	(1.65)







Anti-dilutive weighted-average common shares excluded from calculation of diluted earnings per share	202		270

Schedule 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:


	2023		2022
Foreign currency translation adjustment, net of income tax	$	(5,928)	$	(6,196)
Net retirement plan liability adjustment, net of income tax	(741)		(2,509)
Interest rate swap agreement, net of income tax	9		12
Total accumulated other comprehensive loss	$	(6,660)	$	(8,693)

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		Interest Rates Swap Adjustment		Accumulated Other Comprehensive Loss




Balance at September 30, 2021	(5,359)		(3,720)		—		(9,079)
Other comprehensive (loss) income before reclassifications	(837)		527		12		(298)
Amounts reclassified from accumulated other comprehensive loss	—		684				684
Net current-period other comprehensive (loss) income	(837)		1,211		12		386

Balance at September 30, 2022	(6,196)		(2,509)		12		(8,693)
Other comprehensive income (loss) before reclassifications	268		1,341		(3)		1,606
Amounts reclassified from accumulated other comprehensive loss	—		427				427
Net current-period other comprehensive income (loss)	268		1,768		(3)		2,033
Balance at September 30, 2023	$	(5,928)	$	(741)	$	9	$	(6,660)

Schedule of 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, 2023 and 2022:


	Amount reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss components	2023		2022		Affected line item in the Consolidated Statement of Operations

Amortization of Retirement plan liability:

Net actuarial gain	1,659		1,003		(1)
Settlements/curtailments	108		208		(1)
	1,767		1,211		Total before taxes
	—		—		Income tax expense
	$	1,767	$	1,211	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 for further discussion.