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Business Segments (Tables)
6 Months Ended
Mar. 31, 2013
Summary of Information Regarding Segments

The following table summarizes certain information regarding segments of the Company’s continuing operations:

 

     Three Months Ended     Six Months Ended  
     March 31,     March 31,  
     2013     2012     2013     2012  

Net sales:

        

Forged Components Group

   $ 28,004      $ 28,162      $ 55,448      $ 50,850   

Turbine Component Services and Repair Group

     1,590        1,981        2,846        4,019   
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated net sales

   $ 29,594      $ 30,143      $ 58,294      $ 54,869   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating income (loss):

        

Forged Components Group

   $ 3,735      $ 3,607      $ 7,283      $ 5,794   

Turbine Component Services and Repair Group

     (554     (328     (1,098     (461

Corporate unallocated expenses

     (1,222     (1,027     (2,779     (1,906
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated operating income

     1,959        2,252        3,406        3,427   

Interest expense, net

     70        130        171        220   

Foreign currency exchange (gain) loss, net

     (7     10        0        (3

Other income, net

     (109     (117     (186     (234
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated income from continuing operations before income tax provision

   $ 2,005      $ 2,229      $ 3,421      $ 3,444   
  

 

 

   

 

 

   

 

 

   

 

 

 

Depreciation and amortization expense:

        

Forged Components Group

   $ 1,298      $ 1,363      $ 2,662      $ 2,792   

Turbine Component Services and Repair Group

     80        87        161        164   

Corporate unallocated expenses

     89        74        164        148   
  

 

 

   

 

 

   

 

 

   

 

 

 

Consolidated depreciation and amortization expense

   $ 1,467      $ 1,524      $ 2,987      $ 3,104   
  

 

 

   

 

 

   

 

 

   

 

 

 

LIFO expense (income) for the Forged Components Group

   $ (229   $ 269      $ (407   $ 428   
Identifiable Assets by Segment
     March 31,
2013
     September 30,
2012
 

Identifiable assets:

     

Forged Components Group

   $ 87,916       $ 84,519   

Turbine Component Services and Repair Group

     3,443         3,480   

Corporate

     11,744         12,063   

Assets of business held for sale

     0         6,483   
  

 

 

    

 

 

 

Consolidated total assets

   $ 103,103       $ 106,545