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Summary of Significant Accounting Policies and Select Balance Sheet Information (Tables)
12 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Amortized Cost, Unrealized Holding Gains (Losses) and Fair Value of Available-for-Sale Securities

The amortized cost, unrealized holding gains and losses, and fair value of available-for-sale securities as of September 30 were as follows (in thousands):

 

     2013  
     Amortized Cost      Unrealized Gains      Unrealized Losses     Fair Value  

U.S. government and government agency obligations

   $ 22,889       $ 28       $ (27   $ 22,890   

Mortgage-backed securities

     8,149         118         (51     8,216   

Municipal bonds

     3,049         15         (5     3,059   

Asset-backed securities

     3,539         6         (8     3,537   

Corporate bonds

     4,896         17         (6     4,907   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 42,522       $ 184       $ (97   $ 42,609   
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     2012  
     Amortized Cost      Unrealized Gains      Unrealized Losses     Fair Value  

U.S. government and government agency obligations

   $ 28,641       $ 213       $      $ 28,854   

Mortgage-backed securities

     2,896         129         (26     2,999   

Municipal bonds

     3,178         35                3,213   

Asset-backed securities

     613                 (15     598   

Corporate bonds

     6,858         28                6,886   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total

   $ 42,186       $ 405       $ (41   $ 42,550   
  

 

 

    

 

 

    

 

 

   

 

 

 
Amortized Cost and Fair Value of Investments by Contractual Maturity

The amortized cost and fair value of investments by contractual maturity at September 30, 2013 were as follows (in thousands):

 

     Amortized Cost      Fair Value  

Debt securities due within:

     

One year

   $ 10,200       $ 10,212   

One to five years

     22,754         22,782   

Five years or more

     9,568         9,615   
  

 

 

    

 

 

 

Total

   $ 42,522       $ 42,609   
  

 

 

    

 

 

 
Sales of Available-for-Sale Securities

The following table summarizes sales of available-for-sale securities for the years ended September 30, 2013, 2012 and 2011 (in thousands):

 

     2013     2012     2011  

Proceeds from sales

   $ 44,853      $ 43,556      $ 50,364   

Gross realized gains

   $ 179      $ 229      $ 384   

Gross realized losses

   $ (43   $ (1   $ (4
Components of Inventories

Inventories consisted of the following components as of September 30 (in thousands):

 

     2013      2012  

Raw materials

   $ 1,378       $ 1,479   

Finished products

     1,950         2,045   
  

 

 

    

 

 

 

Total

   $ 3,328       $ 3,524   
  

 

 

    

 

 

 
Schedule of Property, Plant and Equipment

Property and equipment consisted of the following components as of September 30 (in thousands):

 

     Useful Life      2013     2012  
     (In years)               

Land

      $ 4,359      $ 4,359   

Laboratory fixtures and equipment

     3 to 10         13,594        13,004   

Buildings and improvements

     3 to 20         15,124        14,702   

Office furniture and equipment

     3 to 10         3,592        3,370   

Construction-in-progress

        529        848   

Less accumulated depreciation

        (24,353     (22,673
     

 

 

   

 

 

 

Property and equipment, net

      $ 12,845      $ 13,610   
     

 

 

   

 

 

 
Schedule of Other Assets Consist Principally of Strategic Investments

Other assets consisted principally of strategic investments as of September 30 as follows (in thousands):

 

     2013      2012  

OctoPlus N.V.

   $       $ 718   

Nexeon MedSystems, Inc.

             29   

CeloNova BioSciences, Inc. .

     1,500         1,500   

ThermopeutiX, Inc.

     1,185         1,185   

ViaCyte, Inc.

     479         559   

Other

     2         84   
  

 

 

    

 

 

 

Other assets, net

   $ 3,166       $ 4,075   
  

 

 

    

 

 

 
Schedule of Intangible Assets

Intangible assets consisted of the following as of September 30 (in thousands):

 

     2013  
     Weighted Average
Original Life (Years)
     Gross Carrying
Amount
     Accumulated
Amortization
    Net  
Definite-lived intangible assets:                           

Customer lists

     9.0       $ 4,857       $ (3,274   $ 1,583   

Core technology

     8.0         530         (409     121   

Patents and other

     16.8         2,256         (852     1,404   
     

 

 

    

 

 

   

 

 

 

Subtotal

        7,643         (4,535     3,108   
Unamortized intangible assets:                           

Trademarks

        580                580   
     

 

 

    

 

 

   

 

 

 

Total

      $ 8,223       $ (4,535   $ 3,688   
     

 

 

    

 

 

   

 

 

 

 

     2012  
     Weighted Average
Original Life (Years)
     Gross Carrying
Amount
     Accumulated
Amortization
    Net  
Definite-lived intangible assets:                           

Customer lists

     9.0       $ 4,857       $ (2,734   $ 2,123   

Core technology

     8.0         530         (343     187   

Patents and other

     16.8         2,256         (716     1,540   
     

 

 

    

 

 

   

 

 

 

Subtotal

        7,643         (3,793     3,850   
Unamortized intangible assets:                           

Trademarks

        580                580   
     

 

 

    

 

 

   

 

 

 

Total

      $ 8,223       $ (3,793   $ 4,430   
     

 

 

    

 

 

   

 

 

 
Estimated Amortization Expense

Based on the intangible assets in service as of September 30, 2013, estimated amortization expense for each of the next five fiscal years is as follows (in thousands):

 

2014

   $ 742   

2015

     731   

2016

     594   

2017

     183   

2018

     137   
Components of Basic and Diluted Income Per Share Computation

The following table sets forth the components of the basic and diluted income per share computations (in thousands):

 

     2013      2012      2011  

Net income from continuing operations available to common shareholders

   $ 14,579       $ 10,129       $ 10,925   
  

 

 

    

 

 

    

 

 

 

Basic weighted average shares outstanding

     14,464         17,318         17,419   

Dilutive effect of outstanding stock options, non-vested restricted stock, restricted stock units and performance shares

     267         113         43   
  

 

 

    

 

 

    

 

 

 

Diluted weighted average shares outstanding

     14,731         17,431         17,462