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Summary of Significant Accounting Policies and Select Balance Sheet Information (Tables)
12 Months Ended
Sep. 30, 2015
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, 2014 were as follows (in thousands):

 

 

 

Amortized
Cost

 

 

Unrealized
Gains

 

 

Unrealized
Losses

 

 

Fair
Value

 

U.S. government and government agency obligations

 

$

7,397

 

 

$

12

 

 

$

(15

)

 

$

7,394

 

Mortgage-backed securities

 

 

5,576

 

 

 

43

 

 

 

(74

)

 

 

5,545

 

Municipal bonds

 

 

1,173

 

 

 

5

 

 

 

(3

)

 

 

1,175

 

Asset-backed securities

 

 

2,370

 

 

 

3

 

 

 

(4

)

 

 

2,369

 

Corporate bonds

 

 

1,829

 

 

 

6

 

 

 

(5

)

 

 

1,830

 

Equity securities

 

 

2

 

 

 

1,548

 

 

 

 

 

 

1,550

 

Total

 

$

18,347

 

 

$

1,617

 

 

$

(101

)

 

$

19,863

 

 

Sales of Available-for-Sale Securities

The following table summarizes sales of available-for-sale securities for the years ended September 30, 2015, 2014 and 2013 (in thousands):

 

 

 

2015

 

 

2014

 

 

2013

 

Proceeds from sales

 

$

22,199

 

 

$

162,673

 

 

$

44,853

 

Gross realized gains

 

$

548

 

 

$

134

 

 

$

179

 

Gross realized losses

 

$

(73

)

 

$

(1

)

 

$

(43

)

 

Components of Inventories

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

 

 

 

2015

 

 

2014

 

Raw materials

 

$

1,264

 

 

$

1,056

 

Finished products

 

 

1,715

 

 

 

1,761

 

Total

 

$

2,979

 

 

$

2,817

 

 

Schedule of Property, Plant and Equipment

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

 

 

 

Useful Life

 

2015

 

 

2014

 

 

 

(In years)

 

 

 

 

 

 

 

 

Land

 

N/A

 

$

4,359

 

 

$

4,359

 

Laboratory fixtures and equipment

 

3 to 10

 

 

12,941

 

 

 

12,858

 

Buildings and improvements

 

3 to 20

 

 

16,444

 

 

 

16,114

 

Office furniture and equipment

 

3 to 10

 

 

3,473

 

 

 

3,060

 

Construction-in-progress

 

 

 

 

1,168

 

 

 

1,158

 

Less accumulated depreciation

 

 

 

 

(25,417

)

 

 

(24,416

)

Property and equipment, net

 

 

 

$

12,968

 

 

$

13,133

 

 

Schedule of Other Assets Consist Principally of Strategic Investments

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

 

 

 

2015

 

 

2014

 

CeloNova BioSciences, Inc.

 

$

 

 

$

1,500

 

ViaCyte, Inc.

 

 

479

 

 

 

479

 

Other assets, net

 

$

479

 

 

$

1,979

 

 

Schedule of Intangible Assets

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

 

 

 

2015

 

 

 

Weighted Average

Original Life (Years)

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

 

9.0

 

 

$

5,132

 

 

$

(4,363

)

 

$

769

 

Core technology

 

 

8.0

 

 

 

530

 

 

 

(530

)

 

 

0

 

Non-compete

 

 

5.0

 

 

 

230

 

 

 

(12

)

 

 

218

 

Patents and other

 

16.8

 

 

 

2,321

 

 

 

(1,128

)

 

 

1,193

 

Subtotal

 

 

 

 

 

 

8,213

 

 

 

(6,033

)

 

 

2,180

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total

 

 

 

 

 

$

8,793

 

 

$

(6,033

)

 

$

2,760

 

 

 

 

2014

 

 

 

Weighted Average

Original Life (Years)

 

 

Gross Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

 

9.0

 

 

$

4,857

 

 

$

(3,813

)

 

$

1,044

 

Core technology

 

 

8.0

 

 

 

530

 

 

 

(475

)

 

 

55

 

Patents and other

 

 

16.8

 

 

 

2,256

 

 

 

(989

)

 

 

1,267

 

Subtotal

 

 

 

 

 

 

7,643

 

 

 

(5,277

)

 

 

2,366

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

 

 

580

 

 

 

 

 

 

580

 

Total

 

 

 

 

 

$

8,223

 

 

$

(5,277

)

 

$

2,946

 

 

Estimated Amortization Expense

Based on the intangible assets in service as of September 30, 2015, estimated amortization expense for each of the next five fiscal years is as follows (in thousands):

 

2016

 

$

690

 

2017

 

 

279

 

2018

 

 

233

 

2019

 

 

233

 

2020

 

221

 

 

Denominator for Computation of Basic and Diluted Income Per Share

The following table sets forth the denominator for the computation of basic and diluted income per share (in thousands):

 

 

 

2015

 

 

2014

 

 

2013

 

Net income from continuing operations available to common

   shareholders

 

$

11,947

 

 

$

12,207

 

 

$

14,579

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

13,029

 

 

 

13,632

 

 

 

14,464

 

Dilutive effect of outstanding stock options, non-vested

   restricted stock, restricted stock units and performance

   shares

 

 

260

 

 

 

244

 

 

 

267

 

Diluted weighted average shares outstanding

 

 

13,289

 

 

 

13,876

 

 

 

14,731