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Business Combinations (Tables)
12 Months Ended
Sep. 30, 2017
Creagh Medical Ltd [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price

The purchase price of Creagh Medical consisted of the following (in thousands):

 

Cash paid

 

$

18,449

 

Debt assumed

 

 

761

 

Contingent consideration

 

 

9,064

 

Total purchase price

 

 

28,274

 

Less cash and cash equivalents acquired

 

 

(251

)

Total purchase price, net of cash acquired

 

$

28,023

 

 

Schedule of Purchase Price to the Fair Values Assigned to the Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation of the purchase price to the fair values assigned to the assets acquired and the liabilities assumed at the date of the Creagh Medical acquisition:

 

 

Fair Value

(Dollars in thousands)

 

Estimated Useful Life

(In years)

Current assets

 

$

896

 

N/A

Property and equipment

 

 

634

 

1.0-10.0

Trade name

 

 

75

 

N/A

Developed technology

 

 

1,787

 

7.0

In-process research and development

 

 

942

 

N/A

Customer relationships

 

 

11,119

 

7.0-10.0

Other noncurrent assets

 

 

81

 

N/A

Current liabilities

 

 

(942

)

N/A

Deferred tax liabilities

 

 

(9

)

N/A

Net assets acquired

 

 

14,583

 

 

Goodwill

 

 

13,440

 

N/A

Total purchase price, net of cash acquired

 

$

28,023

 

 

 

NorMedix, Inc. [Member]  
Business Acquisition [Line Items]  
Summary of Purchase Price

The purchase price of NorMedix consisted of the following (in thousands):

 

Cash paid

 

$

6,905

 

Contingent consideration

 

 

3,520

 

Total purchase price

 

 

10,425

 

Less cash and cash equivalents acquired

 

 

(17

)

Total purchase price, net of cash acquired

 

$

10,408

 

 

 

 

 

 

 

Schedule of Purchase Price to the Fair Values Assigned to the Assets Acquired and Liabilities Assumed

The following table summarizes the allocation of the purchase price to the fair values assigned to the assets acquired and the liabilities assumed at the date of the NorMedix acquisition:

 

 

Fair Value

(Dollars in thousands)

 

Estimated Useful Life (In years)

Net current assets

 

$

113

 

N/A

Property and equipment

 

 

60

 

7.0

Developed technology

 

 

6,850

 

10.0-14.0

Customer relationships

 

 

900

 

4.0

Deferred tax asset

 

 

690

 

N/A

Other noncurrent asset

 

 

13

 

N/A

Accounts payable

 

 

(187

)

N/A

Deferred tax liabilities

 

 

(2,483

)

N/A

Net assets acquired

 

 

5,956

 

 

Goodwill

 

 

4,452

 

N/A

Total purchase price, net of cash acquired

 

$

10,408

 

 

 

 

 

 

 

 

 

Creagh Medical and NorMedix [Member]  
Business Acquisition [Line Items]  
Schedule of Pro Forma Financial Information

 

 

 

Years Ended

 

 

 

September 30,

 

 

 

2016

 

 

2015

 

(In thousands, except per share data)

(Unaudited)

 

Revenue

 

$

72,416

 

 

$

65,432

 

Net income

 

$

12,315

 

 

$

6,583

 

 

 

 

 

 

 

 

 

 

Per share amounts:

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.95

 

 

$

0.51

 

Diluted net income per share

 

$

0.93

 

 

$

0.50