XML 49 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Discontinued Operations (Tables)
12 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations

During the twelve months ended September 30, 2023, the Company recorded a $1.4 million loss on divestiture. The following table presents the financial results of automation business discontinued operations with respect to the automation business (in thousands):

Year Ended September 30,

2022

    

2021

Revenue

  

Products

$

244,962

$

624,358

Services

19,468

55,698

Total revenue

264,430

680,056

Cost of revenue

Products

141,165

354,786

Services

11,159

29,750

Total cost of revenue

152,324

384,536

Gross profit

112,106

295,520

Operating expenses

Research and development

18,486

48,647

Selling, general and administrative

30,622

70,634

Restructuring charges

-

230

Total operating expenses

49,108

119,511

Operating income

62,998

176,009

Gain on divestiture

2,561,820

133

Income before income taxes

2,624,818

176,142

Income tax expense

480,673

35,357

Net income from discontinued operations

$

2,144,145

$

140,785

 

The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to the semiconductor automation business that are included in the Consolidated Statements of Cash Flows (in thousands):

Year Ended September 30,

2022

2021

Depreciation and amortization

$

-

$

8,472

Capital expenditures

2,862

6,414

Stock-based compensation

-

7,405