2015 Q3 Form 10-K Financial Statement

#000009016816000108 Filed on December 06, 2016

View on sec.gov

Income Statement

Concept 2015 Q3 2015 2014 Q3
Revenue $35.89M $109.3M $32.96M
YoY Change 8.89% -8.65% 3.38%
Cost Of Revenue $31.83M $93.57M $26.21M
YoY Change 21.44% -0.8% 9.16%
Gross Profit $4.065M $15.73M $6.747M
YoY Change -39.75% -37.89% -20.94%
Gross Profit Margin 11.33% 14.39% 20.47%
Selling, General & Admin $4.370M $19.17M $4.570M
YoY Change -4.38% 27.07% 124.02%
% of Gross Profit 107.5% 121.83% 67.73%
Research & Development $0.00
YoY Change
% of Gross Profit 0.0%
Depreciation & Amortization $2.880M $8.293M $1.800M
YoY Change 60.0% 20.26% 18.42%
% of Gross Profit 70.85% 52.71% 26.68%
Operating Expenses $5.060M $19.17M $5.100M
YoY Change -0.78% 27.07% 98.44%
Operating Profit -$995.0K -$5.743M $1.647M
YoY Change -160.41% -171.02% -72.38%
Interest Expense -$560.0K $584.0K $10.00K
YoY Change -5700.0% 190.55% -111.11%
% of Operating Profit 0.61%
Other Income/Expense, Net $110.0K $507.0K $110.0K
YoY Change 0.0% 17.09% -15.38%
Pretax Income -$1.440M -$6.373M $1.770M
YoY Change -181.36% -179.82% -66.85%
Income Tax -$1.070M -$2.444M $810.0K
% Of Pretax Income 45.76%
Net Earnings -$393.0K -$2.872M $743.0K
YoY Change -152.89% -157.18% -74.43%
Net Earnings / Revenue -1.1% -2.63% 2.25%
Basic Earnings Per Share -$0.07 -$0.53 $0.13
Diluted Earnings Per Share -$0.07 -$0.53 $0.13
COMMON SHARES
Basic Shares Outstanding 5.438M shares
Diluted Shares Outstanding 5.438M shares

Balance Sheet

Concept 2015 Q3 2015 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.0K $667.0K $4.600M
YoY Change -84.78% -85.5% 2.22%
Cash & Equivalents $667.0K $667.0K $4.596M
Short-Term Investments
Other Short-Term Assets $4.400M $4.385M $3.100M
YoY Change 41.94% 41.45% -39.22%
Inventory $27.94M $27.94M $18.92M
Prepaid Expenses
Receivables $36.00M $36.02M $25.90M
Other Receivables $2.500M $2.516M $400.0K
Total Short-Term Assets $71.54M $71.54M $52.90M
YoY Change 35.22% 35.23% 0.29%
LONG-TERM ASSETS
Property, Plant & Equipment $54.87M $54.87M $37.15M
YoY Change 47.69% 47.88% 25.36%
Goodwill $16.48M $7.658M
YoY Change 115.2% 0.5%
Intangibles $13.27M $11.49M
YoY Change 15.45% -15.83%
Long-Term Investments
YoY Change
Other Assets $544.0K $544.0K $500.0K
YoY Change 8.8% 8.8% -59.68%
Total Long-Term Assets $85.15M $85.15M $56.80M
YoY Change 49.93% 49.92% 7.13%
TOTAL ASSETS
Total Short-Term Assets $71.54M $71.54M $52.90M
Total Long-Term Assets $85.15M $85.15M $56.80M
Total Assets $156.7M $156.7M $109.7M
YoY Change 42.84% 42.83% 3.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.20M $14.20M $10.53M
YoY Change 34.91% 35.25% 55.41%
Accrued Expenses $8.446M $8.134M $6.432M
YoY Change 31.31% 56.42% -16.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.50M $10.50M $2.000M
YoY Change 425.15% 425.15% -54.46%
Total Short-Term Liabilities $33.15M $33.15M $19.15M
YoY Change 73.07% 72.66% -3.85%
LONG-TERM LIABILITIES
Long-Term Debt $38.43M $38.43M $8.429M
YoY Change 355.88% 357.45% 14.2%
Other Long-Term Liabilities $452.0K $7.195M $389.0K
YoY Change 16.2% 53.09% -24.76%
Total Long-Term Liabilities $38.88M $45.62M $8.818M
YoY Change 340.89% 248.25% 11.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.15M $33.15M $19.15M
Total Long-Term Liabilities $38.88M $45.62M $8.818M
Total Liabilities $72.03M $83.62M $27.97M
YoY Change 157.5% 152.63% 0.55%
SHAREHOLDERS EQUITY
Retained Earnings $69.81M $72.68M
YoY Change -3.95% 5.72%
Common Stock $5.468M $5.448M
YoY Change 0.37% 0.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $73.07M $73.07M $76.62M
YoY Change
Total Liabilities & Shareholders Equity $156.7M $156.7M $109.7M
YoY Change 42.84% 42.83% 3.72%

Cashflow Statement

Concept 2015 Q3 2015 2014 Q3
OPERATING ACTIVITIES
Net Income -$393.0K -$2.872M $743.0K
YoY Change -152.89% -157.18% -74.43%
Depreciation, Depletion And Amortization $2.880M $8.293M $1.800M
YoY Change 60.0% 20.26% 18.42%
Cash From Operating Activities $1.230M -$1.787M -$2.390M
YoY Change -151.46% -115.68% -151.84%
INVESTING ACTIVITIES
Capital Expenditures -$1.640M -$8.812M -$1.530M
YoY Change 7.19% -10.45% 73.86%
Acquisitions $16.99M
YoY Change
Other Investing Activities -$16.99M -$15.57M $0.00
YoY Change -1738.95% -100.0%
Cash From Investing Activities -$18.63M -$24.38M -$1.530M
YoY Change 1117.65% 174.26% -69.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.390M 22.55M 3.930M
YoY Change -211.7% -1031.65% 1472.0%
NET CHANGE
Cash From Operating Activities 1.230M -1.787M -2.390M
Cash From Investing Activities -18.63M -24.38M -1.530M
Cash From Financing Activities -4.390M 22.55M 3.930M
Net Change In Cash -21.79M -3.623M 10.00K
YoY Change -218000.0% -4125.56% -109.09%
FREE CASH FLOW
Cash From Operating Activities $1.230M -$1.787M -$2.390M
Capital Expenditures -$1.640M -$8.812M -$1.530M
Free Cash Flow $2.870M $7.025M -$860.0K
YoY Change -433.72% -66.93% -115.66%

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CY2016Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeBenefits
3366000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
377000 USD
CY2016Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
234000 USD
CY2015Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
865000 USD
CY2016Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
1032000 USD
CY2015Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1095000 USD
CY2016Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4399000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2064000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2929000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
4849000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2929000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
87000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
647000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
432000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Prepaid Expenses
DeferredTaxLiabilitiesPrepaidExpenses
566000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
9022000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
10777000 USD
CY2015Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
65000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
65000 USD
CY2015Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
6743000 USD
CY2016Q3 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
8341000 USD
CY2015 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
117000 USD
CY2016 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
2061000 USD
CY2015 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-1328000 USD
CY2016 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-2405000 USD
CY2015Q3 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
3214000 USD
CY2016Q3 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
DefinedBenefitPlanAmountsRecognizedInBalanceSheet
2539000 USD
CY2015Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.039
CY2016Q3 us-gaap Defined Benefit Plan Assumptions Used Calculating Benefit Obligation Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.031
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.039
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.038
CY2015 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.080
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.080
CY2014Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
26140000 USD
CY2015Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
27685000 USD
CY2016Q3 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
29731000 USD
CY2015 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
1377000 USD
CY2016 us-gaap Defined Benefit Plan Benefits Paid
DefinedBenefitPlanBenefitsPaid
1659000 USD
CY2015 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation
465000 USD
CY2016 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation
0 USD
CY2015 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
46000 USD
CY2016 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
46000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
8648000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
2414000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
1849000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
1808000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
1576000 USD
CY2016Q3 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
1850000 USD
CY2014Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
22110000 USD
CY2015Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
20896000 USD
CY2016Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
21344000 USD
CY2015 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
3000 USD
CY2016 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
3000 USD
CY2015 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
978000 USD
CY2016 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1017000 USD
CY2015Q3 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation
6789000 USD
CY2016Q3 us-gaap Defined Benefit Plan Plans With Benefit Obligations In Excess Of Plan Assets Aggregate Benefit Obligation
DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation
8387000 USD
CY2015 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
148000 USD
CY2016 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
280000 USD
CY2015Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2016Q3 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2015 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
694000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
647000 USD
CY2016 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
1
CY2015 us-gaap Depreciation
Depreciation
6048000 USD
CY2016 us-gaap Depreciation
Depreciation
8173000 USD
CY2015 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8293000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10766000 USD
CY2015 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2016 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.07
CY2015 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2016 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.07
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-306000 USD
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
19000 USD
CY2015Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
8508000 USD
CY2016Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
8026000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9055000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11647000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
2345000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1127000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
2168000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
2309000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2324000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22291000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
22713000 USD
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13265000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
11138000 USD
CY2016 us-gaap Finite Lived Intangible Assets Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsPurchaseAccountingAdjustments
422000 USD
CY2015 us-gaap Finite Lived Intangible Assets Translation And Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
29000 USD
CY2016 us-gaap Finite Lived Intangible Assets Translation And Purchase Accounting Adjustments
FiniteLivedIntangibleAssetsTranslationAndPurchaseAccountingAdjustments
72000 USD
CY2016 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
4413000 USD
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-215000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-33000 USD
CY2015 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
10000 USD
CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-31000 USD
CY2015 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-63000 USD
CY2016 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-31000 USD
CY2014Q3 us-gaap Goodwill
Goodwill
7658000 USD
CY2015Q3 us-gaap Goodwill
Goodwill
16480000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
11748000 USD
CY2015 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
8760000 USD
CY2015 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
62000 USD
CY2016 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
21000 USD
CY2015 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2016 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
4164000 USD
CY2016 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-589000 USD
CY2015 us-gaap Gross Profit
GrossProfit
15732000 USD
CY2016 us-gaap Gross Profit
GrossProfit
12082000 USD
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 USD
CY2015 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3581000 USD
CY2016 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-11335000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-6373000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-11506000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
348000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-1827000 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6025000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-13333000 USD
CY2015 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.66
CY2016 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.07
CY2015 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.66
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-2.07
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
709000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
709000 USD
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.13
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2015 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.13
CY2016 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2016Q3 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
21000 USD
CY2016 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
3000 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2444000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1998000 USD
CY2015 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0 USD
CY2016 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-338000 USD
CY2015 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
334000 USD
CY2016 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
254000 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2104000 USD
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-4628000 USD
CY2015 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
438000 USD
CY2016 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
8000 USD
CY2015 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-97000 USD
CY2016 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
142000 USD
CY2015 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-23000 USD
CY2016 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-56000 USD
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-113000 USD
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-80000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
58000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-37000 USD
CY2015 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
92000 USD
CY2016 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
572000 USD
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-679000 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2897000 USD
CY2015Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
2516000 USD
CY2016Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1773000 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1909000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
424000 USD
CY2015 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1123000 USD
CY2016 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3223000 USD
CY2015 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
2106000 USD
CY2016 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-743000 USD
CY2015 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3553000 USD
CY2016 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
314000 USD
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-333000 USD
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
76000 USD
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-681000 USD
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
572000 USD
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3302000 USD
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-10892000 USD
CY2015 us-gaap Increase Decrease In Workers Compensation Liabilities
IncreaseDecreaseInWorkersCompensationLiabilities
-400000 USD
CY2015Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
13265000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11138000 USD
CY2015 us-gaap Interest Expense
InterestExpense
584000 USD
CY2016 us-gaap Interest Expense
InterestExpense
1715000 USD
CY2015 us-gaap Interest Paid
InterestPaid
613000 USD
CY2016 us-gaap Interest Paid
InterestPaid
1420000 USD
CY2015Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9643000 USD
CY2016Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10313000 USD
CY2015 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
629000 USD
CY2016 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
-482000 USD
CY2015Q3 us-gaap Inventory Net
InventoryNet
27943000 USD
CY2016Q3 us-gaap Inventory Net
InventoryNet
28496000 USD
CY2015Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7212000 USD
CY2016Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7724000 USD
CY2015Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3022000 USD
CY2016Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3308000 USD
CY2015Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
11088000 USD
CY2016Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
10459000 USD
CY2015 us-gaap Investment Income Interest
InvestmentIncomeInterest
10000 USD
CY2016 us-gaap Investment Income Interest
InvestmentIncomeInterest
51000 USD
CY2015 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1306000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
1313000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
156689000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
130457000 USD
CY2015Q3 us-gaap Liabilities Current
LiabilitiesCurrent
33150000 USD
CY2016Q3 us-gaap Liabilities Current
LiabilitiesCurrent
50763000 USD
CY2015Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
105000 USD
CY2016Q3 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
69000 USD
CY2016Q3 us-gaap Long Term Debt
LongTermDebt
34873000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
38426000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7623000 USD
CY2015Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
10503000 USD
CY2016Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
31009000 USD
CY2015Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10503000 USD
CY2016Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
31009000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4871000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
252000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
21599000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4019000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4132000 USD
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Number Of Operating Segments
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5000 USD
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452000 USD
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431000 USD
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0 USD
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101000 USD
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507000 USD
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-275000 USD
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0.38
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0 USD
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0 USD
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CY2016Q3 us-gaap Property Plant And Equipment Net
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CY2016 us-gaap Provision For Doubtful Accounts
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CY2016Q3 us-gaap Receivables Net Current
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5441000 USD
CY2016 us-gaap Repayments Of Other Long Term Debt
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270000 USD
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119121000 USD
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1480000 USD
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0 USD
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0 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
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19167000 USD
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CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
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113000 shares
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
93000 shares
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174000 shares
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98000 shares
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146000 shares
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13.07
CY2015 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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-13000 USD
CY2016 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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-111000 USD
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-267000 USD
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-28000 USD
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CY2015Q3 us-gaap Stockholders Equity
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CY2016Q3 us-gaap Stockholders Equity
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60370000 USD
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9766000 USD
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56000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits
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105000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits
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69000 USD
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49000 USD
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0 USD
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36000 USD
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CY2016 us-gaap Concentration Risk Credit Risk
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">CONCENTRATIONS OF CREDIT RISK</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Receivables are presented net of allowance for doubtful accounts of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$706</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,127</font><font style="font-family:inherit;font-size:10pt;"> at September&#160;30, 2016 and 2015, respectively. Accounts receivable outstanding longer than the contractual payment terms are considered past due. The Company writes off accounts receivable when they become uncollectible. During fiscal 2016 and 2015, </font><font style="font-family:inherit;font-size:10pt;">$581</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0</font><font style="font-family:inherit;font-size:10pt;">, respectively, of accounts receivable were written off against the allowance for doubtful accounts. Bad debt expense totaled </font><font style="font-family:inherit;font-size:10pt;">$359</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$487</font><font style="font-family:inherit;font-size:10pt;"> in fiscal 2016 and fiscal 2015, respectively.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Most of the Company&#8217;s receivables represent trade receivables due from manufacturers of turbine engines and aircraft components as well as turbine engine overhaul companies located throughout the world, including a significant concentration of U.S. based companies. In fiscal 2016, </font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s consolidated net sales were from </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of its largest customers; and </font><font style="font-family:inherit;font-size:10pt;">46%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's consolidated net sales were from the </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> largest customers and their direct subcontractors, which individually accounted for </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;">, of consolidated net sales, respectively. In fiscal 2015, </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s consolidated net sales were from </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of its largest customers; and </font><font style="font-family:inherit;font-size:10pt;">38%</font><font style="font-family:inherit;font-size:10pt;"> of the Company's consolidated net sales were from </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the largest customers and their direct subcontractors which individually accounted for </font><font style="font-family:inherit;font-size:10pt;">22%</font><font style="font-family:inherit;font-size:10pt;">, and </font><font style="font-family:inherit;font-size:10pt;">16%</font><font style="font-family:inherit;font-size:10pt;">, of consolidated net sales, respectively. No other single customer or group represented greater than </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> of total net sales in fiscal 2016 and 2015. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At September&#160;30, 2016, </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s largest customers had outstanding net accounts receivable which individually accounted for </font><font style="font-family:inherit;font-size:10pt;">14%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> of the total net accounts receivable; and </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> of the largest customers and direct subcontractors had outstanding net accounts receivable which accounted for </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">13%</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">12%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> of total net accounts receivable, respectively. At September&#160;30, 2015, </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of the Company&#8217;s largest customers had outstanding net accounts receivable which accounted for </font><font style="font-family:inherit;font-size:10pt;">11%</font><font style="font-family:inherit;font-size:10pt;"> of total net accounts receivable; and </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> of the largest customers and direct subcontractors had outstanding net accounts receivable which accounted for </font><font style="font-family:inherit;font-size:10pt;">18%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">16%</font><font style="font-family:inherit;font-size:10pt;"> of total, net receivables, respectively. The Company performs ongoing credit evaluations of its customers&#8217; financial conditions. The Company believes its allowance for doubtful accounts is sufficient based on the credit exposures outstanding at September&#160;30, 2016.</font></div></div>
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> RECLASSIFICATIONS</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in prior years may have been reclassified to conform to the 2016 consolidated financial statement presentation.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">USE OF ESTIMATES</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accounting principles generally accepted in the U.S. require management to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent liabilities, at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the period in preparing these financial statements. Actual results could differ from those estimates.</font></div></div>

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