Quarterly report pursuant to Section 13 or 15(d)

Accounting Standards (Tables)

v3.19.2
Accounting Standards (Tables)
9 Months Ended
Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles Application of ASC 606 for the nine months ended June 30, 2019 had the following impact on the Company's Consolidated Balance Sheet at June 30, 2019 and Consolidated Statements of Income for the three and nine months ended June 30, 2019 (in thousands):
As Reported Impact of ASC 606 Without Application of ASC 606
At June 30, 2019
Costs and estimated earnings in excess of billings on uncompleted contracts $ 14,043  $ (982) $ 15,025 
Inventories 37,069  1,205  35,864 
Accrued expenses and other liabilities 19,028  (29) 19,057 
Billings in excess of costs and estimated earnings on uncompleted contracts $ 32,344  $ 338  $ 32,006 
For the Three Months Ended June 30, 2019
Revenues $ 227,290  $ (343) $ 227,633 
Cost of revenues 189,198  311  188,887 
Provision (benefit) for income taxes 4,941  4,932 
Net income $ 17,202  $ (23) $ 17,225 
For the Nine Months Ended June 30, 2019
Revenues $ 545,921  $ (1,321) $ 547,242 
Cost of revenues 466,900  (1,205) 468,105 
Provision (benefit) for income taxes 8,080  (29) 8,109 
Net income $ 26,568  $ (87) $ 26,655