Annual report pursuant to Section 13 and 15(d)

Accounting Standards (Tables)

v3.19.3.a.u2
Accounting Standards (Tables)
 12 Months Ended
Sep. 30, 2019
Accounting Changes and Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles Application of ASC 606 for the fiscal year ended September 30, 2019 had the following impact on the Company’s Consolidated Balance Sheet at September 30, 2019 and Consolidated Statement of Income for the fiscal year ended September 30, 2019 (in thousands):
At September 30, 2019 As Reported Impact of ASC 606 Without Application of ASC 606
Costs and estimated earnings in excess of billings on uncompleted contracts $ 12,030    $ (599)   $ 12,629   
Inventories $ 34,291    $ 1,602    $ 32,689   
Accrued expenses and other current liabilities $ 19,078    $ (39)   $ 19,039   
Billings in excess of costs and estimated earnings on uncompleted contracts $ 31,115    $ 1,167    $ 29,948   
For the Fiscal Year Ended September 30, 2019
Revenues $ 783,238    $ (1,766)   $ 785,004   
Cost of revenues $ 665,285    $ (1,602)   $ 666,887   
Provision (benefit) for income taxes $ 13,909    $ (39)   $ 13,948   
Net income $ 43,121    $ (125)   $ 43,246