Liquidity Services (LQDT) 10-K 23 Nov 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2015	Nov. 16, 2015	Mar. 31, 2015
Document and Entity Information
Entity Registrant Name	LIQUIDITY SERVICES INC
Entity Central Index Key	1,235,468
Document Type	10-K
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 237,886,000
Entity Common Stock, Shares Outstanding		30,551,081
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Current assets:
Cash and cash equivalents	$ 95,465	$ 62,598
Accounts receivable, net of allowance for doubtful accounts of $471 and $1,042 in 2015 and 2014, respectively	6,194	21,688
Inventory	25,510	78,478
Tax refund receivable	33,491
Prepaid and deferred taxes	19,903	16,777
Prepaid expenses and other current assets	7,826	5,156
Total current assets	188,389	184,697
Property and equipment, net	13,356	12,283
Intangible assets, net	4,051	17,099
Goodwill	64,073	209,656
Deferred long-term tax assets	5,871	6,160
Other assets	12,748	1,823
Total assets	288,488	431,718
Current liabilities:
Accounts payable	9,500	15,994
Accrued expenses and other current liabilities	27,350	44,484
Profit-sharing distributions payable	2,512	4,740
Customer payables	29,802	41,544
Total current liabilities	69,164	106,762
Deferred taxes and other long-term liabilities	3,322	7,973
Total liabilities	72,486	114,735
Stockholders' equity:
Common stock, $0.001 par value; 120,000,000 shares authorized; 30,026,223 shares issued and outstanding at September 30, 2015; 29,668,150 shares issued and outstanding at September 30, 2014	29	28
Additional paid-in capital	210,712	204,704
Accumulated other comprehensive loss	(5,626)	(3,451)
Retained earnings	10,887	115,702
Total stockholders' equity	216,002	316,983
Total liabilities and stockholders' equity	$ 288,488	$ 431,718

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Consolidated Balance Sheets
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 471	$ 1,042
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	30,026,223	29,668,150
Common stock, shares outstanding	30,026,223	29,668,150

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statements of Operations
Revenue	$ 315,668	$ 388,671	$ 404,041
Fee revenue	81,457	106,990	101,815
Total revenue from operations	397,125	495,661	505,856
Costs and expenses from operations
Cost of goods sold (excluding amortization)	166,009	211,659	199,494
Profit-sharing distributions	28,093	35,055	35,944
Technology and operations	99,743	108,940	90,052
Sales and marketing	41,465	41,951	40,170
General and administrative	41,418	49,428	48,950
Amortization of contract intangibles	1,211	7,265	7,265
Depreciation and amortization	8,024	9,330	10,109
Acquisition costs and related fair value adjustments and impairment of goodwill and long-lived assets	147,414	(18,384)	5,921
Business disposition loss	7,963
Total costs and expenses	541,340	445,244	437,905
(Loss) income from operations	(144,215)	50,417	67,951
Interest and other expense (income), net	171	370	(704)
(Loss) income before provision for income taxes	(144,386)	50,047	68,655
(Benefit) provision for income taxes	(39,571)	19,657	27,551
Net (loss) income	$ (104,815)	$ 30,390	$ 41,104
Basic (loss) earnings per common share (in dollars per share)	$ (3.50)	$ 0.97	$ 1.30
Diluted (loss) earnings per common share (in dollars per share)	$ (3.50)	$ 0.97	$ 1.26
Basic weighted average shares outstanding (in shares)	29,987,985	31,243,932	31,616,926
Diluted weighted average shares outstanding (in shares)	29,987,985	31,395,301	32,657,236

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Consolidated Statements of Comprehensive (Loss) Income
Net (loss) income	$ (104,815)	$ 30,390	$ 41,104
Other comprehensive (loss) income :
Defined benefit pension plan - unrecognized amounts, net of taxes	1,101	(927)	563
Foreign currency translation	(3,276)	(3,042)	(1,291)
Other comprehensive (loss) income , net of taxes	(2,175)	(3,969)	(728)
Comprehensive (loss) income	$ (106,990)	$ 26,421	$ 40,376

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Treasury Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total
Balance at Sep. 30, 2012		$ 31,000	$ 182,361,000	$ 1,246,000	$ 66,365,000	$ 250,003,000
Balance (in shares) at Sep. 30, 2012		31,138,111
Increase (Decrease) in Stockholders' Equity
Exercise of common stock options and restricted stock			2,532,000			2,532,000
Exercise of common stock options and restricted stock (in shares)		673,653
Compensation expense and incremental tax benefit from grant of common stock options and issuance of restricted stock			21,968,000			21,968,000
Net (loss) income					41,104,000	41,104,000
Defined benefit pension plan - unrecognized amounts, net of taxes				563,000		563,000
Foreign currency translation				(1,291,000)		(1,291,000)
Balance at Sep. 30, 2013		$ 31,000	206,861,000	518,000	107,469,000	314,879,000
Balance (in shares) at Sep. 30, 2013		31,811,764
Increase (Decrease) in Stockholders' Equity
Common stock repurchase	$ (44,870,000)	$ (3,000)				$ (44,873,000)
Common stock repurchase (in shares)	(2,962,978)					(2,962,978)
Common stock retired	$ 44,870,000		(22,713,000)		(22,157,000)
Common stock retired (in shares)	2,962,978	(2,962,978)
Exercise of common stock options and restricted stock			4,146,000			$ 4,146,000
Exercise of common stock options and restricted stock (in shares)		819,364
Compensation expense and incremental tax benefit from grant of common stock options and issuance of restricted stock			16,410,000			16,410,000
Net (loss) income					30,390,000	30,390,000
Defined benefit pension plan - unrecognized amounts, net of taxes				(927,000)		(927,000)
Foreign currency translation				(3,042,000)		(3,042,000)
Balance at Sep. 30, 2014		$ 28,000	204,704,000	(3,451,000)	115,702,000	316,983,000
Balance (in shares) at Sep. 30, 2014		29,668,150
Increase (Decrease) in Stockholders' Equity
Exercise of common stock options and restricted stock		$ 1,000	105,000			106,000
Exercise of common stock options and restricted stock (in shares)		358,073
Compensation expense and incremental tax benefit from grant of common stock options and issuance of restricted stock			5,903,000			5,903,000
Net (loss) income					(104,815,000)	(104,815,000)
Defined benefit pension plan - unrecognized amounts, net of taxes				1,101,000		1,101,000
Foreign currency translation				(3,276,000)		(3,276,000)
Balance at Sep. 30, 2015		$ 29,000	$ 210,712,000	$ (5,626,000)	$ 10,887,000	$ 216,002,000
Balance (in shares) at Sep. 30, 2015		30,026,223

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Operating activities
Net (loss) income	$ (104,815)	$ 30,390	$ 41,104
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	9,235	16,595	17,374
Business disposition loss	7,963
Gain on early extinguishment of debt			(1,000)
Change in fair value of earn out liability		(18,390)	5,437
Stock compensation expense	12,405	12,605	13,379
Provision (benefit) for inventory allowance	(575)	271	(1,122)
Provision (benefit) for doubtful accounts	1,109	151	(357)
Deferred tax expense (benefit)	(6,282)	828	(6,852)
Impairment of goodwill and intangibles	147,414
Incremental tax loss (benefit) from exercise of common stock options	38	(3,805)	(8,588)
Changes in operating assets and liabilities:
Accounts receivable	12,651	2,211	(7,466)
Inventory	43,101	(49,488)	(7,470)
Prepaid and deferred taxes	(38,545)	(2,829)	14,243
Prepaid expenses and other assets	(1,499)	2,735	(26)
Accounts payable	(4,534)	(545)	6,542
Accrued expenses and other	(18,895)	9,659	(2,341)
Profit-sharing distributions payable	(2,228)	425	274
Customer payables	(11,742)	12,046	(4,768)
Acquisition earn out payable			11,422
Other liabilities	(1,310)	(1,003)	(198)
Net cash provided by operating activities	43,491	11,856	46,743
Investing activities
Cash paid in divestiture	(2,372)
Cash paid for acquisitions and increase in goodwill and intangibles	(137)	(141)	(14,730)
Purchases of property and equipment	(7,312)	(7,539)	(5,463)
Net cash used in investing activities	(9,821)	(7,680)	(20,193)
Financing activities
Principal repayments of debt			(39,000)
Repurchases of common stock		(44,873)
Proceeds from exercise of common stock options (net of tax)	106	4,146	2,532
Incremental tax benefit from exercise of common stock options and restricted stock	(38)	3,805	8,588
Payment of acquisition contingent liabilities			(8,185)
Net cash (used in) provided by financing activities	68	(36,922)	(36,065)
Effect of exchange rate differences on cash and cash equivalents	(871)	235	(158)
Net increase (decrease) in cash and cash equivalents	32,867	(32,511)	(9,673)
Cash and cash equivalents at beginning of year	62,598	95,109	104,782
Cash and cash equivalents at end of year	95,465	62,598	95,109
Supplemental disclosure of cash flow information
Cash paid for income taxes	5,678	$ 18,108	16,760
Cash paid for interest			2,034
Contingent purchase price accrued			$ 18,390
Note receivable from sale of business unit	12,250
Tax refund receivable from sale of business unit	$ 33,491

Organization

Organization	12 Months Ended
	Sep. 30, 2015
Organization
Organization	1. Organization Liquidity Services, Inc. and subsidiaries (LS or the Company) is a leading online auction marketplace for surplus and salvage assets. LS enables buyers and sellers to transact in an efficient, automated online auction environment offering over 500 product categories. The Company's marketplaces provide professional buyers access to a global, organized supply of surplus and salvage assets presented with digital images and other relevant product information. Additionally, LS enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LS organizes its products into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company's online auction marketplaces are www.liquidation.com , www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.truckcenter.com, www.secondipity.com, and www.go-dove.com. LS has one reportable segment consisting of operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets. In fiscal year 2015, approximately 7.8% of the Company's revenue was generated outside of the U.S. The Company's operations are subject to certain risks and uncertainties associated with technology-oriented companies including, but not limited to, the Company's dependence on use of the Internet, the effect of general business and economic trends, its susceptibility to rapid technological change, actual and potential competition by entities with greater financial resources, and the potential for the U.S. Government agencies from which the Company has derived a significant portion of its inventory to change the way they conduct their surplus disposition or to otherwise not renew their contracts with the Company. The Company has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Certain prior period amounts have been reclassified to conform to the current year's presentation. All intercompany balances and transactions have been eliminated in consolidation. The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. In addition, in the opinion of management, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included. Business Combinations The Company recognizes all of the assets acquired, liabilities assumed, contractual contingencies, and contingent consideration at their fair value on the acquisition date. Acquisition-related costs are recognized separately from the acquisition and expensed as incurred. Restructuring costs incurred in periods subsequent to the acquisition date are expensed when incurred. Subsequent changes to the purchase price ( i.e. , working capital adjustments) or other fair value adjustments determined during the measurement period are recorded as an adjustment to goodwill, with the exception of contingent consideration, which is recognized in the statement of operations in the period it is modified. All subsequent changes to a valuation allowance or uncertain tax position that relate to the acquired company and existed at the acquisition date that occur both within the measurement period and as a result of facts and circumstances that existed at the acquisition date are recognized as an adjustment to goodwill. All other changes in valuation allowances are recognized as a reduction or increase to income tax expense or as a direct adjustment to additional paid-in capital as required. Cash and Cash Equivalents The Company considers all highly liquid securities purchased with an initial maturity of three months or less to be cash equivalents. Accounts Receivable Accounts receivable are recorded at the invoiced amount and are non-interest bearing. The Company maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Allowances are based on management's judgment, which considers historical experience and specific knowledge of accounts where collectability may not be probable. The Company makes provisions based on historical bad debt experience, a specific review of all significant outstanding invoices and an assessment of general economic conditions. Inventory Inventory consists of property obtained for resale, generally through the online auction process, and is stated at the lower of cost or market. Cost is determined using the specific identification method. Charges for unsellable inventory are included in cost of goods sold in the period in which they have been determined to occur. Property and Equipment Property and equipment is recorded at cost, and depreciated and amortized on a straight-line basis over the following estimated useful lives: Computers and purchased software One to five years Office equipment Three years Furniture and fixtures Five to seven years Leasehold improvements Shorter of lease term or useful life Buildings Thirty-nine years Land Not depreciated Intangible Assets Intangible assets primarily consist of contract acquisition costs, covenants not to compete, and other intangible assets associated with acquisitions. Intangible assets are amortized using the straight-line method over their estimated useful lives, ranging from three to ten years. Impairment of Long-Lived Assets Long-lived assets, including amortizable intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. If an impairment indicator is present, the Company evaluates recoverability by comparing the carrying amount of the assets to future undiscounted net cash flows expected to be generated by the assets. If the assets are impaired, the impairment recognized is measured by the amount by which the carrying amount exceeds the estimated fair value of the assets. Goodwill Goodwill is reviewed for impairment annually or more frequently if events or circumstances indicate impairment may exist. Examples of such events or circumstances could include a significant change in business climate or the loss of a significant customer. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more than likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further testing of goodwill assigned to the reporting unit is required. However, if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company applies a two-step fair value-based test to assess goodwill for impairment. The first step compares the fair value of a reporting unit to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the second step is then performed. The second step compares the carrying amount of the reporting unit's goodwill to the implied fair value of the goodwill. If the fair value of the goodwill is less than the carrying amount, an impairment loss would be recorded in the statement of operations. Revenue Recognition The Company recognizes revenue when all of the following criteria are met: • a buyer submits the winning bid in an auction and, as a result, evidence of an arrangement exists and the sale price has been determined; • the buyer has assumed the risks and rewards of ownership; and • collection is reasonably assured. Revenue is also evaluated for reporting revenue of gross proceeds as the principal in the arrangement or net of commissions as an agent. In arrangements in which the Company is deemed to be the primary obligor, bears physical and general inventory risk, and credit risk, LS recognizes as revenue the gross proceeds from the sale, including buyer's premiums. The Company has evaluated its revenue recognition policy related to sales under LS's profit-sharing model and determined it is appropriate to account for these sales on a gross basis. In the Company's evaluation, the Company relied most heavily upon its status as primary obligor in the sales relationship and the fact that the Company has general inventory risk. In arrangements in which the Company acts as an agent or broker on a consignment basis, without taking physical or general inventory risk, revenue is recognized based on the sales commissions that are paid to the Company by the sellers for utilizing LS's services; in this situation, sales commissions represent a percentage of the gross proceeds from the sale that the seller pays to the Company upon completion of the transaction. Such revenue as well as other fee revenue is presented as Fee Revenue in the Consolidated Statements of Operations. The Company collects and remits sales taxes on merchandise that it purchases and sells, and reports such amounts under the net method in its Consolidated Statements of Operations. Cost of Goods Sold Cost of goods sold includes the costs of purchasing and transporting property for auction as well as credit card transaction fees. The Company purchases the majority of its inventory at a percentage of the supplier's original acquisition cost under the Surplus Contract and certain commercial contracts, at a percentage of the supplier's last retail price under certain commercial contracts, and at a fixed price per pound that varies depending on the type of the inventory purchased under the Scrap Contract. Title for the inventory passes to the Company at the time of purchase and the Company bears the risks and rewards of ownership. The Company does not have title to assets sold on behalf of its commercial or government customers when it receives only sales commission revenue and, as such, recognizes no cost of goods sold associated with those sales. Cost of goods sold also includes shipping and handling costs and amounts paid by customers for shipping and handling. Risk Associated with Certain Concentrations The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received. For consignment sales transactions, funds are collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash and cash equivalents in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded as customer payables in the accompanying Consolidated Balance Sheets. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents in banks over FDIC limits, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality. Income Taxes The Company accounts for income taxes using an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and income tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which the taxes are expected to be paid or recovered. A valuation allowance is provided to reduce the deferred tax assets to a level that the Company believes will more likely than not be realized. The resulting net deferred tax asset reflects management's estimate of the amount that will be realized. The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis. Stock-Based Compensation The Company estimates the fair value of share-based awards on the date of grant. The fair value of stock options and stock appreciation rights is determined using the Black-Scholes option-pricing model. The fair value of restricted stock awards is based on the closing price of the Company's common stock on the date of grant. The determination of the fair value of the Company's stock option awards, stock appreciation rights, and restricted stock awards is based on a variety of factors including, but not limited to, the Company's common stock price, expected stock price volatility over the expected life of awards based on historical realized volatility, and actual and projected exercise behavior. Additionally, the Company has estimated forfeitures for share-based awards at the dates of grant based on historical experience, adjusted for future expectation. The forfeiture estimate is revised as necessary if actual forfeitures differ from materially these estimates. The Company issues restricted stock awards where restrictions lapse upon either the passage of time (service vesting), achieving performance targets, or some combination of these restrictions. For those restricted stock awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the explicit service period. For awards with both performance and service conditions, the Company starts recognizing compensation cost over the remaining service period, when it is probable the performance condition will be met. For stock awards that contain performance vesting conditions, the Company excludes these awards from diluted earnings per share computations until the contingency is met as of the end of that reporting period. For awards to non-employees (who are not directors), the Company records compensation cost as the performance condition is met. The Company presents the cash flows resulting from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) as a financing activity with a corresponding operating cash outflow in the Consolidated Statements of Cash Flows. Advertising Costs Advertising expenditures are expensed as incurred. Advertising costs charged to expense were $5,331,000, $7,229,000, and $4,560,000 for the years ended September 30, 2015, 2014 and 2013, respectively. Fair Value of Financial Instruments Cash and cash equivalents, accounts receivable, accounts payable, profit-sharing distributions payable, and customer payables reported in the Consolidated Balance Sheets approximate their fair values. Foreign Currency Translation The functional currency of the Company's foreign subsidiaries is the local currency. The translation of the subsidiary's financial statements into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average exchange rate during the period. The resulting translation adjustments are recognized in accumulated other comprehensive (loss) income, a separate component of stockholders' equity. Realized foreign currency transaction gains and losses for 2013, 2014 and 2015 are included in interest expense and other expense (income), net in the consolidated statements of operations. Earnings per Share Basic net income attributable to common stockholders per share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net income attributable to common stockholders per share includes the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company had 1,543,869 unvested restricted shares, which were issued at prices ranging from $7.48 -$52.55, during the years ended September 30, 2013, 2012, 2011, 2010, and 2009, of which 383,831 have been included in the calculation of diluted income per share for the year ended September 30, 2013. The Company had 1,897,827 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2014, 2013, 2012, 2011, 2010, and 2008, of which 341,137 have been included in the calculation of diluted income per share for the year ended September 30, 2014. The Company had 2,367,187 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2015, 2014, 2013, 2012, 2011, 2010, and 2008, of which 795,923 have been included in the calculation of diluted income per share for the year ended September 30, 2015. The Company has also not included the following stock options in the calculation of diluted income per share because the option exercise prices were greater than the average market prices for the applicable periods: (a) for the fiscal year ended September 30, 2015 - 1,256,345 options; (b) for the fiscal year ended September 30, 2014 - 836,303 options; and (c) for the fiscal year ended September 30, 2013 - 151,291 options. The following summarizes the potential outstanding common stock of the Company as of the dates set forth below: September 30, 2015 2014 2013 (amounts in thousands except per share and share data) Weighted average shares calculation: Basic weighted average shares outstanding Treasury stock effect of options and restricted stock — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard that will change the way the Company recognizes revenue and significantly expand the disclosure requirements for revenue arrangements. In July 2015, the FASB delayed the effective date of the new standard such that the new standard will be effective for the Company beginning on October 1, 2018, and may be adopted either retrospectively or on a modified retrospective basis whereby the new standard would be applied to new and existing arrangements with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to retained earnings at the effective date for existing arrangements with remaining performance obligations. The Company is currently evaluating the methods of adoption allowed by the new standard and the effect that adoption of the standard is expected to have on the consolidated financial statements and related disclosures. As a result, the Company's evaluation of the effect of the new standard will likely extend over several future periods. In April 2014, FASB issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. Under current U.S. GAAP, many disposals, some of which may be routine in nature and not a change in an entity's strategy, are reported in discontinued operations. The amendments in this update also require expanded disclosures for discontinued operations. In addition, for individually significant components of an entity that does not qualify for discontinued operations reporting, the Update requires the entity to disclose the pretax profit or loss of the component. Publicly-traded entities are required to prospectively apply this guidance for all disposals (or classifications as held for sale) of components that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company has evaluated and early adopted the new standard for purposes of reporting the disposal of Jacobs Trading Company pursuant to a purchase and sale agreement on September 22, 2015. In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220)—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income , which amends existing guidance by requiring that additional information be disclosed about items reclassified out of accumulated other comprehensive income. The additional information includes separately stating the total change for each component of other comprehensive income and separately disclosing both current-period other comprehensive income and reclassification adjustments. Entities are also required to present, either on the face of the income statement or in the note to the financial statements, significant amounts reclassified out of accumulated other comprehensive income as separate line items of net income but only if the entire amount reclassified must be reclassified to net income in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity must cross-reference to other disclosures that provide additional detail about those amounts. ASU 2013-02 was effective for interim and annual periods beginning after December 15, 2013, which for the Company was its fiscal 2014 first quarter. The adoption of this update did not have a material impact on its financial statements.

Significant Contracts

Significant Contracts	12 Months Ended
	Sep. 30, 2015
Significant Contracts
Significant Contracts	3. Significant Contracts DLA Disposition Services The Company has a Surplus Contract with the DLA Disposition Services in which the base term expired in February 2012 with two one year renewal options. The DoD has exercised both renewal options. In January 2014, the DoD awarded the Company with a follow-on contract to extend the terms of the Surplus Contract for a base term of ten months with two one-month renewal option periods. On December 3, 2014, the DoD exercised the two one-month renewal option periods. In February 2015, the DoD awarded the Company a second follow-on contract to the second Surplus Contract for a base term of six months with three 30-day additional option periods. The DoD has exercised all three 30-day renewal option periods. On November 13, 2015, the DLA Disposition Services notified the Company that they were amending the current Surplus Contract to extend the wind-down period by an additional ten months to allow for the continued processing of usable non-rolling stock surplus property. All other terms, including pricing, remain consistent with the current Surplus Contract. Under the current Surplus Contract, the Company is required to purchase all usable surplus property offered to the Company by the Department of Defense at a fixed percentage equal to 1.8% of the DoD's original acquisition value (OAV). The Company retains 100% of the profits from the resale of the property and bears all of the costs for the merchandising and sale of the property. Included in Accrued expenses and other current liabilities in the Consolidated Balance Sheet, the Company has a liability to the DoD of approximately $2,026,000 and $19,545,000 for inventory as of September 30, 2015 and 2014, respectively. The Surplus Contract contains a provision providing for a mutual termination of the contract for convenience. As a result of the current Surplus Contract, the Company is the sole remarketer of all DoD surplus turned into the DLA Disposition Services available for sale within the United States, Puerto Rico, and Guam. Revenue from the current Surplus Contract accounted for 27.7%, 26.8%, and 24.7% of our consolidated revenue for the fiscal years ended September 30, 2013, 2014, and 2015, respectively. The DoD, in accordance with the award of the next Surplus Contract, split the contract into a rolling stock and a non-rolling stock contract, with bidding on these two surplus contracts held on April 1 and 2, 2014. On April 1, 2014, the Company was the high bidder for the non-rolling stock surplus contract with a bid equal to 4.35% of the DoD's OAV. The non-rolling stock surplus contract has a base term of two years with four one-year renewal options. Following the bidding event on April 2, 2014 for the DoD rolling stock contract, the Company withdrew from the live auction bidding for this contract. Bidding had reached a level that the Company determined would be economically unsustainable under the terms of the new contract, jeopardizing the high level of service the Company has historically provided the agency client. The price the Company will pay for inventory under the new non-rolling stock contract is expected to increase from 1.8% to 4.35% of OAV, resulting in significantly higher Cost of Goods Sold (COGS) in fiscal year 2016 and beyond. This Surplus Contract became effective November 14, 2015. The Company has a Scrap Contract with the DLA Disposition Services in which the base term expired in June 2012 with three one year renewal options. The DoD has exercised all three renewal options. Under the terms of the Scrap Contract, the Company is required to purchase all scrap government property referred to it by the DLA Disposition Services. The Company distributes to the DLA Disposition Services 77% of the profits realized from the ultimate sale of the inventory, after deduction for allowable expenses, as provided for under the terms of the contract. The Contract also has a performance incentive that allows it to receive up to an additional 2% of the profit sharing distribution. This incentive is measured annually on June 30 th , and is applied to the prior 12 months. The Company earned a performance incentive for the years ended September 30, 2015, 2014 and 2013 of approximately $1,123,000, $1,326,000, and $1,265,000, respectively. Effective June 9, 2015, modifications were made to the principal terms of the Scrap Contract including that (i) contract pricing will be adjusted to reflect a 65% profit sharing distribution to the DLA Disposition Services; (ii) DLA Disposition Services may elect to terminate portions of the Scrap Contract by location with a 90-day notification required; and (iii) DLA Disposition Services may elect to terminate portions of the Scrap Contract by certain commodity categories with a 60-day notification required; provided that no such termination shall be effective sooner than October 8, 2015. The modifications to the Scrap Contract included the elimination of the small business performance incentive. For the years ended September 30, 2015, 2014 and 2013, profit-sharing distributions to the DLA Disposition Services under the Scrap Contract were $28,093,000, $34,935,000, and $35,944,000, including accrued amounts, as of September 30, 2015, 2014, and 2013, of $2,509,000, $4,740,000, and $4,315,000, respectively. The Scrap Contract may be terminated by either the Company or the DLA Disposition Services if the rate of return performance ratio does not exceed specified benchmark ratios for two consecutive quarterly periods and the preceding twelve months. The Company has performed in excess of the benchmark ratios throughout the contract period through September 30, 2015. As a result of the Scrap Contract, the Company is the sole remarketer of all U.S. Department of Defense scrap turned into the DLA Disposition Services available for sale within the United States, Puerto Rico, and Guam. Revenue from the Scrap Contract accounted for 13.5%, 14.4%, and 15.3% of our consolidated revenue for the fiscal years ended September 30, 2013, 2014, and 2015, respectively.

Acquisitions

Acquisitions	12 Months Ended
	Sep. 30, 2015
Acquisitions
Acquisitions	4. Acquisitions National Electronic Service Association (NESA) On November 1, 2012, the Company acquired the assets and assumed liabilities of National Electronic Service Association (NESA) in an all cash transaction. The acquisition price included an upfront cash payment of approximately $18.3 million and an earn-out payment. Under the terms of the agreement, the earn-out is based on EBITDA earned by NESA during the 36-48 months after closing. EBITDA growth used in the calculation is capped at 20% of prior period. The Company's estimate for the total payout ranged from zero to a maximum of $37.7 million. The Company's estimate of the fair value of the earn-out as of the date of acquisition was $18.0 million. Based upon revised projections, the Company determined that the fair value of the earn-out as of June 30, 2014 was zero and reversed the liability of $18.6 million with a corresponding reduction (credit) in the Acquisition Costs line in the Consolidated Statement of Operations for the year ended September 30, 2014. The Company continues to believe the fair value of the earn-out is zero as of September 30, 2015. NESA is a Canadian provider of returns management, refurbishment and reverse logistics services for high-value consumer products. NESA provides expertise and focused services to Fortune 1000 companies in the management of Consumer Electronics, Telecommunications, and Information Technology products. Under the acquisition method of accounting, the total estimated purchase price is allocated to NESA's net tangible and intangible assets acquired based on their estimated fair values as of November 1, 2012. Based on management's valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price was allocated as follows: Consideration Amount (in thousands) Cash $ Goodwill Vendor contract intangible asset Covenants not to compete Other intangible asset Property and equipment Accrued liabilities ) ​ ​ ​ ​ ​ Total consideration $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill was created as part of the acquisition as the Company acquired an experienced and knowledgeable workforce, 75% of which is expected to be tax deductible as a result of the asset purchase structure of the transaction. The amount of revenue from NESA since the acquisition date and related supplemental pro forma information is not significant and it is impracticable for us to determine the amount of earnings for NESA.

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2015
Property and Equipment
Property and Equipment	5. Property and Equipment Property and equipment, including equipment under capital lease obligations, consists of the following: September 30, 2015 2014 (in thousands) Computers and purchased software $ $ Office/Operational equipment Furniture and fixtures Vehicles Leasehold improvements Building — Land — ​ ​ ​ ​ ​ ​ ​ ​ Less: Accumulated depreciation and amortization ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization expense related to property and equipment for the years ended September 30, 2015, 2014 and 2013 was $6,130,000, $5,623,000, and $5,696,000, respectively.

Goodwill

Goodwill	12 Months Ended
	Sep. 30, 2015
Goodwill.
Goodwill	6. Goodwill The goodwill of acquired companies is primarily related to the acquisition of an experienced and knowledgeable workforce. As of December 31, 2014, the Company identified indicators of impairment and as a result performed an impairment test which resulted in an impairment of $85.1 million. As part of the Company's annual impairment test, the Company identified indicators of impairment and as a result performed an impairment test and concluded as part of the step one test that the carrying values of both of the Company's two reporting units exceeded their estimated fair values. As a result of the step two test, the Company recorded an impairment charge of $51.2 million during the fourth quarter of fiscal year 2015. The Company performed the step two test using the discounted cash flow method. The following summarizes our goodwill activity for the periods indicated: Goodwill (in thousands) Balance at September 30, 2013 $ Translation adjustments ) ​ ​ ​ ​ ​ Balance at September 30, 2014 Impairment charge ) Business dispostion ) Translation adjustments ) ​ ​ ​ ​ ​ Balance at September 30, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill impairment losses as of September 30, 2015, were $136.2 million and were the result of the termination of the Wal-Mart Agreement, cessation of operations of NESA, and decline in market capitalization.

Intangible Assets

Intangible Assets	12 Months Ended
	Sep. 30, 2015
Intangible Assets
Intangible Assets	7. Intangible Assets Intangible assets at September 30, 2015 and September 30, 2014 consisted of the following: September 30, 2015 September 30, 2014 Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Contract intangibles $ $ — $ $ $ ) $ Brand and technology 3 - 5 ) ) Covenants not to compete 3 - 5 ) ) Patent and trademarks 3 - 10 ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Future expected amortization of intangible assets at September 30, 2015 was as follows: Years ending September 30, Amortization (in thousands) 2016 $ 2017 2018 2019 2020 and after ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization expense related to intangible assets for the years ended September 30, 2015, 2014 and 2013 was $3,105,000, $10,972,000, and $11,678,000, respectively.

Debt

Debt	12 Months Ended
	Sep. 30, 2015
Debt
Debt	8. Debt Senior Credit Facility In 2010, the Company entered into a senior credit facility (the Agreement) with a bank, which provides for borrowings up to $75.0 million, as amended. On May 1, 2015, the Company amended this credit facility extending the term to May 31, 2018. Borrowings under the Agreement bear interest at an annual rate equal to the 30 day LIBOR rate plus 1.25% (1.451% at September 30, 2015) due monthly. As of September 30, 2015, the Company had no outstanding borrowings under the Agreement, and the Company's borrowing availability was $37.5 million, of which the Company has used $13.9 million for issued letters of credit. Borrowings under the Agreement are secured by substantially all of the assets of the Company. The Agreement contains certain financial and non-financial restrictive covenants including, among others, the requirements to maintain a minimum level of earnings before interest, income taxes, depreciation and amortization (EBITDA) and a minimum debt coverage ratio. As of September 30, 2015, the Company was in compliance with these covenants.

Commitments

Commitments	12 Months Ended
	Sep. 30, 2015
Commitments
Commitments	9. Commitments Leases The Company leases certain office space and equipment under non-cancelable operating lease agreements, which expire at various dates through 2021. Certain of the leases contain escalation clauses and provide for the pass-through of increases in operating expenses and real estate taxes. Rent related to leases that have escalation clauses is recognized on a straight-line basis. Resulting deferred rent charges are included in other long-term liabilities and were $1,151,000 and $1,113,000, at September 30, 2015 and 2014, respectively. Future minimum payments under the leases as of September 30, 2015 are as follows: Years ending September 30, Operating Lease Payments (in thousands) 2016 $ 2017 2018 2019 2020 2021 ​ ​ ​ ​ ​ Total future minimum lease payments $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rent expense for the years ended September 30, 2015, 2014 and 2013 was $12,528,000, $12,099,000, and $11,236,000, respectively.

401(k) Benefit Plan

401(k) Benefit Plan	12 Months Ended
	Sep. 30, 2015
401(k) Benefit Plan
401(k) Benefit Plan	10. 401(k) Benefit Plan The Company has a retirement plan (the Plan), which is intended to be a qualified plan under Section 401(k) of the Internal Revenue Code. The Plan is a defined contribution plan available to all eligible employees and allows participants to contribute up to the legal maximum of their eligible compensation, not to exceed the maximum tax-deferred amount allowed by the Internal Revenue Service. The Plan also allows the Company to make discretionary matching contributions. For the years ended September 30, 2015, 2014 and 2013, the Company contributed and recorded expense of approximately $2,434,000, $2,680,000, and $2,382,000, respectively, to the Plan.

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2015
Income Taxes
Income Taxes	11. Income Taxes The components of the provision for income taxes of continuing operations are as follows: Year ended September 30, 2015 2014 2013 (in thousands) Current tax provision: U.S. Federal $ ) $ $ State ) Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) Deferred tax (benefit) expense: U.S. Federal ) ) State ) ) ) Foreign ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows: September 30, 2015 2014 (in thousands) Deferred tax assets: Net operating losses—Foreign $ $ Net operating losses—US Accrued vacation and bonus Inventory capitalization Inventory reserves Allowance for doubtful accounts Stock compensation expense Amortization of intangibles Pension liability — Other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets before valuation allowance Less: valuation allowance ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets Deferred tax liabilities: Amortization of goodwill Depreciation Pension liability — ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred taxes $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The net current deferred tax asset of approximately $10,059,000, and $12,321,000 is recorded in prepaid and deferred taxes on the consolidated balance sheet as of September 30, 2015 and 2014, respectively. The net non-current deferred tax asset of approximately $5,871,000 and $6,160,000 is recorded in deferred tax assets and other assets on the consolidated balance sheet as of September 30, 2015 and 2014 respectively. The net non-current deferred tax liability of approximately $2,031,000 and $4,217,000 is recorded in other liabilities on the consolidated balance sheet as of September 30, 2015 and 2014 respectively. The reconciliation of the U.S. federal statutory rate to the effective rate for continuing operations is as follows: Year ended September 30, 2015 2014 2013 U.S. statutory rate % % % Permanent items ) State taxes Net foreign rate differential ) ) ) Change in valuation allowance ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for income taxes % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At September 30, 2015 and 2014, the Company had deferred tax assets related to available foreign net operating loss (NOL) carryforwards of approximately $8,586,000 and $6,426,000, respectively. All but approximately $455,000 of our foreign NOLs maintain an indefinite carry forward life. The NOLs with limited carryforward periods will expire beginning in 2017 through 2035. Due to historic losses of those foreign entities, the Company does not believe that it is more likely than not that the related deferred tax assets will be realized and a full valuation allowance has been recorded. In addition, the Company also recorded a deferred tax asset of $9,534,000 related to NOL carryforwards related to its loss from its sale of the Jacobs Trading business. These NOL carryforwards expire in 2035. The Company will adjust these NOL carryforwards and the related valuation allowance as the related tax returns are filed. The Company has incurred a current U.S. tax loss of approximately $112,085,000 of which $91,759,000 will be carried back to 2013 and 2014 to recover approximately $32,115,000 and $1,376,000 of federal and state taxes respectively. The Company has not recorded a provision for deferred U.S. tax expense on the undistributed earnings of foreign subsidiaries since the Company intends to indefinitely reinvest the earnings of these foreign subsidiaries outside the U.S. The amount of such undistributed foreign earnings was approximately $12.0 million as of September 30, 2015. As of September 30, 2015 and 2014, approximately $23.6 million and $9.3 million, respectively, of cash and cash equivalents was held overseas and not available to fund domestic operations without incurring taxes upon repatriation. The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis. The Company's policy is to recognize interest and penalties in the period in which they occur in the income tax provision. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions and in foreign jurisdictions, primarily Canada and the U.K. Currently, the Company is subject to income tax examinations for fiscal years 2012, 2013, and 2014. The Company anticipates no material tax liability to arise from these examinations. The statute of limitations for years prior to fiscal 2012 is now closed. However, certain tax attribute carryforwards that were generated prior to fiscal 2012 may be adjusted upon examination by tax authorities if they are utilized.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Sep. 30, 2015
Stockholders' Equity
Stockholders' Equity	12. Stockholders' Equity 2006 Omnibus Long-Term Incentive Plan In conjunction with the Company's initial public offering, the board of directors and the Company's stockholders approved the 2006 Omnibus Long-Term Incentive Plan, or the 2006 Plan, on December 2, 2005. The 2005 Stock Option and Incentive Plan was terminated when the 2006 Plan became effective, immediately after the closing of the initial public offering. A portion of the options and restricted shares granted to employees vest based on certain performance conditions being satisfied by the Company. Performance-based stock options are tied to the Company's annual performance against pre-established internal targets and the actual payout under these awards may vary from zero to 100% of an employee's target payout, based upon the Company's actual performance during the previous twelve months. The performance-based stock options are also subject to vesting requirements and generally vest when the performance condition has been satisfied. The fair value for stock options granted during the period was estimated at the grant date using the Black-Scholes option pricing model, as described in Note 2, and the fair value of restricted shares granted is based on the closing price of the shares on the grant date. Compensation cost is recognized when the performance condition has been satisfied or when it becomes probable that the performance condition will be satisfied. Under the 2006 Plan, as amended, 10,000,000 shares were available for issuance. At September 30, 2009, there were 5,189,996 shares remaining reserved for issuance in connection with awards under the 2006 Plan. During fiscal year 2010, the Company granted options to purchase 624,566 shares to employees and directors with exercise prices between $9.05 and $13.96, and options to purchase 75,467 shares were forfeited. During fiscal year 2010, the Company granted 699,410 restricted shares to employees and directors at prices ranging from $9.05 to $13.96, and 45,026 restricted shares were forfeited. At September 30, 2010, there were 3,986,513 shares remaining reserved for issuance in connection with awards under the 2006 Plan. During fiscal year 2011, the Company granted options to purchase 321,072 shares to employees and directors with exercise prices between $14.30 and $17.02, and options to purchase 73,591 shares were forfeited. During fiscal year 2011, the Company granted 736,340 restricted shares to employees and directors at prices ranging from $12.88 to $25.52, and 150,112 restricted shares were forfeited. During fiscal year 2012, the Company granted options to purchase 181,783 shares to employees and directors with exercise prices between $31.37 and $42.31, and options to purchase 78,148 shares were forfeited. During fiscal year 2012, the Company granted 633,647 restricted shares to employees and directors at prices ranging from $31.37 to $52.55, and 138,052 restricted shares were forfeited. During the twelve months ended September 30, 2012, the Company issued 100,000 restricted shares to a non-employee that vest based on performance conditions. During fiscal year 2013, the Company granted options to purchase 171,994 shares to employees and directors with exercise prices between $29.47 and $46.72, and options to purchase 32,244 shares were forfeited. During fiscal year 2013, the Company granted 997,857 restricted shares to employees and directors at prices ranging from $29.47 to $42.47, and 403,083 restricted shares were forfeited. During the twelve months ended September 30, 2013, the Company issued 335,000 restricted shares and cancelled 281,500 restricted shares to a non-employee that vest based on performance conditions. During fiscal year 2014, the Company granted options to purchase 437,755 shares to employees and directors with exercise prices between $21.53 and $31.37, and options to purchase 181,094 shares were forfeited. During fiscal year 2014, the Company granted 1,040,748 restricted shares to employees and directors at prices ranging from $13.11 to $38.09, and 250,586 restricted shares were forfeited. In February 2015, at the Company's annual meeting of stockholders, the stockholders approved an amendment to the Plan which provided for an increase of 3,000,000 shares of the Company's common stock to the shares available for issuance under the 2006 Plan and established a fungible share pool so that grants of awards other than options or stock appreciation rights after January 9, 2015, would be counted as 1.5 shares from the reserve. During fiscal year 2015, the Company granted options to purchase 310,177 shares to employees and directors with exercise prices between $9.35 and $10.41, and options to purchase 288,572 shares were forfeited. During fiscal year 2015, the Company granted 1,298,604 restricted shares to employees and directors at prices ranging from $9.35 to $12.57, and 486,040 restricted shares were forfeited. At September 30, 2015, there were 2,364,472 shares remaining reserved for issuance in connection with awards under the 2006 Plan. During the fiscal year ended September 30, 2015, the Company issued 737,972 cash-settled stock appreciation rights, at the price of $9.35, and 59,156 cash-settled stock appreciation rights were forfeited. Stock appreciation rights are recorded as liability awards. The maximum number of shares subject to options or stock appreciation rights that can be awarded under the 2006 Plan to any person is 1,000,000 per year. The maximum number of shares that can be awarded under the 2006 Plan to any person, other than pursuant to an option or stock appreciation right, is 700,000 per year. These shares and options generally vest over a period of one to four years conditioned on continued employment for the incentive period. The 2006 Plan permits the granting of options to purchase shares of common stock intended to qualify as incentive stock options under the Internal Revenue Code and stock options that do not qualify as incentive stock options ("non-qualified stock options"). The exercise price of each stock option may not be less than 100% of the fair market value of the common stock on the date of grant. However, if a grant recipient, who holds at least 10% of the common stock of the Company, receives an incentive stock option, the exercise price of such incentive stock option may not be less than 110% of the fair market value of the common stock on the date of grant. The term of each stock option is fixed by the compensation committee and may not exceed 10 years from the date of grant. The compensation committee may also award under the 2006 Plan: • restricted stock, which are shares of common stock subject to restrictions; • stock units, which are common stock units subject to restrictions; • dividend equivalent rights, which are rights entitling the recipient to receive credits for dividends that would be paid if the recipient had held a specified number of shares of common stock; • stock appreciation rights, which are rights to receive a number of shares or, in the discretion of the compensation committee and subject to applicable law, an amount in cash or a combination of shares and cash, based on the increase in the fair market value of the shares underlying the right during a stated period specified by the compensation committee; • unrestricted stock, which are shares of common stock granted without restrictions as a bonus; and • performance and annual incentive awards, ultimately payable in common stock or cash, as determined by the compensation committee (the compensation committee may grant multi-year and annual incentive awards subject to achievement of specified goals tied to business criteria set forth in the 2006 Plan). Share Repurchase Program The Company's Board of Directors has approved the repurchase of up to $101.9 million in shares under a share repurchase program. Under the program, the Company is authorized to repurchase the issued and outstanding shares of common stock. Share repurchases may be made through open market purchases, privately negotiated transactions or otherwise, at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions. The repurchase program may be discontinued or suspended at any time, and will be funded using the Company's available cash. The Company's Board of Directors reviews the share repurchase program periodically, the last such review having occurred in February 2014. A summary of the Company's share repurchase activity from fiscal year 2009 to the year ended September 30, 2015 is as follows: Fiscal Year Period Total Number of Shares Purchased Average Price Paid per Share Total Cash Paid for Shares Purchased Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1) 2009 $ $ $ 2010 $ 2011 $ 2012 $ 2013 — — — 2014 $ 2015 — — — $ (1) On December 2, 2008, the Company's Board of Directors approved a share repurchase program, under which the Company was authorized to repurchase up to $10.0 million of the issued and outstanding shares of Company common stock. On each of February 2, 2010, November 30, 2010 and May 31, 2011, the Company's Board of Directors approved an additional $10.0 million for the share repurchase program. On May 17, 2012, the Company's Board of Directors approved an additional $30.0 million for the share repurchase program. On December 12, 2013, the Company's Board of Directors approved an additional approximately $12.9 million for the share repurchase program. On February 5, 2014, the Company's Board of Directors approved an additional $19.0 million for the share repurchase program. Stock Option Activity A summary of the Company's stock option activity for the years ended September 30, 2015, 2014, and 2013 is as follows: Options Weighted- Average Exercise Price Options outstanding at September 30, 2012 $ Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2013 Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2014 Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options exercisable at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table summarizes information about options outstanding at September 30, 2015: Options Outstanding Range of Exercise Price Number Outstanding Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price $5.53 - $7.48 $ $8.40 - $46.72 $ The following table summarizes information about options exercisable at September 30, 2015: Options Exercisable Range of Exercise Price Number Exercisable Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price $5.53 - $46.72 $ The following table summarizes information about assumptions used in valuing options granted: Year ended September 30 2015 2014 2013 Dividend yield — — — Expected volatility 71.9% - 77.9% 51.8% - 60.6% Risk-free interest rate 0.26% - 1.4% 0.1% - 1.2% 0.1% - 1.0% Expected forfeiture rate 22.2% - 22.8% The intrinsic value of outstanding and exercisable options at September 30, 2015 was approximately $2,000 and $2,000, respectively, based on a stock price of $7.39 on September 30, 2015. The weighted average grant date fair value of options granted during 2015, 2014, and 2013 was $4.89, $7.89, and $12.98, respectively. The intrinsic value of options exercised at September 30, 2015, 2014, and 2013 was approximately $4,000, $1,119,000, and $4,943,000, respectively. Restricted Share Activity A summary of the Company's restricted share activity for the years ended September 30, 2015, 2014, and 2013 is as follows: Restricted Shares Weighted- Average Fair Value Unvested restricted shares at September 30, 2012 $ Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2013 Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2014 Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the years ended September 30, 2015, 2014 and 2013 the Company recorded stock-based compensation of $12,405,000, $12,605,000, and $13,379,000, respectively. The total costs related to unvested awards, not yet recognized, as of September 30, 2015 was $28,666,000, which will be recognized over the weighted average vesting period of 20.3 months.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Sep. 30, 2015
Fair Value Measurement
Fair Value Measurement	13. Fair Value Measurement The Company measures and records in the accompanying consolidated financial statements certain liabilities at fair value on a recurring basis. Authoritative guidance issued by the FASB establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company's assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 Quoted market prices in active markets for identical assets or liabilities; Level 2 Inputs other than Level 1 inputs that are either directly or indirectly observable; and Level 3 Unobservable inputs developed using estimates and assumptions developed by the Company, which reflect those that a market participant would use. As of September 30, 2015 and 2014, the Company had no Level 1 or Level 2 assets or liabilities measured at fair value. As of September 30, 2013, the Company's liability for an earn-out related to the NESA acquisition of $18,390,000 is the only liability measured at fair value on a recurring basis and classified as Level 3 within the fair value hierarchy. Based upon revised projections and as a result of unfavorable developments in the business, the Company determined that the fair value of the earn-out relates to the NESA acquisition as of June 30, 2014 was zero and reversed the liability of $18.6 million. The Company continues to believe that the fair value of the earn-out related to the NESA acquisition is zero as of September 30, 2015. The changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value for the year ended September 30, 2015 are as follows ($ in thousands): Level 3 Liabilities Balance at September 30, 2013 $ Acquisition contingent consideration — Settlements — Change in fair value of contingent consideration ) ​ ​ ​ ​ ​ Balance at September 30, 2014 — Acquisition contingent consideration — Settlements — Change in fair value of contingent consideration — ​ ​ ​ ​ ​ Balance at September 30, 2015 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ When valuing its Level 3 liabilities, the Company gives consideration to operating results, financial condition, economic and/or market events, and other pertinent information that would impact its estimate of the expected earn-out payment. The valuation procedures are primarily based on management's projection of EBITDA for the acquired businesses and applying a discount to the expected earn out payments to estimate fair value. Discount rates range from 2.0% to 6.0% and are based on the Company's cost of borrowing. Given the short-term nature of the earn-out periods, changes in the discount rate are not expected to have a material impact on the fair value of these liabilities. Because of the inherent uncertainty, this estimated value may differ significantly from the value that would have been used had a ready market for the liability existed, and it is reasonably possible that the difference could be material. Changes in fair value of the Company's Level 3 liabilities are recorded in Acquisition costs and related fair value adjustments and impairment of goodwill and long-lived assets in the Consolidated Statements of Operations. The Company's financial assets not measured at fair value are cash and cash equivalents (which includes cash and commercial paper with original maturities of less than 90 days). The Company believes the carrying value approximates fair value due to the short term maturity of these instruments.

Defined Benefit Pension Plan

Defined Benefit Pension Plan	12 Months Ended
	Sep. 30, 2015
Defined Benefit Pension Plan
Defined Benefit Pension Plan	14. Defined Benefit Pension Plan Certain employees of GoIndustry, which the Company acquired in July 2012, are covered by a qualified defined benefit pension plan. The Company recognizes the funded status of its postretirement benefit plans, with a corresponding noncash adjustment to accumulated other comprehensive loss, net of tax, in stockholders' equity. The funded status is measured as the difference between the fair value of the plan's assets and the benefit obligation of the plan. The net periodic benefit cost recognized for the years ended September 30, 2015, 2014 and 2013, included the following components: Qualified Defined Benefit Pension Plan Year ended September 30, 2015 2014 2013 (in thousands) Interest cost $ $ $ Expected return on plan assets ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net periodic benefit cost $ ) $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table provides a reconciliation of benefit obligations, plan assets, and funded status related to the Company's qualified defined benefit pension plan for the years ended September 30, 2015 and September 30, 2014: Qualified Defined Benefit Pension Plan Year ended September 30, 2015 2014 (in thousands) Change in benefit obligation Beginning balance $ $ Interest cost Benefits paid ) ) Actuarial (gain)/loss ) Foreign currency exchange rate changes ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Qualified Defined Benefit Pension Plan Year ended September 30, 2015 2014 (in thousands) Change in plan assets Beginning balance at fair value $ $ Actual return on plan assets Benefits paid ) ) Employer's contributions Foreign currency exchange rate changes ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at fair value $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overfunded (underfunded) status of the plan $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The accrued pension asset of $0.5 million is recorded in Other long-term assets in the Consolidated Balance Sheet. Because the plan is closed to new participants, the accumulated benefit obligation is equal to the projected benefit obligation, and totals $24,069,000 and $27,527,000 at September 30, 2015 and September 30, 2014, respectively. The amount recognized in other comprehensive loss related to the Company's qualified defined benefit pension plan, net of tax, for the year ended September 30, 2015 and September 30, 2014, is shown in the following table: Qualified Defined Benefit Pension Plan Year ended September 30, 2015 2014 (in thousands) Accumulated OCI Accumulated OCI at beginning of year $ ) $ ) New actuarial (gains)/losses ) ​ ​ ​ ​ ​ ​ ​ ​ Accumulated OCI at end of year $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during 2015 based on September 30, 2015 plan measurements are $0. The plan complies with the funding provisions of the UK Pensions Act 2004 and the Occupational Pension Schemes Regulations Act 2005. In fiscal year 2016, the Company expects to contribute $1.6 million to the plan. In addition, the Company expects to make the following pension plan contributions over the next 10 years: Plan Contributions (in thousands) Year ending September 30, 2016 $ 2017 2018 2019 2020 — 2021 through 2025 — ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Actuarial Assumptions The actuarial assumptions used to determine the benefit obligations at September 30, 2015 and September 30, 2014, and to determine the net periodic benefit cost for the year were as follows: Qualified Defined Benefit Pension Plan 2015 2014 Discount rate % % Expected return on plan assets % % Increases to non-GMP pensions in payment accrued pre 4/6/97 % % Increases to non-GMP pensions in payment accrued post 4/6/97 % % Rate of increases to deferred CPI linked benefits % % Rate of increases to deferred RPI linked benefits % % Mortality—90% of S1NxA tables, projected in line with 2014 CMI projection model and 1.0% p.a long-term rate of improvement. Estimated Future Benefit Payments The Company's pension plan expects to make the following benefit payments to participants over the next 10 years: Pension Benefits (in thousands) Year ending September 30, 2016 $ 2017 2018 2019 2020 2021 through 2025 ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements The investment policy and strategy of the plan assets, as established by the Trustees of the plan, strive to maximize the likelihood of achieving primary objectives of the investment policy established for the plan. The primary objectives are: 1) Funding—to ensure that the Plan is fully funded using assumptions that contain a modest margin for prudence. Where an actuarial valuation reveals a deficit, a recovery plan will be put in place which will take into account the financial covenant of the employer; 2) Stability—to have due regard to the likely level and volatility of required contributions when setting the Plan's investment strategy; and 3) Security—to ensure that the solvency position of the Plan is expected to improve. The Trustees will take into account the strength of employer's covenant when determining the expected improvement in the solvency position of the Plan. Assets were initially invested based on the target allocations stated below. The assets are allocated among equity investments and fixed income securities. The Trustees review the investment policy on an ongoing basis, to determine whether a change in the policy or asset allocation targets is necessary. The assets are not rebalanced and consisted of the following as of September 30, 2015: Target Allocation Actual 2015 Equity securities % % Fixed-income securities % % Cash equivalents % % ​ ​ ​ ​ ​ ​ ​ ​ Total % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The class of equity securities consists of one pooled fund whose strategy is to invest in approximately 70% UK company shares (domestic) and 30% international equity securities. The class of fixed-income securities consists of one pooled fund whose strategy is to invest in a limited number of government and corporate bonds. The expected long-term rate of return for the plan's total assets is based on the expected returns of each of the above categories, weighted based on the current target allocation for each class. The Trustees evaluate whether adjustments are needed based on historical returns to more accurately reflect expectations of future returns. The Company is required to present certain fair value disclosures related to its postretirement benefit plan assets, even though those assets are not included on the Company's Consolidated Balance Sheets. The following table presents the fair value of the assets of the Company's qualified defined benefit pension plan by asset category and their level within the fair value hierarchy, which has three levels based on reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets, Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs. Balance as of September 30, 2015 Level 1 Level 2 Level 3 Total (in thousands) Equity securities $ — $ $ — $ Fixed-income securities — — Cash equivalents — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation Techniques The Company relies on pricing inputs from investment fund managers to value investments. The fund manager prices the underlying securities using independent external pricing sources, or determined according to approved pricing policies in circumstances where independent sources are not available.

Guarantees

Guarantees	12 Months Ended
	Sep. 30, 2015
Guarantees
Guarantees	15. Guarantees During the second quarter of 2015, the Company issued a guarantee to GoIndustry (UK) Limited (the "Subsidiary") and the Trustees (the "Trustees") of the Henry Butcher Pension Fund and Life Assurance Scheme (the "Scheme"). Under the arrangement, the Company irrevocably and unconditionally (a) guarantees to the Trustees punctual performance by the Subsidiary of all its Guaranteed Obligations, defined as all present and future obligations and liabilities (whether actual or contingent and whether owed jointly or severally in any capacity whatsoever) of the Company to make payments to the Scheme up to a maximum of 10 million British pounds, (b) undertakes with the Trustees that, whenever the Subsidiary does not pay any amount when due in respect of its Guaranteed Obligations, it must immediately on demand by the Trustees pay that amount as if it were the principal obligor; and (c) indemnifies the Trustees as an independent and primary obligation immediately on demand against any cost, charge, expense, loss or liability suffered or incurred by the Trustees if any payment obligation guaranteed by it is or becomes unenforceable, invalid or illegal; the amount of the cost, charge, expense, loss or liability under this indemnity will be equal to the amount the Trustees would otherwise have been entitled to recover on the basis of a guarantee. The guarantee is a continuing guarantee that will extend to the ultimate balance of all sums payable by the Company in respect of its Guaranteed Obligations.

Business Realignment Expenses

Business Realignment Expenses	12 Months Ended
	Sep. 30, 2015
Business Realignment Expenses
Business Realignment Expenses	16. Business Realignment Expenses On October 1, 2014, the Company announced that it had realigned its workforce in response to the new terms and scope of its DoD (third) Surplus Contract for non-rolling stock and to adjust for the efficiencies realized in its commercial business through ongoing integration efforts to support the future vision and growth of the Company. The business realignment included employee reductions across the organization. Business realignment expenses during the fiscal year ended September 30, 2014, included costs of $1.8 million in employee severance and benefit costs. In September 2015, the Company evaluated its business realignment effort which resulted in a net increase of $0.3 million in accrued expense primarily due to timing changes in commencement of the third DoD Surplus Contract and the delay in the wind-down of the NESA business. The table below sets forth the significant components and activity in the business realignment initiatives during the fiscal year ended September 30, 2015 Liability Balance at September 30, 2014 Business Realignment Expenses Cash Payments Foreign Currency Adjustment Liability Balance at September 30, 2015 (in thousands) Employee severance and benefit costs for fiscal 2014 accrual $ $ ) $ ) $ ) $ Employee severance and benefit costs for fiscal 2015 accrual — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The business realignment expenses are recorded in costs and expenses from operations in the statement of operations, and in accrued expenses and other current liabilities on the balance sheet as of September 30, 2014 and September 30, 2015.

Termination of the Wal-Mart Agr

Termination of the Wal-Mart Agreement	12 Months Ended
	Sep. 30, 2015
Termination of the Wal-Mart Agreement
Termination of the Wal-Mart Agreement	17. Termination of the Wal-Mart Agreement As a result of the acquisition of Jacobs Trading Company on October 1, 2011, the Company assumed the rights and obligations of Jacobs Trading Company under Seller's Master Merchandise Salvage Contract (the "Wal-Mart Agreement") dated May 13, 2011. On December 1, 2014, Wal-Mart provided the Company written notice (the "Termination Notice") terminating the Wal-Mart Agreement effective December 8, 2014. The Termination Notice alleged that the Company failed to comply with certain provisions under the Wal-Mart Agreement with respect to service level requirements and restrictions on the disposition of merchandise. The Company disputed these allegations and contested the termination of the Wal-Mart Agreement with Wal-Mart. As a result of negotiations with Wal-Mart, on January 22, 2015, a settlement was finalized whereby, in exchange for both parties waiving all respective claims against the other, Wal-Mart agreed to pay $7.5 million in damages. The payment was received from Wal-Mart in February 2015.

Business Disposition

Business Disposition	12 Months Ended
	Sep. 30, 2015
Business Disposition
Business Disposition	18. Business Disposition On September 30, 2015, the Company sold certain assets related to the Jacobs Trading business to a Buyer, Tanager Acquisitions, LLC. In connection with the disposition, the Buyer assumed certain liabilities related to the Jacobs Trading business. The Buyer issued the Company a five-year promissory note in the amount of $12.3 million. As a result of the disposition, during the three months ended September 30, 2015, the Company recorded a loss on the disposition of $8.0 million, determined as follows (in thousands): Carrying value of net assets disposed $ Carrying value of net liabilities disposed ) ​ ​ ​ ​ ​ Buyer issued note ) ​ ​ ​ ​ ​ Loss on sale of assets $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Legal Proceedings

Legal Proceedings	12 Months Ended
	Sep. 30, 2015
Legal Proceedings
Legal Proceedings	19. Legal Proceedings On July 14, 2014, Leonard Howard filed a putative class action complaint in the United States District Court for the District of Columbia against the Company and its chief executive officer, chief financial officer, and chief accounting officer, on behalf of stockholders who purchased the Company's common stock between February 1, 2012, and May 7, 2014. The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, misrepresenting the Company's growth initiative, growth potential, and financial and operating conditions, thereby artificially inflating its share price, and seeks unspecified compensatory damages and costs and expenses, including attorneys' and experts' fees. On October 14, 2014, the Court appointed Caisse de Dépôt et Placement du Québec and the Newport News Employees' Retirement Fund as co-lead plaintiffs. The Plaintiffs filed an amended complaint on December 15, 2014, which alleges substantially similar claims but which does not name the chief accounting officer as a defendant. The Company believes the allegations are without merit and on March 2, 2015, moved to dismiss the amended complaint for failure to state a claim or plead fraud with the requisite particularity. That motion was fully submitted as of June 1, 2015, and the Company is awaiting a decision by the Court. The Company cannot estimate a range of potential liability, if any, at this time.

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)	12 Months Ended
	Sep. 30, 2015
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)	20. Quarterly Results (Unaudited) The following table sets forth for the eight most recent quarters the selected unaudited quarterly consolidated statement of operations data. The unaudited quarterly consolidated statement of operations data has been prepared on the same basis as the Company's audited consolidated financial statements and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of this data. Three months ended Dec. 31, 2013 Mar. 31, 2014 June 30, 2014 Sept. 30, 2014 Dec. 31, 2014 Mar. 31, 2015 June 30, 2015 Sept. 30, 2015 (in thousands, except share and per share data) Revenue from operations $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before provision for income taxes from operations $ $ $ $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from operations $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per common share $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per common share $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted weighted average shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Sep. 30, 2015
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS (dollars in thousands) Balance at beginning of period Charged (credited) to expense Reductions Balance at end of period Deferred tax valuation allowance (deducted from net deferred tax assets) Year ended September 30, 2013 — Year ended September 30, 2014 — Year ended September 30, 2015 — Allowance for doubtful accounts (deducted from accounts receivable) Year ended September 30, 2013 Year ended September 30, 2014 Year ended September 30, 2015 Inventory allowance (deducted from inventory) Year ended September 30, 2013 Year ended September 30, 2014 — Year ended September 30, 2015 )

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Certain prior period amounts have been reclassified to conform to the current year's presentation. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. In addition, in the opinion of management, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included.
Business Combinations	Business Combinations The Company recognizes all of the assets acquired, liabilities assumed, contractual contingencies, and contingent consideration at their fair value on the acquisition date. Acquisition-related costs are recognized separately from the acquisition and expensed as incurred. Restructuring costs incurred in periods subsequent to the acquisition date are expensed when incurred. Subsequent changes to the purchase price ( i.e. , working capital adjustments) or other fair value adjustments determined during the measurement period are recorded as an adjustment to goodwill, with the exception of contingent consideration, which is recognized in the statement of operations in the period it is modified. All subsequent changes to a valuation allowance or uncertain tax position that relate to the acquired company and existed at the acquisition date that occur both within the measurement period and as a result of facts and circumstances that existed at the acquisition date are recognized as an adjustment to goodwill. All other changes in valuation allowances are recognized as a reduction or increase to income tax expense or as a direct adjustment to additional paid-in capital as required.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid securities purchased with an initial maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable are recorded at the invoiced amount and are non-interest bearing. The Company maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Allowances are based on management's judgment, which considers historical experience and specific knowledge of accounts where collectability may not be probable. The Company makes provisions based on historical bad debt experience, a specific review of all significant outstanding invoices and an assessment of general economic conditions.
Inventory	Inventory Inventory consists of property obtained for resale, generally through the online auction process, and is stated at the lower of cost or market. Cost is determined using the specific identification method. Charges for unsellable inventory are included in cost of goods sold in the period in which they have been determined to occur.
Property and Equipment	Property and Equipment Property and equipment is recorded at cost, and depreciated and amortized on a straight-line basis over the following estimated useful lives: Computers and purchased software One to five years Office equipment Three years Furniture and fixtures Five to seven years Leasehold improvements Shorter of lease term or useful life Buildings Thirty-nine years Land Not depreciated
Intangible Assets	Intangible Assets Intangible assets primarily consist of contract acquisition costs, covenants not to compete, and other intangible assets associated with acquisitions. Intangible assets are amortized using the straight-line method over their estimated useful lives, ranging from three to ten years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Long-lived assets, including amortizable intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. If an impairment indicator is present, the Company evaluates recoverability by comparing the carrying amount of the assets to future undiscounted net cash flows expected to be generated by the assets. If the assets are impaired, the impairment recognized is measured by the amount by which the carrying amount exceeds the estimated fair value of the assets.
Goodwill	Goodwill Goodwill is reviewed for impairment annually or more frequently if events or circumstances indicate impairment may exist. Examples of such events or circumstances could include a significant change in business climate or the loss of a significant customer. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more than likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further testing of goodwill assigned to the reporting unit is required. However, if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company applies a two-step fair value-based test to assess goodwill for impairment. The first step compares the fair value of a reporting unit to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the second step is then performed. The second step compares the carrying amount of the reporting unit's goodwill to the implied fair value of the goodwill. If the fair value of the goodwill is less than the carrying amount, an impairment loss would be recorded in the statement of operations.
Revenue Recognition	Revenue Recognition The Company recognizes revenue when all of the following criteria are met: • a buyer submits the winning bid in an auction and, as a result, evidence of an arrangement exists and the sale price has been determined; • the buyer has assumed the risks and rewards of ownership; and • collection is reasonably assured. Revenue is also evaluated for reporting revenue of gross proceeds as the principal in the arrangement or net of commissions as an agent. In arrangements in which the Company is deemed to be the primary obligor, bears physical and general inventory risk, and credit risk, LS recognizes as revenue the gross proceeds from the sale, including buyer's premiums. The Company has evaluated its revenue recognition policy related to sales under LS's profit-sharing model and determined it is appropriate to account for these sales on a gross basis. In the Company's evaluation, the Company relied most heavily upon its status as primary obligor in the sales relationship and the fact that the Company has general inventory risk. In arrangements in which the Company acts as an agent or broker on a consignment basis, without taking physical or general inventory risk, revenue is recognized based on the sales commissions that are paid to the Company by the sellers for utilizing LS's services; in this situation, sales commissions represent a percentage of the gross proceeds from the sale that the seller pays to the Company upon completion of the transaction. Such revenue as well as other fee revenue is presented as Fee Revenue in the Consolidated Statements of Operations. The Company collects and remits sales taxes on merchandise that it purchases and sells, and reports such amounts under the net method in its Consolidated Statements of Operations.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes the costs of purchasing and transporting property for auction as well as credit card transaction fees. The Company purchases the majority of its inventory at a percentage of the supplier's original acquisition cost under the Surplus Contract and certain commercial contracts, at a percentage of the supplier's last retail price under certain commercial contracts, and at a fixed price per pound that varies depending on the type of the inventory purchased under the Scrap Contract. Title for the inventory passes to the Company at the time of purchase and the Company bears the risks and rewards of ownership. The Company does not have title to assets sold on behalf of its commercial or government customers when it receives only sales commission revenue and, as such, recognizes no cost of goods sold associated with those sales. Cost of goods sold also includes shipping and handling costs and amounts paid by customers for shipping and handling.
Risk Associated with Certain Concentrations	Risk Associated with Certain Concentrations The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received. For consignment sales transactions, funds are collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash and cash equivalents in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded as customer payables in the accompanying Consolidated Balance Sheets. Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents in banks over FDIC limits, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality.
Income Taxes	Income Taxes The Company accounts for income taxes using an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and income tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which the taxes are expected to be paid or recovered. A valuation allowance is provided to reduce the deferred tax assets to a level that the Company believes will more likely than not be realized. The resulting net deferred tax asset reflects management's estimate of the amount that will be realized. The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis.
Stock-Based Compensation	Stock-Based Compensation The Company estimates the fair value of share-based awards on the date of grant. The fair value of stock options and stock appreciation rights is determined using the Black-Scholes option-pricing model. The fair value of restricted stock awards is based on the closing price of the Company's common stock on the date of grant. The determination of the fair value of the Company's stock option awards, stock appreciation rights, and restricted stock awards is based on a variety of factors including, but not limited to, the Company's common stock price, expected stock price volatility over the expected life of awards based on historical realized volatility, and actual and projected exercise behavior. Additionally, the Company has estimated forfeitures for share-based awards at the dates of grant based on historical experience, adjusted for future expectation. The forfeiture estimate is revised as necessary if actual forfeitures differ from materially these estimates. The Company issues restricted stock awards where restrictions lapse upon either the passage of time (service vesting), achieving performance targets, or some combination of these restrictions. For those restricted stock awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the explicit service period. For awards with both performance and service conditions, the Company starts recognizing compensation cost over the remaining service period, when it is probable the performance condition will be met. For stock awards that contain performance vesting conditions, the Company excludes these awards from diluted earnings per share computations until the contingency is met as of the end of that reporting period. For awards to non-employees (who are not directors), the Company records compensation cost as the performance condition is met. The Company presents the cash flows resulting from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) as a financing activity with a corresponding operating cash outflow in the Consolidated Statements of Cash Flows.
Advertising Costs	Advertising Costs Advertising expenditures are expensed as incurred. Advertising costs charged to expense were $5,331,000, $7,229,000, and $4,560,000 for the years ended September 30, 2015, 2014 and 2013, respectively.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Cash and cash equivalents, accounts receivable, accounts payable, profit-sharing distributions payable, and customer payables reported in the Consolidated Balance Sheets approximate their fair values.
Foreign Currency Translation	Foreign Currency Translation The functional currency of the Company's foreign subsidiaries is the local currency. The translation of the subsidiary's financial statements into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average exchange rate during the period. The resulting translation adjustments are recognized in accumulated other comprehensive (loss) income, a separate component of stockholders' equity. Realized foreign currency transaction gains and losses for 2013, 2014 and 2015 are included in interest expense and other expense (income), net in the consolidated statements of operations.
Earnings per Share	Earnings per Share Basic net income attributable to common stockholders per share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net income attributable to common stockholders per share includes the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company had 1,543,869 unvested restricted shares, which were issued at prices ranging from $7.48 -$52.55, during the years ended September 30, 2013, 2012, 2011, 2010, and 2009, of which 383,831 have been included in the calculation of diluted income per share for the year ended September 30, 2013. The Company had 1,897,827 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2014, 2013, 2012, 2011, 2010, and 2008, of which 341,137 have been included in the calculation of diluted income per share for the year ended September 30, 2014. The Company had 2,367,187 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2015, 2014, 2013, 2012, 2011, 2010, and 2008, of which 795,923 have been included in the calculation of diluted income per share for the year ended September 30, 2015. The Company has also not included the following stock options in the calculation of diluted income per share because the option exercise prices were greater than the average market prices for the applicable periods: (a) for the fiscal year ended September 30, 2015 - 1,256,345 options; (b) for the fiscal year ended September 30, 2014 - 836,303 options; and (c) for the fiscal year ended September 30, 2013 - 151,291 options. The following summarizes the potential outstanding common stock of the Company as of the dates set forth below: September 30, 2015 2014 2013 (amounts in thousands except per share and share data) Weighted average shares calculation: Basic weighted average shares outstanding Treasury stock effect of options and restricted stock — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard that will change the way the Company recognizes revenue and significantly expand the disclosure requirements for revenue arrangements. In July 2015, the FASB delayed the effective date of the new standard such that the new standard will be effective for the Company beginning on October 1, 2018, and may be adopted either retrospectively or on a modified retrospective basis whereby the new standard would be applied to new and existing arrangements with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to retained earnings at the effective date for existing arrangements with remaining performance obligations. The Company is currently evaluating the methods of adoption allowed by the new standard and the effect that adoption of the standard is expected to have on the consolidated financial statements and related disclosures. As a result, the Company's evaluation of the effect of the new standard will likely extend over several future periods. In April 2014, FASB issued Accounting Standards Update ("ASU") 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The amendments in this Update improve the definition of discontinued operations by limiting discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity's operations and financial results. Under current U.S. GAAP, many disposals, some of which may be routine in nature and not a change in an entity's strategy, are reported in discontinued operations. The amendments in this update also require expanded disclosures for discontinued operations. In addition, for individually significant components of an entity that does not qualify for discontinued operations reporting, the Update requires the entity to disclose the pretax profit or loss of the component. Publicly-traded entities are required to prospectively apply this guidance for all disposals (or classifications as held for sale) of components that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. The Company has evaluated and early adopted the new standard for purposes of reporting the disposal of Jacobs Trading Company pursuant to a purchase and sale agreement on September 22, 2015. In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220)—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income , which amends existing guidance by requiring that additional information be disclosed about items reclassified out of accumulated other comprehensive income. The additional information includes separately stating the total change for each component of other comprehensive income and separately disclosing both current-period other comprehensive income and reclassification adjustments. Entities are also required to present, either on the face of the income statement or in the note to the financial statements, significant amounts reclassified out of accumulated other comprehensive income as separate line items of net income but only if the entire amount reclassified must be reclassified to net income in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity must cross-reference to other disclosures that provide additional detail about those amounts. ASU 2013-02 was effective for interim and annual periods beginning after December 15, 2013, which for the Company was its fiscal 2014 first quarter. The adoption of this update did not have a material impact on its financial statements.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies
Schedule of estimated useful lives of property and equipment	Computers and purchased software One to five years Office equipment Three years Furniture and fixtures Five to seven years Leasehold improvements Shorter of lease term or useful life Buildings Thirty-nine years Land Not depreciated
Summary of potential outstanding common stock	September 30, 2015 2014 2013 (amounts in thousands except per share and share data) Weighted average shares calculation: Basic weighted average shares outstanding Treasury stock effect of options and restricted stock — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted weighted average common shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted (loss) earnings per common share $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Sep. 30, 2015
NESA
Acquisitions
Schedule of purchase price allocation	Consideration Amount (in thousands) Cash $ Goodwill Vendor contract intangible asset Covenants not to compete Other intangible asset Property and equipment Accrued liabilities ) ​ ​ ​ ​ ​ Total consideration $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2015
Property and Equipment
Schedule of property and equipment, including equipment under capital lease obligations	September 30, 2015 2014 (in thousands) Computers and purchased software $ $ Office/Operational equipment Furniture and fixtures Vehicles Leasehold improvements Building — Land — ​ ​ ​ ​ ​ ​ ​ ​ Less: Accumulated depreciation and amortization ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Sep. 30, 2015
Goodwill.
Summary of goodwill activity	Goodwill (in thousands) Balance at September 30, 2013 $ Translation adjustments ) ​ ​ ​ ​ ​ Balance at September 30, 2014 Impairment charge ) Business dispostion ) Translation adjustments ) ​ ​ ​ ​ ​ Balance at September 30, 2015 $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Sep. 30, 2015
Intangible Assets
Schedule of intangible assets	September 30, 2015 September 30, 2014 Useful Life (in years) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Contract intangibles $ $ — $ $ $ ) $ Brand and technology 3 - 5 ) ) Covenants not to compete 3 - 5 ) ) Patent and trademarks 3 - 10 ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of future expected amortization of intangible assets	Years ending September 30, Amortization (in thousands) 2016 $ 2017 2018 2019 2020 and after ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Sep. 30, 2015
Commitments
Schedule of future minimum payments under leases	Years ending September 30, Operating Lease Payments (in thousands) 2016 $ 2017 2018 2019 2020 2021 ​ ​ ​ ​ ​ Total future minimum lease payments $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2015
Income Taxes
Schedule of components of provision for income taxes of continuing operations	Year ended September 30, 2015 2014 2013 (in thousands) Current tax provision: U.S. Federal $ ) $ $ State ) Foreign ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) Deferred tax (benefit) expense: U.S. Federal ) ) State ) ) ) Foreign ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total provision $ ) $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of significant components of deferred tax assets and liabilities	September 30, 2015 2014 (in thousands) Deferred tax assets: Net operating losses—Foreign $ $ Net operating losses—US Accrued vacation and bonus Inventory capitalization Inventory reserves Allowance for doubtful accounts Stock compensation expense Amortization of intangibles Pension liability — Other ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets before valuation allowance Less: valuation allowance ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets Deferred tax liabilities: Amortization of goodwill Depreciation Pension liability — ​ ​ ​ ​ ​ ​ ​ ​ Total deferred tax liabilities $ $ ​ ​ ​ ​ ​ ​ ​ ​ Net deferred taxes $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of U.S. federal statutory rate to effective rate for continuing operations	Year ended September 30, 2015 2014 2013 U.S. statutory rate % % % Permanent items ) State taxes Net foreign rate differential ) ) ) Change in valuation allowance ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for income taxes % % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Sep. 30, 2015
Stockholders' Equity
Summary of share repurchase activity	Fiscal Year Period Total Number of Shares Purchased Average Price Paid per Share Total Cash Paid for Shares Purchased Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1) 2009 $ $ $ 2010 $ 2011 $ 2012 $ 2013 — — — 2014 $ 2015 — — — $ (1) On December 2, 2008, the Company's Board of Directors approved a share repurchase program, under which the Company was authorized to repurchase up to $10.0 million of the issued and outstanding shares of Company common stock. On each of February 2, 2010, November 30, 2010 and May 31, 2011, the Company's Board of Directors approved an additional $10.0 million for the share repurchase program. On May 17, 2012, the Company's Board of Directors approved an additional $30.0 million for the share repurchase program. On December 12, 2013, the Company's Board of Directors approved an additional approximately $12.9 million for the share repurchase program. On February 5, 2014, the Company's Board of Directors approved an additional $19.0 million for the share repurchase program.
Summary of stock option activity	Options Weighted- Average Exercise Price Options outstanding at September 30, 2012 $ Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2013 Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2014 Options granted Options exercised ) Options canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options exercisable at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of information about options outstanding and exercisable	The following table summarizes information about options outstanding at September 30, 2015: Options Outstanding Range of Exercise Price Number Outstanding Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price $5.53 - $7.48 $ $8.40 - $46.72 $ The following table summarizes information about options exercisable at September 30, 2015: Options Exercisable Range of Exercise Price Number Exercisable Weighted- Average Remaining Contractual Life Weighted- Average Exercise Price $5.53 - $46.72 $
Summary of information about assumptions used in valuing options granted	Year ended September 30 2015 2014 2013 Dividend yield — — — Expected volatility 71.9% - 77.9% 51.8% - 60.6% Risk-free interest rate 0.26% - 1.4% 0.1% - 1.2% 0.1% - 1.0% Expected forfeiture rate 22.2% - 22.8%
Summary of restricted share activity	Restricted Shares Weighted- Average Fair Value Unvested restricted shares at September 30, 2012 $ Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2013 Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2014 Restricted shares granted Restricted shares vested ) Restricted shares canceled ) ​ ​ ​ ​ ​ ​ ​ ​ Unvested restricted shares at September 30, 2015 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	12 Months Ended
	Sep. 30, 2015
Fair Value Measurement
Schedule of changes in liabilities measured at fair value for which Level 3 inputs used to determine fair value	The changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value for the year ended September 30, 2015 are as follows ($ in thousands): Level 3 Liabilities Balance at September 30, 2013 $ Acquisition contingent consideration — Settlements — Change in fair value of contingent consideration ) ​ ​ ​ ​ ​ Balance at September 30, 2014 — Acquisition contingent consideration — Settlements — Change in fair value of contingent consideration — ​ ​ ​ ​ ​ Balance at September 30, 2015 $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Defined Benefit Pension Plan (T

Defined Benefit Pension Plan (Tables)	12 Months Ended
	Sep. 30, 2015
Defined Benefit Pension Plan
Schedule of net periodic benefit cost recognized	Year ended September 30, 2015 2014 2013 (in thousands) Interest cost $ $ $ Expected return on plan assets ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total net periodic benefit cost $ ) $ ) $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of benefit obligations, plan assets, and funded status related to qualified defined benefit pension plan	Year ended September 30, 2015 2014 (in thousands) Change in benefit obligation Beginning balance $ $ Interest cost Benefits paid ) ) Actuarial (gain)/loss ) Foreign currency exchange rate changes ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended September 30, 2015 2014 (in thousands) Change in plan assets Beginning balance at fair value $ $ Actual return on plan assets Benefits paid ) ) Employer's contributions Foreign currency exchange rate changes ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance at fair value $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Overfunded (underfunded) status of the plan $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of amount recognized in other comprehensive loss related to qualified defined benefit pension plan, net of tax	Year ended September 30, 2015 2014 (in thousands) Accumulated OCI Accumulated OCI at beginning of year $ ) $ ) New actuarial (gains)/losses ) ​ ​ ​ ​ ​ ​ ​ ​ Accumulated OCI at end of year $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of expected pension plan contributions	Plan Contributions (in thousands) Year ending September 30, 2016 $ 2017 2018 2019 2020 — 2021 through 2025 — ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of actuarial assumptions used to determine benefit obligations and net periodic benefit cost	2015 2014 Discount rate % % Expected return on plan assets % % Increases to non-GMP pensions in payment accrued pre 4/6/97 % % Increases to non-GMP pensions in payment accrued post 4/6/97 % % Rate of increases to deferred CPI linked benefits % % Rate of increases to deferred RPI linked benefits % %
Schedule of expected benefit payments to participants	Pension Benefits (in thousands) Year ending September 30, 2016 $ 2017 2018 2019 2020 2021 through 2025 ​ ​ ​ ​ ​ Total $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of allocation of plan assets	Target Allocation Actual 2015 Equity securities % % Fixed-income securities % % Cash equivalents % % ​ ​ ​ ​ ​ ​ ​ ​ Total % % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of fair value of assets of qualified defined benefit pension plan by asset category and level within fair value hierarchy	Balance as of September 30, 2015 Level 1 Level 2 Level 3 Total (in thousands) Equity securities $ — $ $ — $ Fixed-income securities — — Cash equivalents — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Business Realignment Expenses (

Business Realignment Expenses (Tables)	12 Months Ended
	Sep. 30, 2015
Business Realignment Expenses
Schedule of significant components and activity in business realignment initiatives	Liability Balance at September 30, 2014 Business Realignment Expenses Cash Payments Foreign Currency Adjustment Liability Balance at September 30, 2015 (in thousands) Employee severance and benefit costs for fiscal 2014 accrual $ $ ) $ ) $ ) $ Employee severance and benefit costs for fiscal 2015 accrual — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total $ $ $ ) $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Business Disposition (Tables)

Business Disposition (Tables)	12 Months Ended
	Sep. 30, 2015
Business Disposition
Summary of business disposition	As a result of the disposition, during the three months ended September 30, 2015, the Company recorded a loss on the disposition of $8.0 million, determined as follows (in thousands): Carrying value of net assets disposed $ Carrying value of net liabilities disposed ) ​ ​ ​ ​ ​ Buyer issued note ) ​ ​ ​ ​ ​ Loss on sale of assets $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Quarterly Results (Unaudited) (

Quarterly Results (Unaudited) (Tables)	12 Months Ended
	Sep. 30, 2015
Quarterly Results (Unaudited)
Schedule of unaudited quarterly consolidated statement of operations data	Three months ended Dec. 31, 2013 Mar. 31, 2014 June 30, 2014 Sept. 30, 2014 Dec. 31, 2014 Mar. 31, 2015 June 30, 2015 Sept. 30, 2015 (in thousands, except share and per share data) Revenue from operations $ $ $ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before provision for income taxes from operations $ $ $ $ ) $ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) from operations $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings (loss) per common share $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted earnings (loss) per common share $ $ $ $ ) $ ) $ $ $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Diluted weighted average shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Organization (Details)

Organization (Details)	12 Months Ended
	Sep. 30, 2015segmentitem
Organization
Minimum number of product categories offered (in categories) | item	500
Reportable segments (in segments)	1

Organization (Details 2)

Organization (Details 2)	12 Months Ended
	Sep. 30, 2015
Revenue | Geographic Concentration Risk | Outside Of United States
Revenues by geographic area
Concentration risk (as a percent)	7.80%

Summary of Significant Accoun45

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Sep. 30, 2015
Computers and purchased software | Minimum
Property and Equipment
Estimated useful life	1 year
Computers and purchased software | Maximum
Property and Equipment
Estimated useful life	5 years
Office equipment
Property and Equipment
Estimated useful life	3 years
Furniture and fixtures | Minimum
Property and Equipment
Estimated useful life	5 years
Furniture and fixtures | Maximum
Property and Equipment
Estimated useful life	7 years

Summary of Significant Accoun46

Summary of Significant Accounting Policies (Details 2)	12 Months Ended
	Sep. 30, 2015
Minimum
Intangible Assets
Estimated useful life	3 years
Maximum
Intangible Assets
Estimated useful life	10 years

Summary of Significant Accoun47

Summary of Significant Accounting Policies (Details 3)	12 Months Ended
	Sep. 30, 2015
Maximum
Risk Associated with Certain Concentrations
Term for release of funds to the seller	30 days

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Details 4)	Sep. 30, 2015USD ($)
Summary of Significant Accounting Policies
Uncertain tax positions	$ 0

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Details 5) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Advertising Costs
Advertising costs	$ 5,331,000	$ 7,229,000	$ 4,560,000

Summary of Significant Accoun50

Summary of Significant Accounting Policies (Details 6) - Restricted shares - $ / shares	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Earnings per Share
Unvested restricted shares	2,367,187	1,897,827	1,543,869	1,399,609
Issue price (in dollars per share)	$ 16.08	$ 24.96	$ 28.89	$ 22.51
Unvested shares included in calculation of diluted income per share	795,923	341,137	383,831
Minimum
Earnings per Share
Issue price (in dollars per share)	$ 7.48	$ 7.48	$ 7.48
Maximum
Earnings per Share
Issue price (in dollars per share)	$ 52.55	$ 52.55	$ 52.55

Summary of Significant Accoun51

Summary of Significant Accounting Policies (Details 7) - shares	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Employee and director options
Stock options excluded from the calculation of diluted income per share
Stock options excluded from the calculation of diluted income per share (in shares)	1,256,345	836,303	151,291

Summary of Significant Accoun52

Summary of Significant Accounting Policies (Details 8) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Weighted average shares calculation:
Basic weighted average shares outstanding	30,026,223	30,011,121	29,988,324	29,926,273	29,664,259	30,937,394	32,231,011	32,143,064	29,987,985	31,243,932	31,616,926
Treasury stock effect of options and restricted stock (in shares)										151,369	1,040,310
Diluted weighted average common shares outstanding	30,026,223	30,011,121	29,988,324	29,926,273	29,664,259	30,937,394	32,321,482	32,658,070	29,987,985	31,395,301	32,657,236
Net (loss) income	$ (43,695)	$ 1,615	$ 1,381	$ (64,116)	$ (707)	$ 18,373	$ 5,631	$ 7,093	$ (104,815)	$ 30,390	$ 41,104
Basic (loss) earnings per common share (in dollars per share)	$ (1.46)	$ 0.05	$ 0.05	$ (2.14)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ (3.50)	$ 0.97	$ 1.30
Diluted (loss) earnings per common share (in dollars per share)	$ (1.46)	$ 0.05	$ 0.05	$ (2.14)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ (3.50)	$ 0.97	$ 1.26

Significant Contracts (Details)

Significant Contracts (Details)

Nov. 13, 2015

Sep. 30, 2015USD ($)

Jun. 09, 2015

Dec. 03, 2014Option

Apr. 02, 2014Optioncontract

Feb. 28, 2015Option

Jan. 31, 2014Option

Jun. 30, 2012Option

Feb. 29, 2012Option

Sep. 30, 2015USD ($)Optionperiod

Sep. 30, 2014USD ($)

Sep. 30, 2013USD ($)

Significant Contracts

Liability for inventory included in accrued expenses and other current liabilities

$ 27,350,000

$ 27,350,000

$ 44,484,000

Profit-sharing distributions

28,093,000

35,055,000

$ 35,944,000

Profit-sharing distributions accrued

2,512,000

$ 2,512,000

4,740,000

Surplus Contract

Significant Contracts

Number of renewal options | Option

2

Term of renewal options

1 year

Base term of follow-on contract extension

6 months

10 months

Number of renewal options under follow-on contract | Option

3

2

Term of each renewal option under follow-on contract

30 days

1 month

Number of renewal options exercised | Option

2

3

Additional term of renewal options

10 months

Usable surplus property to be purchased as a fixed percentage of DoD's original acquisition value

1.80%

Profits from resale of the property retained (as a percent)

100.00%

Liability for inventory included in accrued expenses and other current liabilities

$ 2,026,000

$ 2,026,000

$ 19,545,000

$ 2

Surplus Contract | Revenue | U.S. Department of Defense

Significant Contracts

Concentration risk (as a percent)

24.70%

26.80%

27.70%

Sale of surplus assets of U.S. Department of Defense

Significant Contracts

Number of surplus contracts on which bidding was held | contract

2

Non-rolling stock surplus contract

Significant Contracts

Number of renewal options | Option

4

Term of renewal options

1 year

Term of contract

2 years

Non-rolling stock surplus contract | Expected

Significant Contracts

Usable surplus property to be purchased as a fixed percentage of DoD's original acquisition value

4.35%

4.35%

Scrap Contract

Significant Contracts

Number of renewal options | Option

3

Term of renewal options

1 year

Number of renewal options exercised | Option

3

Profits distributed to DLA Disposition Services (as a percent)

77.00%

Performance incentive measurement period

12 months

Amount of performance incentive earned

$ 1,123,000

$ 1,326,000

$ 1,265,000

Adjusted percentage of profit sharing distribution

65.00%

Period of notification to termination portion of contract by location

90 days

Period of notification to termination portion of contract by commodity categories

60 days

Profit-sharing distributions

28,093,000

34,935,000

35,944,000

Profit-sharing distributions accrued

$ 2,509,000

$ 2,509,000

$ 4,740,000

$ 4,315,000

Number of consecutive quarterly periods in which performance ratio does not exceed benchmark ratios resulting in contract termination | period

2

Number of preceding months in which performance ratio does not exceed benchmark ratios resulting in contract termination

12 months

Scrap Contract | Maximum

Significant Contracts

Additional profit sharing distribution (as a percent)

2.00%

Scrap Contract | Revenue | U.S. Department of Defense

Significant Contracts

Concentration risk (as a percent)

15.30%

14.40%

13.50%

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Nov. 02, 2012	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Goodwill			$ 64,073	$ 209,656	$ 211,711
NESA
Acquisitions
Upfront cash payment	$ 18,300
Percentage EBITDA growth capped	20.00%
Possible total earn out payment, low end of range	$ 0
Possible total earn out payment, high end of range	37,700
Estimated fair value of earn-out	18,000	$ 0	0
Additional liability accrued (liability reversed)		$ 18,600	$ 18,600
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Cash	3,760
Goodwill	27,009
Property and equipment	234
Accrued liabilities	(204)
Total consideration	$ 36,360
Percentage of expected tax deductible of goodwill	75.00%
NESA | Contract intangibles
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	$ 3,936
NESA | Covenants not to compete
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	1,400
NESA | Other intangible asset
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	$ 225
NESA | Minimum
Acquisitions
Period after the closing date of acquisition during which EBITDA earned is used to calculate the earn-out	P36M
NESA | Maximum
Acquisitions
Period after the closing date of acquisition during which EBITDA earned is used to calculate the earn-out	P48M

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Property and Equipment
Property and equipment, gross	$ 41,666,000	$ 36,889,000
Less: accumulated depreciation and amortization	(28,310,000)	(24,606,000)
Property and equipment, net	13,356,000	12,283,000
Depreciation and amortization	6,130,000	5,623,000	$ 5,696,000
Computers and purchased software
Property and Equipment
Property and equipment, gross	24,565,000	23,185,000
Office/Operational equipment
Property and Equipment
Property and equipment, gross	6,922,000	6,502,000
Furniture and fixtures
Property and Equipment
Property and equipment, gross	1,260,000	1,467,000
Vehicles
Property and Equipment
Property and equipment, gross	1,015,000	1,006,000
Leasehold improvements
Property and Equipment
Property and equipment, gross	5,301,000	$ 4,729,000
Buildings
Property and Equipment
Property and equipment, gross	1,849,000
Land
Property and Equipment
Property and equipment, gross	$ 754,000

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)segment	Dec. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Goodwill
Balance at the beginning of the period		$ 209,656	$ 209,656	$ 211,711
Impairment charge	$ (51,200)	$ (85,100)	(136,248)
Business disposition			(6,733)
Translation adjustments			(2,602)	(2,055)
Balance at the end of the period	64,073		64,073	$ 209,656
Goodwill impairment losses	$ 136,200		$ 136,200
Reporting units tested for impairment (in reporting units) | segment	2

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Intangible Assets
Net Carrying Amount	$ 4,051	$ 17,099
Minimum
Intangible Assets
Estimated useful life	3 years
Maximum
Intangible Assets
Estimated useful life	10 years
Contract intangibles
Intangible Assets
Estimated useful life	10 years
Gross Carrying Amount	$ 1,500	33,300
Accumulated Amortization		(21,796)
Net Carrying Amount	1,500	11,504
Brand and technology
Intangible Assets
Gross Carrying Amount	5,749	5,947
Accumulated Amortization	(3,926)	(2,852)
Net Carrying Amount	$ 1,823	3,095
Brand and technology | Minimum
Intangible Assets
Estimated useful life	3 years
Brand and technology | Maximum
Intangible Assets
Estimated useful life	5 years
Covenants not to compete
Intangible Assets
Gross Carrying Amount	$ 700	4,330
Accumulated Amortization	(433)	(2,245)
Net Carrying Amount	$ 267	2,085
Covenants not to compete | Minimum
Intangible Assets
Estimated useful life	3 years
Covenants not to compete | Maximum
Intangible Assets
Estimated useful life	5 years
Patent and trademarks
Intangible Assets
Gross Carrying Amount	$ 792	672
Accumulated Amortization	(331)	(257)
Net Carrying Amount	$ 461	$ 415
Patent and trademarks | Minimum
Intangible Assets
Estimated useful life	3 years
Patent and trademarks | Maximum
Intangible Assets
Estimated useful life	10 years

Intangible Assets (Details 2)

Intangible Assets (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Future expected amortization of intangible assets
2,016	$ 1,440,000
2,017	1,070,000
2,018	284,000
2,019	203,000
2020 and after	1,054,000
Net Carrying Amount	4,051,000	$ 17,099,000
Amortization expense	$ 3,105,000	$ 10,972,000	$ 11,678,000

Debt (Details)

Debt (Details) - Senior credit facility, as amended $ in Millions	12 Months Ended
	Sep. 30, 2015USD ($)
Debt
Maximum borrowings	$ 75
Interest rate at period end (as a percent)	1.451%
Amount outstanding	$ 0
Available borrowing capacity	$ 37.5
LIBOR
Debt
Interest rate basis	30 day LIBOR rate
Percentage added to reference rate	1.25%
Issued letters of credit
Debt
Amount outstanding	$ 13.9

Commitments (Details)

Commitments (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Commitments
Deferred rent charges included in other long-term liabilities	$ 1,151,000	$ 1,113,000
Future minimum payments under the leases
2,016	9,087,000
2,017	7,086,000
2,018	5,508,000
2,019	3,735,000
2,020	1,578,000
2,021	982,000
Total future minimum lease payments	27,976,000
Rent expense	$ 12,528,000	$ 12,099,000	$ 11,236,000

401(k) Benefit Plan (Details)

401(k) Benefit Plan (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
401(k) Benefit Plan
Amount contributed and recorded expense under the 401(k) Benefit Plan	$ 2,434,000	$ 2,680,000	$ 2,382,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Current tax provision:
U.S. Federal	$ (32,116)	$ 14,328	$ 27,611
State	(1,375)	2,613	5,035
Foreign	203	1,888	1,757
Current income tax expense	(33,288)	18,829	34,403
Deferred tax (benefit) expense:
U.S. Federal	326	(2,886)	(6,012)
State	(4,422)	(526)	(1,096)
Foreign	(2,187)	4,240	256
Total deferred tax (benefit) expense	(6,282)	828	(6,852)
Total provision	$ (39,571)	$ 19,657	$ 27,551

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Deferred tax assets:
Net operating losses-Foreign	$ 8,586,000	$ 6,426,000
Net operating losses-US	11,208,000	1,674,000
Accrued vacation and bonus	4,251,000	2,040,000
Inventory capitalization	2,817,000	7,328,000
Inventory reserves	299,000	105,000
Allowance for doubtful accounts	83,000	291,000
Stock compensation expense	7,135,000	10,259,000
Amortization of intangibles	2,808,000	9,071,000
Pension liability		790,000
Other	530,000	273,000
Total deferred tax assets before valuation allowance	37,717,000	38,257,000
Less: valuation allowance	(8,474,000)	(7,216,000)
Net deferred tax assets	29,243,000	31,041,000
Deferred tax liabilities:
Amortization of goodwill	14,760,000	16,022,000
Depreciation	472,000	754,000
Pension liability	112,000
Total deferred tax liabilities	15,344,000	16,776,000
Net deferred taxes	13,899,000	14,265,000
Prepaid and deferred taxes
Deferred taxes
Net current deferred tax asset	10,059,000	12,321,000
Deferred taxes and other assets
Deferred taxes
Net non-current deferred tax asset	5,871,000	6,160,000
Other liabilities
Deferred taxes
Net non-current deferred tax liability	$ 2,031,000	$ 4,217,000

Income Taxes (Details 3)

Income Taxes (Details 3)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Reconciliation of the U.S. federal statutory rate to the effective rate for continuing operations
U.S. statutory rate (as a percent)	35.00%	35.00%	35.00%
Permanent items (as a percent)	(6.30%)	0.50%	0.60%
State taxes (as a percent)	2.60%	2.70%	3.90%
Net foreign rate differential (as a percent)	(3.00%)	(2.50%)	(0.70%)
Changes in valuation allowance (as a percent)	(0.90%)	3.60%	1.30%
Provision for income taxes (as a percent)	27.40%	39.30%	40.10%

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Net operating loss (NOL) carryforwards
Deferred tax assets related to available foreign NOL carryforwards	$ 8,586,000	$ 6,426,000
Deferred tax asset related to NOL carryforwards	11,208,000	1,674,000
Current U.S. tax loss	112,085,000
U.S. Federal	(32,116,000)	14,328,000	$ 27,611,000
State	(1,375,000)	2,613,000	$ 5,035,000
Undistributed foreign earnings	12,000,000
Cash and cash equivalents held overseas on which taxes would be incurred upon repatriation	23,600,000	$ 9,300,000
Uncertain tax positions
Uncertain tax positions	0
Jacobs Trading, LLC
Net operating loss (NOL) carryforwards
Deferred tax asset related to NOL carryforwards	9,534,000
Foreign
Net operating loss (NOL) carryforwards
NOLs subject to expiration	$ 455,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares	1 Months Ended	12 Months Ended
	Feb. 28, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010	Jan. 09, 2015	Sep. 30, 2009	Dec. 02, 2005
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares available for issuance										10,000,000
Remaining shares reserved for issuance		2,364,472					3,986,513		5,189,996
Increase in shares available for issuance	3,000,000
Number Of Shares Counted For Grants Of Full Value Awards From Reserve								1.5
Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period		1 year
Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period		4 years
Options granted to employees | Performance-based
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period		12 months
Options granted to employees | Performance-based | Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Actual payout as a percent of employee target payout, based upon the entity's actual performance during the previous twelve months		0.00%
Options granted to employees | Performance-based | Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Actual payout as a percent of employee target payout, based upon the entity's actual performance during the previous twelve months		100.00%
Incentive stock options | Holder of at least 10% of common stock | Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Exercise price of stock option as a percentage of the fair market value of the common stock on the date of grant		110.00%
Employee and director options
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted (in shares)		310,177	437,755	171,994	181,783	321,072	624,566
Options granted, exercise prices (in dollars per share)		$ 9.92	$ 22.41	$ 35.76
Options forfeited (in shares)		288,572	181,094	32,244	78,148	73,591	75,467
Employee and director options | Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted, exercise prices (in dollars per share)		$ 9.35	$ 21.53	$ 29.47	$ 31.37	$ 14.30	$ 9.05
Exercise price of stock option as a percentage of the fair market value of the common stock on the date of grant		100.00%
Employee and director options | Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted, exercise prices (in dollars per share)		$ 10.41	$ 31.37	$ 46.72	$ 42.31	$ 17.02	$ 13.96
Term of stock option		10 years
Restricted shares
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Granted (in shares)		1,298,604	1,040,748	997,857	633,647	736,340	699,410
Granted (in dollars per share)		$ 10.04	$ 18.78	$ 36.97
Forfeited (in shares)		486,040	250,586	403,083	138,052	150,112	45,026
Restricted shares | Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Granted (in dollars per share)		$ 9.35	$ 13.11	$ 29.47	$ 31.37	$ 12.88	$ 9.05
Restricted shares | Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Granted (in dollars per share)		$ 12.57	$ 38.09	$ 42.47	$ 52.55	$ 25.52	$ 13.96
Restricted shares | Performance-based | Non-employee
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Granted (in shares)				335,000	100,000
Forfeited (in shares)				281,500
Options or stock appreciation rights | Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Number of shares awarded per person per year		1,000,000
Other than options or stock appreciation rights | Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Number of shares awarded per person per year		700,000
Cash-settled stock appreciation rights
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Granted (in shares)		737,972
Granted (in dollars per share)		$ 9.35
Forfeited (in shares)		59,156

Stockholders' Equity (Details 2

Stockholders' Equity (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2009	Sep. 30, 2015	Feb. 05, 2014	Dec. 12, 2013	Sep. 30, 2013	May. 17, 2012	May. 31, 2011	Nov. 30, 2010	Feb. 02, 2010	Dec. 02, 2008
Stockholders' Equity
Share repurchase program approved amount						$ 101,900,000								$ 10,000,000
Total Number of Shares Purchased	2,962,978	505,067	229,575	1,225,019	707,462
Average Price Paid per Share (in dollars per share)	$ 15.90	$ 59.41	$ 15.39	$ 11.53	$ 5.50
Total Cash Paid for Shares Purchased	$ 44,873,000	$ 30,000,000	$ 3,541,000	$ 14,471,000	$ 3,874,000
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	$ 5,127,000	$ 18,114,000	$ 18,114,000	$ 1,655,000	$ 6,126,000	$ 5,127,000			$ 31,000,000
Additional amount authorized under share repurchase program							$ 19,000,000	$ 12,900,000		$ 30,000,000	$ 10,000,000	$ 10,000,000	$ 10,000,000

Stockholders' Equity (Details 3

Stockholders' Equity (Details 3) - Employee and director options - $ / shares	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Stock option activity
Options outstanding at the beginning of the period (in shares)	1,465,907	1,592,406	1,675,795
Options granted (in shares)	310,177	437,755	171,994	181,783	321,072	624,566
Options exercised (in shares)	(14,869)	(383,160)	(223,139)
Options cancelled (in shares)	(288,572)	(181,094)	(32,244)	(78,148)	(73,591)	(75,467)
Options outstanding at the end of the period (in shares)	1,472,643	1,465,907	1,592,406	1,675,795
Options exercisable at the end of the period (in shares)	946,434
Weighted-Average Exercise Price
Options outstanding at the beginning of the period (in dollars per share)	$ 19.50	$ 16.46	$ 13.84
Options granted (in dollars per share)	9.92	22.41	35.76
Options exercised (in dollars per share)	7.09	10.83	11.35
Options cancelled (in dollars per share)	20.26	18.14	18.67
Options outstanding at the end of the period (in dollars per share)	17.46	$ 19.50	$ 16.46	$ 13.84
Options exercisable at the end of the period (in dollars per share)	$ 18.23

Stockholders' Equity (Details 4

Stockholders' Equity (Details 4)	12 Months Ended
	Sep. 30, 2015$ / sharesshares
$5.53 - $7.48
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	$ 5.53
Exercise price, high end of range (in dollars per share)	$ 7.48
Options Outstanding
Number Outstanding (in shares) | shares	66,280
Weighted-Average Remaining Contractual Life	3 years 3 months 4 days
Weighted-Average Exercise Price (in dollars per share)	$ 7.44
$8.40 - $46.72
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	8.40
Exercise price, high end of range (in dollars per share)	$ 46.72
Options Outstanding
Number Outstanding (in shares) | shares	1,406,363
Weighted-Average Remaining Contractual Life	6 years 1 month 28 days
Weighted-Average Exercise Price (in dollars per share)	$ 17.93
$5.53 - $46.72
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	5.53
Exercise price, high end of range (in dollars per share)	$ 46.72
Options Exercisable
Number Exercisable (in shares) | shares	946,434
Weighted-Average Remaining Contractual Life	4 years 2 months 23 days
Weighted-Average Exercise Price (in dollars per share)	$ 18.23

Stockholders' Equity (Details 5

Stockholders' Equity (Details 5) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Intrinsic value and weighted average remaining contractual life in years of outstanding and exercisable options
Stock price (in dollars per share)	$ 7.39
Employee and director options
Fair value assumptions
Expected volatility (as a percent)		50.90%
Expected volatility, minimum (as a percent)	71.90%		51.80%
Expected volatility, maximum (as a percent)	77.90%		60.60%
Risk free interest rate, minimum (as a percent)	0.26%	0.10%	0.10%
Risk free interest rate, maximum (as a percent)	1.40%	1.20%	1.00%
Expected forfeiture rate (as a percent)		22.80%
Intrinsic value and weighted average remaining contractual life in years of outstanding and exercisable options
Intrinsic value of outstanding shares	$ 2,000
Intrinsic value of exercisable options	$ 2,000
Weighted average grant date fair value of options granted (in dollars per share)	$ 4.89	$ 7.89	$ 12.98
Intrinsic value of options exercised	$ 4,000	$ 1,119,000	$ 4,943,000
Employee and director options | Minimum
Fair value assumptions
Expected forfeiture rate (as a percent)	22.20%		19.70%
Employee and director options | Maximum
Fair value assumptions
Expected forfeiture rate (as a percent)	22.80%

Stockholders' Equity (Details 6

Stockholders' Equity (Details 6) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Weighted-Average Fair Value
Stock-based compensation	$ 12,405,000	$ 12,605,000	$ 13,379,000
Unvested awards
Costs related to unvested awards, not yet recognized	$ 28,666,000
Weighted average vesting period for recognition of cost related to unvested awards	20 months 9 days
Restricted shares
Restricted share activity
Unvested restricted shares at the beginning of the period	1,897,827	1,543,869	1,399,609
Restricted shares granted	1,298,604	1,040,748	997,857	633,647	736,340	699,410
Restricted shares vested	(343,204)	(436,204)	(450,514)
Restricted shares cancelled	(486,040)	(250,586)	(403,083)	(138,052)	(150,112)	(45,026)
Unvested restricted shares at the end of the period	2,367,187	1,897,827	1,543,869	1,399,609
Weighted-Average Fair Value
Unvested restricted shares at the beginning of the period (in dollars per share)	$ 24.96	$ 28.89	$ 22.51
Granted (in dollars per share)	10.04	18.78	36.97
Restricted shares vested (in dollars per share)	27.50	24.72	21.18
Restricted shares cancelled (in dollars per share)	26.54	23.87	35.39
Unvested restricted shares at the end of the period (in dollars per share)	$ 16.08	$ 24.96	$ 28.89	$ 22.51

Fair Value Measurement (Details

Fair Value Measurement (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Nov. 02, 2012
NESA
Fair value measurement
Estimated fair value of earn-out	$ 0	$ 0			$ 18,000,000
Additional liability accrued (liability reversed)	$ 18,600,000	18,600,000
Recurring basis | Level 1
Fair value measurement
Assets, fair value		0	$ 0
Liabilities, fair value		0	0
Recurring basis | Level 2
Fair value measurement
Assets, fair value		0	0
Liabilities, fair value		$ 0	$ 0
Recurring basis | Level 3 | NESA
Fair value measurement
Estimated fair value of earn-out				$ 18,390,000

Fair Value Measurement (Detai73

Fair Value Measurement (Details 2) - Contingent consideration - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Balance at the beginning of the period		$ 18,390
Change in fair value of contingent consideration		$ (18,390)
Level 3 | Income approach | Minimum
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Discount rate (as a percent)	2.00%
Level 3 | Income approach | Maximum
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Discount rate (as a percent)	6.00%

Defined Benefit Pension Plan (D

Defined Benefit Pension Plan (Details)	12 Months Ended
	Sep. 30, 2015USD ($)item	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
Information about plan assets
Target allocation (as a percent)	100.00%
Actual (as a percent)	100.00%
Equity securities
Information about plan assets
Target allocation (as a percent)	50.00%
Actual (as a percent)	39.50%
Number of pooled funds | item	1
Percentage of UK company shares	70.00%
Percentage of international equity securities	30.00%
Fixed-income securities
Information about plan assets
Target allocation (as a percent)	50.00%
Actual (as a percent)	59.00%
Number of pooled funds | item	1
Cash equivalents
Information about plan assets
Target allocation (as a percent)	0.00%
Actual (as a percent)	1.50%
Defined benefit pension plan.
Net periodic benefit cost recognized
Interest cost	$ 964,000	$ 1,125,000	$ 1,055,000
Expected return on plan assets	(1,186,000)	(1,324,000)	(1,055,000)
Total net periodic benefit cost	(222,000)	(199,000)	0
Change in benefit obligation
Beginning balance	27,527,000	25,558,000
Interest cost	964,000	1,125,000	1,055,000
Benefits paid	(1,674,000)	(1,104,000)
Actuarial (gain)/loss	(905,000)	1,924,000
Foreign currency exchange rate changes	(1,843,000)	24,000
Ending balance	24,069,000	27,527,000	25,558,000
Change in plan assets
Beginning balance at fair value	24,946,000	22,006,000
Actual return on plan assets	1,382,000	2,321,000
Benefits paid	(1,674,000)	(1,104,000)
Employer's contributions	1,613,000	1,727,000
Foreign currency exchange rate changes	(1,730,000)	(4,000)
Ending balance at fair value	24,537,000	24,946,000	22,006,000
Overfunded (underfunded) status of the plan	468,000	(2,581,000)
Amount recorded in the consolidated balance sheet
Accrued pension asset recorded in Accrued expenses and other current liabilities and Deferred taxes and other long-term assets			500,000
Accumulated benefit obligation	24,069,000	27,527,000
Accumulated OCI
Accumulated OCI at beginning of year	(220,000)	(1,147,000)
New actuarial (gains)/losses	(1,101,000)	927,000
Accumulated OCI at end of year	(1,321,000)	$ (220,000)	$ (1,147,000)
Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost
Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during next fiscal year	0
Expected pension plan contributions over the next 10 years
2,016	1,578,000
2,017	1,578,000
2,018	1,578,000
2,019	394,000
Total	$ 5,128,000
Actuarial assumptions used to determine the benefit obligations and the net periodic benefit cost
Discount rate, net periodic benefit cost (as a percent)	3.70%	3.80%
Expected return on plan assets, net periodic benefit cost (as a percent)	4.60%	5.00%
Increases to non-GMP pensions in payment accrued pre 4/6/97 (as a percent)	0.00%	0.00%
Increases to non-GMP pensions in payment accrued post 4/6/97 (as a percent)	1.90%	2.30%
Rate of increases to deferred CPI linked benefits (as a percent)	1.90%	2.30%
Rate of increases to deferred RPI linked benefits (as a percent)	3.00%	3.30%
Mortality (as a percent)	90.00%
Long-term rate of improvement (as a percent)	1.00%
Expected benefit payments over the next 10 years
2,016	$ 649,000
2,017	1,013,000
2,018	768,000
2,019	774,000
2,020	822,000
2021 through 2025	4,201,000
Total	$ 8,227,000

Defined Benefit Pension Plan 75

Defined Benefit Pension Plan (Details 2) $ in Thousands	Sep. 30, 2015USD ($)
Level 1
Defined benefit pension plan
Fair values	$ 368
Level 2
Defined benefit pension plan
Fair values	24,169
Total
Defined benefit pension plan
Fair values	24,537
Equity securities | Level 2
Defined benefit pension plan
Fair values	9,692
Equity securities | Total
Defined benefit pension plan
Fair values	9,692
Fixed-income securities | Level 2
Defined benefit pension plan
Fair values	14,477
Fixed-income securities | Total
Defined benefit pension plan
Fair values	14,477
Cash equivalents | Level 1
Defined benefit pension plan
Fair values	368
Cash equivalents | Total
Defined benefit pension plan
Fair values	$ 368

Guarantees (Details)

Guarantees (Details) £ in Millions	Sep. 30, 2015GBP (£)
Guarantees
Guarantee Obligation Value, maximum	£ 10

Business Realignment Expense (D

Business Realignment Expense (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Business realignment expenses rollforward
Employee severance and benefit costs			$ 1,800
Net increase	$ 300
Business Realignment
Business realignment expenses rollforward
Liability Balance, beginning		$ 1,780
Business Realignment Expenses		273
Cash Payments		(1,161)
Foreign Currency Adjustment		(47)
Liability Balance, ending	845	845	1,780
Business Realignment | Employee severance for fiscal year 2014
Business realignment expenses rollforward
Liability Balance, beginning		1,780
Business Realignment Expenses		(216)
Cash Payments		(1,161)
Foreign Currency Adjustment		(47)
Liability Balance, ending	356	356	$ 1,780
Business Realignment | Employee severance for fiscal year 2015
Business realignment expenses rollforward
Business Realignment Expenses		489
Liability Balance, ending	$ 489	$ 489

Termination of Wal Mart Agreeme

Termination of Wal Mart Agreement (Details) $ in Millions	Jan. 22, 2015USD ($)
Wal-Mart
Settlement agreement	$ 7.5

Business Disposition (Details)

Business Disposition (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015USD ($)
Business Disposition
Loss on sale of assets		$ (7,963)
Jacobs Trading business | Disposed of by sale
Business Disposition
Promissory note term	5 years
Carrying value of net assets disposed	$ 22,920	22,920
Carrying value of net liabilities disposed	(2,707)	(2,707)
Carrying value of net assets and liabilities disposed	20,213	20,213
Buyer issued note	$ (12,250)	(12,250)
Loss on sale of assets		$ 7,963

Quarterly Results (Unaudited)80

Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Unaudited quarterly consolidated statement of operations
Revenue from operations	$ 79,293	$ 89,746	$ 102,943	$ 125,143	$ 118,419	$ 126,965	$ 128,329	$ 121,948	$ 397,125	$ 495,661	$ 505,856
Income (loss) before provision for income taxes from operations	(63,024)	(6)	3,811	(84,996)	523	28,588	9,463	11,843	(144,386)	50,047	68,655
Net income (loss) from operations	$ (43,695)	$ 1,615	$ 1,381	$ (64,116)	$ (707)	$ 18,373	$ 5,631	$ 7,093	$ (104,815)	$ 30,390	$ 41,104
Unaudited quarterly consolidated statement of operations
Basic earnings (loss) per common share (in dollars per share)	$ (1.46)	$ 0.05	$ 0.05	$ (2.14)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ (3.50)	$ 0.97	$ 1.30
Diluted earnings (loss) per common share (in dollars per share)	$ (1.46)	$ 0.05	$ 0.05	$ (2.14)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ (3.50)	$ 0.97	$ 1.26
Basic weighted average shares outstanding (in shares)	30,026,223	30,011,121	29,988,324	29,926,273	29,664,259	30,937,394	32,231,011	32,143,064	29,987,985	31,243,932	31,616,926
Diluted weighted average shares outstanding (in shares)	30,026,223	30,011,121	29,988,324	29,926,273	29,664,259	30,937,394	32,321,482	32,658,070	29,987,985	31,395,301	32,657,236

SCHEDULE II - VALUATION AND Q81

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Deferred tax valuation allowance (deducted from net deferred tax assets)
Activity in valuation and qualifying accounts
Balance at beginning of period	$ 7,216	$ 5,424	$ 4,558
Charged (credited) to expense	1,258	1,792	866
Balance at end of period	8,474	7,216	5,424
Allowance for doubtful accounts (deducted from accounts receivable)
Activity in valuation and qualifying accounts
Balance at beginning of period	1,042	891	1,248
Charged (credited) to expense	1,243	240	337
Reductions	1,814	89	694
Balance at end of period	471	1,042	891
Inventory allowance (deducted from inventory)
Activity in valuation and qualifying accounts
Balance at beginning of period	1,723	1,452	2,574
Charged (credited) to expense	(575)	271	147
Reductions	378		1,269
Balance at end of period	$ 770	$ 1,723	$ 1,452