CSP (CSPI) 10-Q 14 Aug 18 2018 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2018	Aug. 08, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	CSP INC /MA/
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		4,017,254
Amendment Flag	false
Entity Central Index Key	356,037
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Current assets:
Cash and cash equivalents	$ 10,415	$ 10,421
Accounts receivable, net of allowances of $123 and $120	13,059	17,673
Unbilled accounts receivable	1,404	703
Inventories	9,216	5,567
Deferred costs	32	19
Refundable income taxes	688	0
Other current assets	1,894	1,076
Current assets held-for-sale	16,263	14,867
Total current assets	52,971	50,326
Property, equipment and improvements, net	868	919
Other assets:
Intangibles, net	78	167
Deferred income taxes	1,368	1,963
Cash surrender value of life insurance	3,608	3,300
Other assets	65	65
Noncurrent assets held-for-sale	0	2,188
Total other assets	5,119	7,683
Total assets	58,958	58,928
Current liabilities:
Accounts payable and accrued expenses	15,130	14,895
Deferred revenue	1,763	938
Pension and retirement plans	322	325
Income taxes payable	58	138
Disposal Group, Including Discontinued Operation, Liabilities, Current	16,516	9,727
Total current liabilities	33,789	26,023
Pension and retirement plans	6,505	6,653
Income taxes payable	561	0
Other noncurrent liabilities	37	29
Noncurrent liabilities held-for-sale	0	5,222
Total liabilities	40,892	37,927
Commitments and contingencies
Shareholders’ equity:
Common stock, $.01 par value per share; authorized, 7,500 shares; issued and outstanding 4,006 and 3,935 shares, respectively	41	40
Additional paid-in capital	14,306	13,717
Retained earnings	14,297	17,407
Accumulated other comprehensive loss	(10,578)	(10,163)
Total shareholders’ equity	18,066	21,001
Total liabilities and shareholders’ equity	$ 58,958	$ 58,928

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Statement of Financial Position [Abstract]
Allowances (in Dollars)	$ 123	$ 120
Common stock par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	7,500	7,500
Common stock, shares issued	4,006	3,935
Common stock, shares outstanding	4,006	3,935

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Sales:
Product	$ 16,080	$ 23,084	$ 43,798	$ 52,007
Services	3,964	3,345	9,480	8,127
Total sales	20,044	26,429	53,278	60,134
Cost of sales:
Product	13,527	19,615	36,473	44,044
Services	1,306	664	3,247	1,729
Total cost of sales	14,833	20,279	39,720	45,773
Gross profit	5,211	6,150	13,558	14,361
Operating expenses:
Engineering and development	895	578	2,352	1,747
Selling, general and administrative	4,094	4,230	11,682	10,910
Total operating expenses	4,989	4,808	14,034	12,657
Operating income (loss)	222	1,342	(476)	1,704
Other income (expense):
Foreign exchange gain (loss)	420	(25)	308	27
Other income (expense), net	38	8	105	30
Total other income (expense)	458	(17)	413	57
Income (loss) before income taxes	680	1,325	(63)	1,761
Income tax expense	249	393	1,225	539
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	431	932	(1,288)	1,222
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(428)	(237)	(503)	(141)
Net income (loss) from continuing operations	3	695	(1,791)	1,081
Net income (loss) attributable to common stockholders	$ 3	$ 664	$ (1,791)	$ 1,035
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.11	$ 0.24	$ (0.34)	$ 0.32
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	$ (0.11)	$ (0.06)	$ (0.13)	$ (0.04)
Weighted average shares outstanding – basic (in Shares)	3,842	3,744	3,811	3,713
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.11	$ 0.24	$ (0.34)	$ 0.31
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	$ (0.11)	$ (0.06)	$ (0.13)	$ (0.04)
Weighted average shares outstanding – diluted (in Shares)	3,930	3,819	3,811	3,811

Unaudited Consolidated Stateme5

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 3	$ 695	$ (1,791)	$ 1,081
Other comprehensive income (loss):
Foreign currency translation loss adjustments	(325)	(79)	(415)	(17)
Other comprehensive loss	(325)	(79)	(415)	(17)
Total comprehensive income (loss)	$ (322)	$ 616	$ (2,206)	$ 1,064

Unaudited Consolidated Stateme6

Unaudited Consolidated Statement of Shareholders' Equity - 9 months ended Jun. 30, 2018 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Sep. 30, 2017	$ 21,001	$ 40	$ 13,717	$ 17,407	$ (10,163)
Balance (in Shares) at Sep. 30, 2017	3,935	3,935
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (1,791)			(1,791)
Other comprehensive loss	(415)
Exercise of Stock Options	22		22
Exercise of Stock Options (in shares)		5
Stock-based compensation	489		489
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		(13)
Restricted stock issuance	1	$ 1
Restricted stock issuance (in Shares)		71
Stock Issued During Period, Value, Employee Stock Purchase Plan	78		78
Stock Issued During Period, Shares, Employee Stock Purchase Plans		8
Dividends, Cash	1,319			1,319
Balance at Jun. 30, 2018	$ 18,066	$ 41	$ 14,306	$ 14,297	$ (10,578)
Balance (in Shares) at Jun. 30, 2018	4,006	4,006

Unaudited Consolidated Stateme7

Unaudited Consolidated Statement of Shareholders' Equity (Parentheticals)	9 Months Ended
	Jun. 30, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends per share	$ 0.33

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Disposal Group, Including Discontinued Operation, Cash	$ 2,535	$ 5,527
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	(1,288)	1,222
Cash and cash equivalents	12,950	16,001
Cash flows provided by operating activities:
Net income (loss)	(1,791)	1,081
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(503)	(141)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	309	271
Amortization of intangibles	89	90
Loss on sale of fixed assets, net	(4)	(1)
Foreign exchange gain	(308)	(27)
Non-cash changes in accounts receivable	3	9
Non-cash changes in inventories	381	165
Stock-based compensation expense on stock options and restricted stock awards	489	411
Deferred income taxes	596	(136)
Increase in cash surrender value of life insurance	(158)	(99)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	3,913	(798)
Payments for (Proceeds from) Life Insurance Policies	0	413
Increase in inventories	(4,050)	(3,084)
Increase (Decrease) in Deferred Charges	(14)	(84)
Increase in refundable income taxes	(725)	(18)
Increase in other current assets	(783)	(155)
Increase in accounts payable and accrued expenses	195	6,335
(Increase) decrease in deferred revenue	828	(28)
Decrease in pension and retirement plans liabilities	(80)	(70)
Increase in income taxes payable	481	276
Increase (decrease) in other long term liabilities	7	(193)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(111)	4,501
Net cash provided by (used in) operating activities of continuing operations	1,015	4,381
Cash Provided by (Used in) Operating Activities, Discontinued Operations	1,126	(120)
Cash flows used in investing activities:
Life insurance premiums paid	(150)	(150)
Purchases of property, equipment and improvements	(262)	(169)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(412)	(319)
Net cash used in investing activities of continuing operations	(566)	(423)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(154)	(104)
Cash flows used in financing activities:
Dividends paid	(1,319)	(1,289)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	100	106
Net cash used in financing activities	(1,219)	(1,183)
Effects of exchange rate on cash	(165)	123
Net increase (decrease) in cash and cash equivalents	(935)	2,898
Cash and cash equivalents, beginning of period	10,421	7,537
Cash and cash equivalents, end of period	10,415	10,474
Supplementary cash flow information:
Cash paid for income taxes	878	469
Cash paid for interest	$ 72	$ 75

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared by the Company, without audit, and reflect all adjustments which, in the opinion of management, are necessary for a fair statement of the results of the interim periods presented. All adjustments were of a normal recurring nature. Certain information and footnote disclosures normally included in the annual consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States, have been omitted. Accordingly, the Company believes that although the disclosures are adequate to make the information presented not misleading, the unaudited consolidated financial statements should be read in conjunction with the footnotes contained in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2017 . During the third quarter ended June 30, 2018, CSPi's Board of Directors approved the sale of the Germany subsidiary of its TS segment. Accordingly, the Company's Germany division of the TS segment met the criteria for "Assets Held-for-Sale" in accordance with Accounting Standard Codification Topic 360 ("ASC 360") as of June 30, 2018. The Germany assets and liabilities are reflected as "held-for-sale" on the consolidated balance sheets in accordance with ASC 360, at June 30, 2018 and September 30, 2017. In addition, the results of operations for the Germany business have been presented as discontinued operations in accordance with ASC 205-20, Results of Operations-Discontinued Operations for all periods presented. The Company closed on the sale of the German subsidiary of its TS segment on July 31, 2018. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 12 for additional information on discontinued operations.

Use of Estimates

Use of Estimates	9 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period, including estimates and assumptions related to reserves for bad debt, reserves for inventory obsolescence, the impairment assessment of intangible assets, the calculation of estimated selling price and post-delivery support obligations used for revenue recognition, the calculation of liabilities related to deferred compensation and retirement plans and the calculation of income tax liabilities. Actual results may differ from those estimates under different assumptions or conditions.

Earnings Per Share of Common St

Earnings Per Share of Common Stock	9 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share of Common Stock	Earnings Per Share of Common Stock Basic net income (loss) per common share is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income (loss) per common share reflects the maximum dilution that would have resulted from the assumed exercise and share repurchase related to dilutive stock options and is computed by dividing net income (loss) by the assumed weighted average number of common shares outstanding. We are required to present earnings per share, or EPS, utilizing the two class method because we had outstanding, non-vested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, which are considered participating securities. Basic and diluted earnings per share computations for the Company’s reported net income (loss) attributable to common stockholders are as follows: For the three months ended For the nine months ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 (Amounts in thousands except per share data) Income (loss) from continuing operations $ 431 $ 932 $ (1,288 ) $ 1,222 Loss from discontinued operations (428 ) (237 ) (503 ) (141 ) Net income (loss) 3 695 (1,791 ) 1,081 Less: net income attributable to nonvested common stock — 31 — 46 Net income (loss) attributable to common stockholders $ 3 $ 664 $ (1,791 ) $ 1,035 Weighted average total shares outstanding – basic 4,006 3,921 3,811 3,876 Less: weighted average non-vested shares outstanding 164 177 — 163 Weighted average number of common shares outstanding – basic 3,842 3,744 3,811 3,713 Potential common shares from non-vested stock awards and the assumed exercise of stock options 88 75 — 98 Weighted average common shares outstanding – diluted 3,930 3,819 3,811 3,811 Net income (loss) from continuing operations per share – basic $ 0.11 $ 0.24 $ (0.34 ) $ 0.32 Net loss from discontinued operations per share – basic $ (0.11 ) $ (0.06 ) $ (0.13 ) $ (0.04 ) Net income (loss) from continuing operations per share – diluted $ 0.11 $ 0.24 $ (0.34 ) $ 0.31 Net loss from discontinued operations per share – diluted $ (0.11 ) $ (0.06 ) $ (0.13 ) $ (0.04 ) Non-vested restricted stock awards of 168,000 shares were excluded from the diluted loss per share calculation for the nine months ended June 30, 2018, as there was a net loss and their inclusion would have been anti-dilutive.

Inventories

Inventories	9 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: June 30, 2018 September 30, 2017 (Amounts in thousands) Raw materials $ 953 $ 1,334 Work-in-process 375 260 Finished goods 7,888 3,973 Total $ 9,216 $ 5,567 Finished goods includes inventory that has been shipped, but for which all revenue recognition criteria has not been met, of approximately $0.4 million and $0.4 million as of June 30, 2018 and September 30, 2017 , respectively. Total inventory balances in the table above are shown net of reserves for obsolescence of approximately $3.2 million and $2.9 million as of June 30, 2018 and September 30, 2017 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss are as follows: June 30, 2018 September 30, 2017 (Amounts in thousands) Cumulative effect of foreign currency translation $ (3,629 ) $ (3,214 ) Cumulative unrealized loss on pension liability (6,949 ) (6,949 ) Accumulated other comprehensive loss $ (10,578 ) $ (10,163 )

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense for continuing operations was $249 thousand and $1.2 million for the three and nine months ended June 30, 2018, respectively, compared to income tax expense of $393 thousand and $539 thousand in the same periods of 2017. For the three and nine months ended June 30, 2018, changes in the effective tax rate from the prior period include lower level of earnings and the reduction in the U.S. tax rate from 35% to 24%. The U.S. tax rate will be 21% for periods after fiscal year 2018. On December 22, 2017, the United States enacted tax reform legislation commonly known as the Tax Cuts and Jobs Act (the “Tax Act”), resulting in significant modifications to existing law. The Company follows the guidance in SEC Staff Accounting Bulletin 118 (“SAB 118”), which provides additional clarification regarding the application of ASC Topic 740 in situations where the Company does not have the necessary information available, prepared, or analyzed in reasonable detail to complete the accounting for certain income tax effects of the Tax Act for the reporting period in which the Tax Act was enacted. SAB 118 provides for a measurement period beginning in the reporting period that includes the Tax Act’s enactment date and ending when the Company has obtained, prepared, and analyzed the information needed in order to complete the accounting requirements, but in no circumstances should the measurement period extend beyond one year from the enactment date. The provisions above are estimates, and accordingly, changes to these estimates will be recorded in subsequent periods as more information and guidance becomes available.

Pension and Retirement Plans

Pension and Retirement Plans	9 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Pension and Retirement Plans	Pension and Retirement Plans The Company's continuing operations has defined benefit and defined contribution plans in the United Kingdom and in the U.S. The Company's discontinued operations has a defined benefit and defined contribution plan in Germany. As indicated in Note 1, during the third quarter ended June 30, 2018, CSPi's Board of Directors approved the sale of the Germany subsidiary of its TS segment. In the United Kingdom, the Company provides defined benefit pension plans and defined contribution plans for some of its employees. In the U.S., the Company provides benefits through supplemental retirement plans to certain former employees. The U.S. supplemental retirement plans have life insurance policies which are not plan assets but were purchased by the Company as a vehicle to fund the costs of the plan. The Company also provides for officer death benefits through post-retirement plans to certain officers of the Company in the U.S. All of the Company’s defined benefit plans are closed to newly hired employees and have been since September 2009. The Company funds its pension plans in amounts sufficient to meet the requirements set forth in applicable employee benefits laws and local tax laws. Liabilities for amounts in excess of these funding levels are accrued and reported in the consolidated balance sheets. The Company's pension plan in the United Kingdom is the only plan with plan assets. The plan assets consist of an investment in a commingled fund which in turn comprises a diversified mix of assets including corporate equity securities, government securities and corporate debt securities. The components of net periodic benefit costs related to the U.S. and international plans are as follows: For the Three Months Ended June 30, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 93 $ 7 $ 100 $ 81 $ 11 $ 92 Expected return on plan assets (77 ) — (77 ) (68 ) — (68 ) Amortization of: Amortization of net gain (loss) 45 (1 ) 44 52 (1 ) 51 Net periodic benefit cost from continuing operations 61 6 67 65 10 75 Net periodic benefit cost from discontinued operations 52 — 52 68 — 68 Net periodic benefit cost $ 113 $ 6 $ 119 $ 133 $ 10 $ 143 Post Retirement: Service cost $ — $ 10 $ 10 $ — $ 10 $ 10 Interest cost — 12 12 — 10 10 Amortization of net gain (loss) — (4 ) (4 ) — 4 4 Net periodic cost $ — $ 18 $ 18 $ — $ 24 $ 24 For the Nine Months Ended June 30, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 280 $ 20 $ 300 $ 237 $ 32 $ 269 Expected return on plan assets (231 ) — (231 ) (198 ) — (198 ) Amortization of: Amortization of net gain (loss) 133 (1 ) 132 153 (3 ) 150 Net periodic benefit cost from continuing operations 182 19 201 192 29 221 Net periodic benefit cost from discontinued operations 158 — 158 200 — 200 Net periodic benefit cost $ 340 $ 19 $ 359 $ 392 $ 29 $ 421 Post Retirement: Service cost $ — $ 32 $ 32 $ — $ 29 $ 29 Interest cost — 35 35 — 33 33 Amortization of net gain (loss) — (14 ) (14 ) — 11 11 Net periodic cost $ — $ 53 $ 53 $ — $ 73 $ 73 The fair value of the assets held by the U.K. pension plan by asset category are as follows: Fair Values as of June 30, 2018 September 30, 2017 Fair Value Measurements Using Inputs Considered as Fair Value Measurements Using Inputs Considered as Asset Category Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (Amounts in thousands) Cash on deposit $ 46 $ 46 $ — $ — $ 62 $ 62 $ — $ — Pooled funds 8,257 8,257 — — 8,177 8,177 — — Total plan assets $ 8,303 $ 8,303 $ — $ — $ 8,239 $ 8,239 $ — $ —

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The following tables present certain operating segment information for the three and nine months ended June 30, 2018 and June 30, 2017 . Technology Solutions Segment For the three months ended June 30, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,665 $ 1,978 $ 12,437 $ 14,415 $ 16,080 Service 1,422 232 2,310 2,542 3,964 Total sales 3,087 2,210 14,747 16,957 20,044 Income (loss) from operations (43 ) 14 251 265 222 Assets from continuing operations 15,018 4,769 22,908 27,677 42,695 Assets held-for-sale — — — — 16,263 Total assets 15,018 4,769 22,908 27,677 58,958 Capital expenditures 34 — 52 52 86 Depreciation and amortization 75 1 71 72 147 2017 Sales: Product $ 1,635 $ 1,748 $ 19,701 $ 21,449 $ 23,084 Service 1,680 252 1,413 1,665 3,345 Total sales 3,315 2,000 21,114 23,114 26,429 Income from operations 388 58 896 954 1,342 Assets from continuing operations 17,277 2,078 22,243 24,321 41,598 Assets held-for-sale — — — — 16,509 Total assets 17,277 2,078 22,243 24,321 58,107 Capital expenditures 32 — 46 46 78 Depreciation and amortization 58 2 63 65 123 Technology Solutions Segment For the nine months ended June 30, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 4,752 $ 5,276 $ 33,770 $ 39,046 $ 43,798 Service 2,600 512 6,368 6,880 9,480 Total sales 7,352 5,788 40,138 45,926 53,278 Income (loss) from operations (1,482 ) (77 ) 1,083 1,006 (476 ) Assets from continuing operations 15,018 4,769 22,908 27,677 42,695 Assets held-for-sale — — — — 16,263 Total assets 15,018 4,769 22,908 27,677 58,958 Capital expenditures 80 — 182 182 262 Depreciation and amortization 188 3 207 210 398 2017 Sales: Product $ 5,155 $ 4,611 $ 42,241 $ 46,852 $ 52,007 Service 4,331 565 3,231 3,796 8,127 Total sales 9,486 5,176 45,472 50,648 60,134 Income (loss) from operations 802 (183 ) 1,085 902 1,704 Assets from continuing operations 17,277 2,078 22,243 24,321 41,598 Assets held-for-sale — — — — 16,509 Total assets 17,277 2,078 22,243 24,321 58,107 Capital expenditures 90 — 79 79 169 Depreciation and amortization 168 7 186 193 361 Income (loss) from operations consists of sales less cost of sales, engineering and development expenses, and selling, general and administrative expenses but is not affected by either other income/expense or by income taxes expense/benefit. Non-operating charges/income consists principally of investment income and interest expense. All intercompany transactions have been eliminated. The following table lists customers from which the Company derived revenues in excess of 10% of total revenues from continuing operations for the three and nine months ended June 30, 2018 , and 2017 . For the three months ended June 30, For the nine months ended June 30, 2018 2017 2018 2017 Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues (Dollar amounts in millions) Customer A $ 1.6 8 % $ 8.2 31 % $ 5.5 10 % $ 14.8 25 % Customer B $ 1.0 5 % $ 3.0 11 % $ 2.2 4 % $ 4.5 7 % In addition, accounts receivable from Customer A totaled approximately $1.5 million , or 11% , and approximately $2.4 million , or 14% , of total consolidated accounts receivable as of June 30, 2018 and September 30, 2017, respectively. Accounts receivable from Customer B was less than 10% as of June 30, 2018 and September 30, 2017. One additional customer, Customer C, accounted for accounts receivable of 10% or more as of June 30, 2018, but did not account for revenue of 10% or more for the three and nine months ended June 30, 2018 and June 30, 2017. Accounts receivable from Customer C totaled approximately $1.6 million , or 13% , of consolidated accounts receivable as of June 30, 2018. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of June 30, 2018 . No other customers accounted for 10% or more of total consolidated accounts receivable as of June 30, 2018 .

Dividend

Dividend	9 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Dividend	Dividends On December 19, 2017, the Company's board of directors declared a cash dividend of $0.11 per share which was paid on January 16, 2018 to shareholders of record as of December 29, 2017, the record date. On February 12, 2018, the Company's board of directors declared a cash dividend of $0.11 per share which was paid on March 16, 2018 to shareholders of record as of February 28, 2018, the record date. On May 9, 2018, the Company's board of directors declared a cash dividend of $0.11 per share which was paid on June 15, 2018 to shareholders of record as of May 31, 2018, the record date.

Recent Accounting Pronouncement

Recent Accounting Pronouncements (Notes)	9 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in GAAP when it becomes effective. The new standard is effective for the Company on October 1, 2018, and it does not plan to early adopt this ASU. The standard outlines a five-step model whereby revenue is recognized as performance obligations within a contract are satisfied. The standard also requires new, expanded disclosures regarding revenue recognition. We are utilizing a bottom-up approach to analyze the standard's impact on our contract portfolio, comparing our historical accounting policies and practices, and identifying potential differences from applying the requirements of the new standard to our contracts. While this assessment continues, we have not yet completed our determination of the impacts of the standard or the effect of these impacts on our consolidated financial statements. The Company has selected the modified retrospective approach as its transition method. Because the new standard will impact our business processes, systems and controls, we are developing a comprehensive change management project plan to guide the implementation. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) Simplifying the Measurement of Inventory , which requires entities to measure inventory at the lower of cost and net realizable value, except for inventory measured using last-in, first-out (LIFO) or the retail inventory method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017 and requires prospective application, with early adoption permitted as of the beginning of an interim or annual reporting period. The Company has not yet assessed the potential impact of implementing this ASU on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , an amendment of the FASB Accounting Standards Codification. This ASU requires lessees to recognize a right-of-use asset and lease liability for most lease arrangements. The new standard is effective for the Company on October 1, 2019. The standard mandates a modified retrospective transition method for all entities and early adoption is permitted. The Company is evaluating the effect that ASU 2016-02 will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-08 (Topic 606), Principal versus Agent Considerations (Reporting Revenue Gross versus Net) to clarify the implementation guidance on principal versus agent considerations. The amendments in this update provides additional guidance on indicators to assist an entity in determining whether it controls a specified good or service before it is transferred to the customer and does not change the core principle of previously issued guidance. The amendments in this Topic are effective for financial statements issued for annual periods beginning after December 15, 2017, and interim periods within those annual periods. The Company does not expect the implementation of this ASU to have a material impact on our consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments , an amendment of the FASB Accounting Standards Codification. This ASU will reduce diversity in practice for classifying cash payments and receipts in the statement of cash flows for a number of common transactions. It will also clarify when identifiable cash flows should be separated versus classified based on their predominant source or use. This ASU is effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is evaluating the effect that ASU 2016-15 will have on its consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU No. 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, an amendment of the FASB Accounting Standards Codification. This ASU requires the seller and buyer to recognize at the transaction date the current and deferred income tax consequences of intercompany asset transfers (except transfers of inventory). Under current GAAP, the seller and buyer defer the consolidated tax consequences of an intercompany asset transfer from the period of the transfer to a future period when the asset is transferred out of the consolidated group, or otherwise affects consolidated earnings. This standard will cause volatility in companies’ effective tax rates, particularly for those that transfer intangible assets to foreign subsidiaries. For public entities, the new standard is effective for annual and interim periods in fiscal years beginning after December 15, 2017. An entity may early adopt the standard but only at the beginning of an annual period for which it has not issued or made available for issuance financial statements (interim or annual). The Company is evaluating the effect that ASU 2016-16 will have on its consolidated financial statements and related disclosures. In January 2017, FASB issued ASU No. 2017-01, “ Business Combinations Clarifying the Definition of a Business" (Topic 805) (“ASU No. 2017-01”). ASU 2017-01 provides a framework to use in determining when a set of assets and activities is a business. ASU 2017-01 provides more consistency in applying the business combination guidance, reduces the costs of application, and makes the definition of a business more operable. ASU 2017-01 is effective for interim and annual periods within those annual periods beginning after December 15, 2017. The Company is currently evaluating the impact ASU 2017-01 will have on the Company’s results of operations, financial position and disclosures. In March 2017, the FASB issued ASU No. 2017-07, Compensation Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , an amendment of the FASB Accounting Standards Codification. This ASU requires employers that sponsor defined benefit pension and/or other post-retirement benefit plans to report the service cost component of net benefit cost in the same line item as other compensation costs arising from services rendered by the pertinent employees during the period. Employers are required to present the other components of net benefit costs in the income statement separately from the service cost component and outside a subtotal of income from operations. Additionally, only the service cost component of net periodic pension cost will be eligible for asset capitalization. For public entities, the new standard is effective for annual periods beginning after December 15, 2017, including interim periods within that annual period. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. This ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets. The Company is evaluating the effect that ASU 2017-07 will have on its consolidated financial statements and related disclosures. In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income , which allow a reclassification from accumulated other comprehensive income (loss) (“AOCI”) to retained earnings for stranded tax effects resulting from the change in the U.S. federal corporate income tax rate on the gross deferred tax amounts at the date of enactment of the Tax Cuts and Jobs Act of 2017 (the “2017 Tax Act”). The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact the standard may have on our consolidated financial statements and related disclosures. In July 2018, the FASB issued ASU No. 2018-11, Leases (Topic 842): Targeted Improvements , which works to improve on certain aspects of ASU No. 2016-02 identified by stakeholders as problematic or difficult to implement, including the adoption method. Currently, entities are required to adopt this ASU using a modified retrospective transition method. Under that transition method, an entity initially applies this ASU at the beginning of the earliest period presented in its financial statements. ASU No. 2018-11 provides another adoption method, which allows entities to initially apply ASU No. 2016-02 at the adoption date and recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption. We are currently evaluating the impact the standard may have on our consolidated financial statements and related disclosures.

Deferred Costs (Notes)

Deferred Costs (Notes)	9 Months Ended
	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Deferred Costs Deferred costs represent costs of labor, third party maintenance and support contracts, and outside consultants related to transactions where the revenue recognition criteria has not been met.

Assets Held-for-sale and Discon

Assets Held-for-sale and Discontinued Operations (Notes)	9 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Assets held-for-sale and discontinued operations	Assets held-for-sale and discontinued operations As discussed in Note 1 , on June 27, 2018, CSPi entered into an agreement to sell its Germany operations (Modcomp GmbH, Technology Solutions) to Reply AG, a German stock corporation ("Reply AG") and an affiliate of European IT service provider and media conglomerate Reply SpA (MTA, STAR: REY) (the "Reply Group") for €10.0 million in cash, subject to certain closing and post-closing adjustments. Accordingly, CSPi GmbH, met the criteria for "Assets Held-for-Sale" in accordance with Accounting Standard Codification 360 ("ASC 360") as of June 30, 2018. Pursuant to the terms of a Share Purchase and Assignment Agreement, Reply AG will acquire all of the outstanding stock of Modcomp GmbH, CSPi’s German subsidiary, which includes all of the assets and liabilities of such entity. The Germany assets and liabilities are reflected as "held-for-sale" on the consolidated balance sheets in accordance with ASC 360, at June 30, 2018 and September 30, 2017. In addition, the results of operations for the Germany business have been presented as discontinued operations in accordance with ASC 205-20 for all periods presented. Summarized Discontinued Operations Financial Information The following table provides a reconciliation of the carrying amounts of major classes of assets and liabilities which are included in assets and liabilities held for sale in the accompanying consolidated balance sheets for each of the periods presented: June 30, 2018 September 30, 2017 (Amounts in thousands) Currents assets: Cash and cash equivalents $ 2,535 $ 3,464 Accounts receivable, net 7,936 9,957 Unbilled accounts receivable 553 69 Inventories, net 446 404 Deferred costs 2,978 910 Deferred income taxes 854 — Other current assets 373 63 Property, equipment and improvements, net 588 — Total current assets held-for-sale $ 16,263 $ 14,867 Property, equipment and improvements, net $ — $ 589 Deferred costs — 609 Deferred income taxes — 864 Other noncurrent assets, net — 126 Total noncurrent assets held-for-sale $ — $ 2,188 Current liabilities: Accounts payable and accrued expenses $ 4,667 $ 3,950 Deferred revenue 6,409 5,264 Pension and retirement plans 5,319 209 Other current liabilities 121 304 Total current liabilities held-for-sale $ 16,516 $ 9,727 Pension and retirement plans $ — $ 5,165 Other noncurrent liabilities — 57 Total noncurrent liabilities held-for-sale $ — $ 5,222 The following table summarizes the results of discontinued operations for the three and nine months ended June 30, 2018, and June 30, 2017. For the three months ended For the nine months ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 (Amounts in thousands) Sales $ 5,681 $ 4,103 $ 16,428 $ 15,630 Cost of sales 5,150 3,452 14,180 13,043 Gross profit 531 651 2,248 2,587 Selling, general and administrative expenses 922 933 2,656 2,711 Operating loss (391 ) (282 ) (408 ) (124 ) Other expenses (36 ) (10 ) (95 ) (23 ) Loss before income taxes (427 ) (292 ) (503 ) (147 ) Income tax expense (benefit) 1 (55 ) — (6 ) Loss from discontinued operations, net of tax $ (428 ) $ (237 ) $ (503 ) $ (141 )

Subsequent Events (Notes)

Subsequent Events (Notes)	9 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 31, 2018, CSPi announced the completion of its sale of all of the stock of Modcomp GmbH, to Reply AG, pursuant to the terms of a Share Purchase and Assignment Agreement dated June 27, 2018. CSPI GmbH, through itself and its wholly owned subsidiaries, provided managed security services to customers primarily in Germany. Upon the closing of the Share Purchase Agreement, Reply AG paid to CSPI total cash at closing of approximately €12,343,000 , which consists of the original purchase price of €10,000,000 plus an adjustment at closing for Net Cash (as defined in the Share Purchase Agreement) of approximately €2,343,000 .

Earnings Per Share of Common 22

Earnings Per Share of Common Stock (Tables)	9 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Basic and diluted earnings per share computations for the Company’s reported net income (loss) attributable to common stockholders are as follows: For the three months ended For the nine months ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 (Amounts in thousands except per share data) Income (loss) from continuing operations $ 431 $ 932 $ (1,288 ) $ 1,222 Loss from discontinued operations (428 ) (237 ) (503 ) (141 ) Net income (loss) 3 695 (1,791 ) 1,081 Less: net income attributable to nonvested common stock — 31 — 46 Net income (loss) attributable to common stockholders $ 3 $ 664 $ (1,791 ) $ 1,035 Weighted average total shares outstanding – basic 4,006 3,921 3,811 3,876 Less: weighted average non-vested shares outstanding 164 177 — 163 Weighted average number of common shares outstanding – basic 3,842 3,744 3,811 3,713 Potential common shares from non-vested stock awards and the assumed exercise of stock options 88 75 — 98 Weighted average common shares outstanding – diluted 3,930 3,819 3,811 3,811 Net income (loss) from continuing operations per share – basic $ 0.11 $ 0.24 $ (0.34 ) $ 0.32 Net loss from discontinued operations per share – basic $ (0.11 ) $ (0.06 ) $ (0.13 ) $ (0.04 ) Net income (loss) from continuing operations per share – diluted $ 0.11 $ 0.24 $ (0.34 ) $ 0.31 Net loss from discontinued operations per share – diluted $ (0.11 ) $ (0.06 ) $ (0.13 ) $ (0.04 )

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following: June 30, 2018 September 30, 2017 (Amounts in thousands) Raw materials $ 953 $ 1,334 Work-in-process 375 260 Finished goods 7,888 3,973 Total $ 9,216 $ 5,567

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss are as follows: June 30, 2018 September 30, 2017 (Amounts in thousands) Cumulative effect of foreign currency translation $ (3,629 ) $ (3,214 ) Cumulative unrealized loss on pension liability (6,949 ) (6,949 ) Accumulated other comprehensive loss $ (10,578 ) $ (10,163 )

Pension and Retirement Plans (T

Pension and Retirement Plans (Tables)	9 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The fair value of the assets held by the U.K. pension plan by asset category are as follows: Fair Values as of June 30, 2018 September 30, 2017 Fair Value Measurements Using Inputs Considered as Fair Value Measurements Using Inputs Considered as Asset Category Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (Amounts in thousands) Cash on deposit $ 46 $ 46 $ — $ — $ 62 $ 62 $ — $ — Pooled funds 8,257 8,257 — — 8,177 8,177 — — Total plan assets $ 8,303 $ 8,303 $ — $ — $ 8,239 $ 8,239 $ — $ —
Schedule of Net Benefit Costs	The components of net periodic benefit costs related to the U.S. and international plans are as follows: For the Three Months Ended June 30, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 93 $ 7 $ 100 $ 81 $ 11 $ 92 Expected return on plan assets (77 ) — (77 ) (68 ) — (68 ) Amortization of: Amortization of net gain (loss) 45 (1 ) 44 52 (1 ) 51 Net periodic benefit cost from continuing operations 61 6 67 65 10 75 Net periodic benefit cost from discontinued operations 52 — 52 68 — 68 Net periodic benefit cost $ 113 $ 6 $ 119 $ 133 $ 10 $ 143 Post Retirement: Service cost $ — $ 10 $ 10 $ — $ 10 $ 10 Interest cost — 12 12 — 10 10 Amortization of net gain (loss) — (4 ) (4 ) — 4 4 Net periodic cost $ — $ 18 $ 18 $ — $ 24 $ 24 For the Nine Months Ended June 30, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 280 $ 20 $ 300 $ 237 $ 32 $ 269 Expected return on plan assets (231 ) — (231 ) (198 ) — (198 ) Amortization of: Amortization of net gain (loss) 133 (1 ) 132 153 (3 ) 150 Net periodic benefit cost from continuing operations 182 19 201 192 29 221 Net periodic benefit cost from discontinued operations 158 — 158 200 — 200 Net periodic benefit cost $ 340 $ 19 $ 359 $ 392 $ 29 $ 421 Post Retirement: Service cost $ — $ 32 $ 32 $ — $ 29 $ 29 Interest cost — 35 35 — 33 33 Amortization of net gain (loss) — (14 ) (14 ) — 11 11 Net periodic cost $ — $ 53 $ 53 $ — $ 73 $ 73

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2018
Operating Segment Information
Segment Reporting Information [Line Items]
Schedule of Revenue by Major Customers by Reporting Segments	The following tables present certain operating segment information for the three and nine months ended June 30, 2018 and June 30, 2017 . Technology Solutions Segment For the three months ended June 30, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,665 $ 1,978 $ 12,437 $ 14,415 $ 16,080 Service 1,422 232 2,310 2,542 3,964 Total sales 3,087 2,210 14,747 16,957 20,044 Income (loss) from operations (43 ) 14 251 265 222 Assets from continuing operations 15,018 4,769 22,908 27,677 42,695 Assets held-for-sale — — — — 16,263 Total assets 15,018 4,769 22,908 27,677 58,958 Capital expenditures 34 — 52 52 86 Depreciation and amortization 75 1 71 72 147 2017 Sales: Product $ 1,635 $ 1,748 $ 19,701 $ 21,449 $ 23,084 Service 1,680 252 1,413 1,665 3,345 Total sales 3,315 2,000 21,114 23,114 26,429 Income from operations 388 58 896 954 1,342 Assets from continuing operations 17,277 2,078 22,243 24,321 41,598 Assets held-for-sale — — — — 16,509 Total assets 17,277 2,078 22,243 24,321 58,107 Capital expenditures 32 — 46 46 78 Depreciation and amortization 58 2 63 65 123 Technology Solutions Segment For the nine months ended June 30, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 4,752 $ 5,276 $ 33,770 $ 39,046 $ 43,798 Service 2,600 512 6,368 6,880 9,480 Total sales 7,352 5,788 40,138 45,926 53,278 Income (loss) from operations (1,482 ) (77 ) 1,083 1,006 (476 ) Assets from continuing operations 15,018 4,769 22,908 27,677 42,695 Assets held-for-sale — — — — 16,263 Total assets 15,018 4,769 22,908 27,677 58,958 Capital expenditures 80 — 182 182 262 Depreciation and amortization 188 3 207 210 398 2017 Sales: Product $ 5,155 $ 4,611 $ 42,241 $ 46,852 $ 52,007 Service 4,331 565 3,231 3,796 8,127 Total sales 9,486 5,176 45,472 50,648 60,134 Income (loss) from operations 802 (183 ) 1,085 902 1,704 Assets from continuing operations 17,277 2,078 22,243 24,321 41,598 Assets held-for-sale — — — — 16,509 Total assets 17,277 2,078 22,243 24,321 58,107 Capital expenditures 90 — 79 79 169 Depreciation and amortization 168 7 186 193 361
Revenues in Excess of 10 Percent of Total Revenues
Segment Reporting Information [Line Items]
Schedule of Revenue by Major Customers by Reporting Segments	The following table lists customers from which the Company derived revenues in excess of 10% of total revenues from continuing operations for the three and nine months ended June 30, 2018 , and 2017 . For the three months ended June 30, For the nine months ended June 30, 2018 2017 2018 2017 Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues (Dollar amounts in millions) Customer A $ 1.6 8 % $ 8.2 31 % $ 5.5 10 % $ 14.8 25 % Customer B $ 1.0 5 % $ 3.0 11 % $ 2.2 4 % $ 4.5 7 %

Assets Held-for-sale and Disc27

Assets Held-for-sale and Discontinued Operations (Tables)	9 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table provides a reconciliation of the carrying amounts of major classes of assets and liabilities which are included in assets and liabilities held for sale in the accompanying consolidated balance sheets for each of the periods presented: June 30, 2018 September 30, 2017 (Amounts in thousands) Currents assets: Cash and cash equivalents $ 2,535 $ 3,464 Accounts receivable, net 7,936 9,957 Unbilled accounts receivable 553 69 Inventories, net 446 404 Deferred costs 2,978 910 Deferred income taxes 854 — Other current assets 373 63 Property, equipment and improvements, net 588 — Total current assets held-for-sale $ 16,263 $ 14,867 Property, equipment and improvements, net $ — $ 589 Deferred costs — 609 Deferred income taxes — 864 Other noncurrent assets, net — 126 Total noncurrent assets held-for-sale $ — $ 2,188 Current liabilities: Accounts payable and accrued expenses $ 4,667 $ 3,950 Deferred revenue 6,409 5,264 Pension and retirement plans 5,319 209 Other current liabilities 121 304 Total current liabilities held-for-sale $ 16,516 $ 9,727 Pension and retirement plans $ — $ 5,165 Other noncurrent liabilities — 57 Total noncurrent liabilities held-for-sale $ — $ 5,222 The following table summarizes the results of discontinued operations for the three and nine months ended June 30, 2018, and June 30, 2017. For the three months ended For the nine months ended June 30, 2018 June 30, 2017 June 30, 2018 June 30, 2017 (Amounts in thousands) Sales $ 5,681 $ 4,103 $ 16,428 $ 15,630 Cost of sales 5,150 3,452 14,180 13,043 Gross profit 531 651 2,248 2,587 Selling, general and administrative expenses 922 933 2,656 2,711 Operating loss (391 ) (282 ) (408 ) (124 ) Other expenses (36 ) (10 ) (95 ) (23 ) Loss before income taxes (427 ) (292 ) (503 ) (147 ) Income tax expense (benefit) 1 (55 ) — (6 ) Loss from discontinued operations, net of tax $ (428 ) $ (237 ) $ (503 ) $ (141 )

Earnings Per Share of Common 28

Earnings Per Share of Common Stock (Detail)	9 Months Ended
	Jun. 30, 2018shares
Earnings Per Share [Abstract]
Weighted Average Number Diluted Shares Outstanding Adjustment	168,000

Earnings Per Share of Common 29

Earnings Per Share of Common Stock (Detail) - Basic and diluted earnings per share computations - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Weighted Average Number Diluted Shares Outstanding Adjustment			168,000
Net income (loss) from continuing operations	$ 3	$ 695	$ (1,791)	$ 1,081
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	431	932	(1,288)	1,222
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(428)	(237)	(503)	(141)
Less: Net income attributable to nonvested common stock (in Dollars)	0	31	0	46
Net income attributable to common stockholders (in Dollars)	$ 3	$ 664	$ (1,791)	$ 1,035
Weighted average total shares outstanding – basic	4,006,000	3,921,000	3,811,000	3,876,000
Less: weighted average non-vested shares outstanding	164,000	177,000	0	163,000
Weighted average number of common shares outstanding – basic	3,842,000	3,744,000	3,811,000	3,713,000
Potential common shares from non-vested stock awards and the assumed exercise of stock options	88,000	75,000	0	98,000
Weighted average common shares outstanding – diluted	3,930,000	3,819,000	3,811,000	3,811,000
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.11	$ 0.24	$ (0.34)	$ 0.32
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	(0.11)	(0.06)	(0.13)	(0.04)
Income (Loss) from Continuing Operations, Per Diluted Share	0.11	0.24	(0.34)	0.31
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	$ (0.11)	$ (0.06)	$ (0.13)	$ (0.04)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Millions	Jun. 30, 2018	Sep. 30, 2017
Inventory Disclosure [Abstract]
Finished goods inventory that has been shipped, but for which all revenue recognition criteria has not been met	$ 0.4	$ 0.4
Reservce for obsolescence	$ 3.2	$ 2.9

Inventories (Detail) - Inventor

Inventories (Detail) - Inventories - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 953	$ 1,334
Work-in-process	375	260
Finished goods	7,888	3,973
Total	$ 9,216	$ 5,567

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Loss (Detail) - Components of Accumulated Other Comprehensive Loss - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Equity [Abstract]
Cumulative effect of foreign currency translation	$ (3,629)	$ (3,214)
Cumulative unrealized loss on pension liability	(6,949)	(6,949)
Accumulated other comprehensive loss	$ (10,578)	$ (10,163)

Pension and Retirement Plans (D

Pension and Retirement Plans (Detail) - Components of net periodic benefit costs - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Pension:
Pension:
Interest cost	$ 100	$ 92	$ 300	$ 269
Expected return on plan assets	(77)	(68)	(231)	(198)
Amortization of:
Amortization of net gain (loss)	44	51	132	150
Net periodic benefit cost from continuing operations	119	143	359	421
Post Retirement:
Pension:
Service cost	10	10	32	29
Interest cost	12	10	35	33
Amortization of:
Amortization of net gain (loss)	(4)	4	(14)	11
Net periodic benefit cost from continuing operations	18	24	53	73
Foreign | Pension:
Pension:
Interest cost	93	81	280	237
Expected return on plan assets	(77)	(68)	(231)	(198)
Amortization of:
Amortization of net gain (loss)	45	52	133	153
Net periodic benefit cost from continuing operations	113	133	340	392
Foreign | Post Retirement:
Pension:
Service cost	0	0	0	0
Interest cost	0	0	0	0
Amortization of:
Amortization of net gain (loss)	0	0	0	0
Net periodic benefit cost from continuing operations	0	0	0	0
U.S. | Pension:
Pension:
Interest cost	7	11	20	32
Expected return on plan assets	0	0	0	0
Amortization of:
Amortization of net gain (loss)	(1)	(1)	(1)	(3)
Net periodic benefit cost from continuing operations	6	10	19	29
U.S. | Post Retirement:
Pension:
Service cost	10	10	32	29
Interest cost	12	10	35	33
Amortization of:
Amortization of net gain (loss)	(4)	4	(14)	11
Net periodic benefit cost from continuing operations	18	24	53	73
Continuing Operations | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	67	75	201	221
Continuing Operations | Foreign | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	61	65	182	192
Continuing Operations | U.S. | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	6	10	19	29
Discontinued Operations | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	52	68	158	200
Discontinued Operations | Foreign | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	52	68	158	200
Discontinued Operations | U.S. | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	$ 0	$ 0	$ 0	$ 0

Pension and Retirement Plans Fa

Pension and Retirement Plans Fair value of the assets held by the UK pension plan by asset catagory (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 8,303	$ 8,239
Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	46	62
Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	8,257	8,177
Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	8,303	8,239
Level 1 | Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	46	62
Level 1 | Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	8,257	8,177
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fair Value, Inputs, Level 2 [Member] | Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fair Value, Inputs, Level 2 [Member] | Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fair Value, Inputs, Level 3 [Member] | Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	0	0
Fair Value, Inputs, Level 3 [Member] | Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 0	$ 0

Segment Information (Detail) -

Segment Information (Detail) - The following table presents certain operating segment information - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Sales:
Product	$ 16,080	$ 23,084	$ 43,798	$ 52,007
Service	3,964	3,345	9,480	8,127
Total sales	20,044	26,429	53,278	60,134
Income (loss) from operations	222	1,342	(476)	1,704
Assets from continuing operations	58,958	58,107	58,958	58,107	$ 58,928
Disposal Group, Including Discontinued Operation, Assets	16,263	16,509	16,263	16,509
Capital expenditures	86	78	262	169
Depreciation and amortization	147	123	398	361
High Performance Products Segment
Sales:
Product	1,665	1,635	4,752	5,155
Service	1,422	1,680	2,600	4,331
Total sales	3,087	3,315	7,352	9,486
Income (loss) from operations	(43)	388	(1,482)	802
Assets from continuing operations	15,018	17,277	15,018	17,277
Capital expenditures	34	32	80	90
Depreciation and amortization	75	58	188	168
United Kingdom
Sales:
Product	1,978	1,748	5,276	4,611
Service	232	252	512	565
Total sales	2,210	2,000	5,788	5,176
Income (loss) from operations	14	58	(77)	(183)
Assets from continuing operations	4,769	2,078	4,769	2,078
Capital expenditures	0	0	0	0
Depreciation and amortization	1	2	3	7
U.S.
Sales:
Product	12,437	19,701	33,770	42,241
Service	2,310	1,413	6,368	3,231
Total sales	14,747	21,114	40,138	45,472
Income (loss) from operations	251	896	1,083	1,085
Assets from continuing operations	22,908	22,243	22,908	22,243
Capital expenditures	52	46	182	79
Depreciation and amortization	71	63	207	186
Total
Sales:
Product	14,415	21,449	39,046	46,852
Service	2,542	1,665	6,880	3,796
Total sales	16,957	23,114	45,926	50,648
Income (loss) from operations	265	954	1,006	902
Assets from continuing operations	27,677	24,321	27,677	24,321
Capital expenditures	52	46	182	79
Depreciation and amortization	72	65	210	193
Continuing Operations
Sales:
Assets from continuing operations	42,695	41,598	42,695	41,598
Continuing Operations | High Performance Products Segment
Sales:
Assets from continuing operations	15,018	17,277	15,018	17,277
Continuing Operations | United Kingdom
Sales:
Assets from continuing operations	4,769	2,078	4,769	2,078
Continuing Operations | U.S.
Sales:
Assets from continuing operations	22,908	22,243	22,908	22,243
Continuing Operations | Total
Sales:
Assets from continuing operations	$ 27,677	$ 24,321	$ 27,677	$ 24,321

Segment Information (Detail) 36

Segment Information (Detail) - Major customers - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2017
Segment Reporting Information [Line Items]
Segment Reporting, Disclosure of Major Customers	0.1	.1		.1
percent of accounts receivable			10.00%	10.00%
Customer A
Segment Reporting Information [Line Items]
Amount (in Dollars)	$ 1.6	$ 8.2	$ 5.5	$ 14.8
% of Total Revenues	8.00%	31.00%	10.00%	25.00%
Accounts Receivable, Gross	$ 1.5		$ 1.5		$ 2.4
concentration risk, percentage, accounts receivable	11.00%		11.00%		14.00%
Customer B
Segment Reporting Information [Line Items]
Amount (in Dollars)	$ 1	$ 3	$ 2.2	$ 4.5
% of Total Revenues	5.00%	11.00%	4.00%	7.00%
Customer C [Member]
Segment Reporting Information [Line Items]
Accounts Receivable, Gross	$ 1.6		$ 1.6
concentration risk, percentage, accounts receivable	13.00%		13.00%

Dividend (Detail)

Dividend (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2018
Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.11	$ 0.11
Dividends per share			$ 0.33

Assets Held-for-sale and Disc38

Assets Held-for-sale and Discontinued Operations (Details) € in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 27, 2018EUR (€)	Sep. 30, 2017USD ($)
Current liabilities:
Total current liabilities held-for-sale	$ 16,516		$ 16,516			$ 9,727
Total noncurrent liabilities held-for-sale	0		0			5,222
Modcom GmbH | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Original purchase price | €					€ 10,000
Currents assets:
Cash and cash equivalents	2,535		2,535			3,464
Accounts receivable, net	7,936		7,936			9,957
Unbilled accounts receivable	553		553			69
Inventories, net	446		446			404
Deferred costs	2,978		2,978			910
Deferred income taxes	854		854			0
Other current assets	373		373			63
Property, equipment and improvements, net	588		588			0
Total current assets held-for-sale	16,263		16,263			14,867
Property, equipment and improvements, net	0		0			589
Deferred costs	0		0			609
Deferred income taxes	0		0			864
Other noncurrent assets, net	0		0			126
Total noncurrent assets held-for-sale	0		0			2,188
Current liabilities:
Accounts payable and accrued expenses	4,667		4,667			3,950
Deferred revenue	6,409		6,409			5,264
Pension and retirement plans	5,319		5,319			209
Other current liabilities	121		121			304
Total current liabilities held-for-sale	16,516		16,516			9,727
Pension and retirement plans	0		0			5,165
Other noncurrent liabilities	0		0			57
Total noncurrent liabilities held-for-sale	0		0			$ 5,222
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Sales	5,681	$ 4,103	16,428	$ 15,630
Cost of sales	5,150	3,452	14,180	13,043
Gross profit	531	651	2,248	2,587
Selling, general and administrative expenses	922	933	2,656	2,711
Operating loss	(391)	(282)	(408)	(124)
Other expenses	(36)	(10)	(95)	(23)
Loss before income taxes	(427)	(292)	(503)	(147)
Income tax expense (benefit)	1	(55)	0	(6)
Loss from discontinued operations, net of tax	$ (428)	$ (237)	$ (503)	$ (141)

Subsequent Events (Details)

Subsequent Events (Details) - Modcom GmbH - Discontinued Operations, Held-for-sale - EUR (€) € in Thousands	Jul. 31, 2018	Jun. 27, 2018
Subsequent Event [Line Items]
Original purchase price		€ 10,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash received at closing	€ 12,343
Adjustment for Net Cash	€ 2,343

Uncategorized Items - cspi-2018

Label	Element	Value
Cash, Including Discontinued Operations	us-gaap_CashIncludingDiscontinuedOperations	$ 13,103,000
Cash, Including Discontinued Operations	us-gaap_CashIncludingDiscontinuedOperations	13,885,000
Disposal Group, Including Discontinued Operation, Cash	us-gaap_DisposalGroupIncludingDiscontinuedOperationCash	5,566,000
Disposal Group, Including Discontinued Operation, Cash	us-gaap_DisposalGroupIncludingDiscontinuedOperationCash	$ 3,464,000