CSP (CSPI) 10-Q 13 Feb 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2018	Feb. 08, 2019
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		4,117,831
Amendment Flag	false
Entity Central Index Key	356,037
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 20,656	$ 25,107
Accounts receivable, net of allowances of $89 and $87	17,208	11,980
Unbilled accounts receivable	0	1,166
Net Investment in Lease, Current	258	246
Inventories	6,790	7,558
Refundable income taxes	476	480
Other current assets	2,318	1,878
Total current assets	47,706	48,415
Property, equipment and improvements, net	979	847
Other assets:
Intangibles, net	43	48
Deferred income taxes	1,837	1,895
Cash surrender value of life insurance	3,469	3,441
Other assets	66	65
Total other assets	5,910	6,013
Total assets	54,595	55,275
Current liabilities:
Accounts payable and accrued expenses	12,844	12,524
Deferred revenue	738	1,197
Pension and retirement plans	336	340
Total current liabilities	13,918	14,061
Pension and retirement plans	5,999	6,168
Income taxes payable	694	709
Other noncurrent liabilities	565	535
Total liabilities	21,176	21,473
Commitments and contingencies
Shareholders’ equity:
Common stock, $.01 par value per share; authorized, 7,500 shares; issued and outstanding 4,018 and 4,017 shares, respectively	41	40
Additional paid-in capital	14,842	14,661
Retained earnings	29,531	29,926
Accumulated other comprehensive loss	(10,995)	(10,825)
Total shareholders’ equity	33,419	33,802
Total liabilities and shareholders’ equity	54,595	55,275
Net Investment in Lease, Noncurrent	$ 495	$ 564

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
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
	Dec. 31, 2018	Dec. 31, 2017
Sales:
Product	$ 15,711	$ 13,669
Services	3,269	2,961
Total sales	18,980	16,630
Cost of sales:
Product	13,212	11,280
Services	1,419	987
Total cost of sales	14,631	12,267
Gross profit	4,349	4,363
Operating expenses:
Engineering and development	745	698
Selling, general and administrative	3,589	3,500
Total operating expenses	4,334	4,198
Operating income	15	165
Other income (expense):
Foreign exchange gain (loss)	7	(68)
Other income (expense), net	30	61
Total other income (expense)	37	(7)
Income before income taxes	52	158
Income tax expense	2	1,153
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	50	(995)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	(205)
Net income (loss) from continuing operations	50	(1,200)
Net income (loss) attributable to common stockholders	$ 48	$ (1,200)
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.01	$ (0.26)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0	(0.06)
Earnings Per Share, Basic	$ 0.01	$ (0.32)
Weighted average shares outstanding – basic (in Shares)	3,868	3,768
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.01	$ (0.26)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0	(0.06)
Earnings Per Share, Diluted	$ 0.01	$ (0.32)
Weighted average shares outstanding – diluted (in Shares)	3,966	3,768

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 50	$ (1,200)
Other comprehensive loss:
Foreign currency translation loss adjustments	(170)	(4)
Other comprehensive loss	(170)	(4)
Total comprehensive loss	$ (120)	$ (1,204)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statement of Shareholders' Equity - 3 months ended Dec. 31, 2018 - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Capital Units [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at Sep. 30, 2018	$ 33,802	$ 40		$ 14,661	$ 29,926	$ (10,825)
Balance (in Shares) at Sep. 30, 2018	3,935	4,017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 50				50
Other comprehensive loss	(170)
Exercise of Stock Options	4		$ 1	3
Exercise of Stock Options (in shares)		1
Stock-based compensation	178			178
Dividends, Cash	603				603
Balance at Dec. 31, 2018	$ 33,419	$ 41		$ 14,842	$ 29,531	$ (10,995)
Balance (in Shares) at Dec. 31, 2018	4,006	4,018
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 158

Unaudited Consolidated Statem_4

Unaudited Consolidated Statement of Shareholders' Equity (Parentheticals)	3 Months Ended
	Dec. 31, 2018$ / shares
Statement of Stockholders' Equity [Abstract]
Dividends per share	$ 0.15

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Increase (Decrease) in Leasing Receivables	$ 57	$ 0
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	50	(995)
Cash flows provided by operating activities:
Net income (loss)	50	(1,200)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	(205)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	101	94
Amortization of intangibles	5	30
Loss on sale of fixed assets, net	0	(4)
Foreign exchange (gain) loss	(7)	68
Non-cash changes in accounts receivable	2	0
Non-cash changes in inventories	125	128
Stock-based compensation expense on stock options and restricted stock awards	178	121
Deferred income taxes	(99)	490
Increase in cash surrender value of life insurance	(28)	(29)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(4,128)	6,826
Payments for (Proceeds from) Life Insurance Policies	256	0
(Increase) decrease in inventories	629	(955)
Increase (Decrease) in Deferred Charges	0	(6)
Decrease in refundable income taxes	109	32
Increase in other current assets	(703)	(494)
Decrease in accounts payable and accrued expenses	(269)	(2,671)
Increase (decrease) in deferred revenue	(247)	109
Decrease in pension and retirement plans liabilities	(78)	(30)
Increase (decrease) in income taxes payable	(13)	647
Increase in other long term liabilities	101	2
Net cash provided by (used in) operating activities of continuing operations	(3,959)	3,371
Net cash provided by operating activities of discontinued operations	0	1,183
Net cash provided by (used in) operating activities	(3,959)	4,554
Cash flows used in investing activities:
Life insurance premiums paid	0	(66)
Purchases of property, equipment and improvements	(233)	(44)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(233)	(110)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	(65)
Net cash used in investing activities of continuing operations	(233)	(175)
Cash flows used in financing activities:
Principal payments on capital leases	(70)	0
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options	3	9
Net cash provided by (used in) financing activities	(67)	9
Effects of exchange rate on cash	(192)	(83)
Net increase (decrease) in cash and cash equivalents	(4,451)	4,305
Cash and cash equivalents of continuing operations, beginning of period	25,107	10,421
Cash and cash equivalents of discontinued operations, beginning of period	0	3,464
Cash and cash equivalents, beginning of period	25,107	13,885
Cash and cash equivalents, end of period	20,656	18,190
Less: Cash and cash equivalents of discontinued operations at end of period	0	4,685
Cash and cash equivalents of continuing operations at end of period	20,656	13,505
Supplementary cash flow information:
Cash paid for income taxes	0	95
Cash paid for interest	67	72
Non-cash accrual of dividend payable	$ 603	$ 437

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 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, 2018 . Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations. Refer to Note 13 for additional information on discontinued operations.

Use of Estimates

Use of Estimates	3 Months Ended
	Dec. 31, 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, and the calculation of standalone selling price 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.

Revenue

Revenue	3 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Effective October 1, 2018, the Company adopted 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. See Note 12 for effects of initial adoption. This note reflects the accounting policy change for revenue starting on the date of adoption. We derive revenue from the sale of integrated hardware and software, third-party service contracts, professional services, managed services, financing of hardware and software, and other services. We recognize revenue from hardware upon transfer of control, which is at a point in time typically upon shipment when title transfers. Revenue from software is recognized at a point in time when the license is granted. We recognize revenue from third-party service contracts as either gross sales or net sales depending on whether the Company is acting as a principal party to the transaction or simply acting as an agent or broker based on control and timing. The Company is a principal if it controls the good or service before that good or service is transferred to the customer. We record revenue as gross when the Company is a principal party to the arrangement and net of cost when we are acting as a broker or agent. Under gross sales recognition, the entire selling price is recorded in revenue and our cost to the third-party service provider or vendor is recorded in cost of goods sold. Under net sales recognition, the cost to the third-party service provider or vendor is recorded as a reduction to revenue resulting in net sales equal to the gross profit on the transaction. Third-party service contracts are sold in different combinations with hardware, software, and services. We have determined the third-party services contracts are a single performance obligation in each sale. When the Company is an agent, revenue is typically recorded at a point in time. When the Company is the principal, revenue is recognized over the contract term. Professional services generally include implementation, installation, and training services. Professional services are considered a series of distinct services that form one performance obligation and revenue is recognized over time as services are performed. Revenue generated from managed services is recognized over the term of the contract. Certain managed services contracts include financing of hardware and software. Revenues from arrangements which include financing are allocated considering relative standalone selling prices of lease and non-lease components within the agreement. The lease components include the hardware and software, which are subject to ASC 840. The non-lease component includes the managed services and is subject to ASC 606. Other services generally include revenue generated through our royalty, extended warranty, multicomputer repair, and maintenance contracts. Royalty revenue is sales-based and recognized on date of subsequent sale of the product, which occurs on date of customer shipment. Revenue from extended warranty contracts is recognized evenly over the period of the warranty. Multicomputer repair services revenue is recognized upon control transfer when the customer takes possession of the computer at time of shipping. Revenue generated from maintenance services is recognized evenly over the term of the contract. Variable consideration is immaterial. Any products sold with right to return exists with the manufacturer. Managed service contracts contain the right to refund if canceled within 30 days of inception. Any products with a standard warranty are treated as a warranty obligation under ASC 460, Guarantees. The following policies are applicable to our major categories of segment revenue transactions: HPP Segment Revenue HPP segment revenue is derived from the sale of integrated hardware and software, maintenance, and other services through the Multicomputer and Myricom product lines. Myricom revenue is derived from the sale of products, which are comprised of both hardware and embedded software which is essential to the products functionality, and post contract maintenance and support. Post contract maintenance and support is considered immaterial in the context of the contract and therefore is not a separate performance obligation. TS Segment Revenue TS Segment revenue is derived from the sale of hardware, software, professional services, third-party service contracts, maintenance contracts, managed services, and financing of hardware and software. Financing revenue is recognized in accordance with ASC 840, Leases . Financing revenue is recorded in revenue as equipment leasing and is part of the Company's central operations. Third-party service contracts are evaluated to determine whether such service revenue should be recorded as gross sales or net and whether over time or at point in time. See disaggregated revenues below by products/services and geography. Technology Solutions Segment For the three months ended December 31, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,733 $ 1,732 $ 12,209 $ 13,941 $ 15,674 Service 293 70 2,906 2,976 3,269 Finance * — — 37 37 37 Total sales $ 2,026 $ 1,802 $ 15,152 $ 16,954 $ 18,980 * Finance revenue is related to equipment leasing and is not subject to the guidance on revenue from contracts with customers. Significant Judgments The input method using labor hours expended relative to the total expected hours is used to recognize revenue for professional services. Only the hours that depict the Company’s performance toward satisfying a performance obligation are used for progress. An estimate for professional services is made at the beginning of each contract based on prior experience and monitored throughout the services. This method is most appropriate as it depicts the measure of progress towards satisfaction of the performance obligation. When product and services are sold together, the allocation of the transaction price to each performance obligation is calculated using a budgeted cost-plus margin approach. Due to the complex nature of these contracts, there is significant judgment in allocating the transaction price. These estimates are periodically reviewed by project managers, engineers, and other staff involved to ensure estimates are appropriate. For items sold separately, including hardware, software, professional services, maintenance contracts, other services, and third-party service contracts, there is no allocation performed as there is one performance obligation. Contract Assets and Liabilities When the Company has performed work but does not have an unconditional right to payment, a contract asset is recorded. When the Company has the right to bill a customer, accounts receivable is recorded as an unconditional right exists. Current contract assets were $646 thousand and $1.2 million as of December 31, 2018 and October 1, 2018, respectively. The current portion is recorded in other current assets on the consolidated balance sheets. There were no non-current contract assets as of December 31, 2018 and October 1, 2018. Contract assets that became unconditional during the period ended December 31, 2018 and reclassified as a receivable were $918 thousand . Contract liabilities arise when payment is received before the Company transfers a good or service to the customer. Current contract liabilities were $738 thousand and $1.1 million as of December 31, 2018 and October 1, 2018, respectively. The current portion is recorded in deferred revenue on the consolidated balance sheets. There were no non-current contract liabilities as of December 31, 2018 and October 1, 2018, respectively. Revenue recognized in the first quarter of fiscal 2019 that was included in contract liabilities as of the beginning of the period was $1.6 million . Contract Costs Incremental costs of obtaining a contract involving customer transactions where the revenue and the related transfer of goods and services are less than a one-year period, are expensed as incurred, utilizing the practical expedient in ASC 340-40-25-4 . For a period greater than one year, incremental contract costs are capitalized if the Company expects to recover these costs. These costs are only capitalized if the contract is obtained. The costs are amortized over the contract term and expected renewal periods. The period of amortization is generally three to six years. Incremental costs are related to commissions in the TS portion of the business. Current capitalized contract costs are within the account other current assets on the consolidated balance sheets for the periods ended December 31, 2018 and September 30, 2018. The portion of current capitalized costs was $48 thousand and $71 thousand as of December 31, 2018 and October 1, 2018, respectively. There are no non-current capitalized costs on the consolidated balance sheets. The amount of incremental costs amortized for the three months ended December 31, 2018 was $52 thousand, which is recorded in selling, general, and administrative expenses. There was no impairment related to incremental costs capitalized. Costs to fulfill a contract are capitalized when the costs are related to a contract or anticipated contract, generate or enhance resources that will be used in satisfying performance obligations in the future, and costs are recoverable. Costs to fulfill a contract are related to the TS portion of the business and involve activities performed before managed services can be completed. Current capitalized fulfillment costs are within the account other current assets on the consolidated balance sheets. The portion of current capitalized costs was $59 thousand and $56 thousand as of December 31, 2018 and October 1, 2018, respectively. There are no non-current capitalized fulfillment costs on the consolidated balance sheets. The amount of fulfillment costs amortized for the three months ended December 31, 2018 was $3 thousand, which is recorded in cost of sales. There was no impairment related to fulfillment costs capitalized. Other Projects are typically billed upon completion or at certain milestones. Product and services are typically billed when shipped or as services are being performed. Payment terms are typically 30 days to pay in full except in Europe where it could be up to 90 days . Most of the Company’s contracts are less than one year. As a practical expedient, the Company has elected not to adjust the amount of consideration for effects of a significant financing component when it is anticipated the promised good or service will be transferred and the subsequent payment will be one year or less. The Company elected to use the optional exemption to not disclose the aggregate amount of the transaction price allocated to performance obligations that have an original expected duration of one year or less. This is due to a low amount of performance obligations less than one year being unsatisfied at each period end. Most of these contracts are related to product sales. The Company has certain contracts that have an original term of more than one year. The royalty agreement is longer than one year and managed service contracts are longer than one year. For these contracts the aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied or partially unsatisfied as of December 31, 2018 is $6.3 million . This revenue is expected to be recognized over 5 years and relates mainly to managed service contracts.

Earnings Per Share of Common St

Earnings Per Share of Common Stock	3 Months Ended
	Dec. 31, 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 December 31, 2018 December 31, 2017 (Amounts in thousands except per share data) Income (loss) from continuing operations $ 50 $ (995 ) Loss from discontinued operations — (205 ) Net income (loss) 50 (1,200 ) Less: net income attributable to nonvested common stock 2 — Net income (loss) attributable to common stockholders $ 48 $ (1,200 ) Weighted average total shares outstanding – basic 4,018 3,768 Less: weighted average non-vested shares outstanding 150 — Weighted average number of common shares outstanding – basic 3,868 3,768 Potential common shares from non-vested stock awards and the assumed exercise of stock options 98 — Weighted average common shares outstanding – diluted 3,966 3,768 Net income (loss) from continuing operations per share – basic $ 0.01 $ (0.26 ) Net loss from discontinued operations per share – basic $ — $ (0.06 ) Net income (loss) share – basic $ 0.01 $ (0.32 ) Net income (loss) from continuing operations per share – diluted $ 0.01 $ (0.26 ) Net loss from discontinued operations per share – diluted $ — $ (0.06 ) Net income (loss) per share – diluted $ 0.01 $ (0.32 ) Non-vested restricted stock awards of 170,000 shares were excluded from the diluted loss per share calculation for the three months ended December 31, 2017, as there was a net loss and their inclusion would have been anti-dilutive.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: December 31, 2018 September 30, 2018 (Amounts in thousands) Raw materials $ 898 $ 1,098 Work-in-process 280 226 Finished goods 5,612 6,234 Total $ 6,790 $ 7,558 Finished goods includes inventory that has been shipped, but for which all revenue recognition criteria has not been met, of approximately $1.2 million and $0.7 million as of December 31, 2018 and September 30, 2018 , respectively. Total inventory balances in the table above are shown net of reserves for obsolescence of approximately $3.4 million and $3.3 million as of December 31, 2018 and September 30, 2018 , respectively.

Deferred Costs (Notes)

Deferred Costs (Notes)	3 Months Ended
	Dec. 31, 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 are included in other current assets on the consolidated balance sheets and 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss are as follows: December 31, 2018 September 30, 2018 (Amounts in thousands) Cumulative effect of foreign currency translation $ (4,516 ) $ (4,346 ) Cumulative unrealized loss on pension liability (6,479 ) (6,479 ) Accumulated other comprehensive loss $ (10,995 ) $ (10,825 )

Income Taxes (Notes)

Income Taxes (Notes)	3 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense was $2 thousand for the three months ended December 31, 2018 compared to income tax expense of $1.2 million in the same period of 2017 due primarily to the enactment of the Tax Cuts and Jobs Act. The income tax expense for the three months ended December 31, 2018 was due to the tax expense related to FASB Interpretation No. 48 ("FIN 48") Accounting for Uncertainties in Income Taxes. The U.K. did not have any tax expense in the first quarter of fiscal year 2019 due to the utilization of a portion of its net tax operating loss. 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	3 Months Ended
	Dec. 31, 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 U.K. and in the U.S. The Company's discontinued operations had a defined benefit and defined contribution plan in Germany, which was assumed by Reply AG in its acquisition of the Company's operations in Germany (see Note 13 below). In the U.K., 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 U.K. 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 December 31, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 91 $ 6 $ 97 $ 91 $ 7 $ 98 Expected return on plan assets (77 ) — (77 ) (75 ) — (75 ) Amortization of net gain (loss) 38 (1 ) 37 43 (1 ) 42 Net periodic benefit cost from continuing operations 52 5 57 59 6 65 Net periodic benefit cost from discontinued operations — — — 52 — 52 Net periodic benefit cost $ 52 $ 5 $ 57 $ 111 $ 6 $ 117 Post Retirement: Service cost $ — $ 9 $ 9 $ — $ 10 $ 10 Interest cost — 13 13 — 12 12 Amortization of net gain (loss) — (5 ) (5 ) — (4 ) (4 ) Net periodic cost $ — $ 17 $ 17 $ — $ 18 $ 18 The fair value of the assets held by the U.K. pension plan by asset category are as follows: Fair Values as of December 31, 2018 September 30, 2018 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 $ 32 $ 32 $ — $ — $ 36 $ 36 $ — $ — Pooled funds 7,744 7,744 — — 8,234 8,234 — — Total plan assets $ 7,776 $ 7,776 $ — $ — $ 8,270 $ 8,270 $ — $ —

Segment Information

Segment Information	3 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The following tables present certain operating segment information for the three months ended December 31, 2018 and December 31, 2017 . Technology Solutions Segment For the three months ended December 31, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,733 $ 1,732 $ 12,246 $ 13,978 $ 15,711 Service 293 70 2,906 2,976 3,269 Total sales 2,026 1,802 15,152 16,954 18,980 Income (loss) from operations (827 ) 26 816 842 15 Total assets 14,059 13,110 27,426 40,536 54,595 Capital expenditures 203 — 30 30 233 Depreciation and amortization 53 2 51 53 106 2017 Sales: Product $ 1,607 $ 2,542 $ 9,520 $ 12,062 $ 13,669 Service 863 165 1,933 2,098 2,961 Total sales 2,470 2,707 11,453 14,160 16,630 Income (loss) from operations (382 ) 142 405 547 165 Assets from continuing operations 16,613 2,520 19,784 22,304 38,917 Assets from discontinued operations — — — — 21,000 Total assets 16,613 2,520 19,784 22,304 59,917 Capital expenditures 10 — 34 34 44 Depreciation and amortization 56 1 67 68 124 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. 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 months ended December 31, 2018 , and 2017 . For the three months ended December 31, 2018 2017 Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues (Dollar amounts in millions) Customer A $ 0.1 1 % $ 2.0 12 % Accounts receivable from Customer A was less than 10% of total consolidated accounts receivable as of December 31, 2018 and September 30, 2018. One additional customer, Customer B, accounted for accounts receivable of 10% or more as of December 31, 2018, but did not account for revenue of 10% or more for the three months ended December 31, 2018. Accounts receivable from Customer B totaled approximately $2.0 million , or 12% , and approximately $0.2 million , or 2% , of total consolidated accounts receivable as of December 31, 2018 and September 30, 2018, respectively. We believe that the Company is not exposed to any significant credit risk with respect to the accounts receivable with these customers as of December 31, 2018 .

Dividend

Dividend	3 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Dividend	Dividends On December 27, 2018, the Company's board of directors declared a cash dividend of $0.15 per share which was paid on January 22, 2019 to shareholders of record as of January 7, 2019, the record date.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting standards recently adopted In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (ASC 606) , 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 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. The ASU replaces most existing revenue recognition guidance in GAAP. The new standard was adopted by the Company effective October 1, 2018 using the modified retrospective approach only to contracts that were not completed as of adoption date. The Company recognized the cumulative effect of initial application as an adjustment to the opening balance of retained earnings. This resulted in an increase of $158 thousand to retained earnings as of October 1, 2018. This was primarily due to revenue related to customer support in the HPP segment no longer being deferred, which resulted in a decrease of deferred revenue as part of the cumulative effect. Additionally, revenue from software sales is no longer being deferred under ASC 606 as recognition is now when control transfers to the customer. There were no previous period financial statement adjustments. The effects of ASC 606 adoption for the Company for the condensed consolidated statements of operations and balance sheets are as follows: Three months ended December 31, 2018 (Amounts in thousands, except per share amounts) As Reported Balances without adoption of ASC 606 Effect of change Higher/(Lower) Total sales $ 18,980 $ 18,874 $ 106 Total cost of sales 14,631 14,500 131 Gross profit 4,349 4,374 (25 ) Operating income 15 40 (25 ) Income tax expense 2 3 (1 ) Net income 50 74 (24 ) Net income attributable to common stockholders $ 48 $ 71 $ (23 ) Basic earnings per share $ 0.01 $ 0.02 $ (0.01 ) Diluted earnings per share $ 0.01 $ 0.02 $ (0.01 ) As of December 31, 2018 (Amounts in thousands) As Reported Balances without adoption of ASC 606 Effect of change Higher/(Lower) Assets: Accounts receivable $ 17,208 $ 17,071 $ 137 Unbilled accounts receivable — 646 (646 ) Inventories 6,790 7,108 (318 ) Other current assets 2,318 1,657 661 Deferred tax asset 1,837 1,832 5 Liabilities: Deferred revenue $ 738 $ 1,122 $ (384 ) Shareholders' Equity: Retained Earnings $ 29,531 $ 29,373 $ 158 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. Beginning October 1, 2018, the Company adopted the ASU and it did not have a material impact on our consolidated financial statements. 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. Beginning October 1, 2018, the Company adopted the ASU and it did not have a material impact on our consolidated financial statements. 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. Beginning October 1, 2018, the Company adopted the ASU and it did not have a material impact on our consolidated financial statements. 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. 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. Beginning October 1, 2018, the Company adopted the ASU and it did not have a material impact on our consolidated financial statements. New accounting standards not adopted as of December 31, 2018 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 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. The Company is evaluating the effect that ASU 2018-02 will have on its consolidated financial statements and related disclosures. In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting , an amendment of the FASB Accounting Standards Codification. Under this ASU companies will no longer be required to value non-employee awards differently from employee awards, but the accounting remains different for attribution and a contractual term election for valuing nonemployee equity share options. Equity-classified awards to nonemployees will now be measured at the grant date using fair value of the equity instruments the company is obligated to issue and recognition is associated with the probable outcome. Awards are subsequently measured using stock compensation guidance unless they are modified after the nonemployee stops providing goods or services. Existing disclosure requirements within the stock compensation guidance also apply to nonemployee awards. For public entities, the new standard is effective for annual periods beginning after December 15, 2018, including interim periods within that fiscal year. The Company is evaluating the effect that ASU 2018-07 will have on its consolidated financial statements and related disclosures. In August 2018, the FASB issued ASU No. 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20) , Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans, an amendment of the FASB Accounting Standards Codification. Under this ASU existing disclosures not considered cost beneficial are removed, disclosures identified as relevant are added, and there is added clarification regarding specific existing disclosures. For public entities, the new standard is effective for annual periods beginning after December 15, 2020. The Company is evaluating the effect that ASU 2018-14 will have on its consolidated financial statements and related disclosures.

Discontinued Operations of TS S

Discontinued Operations of TS Segment (Notes)	3 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations of TS Segment	Discontinued Operations of TS Segment On July 31, 2018, CSPi LTD, a wholly owned indirect subsidiary of the Company, completed its sale of all of the outstanding stock of Modcomp GmbH, to Reply AG, an affiliate of Reply SpA, a holding company for a worldwide group of companies, pursuant to the terms of a Share Purchase and Assignment Agreement dated June 27, 2018. Modcomp GmbH, dba 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 $14.4 million, which consisted of the original purchase price of $11.7 million plus an adjustment at closing for Net Cash (as defined in the Share Purchase Agreement) of approximately $2.7 million . An additional €400 thousand is included in escrow and will be recorded if and when received by the Company. Accordingly, CSPi determined that the assets and liabilities of this reportable segment met the discontinued operations criteria in U.S. GAAP in the year ended September 30, 2018. The gain recorded due to the sale of all the stock of Modcomp GmbH was approximately $16.8 million . No income taxes were provided as the transaction was a tax-free exchange in the U.K. As such, Modcomp GmbH's results have been recorded as discontinued operations in the accompanying consolidated balance sheets and consolidated statements of operations for all periods presented. Summarized Discontinued Operations Financial Information The following table summarizes the results of discontinued operations for the three months ended December 31, 2018, and December 31, 2017. For the three months ended December 31, 2018 December 31, 2017 (Amounts in thousands) Sales $ — $ 5,369 Cost of sales — 4,599 Gross profit — 770 Selling, general and administrative expenses — 928 Operating loss — (158 ) Other expenses — (98 ) Loss before income taxes — (256 ) Income tax benefit — (51 ) Loss from discontinued operations, net of tax $ — $ (205 )

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenue	See disaggregated revenues below by products/services and geography. Technology Solutions Segment For the three months ended December 31, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,733 $ 1,732 $ 12,209 $ 13,941 $ 15,674 Service 293 70 2,906 2,976 3,269 Finance * — — 37 37 37 Total sales $ 2,026 $ 1,802 $ 15,152 $ 16,954 $ 18,980

Earnings Per Share of Common _2

Earnings Per Share of Common Stock (Tables)	3 Months Ended
	Dec. 31, 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 December 31, 2018 December 31, 2017 (Amounts in thousands except per share data) Income (loss) from continuing operations $ 50 $ (995 ) Loss from discontinued operations — (205 ) Net income (loss) 50 (1,200 ) Less: net income attributable to nonvested common stock 2 — Net income (loss) attributable to common stockholders $ 48 $ (1,200 ) Weighted average total shares outstanding – basic 4,018 3,768 Less: weighted average non-vested shares outstanding 150 — Weighted average number of common shares outstanding – basic 3,868 3,768 Potential common shares from non-vested stock awards and the assumed exercise of stock options 98 — Weighted average common shares outstanding – diluted 3,966 3,768 Net income (loss) from continuing operations per share – basic $ 0.01 $ (0.26 ) Net loss from discontinued operations per share – basic $ — $ (0.06 ) Net income (loss) share – basic $ 0.01 $ (0.32 ) Net income (loss) from continuing operations per share – diluted $ 0.01 $ (0.26 ) Net loss from discontinued operations per share – diluted $ — $ (0.06 ) Net income (loss) per share – diluted $ 0.01 $ (0.32 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following: December 31, 2018 September 30, 2018 (Amounts in thousands) Raw materials $ 898 $ 1,098 Work-in-process 280 226 Finished goods 5,612 6,234 Total $ 6,790 $ 7,558

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive loss are as follows: December 31, 2018 September 30, 2018 (Amounts in thousands) Cumulative effect of foreign currency translation $ (4,516 ) $ (4,346 ) Cumulative unrealized loss on pension liability (6,479 ) (6,479 ) Accumulated other comprehensive loss $ (10,995 ) $ (10,825 )

Pension and Retirement Plans (T

Pension and Retirement Plans (Tables)	3 Months Ended
	Dec. 31, 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 December 31, 2018 September 30, 2018 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 $ 32 $ 32 $ — $ — $ 36 $ 36 $ — $ — Pooled funds 7,744 7,744 — — 8,234 8,234 — — Total plan assets $ 7,776 $ 7,776 $ — $ — $ 8,270 $ 8,270 $ — $ —
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 December 31, 2018 2017 Foreign U.S. Total Foreign U.S. Total (Amounts in thousands) Pension: Interest cost $ 91 $ 6 $ 97 $ 91 $ 7 $ 98 Expected return on plan assets (77 ) — (77 ) (75 ) — (75 ) Amortization of net gain (loss) 38 (1 ) 37 43 (1 ) 42 Net periodic benefit cost from continuing operations 52 5 57 59 6 65 Net periodic benefit cost from discontinued operations — — — 52 — 52 Net periodic benefit cost $ 52 $ 5 $ 57 $ 111 $ 6 $ 117 Post Retirement: Service cost $ — $ 9 $ 9 $ — $ 10 $ 10 Interest cost — 13 13 — 12 12 Amortization of net gain (loss) — (5 ) (5 ) — (4 ) (4 ) Net periodic cost $ — $ 17 $ 17 $ — $ 18 $ 18

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Dec. 31, 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 months ended December 31, 2018 and December 31, 2017 . Technology Solutions Segment For the three months ended December 31, High Performance Products Segment United Kingdom U.S. Total Consolidated Total (Amounts in thousands) 2018 Sales: Product $ 1,733 $ 1,732 $ 12,246 $ 13,978 $ 15,711 Service 293 70 2,906 2,976 3,269 Total sales 2,026 1,802 15,152 16,954 18,980 Income (loss) from operations (827 ) 26 816 842 15 Total assets 14,059 13,110 27,426 40,536 54,595 Capital expenditures 203 — 30 30 233 Depreciation and amortization 53 2 51 53 106 2017 Sales: Product $ 1,607 $ 2,542 $ 9,520 $ 12,062 $ 13,669 Service 863 165 1,933 2,098 2,961 Total sales 2,470 2,707 11,453 14,160 16,630 Income (loss) from operations (382 ) 142 405 547 165 Assets from continuing operations 16,613 2,520 19,784 22,304 38,917 Assets from discontinued operations — — — — 21,000 Total assets 16,613 2,520 19,784 22,304 59,917 Capital expenditures 10 — 34 34 44 Depreciation and amortization 56 1 67 68 124
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 months ended December 31, 2018 , and 2017 . For the three months ended December 31, 2018 2017 Customer Revenues % of Total Revenues Customer Revenues % of Total Revenues (Dollar amounts in millions) Customer A $ 0.1 1 % $ 2.0 12 %

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Tables)	3 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The effects of ASC 606 adoption for the Company for the condensed consolidated statements of operations and balance sheets are as follows: Three months ended December 31, 2018 (Amounts in thousands, except per share amounts) As Reported Balances without adoption of ASC 606 Effect of change Higher/(Lower) Total sales $ 18,980 $ 18,874 $ 106 Total cost of sales 14,631 14,500 131 Gross profit 4,349 4,374 (25 ) Operating income 15 40 (25 ) Income tax expense 2 3 (1 ) Net income 50 74 (24 ) Net income attributable to common stockholders $ 48 $ 71 $ (23 ) Basic earnings per share $ 0.01 $ 0.02 $ (0.01 ) Diluted earnings per share $ 0.01 $ 0.02 $ (0.01 ) As of December 31, 2018 (Amounts in thousands) As Reported Balances without adoption of ASC 606 Effect of change Higher/(Lower) Assets: Accounts receivable $ 17,208 $ 17,071 $ 137 Unbilled accounts receivable — 646 (646 ) Inventories 6,790 7,108 (318 ) Other current assets 2,318 1,657 661 Deferred tax asset 1,837 1,832 5 Liabilities: Deferred revenue $ 738 $ 1,122 $ (384 ) Shareholders' Equity: Retained Earnings $ 29,531 $ 29,373 $ 158

Discontinued Operations of TS_2

Discontinued Operations of TS Segment (Tables)	3 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the results of discontinued operations for the three months ended December 31, 2018, and December 31, 2017. For the three months ended December 31, 2018 December 31, 2017 (Amounts in thousands) Sales $ — $ 5,369 Cost of sales — 4,599 Gross profit — 770 Selling, general and administrative expenses — 928 Operating loss — (158 ) Other expenses — (98 ) Loss before income taxes — (256 ) Income tax benefit — (51 ) Loss from discontinued operations, net of tax $ — $ (205 )

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	3 Months Ended
	Dec. 31, 2018	Sep. 30, 2018
Capitalized Contract Cost [Line Items]
Managed service contracts, right to refund, period	30 days
Current contract assets	$ 646,000	$ 1,200,000
Contract assets that become unconditional and reclassified as a receivable	918,000
Current contract liabilities	738,000	1,100,000
Revenue recognized included in contract liabilities	1,600,000
Incremental costs amortized	52,000
Current capitalized costs	48,000	71,000
Impairment related to incremental costs capitalized	$ 0
Payments terms	30 days
Performance obligations unsatisfied or partially unsatisfied	$ 6,300,000
Revenue expected to be recognized, period	5 years
Europe
Capitalized Contract Cost [Line Items]
Payments terms	90 days
Total
Capitalized Contract Cost [Line Items]
Incremental costs amortized	$ 3,000
Current capitalized costs	59,000	$ 56,000
Impairment related to incremental costs capitalized	$ 0

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2018USD ($)
Revenue from External Customer [Line Items]
Sales	$ 18,980
Product
Revenue from External Customer [Line Items]
Sales	15,674
Service
Revenue from External Customer [Line Items]
Sales	3,269
Finance
Revenue from External Customer [Line Items]
Sales	37
High Performance Products Segment
Revenue from External Customer [Line Items]
Sales	2,026
High Performance Products Segment | Product
Revenue from External Customer [Line Items]
Sales	1,733
High Performance Products Segment | Service
Revenue from External Customer [Line Items]
Sales	293
High Performance Products Segment | Finance
Revenue from External Customer [Line Items]
Sales	0
United Kingdom
Revenue from External Customer [Line Items]
Sales	1,802
United Kingdom | Product
Revenue from External Customer [Line Items]
Sales	1,732
United Kingdom | Service
Revenue from External Customer [Line Items]
Sales	70
United Kingdom | Finance
Revenue from External Customer [Line Items]
Sales	0
U.S.
Revenue from External Customer [Line Items]
Sales	15,152
U.S. | Product
Revenue from External Customer [Line Items]
Sales	12,209
U.S. | Service
Revenue from External Customer [Line Items]
Sales	2,906
U.S. | Finance
Revenue from External Customer [Line Items]
Sales	37
Total
Revenue from External Customer [Line Items]
Sales	16,954
Total | Product
Revenue from External Customer [Line Items]
Sales	13,941
Total | Service
Revenue from External Customer [Line Items]
Sales	2,976
Total | Finance
Revenue from External Customer [Line Items]
Sales	$ 37

Earnings Per Share of Common _3

Earnings Per Share of Common Stock (Detail)	3 Months Ended
	Dec. 31, 2018shares
Earnings Per Share [Abstract]
Weighted Average Number Diluted Shares Outstanding Adjustment	170,000

Earnings Per Share of Common _4

Earnings Per Share of Common Stock (Detail) - Basic and diluted earnings per share computations - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Weighted Average Number Diluted Shares Outstanding Adjustment	170,000
Net income (loss) from continuing operations	$ 50	$ (1,200)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	50	(995)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	(205)
Less: Net income attributable to nonvested common stock (in Dollars)	2	0
Net income attributable to common stockholders (in Dollars)	$ 48	$ (1,200)
Weighted average total shares outstanding – basic	4,018,000	3,768,000
Less: weighted average non-vested shares outstanding	150,000	0
Weighted average number of common shares outstanding – basic	3,868,000	3,768,000
Potential common shares from non-vested stock awards and the assumed exercise of stock options	98,000	0
Weighted average common shares outstanding – diluted	3,966,000	3,768,000
Income (Loss) from Continuing Operations, Per Basic Share	$ 0.01	$ (0.26)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	0	(0.06)
Earnings Per Share, Basic	0.01	(0.32)
Income (Loss) from Continuing Operations, Per Diluted Share	0.01	(0.26)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	0	(0.06)
Earnings Per Share, Diluted	$ 0.01	$ (0.32)

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2018	Sep. 30, 2018
Inventory Disclosure [Abstract]
Finished goods inventory that has been shipped, but for which all revenue recognition criteria has not been met	$ 1.2	$ 0.7
Reservce for obsolescence	$ 3.4	$ 3.3

Inventories (Detail) - Inventor

Inventories (Detail) - Inventories - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 898	$ 1,098
Work-in-process	280	226
Finished goods	5,612	6,234
Total	$ 6,790	$ 7,558

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Detail) - Components of Accumulated Other Comprehensive Loss - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Equity [Abstract]
Cumulative effect of foreign currency translation	$ (4,516)	$ (4,346)
Cumulative unrealized loss on pension liability	(6,479)	(6,479)
Accumulated other comprehensive loss	$ (10,995)	$ (10,825)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Abstract]
Income tax expense	$ 2	$ 1,153

Pension and Retirement Plans (D

Pension and Retirement Plans (Detail) - Components of net periodic benefit costs - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pension:
Pension:
Interest cost	$ 97	$ 98
Expected return on plan assets	(77)	(75)
Amortization of:
Amortization of net gain (loss)	37	42
Net periodic benefit cost from continuing operations	57	117
Post Retirement:
Pension:
Service cost	9	10
Interest cost	13	12
Amortization of:
Amortization of net gain (loss)	(5)	(4)
Net periodic benefit cost from continuing operations	17	18
Foreign | Pension:
Pension:
Interest cost	91	91
Expected return on plan assets	(77)	(75)
Amortization of:
Amortization of net gain (loss)	38	43
Net periodic benefit cost from continuing operations	52	111
Foreign | Post Retirement:
Pension:
Service cost	0	0
Interest cost	0	0
Amortization of:
Amortization of net gain (loss)	0	0
Net periodic benefit cost from continuing operations	0	0
U.S. | Pension:
Pension:
Interest cost	6	7
Expected return on plan assets	0	0
Amortization of:
Amortization of net gain (loss)	(1)	(1)
Net periodic benefit cost from continuing operations	5	6
U.S. | Post Retirement:
Pension:
Service cost	9	10
Interest cost	13	12
Amortization of:
Amortization of net gain (loss)	(5)	(4)
Net periodic benefit cost from continuing operations	17	18
Continuing Operations | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	57	65
Continuing Operations | Foreign | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	52	59
Continuing Operations | U.S. | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	5	6
Discontinued Operations | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	0	52
Discontinued Operations | Foreign | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	0	52
Discontinued Operations | U.S. | Pension:
Amortization of:
Net periodic benefit cost from continuing operations	$ 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	Dec. 31, 2018	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	$ 7,776	$ 8,270
Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	32	36
Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	7,744	8,234
Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	7,776	8,270
Level 1 | Cash On Deposit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	32	36
Level 1 | Pooled Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets	7,744	8,234
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
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Sales:
Product	$ 15,711	$ 13,669
Service	3,269	2,961
Total sales	18,980	16,630
Income (loss) from operations	15	165
Assets from continuing operations	54,595	59,917	$ 55,275
Disposal Group, Including Discontinued Operation, Assets		21,000
Capital expenditures	233	44
Depreciation and amortization	106	124
High Performance Products Segment
Sales:
Product	1,733	1,607
Service	293	863
Total sales	2,026	2,470
Income (loss) from operations	(827)	(382)
Assets from continuing operations	14,059	16,613
Capital expenditures	203	10
Depreciation and amortization	53	56
United Kingdom
Sales:
Product	1,732	2,542
Service	70	165
Total sales	1,802	2,707
Income (loss) from operations	26	142
Assets from continuing operations	13,110	2,520
Capital expenditures	0	0
Depreciation and amortization	2	1
U.S.
Sales:
Product	12,246	9,520
Service	2,906	1,933
Total sales	15,152	11,453
Income (loss) from operations	816	405
Assets from continuing operations	27,426	19,784
Capital expenditures	30	34
Depreciation and amortization	51	67
Total
Sales:
Product	13,978	12,062
Service	2,976	2,098
Total sales	16,954	14,160
Income (loss) from operations	842	547
Assets from continuing operations	40,536	22,304
Capital expenditures	30	34
Depreciation and amortization	$ 53	68
Continuing Operations
Sales:
Assets from continuing operations		38,917
Continuing Operations | High Performance Products Segment
Sales:
Assets from continuing operations		16,613
Continuing Operations | United Kingdom
Sales:
Assets from continuing operations		2,520
Continuing Operations | U.S.
Sales:
Assets from continuing operations		19,784
Continuing Operations | Total
Sales:
Assets from continuing operations		$ 22,304

Segment Information (Detail) _2

Segment Information (Detail) - Major customers - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Segment Reporting Information [Line Items]
Segment Reporting, Disclosure of Major Customers	0.1	.1
percent of accounts receivable	10.00%	10.00%
Customer A
Segment Reporting Information [Line Items]
Amount (in Dollars)	$ 0.1	$ 2
% of Total Revenues	1.00%	12.00%
Customer B
Segment Reporting Information [Line Items]
Accounts Receivable, Gross	$ 2		$ 0.2
concentration risk, percentage, accounts receivable	12.00%		2.00%

Dividend (Detail)

Dividend (Detail)	3 Months Ended
	Dec. 31, 2018$ / shares
Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.15
Dividends per share	$ 0.15

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Condensed Consolidated Statements of Operations and Balance Sheets (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Oct. 01, 2018	Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect of initial application	$ 158
Income Statement [Abstract]
Total sales	18,980
Total cost of sales	14,631	$ 12,267
Gross profit	4,349	4,363
Operating income	15	165
Income tax expense	2	1,153
Net income	50	(995)
Net income (loss) attributable to common stockholders	$ 48	$ (1,200)
Basic earnings per share (usd per share)	$ 0.01	$ (0.32)
Diluted earnings per share (usd per share)	$ 0.01	$ (0.32)
Assets:
Accounts receivable	$ 17,208			$ 11,980
Unbilled accounts receivable	0			1,166
Inventories	6,790			7,558
Other current assets	2,318			1,878
Deferred tax asset	1,837			1,895
Liabilities:
Deferred revenue	738
Shareholders' Equity:
Retained earnings	29,531			$ 29,926
Balances without adoption of ASC 606
Income Statement [Abstract]
Total sales	18,874
Total cost of sales	14,500
Gross profit	4,374
Operating income	40
Income tax expense	3
Net income	74
Net income (loss) attributable to common stockholders	$ 71
Basic earnings per share (usd per share)	$ 0
Diluted earnings per share (usd per share)	$ 0
Assets:
Accounts receivable	$ 17,071
Unbilled accounts receivable	646
Inventories	7,108
Other current assets	1,657
Deferred tax asset	1,832
Liabilities:
Deferred revenue	1,122
Shareholders' Equity:
Retained earnings	29,373
Effect of change Higher/(Lower) | Accounting Standards Update 2014-09
Income Statement [Abstract]
Total sales	106
Total cost of sales	131
Gross profit	(25)
Operating income	(25)
Income tax expense	(1)
Net income	(24)
Net income (loss) attributable to common stockholders	$ (23)
Basic earnings per share (usd per share)	$ 0
Diluted earnings per share (usd per share)	$ 0
Assets:
Accounts receivable	$ 137
Unbilled accounts receivable	(646)
Inventories	(318)
Other current assets	661
Deferred tax asset	5
Liabilities:
Deferred revenue	(384)
Shareholders' Equity:
Retained earnings	$ 158
Retained Earnings | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect of initial application			$ 158

Discontinued Operations of TS_3

Discontinued Operations of TS Segment (Details) - Modcom GmbH € in Thousands, $ in Thousands	Jul. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jul. 31, 2018EUR (€)	Jul. 31, 2018USD ($)
Disposal Group, Not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash at closing					$ 14,400
Original purchase price					11,700
Adjustment at closing					$ 2,700
Amount in escrow | €				€ 400
Gain recorded due to sale of stock	$ 16,800
Discontinued Operations, Held-for-sale
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Sales		$ 0	$ 5,369
Cost of sales		0	4,599
Gross profit		0	770
Selling, general and administrative expenses		0	928
Operating loss		0	(158)
Other expenses		0	(98)
Loss before income taxes		0	(256)
Income tax benefit		0	(51)
Loss from discontinued operations, net of tax		$ 0	$ (205)