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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Sep. 30, 2014	Nov. 17, 2014	Mar. 31, 2014
Document and Entity Information
Entity Registrant Name	LIQUIDITY SERVICES INC
Entity Central Index Key	0001235468
Document Type	10-K
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 691,811.49
Entity Common Stock, Shares Outstanding		29,925,911
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013
Current assets:
Cash and cash equivalents	$ 62,598	$ 95,109
Accounts receivable, net of allowance for doubtful accounts of $1,042 and $891 in 2014 and 2013, respectively	21,688	24,050
Inventory	78,478	29,261
Prepaid and deferred taxes	16,777	11,243
Prepaid expenses and other current assets	5,156	4,802
Total current assets	184,697	164,465
Property and equipment, net	12,283	10,380
Intangible assets, net	17,099	28,205
Goodwill	209,656	211,711
Other assets	7,983	6,583
Total assets	431,718	421,344
Current liabilities:
Accounts payable	15,994	16,539
Accrued expenses and other current liabilities	44,484	34,825
Profit-sharing distributions payable	4,740	4,315
Customer payables	41,544	29,497
Total current liabilities	106,762	85,176
Acquisition earn out payable		18,390
Other long-term liabilities	7,973	2,899
Total liabilities	114,735	106,465
Stockholders' equity:
Common stock, $0.001 par value; 120,000,000 shares authorized; 29,668,150 shares issued and outstanding at September 30, 2014; 31,811,764 shares issued and outstanding at September 30, 2013	28	31
Additional paid-in capital	204,704	206,861
Accumulated other comprehensive income	(3,451)	518
Retained earnings	115,702	107,469
Total stockholders' equity	316,983	314,879
Total liabilities and stockholders' equity	$ 431,718	$ 421,344

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013
Consolidated Balance Sheets
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 1,042	$ 891
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	120,000,000	120,000,000
Common stock, shares issued	29,668,150	31,811,764
Common stock, shares outstanding	29,668,150	31,811,764

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Operations
Revenue	$ 388,671	$ 404,041	$ 415,829
Fee revenue	106,990	101,815	59,475
Total revenue from operations	495,661	505,856	475,304
Costs and expenses:
Cost of goods sold (excluding amortization)	211,659	199,494	198,123
Profit-sharing distributions	35,055	35,944	43,242
Technology and operations	108,940	90,052	67,553
Sales and marketing	41,951	40,170	31,252
General and administrative	49,428	48,950	37,107
Amortization of contract intangibles	7,265	7,265	7,943
Depreciation and amortization	9,330	10,109	6,223
Acquisition costs	(18,384)	5,921	1,695
Total costs and expenses	445,244	437,905	393,138
Income from operations	50,417	67,951	82,166
Interest and other expense (income), net	370	(704)	2,218
Income before provision for income taxes	50,047	68,655	79,948
Provision for income taxes	19,657	27,551	31,652
Net income	$ 30,390	$ 41,104	$ 48,296
Basic earnings per common share (in dollars per share)	$ 0.97	$ 1.30	$ 1.57
Diluted earnings per common share (in dollars per share)	$ 0.97	$ 1.26	$ 1.47
Basic weighted average shares outstanding (in shares)	31,243,932	31,616,926	30,854,796
Diluted weighted average shares outstanding (in shares)	31,395,301	32,657,236	32,783,079

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements of Comprehensive Income
Net income	$ 30,390	$ 41,104	$ 48,296
Other comprehensive (loss) income:
Defined benefit pension plan - unrecognized amounts, net of taxes	(927)	563	584
Foreign currency translation	(3,042)	(1,291)	610
Other comprehensive (loss) income, net of taxes	(3,969)	(728)	1,194
Comprehensive income	$ 26,421	$ 40,376	$ 49,490

Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Treasury Stock	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total
Balance at Sep. 30, 2011	$ (21,884,000)	$ 29,000	$ 124,886,000	$ 52,000	$ 58,330,000	$ 161,413,000
Balance (in shares) at Sep. 30, 2011	(2,162,056)	31,192,608
Increase (Decrease) in Stockholders' Equity
Common stock repurchase	$ (29,999,000)					(29,999,000)
Common stock repurchase (in shares)	(505,067)
Common stock retired	$ 51,883,000		(11,622,000)		(40,261,000)
Common stock retired (in shares)	2,667,123	(2,667,123)
Exercise of common stock options and restricted stock		$ 1,000	15,490,000			15,491,000
Exercise of common stock options and restricted stock (in shares)		1,712,455
Stock consideration paid for acquisition		$ 1,000	24,537,000			24,538,000
Stock consideration paid for acquisition (in shares)		900,171
Compensation expense and incremental tax benefit from grant of common stock options and restricted stock			29,070,000			29,070,000
Net income					48,296,000	48,296,000
Defined benefit pension plan - unrecognized amounts, net of taxes				584,000		584,000
Foreign currency translation				610,000		610,000
Balance at Sep. 30, 2012		$ 31,000	182,361,000	1,246,000	66,365,000	250,003,000
Balance (in shares) at Sep. 30, 2012		31,138,111
Increase (Decrease) in Stockholders' Equity
Exercise of common stock options and restricted stock			2,532,000			2,532,000
Exercise of common stock options and restricted stock (in shares)		673,653
Compensation expense and incremental tax benefit from grant of common stock options and restricted stock			21,968,000			21,968,000
Net income					41,104,000	41,104,000
Defined benefit pension plan - unrecognized amounts, net of taxes				563,000		563,000
Foreign currency translation				(1,291,000)		(1,291,000)
Balance at Sep. 30, 2013		$ 31,000	206,861,000	518,000	107,469,000	314,879,000
Balance (in shares) at Sep. 30, 2013		31,811,764
Increase (Decrease) in Stockholders' Equity
Common stock repurchase	$ (44,870,000)	$ (3,000)				$ (44,873,000)
Common stock repurchase (in shares)	(2,962,978)					(2,962,978)
Common stock retired	$ 44,870,000		(22,713,000)		(22,157,000)
Common stock retired (in shares)	2,962,978	(2,962,978)
Exercise of common stock options and restricted stock			4,146,000			$ 4,146,000
Exercise of common stock options and restricted stock (in shares)		819,364
Compensation expense and incremental tax benefit from grant of common stock options and restricted stock			16,410,000			16,410,000
Net income					30,390,000	30,390,000
Defined benefit pension plan - unrecognized amounts, net of taxes				(927,000)		(927,000)
Foreign currency translation				(3,042,000)		(3,042,000)
Balance at Sep. 30, 2014		$ 28,000	$ 204,704,000	$ (3,451,000)	$ 115,702,000	$ 316,983,000
Balance (in shares) at Sep. 30, 2014		29,668,150

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Operating activities
Net income	$ 30,390	$ 41,104	$ 48,296
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and amortization	16,595	17,374	14,166
Gain on early extinguishment of debt		(1,000)
Change in fair value of earn out liability	(18,390)	5,437	(664)
Stock compensation expense	12,605	13,379	12,117
Provision (benefit) for inventory allowance	271	(1,122)	884
Provision (benefit) for doubtful accounts	151	(357)	117
Deferred tax expense (benefit)	828	(6,852)	(1,719)
Incremental tax benefit from exercise of common stock options and restricted stock	(3,805)	(8,588)	(16,953)
Changes in operating assets and liabilities:
Accounts receivable	2,211	(7,466)	(1,596)
Inventory	(49,488)	(7,470)	(132)
Prepaid and deferred taxes, current	(2,829)	14,243	17,432
Prepaid expenses and other assets	2,735	(26)	458
Accounts payable	(545)	6,542	(7,570)
Accrued expenses and other	9,659	(2,341)	(8,534)
Profit-sharing distributions payable	425	274	(3,226)
Customer payables	12,046	(4,768)	2,510
Acquisition earn out payable		11,422	3,162
Other liabilities	(1,003)	(198)	205
Net cash provided by operating activities from continuing operations	11,856	46,743	52,629
Net cash used by operating activities from discontinued operations			(483)
Net cash provided by operating activities	11,856	46,743	52,146
Investing activities
Cash paid for acquisitions and increase in goodwill and intangibles	(141)	(14,730)	(71,796)
Purchases of property and equipment	(7,539)	(5,463)	(6,793)
Net cash used in investing activities	(7,680)	(20,193)	(78,589)
Financing activities
Principal repayments of debt		(39,000)
Repurchases of common stock	(44,873)		(29,999)
Proceeds from exercise of common stock options (net of tax)	4,146	2,532	15,491
Incremental tax benefit from exercise of common stock options and restricted stock	3,805	8,588	16,953
Payment of acquisition contingent liabilities		(8,185)
Net cash (used in) provided by financing activities	(36,922)	(36,065)	2,445
Effect of exchange rate differences on cash and cash equivalents	235	(158)	(309)
Net (decrease) increase in cash and cash equivalents	(32,511)	(9,673)	(24,307)
Cash and cash equivalents at beginning of year	95,109	104,782	129,089
Cash and cash equivalents at end of year	62,598	95,109	104,782
Supplemental disclosure of cash flow information
Cash paid for income taxes	$ 18,108	16,760	14,482
Cash paid for interest		2,034	117
Note payable issued in connection with acquisition			40,000
Contingent purchase price accrued		$ 18,390	$ 7,438

Organization	12 Months Ended
Organization	Sep. 30, 2014
Organization
Organization	1. Organization Liquidity Services, Inc. and subsidiaries (LSI or the Company) is a leading online auction marketplace for surplus and salvage assets. LSI enables buyers and sellers to transact in an efficient, automated online auction environment offering over 500 product categories. The Company's marketplaces provide professional buyers access to a global, organized supply of surplus and salvage assets presented with digital images and other relevant product information. Additionally, LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI organizes its products into categories across major industry verticals such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment and specialty equipment. The Company's online auction marketplaces are www.liquidation.com, www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.truckcenter.com, www.secondipity.com, and www.go-dove.com. LSI has one reportable segment consisting of operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets. In fiscal year 2014, approximately 10.1% of the Company's revenue was generated outside of the U.S. The Company's operations are subject to certain risks and uncertainties associated with technology-oriented companies including, but not limited to, the Company's dependence on use of the Internet, the effect of general business and economic trends, its susceptibility to rapid technological change, actual and potential competition by entities with greater financial resources, and the potential for the U.S. Government agencies from which the Company has derived a significant portion of its inventory to change the way they conduct their surplus disposition or to otherwise not renew their contracts with the Company. The Company has evaluated subsequent events through the date that these financial statements were issued and filed with the Securities and Exchange Commission.

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Certain prior period amounts have been reclassified to conform to the current year's presentation. All intercompany balances and transactions have been eliminated in consolidation.

The accompanying consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. In addition, in the opinion of management, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included.

Discontinued Operations

In determining whether a group of assets disposed (or to be disposed) of should be presented as discontinued operations, the Company makes a determination of whether the group of assets being disposed of comprises a component of the entity; that is, whether it has historical operations and cash flows that can be clearly distinguished (both operationally and for financial reporting purposes). The Company also determines whether the cash flows associated with the group of assets have been significantly (or will be significantly) eliminated from the ongoing operations of the Company as a result of the disposal transaction and whether the Company has no significant continuing involvement in the operations of the group of assets after the disposal transaction. If these determinations can be made affirmatively, the results of operations of the group of assets being disposed of (as well as any gain or loss on the disposal transaction) are aggregated for separate presentation apart from continuing operating results of the Company in the consolidated financial statements.

Business Combinations

The Company recognizes all of the assets acquired, liabilities assumed, contractual contingencies, and contingent consideration at their fair value on the acquisition date. Acquisition-related costs are recognized separately from the acquisition and expensed as incurred. Restructuring costs incurred in periods subsequent to the acquisition date are expensed when incurred. Subsequent changes to the purchase price (i.e., working capital adjustments) or other fair value adjustments determined during the measurement period are recorded as an adjustment to goodwill, with the exception of contingent consideration, which is recognized in the statement of operations in the period it is modified. All subsequent changes to a valuation allowance or uncertain tax position that relate to the acquired company and existed at the acquisition date that occur both within the measurement period and as a result of facts and circumstances that existed at the acquisition date are recognized as an adjustment to goodwill. All other changes in valuation allowances are recognized as a reduction or increase to income tax expense or as a direct adjustment to additional paid-in capital as required.

Cash and Cash Equivalents

The Company considers all highly liquid securities purchased with an initial maturity of three months or less to be cash equivalents.

Accounts Receivable

Accounts receivable are recorded at the invoiced amount and are non-interest bearing. The Company maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Allowances are based on management's judgment, which considers historical experience and specific knowledge of accounts where collectability may not be probable. The Company makes provisions based on historical bad debt experience, a specific review of all significant outstanding invoices and an assessment of general economic conditions.

Inventory

Inventory consists of property obtained for resale, generally through the online auction process, and is stated at the lower of cost or market. Cost is determined using the specific identification method. Charges for unsellable inventory are included in cost of goods sold in the period in which they have been determined to occur.

Property and Equipment

Property and equipment is recorded at cost, and depreciated and amortized on a straight-line basis over the following estimated useful lives:

Computers and purchased software		One to five years
Office equipment		Three years
Furniture and fixtures		Five to seven years
Leasehold improvements		Shorter of lease term or useful life

Intangible Assets

Intangible assets primarily consist of contract acquisition costs, covenants not to compete, and other intangible assets associated with acquisitions (see Note 4). Intangible assets are amortized using the straight-line method over their estimated useful lives, ranging from three to seven years.

Impairment of Long-Lived Assets

Long-lived assets, including amortizable intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. If an impairment indicator is present, the Company evaluates recoverability by comparing the carrying amount of the assets to future undiscounted net cash flows expected to be generated by the assets. If the assets are impaired, the impairment recognized is measured by the amount by which the carrying amount exceeds the estimated fair value of the assets.

Goodwill

Goodwill is reviewed for impairment annually or more frequently if events or circumstances indicate impairment may exist. Examples of such events or circumstances could include a significant change in business climate or the loss of a significant customer. In evaluating goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more than likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further testing of goodwill assigned to the reporting unit is required. However, if the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company applies a two-step fair value-based test to assess goodwill for impairment. The first step compares the fair value of a reporting unit to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fair value, the second step is then performed. The second step compares the carrying amount of the reporting unit's goodwill to the fair value of the goodwill. If the fair value of the goodwill is less than the carrying amount, an impairment loss would be recorded in the statement of operations.

Revenue Recognition

The Company recognizes revenue when all of the following criteria are met:

a buyer submits the winning bid in an auction and, as a result, evidence of an arrangement exists and the sale price has been determined;

the buyer has assumed the risks and rewards of ownership; and

collection is reasonably assured.

Revenue is also evaluated for reporting revenue of gross proceeds as the principal in the arrangement or net of commissions as an agent. In arrangements in which the Company is deemed to be the primary obligor, bears physical and general inventory risk, and credit risk, LSI recognizes as revenue the gross proceeds from the sale, including buyer's premiums. The Company has evaluated its revenue recognition policy related to sales under LSI's profit-sharing model and determined it is appropriate to account for these sales on a gross basis. In the Company's evaluation, the Company relied most heavily upon its status as primary obligor in the sales relationship and the fact that the Company has general inventory risk.

In arrangements in which the Company acts as an agent or broker on a consignment basis, without taking physical or general inventory risk, revenue is recognized based on the sales commissions that are paid to the Company by the sellers for utilizing LSI's services; in this situation, sales commissions represent a percentage of the gross proceeds from the sale that the seller pays to the Company upon completion of the transaction. Such revenue as well as other fee revenue is presented as Fee Revenue in the Consolidated Statements of Operations.

The Company collects and remits sales taxes on merchandise that it purchases and sells, and reports such amounts under the net method in its Consolidated Statements of Operations.

Cost of Goods Sold

Cost of goods sold includes the costs of purchasing and transporting property for auction as well as credit card transaction fees. The Company purchases the majority of its inventory at a percentage of the supplier's original acquisition cost under the Surplus and certain commercial contracts, a percentage of the supplier's last retail price under certain commercial contracts and varies depending on the type of the inventory purchased or a fixed price per pound under the Scrap Contract. Title for the inventory passes to the Company at the time of purchase and the Company bears the risks and rewards of ownership. The Company does not have title to assets sold on behalf of its commercial or government customers when it receives only sales commission revenue and, as such, recognizes no cost of goods sold associated with those sales. Cost of goods sold also includes shipping and handling costs and amounts paid by customers for shipping and handling.

Risk Associated with Certain Concentrations

The Company does not perform credit evaluations for the majority of its buyers. However, substantially all sales are recorded subsequent to payment authorization being received. As a result, the Company is not subject to significant collection risk, as most goods are not shipped before payment is received.

For consignment sales transactions, funds are collected from buyers and are held by the Company on the sellers' behalf. The funds are included in cash and cash equivalents in the consolidated financial statements. The Company releases the funds to the seller, less the Company's commission and other fees due, after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business. The amount of cash held on behalf of the sellers is recorded as customer payables in the accompanying Consolidated Balance Sheets.

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents in banks over FDIC limits, and accounts receivable. The Company deposits its cash with financial institutions that the Company considers to be of high credit quality.

For the years ended September 30, 2014, 2013, and 2012, approximately 11%, 11%, and 20% of the Company's Gross Merchandise Volume (GMV) was generated from Wal-Mart under multiple contracts / programs.

Income Taxes

The Company accounts for income taxes using an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and income tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which the taxes are expected to be paid or recovered. A valuation allowance is provided to reduce the deferred tax assets to a level that the Company believes will more likely than not be realized. The resulting net deferred tax asset reflects management's estimate of the amount that will be realized.

The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis.

Stock-Based Compensation

The Company estimates the fair value of share-based awards on the date of grant. The fair value of stock options is determined using the Black-Scholes option-pricing model. The fair value of restricted stock awards is based on the closing price of the Company's common stock on the date of grant. The determination of the fair value of the Company's stock option awards and restricted stock awards is based on a variety of factors including, but not limited to, the Company's common stock price, expected stock price volatility over the expected life of awards, and actual and projected exercise behavior. Additionally, the Company has estimated forfeitures for share-based awards at the dates of grant based on historical experience, adjusted for future expectation. The forfeiture estimate is revised as necessary if actual forfeitures differ from materially these estimates.

The Company issues restricted stock awards where restrictions lapse upon either the passage of time (service vesting), achieving performance targets, or some combination of these restrictions. For those restricted stock awards with only service conditions, the Company recognizes compensation cost on a straight-line basis over the explicit service period. For awards with both performance and service conditions, the Company starts recognizing compensation cost over the remaining service period, when it is probable the performance condition will be met. For stock awards that contain performance vesting conditions, the Company excludes these awards from diluted earnings per share computations until the contingency is met as of the end of that reporting period. For awards to non-employees (who are not directors), the Company records compensation cost when the performance condition is met. The Company presents the cash flows resulting from the tax benefits resulting from tax deductions in excess of the compensation cost recognized for those options (excess tax benefits) as a financing activity with a corresponding operating cash outflow in the Consolidated Statements of Cash Flows.

Advertising Costs

Advertising expenditures are expensed as incurred. Advertising costs charged to expense were $7,229,000, $4,560,000, and $4,939,000 for the years ended September 30, 2014, 2013 and 2012, respectively.

Fair Value of Financial Instruments

Cash and cash equivalents, accounts receivable, accounts payable, profit-sharing distributions payable, and customer payables reported in the Consolidated Balance Sheets approximate their fair values.

Foreign Currency Translation

The functional currency of the Company's foreign subsidiaries is the local currency. The translation of the subsidiary's financial statements into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average exchange rate during the period. The resulting translation adjustments are recognized in accumulated other comprehensive income, a separate component of stockholders' equity. Realized foreign currency transaction gains and losses for 2012, 2013 and 2014 are included in interest expense and other expense (income), net in the consolidated statements of operations.

Earnings per Share

Basic net income attributable to common stockholders per share is computed by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net income attributable to common stockholders per share includes the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company had 1,399,609 unvested restricted shares, which were issued at prices ranging from $7.48 -$52.55, during the years ended September 30, 2012, 2011, 2010, and 2009, of which all have been included in the calculation of diluted income per share for the year ended September 30, 2012. The Company had 1,543,869 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2013, 2012, 2011, 2010, and 2009, of which 383,831 have been included in the calculation of diluted income per share for the year ended September 30, 2013. The Company had 1,897,827 unvested restricted shares, which were issued at prices ranging from $7.48 - $52.55, during the years ended September 30, 2014, 2013, 2011, 2010, and 2009, of which 341,137 have been included in the calculation of diluted income per share for the year ended September 30, 2014. The Company has also not included the following stock options in the calculation of diluted income per share because the option exercise prices were greater than the average market prices for the applicable periods:

(a) for the fiscal year ended September 30, 2014 - 836,303 options;

(b) for the fiscal year ended September 30, 2013 - 151,291 options; and

The following summarizes the potential outstanding common stock of the Company as of the dates set forth below:

	September 30,
	2014		2013		2012
	(dollars in thousands except per share and share data)
Weighted average shares calculation:
Basic weighted average shares outstanding		31,243,932		31,616,926		30,854,796
Treasury stock effect of options and restricted stock		151,369		1,040,310		1,928,283

Diluted weighted average common shares outstanding		31,395,301		32,657,236		32,783,079


Net income	$	30,390	$	41,104	$	48,296


Basic income per common share	$	0.97	$	1.30	$	1.57


Diluted income per common share	$	0.97	$	1.26	$	1.47

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (FASB) issued a new standard that will change the way the Company recognizes revenue and significantly expand the disclosure requirements for revenue arrangements. The new standard will be effective for the Company beginning on October 1, 2017, and may be adopted either retrospectively or on a modified retrospective basis whereby the new standard would be applied to new and existing arrangements with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to retained earnings at the effective date for existing arrangements with remaining performance obligations. Early adoption is not permitted. The Company is currently evaluating the methods of adoption allowed by the new standard and the effect that adoption of the standard is expected to have on the consolidated financial statements and related disclosures. As a result, the Company's evaluation of the effect of the new standard will likely extend over several future periods.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220)—Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which amends existing guidance by requiring that additional information be disclosed about items reclassified out of accumulated other comprehensive income. The additional information includes separately stating the total change for each component of other comprehensive income and separately disclosing both current-period other comprehensive income and reclassification adjustments. Entities are also required to present, either on the face of the income statement or in the note to the financial statements, significant amounts reclassified out of accumulated other comprehensive income as separate line items of net income but only if the entire amount reclassified must be reclassified to net income in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity must cross-reference to other disclosures that provide additional detail about those amounts. ASU 2013-02 was effective for interim and annual periods beginning after December 15, 2013, which for the Company was its fiscal 2014 first quarter. The Company does not believe the adoption of this update had a material impact on its financial statements.

Significant Contracts	12 Months Ended
Significant Contracts	Sep. 30, 2014
Defense Logistics Agency (DLA) Disposition Services Contracts
Significant Contracts	3. Significant Contracts DLA Disposition Services The Company has a Surplus Contract with the DLA Disposition Services in which the base term expired in February 2012 with two one year renewal options. The DoD has exercised both renewal options. In January 2014, the DoD awarded the Company with a follow-on contract to extend the terms of the Surplus Contract for a base term of ten months with two one-month renewal option periods. Under the current (second) Surplus Contract, the Company is required to purchase all usable surplus property offered to the Company by the Department of Defense at a fixed percentage equal to 1.8% of the DoD's original acquisition value (OAV). The Company retains 100% of the profits from the resale of the property and bears all of the costs for the merchandising and sale of the property. Included in Accrued expenses and other current liabilities in the Consolidated Balance Sheet, the Company has a liability to the DoD of approximately $19,545,000 and $9,257,000 for inventory as of September 30, 2014 and 2013, respectively. The Surplus Contract contains a provision providing for a mutual termination of the contract for convenience. As a result of the current (second) Surplus Contract, the Company is the sole remarketer of all DoD surplus turned into the DLA Disposition Services available for sale within the United States, Puerto Rico, and Guam. Revenue from the current (second) Surplus Contract accounted for 27.2%, 27.7%, and 26.8% of our consolidated revenue for the fiscal years ended September 30, 2012, 2013, and 2014, respectively. The DoD, in accordance with the award of the next (third) Surplus Contract, split the contract into a rolling stock and a non-rolling stock contract, with bidding on these two surplus contracts held on April 1 and 2, 2014. On April 1, 2014, the Company was the high bidder for the non-rolling stock surplus contract with a bid equal to 4.35% of the DoD's OAV. The non-rolling stock surplus contract has a base term of two years with four one-year renewal options. Following the bidding event on April 2, 2014 for the DoD rolling stock contract, the Company withdrew from the live auction bidding for this contract. Bidding had reached a level that the Company determined would be economically unsustainable under the terms of the new contract, jeopardizing the high level of service the Company has historically provided the agency client. The price the Company will pay for inventory under the new non-rolling stock contract is expected to increase from 1.8% to 4.35% of OAV, resulting in significantly higher Cost of Goods Sold (COGS) in fiscal year 2015 and beyond. Additionally, the Company expects to cease the sale of DoD rolling stock under the new contract, which has historically accounted for approximately 30-35% of the overall revenue for the current second Surplus Contract, resulting in lower revenue in future periods. The Company continues to operate the current DoD surplus contract to sell all useable surplus assets of the DoD, including non-rolling stock assets for the base term ending December 2014, with two additional one-month renewal options. The Company has a Scrap Contract with the DLA Disposition Services in which the base term expired in June 2012 with three one year renewal options. The DoD has exercised all three renewal options. Under the terms of the Scrap Contract, the Company is required to purchase all scrap government property referred to it by the DLA Disposition Services. The Company distributes to the DLA Disposition Services 77% of the profits realized from the ultimate sale of the inventory, after deduction for allowable expenses, as provided for under the terms of the contract. The Contract also has a performance incentive that allows it to receive up to an additional 2% of the profit sharing distribution. This incentive is measured annually on June 30th, and is applied to the prior 12 months. The Company earned a performance incentive for the years ended September 30, 2014, 2013 and 2012 of approximately $1,326,000, $1,265,000, and $1,651,000, respectively. For the years ended September 30, 2014, 2013 and 2012, profit-sharing distributions to the DLA Disposition Services under the Scrap Contract were $34,935,000, $35,944,000, and $43,242,000, including accrued amounts, as of September 30, 2014, 2013, and 2012, of $4,740,000, $4,315,000, and $4,041,000, respectively. The Scrap Contract may be terminated by either the Company or the DLA Disposition Services if the rate of return performance ratio does not exceed specified benchmark ratios for two consecutive quarterly periods and the preceding twelve months. The Company has performed in excess of the benchmark ratios throughout the contract period through September 30, 2014. As a result of the Scrap Contract, the Company is the sole remarketer of all U.S. Department of Defense scrap turned into the DLA Disposition Services available for sale within the United States, Puerto Rico, and Guam. Revenue from the Scrap Contract accounted for 16.1%, 13.5%, and 14.4% of our consolidated revenue for the fiscal years ended September 30, 2012, 2013, and 2014, respectively.

Acquisitions

12 Months Ended

Sep. 30, 2014

Acquisitions

Acquisitions

4. Acquisitions

Jacobs Trading Acquisition

On October 1, 2011, LSI completed its acquisition of the assets of Jacobs Trading, LLC. The acquisition price included an upfront cash payment of $80.0 million, a seller subordinated 5% unsecured note of $40.0 million, which the Company paid in full in November 2012, the issuance of 900,171 shares of restricted stock (valued at $24.5 million by applying a 15% discount to the Company's closing share price on September 30, 2011) and an earn-out payment. The stock consideration contained a restriction that it is not freely tradable for six months following the acquisition date and the Company used the put option analysis method to fair value the stock. Under the terms of the agreement, the earn-out is based on EBITDA earned by Jacobs during the trailing 12 months ending December 31, 2012 and 2013. The Company's estimate of the fair value of the earn-out as of October 1, 2011 was $8.3 million out of a possible total earn out payment of $30.0 million. During 2012, based on the performance of the business and revised projections, the Company accrued an additional $6.2 million for the earn-out. As of September 30, 2012, the fair value of the earn-out was $14.5 million. During the three months ended December 31, 2012, based on the performance of the business and revised projections, the Company accrued an additional $5.1 million and paid out $17.4 million. During the three months ended March 31, 2013, the Company paid out the remaining $2.2 million earn-out out under the 2012 target. Based on the performance of the business and projections in comparison to the elevated earn-out targets for calendar year 2013 relative to the targets for calendar year 2012, the Company believes the fair value of the calendar year 2013 earn-out as of September 30, 2013 is zero.

The total estimated purchase price is allocated to Jacobs' net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of October 1, 2011, the effective date of the acquisition of Jacobs. The purchase price was allocated as follows:

	Consideration Amount
	(in thousands)
Accounts receivable	$	4,710
Inventory		6,059
Prepaid expenses		120
Goodwill		110,226
Vendor contract intangible asset		33,300
Covenants not to compete		2,400
Property and equipment		847
Accounts payable		(1,837	)
Accrued liabilities		(3,101	)

Total consideration	$	152,724

Goodwill, which is deductible for tax purposes due to the asset purchase structure, was created as part of the acquisition as the Company acquired an experienced and knowledgeable workforce. The amount of revenue included in the 2013 and 2014 consolidated statement of operations related to JacobsTrading was $99.8 million and $93.3 million, respectively. The related supplemental pro forma information was not significant and it is impracticable for the Company to determine and disclose the amount of earnings for this acquisition.

GoIndustry Acquisition

In July 2012, the Company completed its purchase of GoIndustry-DoveBid plc, a public limited company incorporated under the laws of England and Wales ("GoIndustry"), for 73 pence per share ($11.6 million). GoIndustry is a global provider of surplus asset management, auction and valuation services operating in over 25 countries in North America, Europe and Asia. The acquisition expands the Company's client roster with leading global manufacturers across the aerospace, consumer packaged goods, electronics, pharmaceutical, technology and transportation industry verticals.

The total purchase price is allocated to GoIndustry's net tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of July 1, 2012, the effective date of the acquisition of GoIndustry. Based on management's estimate of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price was allocated as follows:

	Consideration Amount
	(in thousands)
Cash	$	10,091
Accounts receivable		3,987
Inventory		297
Prepaid expenses and deposits		1,075
Goodwill		34,152
Brand and technology intangible assets		4,877
Property and equipment		354
Accounts payable		(5,788	)
Accrued liabilities		(11,087	)
Pension liability		(6,468	)
Due to customers		(19,017	)
Other liabilities		(846	)

Total consideration	$	11,627

Goodwill was created as part of the acquisition as the Company acquired an experienced and knowledgeable workforce, of which approximately $5.5 million of the goodwill and all of the intangible assets are expected to be tax deductible, as a result of the structure of the transaction. The amount of revenue included in the 2013 and 2014 consolidated statement of operations related to GoIndustry was $38.6 million and $36.8 million, respectively. The related supplemental pro forma information was not significant and it is impracticable for the Company to determine and disclose the amount of earnings for this acquisition.

National Electronic Service Association (NESA)

On November 1, 2012, the Company acquired the assets and assumed liabilities of National Electronic Service Association (NESA) in an all cash transaction. The acquisition price included an upfront cash payment of approximately $18.3 million and an earn-out payment. Under the terms of the agreement, the earn-out is based on EBITDA earned by NESA during the 36-48 months after closing. EBITDA growth used in the calculation is capped at 20% of prior period. The Company's estimate for the total payout ranges from zero to a maximum of $37.7 million. The Company's estimate of the fair value of the earn-out as of the date of acquisition was $18.0 million. Based upon revised projections, the Company determined that the fair value of the earn-out as of June 30, 2104 was zero and reversed the liability of $18.6 million with a corresponding reduction (credit) in the Acquisition Costs line in the Consolidated Statement of Operations for the year ended September 30, 2014. The Company continues to believe the fair value of the earn-out is zero as of September 30, 2014. NESA is a Canadian provider of returns management, refurbishment and reverse logistics services for high-value consumer products. NESA provides expertise and focused services to Fortune 1000 companies in the management of Consumer Electronics, Telecommunications, and Information Technology products.

Under the acquisition method of accounting, the total estimated purchase price is allocated to NESA's net tangible and intangible assets acquired based on their estimated fair values as of November 1, 2012. Based on management's valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price was allocated as follows:

	Consideration Amount
	(in thousands)
Cash	$	3,760
Goodwill		27,009
Vendor contract intangible asset		3,936
Covenants not to compete		1,400
Other intangible asset		225
Property and equipment		234
Accrued liabilities		(204	)

Total consideration	$	36,360

Goodwill was created as part of the acquisition as the Company acquired an experienced and knowledgeable workforce, 75% of which is expected to be tax deductible as a result of the asset purchase structure of the transaction. The amount of revenue from NESA since the acquisition date and related supplemental pro forma information is not significant and it is impracticable for us to determine the amount of earnings for NESA.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=39739317&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479

+ Details

Property and Equipment

12 Months Ended

Sep. 30, 2014

Property and Equipment

Property and Equipment

5. Property and Equipment

Property and equipment, including equipment under capital lease obligations, consists of the following:

	September 30,
	2014			2013
	(in thousands)
Computers and purchased software	$	23,185		$	17,953
Office/Operational equipment		6,502			5,391
Furniture and fixtures		1,467			1,408
Vehicles		1,006			992
Leasehold improvements		4,729			4,319

		36,889			30,063
Less: Accumulated depreciation and amortization		(24,606	)		(19,683	)

	$	12,283		$	10,380

Depreciation and amortization expense related to property and equipment for the years ended September 30, 2014, 2013 and 2012 was $5,623,000, $5,696,000, and $4,714,000, respectively.

Goodwill

12 Months Ended

Sep. 30, 2014

Goodwill.

Goodwill

6. Goodwill

The goodwill of acquired companies is primarily related to the acquisition of an experienced and knowledgeable workforce. The following summarizes our goodwill activity for the periods indicated:

	Goodwill
	(in thousands)
Balance at September 30, 2012	$	185,771
New acquisitions		27,009
Translation adjustments		(1,069	)

Balance at September 30, 2013		211,711
Translation adjustments		(2,055	)

Balance at September 30, 2014	$	209,656

Intangible Assets

12 Months Ended

Sep. 30, 2014

Intangible Assets

Intangible Assets

7. Intangible Assets

Intangible assets at September 30, 2014 and September 30, 2013 consisted of the following:

			September 30, 2014							September 30, 2013
	Useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(dollars in thousands)
Contract intangibles		2 - 5	$	33,300	$	(21,796	)	$	11,504	$	37,236	$	(16,696	)	$	20,540
Brand and technology		3 - 5		5,947		(2,852	)		3,095		5,965		(1,666	)		4,299
Covenants not to compete		3 - 5		4,330		(2,245	)		2,085		4,440		(1,439	)		3,001
Patent and trademarks		3 - 10		672		(257	)		415		509		(144	)		365

Total intangible assets, net								$	17,099						$	28,205

Future expected amortization of intangible assets at September 30, 2014 was as follows:

Years ending September 30,	Amortization
	(in thousands)
2015	$	8,378
2016		6,278
2017		1,435
2018		875
2019 and after		133

Total	$	17,099

Amortization expense related to intangible assets for the years ended September 30, 2014, 2013 and 2012 was $10,972,000, $11,678,000, and $9,451,000, respectively.

Debt	12 Months Ended
Debt	Sep. 30, 2014
Debt
Debt	8. Debt Senior Credit Facility In 2010, the Company entered into a senior credit facility (the Agreement) with a bank, which provides for borrowings up to $75.0 million, as amended. On March 11, 2014, the Company amended this credit facility extending the term to May 31, 2015. Borrowings under the Agreement bear interest at an annual rate equal to the 30 day LIBOR rate plus 1.25% (1.402% at September 30, 2014) due monthly. As of September 30, 2014, the Company had no outstanding borrowings under the Agreement, and the Company's borrowing availability was $64.9 million due to issued letters of credit for $10.1 million. Borrowings under the Agreement are secured by substantially all of the assets of the Company. The Agreement contains certain financial and non-financial restrictive covenants including, among others, the requirements to maintain a minimum level of earnings before interest, income taxes, depreciation and amortization (EBITDA) and a minimum debt coverage ratio. As of September 30, 2014, the Company was in compliance with these covenants. Subordinated Note In conjunction with the Jacobs Trading acquisition during 2011, the Company issued a $40,000,000 seller subordinated 5% unsecured note. The note was repaid in November 2012. In conjunction with the repayment, the Company received a $1.0 million discount on the principal. This gain on the early extinguishment of debt has been reflected in interest and other expense (income) in the Consolidated Statement of Operations.

Commitments

12 Months Ended

Sep. 30, 2014

Commitments

Commitments

9. Commitments

Leases

The Company leases certain office space and equipment under non-cancelable operating lease agreements, which expire at various dates through 2019. Certain of the leases contain escalation clauses and provide for the pass-through of increases in operating expenses and real estate taxes. Rent related to leases that have escalation clauses is recognized on a straight-line basis. Resulting deferred rent charges are included in other long-term liabilities and were $1,113,000 and $893,000, at September 30, 2014 and 2013, respectively. Future minimum payments under the leases as of September 30, 2014 are as follows:

Years ending September 30,	Operating Lease Payments
	(in thousands)
2015	$	10,457
2016		7,582
2017		5,430
2018		4,177
2019		2,419
2020		—

Total future minimum lease payments	$	30,065

Rent expense for the years ended September 30, 2014, 2013 and 2012 was $12,099,000, $11,236,000, and $8,639,000, respectively.

401(k) Benefit Plan	12 Months Ended
401(k) Benefit Plan	Sep. 30, 2014
401(k) Benefit Plan
401(k) Benefit Plan	10. 401(k) Benefit Plan The Company has a retirement plan (the Plan), which is intended to be a qualified plan under Section 401(k) of the Internal Revenue Code. The Plan is a defined contribution plan available to all eligible employees and allows participants to contribute up to the legal maximum of their eligible compensation, not to exceed the maximum tax-deferred amount allowed by the Internal Revenue Service. The Plan also allows the Company to make discretionary matching contributions. For the years ended September 30, 2014, 2013 and 2012, the Company contributed and recorded expense of approximately $2,680,000, $2,382,000, and $1,113,000, respectively, to the Plan.

Income Taxes

12 Months Ended

Sep. 30, 2014

Income Taxes

Income Taxes

11. Income Taxes

The components of the provision for income taxes of continuing operations are as follows:

	Year ended September 30,
	2014			2013			2012
	(in thousands)
Current tax provision:
U.S. Federal	$	14,328		$	27,611		$	28,124
State		2,613			5,035			5,129
Foreign		1,888			1,757			118

		18,829			34,403			33,371
Deferred tax (benefit) expense:
U.S. Federal		(2,886	)		(6,012	)		(1,454	)
State		(526	)		(1,096	)		(265	)
Foreign		4,240			256			—

		828			(6,852	)		(1,719	)

Total provision	$	19,657		$	27,551		$	31,652

Deferred taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows:

	September 30,
	2014			2013
	(in thousands)
Deferred tax assets:
Net operating losses—Foreign	$	6,426		$	4,572
Net operating losses—US		1,674			2,107
Accrued vacation and bonus		2,040			2,342
Inventory capitalization		7,328			4,048
Inventory reserves		105			565
Allowance for doubtful accounts		291			252
Stock compensation expense		10,259			8,036
Amortization of intangibles		9,071			6,666
Pension liability		790			852
Other		273			352

Total deferred tax assets before valuation allowance		38,257			29,792
Less: valuation allowance		(7,216	)		(5,424	)

Net deferred tax assets		31,041			24,368
Deferred tax liabilities:
Amortization of goodwill		16,022			7,339
Depreciation		754			1,235

Total deferred tax liabilities	$	16,776		$	8,574

Net deferred taxes	$	14,265		$	15,794

The net current deferred tax asset of approximately $12,321,000, and $10,558,000 is recorded in prepaid and deferred taxes on the consolidated balance sheet as of September 30, 2014 and 2013, respectively. The net non-current deferred tax asset of approximately $6,160,000 and $5,236,000 is recorded in deferred taxes and other assets on the consolidated balance sheet as of September 30, 2014 and 2013, respectively. The net non-current deferred tax liability of approximately $4,217,000 is recorded in other liabilities on the consolidated balance sheet as of September 30, 2014.

The reconciliation of the U.S. federal statutory rate to the effective rate for continuing operations is as follows:

	Year ended September 30,
	2014			2013			2012
U.S. statutory rate		35.0	%		35.0	%		35.0	%
Permanent items		0.5			0.6			—
State taxes		2.7			3.9			3.9
Net foreign rate differential		(2.5	)		(0.7	)		(0.8	)
Change in valuation allowance		3.6			1.3			1.5

Provision for income taxes		39.3	%		40.1	%		39.6	%

At September 30, 2014 and 2013, the Company had deferred tax assets related to available foreign net operating loss (NOL) carryforwards of approximately $6,426,000 and $4,572,000, respectively. All but approximately $547,000 of our NOLs maintain an indefinite carryforward life. The NOLs with limited carryforward periods will expire beginning in 2017 through 2034. Due to historic losses of those foreign entities, the Company does not believe that it is more likely than not that the related deferred tax assets will be realized and a full valuation allowance has been recorded. In addition, the Company also recorded a deferred tax asset of $1,674,000 related to NOL carryforwards related to its acquisition of Network International, Inc. in 2010. These NOL carryforwards expire in 2023. The Company will adjust these NOL carryforwards and the related valuation allowance as the related tax returns are filed.

The Company has not recorded a provision for deferred U.S. tax expense on the undistributed earnings of foreign subsidiaries since the Company intends to indefinitely reinvest the earnings of these foreign subsidiaries outside the U.S. The amount of such undistributed foreign earnings was approximately $8.0 million as of September 30, 2014. As of September 30, 2014 and 2013, approximately $9.3 million and $10.5 million, respectively, of cash and cash equivalents was held overseas and not available to fund domestic operations without incurring taxes upon repatriation.

The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis. The Company's policy is to recognize interest and penalties in the period in which they occur in the income tax provision. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions and in foreign jurisdictions, primarily Canada and the U.K. Currently, the Company is subject to income tax examinations for fiscal 2011 and 2012. The Company anticipates no material tax liability to arise from this examination. The statute of limitations for years prior to fiscal 2011 is now closed. However, certain tax attribute carryforwards that were generated prior to fiscal 2011 may be adjusted upon examination by tax authorities if they are utilized.

Stockholders' Equity

12 Months Ended

Sep. 30, 2014

Stockholders' Equity

Stockholders' Equity

12. Stockholders' Equity

2006 Omnibus Long-Term Incentive Plan

In conjunction with the Company's initial public offering, the board of directors and the Company's shareholders approved the 2006 Omnibus Long-Term Incentive Plan, or the 2006 Plan, on December 2, 2005. The 2005 Stock Option and Incentive Plan was terminated when the 2006 Plan became effective, immediately after the closing of the initial public offering.

A portion of the options and restricted shares granted to employees vest based on certain performance conditions being satisfied by the Company. Performance-based stock options are tied to the Company's annual performance against pre-established internal targets and the actual payout under these awards may vary from zero to 100% of an employee's target payout, based upon the Company's actual performance during the previous twelve months. The performance-based stock options are also subject to vesting requirements and generally vest when the performance condition has been satisfied. The fair value for stock options granted during the period was estimated at the grant date using the Black-Scholes option pricing model, as described in Note 2, and the fair value of restricted shares granted is based on the closing price of the shares on the grant date. Compensation cost is recognized when the performance condition has been satisfied or when it becomes probable that the performance condition will be satisfied.

Under the 2006 Plan, as amended, 10,000,000 shares were available for issuance. At September 30, 2009, there were 5,189,996 shares remaining reserved for issuance in connection with awards under the 2006 Plan. During fiscal year 2010, the Company granted options to purchase 624,566 shares to employees and directors with exercise prices between $9.05 and $13.96, and options to purchase 75,467 shares were forfeited. During fiscal year 2010, the Company granted 699,410 restricted shares to employees and directors at prices ranging from $9.05 to $13.96, and 45,026 restricted shares were forfeited. At September 30, 2010, there were 3,986,513 shares remaining reserved for issuance in connection with awards under the 2006 Plan. During fiscal year 2011, the Company granted options to purchase 321,072 shares to employees and directors with exercise prices between $14.30 and $17.02, and options to purchase 73,591 shares were forfeited. During fiscal year 2011, the Company granted 736,340 restricted shares to employees and directors at prices ranging from $12.88 to $25.52, and 150,112 restricted shares were forfeited. During fiscal year 2012, the Company granted options to purchase 181,783 shares to employees and directors with exercise prices between $31.37 and $42.31, and options to purchase 78,148 shares were forfeited. During fiscal year 2012, the Company granted 633,647 restricted shares to employees and directors at prices ranging from $31.37 to $52.55, and 138,052 restricted shares were forfeited. During the twelve months ended September 30, 2012, the Company issued 100,000 restricted shares to a non-employee that vest based on performance conditions. During fiscal year 2013, the Company granted options to purchase 171,994 shares to employees and directors with exercise prices between $29.47 and $46.72, and options to purchase 32,244 shares were forfeited. During fiscal year 2013, the Company granted 997,857 restricted shares to employees and directors at prices ranging from $29.47 to $42.47, and 403,083 restricted shares were forfeited. During the twelve months ended September 30, 2013, the Company issued 335,000 restricted shares and cancelled 281,500 restricted shares to a non-employee that vest based on performance conditions. During fiscal year 2014, the Company granted options to purchase 437,755 shares to employees and directors with exercise prices between $21.53 and $31.37, and options to purchase 181,094 shares were forfeited. During fiscal year 2014, the Company granted 1,040,748 restricted shares to employees and directors at prices ranging from $13.11 to $38.09, and 250,586 restricted shares were forfeited. At September 30, 2014, there were 772,227 shares remaining reserved for issuance in connection with awards under the 2006 Plan. The maximum number of shares subject to options or stock appreciation rights that can be awarded under the 2006 Plan to any person is 1,000,000 per year. The maximum number of shares that can be awarded under the 2006 Plan to any person, other than pursuant to an option or stock appreciation right, is 700,000 per year. These shares and options generally vest over a period of one to four years conditioned on continued employment for the incentive period.

The 2006 Plan permits the granting of options to purchase shares of common stock intended to qualify as incentive stock options under the Internal Revenue Code and stock options that do not qualify as incentive stock options ("non-qualified stock options"). The exercise price of each stock option may not be less than 100% of the fair market value of the common stock on the date of grant. However, if a grant recipient, who holds at least 10% of the common stock of the Company, receives an incentive stock option, the exercise price of such incentive stock option may not be less than 110% of the fair market value of the common stock on the date of grant. The term of each stock option is fixed by the compensation committee and may not exceed 10 years from the date of grant.

The compensation committee may also award under the 2006 Plan:

restricted stock, which are shares of common stock subject to restrictions;

stock units, which are common stock units subject to restrictions;

dividend equivalent rights, which are rights entitling the recipient to receive credits for dividends that would be paid if the recipient had held a specified number of shares of common stock;

stock appreciation rights, which are rights to receive a number of shares or, in the discretion of the compensation committee and subject to applicable law, an amount in cash or a combination of shares and cash, based on the increase in the fair market value of the shares underlying the right during a stated period specified by the compensation committee;

unrestricted stock, which are shares of common stock granted without restrictions as a bonus; and

performance and annual incentive awards, ultimately payable in common stock or cash, as determined by the compensation committee (the compensation committee may grant multi-year and annual incentive awards subject to achievement of specified goals tied to business criteria set forth in the 2006 Plan).

Share Repurchase Program

The Company's Board of Directors has approved the repurchase of up to $101.9 million in shares under a share repurchase program. Under the program, the Company is authorized to repurchase the issued and outstanding shares of common stock. Share repurchases may be made through open market purchases, privately negotiated transactions or otherwise, at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions. The repurchase program may be discontinued or suspended at any time, and will be funded using the Company's available cash. The Company's Board of Directors reviews the share repurchase program periodically, the last such review having occurred in February 2014. A summary of the Company's share repurchase activity from fiscal year 2009 to the year ended September 30, 2014 is as follows:

Fiscal Year Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Cash Paid for Shares Purchased		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)
2009		707,462	$	5.50	$	3,874,000	$	6,126,000
2010		1,225,019	$	11.53		14,471,000		1,655,000
2011		229,575	$	15.39		3,541,000		18,114,000
2012		505,067	$	59.41		30,000,000		18,114,000
2013		—		—		—		31,000,000
2014		2,962,978	$	15.90	$	44,873,000	$	5,127,000

(1)

On December 2, 2008, the Company's Board of Directors approved a share repurchase program, under which the Company was authorized to repurchase up to $10.0 million of the issued and outstanding shares of Company common stock. On each of February 2, 2010, November 30, 2010 and May 31, 2011, the Company's Board of Directors approved an additional $10.0 million for the share repurchase program. On May 17, 2012, the Company's Board of Directors approved an additional $30.0 million for the share repurchase program. On December 12, 2013, the Company's Board of Directors approved an additional approximately $12.9 million for the share repurchase program. On February 5, 2014, the Company's Board of Directors approved an additional $19.0 million for the share repurchase program.

Stock Option Activity

A summary of the Company's stock option activity for the years ended September 30, 2014, 2013, and 2012 is as follows:

	Options			Weighted- Average Exercise Price
Options outstanding at September 30, 2011		2,894,547		$	11.55
Options granted		181,783			34.42
Options exercised		(1,322,387	)		11.72
Options canceled		(78,148	)		12.72

Options outstanding at September 30, 2012		1,675,795			13.84
Options granted		171,994			35.76
Options exercised		(223,139	)		11.35
Options canceled		(32,244	)		18.67

Options outstanding at September 30, 2013		1,592,406			16.46
Options granted		437,755			22.41
Options exercised		(383,160	)		10.83
Options canceled		(181,094	)		18.14

Options outstanding at September 30, 2014		1,465,907			19.50


Options exercisable at September 30, 2014		890,103			16.15

The following table summarizes information about options outstanding at September 30, 2014:

	Options Outstanding
Range of Exercise Price	Number Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price
$3.00 - 8.00		148,448		4.20	$	7.38
$8.23 - $46.72		1,317,459		6.52		20.87

		1,465,907		6.10		19.50

The following table summarizes information about options exercisable at September 30, 2014:

	Options Exercisable
Range of Exercise Price	Number Exercisable		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price
$3.00 - $46.72		890,103		4.38	$	16.15

The following table summarizes information about assumptions used in valuing options granted:

	Year ended September 30
	2014		2013		2012
Dividend yield		—		—		—
Expected volatility		50.9% - 60.6%		51.8% - 60.6%		60.4	%
Risk-free interest rate		0.1% - 1.2%		0.1% - 1.0%		0.6	%
Expected forfeiture rate		19.7% - 22.8%		19.7%		19.0	%

The intrinsic value of outstanding and exercisable options at September 30, 2014 was approximately $1,797,000 and $1,658,000, respectively, based on a stock price of $13.75 on September 30, 2014.

The weighted average grant date fair value of options granted during 2014, 2013 and 2012 was $7.89, $12.98, and $13.77, respectively.

The intrinsic value of options exercised at September 30, 2014, 2013, and 2012 was $1,119,000, $4,943,000, and $50,899,000, respectively.

Restricted Share Activity

A summary of the Company's restricted share activity for the years ended September 30, 2014, 2013, and 2012 is as follows:

	Restricted Shares			Weighted- Average Fair Value
Unvested restricted shares at September 30, 2011		1,294,082		$	13.13
Restricted shares granted		633,647			34.05
Restricted shares vested		(390,068	)		12.53
Restricted shares canceled		(138,052	)		15.70

Unvested restricted shares at September 30, 2012		1,399,609			22.51
Restricted shares granted		997,857			36.97
Restricted shares vested		(450,514	)		21.18
Restricted shares canceled		(403,083	)		35.39

Unvested restricted shares at September 30, 2013		1,543,869			28.89
Restricted shares granted		1,040,748			18.78
Restricted shares vested		(436,204	)		24.72
Restricted shares canceled		(250,586	)		23.87

Unvested restricted shares at September 30, 2014		1,897,827			24.96

For the years ended September 30, 2014, 2013 and 2012, the Company recorded stock-based compensation of $12,605,000, $13,379,000, and $12,117,000, respectively. The total costs related to unvested awards, not yet recognized, as of September 30, 2014 was $41,214,000, which will be recognized over the weighted average vesting period of 25.8 months.

Fair Value Measurement

12 Months Ended

Sep. 30, 2014

Fair Value Measurement

Fair Value Measurement

13. Fair Value Measurement

The Company measures and records in the accompanying consolidated financial statements certain liabilities at fair value on a recurring basis. Authoritative guidance issued by the FASB establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company's assumptions (unobservable inputs). The hierarchy consists of three levels:

Level 1		Quoted market prices in active markets for identical assets or liabilities;
Level 2		Inputs other than Level 1 inputs that are either directly or indirectly observable; and
Level 3		Unobservable inputs developed using estimates and assumptions developed by the Company, which reflect those that a market participant would use.

As of September 30, 2014 and 2013, the Company had no Level 1 or Level 2 assets or liabilities measured at fair value. As of September 30, 2014 and 2013, the Company's liability for earn-outs related to the NESA and Jacobs Trading Company acquisitions of zero and $18,390,000, respectively, is the only liability measured at fair value on a recurring basis and is classified as Level 3 within the fair value hierarchy. The changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value for the year ended September 30, 2014 are as follows ($ in thousands):

	Level 3 Liabilities
Balance at September 30, 2012	$	14,511
Acquisition contingent consideration		18,050
Settlements		(19,608	)
Change in fair value of contingent consideration		5,437

Balance at September 30, 2013		18,390
Acquisition contingent consideration		—
Settlements		—
Change in fair value of contingent consideration		(18,390	)

Balance at September 30, 2014	$	—

When valuing its Level 3 liabilities, the Company gives consideration to operating results, financial condition, economic and/or market events, and other pertinent information that would impact its estimate of the expected earn-out payment. The valuation procedures are primarily based on management's projection of EBITDA for the acquired businesses and applying a discount to the expected earn out payments to estimate fair value. Discount rates range from 2.0% to 6.0% and are based on the Company's cost of borrowing. Given the short-term nature of the earn-out periods, changes in the discount rate are not expected to have a material impact on the fair value of these liabilities. Because of the inherent uncertainty, this estimated value may differ significantly from the value that would have been used had a ready market for the liability existed, and it is reasonably possible that the difference could be material. Changes in fair value of the Company's Level 3 liabilities are recorded in Acquisition Costs in the Consolidated Statements of Operations.

The Company's financial assets not measured at fair value are cash and cash equivalents (which includes cash and commercial paper with original maturities of less than 90 days). The Company believes the carrying value approximates fair value due to the short term maturity of these instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Defined Benefit Pension Plan

12 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plan

Defined Benefit Pension Plan

14. Defined Benefit Pension Plan

Certain employees of GoIndustry, which the Company acquired in July 2012, are covered by a qualified defined benefit pension plan.

The Company recognizes the funded status of its postretirement benefit plans, with a corresponding noncash adjustment to accumulated other comprehensive income (loss), net of tax, in stockholders' equity. The funded status is measured as the difference between the fair value of the plan's assets and the benefit obligation of the plan.

The net periodic benefit cost recognized for the year ended September 30, 2014 and 2013, included the following components:

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Service cost		—			—
Interest cost	$	1,125		$	1,055
Expected return on plan assets		(1,324	)		(1,055	)

Total net periodic benefit cost		(199	)		—

The following table provides a reconciliation of benefit obligations, plan assets, and unfunded status related to the Company's qualified defined benefit pension plan for the years ended September 30, 2014 and September 30, 2013:

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Change in benefit obligation
Beginning balance	$	25,558		$	25,106
Acquisitions/divestitures		—			—
Service cost		—			—
Interest cost		1,125			1,055
Benefits paid		(1,104	)		(617	)
Actuarial (gain)/loss		1,924			(33	)
Plan amendments		—			—
Foreign currency exchange rate changes		24			47
Participants' contributions		—			—

Ending balance	$	27,527		$	25,558

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Change in plan assets
Beginning balance at fair value	$	22,006		$	19,320
Acquisitions/divestitures		—			—
Actual return on plan assets		2,321			1,566
Benefits paid		(1,104	)		(617	)
Employer's contributions		1,727			1,632
Participants' contributions		—			—
Foreign currency exchange rate changes		(4	)		105

Ending balance at fair value	$	24,946		$	22,006


Underfunded status of the plan	$	(2,581	)	$	(3,552	)

The accrued pension liability of $2.6 million is recorded in Other long-term liabilities in the Consolidated Balance Sheet. Because the plan is closed to new participants, the accumulated benefit obligation (ABO) is equal to the projected benefit obligation (PBO), and totals $27,527,000 and $25,558,000 at September 30, 2014 and September 30, 2013, respectively.

The amount recognized in other comprehensive loss related to the Company's qualified defined benefit pension plan, net of tax, for the year ended September 30, 2014 and September 30, 2013, is shown in the following table:

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Accumulated OCI
Accumulated OCI at beginning of year	$	(1,147	)	$	(584	)
New actuarial (gains)/losses		927			(563	)

Accumulated OCI at end of year	$	(220	)	$	(1,147	)

Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during 2015 based on September 30, 2014 plan measurements are $0. The plan complies with the funding provisions of the UK Pensions Act 2004 and the Occupational Pension Schemes Regulations Act 2005. In 2015, the Company expects to contribute $1.7 million to the plan. In addition, the Company expects to make the following pension plan contributions over the next 10 years:

	Plan Contributions
	(in thousands)
Year ending September 30,
2015	$	1,693
2016		1,693
2017		1,693
2018		1,693
2019		425
2020 through 2024		—

Total	$	7,197

Actuarial Assumptions

The actuarial assumptions used to determine the benefit obligations at September 30, 2014 and September 30, 2013, and to determine the net periodic benefit cost for the year were as follows:

Qualified Defined Benefit Pension Plan

	2014			2013
Discount rate		3.80	%		4.40	%
Expected return on plan assets		5.00	%		5.80	%
Increases to non-GMP pensions in payment accrued pre 4/6/97		0.00	%		0.00	%
Increases to non-GMP pensions in payment accrued post 4/6/97		2.30	%		2.50	%
Rate of increases to deferred CPI linked benefits		2.30	%		2.50	%
Rate of increases to deferred RPI linked benefits		3.30	%		3.40	%

Mortality—90% of S1NxA tables, projected in line with 2013 CMI projection model and 1.0% pa long-term rate of improvement.

Estimated Future Benefit Payments

The Company's pension plan expects to make the following benefit payments to participants over the next 10 years:

	Pension Benefits
	(in thousands)
Year ending September 30,
2015	$	820
2016		686
2017		1,092
2018		822
2019		831
2020 through 2024		4,515

Total	$	8,766

Fair Value Measurements

The investment policy and strategy of the plan assets, as established by the Trustees of the plan, strive to maximize the likelihood of achieving primary objectives of the investment policy established for the plan. The primary objectives are:

Funding—to ensure that the Plan is fully funded using assumptions that contain a modest margin for prudence. Where an actuarial valuation reveals a deficit, a recovery plan will be put in place which will take into account the financial covenant of the employer;

Stability—to have due regard to the likely level and volatility of required contributions when setting the Plan's investment strategy; and

Security—to ensure that the solvency position of the Plan is expected to improve. The Trustees will take into account the strength of employer's covenant when determining the expected improvement in the solvency position of the Plan.

Assets were initially invested based on the target allocations stated below. The assets are allocated among equity investments and fixed income securities. The Trustees review the investment policy on an ongoing basis, to determine whether a change in the policy or asset allocation targets is necessary. The assets are not rebalanced and consisted of the following as of September 30, 2014:

	Target Allocation			Actual 2014
Equity securities		70	%		45.9	%
Fixed-income securities		30	%		53.6	%
Cash equivalents		0	%		0.5	%

Total		100.0	%		100.0	%

The class of equity securities consists of one pooled fund whose strategy is to invest in approximately 70% UK company shares (domestic) and 30% international equity securities. The class of fixed-income securities consists of one pooled fund whose strategy is to invest in a limited number of government and corporate bonds.

The expected long-term rate of return for the plan's total assets is based on the expected returns of each of the above categories, weighted based on the current target allocation for each class. The Trustees evaluate whether adjustments are needed based on historical returns to more accurately reflect expectations of future returns.

The Company is required to present certain fair value disclosures related to its postretirement benefit plan assets, even though those assets are not included on the Company's Consolidated Balance Sheets. The following table presents the fair value of the assets of the Company's qualified defined benefit pension plan by asset category and their level within the fair value hierarchy, which has three levels based on reliability of the inputs used to determine fair value. Level 1 refers to fair values determined based on quoted prices in active markets for identical assets, Level 2 refers to fair values estimated using significant other observable inputs, and Level 3 includes fair values estimated using significant unobservable inputs.

Balance as of September 30, 2014	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities		—	$	11,450		—	$	11,450
Fixed-income securities		—		13,371		—		13,371
Cash equivalents	$	125		—		—		125

Total	$	125	$	24,821		—	$	24,946

Balance as of September 30, 2013	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities		—	$	10,871		—	$	10,871
Fixed-income securities		—		11,003		—		11,003
Cash equivalents	$	132		—		—		132

Total	$	132	$	21,874		—	$	22,006

Valuation Techniques

The Company relies on pricing inputs from investment fund managers to value investments. The fund manager prices the underlying securities using independent external pricing sources, or determined according to approved pricing policies in circumstances where independent sources are not available.

Business Realignment Expenses

12 Months Ended

Sep. 30, 2014

Business Realignment Expenses

Business Realignment Expenses

15. Business Realignment Expenses

On October 1, 2014, the Company announced that it has realigned its workforce in response to the new terms and scope of its DoD (third) Surplus Contract for non-rolling stock and to adjust for the efficiencies realized in its commercial business through ongoing integration efforts to support the future vision and growth of the Company. The business realignment includes employee reductions across the organization, and includes positions related to the support of the DoD surplus business, capital asset and retail supply chain operations, and corporate functions. The business realignment expenses during the fiscal year ended September 30, 2014 include cash costs of $1.8 million in employee severance and benefit costs.

The table below sets forth the significant components and activity in the business realignment initiatives during the fiscal year ended September 30, 2014

	Liability Balance at September 30, 2013		Business Realignment Expenses		Cash Payments		Liability Balance at September 30, 2014
	(in thousands)
Employee severance and benefit costs		—	$	1,780		—	$	1,780

Total		—	$	1,780		—	$	1,780

The benefits are expected to be paid during fiscal year 2015. The business realignment expenses are recorded in costs and expenses from operations in the statement of operations for the year ended September 30, 2014, and in accrued expenses and other current liabilities on the balance sheet as of September 30, 2014.

Legal Proceedings	12 Months Ended
Legal Proceedings	Sep. 30, 2014
Legal Proceedings
Legal Proceedings	16. Legal Proceedings On July 14, 2014, Leonard Howard filed a putative class action complaint in the United States District Court for the District of Columbia against the Company and its chief executive officer, chief financial officer, and chief accounting officer, on behalf of shareholders who purchased the Company's common stock between February 1, 2012 and May 7, 2014. The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by, among other things, misrepresenting the Company's growth initiative, growth potential, and financial and operating conditions, thereby artificially inflating its share price, and seeks unspecified compensatory damages and costs and expenses, including attorneys' and experts' fees. On October 14, 2014, the Court appointed Caisse de Dépôt et Placement du Québec and the Newport News Employees' Retirement Fund as co-lead plaintiffs. Plaintiffs are scheduled to file an amended complaint by December 15, 2014. The Company intends to move to dismiss plaintiffs' expected amended complaint. The Company cannot estimate a range of the potential liability, if any, at this time.

Quarterly Results (Unaudited)

12 Months Ended

Sep. 30, 2014

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)

17. Quarterly Results (Unaudited)

The following table sets forth for the eight most recent quarters the selected unaudited quarterly consolidated statement of operations data. The unaudited quarterly consolidated statement of operations data has been prepared on the same basis as the Company's audited consolidated financial statements and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for the fair presentation of this data.

	Three months ended
	Dec. 31, 2012		Mar. 31, 2013		June 30, 2013		Sept. 30, 2013		Dec. 31, 2013		Mar. 31, 2014		June 30, 2014		Sept. 30, 2014
	(in thousands, except share and per share data)
Revenue from operations	$	122,205	$	130,324	$	124,199	$	129,128	$	121,948	$	128,329	$	126,965	$	118,419


Income before provision for income taxes from operations	$	11,181	$	21,522	$	18,813	$	17,139	$	11,843	$	9,463		28,588	$	523


Net income (loss) from operations	$	6,709	$	12,698	$	11,288	$	10,409	$	7,093	$	5,631	$	18,373	$	(707	)


Basic earnings (loss) per common share	$	0.21	$	0.40	$	0.36	$	0.33	$	0.22	$	0.17	$	0.59	$	(0.02	)


Diluted earnings (loss) per common share	$	0.20	$	0.39	$	0.35	$	0.32	$	0.22	$	0.17	$	0.59	$	(0.02	)


Basic weighted average shares outstanding		31,482,853		31,561,412		31,651,061		31,772,379		32,143,064		32,231,011		30,937,394		29,664,259


Diluted weighted average shares outstanding		33,054,264		32,331,686		32,540,187		32,702,807		32,658,070		32,321,482		30,937,394		29,664,259

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2014

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS
(dollars in thousands)

	Balance at beginning of period		Charged to expense		Reductions		Balance at end of period
Deferred tax valuation allowance (deducted from net deferred tax assets)
Year ended September 30, 2012	$	3,341	$	1,217		—	$	4,558
Year ended September 30, 2013		4,558		866		—		5,424
Year ended September 30, 2014		5,424		1,792		—		7,216
Allowance for doubtful accounts (deducted from accounts receivable)
Year ended September 30, 2012	$	514	$	962	$	228	$	1,248
Year ended September 30, 2013		1,248		337		694		891
Year ended September 30, 2014		891		240		89		1,042
Inventory allowance (deducted from inventory)
Year ended September 30, 2012	$	990	$	1,584	$	—	$	2,574
Year ended September 30, 2013		2,574		147		1,269		1,452
Year ended September 30, 2014		1,452		271		—		1,723

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies

Use of Estimates

Principles of Consolidation

Basis of Presentation

Discontinued Operations

Business Combinations

Cash and Cash Equivalents

The Company considers all highly liquid securities purchased with an initial maturity of three months or less to be cash equivalents.

Accounts Receivable

Inventory

Property and Equipment

Property and equipment is recorded at cost, and depreciated and amortized on a straight-line basis over the following estimated useful lives:

Computers and purchased software		One to five years
Office equipment		Three years
Furniture and fixtures		Five to seven years
Leasehold improvements		Shorter of lease term or useful life

Intangible Assets

Impairment of Long-Lived Assets

Goodwill

Revenue Recognition

The Company recognizes revenue when all of the following criteria are met:

a buyer submits the winning bid in an auction and, as a result, evidence of an arrangement exists and the sale price has been determined;

the buyer has assumed the risks and rewards of ownership; and

collection is reasonably assured.

The Company collects and remits sales taxes on merchandise that it purchases and sells, and reports such amounts under the net method in its Consolidated Statements of Operations.

Cost of Goods Sold

Risk Associated with Certain Concentrations

Income Taxes

The Company applies the authoritative guidance related to uncertainty in income taxes. The Company has concluded that there were no uncertain tax positions identified during its analysis.

Stock-Based Compensation

Advertising Costs

Fair Value of Financial Instruments

Foreign Currency Translation

Earnings per Share

(a) for the fiscal year ended September 30, 2014 - 836,303 options;

(b) for the fiscal year ended September 30, 2013 - 151,291 options; and

The following summarizes the potential outstanding common stock of the Company as of the dates set forth below:

	September 30,
	2014		2013		2012
	(dollars in thousands except per share and share data)
Weighted average shares calculation:
Basic weighted average shares outstanding		31,243,932		31,616,926		30,854,796
Treasury stock effect of options and restricted stock		151,369		1,040,310		1,928,283

Diluted weighted average common shares outstanding		31,395,301		32,657,236		32,783,079


Net income	$	30,390	$	41,104	$	48,296


Basic income per common share	$	0.97	$	1.30	$	1.57


Diluted income per common share	$	0.97	$	1.26	$	1.47

Recent Accounting Pronouncements

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies

Schedule of estimated useful lives of property and equipment

Computers and purchased software		One to five years
Office equipment		Three years
Furniture and fixtures		Five to seven years
Leasehold improvements		Shorter of lease term or useful life

Summary of potential outstanding common stock


	September 30,
	2014		2013		2012
	(dollars in thousands except per share and share data)
Weighted average shares calculation:
Basic weighted average shares outstanding		31,243,932		31,616,926		30,854,796
Treasury stock effect of options and restricted stock		151,369		1,040,310		1,928,283

Diluted weighted average common shares outstanding		31,395,301		32,657,236		32,783,079


Net income	$	30,390	$	41,104	$	48,296


Basic income per common share	$	0.97	$	1.30	$	1.57


Diluted income per common share	$	0.97	$	1.26	$	1.47

Acquisitions (Tables)

12 Months Ended

Sep. 30, 2014

Jacobs Trading, LLC

Acquisitions

Schedule of purchase price allocation

	Consideration Amount
	(in thousands)
Accounts receivable	$	4,710
Inventory		6,059
Prepaid expenses		120
Goodwill		110,226
Vendor contract intangible asset		33,300
Covenants not to compete		2,400
Property and equipment		847
Accounts payable		(1,837	)
Accrued liabilities		(3,101	)

Total consideration	$	152,724

GoIndustry

Acquisitions

Schedule of purchase price allocation

	Consideration Amount
	(in thousands)
Cash	$	10,091
Accounts receivable		3,987
Inventory		297
Prepaid expenses and deposits		1,075
Goodwill		34,152
Brand and technology intangible assets		4,877
Property and equipment		354
Accounts payable		(5,788	)
Accrued liabilities		(11,087	)
Pension liability		(6,468	)
Due to customers		(19,017	)
Other liabilities		(846	)

Total consideration	$	11,627

NESA

Acquisitions

Schedule of purchase price allocation

	Consideration Amount
	(in thousands)
Cash	$	3,760
Goodwill		27,009
Vendor contract intangible asset		3,936
Covenants not to compete		1,400
Other intangible asset		225
Property and equipment		234
Accrued liabilities		(204	)

Total consideration	$	36,360

Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2014

Property and Equipment

Schedule of property and equipment, including equipment under capital lease obligations

	September 30,
	2014			2013
	(in thousands)
Computers and purchased software	$	23,185		$	17,953
Office/Operational equipment		6,502			5,391
Furniture and fixtures		1,467			1,408
Vehicles		1,006			992
Leasehold improvements		4,729			4,319

		36,889			30,063
Less: Accumulated depreciation and amortization		(24,606	)		(19,683	)

	$	12,283		$	10,380

Goodwill (Tables)

12 Months Ended

Sep. 30, 2014

Goodwill.

Summary of goodwill activity

	Goodwill
	(in thousands)
Balance at September 30, 2012	$	185,771
New acquisitions		27,009
Translation adjustments		(1,069	)

Balance at September 30, 2013		211,711
Translation adjustments		(2,055	)

Balance at September 30, 2014	$	209,656

Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2014

Intangible Assets

Schedule of intangible assets

			September 30, 2014							September 30, 2013
	Useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(dollars in thousands)
Contract intangibles		2 - 5	$	33,300	$	(21,796	)	$	11,504	$	37,236	$	(16,696	)	$	20,540
Brand and technology		3 - 5		5,947		(2,852	)		3,095		5,965		(1,666	)		4,299
Covenants not to compete		3 - 5		4,330		(2,245	)		2,085		4,440		(1,439	)		3,001
Patent and trademarks		3 - 10		672		(257	)		415		509		(144	)		365

Total intangible assets, net								$	17,099						$	28,205

Schedule of future expected amortization of intangible assets

Years ending September 30,	Amortization
	(in thousands)
2015	$	8,378
2016		6,278
2017		1,435
2018		875
2019 and after		133

Total	$	17,099

Commitments (Tables)

12 Months Ended

Sep. 30, 2014

Commitments

Schedule of future minimum payments under leases

Years ending September 30,	Operating Lease Payments
	(in thousands)
2015	$	10,457
2016		7,582
2017		5,430
2018		4,177
2019		2,419
2020		—

Total future minimum lease payments	$	30,065

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2014

Income Taxes

Schedule of components of provision for income taxes of continuing operations

	Year ended September 30,
	2014			2013			2012
	(in thousands)
Current tax provision:
U.S. Federal	$	14,328		$	27,611		$	28,124
State		2,613			5,035			5,129
Foreign		1,888			1,757			118

		18,829			34,403			33,371
Deferred tax (benefit) expense:
U.S. Federal		(2,886	)		(6,012	)		(1,454	)
State		(526	)		(1,096	)		(265	)
Foreign		4,240			256			—

		828			(6,852	)		(1,719	)

Total provision	$	19,657		$	27,551		$	31,652

Schedule of significant components of deferred tax assets and liabilities

	September 30,
	2014			2013
	(in thousands)
Deferred tax assets:
Net operating losses—Foreign	$	6,426		$	4,572
Net operating losses—US		1,674			2,107
Accrued vacation and bonus		2,040			2,342
Inventory capitalization		7,328			4,048
Inventory reserves		105			565
Allowance for doubtful accounts		291			252
Stock compensation expense		10,259			8,036
Amortization of intangibles		9,071			6,666
Pension liability		790			852
Other		273			352

Total deferred tax assets before valuation allowance		38,257			29,792
Less: valuation allowance		(7,216	)		(5,424	)

Net deferred tax assets		31,041			24,368
Deferred tax liabilities:
Amortization of goodwill		16,022			7,339
Depreciation		754			1,235

Total deferred tax liabilities	$	16,776		$	8,574

Net deferred taxes	$	14,265		$	15,794

Schedule of reconciliation of U.S. federal statutory rate to effective rate for continuing operations

	Year ended September 30,
	2014			2013			2012
U.S. statutory rate		35.0	%		35.0	%		35.0	%
Permanent items		0.5			0.6			—
State taxes		2.7			3.9			3.9
Net foreign rate differential		(2.5	)		(0.7	)		(0.8	)
Change in valuation allowance		3.6			1.3			1.5

Provision for income taxes		39.3	%		40.1	%		39.6	%

Stockholders' Equity (Tables)

12 Months Ended

Sep. 30, 2014

Stockholders' Equity

Summary of share repurchase activity

Fiscal Year Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Cash Paid for Shares Purchased		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)
2009		707,462	$	5.50	$	3,874,000	$	6,126,000
2010		1,225,019	$	11.53		14,471,000		1,655,000
2011		229,575	$	15.39		3,541,000		18,114,000
2012		505,067	$	59.41		30,000,000		18,114,000
2013		—		—		—		31,000,000
2014		2,962,978	$	15.90	$	44,873,000	$	5,127,000

(1)

Summary of stock option activity

	Options			Weighted- Average Exercise Price
Options outstanding at September 30, 2011		2,894,547		$	11.55
Options granted		181,783			34.42
Options exercised		(1,322,387	)		11.72
Options canceled		(78,148	)		12.72

Options outstanding at September 30, 2012		1,675,795			13.84
Options granted		171,994			35.76
Options exercised		(223,139	)		11.35
Options canceled		(32,244	)		18.67

Options outstanding at September 30, 2013		1,592,406			16.46
Options granted		437,755			22.41
Options exercised		(383,160	)		10.83
Options canceled		(181,094	)		18.14

Options outstanding at September 30, 2014		1,465,907			19.50


Options exercisable at September 30, 2014		890,103			16.15

Summary of information about options outstanding and exercisable

The following table summarizes information about options outstanding at September 30, 2014:

	Options Outstanding
Range of Exercise Price	Number Outstanding		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price
$3.00 - 8.00		148,448		4.20	$	7.38
$8.23 - $46.72		1,317,459		6.52		20.87

		1,465,907		6.10		19.50

The following table summarizes information about options exercisable at September 30, 2014:

	Options Exercisable
Range of Exercise Price	Number Exercisable		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price
$3.00 - $46.72		890,103		4.38	$	16.15

Summary of information about assumptions used in valuing options granted

	Year ended September 30
	2014		2013		2012
Dividend yield		—		—		—
Expected volatility		50.9% - 60.6%		51.8% - 60.6%		60.4	%
Risk-free interest rate		0.1% - 1.2%		0.1% - 1.0%		0.6	%
Expected forfeiture rate		19.7% - 22.8%		19.7%		19.0	%

Summary of restricted share activity

	Restricted Shares			Weighted- Average Fair Value
Unvested restricted shares at September 30, 2011		1,294,082		$	13.13
Restricted shares granted		633,647			34.05
Restricted shares vested		(390,068	)		12.53
Restricted shares canceled		(138,052	)		15.70

Unvested restricted shares at September 30, 2012		1,399,609			22.51
Restricted shares granted		997,857			36.97
Restricted shares vested		(450,514	)		21.18
Restricted shares canceled		(403,083	)		35.39

Unvested restricted shares at September 30, 2013		1,543,869			28.89
Restricted shares granted		1,040,748			18.78
Restricted shares vested		(436,204	)		24.72
Restricted shares canceled		(250,586	)		23.87

Unvested restricted shares at September 30, 2014		1,897,827			24.96

Fair Value Measurement (Tables)

12 Months Ended

Sep. 30, 2014

Fair Value Measurement

Schedule of changes in liabilities measured at fair value for which Level 3 inputs used to determine fair value

The changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value for the year ended September 30, 2014 are as follows ($ in thousands):

	Level 3 Liabilities
Balance at September 30, 2012	$	14,511
Acquisition contingent consideration		18,050
Settlements		(19,608	)
Change in fair value of contingent consideration		5,437

Balance at September 30, 2013		18,390
Acquisition contingent consideration		—
Settlements		—
Change in fair value of contingent consideration		(18,390	)

Balance at September 30, 2014	$	—

Defined Benefit Pension Plan (Tables)

12 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plan

Schedule of net periodic benefit cost recognized

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Service cost		—			—
Interest cost	$	1,125		$	1,055
Expected return on plan assets		(1,324	)		(1,055	)

Total net periodic benefit cost		(199	)		—

Schedule of reconciliation of benefit obligations, plan assets, and unfunded status related to qualified defined benefit pension plan

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Change in benefit obligation
Beginning balance	$	25,558		$	25,106
Acquisitions/divestitures		—			—
Service cost		—			—
Interest cost		1,125			1,055
Benefits paid		(1,104	)		(617	)
Actuarial (gain)/loss		1,924			(33	)
Plan amendments		—			—
Foreign currency exchange rate changes		24			47
Participants' contributions		—			—

Ending balance	$	27,527		$	25,558

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Change in plan assets
Beginning balance at fair value	$	22,006		$	19,320
Acquisitions/divestitures		—			—
Actual return on plan assets		2,321			1,566
Benefits paid		(1,104	)		(617	)
Employer's contributions		1,727			1,632
Participants' contributions		—			—
Foreign currency exchange rate changes		(4	)		105

Ending balance at fair value	$	24,946		$	22,006


Underfunded status of the plan	$	(2,581	)	$	(3,552	)

Schedule of amount recognized in other comprehensive loss related to qualified defined benefit pension plan, net of tax

Qualified Defined Benefit Pension Plan

	Year ended September 30,
	2014			2013
	(in thousands)
Accumulated OCI
Accumulated OCI at beginning of year	$	(1,147	)	$	(584	)
New actuarial (gains)/losses		927			(563	)

Accumulated OCI at end of year	$	(220	)	$	(1,147	)

Schedule of expected pension plan contributions

	Plan Contributions
	(in thousands)
Year ending September 30,
2015	$	1,693
2016		1,693
2017		1,693
2018		1,693
2019		425
2020 through 2024		—

Total	$	7,197

Schedule of actuarial assumptions used to determine benefit obligations and net periodic benefit cost

Qualified Defined Benefit Pension Plan

	2014			2013
Discount rate		3.80	%		4.40	%
Expected return on plan assets		5.00	%		5.80	%
Increases to non-GMP pensions in payment accrued pre 4/6/97		0.00	%		0.00	%
Increases to non-GMP pensions in payment accrued post 4/6/97		2.30	%		2.50	%
Rate of increases to deferred CPI linked benefits		2.30	%		2.50	%
Rate of increases to deferred RPI linked benefits		3.30	%		3.40	%

Schedule of expected benefit payments to participants

	Pension Benefits
	(in thousands)
Year ending September 30,
2015	$	820
2016		686
2017		1,092
2018		822
2019		831
2020 through 2024		4,515

Total	$	8,766

Schedule of allocation of plan assets

	Target Allocation			Actual 2014
Equity securities		70	%		45.9	%
Fixed-income securities		30	%		53.6	%
Cash equivalents		0	%		0.5	%

Total		100.0	%		100.0	%

Schedule of fair value of assets of qualified defined benefit pension plan by asset category and level within fair value hierarchy

Balance as of September 30, 2014	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities		—	$	11,450		—	$	11,450
Fixed-income securities		—		13,371		—		13,371
Cash equivalents	$	125		—		—		125

Total	$	125	$	24,821		—	$	24,946

Balance as of September 30, 2013	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities		—	$	10,871		—	$	10,871
Fixed-income securities		—		11,003		—		11,003
Cash equivalents	$	132		—		—		132

Total	$	132	$	21,874		—	$	22,006

Business Realignment Expenses (Tables)

12 Months Ended

Sep. 30, 2014

Business Realignment Expenses

Schedule of significant components and activity in business realignment initiatives

	Liability Balance at September 30, 2013		Business Realignment Expenses		Cash Payments		Liability Balance at September 30, 2014
	(in thousands)
Employee severance and benefit costs		—	$	1,780		—	$	1,780

Total		—	$	1,780		—	$	1,780

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2014

Quarterly Results (Unaudited)

Schedule of unaudited quarterly consolidated statement of operations data

	Three months ended
	Dec. 31, 2012		Mar. 31, 2013		June 30, 2013		Sept. 30, 2013		Dec. 31, 2013		Mar. 31, 2014		June 30, 2014		Sept. 30, 2014
	(in thousands, except share and per share data)
Revenue from operations	$	122,205	$	130,324	$	124,199	$	129,128	$	121,948	$	128,329	$	126,965	$	118,419


Income before provision for income taxes from operations	$	11,181	$	21,522	$	18,813	$	17,139	$	11,843	$	9,463		28,588	$	523


Net income (loss) from operations	$	6,709	$	12,698	$	11,288	$	10,409	$	7,093	$	5,631	$	18,373	$	(707	)


Basic earnings (loss) per common share	$	0.21	$	0.40	$	0.36	$	0.33	$	0.22	$	0.17	$	0.59	$	(0.02	)


Diluted earnings (loss) per common share	$	0.20	$	0.39	$	0.35	$	0.32	$	0.22	$	0.17	$	0.59	$	(0.02	)


Basic weighted average shares outstanding		31,482,853		31,561,412		31,651,061		31,772,379		32,143,064		32,231,011		30,937,394		29,664,259


Diluted weighted average shares outstanding		33,054,264		32,331,686		32,540,187		32,702,807		32,658,070		32,321,482		30,937,394		29,664,259

Organization (Details)	12 Months Ended
Organization (Details)	Sep. 30, 2014 segment item
Organization
Number of Product Categories Offered, Minimum \| item	500
Reportable segment, number \| segment	1

Organization (Details 2)	12 Months Ended
Organization (Details 2)	Sep. 30, 2014
Revenue \| Geographic Concentration Risk \| Outside Of United States
Revenues by geographic area
Concentration risk (as a percent)	10.10%

Summary of Significant Accounting Policies (Detail 1)	12 Months Ended
Summary of Significant Accounting Policies (Detail 1)	Sep. 30, 2014
Computers and purchased software \| Minimum
Property and Equipment
Estimated useful life	1 year
Computers and purchased software \| Maximum
Property and Equipment
Estimated useful life	5 years
Office equipment
Property and Equipment
Estimated useful life	3 years
Furniture and fixtures \| Minimum
Property and Equipment
Estimated useful life	5 years
Furniture and fixtures \| Maximum
Property and Equipment
Estimated useful life	7 years

Summary of Significant Accounting Policies (Detail 2)	12 Months Ended
Summary of Significant Accounting Policies (Detail 2)	Sep. 30, 2014
Minimum
Intangible Assets
Estimated useful life	3 years
Maximum
Intangible Assets
Estimated useful life	7 years

Summary of Significant Accounting Policies (Detail 3)	12 Months Ended
Summary of Significant Accounting Policies (Detail 3)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Maximum
Risk Associated with Certain Concentrations
Term for release of funds to the seller	30 days
GMV \| Commercial seller
Risk Associated with Certain Concentrations
Concentration risk (as a percent)	11.00%	11.00%	20.00%

Summary of Significant Accounting Policies (Detail 4)	Sep. 30, 2014 USD ($)
Summary of Significant Accounting Policies
Uncertain tax positions	$ 0

Summary of Significant Accounting Policies (Detail 5) - USD ($)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Advertising Costs
Advertising costs	$ 7,229,000	$ 4,560,000	$ 4,939,000

Summary of Significant Accounting Policies (Detail 6) - Restricted shares - $ / shares	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Earnings per Share
Unvested restricted shares	1,897,827	1,543,869	1,399,609	1,294,082
Issue price (in dollars per share)	$ 24.96	$ 28.89	$ 22.51	$ 13.13
Unvested shares included in calculation of diluted income per share	341,137	383,831
Minimum
Earnings per Share
Issue price (in dollars per share)	$ 7.48	$ 7.48	7.48
Maximum
Earnings per Share
Issue price (in dollars per share)	$ 52.55	$ 52.55	$ 52.55

Summary of Significant Accounting Policies (Detail 7) - shares	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Employee and director options
Stock options excluded from the calculation of diluted income per share
Stock options excluded from the calculation of diluted income per share (in shares)	836,303	151,291	0

Summary of Significant Accounting Policies (Detail 8) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Weighted average shares calculation:
Basic weighted average shares outstanding	29,664,259	30,937,394	32,231,011	32,143,064	31,772,379	31,651,061	31,561,412	31,482,853	31,243,932	31,616,926	30,854,796
Treasury stock effect of options and restricted stock (in shares)									151,369	1,040,310	1,928,283
Diluted weighted average common shares outstanding	29,664,259	30,937,394	32,321,482	32,658,070	32,702,807	32,540,187	32,331,686	33,054,264	31,395,301	32,657,236	32,783,079
Net income	$ (707)	$ 18,373	$ 5,631	$ 7,093	$ 10,409	$ 11,288	$ 12,698	$ 6,709	$ 30,390	$ 41,104	$ 48,296
Basic earnings per common share (in dollars per share)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ 0.33	$ 0.36	$ 0.40	$ 0.21	$ 0.97	$ 1.30	$ 1.57
Diluted earnings per common share (in dollars per share)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ 0.32	$ 0.35	$ 0.39	$ 0.20	$ 0.97	$ 1.26	$ 1.47

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

Significant Contracts (Detail)			1 Months Ended			12 Months Ended
Significant Contracts (Detail)	Sep. 30, 2014 USD ($)	Apr. 02, 2014 Option contract	Jan. 31, 2014 Option	Jun. 30, 2012 Option	Feb. 29, 2012 Option	Sep. 30, 2014 USD ($) Option period	Sep. 30, 2013 USD ($)	Sep. 30, 2012 USD ($)
Significant Contracts
Liability for inventory included in accrued expenses and other current liabilities	$ 44,484,000					$ 44,484,000	$ 34,825,000
Profit-sharing distributions						35,055,000	35,944,000	$ 43,242,000
Profit-sharing distributions accrued	4,740,000					$ 4,740,000	4,315,000
Surplus Contract
Significant Contracts
Number of renewal options \| Option					2
Term of renewal options					1 year
Base term of follow-on contract extension			10 months
Number of renewal options under follow-on contract \| Option			2
Term of each renewal option under follow-on contract			1 month
Usable surplus property to be purchased as a fixed percentage of DoD's original acquisition value						1.80%
Profits from resale of the property retained (as a percent)						100.00%
Liability for inventory included in accrued expenses and other current liabilities	$ 19,545,000					$ 19,545,000	$ 9,257,000
Surplus Contract \| Revenue \| U.S. Department of Defense
Significant Contracts
Concentration risk (as a percent)						26.80%	27.70%	27.20%
Surplus Contract \| Rolling stock \| Surplus contract revenue \| U.S. Department of Defense \| Minimum
Significant Contracts
Concentration risk (as a percent)						30.00%
Surplus Contract \| Rolling stock \| Surplus contract revenue \| U.S. Department of Defense \| Maximum
Significant Contracts
Concentration risk (as a percent)						35.00%
Sale of surplus assets of U.S. Department of Defense
Significant Contracts
Number of surplus contracts on which bidding was held \| contract		2
Non-rolling stock surplus contract
Significant Contracts
Number of renewal options \| Option		4
Term of renewal options		1 year
Term of contract		2 years
Non-rolling stock surplus contract \| Expected
Significant Contracts
Usable surplus property to be purchased as a fixed percentage of DoD's original acquisition value	4.35%	4.35%
Scrap Contract
Significant Contracts
Number of renewal options \| Option				3
Term of renewal options				1 year
Number of renewal options exercised \| Option						3
Profits distributed to DLA Disposition Services (as a percent)						77.00%
Performance incentive measurement period						12 months
Amount of performance incentive earned						$ 1,326,000	$ 1,265,000	$ 1,651,000
Profit-sharing distributions						34,935,000	35,944,000	43,242,000
Profit-sharing distributions accrued	$ 4,740,000					$ 4,740,000	$ 4,315,000	$ 4,041,000
Number of consecutive quarterly periods in which performance ratio does not exceed benchmark ratios resulting in contract termination \| period						2
Number of preceding months in which performance ratio does not exceed benchmark ratios resulting in contract termination						12 months
Scrap Contract \| Maximum
Significant Contracts
Additional profit sharing distribution (as a percent)						2.00%
Scrap Contract \| Revenue \| U.S. Department of Defense
Significant Contracts
Concentration risk (as a percent)						14.40%	13.50%	16.10%

Acquisitions (Details)				3 Months Ended		12 Months Ended
Acquisitions (Details)	Nov. 02, 2012 USD ($)	Jul. 31, 2012 USD ($)	Oct. 02, 2011 USD ($) shares	Mar. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Sep. 30, 2014 USD ($)	Dec. 31, 2013	Sep. 30, 2013 USD ($)	Dec. 31, 2012	Sep. 30, 2012 USD ($)	Jun. 30, 2014 USD ($)	Jul. 31, 2012 £ / shares	Jul. 31, 2012 USD ($) item
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Goodwill						$ 209,656,000		$ 211,711,000		$ 185,771,000
Jacobs Trading, LLC
Acquisitions
Upfront cash payment			$ 80,000,000
Period of actual performance of the acquiree entity after the closing date of acquisition to calculate the earn-out							12 months		12 months
Possible total earn out payment, high end of range			30,000,000
Estimated fair value of earn-out			8,300,000					0		14,500,000
Additional liability accrued (liability reversed)					$ 5,100,000					$ 6,200,000
Earn-out payments made				$ 2,200,000	$ 17,400,000
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Accounts receivable			4,710,000
Inventory			6,059,000
Prepaid expenses			120,000
Goodwill			110,226,000
Property and equipment			847,000
Accounts payable			(1,837,000)
Accrued liabilities			(3,101,000)
Total consideration			$ 152,724,000
Revenue						93,300,000		99,800,000
Jacobs Trading, LLC \| Restricted shares
Acquisitions
Stock consideration paid for acquisition (in shares) \| shares			900,171
Stock consideration			$ 24,500,000
Number of months for which stock is not freely tradable			6 months
Jacobs Trading, LLC \| Restricted shares \| Level 3 \| Put Option Analysis
Acquisitions
Discount rate (as a percent)			15.00%
Jacobs Trading, LLC \| Seller subordinated unsecured note
Acquisitions
Fixed interest rate (as a percent)			5.00%
Note issued to seller			$ 40,000,000
Jacobs Trading, LLC \| Contract intangibles
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets			33,300,000
Jacobs Trading, LLC \| Covenants not to compete
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets			$ 2,400,000
GoIndustry
Acquisitions
Acquisition price		$ 11,600,000
Share purchase price (in pound sterling per share) \| £ / shares												£ 73.00
Number of countries in North America, Europe and Asia in which the entity operates \| item													25
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Cash													$ 10,091,000
Accounts receivable													3,987,000
Inventory													297,000
Prepaid expenses													1,075,000
Goodwill													34,152,000
Property and equipment													354,000
Accounts payable													(5,788,000)
Accrued liabilities													(11,087,000)
Pension liability													(6,468,000)
Due to customers													(19,017,000)
Other liabilities													(846,000)
Total consideration													11,627,000
Expected tax deductible amount of goodwill													5,500,000
Revenue						36,800,000		$ 38,600,000
GoIndustry \| Brand and technology intangible assets
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets													$ 4,877,000
NESA
Acquisitions
Upfront cash payment	$ 18,300,000
Percentage EBITDA growth capped	20.00%
Possible total earn out payment, low end of range	$ 0
Possible total earn out payment, high end of range	37,700,000
Estimated fair value of earn-out	18,000,000										$ 0
Additional liability accrued (liability reversed)						$ 18,600,000
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Cash	3,760,000
Goodwill	27,009,000
Property and equipment	234,000
Accrued liabilities	(204,000)
Total consideration	$ 36,360,000
Percentage of expected tax deductible of goodwill	75.00%
NESA \| Contract intangibles
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	$ 3,936,000
NESA \| Covenants not to compete
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	1,400,000
NESA \| Other intangible asset
Purchase consideration allocated to acquired tangible assets, identifiable intangible assets, liabilities assumed and goodwill
Finite-lived intangible assets	$ 225,000
NESA \| Minimum
Acquisitions
Period after the closing date of acquisition during which EBITDA earned is used to calculate the earn-out	P36M
NESA \| Maximum
Acquisitions
Period after the closing date of acquisition during which EBITDA earned is used to calculate the earn-out	P48M

Property and Equipment (Detail) - USD ($)	12 Months Ended
Property and Equipment (Detail) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Property and Equipment
Property and equipment, gross	$ 36,889,000	$ 30,063,000
Less: accumulated depreciation and amortization	(24,606,000)	(19,683,000)
Property and equipment, net	12,283,000	10,380,000
Depreciation and amortization	5,623,000	5,696,000	$ 4,714,000
Computers and purchased software
Property and Equipment
Property and equipment, gross	23,185,000	17,953,000
Office/Operational equipment
Property and Equipment
Property and equipment, gross	6,502,000	5,391,000
Furniture and fixtures
Property and Equipment
Property and equipment, gross	1,467,000	1,408,000
Vehicles
Property and Equipment
Property and equipment, gross	1,006,000	992,000
Leasehold improvements
Property and Equipment
Property and equipment, gross	$ 4,729,000	$ 4,319,000

Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
Goodwill (Detail) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013
Goodwill
Balance at the beginning of the period	$ 211,711	$ 185,771
New acquisitions		27,009
Translation adjustments	(2,055)	(1,069)
Balance at the end of the period	209,656	$ 211,711
Accumulated goodwill impairment losses as a result of ceasing operations of the Company's business in the United Kingdom	$ 13,400

Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013
Intangible Assets
Net Carrying Amount	$ 17,099	$ 28,205
Minimum
Intangible Assets
Useful Life	3 years
Maximum
Intangible Assets
Useful Life	7 years
Contract intangibles
Intangible Assets
Gross Carrying Amount	$ 33,300	37,236
Accumulated Amortization	(21,796)	(16,696)
Net Carrying Amount	$ 11,504	20,540
Contract intangibles \| Minimum
Intangible Assets
Useful Life	2 years
Contract intangibles \| Maximum
Intangible Assets
Useful Life	5 years
Brand and technology intangible assets
Intangible Assets
Gross Carrying Amount	$ 5,947	5,965
Accumulated Amortization	(2,852)	(1,666)
Net Carrying Amount	$ 3,095	4,299
Brand and technology intangible assets \| Minimum
Intangible Assets
Useful Life	3 years
Brand and technology intangible assets \| Maximum
Intangible Assets
Useful Life	5 years
Covenants not to compete
Intangible Assets
Gross Carrying Amount	$ 4,330	4,440
Accumulated Amortization	(2,245)	(1,439)
Net Carrying Amount	$ 2,085	3,001
Covenants not to compete \| Minimum
Intangible Assets
Useful Life	3 years
Covenants not to compete \| Maximum
Intangible Assets
Useful Life	5 years
Patent and trademarks
Intangible Assets
Gross Carrying Amount	$ 672	509
Accumulated Amortization	(257)	(144)
Net Carrying Amount	$ 415	$ 365
Patent and trademarks \| Minimum
Intangible Assets
Useful Life	3 years
Patent and trademarks \| Maximum
Intangible Assets
Useful Life	10 years

Intangible Assets (Detail 2) - USD ($)	12 Months Ended
Intangible Assets (Detail 2) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Future expected amortization of intangible assets
2015	$ 8,378,000
2016	6,278,000
2017	1,435,000
2018	875,000
2019 and after	133,000
Net Carrying Amount	17,099,000	$ 28,205,000
Amortization expense	$ 10,972,000	$ 11,678,000	$ 9,451,000

Debt (Detail) - USD ($)		1 Months Ended	12 Months Ended
Debt (Detail) - USD ($)	Oct. 02, 2011	Nov. 30, 2012	Sep. 30, 2014	Sep. 30, 2013
Debt
Gain on the early extinguishment of debt				$ 1,000,000
Senior credit facility, as amended
Debt
Maximum borrowings			$ 75,000,000
Interest rate at period end (as a percent)			1.402%
Amount outstanding			$ 0
Available borrowing capacity			$ 64,900,000
Senior credit facility, as amended \| LIBOR
Debt
Interest rate basis			30 day LIBOR rate
Percentage added to reference rate			1.25%
Senior credit facility, as amended \| Issued letters of credit
Debt
Amount outstanding			$ 10,100,000
Seller subordinated unsecured note \| Jacobs Trading, LLC
Debt
Principal amount of debt issued	$ 40,000,000
Interest rate (as a percent)	5.00%
Gain on the early extinguishment of debt		$ 1,000,000

Commitments (Detail) - USD ($)	12 Months Ended
Commitments (Detail) - USD ($)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2014
Commitments
Deferred rent charges included in other long-term liabilities	$ 893,000			$ 1,113,000
Future minimum payments under the leases
2015				10,457,000
2016				7,582,000
2017				5,430,000
2018				4,177,000
2019				2,419,000
Total future minimum lease payments				$ 30,065,000
Rent expense	$ 12,099,000	$ 11,236,000	$ 8,639,000

401(k) Benefit Plan (Detail) - USD ($)	12 Months Ended
401(k) Benefit Plan (Detail) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
401(k) Benefit Plan
Amount contributed and recorded expense under the 401(k) Benefit Plan	$ 2,680,000	$ 2,382,000	$ 1,113,000

Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Detail) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Current tax provision:
U.S. Federal	$ 14,328	$ 27,611	$ 28,124
State	2,613	5,035	5,129
Foreign	1,888	1,757	118
Current income tax expense	18,829	34,403	33,371
Deferred tax (benefit) expense:
U.S. Federal	(2,886)	(6,012)	(1,454)
State	(526)	(1,096)	(265)
Foreign	4,240	256
Total deferred tax benefit (expense)	828	(6,852)	(1,719)
Total provision	$ 19,657	$ 27,551	$ 31,652

Income Taxes (Detail 2) - USD ($)	Sep. 30, 2014	Sep. 30, 2013
Deferred tax assets:
Net operating losses-Foreign	$ 6,426,000	$ 4,572,000
Net operating losses-US	1,674,000	2,107,000
Accrued vacation and bonus	2,040,000	2,342,000
Inventory capitalization	7,328,000	4,048,000
Inventory reserves	105,000	565,000
Allowance for doubtful accounts	291,000	252,000
Stock compensation expense	10,259,000	8,036,000
Amortization of intangibles	9,071,000	6,666,000
Pension liability	790,000	852,000
Other	273,000	352,000
Total deferred tax assets before valuation allowance	38,257,000	29,792,000
Less: valuation allowance	(7,216,000)	(5,424,000)
Net deferred tax assets	31,041,000	24,368,000
Deferred tax liabilities:
Amortization of goodwill	16,022,000	7,339,000
Depreciation	754,000	1,235,000
Total deferred tax liabilities	16,776,000	8,574,000
Net deferred taxes	14,265,000	15,794,000
Prepaid and deferred taxes
Deferred taxes
Net current deferred tax asset	12,321,000	10,558,000
Deferred taxes and other assets
Deferred taxes
Net non-current deferred tax asset	6,160,000	$ 5,236,000
Other liabilities
Deferred taxes
Net non-current deferred tax liability	$ 4,217,000

Income Taxes (Detail 3)	12 Months Ended
Income Taxes (Detail 3)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Reconciliation of the U.S. federal statutory rate to the effective rate for continuing operations
U.S. statutory rate (as a percent)	35.00%	35.00%	35.00%
Permanent items (as a percent)	0.50%	0.60%
State taxes (as a percent)	2.70%	3.90%	3.90%
Net foreign rate differential (as a percent)	(2.50%)	(0.70%)	(0.80%)
Changes in valuation allowance (as a percent)	3.60%	1.30%	1.50%
Provision for income taxes (as a percent)	39.30%	40.10%	39.60%

Income Taxes (Detail 4) - USD ($)	Sep. 30, 2014	Sep. 30, 2013
Net operating loss (NOL) carryforwards
Deferred tax assets related to available foreign NOL carryforwards	$ 6,426,000	$ 4,572,000
Deferred tax asset related to NOL carryforwards	1,674,000	2,107,000
Undistributed foreign earnings	8,000,000
Cash and cash equivalents held overseas on which taxes would be incurred upon repatriation	9,300,000	$ 10,500,000
Uncertain tax positions
Uncertain tax positions	0
Network International, Inc.
Net operating loss (NOL) carryforwards
Deferred tax asset related to NOL carryforwards	1,674,000
Foreign
Net operating loss (NOL) carryforwards
NOLs subject to expiration	$ 547,000

Stockholders' Equity (Detail) - $ / shares	12 Months Ended
Stockholders' Equity (Detail) - $ / shares	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2009	Dec. 02, 2005
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares available for issuance							10,000,000
Remaining shares reserved for issuance	772,227				3,986,513	5,189,996
Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period	1 year
Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period	4 years
Options granted to employees \| Performance-based
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Shares and options vesting period	12 months
Options granted to employees \| Performance-based \| Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Actual payout as a percent of employee target payout, based upon the entity's actual performance during the previous twelve months	0.00%
Options granted to employees \| Performance-based \| Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Actual payout as a percent of employee target payout, based upon the entity's actual performance during the previous twelve months	100.00%
Incentive stock options \| Holder of at least 10% of common stock \| Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Exercise price of stock option as a percentage of the fair market value of the common stock on the date of grant	110.00%
Employee and director options
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted (in shares)	437,755	171,994	181,783	321,072	624,566
Options granted, exercise prices (in dollars per share)	$ 22.41	$ 35.76	$ 34.42
Options forfeited (in shares)	181,094	32,244	78,148	73,591	75,467
Employee and director options \| Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted, exercise prices (in dollars per share)	$ 21.53	$ 29.47	$ 31.37	$ 14.30	$ 9.05
Exercise price of stock option as a percentage of the fair market value of the common stock on the date of grant	100.00%
Employee and director options \| Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Options granted, exercise prices (in dollars per share)	$ 31.37	$ 46.72	$ 42.31	$ 17.02	$ 13.96
Term of stock option	10 years
Restricted shares
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Restricted shares granted (in shares)	1,040,748	997,857	633,647	736,340	699,410
Restricted shares granted (in dollars per share)	$ 18.78	$ 36.97	$ 34.05
Restricted shares forfeited (in shares)	250,586	403,083	138,052	150,112	45,026
Restricted shares \| Minimum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Restricted shares granted (in dollars per share)	$ 13.11	$ 29.47	$ 31.37	$ 12.88	$ 9.05
Restricted shares \| Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Restricted shares granted (in dollars per share)	$ 38.09	$ 42.47	$ 52.55	$ 25.52	$ 13.96
Restricted shares \| Performance-based \| Non-employee
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Restricted shares granted (in shares)		335,000	100,000
Restricted shares forfeited (in shares)		281,500
Options or stock appreciation rights \| Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Number of shares awarded per person per year	1,000,000
Other than options or stock appreciation rights \| Maximum
2006 Omnibus Long-Term Incentive Plan (the 2006 Plan)
Number of shares awarded per person per year	700,000

Stockholders' Equity (Detail 2) - USD ($)	12 Months Ended
Stockholders' Equity (Detail 2) - USD ($)	Sep. 30, 2014	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2009	Feb. 05, 2014	Dec. 12, 2013	Sep. 30, 2013	May 17, 2012	May 31, 2011	Nov. 30, 2010	Feb. 02, 2010	Dec. 02, 2008
Stockholders' Equity
Share repurchase program approved amount	$ 101,900,000												$ 10,000,000
Total Number of Shares Purchased	2,962,978		229,575	1,225,019	707,462
Total Number of Shares Purchased		505,067
Average Price Paid per Share (in dollars per share)	$ 15.90	$ 59.41	$ 15.39	$ 11.53	$ 5.50
Total Cash Paid for Shares Purchased	$ 44,873,000	$ 29,999,000	$ 3,541,000	$ 14,471,000	$ 3,874,000
Total Cash Paid for Shares Purchased		30,000,000
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	$ 5,127,000	$ 18,114,000	$ 18,114,000	$ 1,655,000	$ 6,126,000			$ 31,000,000
Additional amount authorized under share repurchase program						$ 19,000,000	$ 12,900,000		$ 30,000,000	$ 10,000,000	$ 10,000,000	$ 10,000,000

Stockholders' Equity (Detail 3) - Employee and director options - $ / shares	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Stock option activity
Options outstanding at the beginning of the period (in shares)	1,592,406	1,675,795	2,894,547
Options granted (in shares)	437,755	171,994	181,783	321,072	624,566
Options exercised (in shares)	(383,160)	(223,139)	(1,322,387)
Options cancelled (in shares)	(181,094)	(32,244)	(78,148)	(73,591)	(75,467)
Options outstanding at the end of the period (in shares)	1,465,907	1,592,406	1,675,795	2,894,547
Options exercisable at the end of the period (in shares)	890,103
Weighted-Average Exercise Price
Options outstanding at the beginning of the period (in dollars per share)	$ 16.46	$ 13.84	$ 11.55
Options granted (in dollars per share)	22.41	35.76	34.42
Options exercised (in dollars per share)	10.83	11.35	11.72
Options cancelled (in dollars per share)	18.14	18.67	12.72
Options outstanding at the end of the period (in dollars per share)	19.50	$ 16.46	$ 13.84	$ 11.55
Options exercisable at the end of the period (in dollars per share)	$ 16.15

Stockholders' Equity (Detail 4)	12 Months Ended
Stockholders' Equity (Detail 4)	Sep. 30, 2014 $ / shares shares
Options Outstanding
Number Outstanding (in shares) \| shares	1,465,907
Weighted-Average Remaining Contractual Life	6 years 1 month 6 days
Weighted-Average Exercise Price (in dollars per share)	$ 19.50
$3.00 - 8.00
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	3.00
Exercise price, high end of range (in dollars per share)	$ 8.00
Options Outstanding
Number Outstanding (in shares) \| shares	148,448
Weighted-Average Remaining Contractual Life	4 years 2 months 12 days
Weighted-Average Exercise Price (in dollars per share)	$ 7.38
$8.23 - $46.72
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	8.23
Exercise price, high end of range (in dollars per share)	$ 46.72
Options Outstanding
Number Outstanding (in shares) \| shares	1,317,459
Weighted-Average Remaining Contractual Life	6 years 6 months 7 days
Weighted-Average Exercise Price (in dollars per share)	$ 20.87
$3.00 - $46.72
Summary of information about stock options outstanding and exercisable
Exercise price, low end of range (in dollars per share)	3.00
Exercise price, high end of range (in dollars per share)	$ 46.72
Options Exercisable
Number Exercisable (in shares) \| shares	890,103
Weighted-Average Remaining Contractual Life	4 years 4 months 17 days
Weighted-Average Exercise Price (in dollars per share)	$ 16.15

Stockholders' Equity (Detail 5) - USD ($)	12 Months Ended
Stockholders' Equity (Detail 5) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Intrinsic value and weighted average remaining contractual life in years of outstanding and exercisable options
Stock price (in dollars per share)	$ 13.75
Employee and director options
Fair value assumptions
Expected volatility (as a percent)			60.40%
Volatility rate, minimum (as a percent)	50.90%	51.80%
Volatility rate, maximum (as a percent)	60.60%	60.60%
Risk-free interest rate (as a percent)			0.60%
Risk free interest rate, minimum (as a percent)	0.10%	0.10%
Risk free interest rate, maximum (as a percent)	1.20%	1.00%
Expected forfeiture rate (as a percent)		19.70%	19.00%
Intrinsic value and weighted average remaining contractual life in years of outstanding and exercisable options
Intrinsic value of outstanding shares	$ 1,797,000
Intrinsic value of exercisable options	$ 1,658,000
Weighted average grant date fair value of options granted (in dollars per share)	$ 7.89	$ 12.98	$ 13.77
Intrinsic value of options exercised	$ 1,119,000	$ 4,943,000	$ 50,899,000
Employee and director options \| Minimum
Fair value assumptions
Expected forfeiture rate (as a percent)	19.70%
Employee and director options \| Maximum
Fair value assumptions
Expected forfeiture rate (as a percent)	22.80%

Stockholders' Equity (Detail 6) - USD ($)	12 Months Ended
Stockholders' Equity (Detail 6) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2010
Weighted-Average Fair Value
Stock-based compensation	$ 12,605,000	$ 13,379,000	$ 12,117,000
Unvested awards
Costs related to unvested awards, not yet recognized	$ 41,214,000
Weighted average vesting period for recognition of cost related to unvested awards	25 months 24 days
Restricted shares
Restricted share activity
Unvested restricted shares at the beginning of the period	1,543,869	1,399,609	1,294,082
Restricted shares granted	1,040,748	997,857	633,647	736,340	699,410
Restricted shares vested	(436,204)	(450,514)	(390,068)
Restricted shares cancelled	(250,586)	(403,083)	(138,052)	(150,112)	(45,026)
Unvested restricted shares at the end of the period	1,897,827	1,543,869	1,399,609	1,294,082
Weighted-Average Fair Value
Unvested restricted shares at the beginning of the period (in dollars per share)	$ 28.89	$ 22.51	$ 13.13
Restricted shares granted (in dollars per share)	18.78	36.97	34.05
Restricted shares vested (in dollars per share)	24.72	21.18	12.53
Restricted shares cancelled (in dollars per share)	23.87	35.39	15.70
Unvested restricted shares at the end of the period (in dollars per share)	$ 24.96	$ 28.89	$ 22.51	$ 13.13

Fair Value Measurement (Detail) - USD ($)	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013	Nov. 02, 2012	Sep. 30, 2012	Oct. 02, 2011
NESA
Fair value measurement
Estimated fair value of earn-out		$ 0		$ 18,000,000
Jacobs Trading, LLC
Fair value measurement
Estimated fair value of earn-out			$ 0		$ 14,500,000	$ 8,300,000
Recurring basis \| Level 1
Fair value measurement
Assets, fair value	$ 0		0
Liabilities, fair value	0		0
Recurring basis \| Level 2
Fair value measurement
Assets, fair value	0		0
Liabilities, fair value	$ 0		0
Recurring basis \| Level 3 \| NESA
Fair value measurement
Estimated fair value of earn-out			$ 18,390,000

Fair Value Measurement (Detail 2) - Contingent consideration - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Balance at the beginning of the period	$ 18,390	$ 14,511
Acquisition		18,050
Settlements		(19,608)
Change in fair value	$ (18,390)	5,437
Balance at the end of the period		$ 18,390
Level 3 \| Income approach \| Minimum
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Discount rate (as a percent)	2.00%
Level 3 \| Income approach \| Maximum
Changes in liabilities measured at fair value for which the Company has used Level 3 inputs to determine fair value
Discount rate (as a percent)	6.00%

Defined Benefit Pension Plan (Detail)	12 Months Ended
Defined Benefit Pension Plan (Detail)	Sep. 30, 2014 USD ($) item	Sep. 30, 2013 USD ($)
Information about plan assets
Target allocation (as a percent)	100.00%
Actual (as a percent)	100.00%
Equity securities
Information about plan assets
Target allocation (as a percent)	70.00%
Actual (as a percent)	45.90%
Number of pooled funds \| item	1
Percentage of UK company shares	70.00%
Percentage of international equity securities	30.00%
Fixed-income securities
Information about plan assets
Target allocation (as a percent)	30.00%
Actual (as a percent)	53.60%
Number of pooled funds \| item	1
Cash equivalents
Information about plan assets
Target allocation (as a percent)	0.00%
Actual (as a percent)	0.50%
Defined benefit pension plan.
Net periodic benefit cost recognized
Interest cost	$ 1,125,000	$ 1,055,000
Expected return on plan assets	(1,324,000)	(1,055,000)
Total net periodic benefit cost	(199,000)
Change in benefit obligation
Beginning balance	25,558,000	25,106,000
Interest cost	1,125,000	1,055,000
Benefits paid	(1,104,000)	(617,000)
Actuarial (gain)/loss	1,924,000	(33,000)
Foreign currency exchange rate changes	24,000	47,000
Ending balance	27,527,000	25,558,000
Change in plan assets
Beginning balance at fair value	22,006,000	19,320,000
Actual return on plan assets	2,321,000	1,566,000
Benefits paid	(1,104,000)	(617,000)
Employer's contributions	1,727,000	1,632,000
Foreign currency exchange rate changes	(4,000)	105,000
Ending balance at fair value	24,946,000	22,006,000
Underfunded status of the plan	(2,581,000)	(3,552,000)
Amount recorded in the consolidated balance sheet
Accrued pension liability recorded in Accrued expenses and other current liabilities and Deferred taxes and other long-term liabilities		2,600,000
Accumulated benefit obligation (PBO)	27,527,000	25,558,000
Accumulated OCI
Accumulated OCI at beginning of year	(1,147,000)	(584,000)
New actuarial (gains)/losses	927,000	(563,000)
Accumulated OCI at end of year	(220,000)	$ (1,147,000)
Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during 2014
Estimated amounts to be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost during next fiscal year	0
Expected pension plan contributions over the next 10 years
2015	1,693,000
2016	1,693,000
2017	1,693,000
2018	1,693,000
2019	425,000
Total	$ 7,197,000
Actuarial assumptions used to determine the benefit obligations and the net periodic benefit cost
Discount rate, benefit obligations (as a percent)	3.80%	4.40%
Discount rate, net periodic benefit cost (as a percent)	3.80%	4.40%
Expected return on plan assets, net periodic benefit cost (as a percent)	5.00%	5.80%
Increases to non-GMP pensions in payment accrued pre 4/6/97 (as a percent)	0.00%	0.00%
Increases to non-GMP pensions in payment accrued post 4/6/97 (as a percent)	2.30%	2.50%
Rate of increases to deferred CPI linked benefits (as a percent)	2.30%	2.50%
Rate of increases to deferred RPI linked benefits (as a percent)	3.30%	3.40%
Mortality (as a percent)	90.00%
Long-term rate of improvement (as a percent)	1.00%
Expected benefit payments over the next 10 years
2015	$ 820,000
2016	686,000
2017	1,092,000
2018	822,000
2019	831,000
2020 through 2024	4,515,000
Total	$ 8,766,000

Defined Benefit Pension Plan (Detail 2) - USD ($) $ in Thousands	Sep. 30, 2014	Sep. 30, 2013
Level 1
Defined benefit pension plan
Fair values	$ 125	$ 132
Level 2
Defined benefit pension plan
Fair values	24,821	21,874
Total
Defined benefit pension plan
Fair values	24,946	22,006
Equity securities \| Level 2
Defined benefit pension plan
Fair values	11,450	10,871
Equity securities \| Total
Defined benefit pension plan
Fair values	11,450	10,871
Fixed-income securities \| Level 2
Defined benefit pension plan
Fair values	13,371	11,003
Fixed-income securities \| Total
Defined benefit pension plan
Fair values	13,371	11,003
Cash equivalents \| Level 1
Defined benefit pension plan
Fair values	125	132
Cash equivalents \| Total
Defined benefit pension plan
Fair values	$ 125	$ 132

Business Realignment Expense (Detail) - Business Realignment October 2014 $ in Thousands	12 Months Ended
	Sep. 30, 2014 USD ($)
Business realignment expenses rollforward
Business Realignment Expenses	$ 1,780
Liability Balance, ending	1,780
Employee severance and benefit costs
Business realignment expenses rollforward
Business Realignment Expenses	1,780
Liability Balance, ending	$ 1,780

Quarterly Results (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Unaudited quarterly consolidated statement of operations
Revenue from operations	$ 118,419	$ 126,965	$ 128,329	$ 121,948	$ 129,128	$ 124,199	$ 130,324	$ 122,205	$ 495,661	$ 505,856	$ 475,304
Income before provision for income taxes from operations	523	28,588	9,463	11,843	17,139	18,813	21,522	11,181	50,047	68,655	79,948
Net income (loss) from operations	$ (707)	$ 18,373	$ 5,631	$ 7,093	$ 10,409	$ 11,288	$ 12,698	$ 6,709	$ 30,390	$ 41,104	$ 48,296
Unaudited quarterly consolidated statement of operations
Basic earnings per common share (in dollars per share)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ 0.33	$ 0.36	$ 0.40	$ 0.21	$ 0.97	$ 1.30	$ 1.57
Diluted earnings per common share (in dollars per share)	$ (0.02)	$ 0.59	$ 0.17	$ 0.22	$ 0.32	$ 0.35	$ 0.39	$ 0.20	$ 0.97	$ 1.26	$ 1.47
Basic weighted average shares outstanding (in shares)	29,664,259	30,937,394	32,231,011	32,143,064	31,772,379	31,651,061	31,561,412	31,482,853	31,243,932	31,616,926	30,854,796
Diluted weighted average shares outstanding (in shares)	29,664,259	30,937,394	32,321,482	32,658,070	32,702,807	32,540,187	32,331,686	33,054,264	31,395,301	32,657,236	32,783,079

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Deferred tax valuation allowance (deducted from net deferred tax assets)
Activity in valuation and qualifying accounts
Balance at beginning of period	$ 5,424	$ 4,558	$ 3,341
Charged to expense	1,792	866	1,217
Balance at end of period	7,216	5,424	4,558
Allowance for doubtful accounts (deducted from accounts receivable)
Activity in valuation and qualifying accounts
Balance at beginning of period	891	1,248	514
Charged to expense	240	337	962
Reductions	89	694	228
Balance at end of period	1,042	891	1,248
Inventory allowance (deducted from inventory)
Activity in valuation and qualifying accounts
Balance at beginning of period	1,452	2,574	990
Charged to expense	271	147	1,584
Reductions		1,269
Balance at end of period	$ 1,723	$ 1,452	$ 2,574