Quarterly report pursuant to Section 13 or 15(d)

Discontinued operations

v2.4.0.6
Discontinued operations
 9 Months Ended
Jun. 30, 2012
Discontinued operations  
Discontinued operations

15. Discontinued operations

 

On May 2, 2008, the Company sold its Unison MAXIMUS, Inc. subsidiary for $6.5 million, including a promissory note of $6.4 million. The Company recorded a gain on sale of $0.2 million in the nine month periods ended June 30, 2012. The Company continues to monitor the payments on the note but no further gains are certain at this time.

 

On September 30, 2010, the Company sold its ERP division. During the nine months ended June 30, 2011, the Company reserved an additional pre-tax loss on sale of $1.0 million owing to a dispute with the purchaser of the division. This matter was settled in the fourth quarter of fiscal 2011 for $1.7 million.