0001048268-20-000019 | 10-Q | XBRL Viewer

DEI Document - shares	9 Months Ended
DEI Document - shares	Jun. 30, 2020	Aug. 05, 2020
Entity Information [Line Items]
Entity File Number	001-13783
Entity Registrant Name	IES Holdings, Inc.
Document Period End Date	Jun. 30, 2020
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001048268
Entity Incorporation, State or Country Code	DE
Document Type	10-Q
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Tax Identification Number	76-0542208
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Address, Address Line One	5433 Westheimer Road
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	860-1500
Entity Common Stock, Shares Outstanding		21,048,572
Common Stock, par value $0.01 per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	IESC
Security Exchange Name	NASDAQ
Rights to Purchase Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	Rights to Purchase Preferred Stock
Trading Symbol	IESC
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Sep. 30, 2019
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 35,830,000	$ 18,934,000
Accounts receivable	189,829,000	186,279,000
Retainage	38,371,000	29,214,000
Inventories	25,343,000	21,543,000
Costs and estimated earnings in excess of billings	25,821,000	29,860,000
Prepaid expenses and other current assets	11,123,000	10,625,000
Total current assets	326,317,000	296,455,000
Property and equipment, net	25,260,000	25,746,000
Goodwill	60,484,000	50,622,000
Intangible assets, net	42,192,000	26,623,000
Deferred tax assets	33,389,000	40,874,000
Operating right of use assets	32,554,000	0
Other non-current assets	5,129,000	4,938,000
Total assets	525,325,000	445,258,000
Accounts payable and accrued expenses	166,604,000	152,909,000
Billings in excess of costs and estimated earnings	56,174,000	40,563,000
Total current liabilities	222,778,000	193,472,000
Long-term debt	256,000	299,000
Operating long-term lease liabilities	21,642,000	0
Other non-current liabilities	7,171,000	1,945,000
Total liabilities	251,847,000	195,716,000
Noncontrolling interest	2,797,000	3,294,000
Preferred stock, value	0	0
Common stock, value	220,000	220,000
Treasury stock, value	(16,153,000)	(12,483,000)
Additional paid-in capital	194,021,000	192,911,000
Retained earnings	92,593,000	65,600,000
Total stockholders' equity	270,681,000	246,248,000
Total liabilities and stockholders' equity	$ 525,325,000	$ 445,258,000

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 2,438	$ 1,184
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	22,049,529	22,049,529
Common Stock, Shares, Outstanding	21,047,008	21,165,011
Treasury Stock, Shares	1,002,521	884,518

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 293,125	$ 282,633	$ 860,445	$ 783,389
Cost of services	234,805	236,236	700,646	652,156
Gross profit	58,320	46,397	159,799	131,233
Selling, general and administrative expenses	44,261	36,333	124,169	103,489
Contingent consideration	0	(163)	0	(278)
Loss (gain) on sale of assets	(3)	(8)	(40)	87
Operating income (loss)	14,062	10,235	35,670	27,935
Interest expense	269	451	828	1,533
Other (income) expense, net	(232)	(64)	177	(129)
Income (loss) from operations before income taxes	14,025	9,848	34,665	26,531
Provision for (benefit from) income taxes	1,695	(1,207)	7,592	3,036
Net income (loss)	12,330	11,055	27,073	23,495
Net income attributable to noncontrolling interest	(70)	(83)	(80)	(150)
Comprehensive income attributable to IES Holdings, Inc.	$ 12,260	$ 10,972	$ 26,993	$ 23,345
Earnings Per Share, Basic	$ 0.58	$ 0.52	$ 1.28	$ 1.10
Earnings Per Share, Diluted	$ 0.58	$ 0.52	$ 1.26	$ 1.09
Weighted Average Number of Shares Outstanding, Basic	20,728,149	21,043,425	20,819,857	21,139,697
Weighted Average Number of Shares Outstanding, Diluted	20,996,732	21,301,235	21,084,267	21,382,178

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Stockholders' Equity Attributable to Parent at Sep. 30, 2018	$ 220,407	$ 220	$ (8,937)	$ 196,810	$ 32,314
Shares, Issued at Sep. 30, 2018		22,049,529	843,993
Issuances under compensation plans			$ 5,905	(5,905)
Issuances under compensation plans, shares			499,874
Acquisition of treasury stock	(8,325)		$ (8,325)	0
Acquisition of treasury stock, shares			(486,556)
Cumulative Effect of New Accounting Principle in Period of Adoption	102				102
Non-cash compensation	1,484			1,484
Net income (loss) attributable to IES Holdings, Inc.	23,345				23,345
Stockholders' Equity Attributable to Parent at Jun. 30, 2019	237,013	$ 220	$ (11,357)	192,389	55,761
Shares, Issued at Jun. 30, 2019		22,049,529	830,675
Stockholders' Equity Attributable to Parent at Mar. 31, 2019	228,145	$ 220	$ (8,443)	191,579	44,789
Shares, Issued at Mar. 31, 2019		22,049,529	667,682
Acquisition of treasury stock	(2,914)		$ (2,914)	0
Acquisition of treasury stock, shares			(162,993)
Non-cash compensation	810			810
Net income (loss) attributable to IES Holdings, Inc.	10,972				10,972
Stockholders' Equity Attributable to Parent at Jun. 30, 2019	237,013	$ 220	$ (11,357)	192,389	55,761
Shares, Issued at Jun. 30, 2019		22,049,529	830,675
Stockholders' Equity Attributable to Parent at Sep. 30, 2019	246,248	$ 220	$ (12,483)	192,911	65,600
Shares, Issued at Sep. 30, 2019		22,049,529	884,518
Issuances under compensation plans			$ 1,683	(1,683)
Issuances under compensation plans, shares			118,633
Acquisition of treasury stock	(5,437)		$ (5,437)
Acquisition of treasury stock, shares			(242,386)
Options exercised	34		$ 84	(50)
Options exercised, shares			5,750
Non-cash compensation	2,843			2,843
Net income (loss) attributable to IES Holdings, Inc.	26,993				26,993
Stockholders' Equity Attributable to Parent at Jun. 30, 2020	270,681	$ 220	$ (16,153)	194,021	92,593
Shares, Issued at Jun. 30, 2020		22,049,529	1,002,521
Stockholders' Equity Attributable to Parent at Mar. 31, 2020	257,805	$ 220	$ (15,643)	192,895	80,333
Shares, Issued at Mar. 31, 2020		22,049,529	977,863
Issuances under compensation plans			$ 33	(33)
Issuances under compensation plans, shares			2,053
Acquisition of treasury stock	(543)		$ (543)
Acquisition of treasury stock, shares			(26,711)
Non-cash compensation	1,159			1,159
Net income (loss) attributable to IES Holdings, Inc.	12,260				12,260
Stockholders' Equity Attributable to Parent at Jun. 30, 2020	$ 270,681	$ 220	$ (16,153)	$ 194,021	$ 92,593
Shares, Issued at Jun. 30, 2020		22,049,529	1,002,521

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Net income (loss)	$ 27,073	$ 23,495
Bad debt expense	1,668	209
Deferred financing cost amortization	314	236
Depreciation and amortization	8,797	7,200
Loss (gain) on sale of assets	(40)	87
Non-cash compensation expense	2,843	1,484
Deferred income taxes	5,031	3,036
Accounts receivable	(2,007)	(25,158)
Inventories	(3,275)	(3,491)
Costs and estimated earnings in excess of billings	4,551	(3,362)
Prepaid expenses and other current assets	(8,783)	(3,567)
Other non-current assets	520	(869)
Accounts payable and accrued expenses	156	20,132
Billings in excess of costs and estimated earnings	14,402	1,979
Other non-current liabilities	4,345	(1,114)
Net cash provided by operating activities	55,595	20,297
Purchases of property and equipment	(3,700)	(5,172)
Proceeds from sale of assets	60	68
Cash paid in conjunction with business combinations	(28,952)
Net cash used in investing activities	(32,592)	(5,104)
Borrowings of debt	592,648	22,468
Repayments of debt	(592,643)	(42,342)
Cash paid for finance leases	(132)
Distribution to noncontrolling interest	(577)	(137)
Purchase of treasury stock	(5,437)	(8,325)
Options exercised	34
Net cash used in financing activities	(6,107)	(28,336)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	16,896	(13,143)
CASH, CASH EQUIVALENTS, beginning of period	18,934	26,247
CASH, CASH EQUIVALENTS, end of period	35,830	13,104
Cash paid for interest	668	1,405
Cash paid for income taxes (net)	$ 718	$ 1,321

Business	9 Months Ended
Business	Jun. 30, 2020
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	1. BUSINESS AND ACCOUNTING POLICIES Description of the Business IES Holdings, Inc. is a holding company that owns and manages operating subsidiaries in business activities across a variety of end-markets. Our operations are currently organized into four principal business segments, based upon the nature of our current services: •Commercial & Industrial – Provider of electrical and mechanical design, construction, and maintenance services to the commercial and industrial markets in various regional markets and nationwide in certain areas of expertise, such as the power infrastructure market and data centers •Communications – Nationwide provider of technology services, including the design, build, and maintenance of the infrastructure within data centers for co-location and managed hosting customers for both large corporations and independent businesses. •Infrastructure Solutions – Provider of electro-mechanical solutions for industrial operations, including apparatus repair and custom-engineered products such as generator enclosures used in data centers and other industrial applications. •Residential – Regional provider of electrical installation services for single-family housing and multi-family apartment complexes. The words “IES”, the “Company”, “we”, “our”, and “us” refer to IES Holdings, Inc. and, except as otherwise specified herein, to our consolidated subsidiaries. Seasonality and Quarterly Fluctuations Results of operations from our Residential construction segment can be seasonal, depending on weather trends, with typically higher revenues generated during spring and summer and lower revenues generated during fall and winter. The Commercial & Industrial, Communications and Infrastructure Solutions segments of our business are less subject to seasonal trends, as work in these segments generally is performed inside structures protected from the weather, although weather can still impact these businesses, especially in the early stages of projects. Our service and maintenance business is generally not affected by seasonality. Our volume of business may be adversely affected by declines in construction projects resulting from adverse regional or national economic conditions. Quarterly results may also be materially affected by the timing of new construction projects. Results for our Infrastructure Solutions segment may be affected by the timing of outages at our customers’ facilities. Accordingly, operating results for any fiscal period are not necessarily indicative of results that may be achieved for any subsequent fiscal period. Basis of Financial Statement Preparation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of IES, our wholly-owned subsidiaries, and entities that we control due to ownership of a majority of voting interest and have been prepared in accordance with the instructions to interim financial reporting as prescribed by the United States Securities and Exchange Commission (the “SEC”). The results for the interim periods are not necessarily indicative of results for the entire year. These interim financial statements do not include all disclosures required by U.S. generally accepted accounting principles (“GAAP”), and should be read in conjunction with the consolidated financial statements and notes thereto filed with the SEC in our Annual Report on Form 10-K for the fiscal year ended September 30, 2019. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. Any such adjustments are of a normal recurring nature. Noncontrolling Interest In connection with our acquisitions of STR Mechanical, LLC in fiscal 2016 and NEXT Electric, LLC (“NEXT Electric”) in fiscal 2017, we acquired an 80 percent interest in each of the entities, with the remaining 20 percent interest in each such entity being retained by the respective third party seller. The interests retained by those third party sellers are identified on our Condensed Consolidated Balance Sheets as noncontrolling interest, classified outside of permanent equity. Under the terms of each entity’s operating agreement, after five years from the date of the acquisition, we may elect to purchase, or the third party seller may require us to purchase, part or all of the remaining 20 percent interest in the applicable entity. The purchase price is variable, based on a multiple of earnings as defined in the operating agreements. Therefore, this noncontrolling interest is carried at the greater of the balance determined under Accounting Standards Codification (“ASC”) 810 and the redemption amounts assuming the noncontrolling interests were redeemable at the balance sheet date. If all of these interests had been redeemable at June 30, 2020, the redemption amount would have been $2,438. Leases We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. We evaluate whether each of these arrangements contains a lease and classify all identified leases as either operating or finance. If the arrangement is subsequently modified, we re-evaluate our classification. The lease term generally ranges from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. Upon commencement of the lease, we recognize a lease liability and corresponding right-of use ("ROU") asset for all leases with an initial term greater than twelve months. Lease liabilities represent the present value of our future lease payments over the expected lease term. As most of our leases do not provide an implicit rate, we generally use our incremental borrowing rate as the discount rate in calculating the present value of the lease payments. The incremental borrowing rate is determined by identifying a synthetic credit rating for the consolidated company, where treasury functions are centrally managed, and adjusting the interest rates from associated indexes for differences in credit risk and interest rate risk. We have elected to combine the lease and nonlease components in the recognition of our lease liabilities across all classes of underlying assets. ROU assets represent our right to control the use of the leased asset during the lease and are recognized in an amount equal to the lease liability with adjustments for prepaid or accrued rent, lease incentives or unamortized initial direct costs. Costs associated with operating lease assets are recognized on a straight-line basis over the term of the lease. Our lease assets are tested for impairment in the same manner as long-lived assets used in operations. Certain lease contracts include obligations to pay for other services, such as operations and maintenance. Where the costs of these services can be identified as fixed or fixed-in-substance, the costs are included as part of the future lease payments. If the cost is not fixed at the inception of the lease, the cost is recorded as a variable cost in the period incurred. Use of Estimates The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities, disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are primarily used in our revenue recognition of construction in progress, fair value assumptions in accounting for business combinations and analyzing goodwill, intangible assets and long-lived asset impairments and adjustments, allowance for doubtful accounts receivable, stock-based compensation, reserves for legal matters, realizability of deferred tax assets, unrecognized tax benefits and self-insured claims liabilities and related reserves. Accounting Standards Not Yet Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update No. 2016-13, Financial Instruments – Credit Losses (“ASU 2016-13”), which requires companies to consider historical experiences, current market conditions and reasonable and supportable forecasts in the measurement of expected credit losses, with further clarifications made in April 2019 and May 2019 with the issuances of Accounting Standard Updates No. 2019-04 and 2019-05. This update is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, although early adoption is permitted. We plan to adopt this standard on October 1, 2020, and do not expect the adoption to have a material effect on our Condensed Consolidated Financial Statements. In August 2018, the FASB issued Accounting Standard Update No. 2018-13, Fair Value Measurement Disclosure Framework (“ASU 2018-13”), to modify certain disclosure requirements for fair value measurements. Under the new guidance, registrants will need to disclose weighted average information for significant unobservable inputs for all Level 3 fair value measurements. The guidance does not specify how entities should calculate the weighted average, but requires them to explain their calculation. The new guidance also requires disclosing the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements of instruments held at the end of the reporting period. This guidance is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, although early adoption is permitted for either the entire standard or only the provisions that eliminate or modify the requirements. We plan to adopt this standard on October 1, 2020, and do not expect the adoption to have a material effect on our Condensed Consolidated Financial Statements. Accounting Standards Recently Adopted In February 2016, the FASB issued Accounting Standard Update No. 2016-02, Leases (“ASU 2016-02”). Under ASU 2016-02, lessees need to recognize a ROU asset and a lease liability on the our Condensed Consolidated Balance Sheet for all leases, other than those that meet the definition of a short-term lease. For income statement purposes, leases must be classified as either operating or finance. Operating leases result in straight-line expense, while finance leases are accounted for similar to capital leases under the previous lease accounting standard. We adopted ASU 2016-02 on October 1, 2019 using a modified retrospective transition approach. Using the optional transition method allowed under Accounting Standard Update No. 2018-11, prior period amounts were not adjusted retrospectively and continue to be reported using the previous accounting standards in effect for the period presented. We elected to utilize all of the available practical expedients with the exception of the practical expedient permitting the use of hindsight when determining the lease term and assessing impairment of ROU assets. Therefore, we did not reassess whether any of our existing or expired contracts contained leases or the classification of or initial direct costs included in our existing or expired leases. The adoption of ASU 2016-02 resulted in the recognition of ROU assets of approximately $32,434 and operating lease liabilities of approximately $32,237 on our Condensed Consolidated Balance Sheet at the adoption date. The difference between the ROU assets and lease liabilities was primarily due to previously accrued rent expense relating to periods prior to October 1, 2019. The adoption did not have a significant impact on our Condensed Consolidated Statements of Comprehensive Income or Cash Flows. See Note 13, “Leases” for additional discussion of our lease accounting policies and expanded disclosures. In June 2018, the FASB issued Accounting Standard Update No. 2018-07, Compensation—Stock Compensation (“ASU 2018-07”), to simplify the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments for employees, with certain exceptions. Under the new guidance, the cost for nonemployee awards may be lower and less volatile than under current GAAP because the measurement generally will occur earlier and will be fixed at the grant date. This update was adopted as of October 1, 2019 with no impact to our financial statements.

Controlling Shareholder	9 Months Ended
Controlling Shareholder	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Controlling Shareholder [Text Block]	2. CONTROLLING STOCKHOLDER Tontine Associates, L.L.C. ("Tontine Associates"), together with its affiliates (collectively, “Tontine”), is the Company’s controlling stockholder, owning approximately 55 percent of the Company’s outstanding common stock according to a Form 4 filed with the SEC by Tontine on July 2, 2020. Accordingly, Tontine has the ability to exercise significant control over our affairs, including the election of directors and most actions requiring the approval of stockholders. While Tontine is subject to certain restrictions under federal securities laws on sales of its shares as an affiliate, the Company has filed a shelf registration statement to register all of the shares of IES common stock owned by Tontine at the time of registration. As long as the shelf registration statement remains effective and the Company remains eligible to use it, Tontine has the ability to resell any or all of its registered shares from time to time in one or more offerings, as described in the shelf registration statement and in any prospectus supplement filed in connection with an offering pursuant to the shelf registration statement. Should Tontine sell or otherwise dispose of all or a portion of its position in IES, a change in ownership of IES could occur. A change in ownership, as defined by Internal Revenue Code Section 382, could reduce the availability of the Company’s net operating losses (“NOLs”) for federal and state income tax purposes. On November 8, 2016, the Company implemented a tax benefit protection plan (the “NOL Rights Plan”). The NOL Rights Plan was designed to deter an acquisition of the Company's stock in excess of a threshold amount that could trigger a change in ownership within the meaning of Internal Revenue Code Section 382. There can be no assurance that the NOL Rights Plan will be effective in deterring a change in ownership or protecting the NOLs. Furthermore, a change in ownership would trigger the change of control provisions in a number of our material agreements, including our revolving credit facility, bonding agreements with our sureties and our severance arrangements. Jeffrey L. Gendell was appointed Interim Chief Executive Officer effective July 31, 2020, and as a member of the Board of Directors of the Company (the "Board") and Chairman of the Board in November 2016. He is the managing member and founder of Tontine, and the brother of David B. Gendell, who has served as a member of our Board since February 2012, and who previously served as Interim Director of Operations from November 2017 to January 2019, as Vice Chairman of the Board from November 2016 to November 2017 and as Chairman of the Board from January 2015 to November 2016. David B. Gendell was an employee of Tontine from 2004 until December 31, 2017. The Company is party to a sublease agreement with Tontine Associates for corporate office space in Greenwich, Connecticut. The sublease extends through February 27, 2023, with monthly payments due in the amount of approximately $8. Payments by the Company are at a rate consistent with that paid by Tontine Associates to its landlord. On December 6, 2018, the Company entered into a Board Observer Letter Agreement with Tontine Associates in order to assist Tontine in managing its investment in the Company. Subject to the terms and conditions set forth in the Letter Agreement, the Company granted Tontine the right, at any time that Tontine holds at least 20% of the outstanding common stock of the Company, to appoint a representative to serve as an observer to the Board (the “Board Observer”). The Board Observer, who must be reasonably acceptable to those members of the Board who are not affiliates of Tontine, shall have no voting rights or other decision making authority. Subject to the terms and conditions set forth in the Letter Agreement, so long as Tontine has the right to appoint a Board Observer, the Board Observer will have the right to attend and participate in meetings of the Board and the committees thereof, subject to confidentiality requirements, and to receive reimbursement for reasonable out-of-pocket expenses incurred in his or her capacity as a Board Observer and such rights to coverage under the Company’s directors’ and officers’ liability insurance policy as are available to the Company’s directors.

Revenue Recognition

9 Months Ended

Jun. 30, 2020

Revenue Recognition and Deferred Revenue [Abstract]

Revenue from External Customers by Products and Services [Table Text Block]

3. REVENUE RECOGNITION

Contracts

Our revenue is derived from contracts with customers, and we determine the appropriate accounting treatment for each contract at contract inception. Our contracts primarily relate to electrical and mechanical contracting services, technology infrastructure products and services, and electro-mechanical solutions for industrial operations. Revenue is earned based upon an agreed fixed price or actual costs incurred plus an agreed upon percentage.

We account for a contract when: (i) it has approval and commitment from both parties, (ii) the rights of the parties are identified, (iii) payment terms are identified, (iv) the contract has commercial substance, and (v) collectability of consideration is probable. We consider the start of a project to be when the above criteria have been met and we have written authorization from the customer to proceed.

Performance Obligations

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied.

We recognize revenue over time for the majority of the services we perform as (i) control continuously transfers to the customer as work progresses at a project location controlled by the customer and (ii) we have the right to bill the customer as costs are incurred. Within our Infrastructure Solutions segment, we often perform work inside our own facilities, where control does not continuously transfer to the customer as work progresses. In such cases, we evaluate whether we have the right to bill the customer as costs are incurred. Such assessment involves an evaluation of contractual termination clauses. Where we have a contractual right to payment for work performed to date, we recognize revenue over time. If we do not have such a right, we recognize revenue upon completion of the contract, when control of the work transfers to the customer.

For fixed price arrangements, we use the percentage of completion method of accounting under which revenue recognized is measured principally by the costs incurred and accrued to date for each contract as a percentage of the estimated total cost for each contract at completion. Contract costs include all direct material, labor and indirect costs related to contract performance. Changes in job performance, job conditions, estimated contract costs and profitability and final contract settlements may result in revisions to costs and income, and the effects of these revisions are recognized in the period in which the revisions are determined. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. This measurement and comparison process requires updates to the estimate of total costs to complete the contract, and these updates may include subjective assessments and judgments.

Variable Consideration

The transaction price for our contracts may include variable consideration, which includes increases to transaction price for approved and unapproved change orders, claims and incentives, and reductions to transaction price for liquidated damages. Change orders, claims and incentives are generally not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as a modification of the existing contract and performance obligation. We estimate variable consideration for a performance obligation at the probability weighted value we expect to receive (or the most probable amount we expect to incur in the case of liquidated damages, if any), utilizing estimation methods that best predict the amount of consideration to which we will be entitled (or will be incurred in the case of liquidated damages, if any). We include variable consideration in the estimated transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur or when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in transaction price are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. The effect of variable consideration on the transaction price of a performance obligation is recognized as an adjustment to revenue on a cumulative catch-up basis. To the extent unapproved change orders and claims reflected in transaction price (or excluded from transaction price in the case of liquidated damages) are not resolved in our favor, or to the extent incentives reflected in transaction price are not earned, there could be reductions in, or reversals of, previously recognized revenue.

Costs of Obtaining a Contract

In certain of our operations, we incur commission costs related to entering into a contract that we only incurred because of that contract. When this occurs, we capitalize that cost and amortize it over the expected term of the contract. At June 30, 2020, we had capitalized commission costs of $69.

We generally do not incur significant incremental costs related to obtaining or fulfilling a contract prior to the start of a project. When significant pre-contract costs are incurred, they will be capitalized and amortized on a percentage of completion basis over the life of the contract.

Disaggregation of Revenue

We disaggregate our revenue from contracts with customers by activity and contract type, as these categories reflect how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Our consolidated 2020 and 2019 revenue was derived from the following service activities. Certain prior year amounts have been reclassified to conform to current year presentation. See details in the following tables:


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Commercial & Industrial	$	56,778	$	75,370	$	190,481	$	227,928
Communications	96,500		90,438		276,779		230,200
Infrastructure Solutions
Industrial Services	9,753		12,339		31,588		36,707
Custom Power Solutions	22,189		23,770		60,937		63,331
Total Infrastructure Solutions	31,942		36,109		92,525		100,038
Residential
Single-family	62,239		54,200		176,071		156,168
Multi-family and Other	45,666		26,516		124,589		69,055
Total Residential	107,905		80,716		300,660		225,223
Total Revenue	$	293,125	$	282,633	$	860,445	$	783,389


	Three Months Ended June 30, 2020
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	53,811	$	79,801	$	30,504	$	107,905		$	272,021
Time-and-material				2,967		16,699		1,438		—			21,104
Total revenue			$	56,778	$	96,500	$	31,942	$	107,905		$	293,125

	Three Months Ended June 30, 2019
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	70,917	$	65,219	$	34,244	$	80,716		$	251,096
Time-and-material				4,453		25,219		1,865		—			31,537
Total revenue			$	75,370	$	90,438	$	36,109	$	80,716		$	282,633

	Nine Months Ended June 30, 2020
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	180,425	$	213,205	$	87,479	$	300,660		$	781,769
Time-and-material				10,056		63,574		5,046		—			78,676
Total revenue			$	190,481	$	276,779	$	92,525	$	300,660		$	860,445

	Nine Months Ended June 30, 2019
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	213,214	$	162,650	$	93,853	$	225,223		$	694,940
Time-and-material				14,714		67,550		6,185		—			88,449
Total revenue			$	227,928	$	230,200	$	100,038	$	225,223		$	783,389

Accounts Receivable

Accounts receivable include amounts which we have billed or have an unconditional right to bill our customers. As of June 30, 2020, Accounts receivable included $8,324 of unbilled receivables for which we have an unconditional right to bill.

Contract Assets and Liabilities

Project contracts typically provide for a schedule of billings on percentage of completion of specific tasks inherent in the fulfillment of our performance obligation(s). The schedules for such billings usually do not precisely match the schedule on which costs are incurred. As a result, contract revenue recognized in the statement of operations can and usually does differ from amounts that can be billed to the customer at any point during the contract. Amounts by which cumulative contract revenue recognized on a contract as of a given date exceeds cumulative billings and unbilled receivables to the customer under the contract are reflected as a current asset in our balance sheet under the caption “Costs and estimated earnings in excess of billings”. Amounts by which cumulative billings to the customer under a contract as of a given date exceed cumulative contract revenue recognized are reflected as a current liability in our balance sheet under the caption “Billings in excess of costs and estimated earnings”.

The net asset (liability) position for contracts in process consisted of the following:


	June 30,			September 30,
	2020			2019
Costs and estimated earnings on uncompleted contracts	$	868,267	$	761,401
Less: Billings to date and unbilled accounts receivable		(898,620)		(772,104)
	$	(30,353)	$	(10,703)

The net asset (liability) position for contracts in process included in the accompanying consolidated balance sheets was as follows:


	June 30,			September 30,
	2020			2019
Costs and estimated earnings in excess of billings	$	25,821	$	29,860
Billings in excess of costs and estimated earnings		(56,174)		(40,563)
	$	(30,353)	$	(10,703)

During the three months ended June 30, 2020 and 2019, we recognized revenue of $19,661 and $18,472 related to our contract liabilities at April 1, 2020 and 2019, respectively. During the nine months ended June 30, 2020 and 2019, we recognized revenue of $29,692 and $28,816 related to our contract liabilities at October 1, 2019 and 2018, respectively.

We did not have any impairment losses recognized on our receivables or contract assets for the three and nine months ended June 30, 2020 or 2019.

Remaining Performance Obligations

Remaining performance obligations represent the unrecognized revenue value of our contract commitments. New awards represent the total expected revenue value of new contract commitments undertaken during a given period, as well as additions to the scope of existing contract commitments. Our new performance obligations vary significantly each reporting period based on the timing of our major new contract commitments. At June 30, 2020, we had remaining performance obligations of $523. The Company expects to recognize revenue on approximately $451 of the remaining performance obligations over the next 12 months, with the remaining recognized thereafter.

For the three and nine months ended June 30, 2020, net revenue recognized from our performance obligations satisfied in previous periods was not material.

Debt	9 Months Ended
Debt	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. DEBT At June 30, 2020 and September 30, 2019, we had zero borrowings outstanding under the credit facility, and long-term debt related to loans on capital expenditures of $256 and $299, respectively. At June 30, 2020, we also had $6,962 in outstanding letters of credit and total availability of $89,298 under our revolving credit facility without violating our financial covenants. Pursuant to our Second Amended and Restated Credit and Security Agreement with Wells Fargo Bank, N.A. (as amended, the “Credit Agreement”), the Company is subject to the financial or other covenants disclosed in Item 7 of our Annual Report on Form 10-K for the year ended September 30, 2019. The Company was in compliance with the financial covenants as of June 30, 2020.

Per Share Information

9 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. PER SHARE INFORMATION

The following tables reconcile the components of basic and diluted earnings per share for the three and nine months ended June 30, 2020 and 2019:


	Three Months Ended June 30,
	2020			2019
Numerator:
Net income attributable to common stockholders of IES Holdings, Inc.	$	12,066	$	10,826

Net income attributable to restricted stockholders of IES Holdings, Inc.		194		146
Net income attributable to IES Holdings, Inc.	$	12,260	$	10,972

Denominator:
Weighted average common shares outstanding — basic		20,728,149		21,043,425
Effect of dilutive stock options and non-vested restricted stock		268,583		257,810
Weighted average common and common equivalent shares outstanding — diluted		20,996,732		21,301,235

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.58	$	0.52
Diluted	$	0.58	$	0.52

	Nine Months Ended June 30,
	2020			2019
Numerator:
Net income attributable to common stockholders of IES Holdings, Inc.	$	26,577	$	23,210

Net income attributable to restricted stockholders of IES Holdings, Inc.		416		135
Net income attributable to IES Holdings, Inc.	$	26,993	$	23,345

Denominator:
Weighted average common shares outstanding — basic		20,819,857		21,139,697
Effect of dilutive stock options and non-vested restricted stock		264,410		242,481
Weighted average common and common equivalent shares outstanding — diluted		21,084,267		21,382,178

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	1.28	$	1.10
Diluted	$	1.26	$	1.09

For the three and nine months ended June 30, 2020 and 2019, the average price of our common shares exceeded the exercise price of all of our outstanding options; therefore, all of our outstanding stock options were included in the computation of fully diluted earnings per share.

Operating Segments

9 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

6. OPERATING SEGMENTS

We manage and measure performance of our business in four distinct operating segments: Commercial & Industrial, Communications, Infrastructure Solutions and Residential. These segments are reflective of how the Company’s Chief Operating Decision Maker (“CODM”) reviews operating results for the purpose of allocating resources and assessing performance. The Company’s CODM is its Chief Executive Officer.

Transactions between segments, if any, are eliminated in consolidation. Our corporate office provides general and administrative, as well as support services, to our four operating segments. Management allocates certain shared costs between segments for selling, general and administrative expenses and depreciation expense.

Segment information for the three and nine months ended June 30, 2020 and 2019 is as follows:


		Three Months Ended June 30, 2020
		Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues				$	56,778			$	96,500			$	31,942			$	107,905			$	—			$	293,125
Cost of services				52,212				77,792				22,609				82,192				—				234,805
Gross profit				4,566				18,708				9,333				25,713				—				58,320
Selling, general and administrative				8,786				9,316				5,512				16,767				3,880				44,261

Loss (gain) on sale of assets				(6)				—				3				—				—				(3)
Operating income (loss)				(4,214)				9,392				3,818				8,946				(3,880)				14,062
Other data:
	Depreciation and amortization expense	$	692			$	330			$	1,683			$	476			$	19			$	3,200
	Capital expenditures	$	496			$	63			$	135			$	108			$	—			$	802
	Total assets	$	71,877			$	131,796			$	126,557			$	107,919			$	87,176			$	525,325


		Three Months Ended June 30, 2019
		Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues				$	75,370			$	90,438			$	36,109			$	80,716			$	—			$	282,633
Cost of services				69,171				75,044				27,671				64,350				—				236,236
Gross profit				6,199				15,394				8,438				16,366				—				46,397
Selling, general and administrative				6,827				8,406				4,937				11,812				4,351				36,333
Contingent consideration				—				—				(163)				—				—				(163)
Loss (gain) on sale of assets				(4)				—				(4)				—				—				(8)
Operating income (loss)				(624)				6,988				3,668				4,554				(4,351)				10,235
Other data:
	Depreciation and amortization expense	$	652			$	339			$	1,122			$	218			$	23			$	2,354
	Capital expenditures	$	507			$	74			$	311			$	329			$	22			$	1,243
	Total assets	$	81,693			$	111,270			$	118,143			$	57,866			$	69,392			$	438,364


		Nine Months Ended June 30, 2020
			Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues					$	190,481			$	276,779			$	92,525			$	300,660			$	—			$	860,445
Cost of services					174,712				225,866				68,177				231,891				—				700,646
Gross profit					15,769				50,913				24,348				68,769				—				159,799
Selling, general and administrative					24,660				27,304				14,923				46,241				11,041				124,169

Loss (gain) on sale of assets					(34)				(9)				3				—				—				(40)
Operating income (loss)					(8,857)				23,618				9,422				22,528				(11,041)				35,670
Other data:
	Depreciation and amortization expense		$	2,057			$	1,010			$	4,557			$	1,117			$	56			$	8,797
	Capital expenditures		$	1,168			$	531			$	725			$	977			$	299			$	3,700
	Total assets		$	71,877			$	131,796			$	126,557			$	107,919			$	87,176			$	525,325


		Nine Months Ended June 30, 2019
			Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues					$	227,928			$	230,200			$	100,038			$	225,223			$	—			$	783,389
Cost of services					204,263				190,895				78,227				178,771				—				652,156
Gross profit					23,665				39,305				21,811				46,452				—				131,233
Selling, general and administrative					20,906				23,006				14,103				34,136				11,338				103,489
Contingent consideration					—				—				(278)				—				—				(278)
Loss (gain) on sale of assets					(8)				—				97				(2)				—				87
Operating income (loss)					2,767				16,299				7,889				12,318				(11,338)				27,935
Other data:
	Depreciation and amortization expense		$	1,907			$	1,180			$	3,391			$	644			$	78			$	7,200
	Capital expenditures		$	1,974			$	767			$	1,133			$	1,174			$	124			$	5,172
	Total assets		$	81,693			$	111,270			$	118,143			$	57,866			$	69,392			$	438,364

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Jun. 30, 2020
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	7. STOCKHOLDERS’ EQUITY Equity Incentive Plan The Company’s 2006 Equity Incentive Plan, as amended and restated (the “Equity Incentive Plan”), provides for grants of stock options as well as grants of stock, including restricted stock. Approximately 3.0 million shares of common stock are authorized for issuance under the Equity Incentive Plan, of which approximately 668,993 shares were available for issuance at June 30, 2020. Stock Repurchase Program In 2015, our Board authorized a stock repurchase program for the purchase from time to time of up to 1.5 million shares of the Company’s common stock, and on May 2, 2019, authorized the repurchase from time to time of up to an additional 1.0 million shares of our common stock under the stock repurchase program. Share purchases are made for cash in open market transactions at prevailing market prices or in privately negotiated transactions or otherwise. The timing and amount of purchases under the program are determined based upon prevailing market conditions, our liquidity requirements, contractual restrictions and other factors. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which allows repurchases under pre-set terms at times when the Company might otherwise be prevented from purchasing under insider trading laws or because of self-imposed blackout periods. The program does not require the Company to purchase any specific number of shares and may be modified, suspended or reinstated at any time at the Company’s discretion and without notice. We repurchased 26,711 and 224,959 shares, respectively, of our common stock during the three and nine months ended June 30, 2020, in open market transactions at an average price of $20.29 and $22.32, respectively, per share. We repurchased 162,993 and 398,947 shares, respectively, of our common stock during the three and nine months ended June 30, 2019, in open market transactions at an average price of $17.88 and $17.11, respectively, per share. Treasury Stock During the nine months ended June 30, 2020, we issued 113,408 shares of common stock from treasury stock to employees and repurchased 17,427 shares of common stock from our employees to satisfy statutory tax withholding requirements upon the vesting of certain performance phantom stock units under the Equity Incentive Plan. We also issued 5,225 unrestricted shares of common stock from treasury to members of our Board as part of their overall compensation and 5,750 unrestricted shares to satisfy the exercise of outstanding options. We also repurchased 224,959 shares of common stock on the open market pursuant to our stock repurchase program. During the nine months ended June 30, 2019, we issued 212,688 shares of common stock from treasury to employees and repurchased 87,609 shares of common stock from our employees to satisfy statutory tax withholding requirements upon the vesting of certain performance phantom stock units under the Equity Incentive Plan. We also repurchased 398,947 shares of common stock on the open market pursuant to our stock repurchase program. In March 2019, we issued 3,991 shares of treasury stock as payment for outstanding phantom stock units that vested upon the departure of the Company's former President and issued 283,195 shares of treasury stock for restricted shares granted upon the appointment of the Company's Chief Executive Officer. Restricted Stock We granted 69,338 restricted shares to executives during the nine months ended June 30, 2020. These awards include restricted shares subject to the achievement of specified levels of cumulative net income before taxes, as well as shares that vest based on the passage of time. During the three months ended June 30, 2020, and 2019, we recognized $521 and $333 in compensation expense related to all restricted stock awards, respectively. During the nine months ended June 30, 2020 and 2019, we recognized $1,316 and $443 in compensation expense related to all restricted stock awards, respectively. At June 30, 2020, the unamortized compensation cost related to outstanding unvested restricted stock was $3,398. Director Phantom Stock Units Director phantom stock units (“Director PSUs”) are primarily granted to the members of the Board as part of their overall compensation. These Director PSUs are paid via unrestricted stock grants to each director upon their departure from the Board or upon a change of control. We record compensation expense for the full value of the grant on the date of grant. During the three months ended June 30, 2020, and 2019, we recognized $97 and $100, respectively, in compensation expense related to these grants. During the nine months ended June 30, 2020 and 2019 we recognized $293 and $200, respectively, in compensation expense related to these grants. Performance Based Phantom Stock Units An employee phantom stock unit (an “Employee PSU”) is a contractual right to receive one share of the Company’s common stock. Depending on the terms of each grant, Employee PSUs may vest upon the achievement of certain specified performance objectives and continued performance of services, or may vest based on continued performance of services through the vesting date. As of June 30, 2020 the Company granted Employee PSUs, which, subject to the achievement of certain performance metrics, could result in the issuance of 355,597 shares of common stock, respectively. Of these Employee PSUs, 97,983 Employee PSUs have been forfeited, and 49,678 have vested. At June 30, 2020, a maximum of 207,936 shares of common stock may be issued upon vesting of our outstanding Employee PSUs. During the three months ended June 30, 2020 and 2019, we recognized $505 and $427 in compensation expense, respectively, related to Employee PSU grants. During the nine months ended June 30, 2020 and 2019, we recognized $1,121 and $892 in compensation expense, respectively, related to Employee PSU grants.

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Jun. 30, 2020
Retirement Benefits [Abstract]
Compensation and Employee Benefit Plans [Text Block]	8. EMPLOYEE BENEFIT PLANS 401(k) Plan In November 1998, we established the IES Holdings, Inc. 401(k) Retirement Savings Plan. All full-time IES employees and full-time employees of participating subsidiaries are eligible to participate on the first day of the month subsequent to completing sixty days of service and attaining age twenty one. Participants become vested in our matching contributions following three years of service. We also maintain several subsidiary retirement savings plans. During the three months ended June 30, 2020 and 2019, we recognized $665 and $538, respectively, in matching expense. During the nine months ended June 30, 2020 and 2019, we recognized $1,747 and $1,561, respectively, in matching expense. Post Retirement Benefit Plans Certain individuals at one of the Company’s locations are entitled to receive fixed annual payments pursuant to post retirement benefit plans. We had an unfunded benefit liability of $703 and $738 recorded as of June 30, 2020 and September 30, 2019, respectively, related to such plans.

Fair Value Measurements

9 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

9. FAIR VALUE MEASUREMENTS

Fair Value Measurement Accounting

Fair value is considered the price to sell an asset, or transfer a liability, between market participants on the measurement date. Fair value measurements assume that (1) the asset or liability is exchanged in an orderly manner, (2) the exchange is in the principal market for that asset or liability, and (3) the market participants are independent, knowledgeable, able and willing to transact an exchange. Fair value accounting and reporting establishes a framework for measuring fair value by creating a hierarchy for observable independent market inputs and unobservable market assumptions and expands disclosures about fair value measurements. Considerable judgment is required to interpret the market data used to develop fair value estimates. As such, the estimates presented herein are not necessarily indicative of the amounts that could be realized in a current exchange. The use of different market assumptions and/or estimation methods could have a material effect on the estimated fair value.

At June 30, 2020, financial assets and liabilities measured at fair value on a recurring basis were limited to our Executive Deferred Compensation Plan, under which certain employees are permitted to defer a portion of their base salary and/or bonus for a Plan Year (as defined in the plan), and contingent consideration liabilities related to certain of our acquisitions.

Financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and September 30, 2019, are summarized in the following tables by the type of inputs applicable to the fair value measurements:


	June 30, 2020
			Total Fair Value		Quoted Prices (Level 1)		Significant Unobservable Inputs (Level 3)
Executive savings plan assets		$	817	$	817	$	—
Executive savings plan liabilities			(699)		(699)		—
Contingent consideration			(11)		—		(11)
Total		$	107	$	118	$	(11)


	September 30, 2019
			Total Fair Value		Quoted Prices (Level 1)		Significant Unobservable Inputs (Level 3)
Executive savings plan assets		$	763	$	763	$	—
Executive savings plan liabilities			(646)		(646)		—
Contingent consideration			(11)		—		(11)
Total		$	106	$	117	$	(11)

In fiscal years 2016, 2017 and 2018, we entered into contingent consideration arrangements related to certain acquisitions. At June 30, 2020, we estimated the fair value of these contingent consideration liabilities at $11. The table below presents a reconciliation of the fair value of these obligations, which used significant unobservable inputs (Level 3).


		Contingent Consideration Agreements
Fair value at September 30, 2019	$	11
Settlements		—
Net adjustments to fair value		—
Fair value at June 30, 2020	$	11

- 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

Inventory

9 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

10. INVENTORY

Inventories consist of the following components:


	June 30,			September 30,
	2020			2019
Raw materials		$	3,937	$	4,104
Work in process			6,713		6,301
Finished goods			1,376		1,861
Parts and supplies			13,317		9,277
Total inventories		$	25,343	$	21,543

Goodwill and Intangible Assets

9 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

11. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following summarizes changes in the carrying value of goodwill by segment for the nine months ended June 30, 2020:


	Commercial & Industrial			Communications			Infrastructure Solutions			Residential		Total
Goodwill at September 30, 2019	$	6,976	$	2,816	$	30,812		$	10,018	$	50,622
Acquisitions		—		—		3,916			5,946		9,862
Divestitures		—		—		—			—		—
Adjustments		—		—		—					—
Goodwill at June 30, 2020	$	6,976	$	2,816	$	34,728		$	15,964	$	60,484

As a result of recent operating losses within our Commercial and Industrial business, we determined that an indicator of a potential goodwill impairment was present. As a result of this indicator, we performed a quantitative goodwill impairment assessment as of March 31, 2020. Based on the results of this assessment, we concluded that the fair value of our Commercial and Industrial reporting unit remains in excess of its carrying value, and therefore, we did not record an impairment charge. Our estimate of implied fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions, including the impact of COVID-19 on our business, that might directly impact the future performance of our business, and are therefore uncertain.

As of June 30, 2020, it is reasonably possible that judgments and estimates of certain key assumptions, including our internal forecasts or the external market conditions, could change in future periods and may result in a reduction in fair value. Significant adverse changes in future periods to these key assumptions, if any, could reasonably be expected to negatively affect our estimate of implied fair value, and may result in future goodwill impairment charges.

Intangible Assets

Intangible assets consist of the following:


	Estimated Useful Lives (in Years)		June 30, 2020
					Gross Carrying Amount		Accumulated Amortization	Net
Trademarks/trade names		5-20		$	7,754	$	(1,593)	$	6,161
Technical library		20			400		(136)		264
Customer relationships		6-15			46,269		(13,797)		32,472
Non-competition arrangements		5			1,300		(59)		1,241
Backlog and construction contracts		1			3,063		(1,009)		2,054
Total intangible assets				$	58,786	$	(16,594)	$	42,192


	Estimated Useful Lives (in Years)		September 30, 2019
					Gross Carrying Amount		Accumulated Amortization	Net
Trademarks/trade names		5-20		$	5,084	$	(1,267)	$	3,817
Technical library		20			400		(121)		279
Customer relationships		6-15			33,539		(11,051)		22,488
Non-competition arrangements		5			40		(9)		31
Backlog and construction contracts		1			599		(591)		8
Total intangible assets				$	39,662	$	(13,039)	$	26,623

The weighted average useful life of our intangible assets at June 30, 2020 was 10.4 years.

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	12. COMMITMENTS AND CONTINGENCIES Legal Matters From time to time we are a party to various claims, lawsuits and other legal proceedings that arise in the ordinary course of business. We maintain various insurance coverages to minimize financial risk associated with these proceedings. None of these proceedings, separately or in the aggregate, are expected to have a material adverse effect on our financial position, results of operations or cash flows. With respect to all such proceedings, we record reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. We expense routine legal costs related to these proceedings as they are incurred. Risk-Management We retain the risk for workers’ compensation, employer’s liability, automobile liability, construction defects, general liability and employee group health claims, as well as pollution coverage, resulting from uninsured deductibles per accident or occurrence which are generally subject to annual aggregate limits. Our general liability program provides coverage for bodily injury and property damage. In many cases, we insure third parties, including general contractors, as additional insureds under our insurance policies. Losses are accrued based upon our known claims incurred and an estimate of claims incurred but not reported. As a result, many of our claims are effectively self-insured. Many claims against our insurance are in the form of litigation. At June 30, 2020 and September 30, 2019, we had $6,238 and $6,683, respectively, accrued for self-insurance liabilities. We are also subject to construction defect liabilities, primarily within our Residential segment. As of June 30, 2020 and September 30, 2019, we had $34 and $90, respectively, reserved for these claims. Because the reserves are based on judgment and estimates and involve variables that are inherently uncertain, such as the outcome of litigation and an assessment of insurance coverage, there can be no assurance that the ultimate liability will not be higher or lower than such estimates or that the timing of payments will not create liquidity issues for the Company. Some of the underwriters of our casualty insurance program require us to post letters of credit as collateral. This is common in the insurance industry. To date, we have not had a situation where an underwriter has had reasonable cause to effect payment under a letter of credit. At June 30, 2020 and September 30, 2019, $6,762 and $6,268, respectively, of our outstanding letters of credit were utilized to collateralize our insurance program. Surety As of June 30, 2020, the estimated cost to complete our bonded projects was approximately $101,229. We evaluate our bonding requirements on a regular basis, including the terms offered by our sureties. We believe the bonding capacity provided by our current sureties is adequate for our current operations and will be adequate for our operations for the foreseeable future. Other Commitments and Contingencies Some of our customers and vendors require us to post letters of credit, or provide intercompany guarantees, as a means of guaranteeing performance under our contracts and ensuring payment by us to subcontractors and vendors. If our customer has reasonable cause to effect payment under a letter of credit, we would be required to reimburse our creditor for the letter of credit. At each of June 30, 2020 and September 30, 2019, $200 of our outstanding letters of credit were to collateralize our vendors. From time to time, we may enter into firm purchase commitments for materials, such as copper or aluminum wire, which we expect to use in the ordinary course of business. These commitments are typically for terms of less than one year and require us to buy minimum quantities of materials at specific intervals at a fixed price over the term. As of June 30, 2020, we had no such material commitments.

Leases

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Leases of Lessee Disclosure

13. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease term generally ranges from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance liabilities of $10,752 and $287, respectively, were included in "Accounts payable and accrued expenses" in the Condensed Consolidated Balance Sheets as of June 30, 2020. Non-current finance lease liabilities and finance lease right-of-use assets were included in the "Other non-current liabilities" and "Other non-current assets", respectively, in the Condensed Consolidated Balance Sheets.

The maturities of our lease liabilities as of June 30, 2020 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	5,783	$	147	$	5,930
2021	9,826		291		10,117
2022	7,588		267		7,855
2023	4,796		261		5,057
2024	3,015		214		3,229
Thereafter	4,684		15		4,699
Total undiscounted lease payments	$	35,692	$	1,195	$	36,887
Less: imputed interest	3,298		131		3,429
Present value of lease liabilities	$	32,394	$	1,064	$	33,458

The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of June 30, 2020, is $432.

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:


	Three Months Ended		Nine Months Ended
	June 30, 2020
Operating lease cost	$	2,967	$	8,907
Finance lease cost
Amortization of lease assets	64		124
Interest on lease liabilities	15		30
Finance lease cost	79		154
Short-term lease cost	327		802
Variable lease cost	190		618
Total lease cost	$	3,563	$	10,481

Other information about lease amounts recognized in our condensed consolidated financial statements is summarized as follows:


	Three Months Ended		Nine Months Ended
	June 30, 2020
Operating cash flows used for operating leases	$	3,202	$	9,500
Operating cash flows used for finance leases	15		30
Right-of-use assets obtained in exchange for new operating lease liabilities	577		8,750
Right-of-use assets obtained in exchange for new finance lease liabilities	270		1,198


	June 30, 2020
Weighted-average remaining lease term - operating leases	4.5 years
Weighted-average remaining lease term - finance leases	4.4 years
Weighted-average discount rate - operating leases	4.0	%
Weighted-average discount rate - finance leases	5.5	%

Business Combinations and Divestitures

9 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

14. BUSINESS COMBINATIONS AND DIVESTITURES

The Company completed two acquisitions during the nine months ended June 30, 2020 for a total aggregate cash consideration of $28,952.

• Aerial Lighting & Electric, Inc. (“Aerial”) – On February 18, 2020, we acquired 100% of the equity interests in Aerial, a Naugatuck, CT based electrical contractor specializing in the design and installation of electrical systems for multi-family developments. The acquisition of Aerial furthers our Residential segment's growth strategy by providing a foothold in the Northeast market.

• Plant Power & Control Systems, LLC (“PPCS”) – On February 21, 2020, we acquired 100% of the membership interests in PPCS, a Birmingham, AL based manufacturer and installer of custom engineered power distribution equipment. The acquisition of PPCS furthers our Infrastructure Solutions segment's growth strategy by accelerating their expansion in the Southeast market.

The Company accounted for the transactions under the acquisition method of accounting, which requires recording assets and liabilities at fair value (Level 3). The valuations derived from estimated fair value assessments and assumptions used by management are preliminary pending finalization of certain tangible and intangible asset valuations and assessment of deferred taxes. While management believes that its preliminary estimates and assumptions underlying the valuations are reasonable, different estimates and assumptions could result in different values being assigned to individual assets acquired and liabilities assumed. This may result in adjustments to the preliminary amounts recorded. The preliminary valuation of the assets and liabilities assumed is as follows:



Current assets	$	6,185
Property and equipment		489
Intangible assets		19,733
Goodwill		9,862
Current liabilities		(4,863)

Deferred tax liability		(2,454)
Net assets acquired	$	28,952

With regard to goodwill, the balance is attributable to the workforce of the acquired business and other intangibles that do not qualify for separate recognition. In connection with these acquisitions, we acquired goodwill of $9,862 of which $3,916 is tax deductible.

These acquisitions contributed $7,713 in additional revenue and $464 in operating income during the three months ended June 30, 2020, and $12,668 in additional revenue and $991 in operating income during the nine months ended June 30, 2020.

Unaudited Pro Forma Information

The following unaudited supplemental pro forma results of operations for the three and nine months ended June 30, 2020 and 2019 are calculated as if each acquisition occurred as of October 1 of the fiscal year prior to consummation.


		Unaudited
		Three Months Ended June 30,
		2020		2019
Revenues	$	293,125	$	295,189
Net income attributable to IES Holdings, Inc.		$	12,260	$	11,834

		Unaudited
		Nine Months Ended June 30,
		2020		2019
Revenues	$	877,609	$	813,575
Net income attributable to IES Holdings, Inc.		$	28,393	$	24,538

Subsequent Events	9 Months Ended
Subsequent Events	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	15. SUBSEQUENT EVENTS On August 3, 2020, the Company announced the appointment of Jeffrey L. Gendell as Interim Chief Executive Officer, effective as of July 31, 2020, and the resignation of Gary S. Matthews as Chief Executive Officer and a Director of the Company, effective as of July 31, 2020. Mr. Matthews is expected to receive severance benefits that are materially consistent with those described in the Company’s executive severance plan and his employment agreement.

Revenue Recognition (Tables)

9 Months Ended

Jun. 30, 2020

Revenue Recognition and Deferred Revenue [Abstract]

Disaggregation of Revenue [Table Text Block]


	Three Months Ended June 30,						Nine Months Ended June 30,
	2020		2019		2020		2019
Commercial & Industrial	$	56,778	$	75,370	$	190,481	$	227,928
Communications	96,500		90,438		276,779		230,200
Infrastructure Solutions
Industrial Services	9,753		12,339		31,588		36,707
Custom Power Solutions	22,189		23,770		60,937		63,331
Total Infrastructure Solutions	31,942		36,109		92,525		100,038
Residential
Single-family	62,239		54,200		176,071		156,168
Multi-family and Other	45,666		26,516		124,589		69,055
Total Residential	107,905		80,716		300,660		225,223
Total Revenue	$	293,125	$	282,633	$	860,445	$	783,389


	Three Months Ended June 30, 2020
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	53,811	$	79,801	$	30,504	$	107,905		$	272,021
Time-and-material				2,967		16,699		1,438		—			21,104
Total revenue			$	56,778	$	96,500	$	31,942	$	107,905		$	293,125

	Three Months Ended June 30, 2019
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	70,917	$	65,219	$	34,244	$	80,716		$	251,096
Time-and-material				4,453		25,219		1,865		—			31,537
Total revenue			$	75,370	$	90,438	$	36,109	$	80,716		$	282,633

	Nine Months Ended June 30, 2020
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	180,425	$	213,205	$	87,479	$	300,660		$	781,769
Time-and-material				10,056		63,574		5,046		—			78,676
Total revenue			$	190,481	$	276,779	$	92,525	$	300,660		$	860,445

	Nine Months Ended June 30, 2019
		Commercial & Industrial			Communications			Infrastructure Solutions			Residential			Total
Fixed-price			$	213,214	$	162,650	$	93,853	$	225,223		$	694,940
Time-and-material				14,714		67,550		6,185		—			88,449
Total revenue			$	227,928	$	230,200	$	100,038	$	225,223		$	783,389

Contract with Customer, Asset and Liability [Table Text Block]

The net asset (liability) position for contracts in process consisted of the following:


	June 30,			September 30,
	2020			2019
Costs and estimated earnings on uncompleted contracts	$	868,267	$	761,401
Less: Billings to date and unbilled accounts receivable		(898,620)		(772,104)
	$	(30,353)	$	(10,703)

The net asset (liability) position for contracts in process included in the accompanying consolidated balance sheets was as follows:


	June 30,			September 30,
	2020			2019
Costs and estimated earnings in excess of billings	$	25,821	$	29,860
Billings in excess of costs and estimated earnings		(56,174)		(40,563)
	$	(30,353)	$	(10,703)

Per Share Information (Tables)

9 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]


	Three Months Ended June 30,
	2020			2019
Numerator:
Net income attributable to common stockholders of IES Holdings, Inc.	$	12,066	$	10,826

Net income attributable to restricted stockholders of IES Holdings, Inc.		194		146
Net income attributable to IES Holdings, Inc.	$	12,260	$	10,972

Denominator:
Weighted average common shares outstanding — basic		20,728,149		21,043,425
Effect of dilutive stock options and non-vested restricted stock		268,583		257,810
Weighted average common and common equivalent shares outstanding — diluted		20,996,732		21,301,235

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	0.58	$	0.52
Diluted	$	0.58	$	0.52

	Nine Months Ended June 30,
	2020			2019
Numerator:
Net income attributable to common stockholders of IES Holdings, Inc.	$	26,577	$	23,210

Net income attributable to restricted stockholders of IES Holdings, Inc.		416		135
Net income attributable to IES Holdings, Inc.	$	26,993	$	23,345

Denominator:
Weighted average common shares outstanding — basic		20,819,857		21,139,697
Effect of dilutive stock options and non-vested restricted stock		264,410		242,481
Weighted average common and common equivalent shares outstanding — diluted		21,084,267		21,382,178

Earnings per share attributable to IES Holdings, Inc.:
Basic	$	1.28	$	1.10
Diluted	$	1.26	$	1.09

Operating Segments (Tables)

9 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]


		Three Months Ended June 30, 2020
		Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues				$	56,778			$	96,500			$	31,942			$	107,905			$	—			$	293,125
Cost of services				52,212				77,792				22,609				82,192				—				234,805
Gross profit				4,566				18,708				9,333				25,713				—				58,320
Selling, general and administrative				8,786				9,316				5,512				16,767				3,880				44,261

Loss (gain) on sale of assets				(6)				—				3				—				—				(3)
Operating income (loss)				(4,214)				9,392				3,818				8,946				(3,880)				14,062
Other data:
	Depreciation and amortization expense	$	692			$	330			$	1,683			$	476			$	19			$	3,200
	Capital expenditures	$	496			$	63			$	135			$	108			$	—			$	802
	Total assets	$	71,877			$	131,796			$	126,557			$	107,919			$	87,176			$	525,325


		Three Months Ended June 30, 2019
		Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues				$	75,370			$	90,438			$	36,109			$	80,716			$	—			$	282,633
Cost of services				69,171				75,044				27,671				64,350				—				236,236
Gross profit				6,199				15,394				8,438				16,366				—				46,397
Selling, general and administrative				6,827				8,406				4,937				11,812				4,351				36,333
Contingent consideration				—				—				(163)				—				—				(163)
Loss (gain) on sale of assets				(4)				—				(4)				—				—				(8)
Operating income (loss)				(624)				6,988				3,668				4,554				(4,351)				10,235
Other data:
	Depreciation and amortization expense	$	652			$	339			$	1,122			$	218			$	23			$	2,354
	Capital expenditures	$	507			$	74			$	311			$	329			$	22			$	1,243
	Total assets	$	81,693			$	111,270			$	118,143			$	57,866			$	69,392			$	438,364


		Nine Months Ended June 30, 2020
			Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues					$	190,481			$	276,779			$	92,525			$	300,660			$	—			$	860,445
Cost of services					174,712				225,866				68,177				231,891				—				700,646
Gross profit					15,769				50,913				24,348				68,769				—				159,799
Selling, general and administrative					24,660				27,304				14,923				46,241				11,041				124,169

Loss (gain) on sale of assets					(34)				(9)				3				—				—				(40)
Operating income (loss)					(8,857)				23,618				9,422				22,528				(11,041)				35,670
Other data:
	Depreciation and amortization expense		$	2,057			$	1,010			$	4,557			$	1,117			$	56			$	8,797
	Capital expenditures		$	1,168			$	531			$	725			$	977			$	299			$	3,700
	Total assets		$	71,877			$	131,796			$	126,557			$	107,919			$	87,176			$	525,325


		Nine Months Ended June 30, 2019
			Commercial & Industrial				Communications				Infrastructure Solutions				Residential				Corporate				Total
Revenues					$	227,928			$	230,200			$	100,038			$	225,223			$	—			$	783,389
Cost of services					204,263				190,895				78,227				178,771				—				652,156
Gross profit					23,665				39,305				21,811				46,452				—				131,233
Selling, general and administrative					20,906				23,006				14,103				34,136				11,338				103,489
Contingent consideration					—				—				(278)				—				—				(278)
Loss (gain) on sale of assets					(8)				—				97				(2)				—				87
Operating income (loss)					2,767				16,299				7,889				12,318				(11,338)				27,935
Other data:
	Depreciation and amortization expense		$	1,907			$	1,180			$	3,391			$	644			$	78			$	7,200
	Capital expenditures		$	1,974			$	767			$	1,133			$	1,174			$	124			$	5,172
	Total assets		$	81,693			$	111,270			$	118,143			$	57,866			$	69,392			$	438,364

Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]


	June 30, 2020
			Total Fair Value		Quoted Prices (Level 1)		Significant Unobservable Inputs (Level 3)
Executive savings plan assets		$	817	$	817	$	—
Executive savings plan liabilities			(699)		(699)		—
Contingent consideration			(11)		—		(11)
Total		$	107	$	118	$	(11)


	September 30, 2019
			Total Fair Value		Quoted Prices (Level 1)		Significant Unobservable Inputs (Level 3)
Executive savings plan assets		$	763	$	763	$	—
Executive savings plan liabilities			(646)		(646)		—
Contingent consideration			(11)		—		(11)
Total		$	106	$	117	$	(11)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]


		Contingent Consideration Agreements
Fair value at September 30, 2019	$	11
Settlements		—
Net adjustments to fair value		—
Fair value at June 30, 2020	$	11

Inventory (Tables)

9 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories consist of the following components:


	June 30,			September 30,
	2020			2019
Raw materials		$	3,937	$	4,104
Work in process			6,713		6,301
Finished goods			1,376		1,861
Parts and supplies			13,317		9,277
Total inventories		$	25,343	$	21,543

Goodwill and Intangible Assets (Tables)

9 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]


	Commercial & Industrial			Communications			Infrastructure Solutions			Residential		Total
Goodwill at September 30, 2019	$	6,976	$	2,816	$	30,812		$	10,018	$	50,622
Acquisitions		—		—		3,916			5,946		9,862
Divestitures		—		—		—			—		—
Adjustments		—		—		—					—
Goodwill at June 30, 2020	$	6,976	$	2,816	$	34,728		$	15,964	$	60,484

Schedule of Finite-Lived Intangible Assets [Table Text Block]


	Estimated Useful Lives (in Years)		June 30, 2020
					Gross Carrying Amount		Accumulated Amortization	Net
Trademarks/trade names		5-20		$	7,754	$	(1,593)	$	6,161
Technical library		20			400		(136)		264
Customer relationships		6-15			46,269		(13,797)		32,472
Non-competition arrangements		5			1,300		(59)		1,241
Backlog and construction contracts		1			3,063		(1,009)		2,054
Total intangible assets				$	58,786	$	(16,594)	$	42,192


	Estimated Useful Lives (in Years)		September 30, 2019
					Gross Carrying Amount		Accumulated Amortization	Net
Trademarks/trade names		5-20		$	5,084	$	(1,267)	$	3,817
Technical library		20			400		(121)		279
Customer relationships		6-15			33,539		(11,051)		22,488
Non-competition arrangements		5			40		(9)		31
Backlog and construction contracts		1			599		(591)		8
Total intangible assets				$	39,662	$	(13,039)	$	26,623

Leases (Tables)

9 Months Ended

Jun. 30, 2020

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity

The maturities of our lease liabilities as of June 30, 2020 are as follows:


	Operating Leases		Finance Leases		Total
Remainder of 2020	$	5,783	$	147	$	5,930
2021	9,826		291		10,117
2022	7,588		267		7,855
2023	4,796		261		5,057
2024	3,015		214		3,229
Thereafter	4,684		15		4,699
Total undiscounted lease payments	$	35,692	$	1,195	$	36,887
Less: imputed interest	3,298		131		3,429
Present value of lease liabilities	$	32,394	$	1,064	$	33,458

Lease, Cost

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:


	Three Months Ended		Nine Months Ended
	June 30, 2020
Operating lease cost	$	2,967	$	8,907
Finance lease cost
Amortization of lease assets	64		124
Interest on lease liabilities	15		30
Finance lease cost	79		154
Short-term lease cost	327		802
Variable lease cost	190		618
Total lease cost	$	3,563	$	10,481

Schedule of Cash Flow, Supplemental Disclosures

ther information about lease amounts recognized in our condensed consolidated financial statements is summarized as follows:


	Three Months Ended		Nine Months Ended
	June 30, 2020
Operating cash flows used for operating leases	$	3,202	$	9,500
Operating cash flows used for finance leases	15		30
Right-of-use assets obtained in exchange for new operating lease liabilities	577		8,750
Right-of-use assets obtained in exchange for new finance lease liabilities	270		1,198


	June 30, 2020
Weighted-average remaining lease term - operating leases	4.5 years
Weighted-average remaining lease term - finance leases	4.4 years
Weighted-average discount rate - operating leases	4.0	%
Weighted-average discount rate - finance leases	5.5	%

Business Combinations and Divestitures (Tables)

9 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination



Current assets	$	6,185
Property and equipment		489
Intangible assets		19,733
Goodwill		9,862
Current liabilities		(4,863)

Deferred tax liability		(2,454)
Net assets acquired	$	28,952

Business Acquisition, Pro Forma Information


		Unaudited
		Three Months Ended June 30,
		2020		2019
Revenues	$	293,125	$	295,189
Net income attributable to IES Holdings, Inc.		$	12,260	$	11,834

		Unaudited
		Nine Months Ended June 30,
		2020		2019
Revenues	$	877,609	$	813,575
Net income attributable to IES Holdings, Inc.		$	28,393	$	24,538

Business (Details) - USD ($)	Jun. 30, 2020	Oct. 01, 2019	Sep. 30, 2019
Noncontrolling Interest [Line Items]
Redeemable Noncontrolling Interest, Equity, Redemption Value	$ 2,438,000
Operating right of use assets	32,554,000	$ 32,434,000	$ 0
Operating Lease, Liability	$ 32,394,000	$ 32,237,000
Parent [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	20.00%

Controlling Shareholder (Details) $ in Thousands	3 Months Ended
Controlling Shareholder (Details) $ in Thousands	Jun. 30, 2020 USD ($)
Risks and Uncertainties [Abstract]
ControllingShareholderOwnershipPercentage	55.00%
Related Party Transaction, Purchases from Related Party	$ 8

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Revenue Recognition (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Revenue Recognition and Deferred Revenue [Abstract]
Capitalized Contract Cost, Net	$ 69		$ 69
Unbilled Receivables, Current	8,324		8,324
Estimated profits on contracts in process	868,267		868,267		$ 761,401
Billings to Date	(898,620)		(898,620)		(772,104)
Contract with Customer, Asset, Net, Current	(30,353)		(30,353)		(10,703)
Costs and estimated earnings in excess of billings	25,821		25,821		29,860
Billings in excess of costs and estimated earnings	(56,174)		(56,174)		$ (40,563)
Contract with Customer, Liability, Revenue Recognized	19,661	$ 18,472	29,692	$ 28,816
Performance Obligation Next 12 Months	451		451
Revenue, Remaining Performance Obligation, Amount	523		523
Disaggregation of Revenue [Line Items]
Revenues	293,125	282,633	860,445	783,389
Contract with Customer, Liability, Revenue Recognized	19,661	18,472	29,692	28,816
Commercial and Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenues	56,778	75,370	190,481	227,928
Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	96,500	90,438	276,779	230,200
Infrastructure Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	31,942	36,109	92,525	100,038
Residential [Member]
Disaggregation of Revenue [Line Items]
Revenues	107,905	80,716	300,660	225,223
Fixed-price Contract [Member]
Disaggregation of Revenue [Line Items]
Revenues	272,021	251,096	781,769	694,940
Fixed-price Contract [Member] \| Commercial and Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenues	53,811	70,917	180,425	213,214
Fixed-price Contract [Member] \| Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	79,801	65,219	213,205	162,650
Fixed-price Contract [Member] \| Infrastructure Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	30,504	34,244	87,479	93,853
Fixed-price Contract [Member] \| Residential [Member]
Disaggregation of Revenue [Line Items]
Revenues	107,905	80,716	300,660	225,223
Time-and-materials Contract [Member]
Disaggregation of Revenue [Line Items]
Revenues	21,104	31,537	78,676	88,449
Time-and-materials Contract [Member] \| Commercial and Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenues	2,967	4,453	10,056	14,714
Time-and-materials Contract [Member] \| Communications [Member]
Disaggregation of Revenue [Line Items]
Revenues	16,699	25,219	63,574	67,550
Time-and-materials Contract [Member] \| Infrastructure Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	1,438	1,865	5,046	6,185
Time-and-materials Contract [Member] \| Residential [Member]
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
industrial Services [Member] \| Infrastructure Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	9,753	12,339	31,588	36,707
Custom Power Solutions [Member] \| Infrastructure Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	22,189	23,770	60,937	63,331
Single Family Contracts [Member] \| Residential [Member]
Disaggregation of Revenue [Line Items]
Revenues	62,239	54,200	176,071	156,168
Multi Family and Other [Member] \| Residential [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 45,666	$ 26,516	$ 124,589	$ 69,055

Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-term debt	$ 256	$ 299
Letters of Credit Outstanding, Amount	6,962
Line of Credit Facility, Remaining Borrowing Capacity	$ 89,298

Per Share Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Undistributed Earnings (Loss) Available to Common Shareholders, Basic	$ 12,066	$ 10,826	$ 26,577	$ 23,210
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	194	146	416	135
Comprehensive income attributable to IES Holdings, Inc.	$ 12,260	$ 10,972	$ 26,993	$ 23,345
Weighted Average Number of Shares Outstanding, Basic	20,728,149	21,043,425	20,819,857	21,139,697
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	268,583	257,810	264,410	242,481
Weighted Average Number of Shares Outstanding, Diluted	20,996,732	21,301,235	21,084,267	21,382,178
Earnings Per Share, Basic	$ 0.58	$ 0.52	$ 1.28	$ 1.10
Earnings Per Share, Diluted	$ 0.58	$ 0.52	$ 1.26	$ 1.09

- Definition

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

+ References

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-Name Accounting Standards Codification
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+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Operating Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Operating Segments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Segment Reporting Information [Line Items]
Revenues	$ 293,125	$ 282,633	$ 860,445	$ 783,389
Cost of services	234,805	236,236	700,646	652,156
Gross profit	58,320	46,397	159,799	131,233
Selling, general and administrative expenses	44,261	36,333	124,169	103,489
Contingent consideration	0	(163)	0	(278)
Loss (gain) on sale of assets	(3)	(8)	(40)	87
Operating income (loss)	14,062	10,235	35,670	27,935
Depreciation and amortization expense	3,200	2,354	8,797	7,200
Capital expenditures	802	1,243	3,700	5,172
Total assets	525,325	438,364	525,325	438,364	$ 445,258
Commercial and Industrial [Member]
Segment Reporting Information [Line Items]
Revenues	56,778	75,370	190,481	227,928
Cost of services	52,212	69,171	174,712	204,263
Gross profit	4,566	6,199	15,769	23,665
Selling, general and administrative expenses	8,786	6,827	24,660	20,906
Contingent consideration		0		0
Loss (gain) on sale of assets	(6)	(4)	(34)	(8)
Operating income (loss)	(4,214)	(624)	(8,857)	2,767
Depreciation and amortization expense	692	652	2,057	1,907
Capital expenditures	496	507	1,168	1,974
Total assets	71,877	81,693	71,877	81,693
Communications [Member]
Segment Reporting Information [Line Items]
Revenues	96,500	90,438	276,779	230,200
Cost of services	77,792	75,044	225,866	190,895
Gross profit	18,708	15,394	50,913	39,305
Selling, general and administrative expenses	9,316	8,406	27,304	23,006
Contingent consideration		0		0
Loss (gain) on sale of assets	0	0	(9)	0
Operating income (loss)	9,392	6,988	23,618	16,299
Depreciation and amortization expense	330	339	1,010	1,180
Capital expenditures	63	74	531	767
Total assets	131,796	111,270	131,796	111,270
Infrastructure Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	31,942	36,109	92,525	100,038
Cost of services	22,609	27,671	68,177	78,227
Gross profit	9,333	8,438	24,348	21,811
Selling, general and administrative expenses	5,512	4,937	14,923	14,103
Contingent consideration		(163)		(278)
Loss (gain) on sale of assets	3	(4)	3	97
Operating income (loss)	3,818	3,668	9,422	7,889
Depreciation and amortization expense	1,683	1,122	4,557	3,391
Capital expenditures	135	311	725	1,133
Total assets	126,557	118,143	126,557	118,143
Residential [Member]
Segment Reporting Information [Line Items]
Revenues	107,905	80,716	300,660	225,223
Cost of services	82,192	64,350	231,891	178,771
Gross profit	25,713	16,366	68,769	46,452
Selling, general and administrative expenses	16,767	11,812	46,241	34,136
Contingent consideration		0		0
Loss (gain) on sale of assets	0	0	0	(2)
Operating income (loss)	8,946	4,554	22,528	12,318
Depreciation and amortization expense	476	218	1,117	644
Capital expenditures	108	329	977	1,174
Total assets	107,919	57,866	107,919	57,866
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0	0
Cost of services	0	0	0	0
Gross profit	0	0	0	0
Selling, general and administrative expenses	3,880	4,351	11,041	11,338
Contingent consideration		0		0
Loss (gain) on sale of assets	0	0	0	0
Operating income (loss)	(3,880)	(4,351)	(11,041)	(11,338)
Depreciation and amortization expense	19	23	56	78
Capital expenditures	0	22	299	124
Total assets	$ 87,176	$ 69,392	$ 87,176	$ 69,392

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Sep. 30, 2019	May 02, 2019	Mar. 31, 2019	Feb. 06, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized	100,000,000		100,000,000			100,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted			69,338
Shares, Issued									355,597
Shares Issued, Shares, Share-based Payment Arrangement, Forfeited			97,983
Shares, vested			49,678
Shares, Outstanding	207,936		207,936
Treasury Stock Acquired, Average Cost Per Share	$ 20.29	$ 17.88	$ 22.32	$ 17.11
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 3,398		$ 3,398
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			17,427	87,609
Common Stock, Capital Shares Reserved for Future Issuance	668,993		668,993
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	1,500,000		1,500,000				1,000,000.0
Treasury Stock Acquired, Average Cost Per Share	$ 20.29	$ 17.88	$ 22.32	$ 17.11
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation			17,427	87,609
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 3,398		$ 3,398
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	521	$ 333	1,316	$ 443
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	97	100	293	200
Performance Based Phantom Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense	$ 505	$ 427	$ 1,121	$ 892
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired	26,711	162,993	242,386	486,556
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			113,408	212,688
Shares, Issued	1,002,521	830,675	1,002,521	830,675	977,863	884,518		667,682		843,993
Share-based Payment Arrangement, Employee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period			5,750
Share-based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Issued	5,225		5,225
Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common Stock, Shares Authorized	3,000,000.0		3,000,000.0
Repurchase Agreements [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury Stock, Shares, Acquired	26,711	162,993	224,959	398,947
Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				283,195
President [Member] \| Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				3,991

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Retirement Benefits [Abstract]
Defined Contribution Plan, Cost	$ 665	$ 538	$ 1,747	$ 1,561
Liability, Defined Benefit Plan	$ 703		$ 703		$ 738

Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended
Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 817	$ 763
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(699)	(646)
Business Combination, Contingent Consideration, Liability, Noncurrent	(11)	(11)
Fair Value, Net Asset (Liability)	107	106
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		11
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	0
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	817	763
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(699)	(646)
Fair Value, Net Asset (Liability)	118	117
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Combination, Contingent Consideration, Liability, Noncurrent	(11)	(11)
Fair Value, Net Asset (Liability)	$ (11)	$ (11)

Inventory (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventory, Raw Materials, Gross	$ 3,937	$ 4,104
Inventory, Work in Process, Gross	6,713	6,301
Inventory, Finished Goods, Gross	1,376	1,861
Other Inventory, Gross	13,317	9,277
Inventory, Net	$ 25,343	$ 21,543

Goodwill and Intangible Assets Goodwill (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2020 USD ($)
Goodwill [Line Items]
Goodwill	$ 50,622
Goodwill, Acquired During Period	9,862
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Purchase Accounting Adjustments	0
Goodwill	60,484
Commercial and Industrial [Member]
Goodwill [Line Items]
Goodwill	6,976
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Purchase Accounting Adjustments	0
Goodwill	6,976
Residential [Member]
Goodwill [Line Items]
Goodwill	10,018
Goodwill, Acquired During Period	5,946
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Purchase Accounting Adjustments
Goodwill	15,964
Infrastructure Solutions [Member]
Goodwill [Line Items]
Goodwill	30,812
Goodwill, Acquired During Period	3,916
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Purchase Accounting Adjustments	0
Goodwill	34,728
Communications [Member]
Goodwill [Line Items]
Goodwill	2,816
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Purchase Accounting Adjustments	0
Goodwill	$ 2,816

Goodwill and Intangible Assets Intangibles (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Sep. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years 4 months 24 days
Finite-Lived Intangible Assets, Gross		$ 58,786	$ 39,662
Finite-Lived Intangible Assets, Accumulated Amortization		(16,594)	(13,039)
Intangible Assets, Net (Excluding Goodwill)		42,192	26,623
Trademarks and Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		7,754	5,084
Finite-Lived Intangible Assets, Accumulated Amortization		(1,593)	(1,267)
Intangible Assets, Net (Excluding Goodwill)		$ 6,161	3,817
Trademarks and Trade Names [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years	5 years
Trademarks and Trade Names [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years	20 years
Technical Library
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years	20 years
Finite-Lived Intangible Assets, Gross		$ 400	400
Finite-Lived Intangible Assets, Accumulated Amortization		(136)	(121)
Intangible Assets, Net (Excluding Goodwill)		264	279
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross		46,269	33,539
Finite-Lived Intangible Assets, Accumulated Amortization		(13,797)	(11,051)
Intangible Assets, Net (Excluding Goodwill)		$ 32,472	22,488
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	6 years	6 years
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years	15 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years	5 years
Finite-Lived Intangible Assets, Gross		$ 1,300	40
Finite-Lived Intangible Assets, Accumulated Amortization		(59)	(9)
Intangible Assets, Net (Excluding Goodwill)		$ 1,241	31
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year	1 year
Finite-Lived Intangible Assets, Gross		$ 3,063	599
Finite-Lived Intangible Assets, Accumulated Amortization		(1,009)	(591)
Intangible Assets, Net (Excluding Goodwill)		$ 2,054	$ 8
Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		1 year

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Accrued Insurance, Current	$ 6,238	$ 6,683
Liability for Claims and Claims Adjustment Expense	34	90
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount	6,962
Estimated cost of completion of bonded projects	101,229
Insurance Related [Member]
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount	$ 6,762	6,268
Vendor Related [Member]
Loss Contingencies [Line Items]
Letters of Credit Outstanding, Amount		$ 200

Leases (Details) - USD ($)	3 Months Ended	9 Months Ended
Leases (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2020	Oct. 01, 2019
Leases [Abstract]
Operating Lease, Liability, Current	$ 10,752,000	$ 10,752,000
Finance Lease, Liability, Current	287,000	287,000
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	5,783,000	5,783,000
Lessee, Operating Lease, Liability, Payments, Due Year Two	9,826,000	9,826,000
Lessee, Operating Lease, Liability, Payments, Due Year Three	7,588,000	7,588,000
Lessee, Operating Lease, Liability, Payments, Due Year Four	4,796,000	4,796,000
Lessee, Operating Lease, Liability, Payments, Due Year Five	3,015,000	3,015,000
Lessee, Operating Lease, Liability, Payments, Due after Year Five	4,684,000	4,684,000
Lessee, Operating Lease, Liability, Payments, Due	35,692,000	35,692,000
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	3,298,000	3,298,000
Operating Lease, Liability	32,394,000	32,394,000	$ 32,237,000
Finance Lease, Liability, Payments, Due Next Twelve Months	147,000	147,000
Finance Lease, Liability, Payments, Due Year Two	291,000	291,000
Finance Lease, Liability, Payments, Due Year Three	267,000	267,000
Finance Lease, Liability, Payments, Due Year Four	261,000	261,000
Finance Lease, Liability, Payments, Due Year Five	214,000	214,000
Finance Lease, Liability, Payments, Due after Year Five	15,000	15,000
Finance Lease, Liability, Payment, Due	1,195,000	1,195,000
Finance Lease, Liability, Undiscounted Excess Amount	131,000	131,000
Finance Lease, Liability	1,064,000	1,064,000
Lessee, Total Lease, Liability, Payments, Remainder of Fiscal Year [Line Items]	5,930,000	5,930,000
Total Lease, Liability, Payments, Year Two	10,117,000	10,117,000
Total Lease, Liability, Payments, Year Three	7,855,000	7,855,000
Total Lease, Liability, Payments, Year Four	5,057,000	5,057,000
Total Lease, Liability, Payments, Year Five	3,229,000	3,229,000
Total Lease, Liability, Payments, Due After Year Five	4,699,000	4,699,000
Total Lease, Liability, Payments Due	36,887,000	36,887,000
Total Lease, Liability, Undiscounted Excess Amount	3,429,000	3,429,000
Total Lease, Liability	33,458,000	33,458,000
Lessee, Operating Lease, Lease Not yet Commenced, Description	432,000	432,000
Operating Lease, Cost	2,967,000	8,907,000
Finance Lease, Right-of-Use Asset, Amortization	64,000	124,000
Finance Lease, Interest Expense	15,000	30,000
Finance Lease, Cost	79,000	154,000
Short-term Lease, Cost	327,000	802,000
Variable Lease, Cost	190,000	618,000
Lease, Cost	3,563,000	10,481,000
Operating Lease, Payments	3,202,000	9,500,000
Finance Lease, Interest Payment on Liability	15,000	30,000
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	577,000	8,750,000
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 270,000	$ 1,198,000
Operating Lease, Weighted Average Remaining Lease Term	4 years 6 months	4 years 6 months
Finance Lease, Weighted Average Remaining Lease Term	4 years 4 months 24 days	4 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	4.00%	4.00%
Finance Lease, Weighted Average Discount Rate, Percent	5.50%	5.50%

Business Combinations and Divestitures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Business Combination, Consideration Transferred			$ 28,952
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets	$ 6,185		6,185
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	489		489
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	19,733		19,733
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net	9,862		9,862
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	(4,863)		(4,863)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(2,454)		(2,454)
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest	28,952		28,952
Business Acquisition, Goodwill, Expected Tax Deductible Amount	3,916		3,916
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	7,713		12,668
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	464		991
Business Acquisition, Pro Forma Revenue	293,125	$ 295,189	877,609	$ 813,575
Business Acquisition, Pro Forma Net Income (Loss)	$ 12,260	$ 11,834	$ 28,393	$ 24,538