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Defined Benefit Pension Plan - Expected Return on Assets (Details)	Sep. 30, 2024	Sep. 30, 2023
Defined benefit pension plan
Total	100.00%	100.00%
Government bonds
Defined benefit pension plan
Total	59.70%	59.70%
Equity securities
Defined benefit pension plan
Total	0.00%	0.00%
Corporate bonds
Defined benefit pension plan
Total	29.70%	29.80%
Diversified fund
Defined benefit pension plan
Total	10.00%	10.10%
Cash
Defined benefit pension plan
Total	0.60%	0.40%

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Numerator:
Net income	$ 19,991	$ 20,978	$ 40,324
Denominator:
Basic weighted average shares outstanding (in shares)	30,496,306	31,075,648	32,292,978
Dilutive impact of stock options, RSUs and RSAs (in shares)	1,137,886	998,913	1,426,446
Diluted weighted average shares outstanding (in shares)	31,634,192	32,074,561	33,719,424
Basic income per common share (in usd per share)	$ 0.66	$ 0.68	$ 1.25
Diluted income per common share (in usd per share)	$ 0.63	$ 0.65	$ 1.2
Stock options, RSUs and RSAs excluded from income per diluted share because their effect would have been anti-dilutive (in shares)	1,286,030	1,808,606	1,009,288

- Definition

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

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- 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.

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- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

LIQUIDITY SERVICES, INC.

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

(Dollars in Thousands)


	Balance at beginning of period		Charged (credited) to expense			Reductions			Balance at end of period
Deferred tax valuation allowance (deducted from net deferred tax assets)
Year ended September 30, 2022	$	13,813		(1,554	)		—		$	12,259
Year ended September 30, 2023		12,259		3,770			—			16,029
Year ended September 30, 2024	$	16,029		1,164			—		$	17,193
Allowance for doubtful accounts (deducted from accounts receivable)
Year ended September 30, 2022	$	490		136			(177	)	$	449
Year ended September 30, 2023		449		1,392			(417	)		1,424
Year ended September 30, 2024	$	1,424		839			(583	)	$	1,680
Provision for inventory allowance (deducted from inventory)
Year ended September 30, 2022	$	174		96			(174	)	$	96
Year ended September 30, 2023		96		1,048			(100	)		1,044
Year ended September 30, 2024	$	1,044		163			(1,204	)	$	3

Intangible Assets - Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Future expected amortization of intangible assets
2024	$ 2,965
2025	2,601
2026	2,721
2027	2,638
2028	2,604
Thereafter	383
Net Carrying Amount	$ 13,912	$ 12,457

Property and Equipment - Narrative (Details) - USD ($)	12 Months Ended
Property and Equipment - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Property and Equipment
Depreciation and amortization	$ 8,100,000	$ 7,400,000	$ 6,500,000
Impairment of long-lived assets	0	0	0
Internally developed software for internal-use
Property and Equipment
Depreciation and amortization	$ 6,000,000	$ 5,600,000	$ 4,700,000

Goodwill - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Goodwill [Roll Forward]
Balance at the beginning of the period	$ 89,388	$ 88,910	$ 59,872
Translation adjustments	535	478	(1,045)
Balance at the end of the period	97,792	89,388	88,910
Bid4Assets Acquisition
Goodwill [Roll Forward]
Addition			30,083
Sierra Acquisition
Goodwill [Roll Forward]
Addition	7,869
GovDeals
Goodwill [Roll Forward]
Balance at the beginning of the period	53,814	53,814	23,731
Balance at the end of the period	61,683	53,814	53,814
GovDeals \| Bid4Assets Acquisition
Goodwill [Roll Forward]
Addition			30,083
GovDeals \| Sierra Acquisition
Goodwill [Roll Forward]
Addition	7,869
CAG
Goodwill [Roll Forward]
Balance at the beginning of the period	21,016	20,538	21,583
Translation adjustments	535	478	(1,045)
Balance at the end of the period	21,551	21,016	20,538
Machinio
Goodwill [Roll Forward]
Balance at the beginning of the period	14,558	14,558	14,558
Balance at the end of the period	$ 14,558	$ 14,558	$ 14,558

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Use of Estimates

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

Principles of Consolidation and Basis of Presentation

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. In addition, in the opinion of management, all adjustments (consisting of normal, recurring accruals) considered necessary for a fair presentation of the results for the periods presented have been included.

Business Combinations

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

Cash and Cash Equivalents

The Company considers all highly liquid securities purchased with an initial maturity of three months or less to be cash equivalents and are included as a current asset in the line-item Cash and cash equivalents within our Consolidated Balance Sheets. Interest income earned through our cash and cash equivalents are recorded to Interest and other income, net within the Consolidated Statements of Operations.

Short-term Investments

The Company's short-term investments are designated as held-to-maturity investment securities, recorded at amortized cost, and are included as a current asset in the line-item Short-term investments within our Consolidated Balance Sheets as their maturity is less than one year from the balance sheet date. Interest income earned through our short-term investments are recorded to Interest and other income, net within the Consolidated Statements of Operations.

Accounts Receivable

Accounts receivable are recorded at the invoiced amount and are non-interest-bearing. The Company maintains an allowance for doubtful accounts to reserve for potentially uncollectible receivables. Changes in allowances, which are included in Sales and marketing

within the Consolidated Statements of Operations, are based on management’s judgment, which considers historical bad debt experience, a specific review of all significant outstanding invoices, customer-specific information and relevant conditions, and an assessment of general economic conditions. As of September 30, 2024, the Company's bad debt allowance was $1.7 million.

Inventory

Inventory consists of property obtained for resale, generally through the online auction process, and is stated at the lower of cost or net realizable value in the line-item Inventory, net on the Consolidated Balance Sheets. Cost is generally determined using the specific identification method. Costs associated with our warehouse operations are expensed as incurred and included within Technology and operations expenses in the Consolidated Statements of Operations. Charges for unsellable inventory, as well as for inventory written down to net realizable value, are included in Cost of goods sold in the period in which they have been determined to occur. As of September 30, 2024, the Company's Inventory, net on its Consolidated Balance Sheet reflects immaterial adjustments to net realizable value. As of September 30, 2023, the Company's Inventory, net on its Consolidated Balance Sheet reflects adjustments to net realizable value of $1.0 million.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets

Prepaid expenses and other current assets include the short-term portion of contract assets (described in "Contract Assets and Liabilities"), capitalized sales commissions paid (described in "Contract Costs"), recoverable value-added tax, as well as other miscellaneous prepaid expenses.

Property and Equipment

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


Computers and purchased software		One to five years
Equipment		Two to five years
Furniture and fixtures		Five to seven years
Internally developed software for internal-use		Two to five years
Leasehold improvements		Shorter of lease term or useful life
Buildings		Thirty-nine years
Vehicles		Five years
Land		Not depreciated

Leases

The Company determines if an arrangement is a lease upon inception. A contract is or contains a lease if the contract provides the right to control the use of an identified asset for a period of time.

Lease assets and liabilities are recognized at the lease commencement date at an amount equal to the present value of the lease payments to be made over the lease term. The lease payments represent the combination of lease and nonlease components. The discount rate used to determine the present value is the Company’s incremental borrowing rate for a duration that is consistent with the lease term, as the rates implicit in the Company’s leases are generally not determinable. The Company’s incremental borrowing rate is estimated using publicly available information for companies with comparable financial profiles, adjusted for the impact of collateralization. The lease term includes the impacts of options to extend or terminate the lease only if it is reasonably certain that the option will be exercised.

Lease expense related to operating lease assets and liabilities is recognized on a straight-line basis over the lease term. Lease expense related to finance lease assets is recognized on a straight-line basis over the shorter of the useful life of the asset or the lease term, while lease expense related to finance lease liabilities is recognized using the interest method. Lease-related payments not included in the determination of the lease assets and liabilities, such as variable lease payments, are expensed as incurred.

Lease assets and liabilities are not recognized when the lease term is 12 months or less; however, short-term lease expense is still recognized on a straight-line basis over the lease term.

Balances related to the Company's operating leases are included within Operating lease assets, Current portion of operating lease liabilities, and Operating lease liabilities (non-current portion of operating lease liabilities) on the Consolidated Balance Sheets.

Balances related to the Company's finance leases are included within Other assets (finance lease assets), Accrued expenses and other current liabilities (current portion of finance lease liabilities), and Other long-term liabilities (non-current portion of finance lease liabilities) on the Consolidated Balance Sheets.

Lease assets are assessed for impairment in accordance with the Company’s accounting policy for the impairment of long-lived assets.

Intangible Assets

Intangible assets consist of customer and supplier relationships, technology, trade names, and other intangibles (comprised of patents and related assets). Intangible assets are amortized using the straight-line method over their estimated useful lives.

Impairment of Long-Lived Assets

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

Goodwill

Goodwill represents the costs in excess of the fair value of net assets acquired through acquisitions by the Company. The Company reviews goodwill for impairment annually on July 1, or more frequently if events or circumstances indicate impairment may exist. Examples of such events or circumstances could include a significant change in business climate or the loss of a significant contract.

In evaluating goodwill for impairment, the Company may first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount. If the Company concludes that it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further testing of goodwill assigned to the reporting unit is required. If the Company concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company applies a fair value-based test.

In applying a fair value-based test, the Company determines the fair value of each of its reporting units and compares that amount to the carrying amount of the respective reporting units, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, no impairment loss is recognized. If, instead, the carrying value of the reporting unit exceeds its fair value, an impairment loss is recognized in the amount of the excess carrying value.

Deferred Revenue

Deferred revenue is primarily derived from Machinio Advertising and System subscriptions that range primarily from one to twenty-four months. Subscription fees are recognized ratably over the term of the agreements.

Revenue Recognition

In the Consolidated Statements of Operations, revenue from the resale of inventory that the Company purchases from sellers is recognized within Purchase revenues. Revenue from the sale of inventory that the Company sells on a consignment basis, and other non-consignment fee revenue, which includes Machinio's subscription services, is recognized within Consignment and other fee revenues.

The Company recognizes revenue when or as performance obligations are satisfied and control is transferred to the customer. Revenue is recognized in the amount that reflects the consideration to which the Company expects to be entitled.

Revenue is also evaluated to determine whether the Company should report the gross proceeds as revenue, when the Company acts as the principal in the arrangement, or the Company should report its revenue on a net basis, when the Company acts as an agent. Specifically, when other parties are involved in providing goods or services to a customer, the Company must determine whether the nature of its promise is a performance obligation to provide the specified goods or services itself, or to arrange for another party to provide them. The Company evaluates the following factors to determine if it is acting as a principal: (a) whether the Company is primarily responsible for fulfilling the promise to provide the asset or assets; (b) whether the Company has inventory risk of the asset or assets before they are transferred to the buyer; and (c) whether the Company has discretion in establishing the price for the asset or assets.

The Company enters into contracts with buyers and sellers. The Company has master agreements with some sellers pertaining to the sale of a flow of surplus assets over the term of the master agreement; however, a revenue contract for accounting purposes exists when the Company agrees to sell a specific asset or assets. When acting as a principal (a “purchase” arrangement), the Company purchases an asset or assets from a seller and then the Company seeks to sell the asset or assets to a buyer. The Company recognizes as Purchase revenues the gross proceeds from the sale, including buyer's premiums. In purchase arrangements, the contract with the seller is not a revenue contract in the scope of the revenue recognition guidance; rather, it is a purchase of inventory.

When the Company is acting as an agent (a “consignment” arrangement), its performance obligation is to arrange for the seller to sell an asset or assets to the buyer directly. The Company recognizes Consignment revenues, which are composed of buyer's premiums and/or sales commissions, based on the amounts that are paid to the Company by the buyers and sellers for utilizing the Company's services, which represent a percentage of the gross transaction proceeds.

For the Company’s CAG segment, certain transactions may involve cooperation with third parties to satisfy the performance obligation of arranging for the sale of assets to a buyer, with proceeds shared among the parties. When a seller requests multiple parties to fulfill its performance obligation, the Company recognizes revenue in the amount of the portion of purchase or consignment proceeds to be retained by the Company. When the Company controls whether to use third parties to fulfill its performance obligation, it is considered the principal and revenue is recognized on a gross basis, with amounts due to third parties recognized as an expense.

In both purchase and consignment arrangements, the Company sometimes provides varying levels of services to the seller, such as returns management, refurbishment of assets, or valuation services. These services are considered integrated with the broader performance obligation to sell the seller’s assets to a buyer. Other services provided to sellers are not capable of being distinct, like providing access to the Company’s e-commerce marketplaces or promoting the asset or assets for sale, because they could not benefit the seller separately from the sale of their assets.

The consideration received from buyers and sellers includes (a) buyer’s premiums, (b) seller’s commissions, and (c) fees for services, including reimbursed expenses. Consideration is variable based on units, final auction prices, or other factors, until the buyer’s purchase of the asset or assets is complete, or the service has been provided. Recognition of variable consideration that is based on the results of auctions or purchases by buyers is constrained until those transactions have been finalized. The Company estimates and recognizes amounts related to sales returns, discounts, or rebates promised to customers, and reimbursed expenses; however, those estimates are not significant relative to the Company's consolidated revenues. Revenue is recognized when or as the performance obligation is satisfied. Variable consideration is allocated to individual performance obligations when the variable consideration is related to satisfying that performance obligation. The Company's revenue is generally recorded subsequent to receipt of payment authorization, utilizing credit cards, wire transfers and other methods of payments. Goods are generally not shipped before payment is received. For certain transactions, payment is due upon invoice and the payment terms vary depending on the segments.

The Company collects and remits sales taxes on merchandise that it purchases and sells and has elected the practical expedient to exclude such sales tax amounts from the transaction price. The Company also provides shipping and handling services in some arrangements and has elected the practical expedient to treat those activities as fulfillment costs and will recognize the costs of these services at the time revenue is recognized for the related assets sold. If the Company is acting as a principal for the combined obligation, amounts received from customers for shipping are recognized as Revenue, and amounts paid for shipping are recognized as Costs of goods sold. If the Company is acting as an agent for the combined obligation, shipping revenue and costs will be netted and recognized within Costs of goods sold.

The Company’s purchase and consignment performance obligations are satisfied at the point in time when control of the asset is transferred to the buyer or when the service is completed. The Company determines when control has transferred by evaluating the following five indicators: (a) whether the Company has a present right to payment for the asset or assets; (b) whether the buyer has legal title to the asset; (c) whether the buyer has physical possession of the asset or assets; (d) whether the buyer has the significant risks and rewards of ownership; and (e) whether the buyer has accepted the asset or assets.

For the Company's Machinio segment, the performance obligation has been identified as the stand ready obligation to provide access to the Machinio subscription services, which it satisfies over time and recognizes as other fee revenues. As of September 30, 2024, the Machinio segment had a remaining performance obligation of $4.8 million; the Company expects to recognize the substantial majority of that amount as Fee Revenue over the next 12 months.

Cost of Goods Sold

Cost of goods sold includes direct and incremental costs of purchasing inventory, transporting property for auction, shipping and handling costs, and credit card and other transaction fees. For transactions where the Company resells inventory that was purchased from sellers, the cost of goods sold includes the cost of that inventory, generally using specific identification. There are no inventory costs associated with consignment sales.

Contract Assets and Liabilities

Contract assets reflect an estimate of expenses that will be reimbursed upon settlement with a seller. The contract asset balance was $1.5 million and $0.9 million as of September 30, 2024 and 2023, respectively, and is included in the line-item Prepaid expenses and other current assets on the Consolidated Balance Sheets.

Contract liabilities reflect obligations to provide services for which the Company has already received consideration and generally arise from upfront payments received in connection with Machinio's subscription services. The contract liability balance was $4.8 million and $4.7 million as of September 30, 2024 and 2023, respectively, and is included in the line-item Deferred revenue on the Consolidated Balance Sheet. Of the September 30, 2023 contract liability balance, $4.6 million was earned as Fee Revenue during the year ended September 30, 2024.

Contract Costs

Contract costs relate to sales commissions paid on subscription contracts that are capitalized within our Machinio segment. Contract costs are amortized over the expected life of the customer contract. The contract cost balance was $2.3 million and $2.2 million as of September 30, 2024 and 2023, respectively, and is included in the line-item Prepaid expenses and other current assets and Other assets on the Consolidated Balance Sheets. Amortization expense was $1.6 million and $1.3 million during the year ended September 30, 2024 and 2023, respectively.

Risk Associated with Certain Concentrations

For the majority of buyers that receive goods before payment to the Company is made, credit evaluations are performed; however, for the remaining buyers, goods are not shipped before payment is made, and as a result the Company is not subject to significant collection risk from those buyers.

For consignment sales transactions, funds are typically collected from buyers and are held by the Company on the sellers' behalf. The funds are included in Cash and cash equivalents on the Consolidated Balance Sheets. The Company releases the funds to the seller, less the Company's commission and other fees due, through Accounts payable after the buyer has accepted the goods or within 30 days, depending on the state where the buyer and seller conduct business.

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash in banks within non-interest bearing, interest-bearing, and earnings allowance checking accounts, as well as cash equivalent money market funds, all of which exceed the applicable U.S. federal (FDIC and/or SIPC) and local jurisdiction (foreign banking institutions) insurance limits, and Accounts receivable.

The Company deposits its cash in interest bearing checking accounts, acquires cash equivalent money market funds, and holds short-term investments designated as held-to-maturity investment securities, each with financial institutions that the Company considers to be of high credit quality. Management continually monitors the financial institutions with whom we conduct business and responds appropriately, when necessary, to manage potential risk exposure to our cash balances above the insurance limits.

We have multiple vendor contracts with Amazon.com, Inc. under which we acquire and sell commercial merchandise. While purchase model transactions account for less than 20% of our total GMV, the cost of inventory for purchase model transactions is the most significant component of our consolidated Costs of goods sold. $12.2 million and $5.8 million of inventory purchased under such contracts with Amazon.com, Inc. is included in our Consolidated Inventory balances as of September 30, 2024 and 2023, respectively. Our vendor contracts with respect to sourcing or consigning merchandise for our RSCG segment generally reflect the concentration dynamics inherent to the retail industry.

Income Taxes

The Company accounts for income taxes using an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statement and income tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which the taxes are expected to be paid or recovered. The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than not to be realized. In making such determination, the Company considers all available positive and negative evidence to estimate whether future taxable income will be generated to permit use of the existing deferred tax asset. The resulting net tax asset reflects management's estimate of the amount that will be realized.

The Company applies the authoritative guidance related to uncertainty in income taxes. Accounting Standards Codification (ASC) 740 states that a benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of technical merits. The Company’s policy is to recognize interest and penalties in the period in which they occur in the income tax provision. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions, and in foreign jurisdictions including, among others, Canada and the U.K.

Stock-Based Compensation

The Company has incentive plans under which stock options, restricted stock units, restricted stock awards, and stock appreciation rights are issued. The awards issued can contain service conditions, performance conditions based upon Company financial results, and/or market conditions based upon changes in the Company's stock price.

Service- and performance-based stock awards are measured at fair value on their grant date. Stock options and stock appreciation rights are measured at fair value using the Black-Scholes option-pricing model; however, because the stock appreciation rights are cash settled, they are also measured at fair value in each reporting period. The Black-Scholes option-pricing model includes assumptions for the expected term, volatility, and dividend yield, each of which are determined in reference to the Company's historical results. Where applicable, the expected term assumption is derived separately for homogenous groups within the overall award population. Restricted stock units and restricted stock awards are measured at fair value using the closing price of the Company's stock on the grant date. For service-based stock awards, the Company recognizes expense on a straight-line basis over the service period, which is generally a period of one to four years. For performance-based stock awards, the Company recognizes expense on a straight-line basis over the derived service period expected to be required to achieve the performance condition. The Company records a cumulative adjustment to compensation expense for performance-based awards if there is a change in determination of whether it is probable that the performance condition will be achieved.

Market-based stock awards are measured at fair value on their grant date using a Monte Carlo simulation. The Monte Carlo simulation includes assumptions for the expected term, volatility, and dividend yield, each of which are determined in reference to the Company's historical results. For market-based stock option and restricted stock awards, the Company recognizes expense on a straight-line basis over the derived service period determined by the Monte Carlo simulation, for each stock price target within the award. The Company accelerates expense when a stock price target is achieved prior to the derived service period. The Company, however, does not reverse expense recognized if the stock price target(s) are not ultimately achieved, as required by equity accounting for market-based awards. For market-based stock appreciation rights, because they are cash settled, they are measured at fair value in each reporting period. The Company recognized expense on a straight-line basis over the derived service period determined by the Monte Carlo simulation in each reporting period, for each stock price target within the award. The Company accelerates expense when a stock price target is achieved prior to the derived service period, and reverses expense recognized if the stock price target(s) are not ultimately achieved, as required by liability accounting for market-based awards.

The Company recognizes the impact of forfeitures in the period they occur.

Compensation expense from the stock awards is included in the same lines on the Consolidated Statements of Operations as the cash compensation to the employees receiving the stock awards.

Excess tax benefits realized from stock awards are reported as cash flows from operating activities on the Consolidated Statements of Cash Flows.

Advertising Costs

Advertising expenditures are expensed as incurred. Advertising costs charged to expense were $5.2 million, $4.5 million, and $4.6 million for the years ended September 30, 2024, 2023, and 2022, respectively.

Treasury Stock

Treasury stock is presented at cost, including any applicable excise taxes, commissions and fees, as a reduction of stockholders’ equity in the Consolidated Balance Sheets and Consolidated Statement of Stockholders' Equity. Treasury stock held by us may be retired or reissued in the future.

Foreign Currency Translation

The functional currency of the Company's foreign subsidiaries is primarily the local currency. The translation of the subsidiary's financial statements into U.S. dollars is performed for balance sheet accounts using exchange rates in effect at the balance sheet date and for revenue and expense accounts using an average exchange rate during the period. The resulting translation adjustments are recognized in Accumulated other comprehensive loss, a separate component of stockholders' equity. Realized and unrealized foreign currency transaction gains and losses are included in Interest and other income, net in the Consolidated Statements of Operations.

Accumulated Other Comprehensive Loss

The following table shows the changes in accumulated other comprehensive loss, net of taxes (in thousands):


	Foreign Currency Translation Adjustments			Net Change Pension and Other Postretirement Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at September 30, 2021	$	(7,484	)	$	(1,527	)	$	(9,011	)
Current-period other comprehensive income (loss)		(3,110	)		1,836			(1,274	)
Balance at September 30, 2022		(10,594	)		309			(10,285	)
Current-period other comprehensive (loss)		1,238			(1,411	)		(173	)
Balance at September 30, 2023		(9,356	)		(1,102	)		(10,458	)
Current-period other comprehensive (loss)		1,516			(485	)		1,031
Balance at September 30, 2024	$	(7,840	)	$	(1,587	)	$	(9,427	)

Recent Accounting Pronouncements

Accounting Standards Adopted

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326). The majority of the Company’s sales require payment in advance of the sale, but a limited number of buyers are approved to conduct sales on credit. Accounts receivables related to those sales are generally short-term in nature and do not require the posting of collateral. The Company estimates its allowances for expected credit loss based on historical collection trends, the age of outstanding receivables, existing economic conditions, and the specific facts and circumstances of individual customers. If events or changes in circumstances indicate that specific receivable balances may be impaired, further consideration is given to the collectability of those balances and the allowance is adjusted accordingly. Past-due account balances are written off when the Company’s internal collection efforts have been unsuccessful in collecting the amounts due. The Company adopted the new standard effective October 1, 2023. The adoption of ASU 2016-13 did not have a material impact on our consolidated financial statements.

Accounting Standards Not Yet Adopted

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. It will require organizations to provide enhanced disclosures primarily regarding significant segment expenses. The guidance will be effective for the Company beginning with its Annual Report on Form 10-K for the fiscal year ending September 30, 2025. The guidance is required to be applied on a retrospective basis, with all such required disclosures to be made with regard to all fiscal years presented in the financial statements. The Company is currently evaluating the effect that the adoption of this ASU may have on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU will require organizations to disclose specific categories in their tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. The guidance will be effective for the Company beginning with its Annual Report on Form 10-K for the fiscal year ending September 30, 2026. The guidance is required to be applied on a prospective basis; however, retrospective application is permitted. The Company is currently evaluating the effect that the adoption of this ASU may have on its consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income (Topic 220): Disaggregation of Income Statement Expenses. This ASU will require organizations to disaggregate certain expense captions an entity presents on the face of the income statement into specific categories in disclosures within the footnotes to the financial statements. This guidance will be effective for the Company beginning with its Annual Report on Form 10-K for the fiscal year ending September 30, 2028. The guidance is required to be applied on a prospective basis; however, retrospective application is permitted. The Company is currently evaluating the effect that the adoption of this ASU may have on its consolidated financial statements.

Equity Transactions - Narrative (Details) - USD ($)	12 Months Ended
Equity Transactions - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Dec. 09, 2024	Sep. 08, 2023	Mar. 13, 2023	Dec. 06, 2022	May 13, 2022	Dec. 06, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining shares reserved for issuance	2,410,227
Stock compensation awards, total liability	$ 0	$ 0
Weighted average grant date fair value of options granted (in dollars per share)	$ 8.96	$ 7.49	$ 10.7
Intrinsic value of options exercised	$ 6,608,000	$ 3,000,000	$ 3,800,000
Remaining repurchase amount	$ 7,600,000	17,000,000	6,600,000
Shares repurchased	564,887
Common stock repurchases	$ 9,426,000	$ 21,277,000	$ 25,447,000
Stock redeemed or called during period (in shares)	17,564	12,705	23,839
December 6, 2021 Stock Repurchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining repurchase amount								$ 12,000,000	$ 20,000,000
Shares repurchased			1,567,277
Common stock repurchases			$ 25,400,000
December 6, 2022 Stock Repurchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining repurchase amount					$ 15,200,000	$ 8,000,000	$ 8,400,000
Shares repurchased		1,607,141
Common stock repurchases		$ 21,200,000
December 9, 2024 Stock Repurchase Plan \| Subsequent Event
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Remaining repurchase amount				$ 10,000,000
Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for issuance	20,300,000
Shares and options vesting period	1 year
Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for issuance	22,800,000
Shares and options vesting period	4 years
Stock options
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options not yet exercisable (in shares)	747,875
Options, service-based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options not yet exercisable (in shares)	312,961
Unrecognized compensation cost	$ 2,200,000
Weighted average vesting period for unrecognized compensation cost	2 years 2 months 12 days
Options, service-based \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares and options vesting period	1 year
Stock options, expiration term	5 years
Options, service-based \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares and options vesting period	4 years
Stock options, expiration term	10 years
Options, service and performance or market based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options not yet exercisable (in shares)	434,914
Restricted stock units and restricted stock awards, service based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested shares	876,442
Restricted stock units and restricted stock awards, service and performance or market based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested shares	899,185
Restricted stock unit, service based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average vesting period for unrecognized compensation cost	2 years 4 months 24 days
Unrecognized compensation cost, excluding options	$ 11,300,000
Restricted stock unit, service based \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares and options vesting period	1 year
Restricted stock unit, service based \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares and options vesting period	4 years
Stock Appreciation Rights (SARs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Cash paid to settle stock appreciation rights	$ 0	$ 200,000	$ 200,000
Outstanding as of end of period (in shares)	0
New shares awarded	0
Stock options, RSUs and RSAs, performance based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average vesting period for unrecognized compensation cost	1 year
Unrecognized compensation costs	$ 2,900,000
Stock options, RSUs and SARs, market based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares and options vesting period	4 years
Average share price term	20 days
Stock options and RSUs, market based
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Weighted average vesting period for unrecognized compensation cost	1 year
Unrecognized compensation costs	$ 500,000

Summary of Significant Accounting Policies - Contract Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Contract liability	$ 4,800	$ 4,700
Contract liability, current	4,788	4,701
Contract asset	1,500	900
Contract liability recognized as revenue	4,600
Contract costs	2,300	2,200
Capitalized contract cost, amortization	$ 1,600	$ 1,300

Property and Equipment (Tables)

12 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

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


	September 30,
	2024			2023
	(in thousands)
Computers and purchased software	$	2,351		$	2,151
Developed software for internal-use		30,341			25,820
Equipment		10,177			9,337
Leasehold improvements		4,182			2,979
Building		2,203			2,158
Furniture and fixtures		391			413
Vehicles		1,536			1,383
Land		754			754
Construction in progress		3,030			2,249
Total property and equipment		54,965			47,244
Less: Accumulated depreciation and amortization		(37,004	)		(30,088	)
Total property and equipment, net	$	17,961		$	17,156

Legal Proceedings - Additional Information (Details) - USD ($) $ in Millions		12 Months Ended
	Aug. 01, 2024	Sep. 30, 2024
Loss Contingencies [Line Items]
Litigation settlement funded amount		$ 3.0
Litigation settlement expense net of insurance recovery		$ 0.5
Amount paid to plaintiff	$ 3.5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

401(k) Benefit Plan

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

401(k) Benefit Plan

10. 401(k) Benefit Plan

The Company has a retirement plan (the Plan), which is intended to be a qualified plan under Section 401(k) of the Internal Revenue Code of 1986, as amended. The Plan is a defined contribution plan available to all eligible employees and allows participants to contribute up to the legal maximum of their eligible compensation, not to exceed the maximum tax-deferred amount allowed by the Internal Revenue Service. The Plan also allows the Company to make discretionary matching contributions.

During the fiscal year ended September 30, 2023, the Company stopped accepting investments in the Company’s stock fund under the Plan and all shares of the Company and other Plan interests held in the stock fund under the Plan were reinvested into non-Company investment vehicles. On March 28, 2023, the Company filed a post-effective amendment on Form S-8 with the SEC to deregister all of the previously registered shares and other Plan interests that remained unissued and unsold under the Plan. As a result, interests in the Plan no longer require registration under the Securities Exchange Act of 1934, as amended. On October 2, 2023, the Company filed a Form 15 to suspend the duty of the Plan to file reports under Section 15(d) of the Securities Exchange Act of 1934, as amended.

For the years ended September 30, 2024, 2023, and 2022, the Company recorded expenses of $1.5 million, $1.4 million, and $1.0 million, respectively, related to its contributions to the Plan.

Summary of Significant Accounting Policies - Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount	$ 0	$ 1,000

Equity Transactions - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Stock Options
Outstanding as of beginning of period (in shares)	2,629,197
Granted (in shares)	251,910
Exercised (in shares)	(554,191)
Forfeited (in shares)	(40,508)
Expired (in shares)	(97,990)
Outstanding as of end of period (in shares)	2,188,418	2,629,197
Vested and expected to vest as of end of period (in shares)	2,169,945
Exercisable as of end of period (in shares)	1,440,543
Weighted- Average Exercise Price
Outstanding as of beginning of period (in dollars per share)	$ 11.41
Granted (in dollars per share)	18
Exercised (in dollars per share)	8.42
Forfeited (in dollars per share)	20.32
Expired (in dollars per share)	22.85
Outstanding as of end of period (in dollars per share)	12.25	$ 11.41
Vested and expected to vest as of end of period (in dollars per share)	12.23
Exercisable as of end of period (in dollars per share)	$ 9.56
Weighted- Average Remaining Contractual Term (years)
Outstanding, weighted-average remaining contractual term	5 years 2 months 19 days	5 years 1 month 13 days
Vested and expected to vest, weighted average remaining contractual term	5 years 2 months 8 days
Exercisable, weighted-average remaining contractual term	3 years 11 months 23 days
Aggregate Intrinsic Value
Outstanding as of beginning of period, aggregate intrinsic value	$ 18,549
Granted, aggregate intrinsic value	0
Exercised, aggregate intrinsic value	6,608	$ 3,000	$ 3,800
Forfeited, aggregate intrinsic value	20
Expired, aggregate intrinsic value	0
Outstanding as of end of period, aggregate intrinsic value	23,269	$ 18,549
Vested and expected to vest, aggregate intrinsic value	23,111
Exercisable, aggregate intrinsic value	$ 19,133

Fair Value Measurement (Tables)

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Changes In Financial Liabilities Fair Value

The changes in earn-out liability measured at fair value for which the Company has used Level 3 inputs to determine fair value during the year ended September 30, 2022, was as follows (in thousands):


	Contingent Consideration
Balance at September 30, 2021	$	—
Earn-out from business acquisition		26,900
Measurement period adjustment		1,100
Payment of achieved earn-out threshold		(3,500	)
Change in fair value		(24,500	)
Balance at September 30, 2022	$	—

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On August 21. 2024, Edward J. Kolodzieski, a member of Liquidity’s Board of Directors, entered into a Rule 10b5-1 trading arrangement that provides for the sale of 30,000 shares of Liquidity Common Stock. The trading arrangement is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The duration of the trading arrangement is until the earlier of (1) August 22, 2025, (2) the date on which all transactions under the trading arrangement are completed, or (3) at such time as the trading arrangement is otherwise terminated or expires according to its terms. On December 9, 2024, the Company's Board of Directors authorized the repurchase of up to $10.0 million of the Company's outstanding shares of common stock through December 31, 2026. This authorization is in addition to the $7.6 million remaining under the September 8, 2023 authorization to repurchase up to $15.2 million in shares through December 31, 2025. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and the existence of alternative investment opportunities. The repurchase program will be executed consistent with the Company's capital allocation strategy of prioritizing investment to grow the business over the long term. Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the United States Securities and Exchange Commission (the “SEC”) and other applicable legal and regulatory requirements. The repurchase program does not obligate the Company to acquire any particular amount of common shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.
Name	Edward J. Kolodzieski
Title	Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 21. 2024
Rule 10b5-1 Arrangement Terminated	false
Expiration Date	August 22, 2025
Aggregate Available	30,000

Segment Information - Schedule of Total Long-Lived Assets by Geographical Location (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Long-lived assets	$ 17,961	$ 17,156
United States
Segment Reporting Information [Line Items]
Long-lived assets	17,827	17,039
Rest of the world
Segment Reporting Information [Line Items]
Long-lived assets	$ 134	$ 117

Income Taxes - CarryForwards (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Reconciliation of unrecognized tax benefits
Beginning balance	$ 0	$ 143	$ 143
Additions based on positions related to the current year	0	0	0
Additions for tax positions of prior years	0	0	0
Reductions for tax positions of prior years	0	(143)	0
Settlements	0	0	0
Ending balance	$ 0	$ 0	$ 143

Goodwill (Tables)

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of goodwill activity

The carrying value and changes in the carrying value of goodwill attributable to each reportable segment were as follows:


Goodwill (in thousands)	GovDeals		CAG			Machinio		Total
Balance at September 30, 2021	$	23,731	$	21,583		$	14,558	$	59,872
Addition: Bid4Assets acquisition		30,083		—			—		30,083
Translation adjustments		—		(1,045	)		—		(1,045	)
Balance at September 30, 2022	$	53,814	$	20,538		$	14,558	$	88,910
Translation adjustments		—		478			—		478
Balance at September 30, 2023	$	53,814	$	21,016		$	14,558	$	89,388
Addition: Sierra acquisition	$	7,869	$	—		$	—	$	7,869
Translation adjustments		—		535			—		535
Balance at September 30, 2024	$	61,683	$	21,551		$	14,558	$	97,792

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Summary of Significant Accounting Policies

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Use of Estimates

Principles of Consolidation and Basis of Presentation

Business Combinations

Cash and Cash Equivalents

Short-term Investments

Accounts Receivable

Inventory

Prepaid expenses and other current assets

Property and Equipment

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


Computers and purchased software		One to five years
Equipment		Two to five years
Furniture and fixtures		Five to seven years
Internally developed software for internal-use		Two to five years
Leasehold improvements		Shorter of lease term or useful life
Buildings		Thirty-nine years
Vehicles		Five years
Land		Not depreciated

Leases

Lease assets and liabilities are not recognized when the lease term is 12 months or less; however, short-term lease expense is still recognized on a straight-line basis over the lease term.

Lease assets are assessed for impairment in accordance with the Company’s accounting policy for the impairment of long-lived assets.

Intangible Assets

Impairment of Long-Lived Assets

Goodwill

Deferred Revenue

Revenue Recognition

Cost of Goods Sold

Contract Assets and Liabilities

Contract Costs

Risk Associated with Certain Concentrations

Income Taxes

Stock-Based Compensation

The Company recognizes the impact of forfeitures in the period they occur.

Compensation expense from the stock awards is included in the same lines on the Consolidated Statements of Operations as the cash compensation to the employees receiving the stock awards.

Excess tax benefits realized from stock awards are reported as cash flows from operating activities on the Consolidated Statements of Cash Flows.

Advertising Costs

Treasury Stock

Foreign Currency Translation

Accumulated Other Comprehensive Loss

The following table shows the changes in accumulated other comprehensive loss, net of taxes (in thousands):


	Foreign Currency Translation Adjustments			Net Change Pension and Other Postretirement Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at September 30, 2021	$	(7,484	)	$	(1,527	)	$	(9,011	)
Current-period other comprehensive income (loss)		(3,110	)		1,836			(1,274	)
Balance at September 30, 2022		(10,594	)		309			(10,285	)
Current-period other comprehensive (loss)		1,238			(1,411	)		(173	)
Balance at September 30, 2023		(9,356	)		(1,102	)		(10,458	)
Current-period other comprehensive (loss)		1,516			(485	)		1,031
Balance at September 30, 2024	$	(7,840	)	$	(1,587	)	$	(9,427	)

Recent Accounting Pronouncements

Accounting Standards Adopted

Accounting Standards Not Yet Adopted

Intangible Assets (Tables)

12 Months Ended

Sep. 30, 2024

Finite-Lived Intangible Assets, Net [Abstract]

Schedule of Intangible Assets

Intangible assets consist of the following:


				September 30, 2024							September 30, 2023
(in thousands)	Useful Life (in years)	Weighted average useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer and supplier relationships	6 - 8		7	$	22,100	$	(8,805	)	$	13,295	$	17,000	$	(6,043	)	$	10,957
Technology	3 - 5		3		4,900		(4,839	)		61		4,900		(4,105	)		795
Trade names	3 - 7		5		2,200		(1,803	)		397		1,900		(1,381	)		519
Other intangibles	10		10		897		(738	)		159		875		(689	)		186
Total intangible assets, net				$	30,097	$	(16,185	)	$	13,912	$	24,675	$	(12,218	)	$	12,457

Schedule of Future Expected Amortization of Intangible Assets

Future expected amortization of intangible assets at September 30, 2024, is as follows:


Year Ending September 30,	Amortization
	(in thousands)
2025	$	2,965
2026		2,721
2027		2,638
2028		2,604
2029		2,601
Thereafter		383
Total	$	13,912

Sierra Acquisition - Narrative (Details) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2024	Sep. 30, 2024
Business Acquisition [Line Items]
Amortized, description		The supplier relationships and trade name will be amortized on a straight-line basis over a useful life of six and three years, respectively
Trade Name \| Maximum
Business Acquisition [Line Items]
Amortized useful life		7 years
Trade Name \| Minimum
Business Acquisition [Line Items]
Amortized useful life		3 years
Sierra Acquisition
Business Acquisition [Line Items]
Purchase consideration	$ 13.7
Intangible assets		$ 5.4
Sierra Acquisition \| Maximum
Business Acquisition [Line Items]
Amortized useful life	6 years
Sierra Acquisition \| Minimum
Business Acquisition [Line Items]
Amortized useful life	3 years
Sierra Acquisition \| Supplier Relationships
Business Acquisition [Line Items]
Intangible assets	$ 5.1
Sierra Acquisition \| Trade Name
Business Acquisition [Line Items]
Intangible assets	0.3
Sierra Acquisition \| Goodwill
Business Acquisition [Line Items]
Intangible assets	$ 7.9

Equity Transactions (Tables)

12 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Summary of share-based compensation expense

The table below presents the components of share-based compensation expense (in thousands):


	Year Ended September 30,
	2024		2023			2022
Equity-classified awards:
Stock options	$	2,329	$	2,002		$	2,673
RSUs & RSAs		8,758		6,233			5,912
Total Equity-classified award		11,087		8,235			8,585
Liability-classified awards:
SARs		—		(44	)		(104	)
Total stock compensation expense:	$	11,087	$	8,191		$	8,481

The table below presents the components of share-based compensation expense by line item within our Consolidated Statements of Operations (in thousands):


	Year Ended September 30,
	2024		2023		2022
Stock Compensation Expense by Line Item
Technology and operations	$	1,698	$	1,226	$	1,307
Sales and marketing		2,989		2,363		2,148
General and administrative		6,400		4,602		5,026
Total stock compensation expense:	$	11,087	$	8,191	$	8,481

Summary of stock option activity

The table below presents stock option activity (aggregate intrinsic value in thousands):


	Stock Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding as of September 30, 2023		2,629,197		$	11.41		5.12	$	18,549
Granted		251,910		$	18.00			$	—
Exercised		(554,191	)	$	8.42			$	6,608
Forfeited		(40,508	)	$	20.32			$	20
Expired		(97,990	)	$	22.85			$	—
Outstanding as of September 30, 2024		2,188,418		$	12.25		5.22	$	23,269
Vested and expected to vest as of September 30, 2024		2,169,945		$	12.23		5.19	$	23,111
Exercisable as of September 30, 2024		1,440,543		$	9.56		3.98	$	19,133

Summary of fair value assumptions, stock options

The range of assumptions used to determine the fair value of stock options using the Black-Scholes option-pricing model during the years ended September 30, 2024, 2023, and 2022 were as follows:


	Year Ended September 30,
	2024		2023		2022
Dividend yield		—		—		—
Expected volatility	59.1% - 60.8%		56.9% - 62.2%		57.0% - 62.2%
Risk-free interest rate	3.8% - 3.9%		3.4% - 3.9%		1.1% - 3.5%
Expected term	4.5- 5 years		4.5- 7.6 years		4.5- 7.4 years

Summary of RSU and RSA Activity

The table below presents RSU & RSA activity (aggregate fair value in thousands):


	RSU & RSA			Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Term (years)		Aggregate Fair Value
Outstanding as of September 30, 2023		1,557,341		$	17.65	2.56		$	27,440
Granted		676,356		$	19.17			$	12,969
Vested		(344,309	)	$	15.94			$	6,094
Forfeited		(113,761	)	$	7.25			$	1,977
Outstanding as of September 30, 2024		1,775,627		$	18.38		2.24	$	40,484
Expected to vest as of September 30, 2024		1,775,627		$	18.38		2.24	$	40,484

Summary of fair value assumptions

The fair value of stock options, RSUs and SARs containing market conditions is estimated using Monte Carlo simulations. The range of assumptions used to determine the fair value of these awards during the years ended September 30, 2024, 2023, and 2022 were as follows:


	Year Ended September 30,
	2024		2023		2022
Dividend yield		—		—		—


Expected volatility	—	—	57.2% - 62.9%
Risk-free interest rate	—	—	1.1% - 1.5%
Expected holding period (% of remaining term)	—	—	29.4% - 100.0%

Equity Transactions - Restricted Stock Units and Restricted Stock Awards (Details) - RSUs & RSAs - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
RSU & RSA
Outstanding as of beginning of period (in shares)	1,557,341
Granted (in shares)	676,356
Vested (in shares)	(344,309)
Forfeited (in shares)	(113,761)
Outstanding as of end of period (in shares)	1,775,627	1,557,341
Expected to vest as of end of period (in shares)	1,775,627
Weighted- Average Grant Date Fair Value
Outstanding as of beginning of period (in dollars per share)	$ 17.65
Granted (in dollars per share)	19.17
Vested (in dollars per share)	15.94
Forfeited (in dollars per share)	7.25
Outstanding as of end of period (in dollars per share)	18.38	$ 17.65
Expected to vest as of end of period (in dollars per share)	$ 18.38
Additional Disclosures
Outstanding, weighted-average remaining contractual term	2 years 2 months 26 days	2 years 6 months 21 days
Expected to vest as of end of period, weighted-average remaining contractual term	2 years 2 months 26 days
Aggregate Fair Value
Outstanding as of beginning of period, aggregate fair value	$ 27,440
Granted, aggregate fair value	12,969
Vested, aggregate fair value	6,094
Forfeited, aggregate fair value	1,977
Outstanding as of end of period, aggregate fair value	40,484	$ 27,440
Expected to vest as of end of period, aggregate fair value	$ 40,484

Bid4Assets Acquisition - Intangible Assets Acquired (Details) - Bid4Assets $ in Thousands	Nov. 01, 2021 USD ($)
Business Acquisition [Line Items]
Fair Value	$ 16,500
Contract intangibles
Business Acquisition [Line Items]
Useful Life (in years)	8 years
Fair Value	$ 13,900
Developed software
Business Acquisition [Line Items]
Useful Life (in years)	3 years
Fair Value	$ 2,200
Trade name
Business Acquisition [Line Items]
Useful Life (in years)	3 years
Fair Value	$ 400

Organization

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

1. Organization

Liquidity Services, Inc. (Liquidity Services, the Company) is a leading global commerce company providing trusted online marketplace platforms that power the circular economy. We create a better future for organizations, individuals, and the planet by using technology to capture and unleash the intrinsic value of surplus. We connect millions of buyers and thousands of sellers through our leading e-commerce auction marketplaces, search engines, asset management software, and related services. Our comprehensive solutions enable the transparent, efficient, sustainable recovery of value from excess items owned by business and government sellers.

Our business delivers value to shareholders by unleashing the intrinsic value of surplus through our online marketplace platforms. These platforms ignite and enable a self-reinforcing cycle of value creation where buyers and sellers attract one another in greater numbers. The result of this cycle is a continuous flow of goods that becomes increasingly valuable as more participants join the platforms, thereby creating positive network effects that benefit sellers, buyers, and shareholders.

Liquidity Services was incorporated in Delaware in November 1999 as Liquidation.com, Inc. and commenced operations in early 2000.

On January 1, 2024, the Company acquired Sierra Auction Management, Inc. (Sierra), an Arizona corporation based in Phoenix, AZ. Sierra is a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. See Note 4 – Sierra Acquisition for more information regarding this transaction.

On November 1, 2021, our GovDeals segment acquired Bid4Assets, Inc. (Bid4Assets), a Maryland corporation based in Silver Spring, MD. Bid4Assets is a leading online marketplace focused on conducting foreclosed real estate auctions. See Note 3 - Bid4Assets Acquisition for more information regarding this transaction.

Reportable Segments

The Company has four operating and reportable segments under which we conduct business: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. Further information and operating results of our reportable segments can be found in Note 17 - Segment Information.

•

GovDeals. The GovDeals reportable segment provides solutions that enable government entities including city, county, state and federal agencies located in the United States and Canada and related commercial businesses to sell surplus property and real estate assets through our GovDeals, Bid4Assets and Sierra marketplaces; see Note 3 - Bid4Assets Acquisition and Note 4 - Sierra Acquisition, respectively.

•

RSCG. The RSCG reportable segment consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. RSCG also offers a suite of services that includes returns management, asset recovery, and e-commerce solutions. This segment uses multiple selling channels across our network of marketplaces and others to optimize the best combination of velocity, volume, and value. This segment primarily conducts its business-to-business sales on its Liquidation.com marketplace and through Direct Sales, and direct-to-consumer sales on its AllSurplus Deals and Secondipity marketplaces and other third-party sales channels.

•

CAG. The CAG reportable segment enables commercial businesses to sell surplus assets on our AllSurplus marketplace. The core verticals in which CAG operates include industrial manufacturing, oil and gas, heavy equipment, biopharma, and electronics. CAG also offers a suite of services that includes surplus management, asset valuation, asset sales and marketing. CAG benefits from a global base of buyers and sellers enabling the sale and redeployment of assets wherever they’re most likely to generate the best value and highest use across the world. This segment primarily uses the AllSurplus and GovDeals marketplaces.

•

Machinio. The Machinio reportable segment operates a global search engine platform for listing equipment for sale in the construction, machine tool, processing, transportation, printing, agriculture, and laboratory/medical sectors. Machinio also offers the Machinio System service that provides equipment sellers with a suite of software tools that includes website hosting, email marketing, and inventory management, to support and enable equipment sellers’ online business.

The Company's operations are subject to certain risks and uncertainties, many of which are associated with technology-oriented companies, including, but not limited to, the Company's dependence on use of the Internet; the effect of general business and economic trends including inflationary pressures and impacts from interest rate changes; armed conflicts around the world; the Company's susceptibility to rapid technological change; actual and potential competition by entities with greater financial and other resources; and the potential for the commercial sellers from which the Company derives a significant portion of its inventory to change the way they conduct their disposition of surplus assets or to otherwise terminate or not renew their contracts with the Company.

Equity Transactions

12 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Equity Transactions

13. Equity Transactions

Stock Compensation Incentive Plans

The Company has several incentive plans under which stock options, restricted stock units (RSUs), restricted stock awards (RSAs), and cash-settled stock appreciation rights (SARs) have been issued, including the Third Amended and Restated 2006 Omnibus Long-Term Incentive Plan (as amended, the LTIP) and a plan and private placement issuances related to the Company’s acquisition of Machinio and Bid4Assets. During the year ended September 30, 2024, the Company's shareholders approved an amendment to the LTIP to increase the number of shares of common stock from 20,300,000 to 22,800,000, reserved for future issuance of awards under the LTIP. Vesting of RSUs and grants of RSAs count as 1.5x shares against the plan reserves. As of September 30, 2024, 2,410,227 shares of common stock remained available for use.

Stock Compensation Expense

The table below presents the components of share-based compensation expense (in thousands):


	Year Ended September 30,
	2024		2023			2022
Equity-classified awards:
Stock options	$	2,329	$	2,002		$	2,673
RSUs & RSAs		8,758		6,233			5,912
Total Equity-classified award		11,087		8,235			8,585
Liability-classified awards:
SARs		—		(44	)		(104	)
Total stock compensation expense:	$	11,087	$	8,191		$	8,481

The Company had no liabilities for liability-classified stock compensation awards as of September 30, 2024 and 2023, respectively.

The table below presents the components of share-based compensation expense by line item within our Consolidated Statements of Operations (in thousands):


	Year Ended September 30,
	2024		2023		2022
Stock Compensation Expense by Line Item
Technology and operations	$	1,698	$	1,226	$	1,307
Sales and marketing		2,989		2,363		2,148
General and administrative		6,400		4,602		5,026
Total stock compensation expense:	$	11,087	$	8,191	$	8,481

Share-Based Award Activity

Stock Options

The table below presents stock option activity (aggregate intrinsic value in thousands):


	Stock Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding as of September 30, 2023		2,629,197		$	11.41		5.12	$	18,549
Granted		251,910		$	18.00			$	—
Exercised		(554,191	)	$	8.42			$	6,608
Forfeited		(40,508	)	$	20.32			$	20
Expired		(97,990	)	$	22.85			$	—
Outstanding as of September 30, 2024		2,188,418		$	12.25		5.22	$	23,269
Vested and expected to vest as of September 30, 2024		2,169,945		$	12.23		5.19	$	23,111
Exercisable as of September 30, 2024		1,440,543		$	9.56		3.98	$	19,133

Of the 747,875 stock options not yet exercisable as of September 30, 2024, 312,961 can become exercisable by satisfying service conditions only, and 434,914 can become exercisable by satisfying service and performance or market conditions.

Stock options containing only service conditions generally vest over periods of one to four years and expire five to ten years from the date of grant. Stock compensation cost is expensed ratably over the entire service period. As of September 30, 2024, there was $2.2 million of unrecognized compensation cost related to stock options containing only service conditions, which is expected to be recognized over a weighted-average period of 2.2 years.

The range of assumptions used to determine the fair value of stock options using the Black-Scholes option-pricing model during the years ended September 30, 2024, 2023, and 2022 were as follows:


	Year Ended September 30,
	2024		2023		2022
Dividend yield		—		—		—
Expected volatility	59.1% - 60.8%		56.9% - 62.2%		57.0% - 62.2%
Risk-free interest rate	3.8% - 3.9%		3.4% - 3.9%		1.1% - 3.5%
Expected term	4.5- 5 years		4.5- 7.6 years		4.5- 7.4 years

The weighted-average grant date fair value of options granted during the year-ended September 30, 2024, 2023, and 2022 was $8.96, $7.49, and $10.70, respectively. The total intrinsic value of options exercised during 2024, 2023, and 2022 was $6.6 million, $3.0 million, and $3.8 million, respectively. Stock options containing performance conditions are discussed separately in the section below.

RSUs & RSAs

The table below presents RSU & RSA activity (aggregate fair value in thousands):


	RSU & RSA			Weighted- Average Grant Date Fair Value		Weighted- Average Remaining Contractual Term (years)		Aggregate Fair Value
Outstanding as of September 30, 2023		1,557,341		$	17.65	2.56		$	27,440
Granted		676,356		$	19.17			$	12,969
Vested		(344,309	)	$	15.94			$	6,094
Forfeited		(113,761	)	$	7.25			$	1,977
Outstanding as of September 30, 2024		1,775,627		$	18.38		2.24	$	40,484
Expected to vest as of September 30, 2024		1,775,627		$	18.38		2.24	$	40,484

Of the outstanding RSUs & RSAs as of September 30, 2024, 876,442 can vest by satisfying service conditions only, and 899,185 can vest by satisfying service and performance or market conditions.

RSUs containing only service conditions vest ratably each year over periods of one to four years. Stock compensation cost is expensed ratably over the entire service period. As of September 30, 2024, there was $11.3 million of unrecognized compensation cost related to RSUs containing only service conditions, which is expected to be recognized over a weighted-average period of 2.4 years. RSUs and RSAs containing performance conditions and market conditions are discussed separately in the section below.

SARs

The Company made cash payments of $0 million, $0.2 million and $0.2 million to settle SARs exercised during the years ended September 30, 2024, 2023, and 2022, respectively. As of September 30, 2024, there were no SARs outstanding. No new SARs were awarded during the year ended September 30, 2024.

Stock Awards Containing Performance and Market Conditions

Stock awards containing performance conditions vest upon the achievement of specified financial targets of the Company or its business units. Vesting is generally measured on the first day of each fiscal quarter over the four-year terms of the awards, starting with the first fiscal quarter after the first anniversary of the grant date, based upon the trailing twelve months performance of the Company or its business units. When it is probable that the performance targets will be achieved, stock compensation expense is recognized ratably over the derived service period. If the Company determines that achievement of the performance targets is no longer probable, the Company no longer records expense and reverses all previously recognized expense. As of September 30, 2024, there was $2.9 million of unrecognized compensation costs related to stock options and RSUs & RSAs, containing performance conditions that are considered probable of being met, which is expected to be recognized over a weighted-average period of approximately 1 year.

Stock awards containing market conditions vest upon the achievement of specified increases in the Company’s share price. Vesting is measured the first day of each fiscal quarter over the four-year terms of the award, starting with the first fiscal quarter after the first anniversary of the grant date, based upon the trailing 20-days average of the Company’s share price. Stock compensation cost is expensed on a straight-line basis over the derived service period for each stock price target within the award. The Company accelerates expense when a stock price target is achieved prior to the derived service period. For equity-classified awards, the Company does not reverse expense recognized if the stock price target(s) are not ultimately achieved, but expense is reversed when such situations occur for liability classified awards. As of September 30, 2024, there was $0.5 million of unrecognized compensation costs related to stock options and RSUs containing market conditions, which is expected to be recognized over a weighted-average period of 1 year.


	Year Ended September 30,
	2024		2023		2022
Dividend yield		—		—		—


Expected volatility	—	—	57.2% - 62.9%
Risk-free interest rate	—	—	1.1% - 1.5%
Expected holding period (% of remaining term)	—	—	29.4% - 100.0%

There were no awards containing market conditions for which to determine their fair value during the year ended September 30, 2024.

Share Repurchase Program

From time to time, we may be authorized to repurchase issued and outstanding shares of our common stock under a share repurchase program approved by our Board of Directors. Share repurchases may be made through open market purchases, privately negotiated transactions, or otherwise, at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements and other market conditions. The repurchase program may be discontinued or suspended at any time and will be funded using our available cash.

On December 6, 2021, and May 13, 2022, the Company's Board of Directors authorized new stock repurchase plans of up to $20 million and $12 million, respectively. The Company repurchased 1,567,277 shares for $25.4 million during the year ended September 30, 2022. As of September 30, 2022, the Company had $6.6 million of remaining share repurchase authorization through June 30, 2024.

On December 6, 2022, March 13, 2023, and September 8, 2023, the Company's Board of Directors authorized new stock repurchase plans of up to $8.4 million, $8.0 million and $15.2 million, respectively. The Company repurchased 1,607,141 shares for $21.2 million during the year ended September 30, 2023. As of September 30, 2023, the Company had $17.0 million of remaining share repurchase authorization through December 31, 2025.

The Company repurchased 564,887 shares for $9.4 million during the year ended September 30, 2024. As of September 30, 2024, the Company had $7.6 million of remaining authorization to repurchase shares through December 31, 2025.

On December 9, 2024, the Company's Board of Directors authorized the repurchase of up to an additional $10.0 million of the Company's outstanding shares of common stock through December 31, 2026.

Other Share Repurchases

Separate from the share repurchase program, our stock incentive plans allow for participants to exercise stock options by surrendering shares of common stock equivalent in value to the exercise price due.

During the years ended September 30, 2024, 2023, and 2022, participants surrendered 17,564, 12,705 and 23,839 shares of common stock in the exercise of stock options, respectively. Any shares surrendered to the Company in this manner are not available for future grant.

Fair Value Measurement - Narrative (Details)		3 Months Ended	12 Months Ended
Fair Value Measurement - Narrative (Details)	Nov. 01, 2021 USD ($)	Mar. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) Rate	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Fair value measurement
Money market funds, at carrying value				$ 67,200,000	$ 51,400,000
Guaranteed investment certificates				2,300,000	7,900,000
Measurement Input, Discount Rate
Fair value measurement
Contingent consideration, measurement input \| Rate			0.13
Measurement Input, Expense Range \| Minimum
Fair value measurement
Contingent consideration, measurement input \| Rate			0.20
Measurement Input, Expense Range \| Maximum
Fair value measurement
Contingent consideration, measurement input \| Rate			0.55
Recurring basis \| Level 3
Fair value measurement
Earn-out from business acquisition	$ 28,000,000		$ 26,900,000
Measurement period adjustment			1,100,000
Payment of achieved earn-out threshold		$ (3,500,000)	(3,500,000)
Fair value of the earn-out liability			24,500,000
Nonrecurring
Fair value measurement
Fair value, asset (liability)			$ 0	$ 0	$ 0

Defined Benefit Pension Plan - Fair Value Estimates (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Defined benefit pension plan
Fair values	$ 18,382	$ 16,332	$ 16,554
Total
Defined benefit pension plan
Fair values	18,382	16,331
Level 1
Defined benefit pension plan
Fair values	122	61
Level 2
Defined benefit pension plan
Fair values	18,260	16,270
Level 3
Defined benefit pension plan
Fair values	0	0
Government bonds \| Total
Defined benefit pension plan
Fair values	10,977
Government bonds \| Level 1
Defined benefit pension plan
Fair values	0
Government bonds \| Level 2
Defined benefit pension plan
Fair values	10,977
Government bonds \| Level 3
Defined benefit pension plan
Fair values	0
Equity securities \| Total
Defined benefit pension plan
Fair values		9,757
Equity securities \| Level 1
Defined benefit pension plan
Fair values		0
Equity securities \| Level 2
Defined benefit pension plan
Fair values		9,757
Equity securities \| Level 3
Defined benefit pension plan
Fair values		0
Corporate bonds \| Total
Defined benefit pension plan
Fair values	5,453	4,860
Corporate bonds \| Level 1
Defined benefit pension plan
Fair values	0	0
Corporate bonds \| Level 2
Defined benefit pension plan
Fair values	5,453	4,860
Corporate bonds \| Level 3
Defined benefit pension plan
Fair values	0	0
Diversified fund \| Total
Defined benefit pension plan
Fair values	1,830	1,653
Diversified fund \| Level 1
Defined benefit pension plan
Fair values	0	0
Diversified fund \| Level 2
Defined benefit pension plan
Fair values	1,830	1,653
Diversified fund \| Level 3
Defined benefit pension plan
Fair values	0	0
Cash \| Total
Defined benefit pension plan
Fair values	122	61
Cash \| Level 1
Defined benefit pension plan
Fair values	122	61
Cash \| Level 2
Defined benefit pension plan
Fair values	0	0
Cash \| Level 3
Defined benefit pension plan
Fair values	$ 0	$ 0

Summary of Significant Accounting Policies - Stock-Based Compensation (Details)	12 Months Ended
	Sep. 30, 2024
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shares and options vesting period	1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Shares and options vesting period	4 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
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+ Details

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts (in dollars)	$ 1,680	$ 1,424
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	36,707,840	36,142,346
Common stock, shares outstanding (in shares)	36,707,840	36,142,346
Treasury stock, common (in shares)	6,015,496	5,433,045

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 19,991	$ 20,978	$ 40,324

- Definition

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

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+ Details

Cover Page - USD ($) $ in Millions	12 Months Ended
Cover Page - USD ($) $ in Millions	Sep. 30, 2024	Dec. 09, 2024	Mar. 31, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Current Fiscal Year End Date	--09-30
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-51813
Entity Registrant Name	LIQUIDITY SERVICES, INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-2209244
Entity Address, Address Line One	6931 Arlington Road
Entity Address, Address Line Two	Suite 460
Entity Address, City or Town	Bethesda
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20814
City Area Code	202
Local Phone Number	467-6868
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	LQDT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 417.8
Entity Common Stock, Shares Outstanding		30,741,216
Documents Incorporated by Reference	Portions of the registrant's Proxy Statement relating to its 2025 Annual Meeting of Stockholders, to be filed subsequently, are incorporated by reference into Part III (Items 10, 11, 12, 13 and 14) of this Form 10-K.
Entity Central Index Key	0001235468
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY

Income Taxes - Deferred Tax Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Deferred tax assets:
Net operating losses—Foreign	$ 17,605	$ 16,403
Net operating losses—U.S.	5,974	14,581
Accrued vacation and bonus	862	831
Inventory capitalization	543	486
Inventory reserves	1	243
Allowance for doubtful accounts	422	363
Stock compensation expense	4,354	3,288
Operating lease liabilities	3,488	3,552
Other	488	386
Total deferred tax assets before valuation allowance	33,737	40,133
Less: valuation allowance	(17,193)	(16,029)
Net deferred tax assets	16,544	24,104
Deferred tax liabilities:
Amortization of intangibles	1,835	2,666
Amortization of goodwill	8,203	7,964
Depreciation	1,050	1,004
Capitalized costs	141	1,440
Operating/right of use assets	2,933	3,365
Pension liability	654	615
Total deferred tax liabilities	14,816	17,054
Net deferred taxes	$ 1,728	$ 7,050

Leases

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Leases

7. Leases

The Company has operating leases for its corporate offices, warehouses, vehicles and equipment.

The operating leases have remaining terms of up to 4.7 years. Some of the leases have options to extend or terminate the leases. The exercise of such options is generally at the Company’s discretion. The lease agreements do not contain any significant residual value guarantees or restrictive covenants. The Company also subleases excess corporate office space. The Company's finance leases and related balances are not significant.

The components of lease expense are:


	September 30,
	2024			2023
Finance lease – lease asset amortization	$	70		$	78
Finance lease – interest on lease liabilities		11			11
Operating lease cost		5,457			5,328
Short-term lease cost		318			413
Variable lease cost (1)		1,458			1,300
Sublease income		(19	)		(88	)
Total net lease cost	$	7,295		$	7,042

(1) Variable lease costs primarily relate to the Company's election to combine non-lease components such as common area maintenance, insurance and taxes related to its real estate leases. To a lesser extent, the Company's equipment leases have variable costs associated with usage and subsequent changes to costs based upon an index.

Maturities of lease liabilities are:


	September 30, 2024
	Operating Leases			Finance Leases
2025	$	5,877		$	86
2026		4,204			83
2027		2,404			30
2028		2,050			7
2029		1,196			—
Thereafter		—			—
Total lease payments (1)		15,731			206
Less: imputed interest (2)	$	(1,481	)	$	(14	)
Total lease liabilities	$	14,250		$	192

(1) The weighted average remaining lease term is 3.3 years for operating leases and 2.4 years for finance leases as of September 30, 2024, and 2.8 years for operating leases and 2.9 years for finance leases as of September 30, 2023.

(2) The weighted average discount rate is 6.1% for operating leases and 5.6% for finance leases as of September 30, 2024, and 6.2% for operating leases and 5.6% for finance leases as of September 30, 2023.

Supplemental disclosures of cash flow information related to leases are:


	Years Ended September 30,
	2024		2023
Cash paid for amounts included in operating lease liabilities	$	4,667	$	4,754
Cash paid for amounts included in finance lease liabilities	$	100	$	101
Non-cash: lease liabilities arising from new operating lease assets obtained	$	5,695	$	725
Non-cash: lease liabilities arising from new finance lease assets obtained	$	57	$	—
Non-cash: adjustments to lease assets and liabilities(1)	$	395	$	418

(1) These include adjustments due to lease modifications, renewals, and other related adjustments.

Lease liabilities increased during the year ended September 30, 2024, due to the commencement of a lease for new warehouse space in Brownsburg, Indiana during the period, as well as new leases relating to the Sierra acquisitions; see Note 3 - Sierra Acquisition for further information.

Income Taxes - Provision (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Provision (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Current tax provision (benefit):
U.S. Federal	$ 710	$ 0	$ 0
State	1,105	1,179	487
Foreign	131	282	555
Current income tax expense	1,946	1,461	1,042
Deferred tax provision (benefit):
U.S. Federal	3,811	5,251	4,962
State	1,468	1,280	1,275
Foreign	44	47	50
Total deferred tax (benefit) expense	5,323	6,578	6,287
Total provision (benefit)	$ 7,269	$ 8,039	$ 7,329

Segment Information - Schedule of Total Segment Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Assets	$ 346,888	$ 288,970
Operating Segments \| GovDeals
Segment Reporting Information [Line Items]
Assets	324,145	256,215
Operating Segments \| RSCG
Segment Reporting Information [Line Items]
Assets	138,082	110,592
Operating Segments \| CAG
Segment Reporting Information [Line Items]
Assets	98,716	96,828
Operating Segments \| Machinio
Segment Reporting Information [Line Items]
Assets	41,871	36,362
Corporate & Other
Segment Reporting Information [Line Items]
Assets	$ (255,926)	$ (211,026)

- Definition

Amount of asset recognized for present right to economic benefit.

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+ Details

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 19,991	$ 20,978	$ 40,324
Other comprehensive income (loss):
Defined benefit pension plan—unrecognized amounts	(485)	(1,411)	1,836
Foreign currency translation	1,516	1,238	(3,110)
Other comprehensive income (loss)	1,031	(173)	(1,274)
Comprehensive income	$ 21,022	$ 20,805	$ 39,050

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

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

+ References

+ Details

Income Taxes - Narrative (Details) - USD ($) $ in Thousands			12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2024	Nov. 01, 2021	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Net operating loss (NOL) carryforwards
Deferred tax assets related to available federal and state NOL carryforwards			$ 1,400	$ 6,600
Net operating losses—Foreign			17,605	16,403
NOL's subject to expiration			500
Valuation allowance			17,193	16,029
Deferred tax assets, amount expected to be realized			$ 200
Excise tax on share repurchases			1.00%
Corporate alternative minimum tax rate			15.00%
Undistributed foreign earnings			$ 9,800
Cash and cash equivalents held overseas on which taxes would be incurred upon repatriation			25,700	19,100
Additions for tax positions of prior years			$ 0	0	$ 0
Bid4Assets
Net operating loss (NOL) carryforwards
Percentage acquired		100.00%
Consideration paid		$ 42,739
Deferred tax liabilities		$ 3,847
Acquisition, net operating loss				$ 1,200
Sierra Acquisition
Net operating loss (NOL) carryforwards
Consideration paid	$ 13,700

Intangible Assets - Narrative (Details) - USD ($)	12 Months Ended
Intangible Assets - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 4,000,000	$ 3,800,000	$ 3,700,000
Impairment of long-lived assets	0	$ 0	$ 0
Sierra Acquisition
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 5,400,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Debt

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt

12. Debt

On February 10, 2022, the Company entered into a Credit Agreement with Wells Fargo Bank, National Association (the Credit Agreement). Terms of the Credit Agreement provide for revolving loans (the Line of Credit) up to a maximum aggregate principal amount of $25.0 million with a $10.0 million sublimit for standby letters of credit.

During the year ended September 30, 2023, the Credit Agreement was amended to extend the maturity date by 12 months to March 31, 2025 (the First Amendment).

During the year ended September 30, 2024, the Credit Agreement was amended to extend the maturity date by an additional 12 months to March 31, 2026 (the Second Amendment). No other changes, including regarding the borrowing terms or capacities, were made to the Credit Agreement as a result of the First Amendment or the Second Amendment.

The applicable interest rate on any draws under the Line of Credit is a variable rate per annum equal to the Daily Simple Secured Overnight Financing Rate (SOFR) in effect plus a margin ranging from 1.25% to 1.75%. Interest is payable monthly. The Company pays an Unused Commitment Fee (as defined in the Credit Agreement), on a quarterly basis, equal to 0.05% per annum on the daily amount of the available, but unused, balance on the Line of Credit. The Company also pays a Line of Credit Fee (as defined in the Credit Agreement), on a quarterly basis, equal to 1.25% on the daily amount available to be drawn for standby letters of credit. Interest incurred on any draws under the Line of Credit, as well as the Unused Commitment Fee and Line of Credit Fee, are included within Interest and other income, net in the Condensed Consolidated Statements of Operations.

The Company may draw upon the Line of Credit for general corporate purposes. Repayments of any borrowings under the Line of Credit shall become available for redraw at any time by the Company.

The Credit Agreement contains certain financial and non-financial restrictive covenants including, among others, the requirement to maintain a minimum level of earnings before interest, income taxes, depreciation and amortization (EBITDA). The Credit Agreement contains affirmative and restrictive covenants including covenants placing limitations on mergers, consolidations and dissolutions, investments and acquisitions, indebtedness and liens, and dividends and other restricted payments. As of September 30, 2024, the Company was in full compliance with the terms and conditions of the Credit Agreement.

During the year ended September 30, 2024, the Company did not make any draws under the Line of Credit and issued $7.5 million of standby letters of credit.

As of September 30, 2024, the Company had no outstanding borrowings under the Line of Credit and had $7.5 million of standby letters of credit outstanding. The amount of standby letters of credit are reserved against the Line of Credit and are not available for borrowing, resulting in $17.5 million of remaining borrowing capacity under the Line of Credit as of September 30, 2024.

During the year ended September 30, 2024, interest expense incurred by the Company under the Credit Agreement was immaterial to the consolidated financial statements.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of property and equipment useful lives

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


Computers and purchased software		One to five years
Equipment		Two to five years
Furniture and fixtures		Five to seven years
Internally developed software for internal-use		Two to five years
Leasehold improvements		Shorter of lease term or useful life
Buildings		Thirty-nine years
Vehicles		Five years
Land		Not depreciated

Schedule of changes in accumulated other comprehensive loss, net of taxes

The following table shows the changes in accumulated other comprehensive loss, net of taxes (in thousands):


	Foreign Currency Translation Adjustments			Net Change Pension and Other Postretirement Benefit Plans			Accumulated Other Comprehensive (Loss) Income
Balance at September 30, 2021	$	(7,484	)	$	(1,527	)	$	(9,011	)
Current-period other comprehensive income (loss)		(3,110	)		1,836			(1,274	)
Balance at September 30, 2022		(10,594	)		309			(10,285	)
Current-period other comprehensive (loss)		1,238			(1,411	)		(173	)
Balance at September 30, 2023		(9,356	)		(1,102	)		(10,458	)
Current-period other comprehensive (loss)		1,516			(485	)		1,031
Balance at September 30, 2024	$	(7,840	)	$	(1,587	)	$	(9,427	)

Segment Information - Narrative (Details)	12 Months Ended
Segment Information - Narrative (Details)	Sep. 30, 2024 Segment
Segment Reporting [Abstract]
Reportable segments	4

Segment Information - Schedule of Revenues by Country (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 363,318	$ 314,462	$ 280,050
United States
Segment Reporting Information [Line Items]
Total revenue	323,303	278,734	237,720
Rest of the world
Segment Reporting Information [Line Items]
Total revenue	$ 40,015	$ 35,729	$ 42,330

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Defined Benefit Pension Plan - Qualified Defined Benefit Pension Plan, Net of Taxes, and the Related Foreign Currency Translation Adjustments (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accumulated OCI
Accumulated other comprehensive (loss) income at beginning of year	$ (1,094)	$ 278
Net actuarial loss	(339)	(334)
Foreign currency translation adjustments	(230)	(1,038)
Accumulated other comprehensive (loss) at end of year	$ (1,662)	$ (1,094)

Defined Benefit Pension Plan - Additional Information (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2024 GBP (£)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Defined benefit pension plan
Defined benefit plan, funded status of plan		$ 2,355	$ 2,485
Benefit obligation		$ 16,027	$ 13,847	$ 13,329
Defined benefit plan long term rate of improvement (as a percentage)	1.30%
Maximum
Defined benefit pension plan
Expected contributions \| £	£ 10,000,000
Males
Defined benefit pension plan
Defined benefit plan mortality rate (as a percentage)	98.00%
Females
Defined benefit pension plan
Defined benefit plan mortality rate (as a percentage)	96.00%

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock, Common	Accumulated Other Comprehensive Income (Loss)	Retained Earnings (Accumulated Loss)
Balance beginning (in shares) at Sep. 30, 2021		35,457,095
Balance beginning treasury stock (in shares) at Sep. 30, 2021				(2,222,083)
Balance at Sep. 30, 2021	$ 135,015	$ 35	$ 252,017	$ (36,628)	$ (9,011)	$ (71,398)
Increase (Decrease) in Stockholders' Equity
Net income	40,324					40,324
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units (in shares)		664,921
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units		$ 1	(1)
Taxes paid associated with net settlement of stock compensation awards (in shares)		(140,202)
Taxes paid associated with net settlement of stock compensation awards	(2,805)		(2,805)
Common stock repurchases (in shares)				(1,567,277)
Common stock repurchases	$ (25,447)			$ (25,447)
Common stock surrendered in the exercise of stock options (in shares)	(23,839)			(23,839)
Common stock surrendered in the exercise of stock options				$ (479)
Common stock surrendered in the exercise of stock options	$ (1)		478
Forfeiture of restricted stock awards (in shares)		(257,757)
Stock compensation expense	8,586		8,586
Stock compensation expense (in shares)		0
Defined benefit pension plan—unrecognized amounts, net of taxes	1,836				1,836
Foreign currency translation and other	(2,972)				(3,110)	138
Balance at Sep. 30, 2022	154,536	$ 36	258,275		(10,285)	(30,936)
Balance treasury stock at Sep. 30, 2022				$ (62,554)
Balance beginning treasury stock (in shares) at Sep. 30, 2022				(3,813,199)
Balance ending (in shares) at Sep. 30, 2022		35,724,057
Increase (Decrease) in Stockholders' Equity
Net income	20,978					20,978
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units (in shares)		500,540
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units	495		495
Taxes paid associated with net settlement of stock compensation awards (in shares)		(82,252)
Taxes paid associated with net settlement of stock compensation awards	(1,261)		(1,261)
Common stock repurchases (in shares)				(1,607,141)
Common stock repurchases	$ (21,277)			$ (21,277)
Common stock surrendered in the exercise of stock options (in shares)	(12,705)			(12,705)
Common stock surrendered in the exercise of stock options				$ (200)
Common stock surrendered in the exercise of stock options			200
Stock compensation expense	$ 8,235		8,235
Defined benefit pension plan—unrecognized amounts, net of taxes	(1,411)				(1,411)
Foreign currency translation and other	1,239				1,238	1
Balance at Sep. 30, 2023	$ 161,533	$ 36	265,945		(10,458)	(9,958)
Balance treasury stock at Sep. 30, 2023				$ (84,031)
Balance beginning treasury stock (in shares) at Sep. 30, 2023	(5,433,045)			(5,433,045)
Balance ending (in shares) at Sep. 30, 2023	36,142,346	36,142,345
Increase (Decrease) in Stockholders' Equity
Net income	$ 19,991					19,991
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units (in shares)		684,745
Exercise of common stock options, grants of restricted stock awards, and vesting of restricted stock units	598	$ 1	597
Taxes paid associated with net settlement of stock compensation awards (in shares)		(119,250)
Taxes paid associated with net settlement of stock compensation awards	$ (2,254)		(2,254)
Common stock repurchases (in shares)	(564,887)			(564,887)
Common stock repurchases	$ (9,426)			$ (9,426)
Common stock surrendered in the exercise of stock options (in shares)	(17,564)			(17,564)
Common stock surrendered in the exercise of stock options				$ (397)
Common stock surrendered in the exercise of stock options			397
Stock compensation expense	$ 11,087		11,087
Defined benefit pension plan—unrecognized amounts, net of taxes	(485)				(485)
Foreign currency translation and other	1,516				1,516
Balance at Sep. 30, 2024	$ 182,560	$ 37	$ 275,771		$ (9,427)	$ 10,033
Balance treasury stock at Sep. 30, 2024				$ (93,854)
Balance beginning treasury stock (in shares) at Sep. 30, 2024	(6,015,496)			(6,015,496)
Balance ending (in shares) at Sep. 30, 2024	36,707,840	36,707,840

Equity Transactions - Summary of fair value assumptions (Details) - Stock options, RSUs and SARs, market based	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	0.00%	0.00%
Expected volatility, minimum			57.20%
Expected volatility, maximum			62.90%
Risk-free interest rate	0.00%	0.00%
Risk free interest rate, minimum			1.10%
Risk free interest rate, maximum			1.50%
Expected holding period	0.00%	0.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected holding period			29.40%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected holding period			100.00%

Income Taxes

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

11. Income Taxes

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


	Year Ended September 30,
	2024		2023		2022
	(in thousands)
Current tax provision (benefit):
U.S. Federal	$	710	$	—	$	—
State		1,105		1,179		487
Foreign		131		282		555
		1,946		1,461		1,042
Deferred tax provision (benefit):
U.S. Federal		3,811		5,251		4,962
State		1,468		1,280		1,275
Foreign		44		47		50
		5,323		6,578		6,287
Total provision (benefit)	$	7,269	$	8,039	$	7,329

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


	September 30,
	2024			2023
	(in thousands)
Deferred tax assets:
Net operating losses—Foreign	$	17,605		$	16,403
Net operating losses—U.S.		5,974			14,581
Accrued vacation and bonus		862			831
Inventory capitalization		543			486
Inventory reserves		1			243
Allowance for doubtful accounts		422			363
Stock compensation expense		4,354			3,288
Operating lease liabilities		3,488			3,552
Other		488			386
Total deferred tax assets before valuation allowance		33,737			40,133
Less: valuation allowance		(17,193	)		(16,029	)
Net deferred tax assets		16,544			24,104
Deferred tax liabilities:
Amortization of intangibles		1,835			2,666
Amortization of goodwill		8,203			7,964
Depreciation		1,050			1,004
Capitalized costs		141			1,440
Operating/right of use assets		2,933			3,365
Pension liability		654			615
Total deferred tax liabilities	$	14,816		$	17,054
Net deferred taxes	$	1,728		$	7,050

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


	Year Ended September 30,
	2024			2023			2022
U.S. statutory rate		21.0	%		21.0	%		21.0	%
Stock-based stock compensation expense		(3.2	)%		(1.3	)%		(2.0	)%
Nondeductible compensation expense		1.2	%		0.5	%		2.0	%
Fair value adjustments of acquisition earn-outs		—	%		—	%		(10.8	)%
Other permanent items		0.4	%		0.1	%		(0.4	)%
State taxes		7.9	%		7.8	%		3.3	%
Net foreign rate differential		0.2	%		—	%		0.1	%
Unrecognized tax benefits		—	%		(0.5	)%		—	%
Change in valuation allowance		4.3	%		1.4	%		(3.3	)%
Write-down of deferred tax assets on share-based stock compensation		0.9	%		0.2	%		0.5	%
Write-down of deferred tax assets on net operating loss		(4.1	)%		(0.8	)%		4.2	%
Other		(1.9	)%		(0.7	)%		0.8	%
Effective rate		26.7	%		27.7	%		15.4	%

As of September 30, 2024 and 2023, the Company had federal and state deferred tax assets of $1.4 million and $6.6 million, respectively, related to available federal and state net operating loss (NOL) carryforwards, foreign tax credit carryforwards, and other U.S. deductible temporary differences. The federal NOL carryforward has an indefinite life and state NOL carryforwards expire beginning in 2026. The Company's ability to use these various carryforwards to offset any taxable income generated in future taxable periods may be limited under Section 382 and other federal tax provisions. The foreign tax credit carryforwards expire beginning in 2025. At September 30, 2024 and 2023, the Company had deferred tax assets related to available foreign NOL carryforwards of $17.6. million and $16.4 million, respectively. All but $0.5 million of our foreign NOLs maintain an indefinite carry forward life. The NOLs with limited carryforward periods will expire beginning in 2027.

The Company evaluates the recoverability of its deferred tax assets on a jurisdictional basis by considering whether deferred tax assets will be realized on a more likely than not basis. To the extent a portion or all of the applicable deferred tax assets do not meet the more likely than not threshold, a valuation allowance is recorded. Consideration was given to the tax planning strategies and, when applicable, future taxable income as to how much of the relevant deferred tax asset could be realized on a more likely than not basis. The Company has recorded a valuation allowance of $17.2 million and $16.0 million against its gross deferred tax asset balance at September 30, 2024 and 2023, respectively. At each reporting date, the Company considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of September 30, 2024, the Company determined that there was sufficient positive evidence to conclude that it is more likely than not that all of its U.S. deferred tax assets are realizable, except for $0.2 million of foreign tax credit carry forwards that expire beginning in fiscal 2025.

The Tax Act and Jobs Act of 2017 (the Tax Act) subjects a U.S. shareholder to a minimum tax on "global intangible low-taxed income" (GILTI) earned by certain foreign subsidiaries. The FASB Staff Q&A Topic 740 No. 5. Accounting for Global Intangible Low-Taxed Income states that an entity can make an accounting policy election to either recognize deferred taxes for temporary differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI resulting from those items in the year the tax is incurred. The Company has elected to recognize the resulting tax on GILTI as an expense in the period the tax is incurred.

The Inflation Reduction Act (IRA) was enacted on August 16, 2022. The IRA includes provisions imposing a 1% excise tax on share repurchases that occur after December 31, 2022, and introduces a 15% corporate alternative minimum tax (CAMT) on adjusted financial statement income. The CAMT became effective for us in fiscal year 2024 and has not had a material adverse impact on our financial statements.

On November 1, 2021, the Company acquired 100% of the stock of Bid4Assets, Inc. for $42.7 million. Under the acquisition method of accounting, the Company recorded a net deferred tax liability of $3.8 million composed primarily of acquired intangibles netted against NOLs and other deferred assets. The total amount of NOLs, which are subject to limitations under Section 382, were $1.2 million.

On January 1, 2024, the Company acquired all the issued and outstanding equity securities associated with Sierra Auction Management, Inc. (Sierra) for $13.7 million paid in cash. The purchase of the equity securities of Sierra was treated as at purchase of assets of Sierra for tax purposes.

The Company has not recorded a provision for deferred U.S. tax expense on the undistributed earnings of foreign subsidiaries since the Company intends to indefinitely reinvest the earnings of these foreign subsidiaries outside the U.S. The amount of such undistributed foreign earnings was $9.8 million as of September 30, 2024. As of September 30, 2024 and 2023, $25.7 million and $19.1 million, respectively, of cash and cash equivalents was held overseas and not available to fund domestic operations without incurring taxes upon repatriation.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):


	Year Ended September 30,
	2024		2023			2022
Beginning balance at October 1		—	$	143		$	143
Additions based on positions related to the current year		—		—			—
Additions for tax positions of prior years		—		—			—
Reductions for tax positions of prior years		—		(143	)		—
Settlements		—		—			—
Balance at September 30		—		—		$	143

The Company applies the authoritative guidance related to uncertainty in income taxes. ASC 740 states that a benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. During 2024, the Company did not identify any new uncertain tax positions.

The Company recognizes interest and penalties in the period in which they occur in the income tax provision. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions and in foreign jurisdictions, primarily Canada and the U.K. In July 2024, the state of California opened an income tax examination for tax years 2020 and 2021. The company does not expect any material adjustments to result from the examination. The Company has no other open income tax examinations in the U.S. and the statute of limitations for years prior to fiscal year 2021 is now closed; however, certain tax attribute carryforwards that were generated prior to fiscal year 2021 may be adjusted upon examination by tax authorities if they are utilized.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Activity in valuation and qualifying accounts
Balance at beginning of period	$ 1,000
Balance at end of period	0	$ 1,000
Deferred tax valuation allowance (deducted from net deferred tax assets)
Activity in valuation and qualifying accounts
Balance at beginning of period	16,029	12,259	$ 13,813
Charged (credited) to expense	1,164	3,770	(1,554)
Reductions	0	0	0
Balance at end of period	17,193	16,029	12,259
Allowance for doubtful accounts (deducted from accounts receivable)
Activity in valuation and qualifying accounts
Balance at beginning of period	1,424	449	490
Charged (credited) to expense	839	1,392	136
Reductions	(583)	(417)	(177)
Balance at end of period	1,680	1,424	449
Provision for inventory allowance (deducted from inventory)
Activity in valuation and qualifying accounts
Balance at beginning of period	1,044	96	174
Charged (credited) to expense	163	1,048	96
Reductions	(1,204)	(100)	(174)
Balance at end of period	$ 3	$ 1,044	$ 96

Earnings Per Share

12 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

5. Earnings Per Share

The Company calculates basic EPS by dividing net income by the weighted-average number of common shares outstanding during the reporting period, excluding unvested restricted stock awards.

The Company calculates diluted net income per share by dividing net income by the weighted-average number of common shares and potentially dilutive common shares outstanding during the reporting period using the treasury stock method.

The Company's potentially dilutive common shares include stock options, restricted stock units, and restricted stock awards. For such awards that have performance- or market-conditions, they are considered dilutive only when those performance- or market-conditions have been satisfied as of the reporting date; however, in periods of a net loss, the Company's diluted EPS will equal its basic EPS, as all its potential common shares are anti-dilutive in that case. In periods of net income, the calculation of diluted net income per share will exclude all anti-dilutive common shares.

The computation of basic and diluted net income per share is as follows:


	Year Ended September 30,
	2024		2023		2022
Numerator:
Net income	$	19,991	$	20,978	$	40,324
Denominator:
Basic weighted average shares outstanding		30,496,306		31,075,648		32,292,978
Dilutive impact of stock options, RSUs and RSAs		1,137,886		998,913		1,426,446
Diluted weighted average shares outstanding		31,634,192		32,074,561		33,719,424
Basic income per common share	$	0.66	$	0.68	$	1.25
Diluted income per common share	$	0.63	$	0.65	$	1.20
Stock options, RSUs and RSAs excluded from income per diluted share because their effect would have been anti-dilutive		1,286,030		1,808,606		1,009,288

Bid4Assets Acquisition (Tables)

12 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of business acquisitions, by acquisition

The Company's allocation of the purchase price to the assets acquired and liabilities assumed as of the Bid4Assets acquisition date of November 1, 2021, was as follows:


(in thousands)	Fair Value
Cash and cash equivalents	$	3,576
Intangible assets		16,500
Other assets		346
Total assets acquired		20,422
Payables to sellers		3,715
Operating lease liabilities		204
Deferred tax liabilities		3,847
Total liabilities assumed		7,766
Net identifiable assets acquired	$	12,656
Goodwill		30,083
Total consideration transferred	$	42,739

Finite-lived and indefinite-lived intangible assets acquired as part of business combination

The known intangible assets acquired were determined to consist of, and fair valued at, the following:


(in thousands)	Useful Life (in years)	Fair Value
Contract intangibles	8	$	13,900
Developed software	3		2,200
Trade name	3		400
Total identifiable intangible assets		$	16,500

Summary of Significant Accounting Policies - Concentration (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Risk Associated with Certain Concentrations
Percentage purchase model transactions	20.00%
Purchase of inventory	$ 12.2	$ 5.8

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 153,226	$ 110,281
Short-term investments	2,310	7,891
Accounts receivable, net of allowance for doubtful accounts of $1,680 and $1,424	11,467	7,848
Inventory, net	17,099	11,116
Prepaid taxes and tax refund receivable	1,519	1,783
Prepaid expenses and other current assets	13,614	7,349
Total current assets	199,235	146,268
Property and equipment, net	17,961	17,156
Operating lease assets	12,005	9,888
Intangible assets, net	13,912	12,457
Goodwill	97,792	89,388
Deferred tax assets	1,728	7,050
Other assets	4,255	6,762
Total assets	346,888	288,970
Current liabilities:
Accounts payable	58,693	39,115
Accrued expenses and other current liabilities	28,261	23,809
Current portion of operating lease liabilities	5,185	4,101
Deferred revenue	4,788	4,701
Payables to sellers	58,226	48,992
Total current liabilities	155,153	120,718
Operating lease liabilities	9,060	6,581
Other long-term liabilities	115	137
Total liabilities	164,328	127,436
Commitments and contingencies (Note 16)
Stockholders' equity:
Common stock, $0.001 par value; 120,000,000 shares authorized; 36,707,840 shares issued and outstanding at September 30, 2024; 36,142,346 shares issued and outstanding at September 30, 2023	37	36
Additional paid-in capital	275,771	265,945
Treasury stock, at cost; 5,433,045 shares at September 30, 2023, and 3,813,199 shares at September 30, 2022	(93,854)	(84,031)
Accumulated other comprehensive loss	(9,427)	(10,457)
Retained earnings (accumulated deficit)	10,033	(9,958)
Total stockholders' equity	182,560	161,533
Total liabilities and stockholders' equity	$ 346,888	$ 288,970

Debt (Details) - USD ($)		12 Months Ended
Debt (Details) - USD ($)	Feb. 10, 2022	Sep. 30, 2024	Sep. 30, 2023
Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 17,500,000
Amount outstanding		0
Letters of credit outstanding		7,500,000
Credit Agreement \| Stand by Letters Of Credit
Debt Instrument [Line Items]
Amount outstanding		$ 7,500,000
First Amendement
Debt Instrument [Line Items]
Line of credit facility, expiration date			Mar. 31, 2025
Second Amendement
Debt Instrument [Line Items]
Line of credit facility, expiration date		Mar. 31, 2026
Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.05%
Line of credit facility, commitment fee percentage	1.25%
Revolving Credit Facility \| Minimum \| Credit Agreement
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Revolving Credit Facility \| Maximum \| Credit Agreement
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
Revolving Credit Facility \| Wells Fargo Bank, National Association
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Letter of Credit \| Wells Fargo Bank, National Association
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000

401(k) Benefit Plan (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Benefit Plan (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Retirement Benefits [Abstract]
Amount contributed and recorded expense under the 401(k) Benefit Plan	$ 1.5	$ 1.4	$ 1.0

Audit Information	12 Months Ended
Audit Information	Sep. 30, 2024
Audit Information [Abstract]
Auditor Name	Deloitte and Touche LLP
Auditor Location	McLean, Virginia
Auditor Firm ID	34
Auditor Opinion	Opinion on the Financial Statements We have audited the accompanying consolidated balance sheets of Liquidity Services, Inc. and subsidiaries (the "Company") as of September 30, 2024 and 2023, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows, for each of the three years in the period ended September 30, 2024, and the related notes and the schedule listed in the Index at Item 15(a) (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended September 30, 2024, in conformity with accounting principles generally accepted in the United States of America. We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of September 30, 2024, based on criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated December 12, 2024, expressed an unqualified opinion on the Company's internal control over financial reporting.

Equity Transactions - Stock Based Compensation Expense by Function (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock compensation expense	$ 11,087	$ 8,191	$ 8,481
Technology and operations
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock compensation expense	1,698	1,226	1,307
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock compensation expense	2,989	2,363	2,148
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total stock compensation expense	$ 6,400	$ 4,602	$ 5,026

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Goodwill

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

. Goodwill

The carrying value and changes in the carrying value of goodwill attributable to each reportable segment were as follows:


Goodwill (in thousands)	GovDeals		CAG			Machinio		Total
Balance at September 30, 2021	$	23,731	$	21,583		$	14,558	$	59,872
Addition: Bid4Assets acquisition		30,083		—			—		30,083
Translation adjustments		—		(1,045	)		—		(1,045	)
Balance at September 30, 2022	$	53,814	$	20,538		$	14,558	$	88,910
Translation adjustments		—		478			—		478
Balance at September 30, 2023	$	53,814	$	21,016		$	14,558	$	89,388
Addition: Sierra acquisition	$	7,869	$	—		$	—	$	7,869
Translation adjustments		—		535			—		535
Balance at September 30, 2024	$	61,683	$	21,551		$	14,558	$	97,792

The increase in the goodwill balance of approximately $7.9 million at the GovDeals reportable segment and reporting unit during the year ended September 30, 2024, is due to the Sierra acquisition; see Note 4 - Sierra Acquisition for further information.

The increase in the goodwill balance of approximately $30.1 million at the GovDeals reportable segment and reporting unit during the year ended September 30, 2022, is due to the Bid4Assets acquisition; see Note 3 - Bid4Assets Acquisition for further information.

Accumulated goodwill impairment losses as of September 30, 2024 and 2023 were $168.6 million.

Impairment Analysis

Goodwill is tested for impairment at the beginning of the fourth quarter and during interim periods whenever events or circumstances indicate that the carrying value may not be recoverable. As of July 1, 2024, the Company performed its annual impairment test qualitatively and concluded that it was more likely than not that the fair value of each reporting unit exceeded their carrying amounts. The Company did not record impairment charges on goodwill during the years ended September 30, 2024, 2023, and 2022.

The Company did not identify any indicators of impairment that required an interim goodwill impairment test during the three months ended September 30, 2024.

Income Taxes - Reconciliation (Details)	12 Months Ended
Income Taxes - Reconciliation (Details)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Reconciliation of the U.S. federal statutory rate to the effective rate for continuing operations
U.S. statutory rate	21.00%	21.00%	21.00%
Stock-based stock compensation expense	(3.20%)	(1.30%)	(2.00%)
Nondeductible compensation expense	1.20%	0.50%	2.00%
Fair value adjustments of acquisition earn-outs	0.00%	0.00%	(10.80%)
Other permanent items	0.40%	0.10%	(0.40%)
State taxes	7.90%	7.80%	3.30%
Net foreign rate differential	0.20%	0.00%	0.10%
Unrecognized tax benefits	0.00%	(0.50%)	0.00%
Change in valuation allowance	4.30%	1.40%	(3.30%)
Write-down of deferred tax assets on share-based stock compensation	0.90%	0.20%	0.50%
Write-down of deferred tax assets on net operating loss	(4.10%)	(0.80%)	4.20%
Other	(1.90%)	(0.70%)	0.80%
Effective rate	26.70%	27.70%	15.40%

Bid4Assets Acquisition - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Nov. 01, 2021	Dec. 31, 2022	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2021
Business Acquisition [Line Items]
Goodwill			$ 88,910	$ 97,792	$ 89,388	$ 59,872
Level 3 \| Recurring basis
Business Acquisition [Line Items]
Earn-out from business acquisition	$ 28,000		26,900
Fair value, measurement with unobservable inputs reconciliations, recurring basis, liability value			0			$ 0
Bid4Assets
Business Acquisition [Line Items]
Consideration paid	42,739
Purchase price, net	14,700
Business combination, consideration transferred, other	300
Business combination, earn out consideration in cash	37,500
Goodwill	30,083
Intangible assets	16,500
Bid4Assets \| Contract intangibles
Business Acquisition [Line Items]
Intangible assets	$ 13,900
Useful Life (in years)	8 years
Bid4Assets \| Developed software
Business Acquisition [Line Items]
Intangible assets	$ 2,200
Useful Life (in years)	3 years
Bid4Assets \| Trade name
Business Acquisition [Line Items]
Intangible assets	$ 400
Useful Life (in years)	3 years
Bid4Assets \| Level 3 \| Recurring basis
Business Acquisition [Line Items]
Earn-out from business acquisition	$ 28,000	$ 3,500	$ 28,000

Defined Benefit Pension Plan - Net Period Pension Cost (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Retirement Benefits [Abstract]
Interest cost	$ 796	$ 794	$ 446
Expected return on plan assets	(600)	(876)	(775)
Amortization of prior service cost	27	26	19
Settlement loss recognized	0	0	61
Total net periodic pension cost (benefit)	$ 223	$ (56)	$ (249)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Income (Expense), Operating	Interest Income (Expense), Operating	Interest Income (Expense), Operating

Segment Information

12 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Information

17. Segment Information

The Company provides operating results in four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Descriptions of our reportable segments are as follows:

•

We also report results of Corporate & Other, including elimination adjustments.

Decisions concerning the allocation of the Company’s resources are made by the Company’s Chief Operating Decision Maker (CODM), which is the Company's Chief Executive Officer, with oversight by the Board of Directors. The Company reports reportable segment information based on the internal performance measures used by the CODM to assess the performance of each operating segment in a given period. In connection with that assessment, the CODM uses segment direct profit to evaluate the performance of each segment. Segment direct profit, previously referred to as segment gross profit, continues to be calculated as total revenue less cost of goods sold (excludes depreciation and amortization).

The following table sets forth certain financial information for the Company's reportable segments:


		Year Ended September 30,
(in thousands)		2024			2023			2022
GovDeals:
	Purchase revenue	$	191		$	—		$	—
	Consignment and other fee revenues		76,366			62,010			59,352
	Total revenue		76,557			62,010			59,352
	Segment direct profit	$	71,727		$	58,810		$	56,408

RSCG:
	Purchase revenue	$	201,034		$	161,780		$	134,092
	Consignment and other fee revenues		31,969			38,438			32,007
	Total revenue		233,003			200,218			166,100
	Segment direct profit	$	66,873		$	68,068		$	63,704

CAG:
	Purchase revenue	$	8,575		$	10,309		$	17,179
	Consignment and other fee revenues		29,093			28,167			25,396
	Total revenue		37,668			38,476			42,575
	Segment direct profit	$	31,268		$	32,215		$	29,120

Machinio:
	Purchase revenue	$	—		$	—		$	—
	Consignment and other fee revenues		16,157			13,821			12,083
	Total revenue		16,157			13,821			12,083
	Segment direct profit	$	15,364		$	13,110		$	11,471

Corporate & Other, including elimination adjustments:
	Purchase revenue	$	—		$	—		$	—
	Consignment and other fee revenues		(66	)		(62	)		(60	)
	Total revenue		(66	)		(62	)		(60	)
	Segment direct profit	$	(66	)	$	(62	)	$	(60	)

Consolidated:
	Purchase revenue	$	209,800		$	172,089		$	151,271
	Consignment and other fee revenues		153,518			142,373			128,779
	Total revenue		363,318			314,462			280,050
	Total Segment direct profit	$	185,166		$	172,140		$	160,643

The following table reconciles segment direct profit used in the reportable segments to the Company's consolidated results:


	Year Ended September 30,
(in thousands)	2024			2023			2022
Reconciliation:
Total segment direct profit	$	185,166		$	172,140		$	160,643
Other costs and expenses from operations (1)		160,290			145,850			137,350
Fair value adjustment of acquisition earn-outs		—			—			(24,500	)
Interest and other (income) expense, net		(2,383	)		(2,726	)		140
Income before provision for income taxes	$	27,260		$	29,016		$	47,653

(1) Other costs and expenses from operations is defined as Total costs and expenses from operations per the Consolidated Statements of Operations, less Cost of goods sold (which is included in the calculation of Segment direct profit).

Total segment assets reconciled to consolidated amounts are as follows:


	September 30,
(in thousands)	2024			2023
Segment Assets:
GovDeals	$	324,145		$	256,215
RSCG		138,082			110,592
CAG		98,716			96,828
Machinio		41,871			36,362
Corporate & Other		(255,926	)		(211,026	)
Total Segment Assets:	$	346,888		$	288,970

Revenue attributed to countries that represent a significant portion of consolidated revenues are as follows:


	Year Ended September 30,
(in thousands)	2024		2023		2022
Revenue by geographic area
United States	$	323,303	$	278,734	$	237,720
Rest of the world		40,015		35,729		42,330
Consolidated	$	363,318	$	314,462	$	280,050

Total long-lived assets by geographic areas are as follows:


	September 30,
(in thousands)	2024		2023
Assets by geographic area
United States	$	17,827	$	17,039
Rest of the world		134		117
Total Long-lived Assets	$	17,961	$	17,156

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information (Tables)

12 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

The following table sets forth certain financial information for the Company's reportable segments:


		Year Ended September 30,
(in thousands)		2024			2023			2022
GovDeals:
	Purchase revenue	$	191		$	—		$	—
	Consignment and other fee revenues		76,366			62,010			59,352
	Total revenue		76,557			62,010			59,352
	Segment direct profit	$	71,727		$	58,810		$	56,408

RSCG:
	Purchase revenue	$	201,034		$	161,780		$	134,092
	Consignment and other fee revenues		31,969			38,438			32,007
	Total revenue		233,003			200,218			166,100
	Segment direct profit	$	66,873		$	68,068		$	63,704

CAG:
	Purchase revenue	$	8,575		$	10,309		$	17,179
	Consignment and other fee revenues		29,093			28,167			25,396
	Total revenue		37,668			38,476			42,575
	Segment direct profit	$	31,268		$	32,215		$	29,120

Machinio:
	Purchase revenue	$	—		$	—		$	—
	Consignment and other fee revenues		16,157			13,821			12,083
	Total revenue		16,157			13,821			12,083
	Segment direct profit	$	15,364		$	13,110		$	11,471

Corporate & Other, including elimination adjustments:
	Purchase revenue	$	—		$	—		$	—
	Consignment and other fee revenues		(66	)		(62	)		(60	)
	Total revenue		(66	)		(62	)		(60	)
	Segment direct profit	$	(66	)	$	(62	)	$	(60	)

Consolidated:
	Purchase revenue	$	209,800		$	172,089		$	151,271
	Consignment and other fee revenues		153,518			142,373			128,779
	Total revenue		363,318			314,462			280,050
	Total Segment direct profit	$	185,166		$	172,140		$	160,643

Schedule of reconciliation of revenue from segments to consolidated

The following table reconciles segment direct profit used in the reportable segments to the Company's consolidated results:


	Year Ended September 30,
(in thousands)	2024			2023			2022
Reconciliation:
Total segment direct profit	$	185,166		$	172,140		$	160,643
Other costs and expenses from operations (1)		160,290			145,850			137,350
Fair value adjustment of acquisition earn-outs		—			—			(24,500	)
Interest and other (income) expense, net		(2,383	)		(2,726	)		140
Income before provision for income taxes	$	27,260		$	29,016		$	47,653

Schedule of reconciliation of assets from segment to consolidated

Total segment assets reconciled to consolidated amounts are as follows:


	September 30,
(in thousands)	2024			2023
Segment Assets:
GovDeals	$	324,145		$	256,215
RSCG		138,082			110,592
CAG		98,716			96,828
Machinio		41,871			36,362
Corporate & Other		(255,926	)		(211,026	)
Total Segment Assets:	$	346,888		$	288,970

Schedule of revenue by geographical areas

Revenue attributed to countries that represent a significant portion of consolidated revenues are as follows:


	Year Ended September 30,
(in thousands)	2024		2023		2022
Revenue by geographic area
United States	$	323,303	$	278,734	$	237,720
Rest of the world		40,015		35,729		42,330
Consolidated	$	363,318	$	314,462	$	280,050

Schedule of long-lived assets by geographical areas

Total long-lived assets by geographic areas are as follows:


	September 30,
(in thousands)	2024		2023
Assets by geographic area
United States	$	17,827	$	17,039
Rest of the world		134		117
Total Long-lived Assets	$	17,961	$	17,156

Defined Benefit Pension Plan - Actuarial Assumptions (Details)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Retirement Benefits [Abstract]
Discount rate to determine net periodic (benefit) cost	5.70%	5.50%
Expected return on plan assets	4.82%	6.45%
Discount rate to determine benefit obligations	5.00%	5.70%
Rate of increases to deferred CPI linked benefits	2.90%	3.20%
Rate of increases to deferred RPI linked benefits	3.40%	3.80%

Defined Benefit Pension Plan

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Defined Benefit Pension Plan

15. Defined Benefit Pension Plan

Certain employees of Liquidity Services UK Limited (GoIndustry), which the Company acquired in July 2012, are covered by the Henry Butcher Pension Fund and Life Assurance Scheme (the Scheme), a qualified defined benefit pension plan. The Company guarantees GoIndustry's performance on all present and future obligations to make payments to the Scheme for up to a maximum of £10 million British pounds. The Scheme was closed to new members on January 1, 2002.

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

The net periodic pension cost (benefit) is recognized within Interest and other income, net in the Consolidated Statements of Operations, and for the years ended September 30, 2024, 2023, and 2022, included the following components:


	Year Ended September 30,
	2024			2023			2022
	(in thousands)
Interest cost	$	796		$	794		$	446
Expected return on plan assets		(600	)		(876	)		(775	)
Amortization of prior service cost		27			26			19
Settlement loss recognized		—			—			61
Total net periodic pension cost (benefit)	$	223		$	(56	)	$	(249	)

The following table provides a reconciliation of benefit obligations, plan assets, and funded status related to the Company's qualified defined benefit pension plan for the years ended September 30, 2024 and 2023:


	Year Ended September 30,
	2024			2023
	(in thousands)
Change in benefit obligation
Beginning balance	$	13,847		$	13,329
Interest cost		796			794
Benefits paid		(1,003	)		(761	)
Actuarial gain		993			(786	)
Foreign currency exchange rate changes		1,394			1,271
Ending balance	$	16,027		$	13,847


	Year Ended September 30,
	2024			2023
	(in thousands)
Change in plan assets
Beginning balance at fair value	$	16,332		$	16,554
Actual return on plan assets		1,131			(1,344	)
Benefits paid		(1,003	)		(761	)
Employer's contributions		321			293
Plan Settlements		—			—
Foreign currency exchange rate changes		1,601			1,590
Ending balance at fair value	$	18,382		$	16,332
Overfunded status of the Scheme	$	2,355		$	2,485

The pension asset of $2.4 million is recorded in Other long-term assets in the Consolidated Balance Sheets. Because the Scheme is closed to new participants, the accumulated benefit obligation is equal to the projected benefit obligation, which was $16.0 million and $13.8 million at September 30, 2024 and 2023, respectively.

During the year ended September 30, 2022, the Company extended early settlement offers to all members of the Scheme. There was no material impact to the consolidated financial statements as a result of the early settlement offers.

The amounts recognized in Other comprehensive income (loss) related to the Company's qualified defined benefit pension plan, net of taxes, and the related foreign currency translation adjustments, for the years ended September 30, 2024 and 2023, is shown in the following table:


	Year Ended September 30,
	2024			2023
	(in thousands)
Accumulated other comprehensive (loss) income at beginning of year	$	(1,094	)	$	278
Net actuarial loss		(339	)		(334	)
Foreign currency translation adjustments		(230	)		(1,038	)
Accumulated other comprehensive (loss) at end of year	$	(1,662	)	$	(1,094	)

The plan complies with the funding provisions of the U.K. Pensions Act 2004 and the Occupational Pension Schemes Regulations Act 2005. The Company does not plan to make contributions to the plan in the near future.

Actuarial Assumptions

The actuarial assumptions used to determine the benefit obligations at September 30, 2024 and 2023, and to determine the net periodic (benefit) cost for the year were as follows:


	September 30, 2024			September 30, 2023
Discount rate to determine net periodic (benefit) cost		5.70	%		5.50	%
Expected return on plan assets		4.82	%		6.45	%
Discount rate to determine benefit obligations		5.00	%		5.70	%
Rate of increases to deferred CPI linked benefits		2.90	%		3.20	%
Rate of increases to deferred RPI linked benefits		3.40	%		3.80	%

Mortality—98% for males and 96% for females of S3PMA mortality tables, projected in line with the 2023 Continuous Mortality Investigation projection model and a 1.3% per annum long-term rate of improvement.

Estimated Future Benefit Payments

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


	Pension Benefits
	(in thousands)
Year ending September 30,
2024	$	1,022
2025		942
2026		975
2027		904
2028		985
2029 through 2034		5,441
Total	$	10,269

Fair Value Measurements

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

•

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

•

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

•

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

The assets are allocated among government bonds, corporate bonds, and diversified funds. The assets are not rebalanced, but the allocation is reviewed on a periodic basis to ensure that the investments are appropriate to the Scheme's circumstances. The Trustees review the investment policy on an ongoing basis, to determine whether a change in the policy or asset allocation targets is necessary. The basis of the Trustees’ strategy is to divide the Scheme’s assets between a “growth” portfolio, comprising assets such as multi-asset / diversified growth funds, and a “stabilizing” portfolio, comprising assets such as government bonds (both fixed and inflation-linked) and corporate bonds. The Trustees recognize the benefits of diversification across asset classes, as well as within them, in reducing the risk that results from investing in any one particular market. The Company has elected to use a bid value of Scheme assets to calculate the expected return on assets in the net periodic benefit cost. The assets consisted of the following as of September 30, 2024 and 2023:


	September 30, 2024			September 30, 2023
Government bonds		59.7	%		59.7	%
Equity securities		0.0	%		0.0	%
Corporate bonds		29.7	%		29.8	%
Diversified fund		10.0	%		10.1	%
Cash		0.6	%		0.4	%
Total		100.0	%		100.0	%

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

The Company is required to present certain fair value disclosures related to its postretirement benefit plan assets, even though those assets are not included in the Company's Consolidated Balance Sheets. The following table presents the fair value of the assets of the Company's qualified defined benefit pension plan by asset category and their level within the fair value hierarchy.


Balance as of September 30, 2024	Level 1		Level 2		Level 3		Total
	(in thousands)
Government bonds	$	—	$	10,977	$	—	$	10,977
Corporate bonds		—		5,453		—		5,453
Diversified fund		—		1,830		—		1,830
Cash		122		—		—		122
Total	$	122	$	18,260	$	—	$	18,382


Balance as of September 30, 2023	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities	$	—	$	9,757	$	—	$	9,757
Corporate bonds		—		4,860		—		4,860
Diversified fund		—		1,653		—		1,653
Cash		61		—		—		61
Total	$	61	$	16,270	$	—	$	16,331

Valuation Techniques

The Company relies on pricing inputs from investment fund managers to value investments. The fund manager prices the underlying securities using independent external pricing sources.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

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+ Details

Bid4Assets Acquisition - Allocation of the Purchase Price to the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Goodwill		$ 97,792	$ 89,388	$ 88,910	$ 59,872
Bid4Assets
Business Acquisition [Line Items]
Cash and cash equivalents	$ 3,576
Intangible assets	16,500
Other assets	346
Total assets acquired	20,422
Payables to sellers	3,715
Operating lease liabilities	204
Deferred tax liabilities	3,847
Total liabilities assumed	7,766
Net identifiable assets acquired	12,656
Goodwill	30,083
Total consideration transferred	$ 42,739

Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Property and Equipment
Property, plant, and equipment	$ 54,965	$ 47,244
Less: Accumulated depreciation and amortization	(37,004)	(30,088)
Total property and equipment, net	17,961	17,156
Computers and purchased software
Property and Equipment
Property, plant, and equipment	2,351	2,151
Developed software for internal-use
Property and Equipment
Property, plant, and equipment	30,341	25,820
Equipment
Property and Equipment
Property, plant, and equipment	10,177	9,337
Leasehold improvements
Property and Equipment
Property, plant, and equipment	4,182	2,979
Building
Property and Equipment
Property, plant, and equipment	2,203	2,158
Furniture and fixtures
Property and Equipment
Property, plant, and equipment	391	413
Vehicles
Property and Equipment
Property, plant, and equipment	1,536	1,383
Land
Property and Equipment
Property, plant, and equipment	754	754
Construction in progress
Property and Equipment
Property, plant, and equipment	$ 3,030	$ 2,249

Intangible Assets

12 Months Ended

Sep. 30, 2024

Finite-Lived Intangible Assets, Net [Abstract]

Intangible Assets

. Intangible Assets

Intangible assets consist of the following:


				September 30, 2024							September 30, 2023
(in thousands)	Useful Life (in years)	Weighted average useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer and supplier relationships	6 - 8		7	$	22,100	$	(8,805	)	$	13,295	$	17,000	$	(6,043	)	$	10,957
Technology	3 - 5		3		4,900		(4,839	)		61		4,900		(4,105	)		795
Trade names	3 - 7		5		2,200		(1,803	)		397		1,900		(1,381	)		519
Other intangibles	10		10		897		(738	)		159		875		(689	)		186
Total intangible assets, net				$	30,097	$	(16,185	)	$	13,912	$	24,675	$	(12,218	)	$	12,457

The Company has reclassified certain assets within the footnote for presentation purposes only, as well as renamed certain accounts. No changes have been made to the assets' respective underlying recorded amounts or useful lives, and there has been no effect on the current nor prior year financial results. What was previously classified as “Contract intangibles” is now “Customer and supplier relationships”. The Company has reclassified Brand intangibles from “Technology” and is now included within the “Trade names” intangible asset type. Previously reported “Patents and trademarks” have been separated such that “Other intangibles” are now comprised of patents and related assets. The gross carrying amount of total intangible assets increased by $5.4 million during the year ended September 30, 2024, due to the Sierra acquisition. The acquired supplier relationships and trade name assets are included in the above line items of Customer and supplier relationships and Trade names, respectively. See Note 4 - Sierra Acquisition for further information.

Future expected amortization of intangible assets at September 30, 2024, is as follows:


Year Ending September 30,	Amortization
	(in thousands)
2025	$	2,965
2026		2,721
2027		2,638
2028		2,604
2029		2,601
Thereafter		383
Total	$	13,912

Amortization expense related to intangible assets for the years ended September 30, 2024, 2023, and 2022 was $4.0 million, $3.8 million, and $3.7 million, respectively. The increase in intangible amortization expense during the year ended September 30, 2023, was primarily due to the Bid4Assets acquisition.

The Company did not record impairment charges on any intangible assets during the years ended September 30, 2024, 2023, and 2022. The Company did not identify any indicators of impairment requiring an interim impairment test on material long-lived assets during the year ended September 30, 2024.

Intangible Assets - Schedule of intangible assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Intangible Assets
Gross Carrying Amount	$ 30,097	$ 24,675
Accumulated Amortization	(16,185)	(12,218)
Net Carrying Amount	13,912	12,457
Customer and supplier relationships
Intangible Assets
Gross Carrying Amount	22,100	17,000
Accumulated Amortization	(8,805)	(6,043)
Net Carrying Amount	$ 13,295	10,957
Customer and supplier relationships \| Minimum
Intangible Assets
Useful Life (in years)	6 years
Customer and supplier relationships \| Maximum
Intangible Assets
Useful Life (in years)	8 years
Customer and supplier relationships \| Weighted Average
Intangible Assets
Useful Life (in years)	7 years
Technology
Intangible Assets
Gross Carrying Amount	$ 4,900	4,900
Accumulated Amortization	(4,839)	(4,105)
Net Carrying Amount	$ 61	795
Technology \| Minimum
Intangible Assets
Useful Life (in years)	3 years
Technology \| Maximum
Intangible Assets
Useful Life (in years)	5 years
Technology \| Weighted Average
Intangible Assets
Useful Life (in years)	3 years
Trade name
Intangible Assets
Gross Carrying Amount	$ 2,200	1,900
Accumulated Amortization	(1,803)	(1,381)
Net Carrying Amount	$ 397	519
Trade name \| Minimum
Intangible Assets
Useful Life (in years)	3 years
Trade name \| Maximum
Intangible Assets
Useful Life (in years)	7 years
Trade name \| Weighted Average
Intangible Assets
Useful Life (in years)	5 years
Other intangibles
Intangible Assets
Useful Life (in years)	10 years
Gross Carrying Amount	$ 897	875
Accumulated Amortization	(738)	(689)
Net Carrying Amount	$ 159	$ 186
Other intangibles \| Weighted Average
Intangible Assets
Useful Life (in years)	10 years

Summary of Significant Accounting Policies - PP&E (Details)	Sep. 30, 2024
Computers and purchased software \| Minimum
Property and Equipment
Estimated useful life	1 year
Computers and purchased software \| Maximum
Property and Equipment
Estimated useful life	5 years
Equipment \| Minimum
Property and Equipment
Estimated useful life	2 years
Equipment \| Maximum
Property and Equipment
Estimated useful life	5 years
Furniture and fixtures \| Minimum
Property and Equipment
Estimated useful life	5 years
Furniture and fixtures \| Maximum
Property and Equipment
Estimated useful life	7 years
Internally developed software for internal-use \| Minimum
Property and Equipment
Estimated useful life	2 years
Internally developed software for internal-use \| Maximum
Property and Equipment
Estimated useful life	5 years
Building
Property and Equipment
Estimated useful life	39 years
Vehicles
Property and Equipment
Estimated useful life	5 years

Leases - Narrative (Details)	Sep. 30, 2024
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease terms	4 years 8 months 12 days

Legal Proceedings

12 Months Ended

Sep. 30, 2024

Loss Contingency, Information about Litigation Matters [Abstract]

Legal Proceedings

16. Legal Proceedings

The Company reserves for contingent liabilities based on ASC 450, Contingencies, when it determines that a liability is probable and reasonably estimable. From time to time, the Company may become involved in litigation relating to claims arising in the ordinary course of the business; however, unless otherwise noted, there are no claims or actions pending or threatened against the Company that, if adversely determined, would in the Company's management's judgment have a material adverse effect on the Company.

Former Employee Matters

In May 2021, the Company’s former Vice President, Human Resources filed a complaint against the Company in the United States District Court for the District of Maryland (the “District Court”), alleging wrongful termination on the basis of gender, race, and age. The Company’s employment practices liability insurance carrier, CNA, accepted tender of these claims. In December 2022, the District Court dismissed the plaintiff’s age discrimination claim but the court allowed the race and gender claims to go to trial. Trial on the race and gender claims began late October 2023. The jury was unable to reach a unanimous verdict on either claim, and accordingly, the judge declared a mistrial in November 2023. On August 1, 2024, plaintiff and the Company entered into a settlement agreement under which the Company agreed to pay the plaintiff $3.5 million in exchange for a full release and dismissal with prejudice of plaintiff’s claims. The Company entered into the Agreement as a negotiated compromise and settlement of litigation, and not in any way as an admission of liability or fault by the Company. CNA funded $3.0 million of the settlement pursuant to the terms of the Company’s insurance policy. As a result of the settlement agreement, the Company recorded a $0.5 million litigation settlement expense net of insurance recovery during the year ended September 30, 2024, which is included in General and administrative expenses on the Condensed Consolidated Statements of Operations.

On December 28, 2022, the Company’s former Chief Marketing Officer (the “Former CMO”) filed a complaint (the “Original Complaint”) in the United States District Court for the District of Maryland (the “District Court”), alleging wrongful termination on the basis of race and age and that the Company retaliated against him. On April 26, 2023, the Former CMO filed an amended complaint with the District Court, alleging the same claims made in the Original Complaint. The Company's motion to dismiss certain of the claims was denied on March 27, 2024. The parties are currently involved in the discovery phase of the case. The Company is asserting substantial defenses and cannot estimate a range of potential liability, if any, at this time. The Company’s employment practices liability insurance carrier, CNA, has accepted tender of these claims.

Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Operating Leases
2025	$ 5,877
2026	4,204
2027	2,404
2028	2,050
2029	1,196
Thereafter	0
Total lease payments	15,731
Less: imputed interest	(1,481)
Total lease liabilities	$ 14,250
Operating lease, liability, statement of financial position	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Finance Leases
2025	$ 86
2026	83
2027	30
2028	7
2029	0
Thereafter	0
Total lease payments	206
Less: imputed interest	(14)
Total lease liabilities	$ 192
Finance lease, liability, statement of financial position	us-gaap:AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent

Leases - Maturities of Lease Liabilities (Parenthetical) (Details)	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating leases, weighted average remaining lease term	3 years 3 months 18 days	2 years 9 months 18 days
Finance leases, weighted average remaining lease term	2 years 4 months 24 days	2 years 10 months 24 days
Operating leases, weighted average discount rate	6.10%	6.20%
Finance leases, weighted average discount rate	5.60%	5.60%

Summary of Significant Accounting Policies - Intangible Assets and Impairment of Long-Lived Assets (Details) - USD ($)	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Accounting Policies [Abstract]
Impairment of long-lived assets	$ 0	$ 0	$ 0

Fair Value Measurement - Contingent Consideration (Details) - Recurring basis - Level 3 - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Nov. 01, 2021	Mar. 31, 2022	Sep. 30, 2022
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance			$ 0
Earn-out from business acquisition	$ 28,000		26,900
Measurement period adjustment			1,100
Payment of achieved earn-out threshold		$ (3,500)	(3,500)
Change in fair value			$ (24,500)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Change in fair value of earn-out liability
Ending balance			$ 0

Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

The computation of basic and diluted net income per share is as follows:


	Year Ended September 30,
	2024		2023		2022
Numerator:
Net income	$	19,991	$	20,978	$	40,324
Denominator:
Basic weighted average shares outstanding		30,496,306		31,075,648		32,292,978
Dilutive impact of stock options, RSUs and RSAs		1,137,886		998,913		1,426,446
Diluted weighted average shares outstanding		31,634,192		32,074,561		33,719,424
Basic income per common share	$	0.66	$	0.68	$	1.25
Diluted income per common share	$	0.63	$	0.65	$	1.20
Stock options, RSUs and RSAs excluded from income per diluted share because their effect would have been anti-dilutive		1,286,030		1,808,606		1,009,288

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Total revenue	$ 363,318	$ 314,462	$ 280,050
Costs and expenses from operations:
Cost of goods sold (excludes depreciation and amortization)	178,152	142,322	119,407
Technology and operations	61,377	57,078	55,522
Sales and marketing	54,832	49,443	43,224
General and administrative	31,962	28,074	28,282
Depreciation and amortization	12,120	11,255	10,322
Fair value adjustment of acquisition earn-outs	(0)	(0)	(24,500)
Other operating expenses, net	1,471	186	388
Total costs and expenses	339,914	288,358	232,645
Income from operations	23,404	26,105	47,405
Interest and other income, net	(3,854)	(2,912)	(248)
Income before provision for income taxes	27,260	29,016	47,653
Provision for income taxes	7,269	8,039	7,329
Net income	$ 19,991	$ 20,978	$ 40,324
Basic income per common share (in usd per share)	$ 0.66	$ 0.68	$ 1.25
Diluted income per common share (in usd per share)	$ 0.63	$ 0.65	$ 1.2
Basic weighted average shares outstanding (in shares)	30,496,306	31,075,648	32,292,978
Diluted weighted average shares outstanding	31,634,192	32,074,561	33,719,424
Purchase revenues
Total revenue	$ 209,800	$ 172,089	$ 151,271
Consignment and other fee revenues
Total revenue	$ 153,518	$ 142,373	$ 128,779

Equity Transactions - Fair Value (Details) - Stock options	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Fair value assumptions
Dividend yield	0.00%	0.00%	0.00%
Expected volatility, minimum	59.10%	56.90%	57.00%
Expected volatility, maximum	60.80%	62.20%	62.20%
Risk free interest rate, minimum	3.80%	3.40%	1.10%
Risk free interest rate, maximum	3.90%	3.90%	3.50%
Minimum
Fair value assumptions
Expected term	4 years 6 months	4 years 6 months	4 years 6 months
Maximum
Fair value assumptions
Expected term	5 years	7 years 7 months 6 days	7 years 4 months 24 days

Organization (Details)	12 Months Ended
Organization (Details)	Sep. 30, 2024 Segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reportable segments	4

Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Finance lease – lease asset amortization	$ 70	$ 78
Finance lease – interest on lease liabilities	11	11
Operating lease cost	5,457	5,328
Short-term lease cost	318	413
Variable lease cost	1,458	1,300
Sublease income	(19)	(88)
Total net lease cost	$ 7,295	$ 7,042

Defined Benefit Pension Plan (Tables)

12 Months Ended

Sep. 30, 2024

Retirement Benefits [Abstract]

Schedule of net periodic pension cost (benefit) recognized


	Year Ended September 30,
	2024			2023			2022
	(in thousands)
Interest cost	$	796		$	794		$	446
Expected return on plan assets		(600	)		(876	)		(775	)
Amortization of prior service cost		27			26			19
Settlement loss recognized		—			—			61
Total net periodic pension cost (benefit)	$	223		$	(56	)	$	(249	)

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


	Year Ended September 30,
	2024			2023
	(in thousands)
Change in benefit obligation
Beginning balance	$	13,847		$	13,329
Interest cost		796			794
Benefits paid		(1,003	)		(761	)
Actuarial gain		993			(786	)
Foreign currency exchange rate changes		1,394			1,271
Ending balance	$	16,027		$	13,847


	Year Ended September 30,
	2024			2023
	(in thousands)
Change in plan assets
Beginning balance at fair value	$	16,332		$	16,554
Actual return on plan assets		1,131			(1,344	)
Benefits paid		(1,003	)		(761	)
Employer's contributions		321			293
Plan Settlements		—			—
Foreign currency exchange rate changes		1,601			1,590
Ending balance at fair value	$	18,382		$	16,332
Overfunded status of the Scheme	$	2,355		$	2,485

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


	Year Ended September 30,
	2024			2023
	(in thousands)
Accumulated other comprehensive (loss) income at beginning of year	$	(1,094	)	$	278
Net actuarial loss		(339	)		(334	)
Foreign currency translation adjustments		(230	)		(1,038	)
Accumulated other comprehensive (loss) at end of year	$	(1,662	)	$	(1,094	)

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

The actuarial assumptions used to determine the benefit obligations at September 30, 2024 and 2023, and to determine the net periodic (benefit) cost for the year were as follows:


	September 30, 2024			September 30, 2023
Discount rate to determine net periodic (benefit) cost		5.70	%		5.50	%
Expected return on plan assets		4.82	%		6.45	%
Discount rate to determine benefit obligations		5.00	%		5.70	%
Rate of increases to deferred CPI linked benefits		2.90	%		3.20	%
Rate of increases to deferred RPI linked benefits		3.40	%		3.80	%

Schedule of expected benefit payments to participants

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


	Pension Benefits
	(in thousands)
Year ending September 30,
2024	$	1,022
2025		942
2026		975
2027		904
2028		985
2029 through 2034		5,441
Total	$	10,269

Schedule of allocation of plan assets

The assets consisted of the following as of September 30, 2024 and 2023:


	September 30, 2024			September 30, 2023
Government bonds		59.7	%		59.7	%
Equity securities		0.0	%		0.0	%
Corporate bonds		29.7	%		29.8	%
Diversified fund		10.0	%		10.1	%
Cash		0.6	%		0.4	%
Total		100.0	%		100.0	%

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

The following table presents the fair value of the assets of the Company's qualified defined benefit pension plan by asset category and their level within the fair value hierarchy.


Balance as of September 30, 2024	Level 1		Level 2		Level 3		Total
	(in thousands)
Government bonds	$	—	$	10,977	$	—	$	10,977
Corporate bonds		—		5,453		—		5,453
Diversified fund		—		1,830		—		1,830
Cash		122		—		—		122
Total	$	122	$	18,260	$	—	$	18,382


Balance as of September 30, 2023	Level 1		Level 2		Level 3		Total
	(in thousands)
Equity securities	$	—	$	9,757	$	—	$	9,757
Corporate bonds		—		4,860		—		4,860
Diversified fund		—		1,653		—		1,653
Cash		61		—		—		61
Total	$	61	$	16,270	$	—	$	16,331

Defined Benefit Pension Plan - Pension Plan (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Retirement Benefits [Abstract]
2024	$ 1,022
2025	942
2026	975
2027	904
2028	985
2029 through 2034	5,441
Total	$ 10,269

Defined Benefit Pension Plan - Reconciliation of Benefit Obligations, Plan Assets, and Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Change in benefit obligation
Beginning balance	$ 13,847	$ 13,329
Interest cost	796	794	$ 446
Benefits paid	(1,003)	(761)
Actuarial gain	993	(786)
Foreign currency exchange rate changes	1,394	1,271
Ending balance	16,027	13,847	13,329
Change in plan assets
Beginning balance at fair value	16,332	16,554
Actual return on plan assets	1,131	(1,344)
Benefits paid	(1,003)	(761)
Employer's contributions	321	293
Plan Settlements	0	0
Foreign currency exchange rate changes	1,601	1,590
Ending balance at fair value	18,382	16,332	$ 16,554
Overfunded status of the Scheme	$ 2,355	$ 2,485

Leases (Tables)

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Summary of lease expense and supplemental cash flow information

The components of lease expense are:


	September 30,
	2024			2023
Finance lease – lease asset amortization	$	70		$	78
Finance lease – interest on lease liabilities		11			11
Operating lease cost		5,457			5,328
Short-term lease cost		318			413
Variable lease cost (1)		1,458			1,300
Sublease income		(19	)		(88	)
Total net lease cost	$	7,295		$	7,042

Supplemental disclosures of cash flow information related to leases are:


	Years Ended September 30,
	2024		2023
Cash paid for amounts included in operating lease liabilities	$	4,667	$	4,754
Cash paid for amounts included in finance lease liabilities	$	100	$	101
Non-cash: lease liabilities arising from new operating lease assets obtained	$	5,695	$	725
Non-cash: lease liabilities arising from new finance lease assets obtained	$	57	$	—
Non-cash: adjustments to lease assets and liabilities(1)	$	395	$	418

(1) These include adjustments due to lease modifications, renewals, and other related adjustments.

Maturities of Lease Liabilities

Maturities of lease liabilities are:


	September 30, 2024
	Operating Leases			Finance Leases
2025	$	5,877		$	86
2026		4,204			83
2027		2,404			30
2028		2,050			7
2029		1,196			—
Thereafter		—			—
Total lease payments (1)		15,731			206
Less: imputed interest (2)	$	(1,481	)	$	(14	)
Total lease liabilities	$	14,250		$	192

Summary of Significant Accounting Policies - Other Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Receivables with Imputed Interest [Line Items]
Interest income	$ 3,854	$ 2,912	$ 248

Summary of Significant Accounting Policies - Advertising Costs and AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Advertising Costs
Advertising costs	$ 5,200	$ 4,500	$ 4,600
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	161,533	154,536	135,015
Current-period other comprehensive income (loss)	1,031	(173)	(1,274)
Balance	182,560	161,533	154,536
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(10,458)	(10,285)	(9,011)
Current-period other comprehensive income (loss)	1,031	(173)	(1,274)
Balance	(9,427)	(10,458)	(10,285)
Foreign Currency Translation Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(9,356)	(10,594)	(7,484)
Current-period other comprehensive income (loss)	1,516	1,238	(3,110)
Balance	(7,840)	(9,356)	(10,594)
Net Change Pension and Other Postretirement Benefit Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(1,102)	309	(1,527)
Current-period other comprehensive income (loss)	(485)	(1,411)	1,836
Balance	$ (1,587)	$ (1,102)	$ 309

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://www.xbrl.org/2003/role/exampleRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-04(19))
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-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 3
-Subparagraph (c)
-Publisher FASB
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-Paragraph 2
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+ Details

Segment Information - Reconciliation from Segments to Consolidated (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Total segment direct profit	$ 185,166	$ 172,140	$ 160,643
Other costs and expenses from operations	160,290	145,850	137,350
Fair value adjustment of acquisition earn-outs	(0)	(0)	(24,500)
Interest and other (income) expense, net	(2,383)	(2,726)	140
Income before provision for income taxes	$ 27,260	$ 29,016	$ 47,653

- Definition

Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.

+ References

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+ Details

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

+ Details

Bid4Assets Acquisition

12 Months Ended

Sep. 30, 2024

Bid4Assets Acquisition

Business Acquisition [Line Items]

Acquisition

3. Bid4Assets Acquisition

On November 1, 2021, our GovDeals segment purchased all of the issued and outstanding shares of stock of Bid4Assets, Inc. (Bid4Assets), a Maryland corporation. Bid4Assets is a leading online marketplace focused on conducting foreclosed real estate auctions. The results of Bid4Assets' operations are included within our GovDeals reportable segment and reporting unit.

The acquisition date fair value of the consideration transferred to the former shareholders of Bid4Assets was approximately $42.7 million consisting of $14.7 million in cash (net of working capital adjustments totaling $0.3 million) and earn-out consideration with a fair value of $28.0 million. Former shareholders of Bid4Assets were eligible to receive earn-out consideration of up to $37.5 million in cash, payable based on Bid4Assets' achievement of trailing twelve-month EBITDA targets measured at the end of each calendar quarter until the quarter ended December 31, 2022.

The Company's allocation of the purchase price to the assets acquired and liabilities assumed as of the Bid4Assets acquisition date of November 1, 2021, was as follows:


(in thousands)	Fair Value
Cash and cash equivalents	$	3,576
Intangible assets		16,500
Other assets		346
Total assets acquired		20,422
Payables to sellers		3,715
Operating lease liabilities		204
Deferred tax liabilities		3,847
Total liabilities assumed		7,766
Net identifiable assets acquired	$	12,656
Goodwill		30,083
Total consideration transferred	$	42,739

The excess of purchase consideration over the fair value of assets acquired and liabilities assumed was recorded as Goodwill. The Goodwill associated with our acquisition includes the acquired assembled work force, and the value associated with the opportunity to leverage the workforce to continue to grow by adding additional customer relationships or new solutions in the future. Based on management's valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, Goodwill of approximately $30.1 million was recorded. The total Goodwill arising from the acquisition is included in the GovDeals reportable segment and reporting unit and is not deductible for tax purposes.

The known intangible assets acquired were determined to consist of, and fair valued at, the following:


(in thousands)	Useful Life (in years)	Fair Value
Contract intangibles	8	$	13,900
Developed software	3		2,200
Trade name	3		400
Total identifiable intangible assets		$	16,500

Contract Intangibles

We recorded contract intangibles separately from goodwill based upon determination of the length, strength, and contractual nature of the relationship that Bid4Assets shared with its suppliers. We valued the contract intangibles using the multi-period excess earnings method, an income approach valuation model. The significant assumptions used in the income approach includes estimates about future expected cash flows from supplier contracts, the attrition rate, and the discount rate. We are amortizing the contract intangibles, valued at $13.9 million, on a straight-line basis over a useful life of eight years, which is materially consistent with the expected pattern of economic benefit.

Developed Software

Developed software primarily consists of intellectual property of the Bid4Assets e-commerce marketplace and associated mailing lists. We valued the developed software by applying the relief-from-royalty method, an income approach valuation model. The significant assumptions used in the relief-from-royalty method include estimates about future expected cash flows from the developed software, the royalty rate, the obsolescence factor and the discount rate. We are amortizing the acquired developed technology, valued at $2.2 million, on a straight-line basis over a useful life of three years, which is materially consistent with the expected pattern of economic benefit.

Trade Name

We valued the trade name acquired using a relief-from-royalty method. The significant assumptions used in the relief-from-royalty method include future expected cash flows from the trade name, the royalty rate, and the discount rate. We are amortizing the trade name, valued at $0.4 million, on a straight-line basis over a useful life of three years, which is materially consistent with the expected pattern of economic benefit.

Contingent Consideration

During the year ended September 30, 2022, and as a result of the acquisition of Bid4Assets, the Company recorded contingent consideration in the amount of $28.0 million on its Consolidated Balance Sheets. Through and as of the final measurement period ended December 31, 2022, $3.5 million in earn-out payments were made. See further discussion of this matter within Note 14 - Fair Value Measurement.

Other Information

Revenue, net income (loss), and pro forma information related to the Bid4Assets acquisition was immaterial to the consolidated financial statements and its related notes for the years ended September 30, 2024, 2023, and 2022.

Goodwill - Narrative (Details) - USD ($)	12 Months Ended
Goodwill - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Accumulated goodwill impairment loss	$ 168,600,000	$ 168,600,000
Impairment of long-lived assets	0	$ 0	$ 0
GovDeals \| Bid4Assets Acquisition
Segment Reporting Information [Line Items]
Increase in goodwill balance			$ 30,100,000
GovDeals \| Sierra Acquisition
Segment Reporting Information [Line Items]
Increase in goodwill balance	$ 7,900,000

Property and Equipment

12 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

6. Property and Equipment

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


	September 30,
	2024			2023
	(in thousands)
Computers and purchased software	$	2,351		$	2,151
Developed software for internal-use		30,341			25,820
Equipment		10,177			9,337
Leasehold improvements		4,182			2,979
Building		2,203			2,158
Furniture and fixtures		391			413
Vehicles		1,536			1,383
Land		754			754
Construction in progress		3,030			2,249
Total property and equipment		54,965			47,244
Less: Accumulated depreciation and amortization		(37,004	)		(30,088	)
Total property and equipment, net	$	17,961		$	17,156

Depreciation and amortization expense related to property and equipment for the years ended September 30, 2024, 2023, and 2022, was $8.1 million, $7.4 million, and $6.5 million, respectively. Included in those amounts is amortization of internally developed software for internal use of $6.0 million, $5.6 million, and $4.7 million, respectively.

The Company did not record impairment charges on material property and equipment during the years ended September 30, 2024, 2023, and 2022.

Sierra Acquisition	12 Months Ended
Sierra Acquisition	Sep. 30, 2024
Sierra Acquisition
Business Acquisition [Line Items]
Acquisition	4. Sierra Acquisition On January 1, 2024, the Company acquired all the issued and outstanding equity securities associated with Sierra Auction Management, Inc. (Sierra), a full-service auction company specializing in the sale of vehicles, equipment and surplus assets for government agencies, commercial businesses, and charities. Total preliminary purchase consideration was approximately $13.7 million paid in cash. As of September 30, 2024, the Company's purchase price allocation related to this acquisition is preliminary and subject to revision as additional information is obtained about the facts and circumstances that existed as of the acquisition date. In connection with its acquisition of Sierra, the Company preliminarily recorded the fair value of acquired supplier relationships and trade name assets for $5.1 million and $0.3 million, respectively, and goodwill of $7.9 million. The supplier relationships and trade name will be amortized on a straight-line basis over a useful life of six and three years, respectively. The total goodwill arising from the acquisition is included in the GovDeals reportable segment and is deductible for tax purposes. Sierra's financial results are reported within the GovDeals reportable segment. Revenue, net income (loss), and pro forma information related to the Sierra acquisition was immaterial to the consolidated financial statements and its related notes for the year ended September 30, 2024.

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Provision For Income Taxes of Continuing Operations

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


	Year Ended September 30,
	2024		2023		2022
	(in thousands)
Current tax provision (benefit):
U.S. Federal	$	710	$	—	$	—
State		1,105		1,179		487
Foreign		131		282		555
		1,946		1,461		1,042
Deferred tax provision (benefit):
U.S. Federal		3,811		5,251		4,962
State		1,468		1,280		1,275
Foreign		44		47		50
		5,323		6,578		6,287
Total provision (benefit)	$	7,269	$	8,039	$	7,329

Schedule of Significant Components of Deferred Tax Assets And Liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows:


	September 30,
	2024			2023
	(in thousands)
Deferred tax assets:
Net operating losses—Foreign	$	17,605		$	16,403
Net operating losses—U.S.		5,974			14,581
Accrued vacation and bonus		862			831
Inventory capitalization		543			486
Inventory reserves		1			243
Allowance for doubtful accounts		422			363
Stock compensation expense		4,354			3,288
Operating lease liabilities		3,488			3,552
Other		488			386
Total deferred tax assets before valuation allowance		33,737			40,133
Less: valuation allowance		(17,193	)		(16,029	)
Net deferred tax assets		16,544			24,104
Deferred tax liabilities:
Amortization of intangibles		1,835			2,666
Amortization of goodwill		8,203			7,964
Depreciation		1,050			1,004
Capitalized costs		141			1,440
Operating/right of use assets		2,933			3,365
Pension liability		654			615
Total deferred tax liabilities	$	14,816		$	17,054
Net deferred taxes	$	1,728		$	7,050

Schedule of Reconciliation Of U.S. Federal Statutory Rate To Effective Rate for Continuing Operations

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


	Year Ended September 30,
	2024			2023			2022
U.S. statutory rate		21.0	%		21.0	%		21.0	%
Stock-based stock compensation expense		(3.2	)%		(1.3	)%		(2.0	)%
Nondeductible compensation expense		1.2	%		0.5	%		2.0	%
Fair value adjustments of acquisition earn-outs		—	%		—	%		(10.8	)%
Other permanent items		0.4	%		0.1	%		(0.4	)%
State taxes		7.9	%		7.8	%		3.3	%
Net foreign rate differential		0.2	%		—	%		0.1	%
Unrecognized tax benefits		—	%		(0.5	)%		—	%
Change in valuation allowance		4.3	%		1.4	%		(3.3	)%
Write-down of deferred tax assets on share-based stock compensation		0.9	%		0.2	%		0.5	%
Write-down of deferred tax assets on net operating loss		(4.1	)%		(0.8	)%		4.2	%
Other		(1.9	)%		(0.7	)%		0.8	%
Effective rate		26.7	%		27.7	%		15.4	%

Schedule of Reconciliation Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):


	Year Ended September 30,
	2024		2023			2022
Beginning balance at October 1		—	$	143		$	143
Additions based on positions related to the current year		—		—			—
Additions for tax positions of prior years		—		—			—
Reductions for tax positions of prior years		—		(143	)		—
Settlements		—		—			—
Balance at September 30		—		—		$	143

Summary of Significant Accounting Policies - Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Accounting Policies [Abstract]
Bad debt allowance	$ 1,680	$ 1,424

Fair Value Measurement

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurement

14. Fair Value Measurement

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


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

Cash and cash equivalents. The Company had $67.2 million and $51.4 million of money market funds considered cash equivalents as of September 30, 2024 and 2023, respectively. These assets were measured at fair value as of September 30, 2024, and 2023, and were classified as Level 1 assets within the fair value hierarchy. There were no transfers between levels during the periods presented.

Short-term investments. The Company had $2.3 million and $7.9 million of guaranteed investment certificates considered investments as of September 30, 2024 and 2023, respectively. As these investments have maturity dates of 12 months or less from the balance sheet date, they have been classified as short-term in nature. These assets were measured at fair value as of September 30, 2024, and 2023, and were classified as Level 1 assets within the fair value hierarchy. There were no transfers between levels during the periods presented.

Contingent consideration. During the year ended September 30, 2022, and as a result of the acquisition of Bid4Assets, the Company recorded fair value of contingent consideration in the amount of $28.0 million on its Consolidated Balance Sheets as of the acquisition date. The contingent consideration is based on Bid4Assets' achievement of trailing twelve-month EBITDA targets measured at the end of each calendar quarter until the quarter ended December 31, 2022.

The Company's initial estimate of the fair value of the earn-out consideration was informed by the Monte Carlo valuation method and considered potential outcomes based upon the terms and conditions of the merger agreement. The fair value measurements utilized were classified as Level 3 assets within the fair value hierarchy under the provisions of ASC 820, Fair Value Measurements, and ASC 805, Business Combinations. The significant unobservable inputs used in the fair value measurement categorized within Level 3 of the fair value hierarchy included estimated results of operations over the earn-out period, volatility of operating results (expense components ranged from 20% to 55%), and the discount rate (13%). The earn-out consideration was valued at approximately $28.0 million as of the acquisition date. Fair value of the earn-out consideration was remeasured at the end of each calendar quarter until December 31, 2022.

The changes in earn-out liability measured at fair value for which the Company has used Level 3 inputs to determine fair value during the year ended September 30, 2022, was as follows (in thousands):


	Contingent Consideration
Balance at September 30, 2021	$	—
Earn-out from business acquisition		26,900
Measurement period adjustment		1,100
Payment of achieved earn-out threshold		(3,500	)
Change in fair value		(24,500	)
Balance at September 30, 2022	$	—

During the year ended September 30, 2022, the Company recorded a measurement period adjustment of $1.1 million for the preliminary earn-out consideration fair value with a corresponding increase to goodwill, based on facts and circumstances in existence as of the effective date of the acquisition related to the discount rates associated with the expected earn-out payments. Based on results as of March 31, 2022, Bid4Assets achieved a trailing twelve-month EBITDA threshold resulting in a $3.5 million payment made by the Company to the former shareholders of Bid4Assets.

During the twelve months ended September 30, 2022, the fair value of the earn-out liability was reduced by $24.5 million, such that no amount of fair value was determined present as of September 30, 2022. This reduction was due to a decline in the auction events and transactions that were expected to be completed during the earn-out period ended December 31, 2022, which included extended timelines to advance legislation that allows for online auctions of foreclosed real estate in certain target markets, and other client specific delays in bringing foreclosed real estate to auction. These changes resulted from events occurring subsequent to the November 1, 2021, acquisition date and therefore, were not known nor knowable at that time. These changes in fair value were recorded as a gain within Fair value adjustment of acquisition earn-outs in the Consolidated Statements of Operations.

Other Information. When valuing its Level 3 liability, management's estimation of fair value is based on the best information available in the circumstances and may incorporate management's own assumptions around market demand which could involve a level of judgment, taking into consideration a combination of internal and external factors.

The Company’s financial assets and liabilities not measured at fair value are cash, short-term investments, accounts receivable, accounts payable, and payables to sellers. The Company believes the carrying values of these instruments approximate fair value.

As of September 30, 2024, 2023, and 2022, the Company did not have any material assets or liabilities measured at fair value on a non-recurring basis.

- 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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

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+ Details

Equity Transactions - Stock Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	$ 11,087	$ 8,191	$ 8,481
Stock options
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	2,329	2,002	2,673
RSUs & RSAs
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	8,758	6,233	5,912
Stock Options and RSUs and RSAs
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	11,087	8,235	8,585
SARs
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock compensation expense	$ 0	$ (44)	$ (104)

Segment Information - Schedule of Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Total revenue	$ 363,318	$ 314,462	$ 280,050
Total Segment direct profit	185,166	172,140	160,643
Operating Segments \| GovDeals
Segment Reporting Information [Line Items]
Total revenue	76,557	62,010	59,352
Total Segment direct profit	71,727	58,810	56,408
Operating Segments \| RSCG
Segment Reporting Information [Line Items]
Total revenue	233,003	200,218	166,100
Total Segment direct profit	66,873	68,068	63,704
Operating Segments \| CAG
Segment Reporting Information [Line Items]
Total revenue	37,668	38,476	42,575
Total Segment direct profit	31,268	32,215	29,120
Operating Segments \| Machinio
Segment Reporting Information [Line Items]
Total revenue	16,157	13,821	12,083
Total Segment direct profit	15,364	13,110	11,471
Corporate & Other
Segment Reporting Information [Line Items]
Total revenue	(66)	(62)	(60)
Total Segment direct profit	(66)	(62)	(60)
Purchase revenues
Segment Reporting Information [Line Items]
Total revenue	209,800	172,089	151,271
Purchase revenues \| Operating Segments \| GovDeals
Segment Reporting Information [Line Items]
Total revenue	191	0	0
Purchase revenues \| Operating Segments \| RSCG
Segment Reporting Information [Line Items]
Total revenue	201,034	161,780	134,092
Purchase revenues \| Operating Segments \| CAG
Segment Reporting Information [Line Items]
Total revenue	8,575	10,309	17,179
Purchase revenues \| Operating Segments \| Machinio
Segment Reporting Information [Line Items]
Total revenue	0	0	0
Purchase revenues \| Corporate & Other
Segment Reporting Information [Line Items]
Total revenue	0	0	0
Consignment and other fee revenues
Segment Reporting Information [Line Items]
Total revenue	153,518	142,373	128,779
Consignment and other fee revenues \| Operating Segments \| GovDeals
Segment Reporting Information [Line Items]
Total revenue	76,366	62,010	59,352
Consignment and other fee revenues \| Operating Segments \| RSCG
Segment Reporting Information [Line Items]
Total revenue	31,969	38,438	32,007
Consignment and other fee revenues \| Operating Segments \| CAG
Segment Reporting Information [Line Items]
Total revenue	29,093	28,167	25,396
Consignment and other fee revenues \| Operating Segments \| Machinio
Segment Reporting Information [Line Items]
Total revenue	16,157	13,821	12,083
Consignment and other fee revenues \| Corporate & Other
Segment Reporting Information [Line Items]
Total revenue	$ (66)	$ (62)	$ (60)

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash paid for amounts included in operating lease liabilities	$ 4,667	$ 4,754
Cash paid for amounts included in finance lease liabilities	100	101
Non-cash: lease liabilities arising from new operating lease assets obtained	5,695	725
Non-cash: lease liabilities arising from new finance lease assets obtained	57	0
Non-cash: adjustments to lease assets and liabilities	$ 395	$ 418

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Operating activities
Net income	$ 19,991	$ 20,978	$ 40,324
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,120	11,255	10,322
Change in fair value of earn-out liability	(0)	(0)	(24,500)
Stock compensation expense	11,087	8,191	8,482
Inventory adjustment to net realizable value	163	1,048	194
Provision for doubtful accounts	839	1,390	136
Deferred tax expense (benefit)	5,323	6,578	6,287
Impairment of long-lived and other non-current assets	0	0	31
(Gain) loss on disposal of property and equipment	(14)	(36)	(14)
Gain on disposal of lease assets	0	0	(240)
Changes in operating assets and liabilities:
Accounts receivable	(4,269)	2,725	(6,290)
Inventory	4,949	(479)	441
Prepaid taxes and tax refund receivable	264	(152)	82
Prepaid expenses and other assets	(3,036)	(1,166)	(1,805)
Operating lease assets and liabilities	1,447	(228)	396
Accounts payable	8,374	(2,889)	1,548
Accrued expenses and other current liabilities	4,212	277	(2,653)
Deferred revenue	87	262	(185)
Payables to sellers	8,684	(581)	13,000
Other liabilities	0	(157)	(723)
Net cash provided by operating activities	70,221	47,016	44,833
Investing activities
Purchases of property and equipment, including capitalized software	(8,907)	(5,386)	(8,121)
Purchase of short-term investments	(2,264)	(8,037)	(1,820)
Maturities of short-term investments	8,161	1,923	0
Cash paid for business acquisition, net of cash acquired	(13,157)	0	(11,164)
Other investing activities, net	54	68	21
Net cash used in investing activities	(16,113)	(11,432)	(21,084)
Financing activities
Payments of the principal portion of finance lease liabilities	(89)	(101)	(99)
Payments of debt issuance costs	0	0	(91)
Proceeds from exercise of common stock options, net of tax	598	496	0
Taxes paid associated with net settlement of stock compensation awards	(2,254)	(1,262)	(2,806)
Payment of earn-out liability related to business acquisition	0	0	(3,500)
Common stock repurchases	(9,426)	(21,198)	(25,447)
Net cash used in financing activities	(11,171)	(22,065)	(31,943)
Effect of exchange rate differences on cash and cash equivalents	8	640	(2,019)
Net increase (decrease) in cash and cash equivalents	42,945	14,159	(10,213)
Cash and cash equivalents at beginning of year	110,281	96,122	106,335
Cash and cash equivalents at end of year	153,226	110,281	96,122
Supplemental disclosure of cash flow information
Cash paid for income taxes, net	1,710	1,590	885
Non-cash: Common stock surrendered in the exercise of stock options	$ 397	$ 200	$ 479