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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income (loss) $ 22,743 $ (26,685)
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of acquisition:    
Depreciation and amortization 17,274 17,215
Amortization of seller note discount 1,194 2,762
Loss on disposal of property and equipment 326 0
Amortization of debt issuance costs 84 150
Gain on extinguishment of debt (713) 0
Gain on settlement of earnout liability (2,840) 0
Gain on modification of seller note (22,784) 0
Gain (Loss) On Settlement Of Holdback Liability (1,186) 0
Goodwill impairment 0 18,056
Write-down of holdback 0 (702)
Write-down of inventory 0 750
Stock-based compensation expense 200 325
Loss on disposition of Johnson 0 301
Amortization of right of use assets 4,530 6,789
Change in deferred income taxes 2,888 (6,882)
Change in allowance for doubtful accounts (920) (87)
Change in reserve for obsolete inventory (925) 2,600
Changes in assets and liabilities, net of acquisitions:    
Trade receivables 7,220 (1,499)
Inventories 5,201 4,551
Prepaid expenses and other current assets 542 1,365
Deposits and other assets (777) 460
Accounts payable (2,959) 1,789
Accrued liabilities (1,817) (2,896)
Income taxes payable 1,388 2,249
Net cash provided by operating activities 28,669 20,611
Investing activities:    
Purchases of property and equipment (7,691) (8,472)
Net cash used in investing activities (7,691) (21,480)
Financing activities:    
Net (payments) borrowings under revolver loans (11,485) 3,420
Proceeds from failed sales and leaseback transaction 0 7,869
Cash paid for taxes on net settlement of stock option exercise 0 (20)
Proceeds from issuance of notes payable 496 609
Purchases of common treasury stock (528) (866)
Proceeds from issuance of related party notes payable 1,932 0
Payments on financing leases (4,221) (3,590)
Net borrowings under related party revolver loans 7,015 1,600
Net cash (used in) provided by financing activities (16,748) 1,161
Net increase in cash 4,230 292
Cash, beginning of year 4,601 4,309
Cash, end of year 8,831 4,601
Supplemental cash flow disclosures:    
Interest paid 14,927 14,037
Income taxes paid (received), net 2,143 (22)
Noncash financing and investing activities:    
Noncash in-substance distribution 5,956 0
Noncash settlement of holdback 1,500 0
Noncash stock options exercised 0 94
PMW goodwill adjustment   347
Nonrelated Party    
Financing activities:    
Payments on notes payable and settlement of seller notes (6,956) (6,661)
Payments on related party notes payable (1,000) (1,200)
Related Party    
Financing activities:    
Payments on notes payable and settlement of seller notes (1,932) 0
Payments on related party notes payable (69) 0
CRO acquisition    
Investing activities:    
Acquisition 0 (1,034)
Noncash financing and investing activities:    
Noncash items related to acquisition 0 725
Midwest Grinding Acquisition    
Investing activities:    
Acquisition 0 (1,000)
Central Steel acquisition    
Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of acquisition:    
Write-down of holdback 1,400  
Investing activities:    
Acquisition 0 (10,474)
Noncash financing and investing activities:    
Noncash items related to acquisition 0 3,223
Johnson    
Investing activities:    
Acquisition 0 (500)
Noncash financing and investing activities:    
Noncash items related to acquisition 0 1,501
PMW    
Noncash financing and investing activities:    
PMW goodwill adjustment $ 0 $ 233