XML 14 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 4,201 $ 4,241
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,560 3,482
Amortization of deferred financing fees 31 31
Losses on disposals of property, plant and equipment 1 0
Stock-based compensation 52 0
Deferred income taxes (172) 1,450
Changes in assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (295) (365)
Inventories (1,987) (146)
Prepaid expenses and other current assets (56) 658
Other non-current assets 4 (2)
Accounts payable 1,202 (853)
Accrued expenses (1,411) (1,558)
Other non-current liabilities (258) 4
Net cash provided by operating activities 4,872 6,942
Cash flows from investing activities:    
Purchases of property, plant and equipment (1,297) (2,079)
Acquisitions of businesses 0 (19,026)
Net cash used in investing activities (1,297) (21,105)
Cash flows from financing activities:    
Proceeds from debt 2,500 20,000
Payments on debt (6,500) (3,500)
Proceeds from issuances of common stock 21 14
Purchases of common stock for treasury 0 (1,604)
Net cash provided by (used in) financing activities (3,979) 14,910
Effect of exchange rate changes on cash (69) (18)
Net increase (decrease) in cash (473) 729
Cash at beginning of period 6,803 [1] 4,615
Cash at end of period $ 6,330 $ 5,344
[1] The condensed consolidated balance sheet as of September 30, 2016 has been prepared using information from the audited financial statements at that date.