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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net earnings $ 53,373 $ 49,120
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 32,451 38,642
Impairment of assets held for sale 37,902  
Net loss (gain) on sales of assets [1] (13,547) 79
Stock-based compensation 10,982 10,851
Deferred income taxes (47) (4,181)
Changes in operating assets and liabilities:    
Trade accounts receivable 37,652 52,851
Unbilled receivables (contract assets) (33,150) (4,705)
Costs to fulfill a contract (6,401) (7,293)
Inventories (17,065) (32,393)
Accounts payable and accrued liabilities (79,535) (38,145)
Contract liabilities (144) 10,050
Income taxes 1,001 8,581
Retirement benefit obligations (1,490) (926)
Other 5,463 2,181
Net cash provided by operating activities 27,445 84,712
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (17,232) (31,346)
Proceeds from sale of assets 18,809 249
Proceeds from sales of short-term investments   27
Payments for purchases of short-term investments (2) (947)
Net cash provided by (used in) investing activities 1,575 (32,017)
Cash flows from financing activities:    
Cash dividends paid (10,064) (8,808)
Proceeds from sales of treasury stock 7,558 3,384
Borrowings on revolving lines of credit and short-term borrowings 461,633 542,847
Payments on revolving lines of credit and short-term borrowings (441,500) (501,218)
Payments of long-term debt and finance lease obligations (439) (100,132)
Net cash provided by (used in) financing activities 17,188 (63,927)
Effect of exchange rate changes on cash and cash equivalents 2,727 (728)
Net change in cash and cash equivalents 48,935 (11,960)
Cash and cash equivalents, including restricted cash, at beginning of year 99,073 83,594
Cash and cash equivalents, including restricted cash, at end of year $ 148,008 $ 71,634
[1] Included in net (gain) loss on sale of assets for the first quarter of fiscal year 2020 was the pre-tax gain on sale of Duarte real property in the amount of $13,522.