XML 25 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]      
Net sales $ 7,105,160 $ 6,418,311 $ 4,376,670
Cost of products sold 5,368,605 4,824,990 3,300,731
Gross profit 1,736,555 1,593,321 1,075,939
Operating expense:      
Selling, general and administrative 1,311,043 1,187,192 743,376
Depreciation 70,695 60,318 34,002
Amortization 207,065 141,185 82,465
Total operating expense 1,588,803 1,388,695 859,843
Income (loss) from operations 147,752 204,626 216,096
Interest expense, financing costs, and other 158,534 136,544 52,751
Income (loss) before provision for income taxes (10,782) 68,082 163,345
Provision for (benefit from) income taxes [1] (170) (30,544) 62,481
Net income (loss) (10,612) 98,626 100,864
Dividends on preferred shares [2] 24,000 18,000 0
Net income (loss) attributable to common shareholders $ (34,612) $ 80,626 $ 100,864
Weighted-average common stock outstanding:      
Basic 68,424,288 68,012,879 60,315,648
Diluted 68,424,288 69,191,039 61,344,263
Net income (loss) per share:      
Basic [3] $ (0.51) $ 1.07 $ 1.67
Diluted [3] $ (0.51) $ 1.05 $ 1.64
[1] Year ended September 30, 2018 amounts include a net tax benefit $49.2 million resulting from recording the provisional impact of the enactment of the 2017 Tax Cuts and Jobs Act (“TCJA”).
[2] Year ended September 30, 2019 amount is composed of $5.0 million in undeclared cumulative Preferred Stock dividends, as well as an additional $19.0 million of Preferred Stock dividends that had been declared and paid as of period end. Year ended September 30, 2018 amount is composed of $5.0 million in undeclared cumulative Preferred Stock dividends, as well as an additional $13.0 million of Preferred Stock dividends that had been declared and paid as of period end. See Note 3 for further discussion.
[3] See Note 5 for detailed calculations and further discussion.