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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 14,626 $ 30,549
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 14,541 13,472
Amortization of deferred debt issuance costs 2,911 4,123
Bad debt and sales return reserve 519 (357)
Stock-based compensation expense 3,688 5,287
Inventory provision 4,820 5,345
Deferred income taxes 581 562
Other non-cash items 367 11
Subtotal 42,053 58,992
Changes in assets and liabilities:    
Accounts receivable (30,962) (19,601)
Income taxes receivable 1,091 (6,160)
Inventories (66,582) (68,068)
Prepaid expenses and other assets (2,500) (2,653)
Accounts payable 9,682 (780)
Accrued expenses and other liabilities 6,034 721
Income taxes payable 5,275 3,786
Net cash used in operating activities (35,909) (33,763)
Cash flows from investing activities    
Purchase of property and equipment (2,909) (4,209)
Net cash used in investing activities (2,909) (4,209)
Cash flows from financing activities    
Proceeds from short-term borrowings 60,000 50,000
Repayment of short-term borrowings (34,000) (12,000)
Repayment of long-term debt (10,000) (11,344)
Debt issuance costs (1,900) (12,739)
Repayment of capital lease obligations (1,346) (676)
Net proceeds from exercise of stock options 34 2,965
Settlement on restricted stock tax withholding (100) 0
Net cash provided by financing activities 12,688 16,206
Effect of foreign currency exchange rate on cash and cash equivalents 428 (1,325)
Net decrease in cash and cash equivalents (25,702) (23,091)
Cash and cash equivalents, beginning of period 61,625 77,061
Cash and cash equivalents, end of period $ 35,923 $ 53,970