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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 15,272 $ 8,336
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,020 15,057
Impairment of long-lived assets and store closing costs 95 105
Loss on disposal of property and equipment 85 0
Share-based compensation 590 487
Deferred income tax expense 107 1,089
Non-cash interest expense 12 11
Changes in operating assets and liabilities:    
Accounts receivable, net 1,062 (477)
Merchandise inventory (6,104) 1,719
Prepaid expenses and other assets (623) (922)
Income tax receivable 0 3,004
Operating lease assets 15,787 15,402
Operating lease liabilities (12,748) (15,861)
Accounts payable 1,712 (7,142)
Accrued expenses (1,686) (3,503)
Net cash provided by operating activities 27,581 17,305
Investing activities:    
Acquisition of property and equipment (10,855) (8,673)
Acquisition of other intangibles (1,586) (926)
Proceeds from sale of property and equipment 16 0
Proceeds from property insurance settlements 130 58
Net cash used in investing activities (12,295) (9,541)
Financing activities:    
Borrowings under revolving facility 4,000 0
Repayments under revolving facility (4,000) 0
Borrowings under term loan facility 0 35,000
Repayments under term loan facility (4,000) (438)
Finance lease obligation payments (1,327) (1,369)
Dividends to shareholders (4,530) (48,288)
Loan fees paid 0 (52)
Payments on withholding tax for restricted stock unit vesting (218) (174)
Net cash used in financing activities (10,075) (15,321)
Net increase (decrease) in cash and cash equivalents 5,211 (7,557)
Cash and cash equivalents, beginning of period 23,678 28,534
Cash and cash equivalents, end of period 28,889 20,977
Supplemental disclosures of cash flow information:    
Cash paid for interest 290 165
Cash paid for interest on finance lease obligations, net of capitalized interest of $146 and $83, respectively 865 910
Income taxes paid 3,721 4,777
Supplemental disclosures of non-cash investing and financing activities:    
Acquisition of property and equipment not yet paid 2,103 4,435
Acquisition of other intangibles not yet paid 354 233
Property acquired through operating lease obligations 6,571 7,287
Property acquired through finance lease obligations $ 4,129 $ 106