XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Operating activities:      
Net income $ 46,444 $ 33,935 $ 23,243
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 31,814 30,930 28,906
Loss on impairment of long-lived assets and store closing costs 81 2,102 1,268
(Gain) loss on disposal of property and equipment (34) 10 379
Share-based compensation 3,960 2,829 1,360
Deferred income tax benefit (2,608) (3,955) (1,475)
Non-cash interest expense 4 17 19
Other (7) 160 (0)
Changes in operating assets and liabilities:      
Accounts receivable, net (411) (1,790) 315
Income tax receivable (604) 252 378
Merchandise inventory (12,296) (1,412) (5,504)
Prepaid expenses and other assets (5,516) (1,069) (128)
Operating lease assets 33,592 33,446 33,067
Operating lease liabilities (34,432) (34,197) (33,899)
Accounts payable (6,086) 10,039 10,350
Accrued expenses 1,389 2,783 6,327
Net cash provided by operating activities 55,304 73,760 64,606
Investing activities:      
Acquisition of property and equipment (31,201) (37,541) (36,568)
Acquisition of other intangibles (178) (1,139) (1,525)
Proceeds from sale of property and equipment 93 37 107
Proceeds from property insurance settlements 315 43 36
Net cash used in investing activities (30,971) (38,600) (37,950)
Financing activities:      
Borrowings under revolving loans 666,200 604,200 531,100
Repayments under revolving loans (666,200) (604,200) (531,100)
Repayments under term loan 0 (7,688) (8,000)
Finance lease obligation payments (3,825) (3,610) (2,779)
Dividends to shareholders (11,009) (31,866) (9,089)
Repurchase of common stock 0 0 (181)
Payments of deferred financing costs 0 (18) 0
Payments on withholding tax for restricted stock unit vesting (1,254) (1,449) (304)
Net cash used in financing activities (16,088) (44,631) (20,353)
Net increase (decrease) in cash and cash equivalents 8,245 (9,471) 6,303
Cash and cash equivalents, beginning of year 8,871 18,342 12,039
Cash and cash equivalents, end of year 17,116 8,871 18,342
Supplemental disclosures of cash flow information:      
Cash paid for interest 1,181 2,216 1,305
Cash paid for interest on financing lease obligations, net of capitalized interest of $252, $338 and $318, respectively 1,940 1,939 2,002
Income taxes paid 15,911 13,581 5,048
Supplemental disclosures of non-cash investing and financing activities:      
Acquisition of property and equipment not yet paid 2,373 3,679 6,016
Acquisition of other intangibles not yet paid 10 22 3
Lease assets obtained in exchange for new operating lease obligations 18,412 22,317 15,274
Lease assets obtained in exchange for new finance lease obligations $ 7,419 $ (45) $ 5,724