XML 20 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Operating activities      
Net income $ 7,884 $ 6,410 $ 13,031
Reconciliation of net income to cash flows from operating activities:      
Depreciation and amortization 85,860 77,886 69,289
Amortization of deferred financing costs (includes $5,575, $3,094 and $5,484 write off of deferred financing fees) 8,073 8,511 4,121
Deferred income taxes (6,232) 1,273 (21,215)
Share-based compensation 15,742 2,251 1,999
(Gain) loss on sale of property, plant and equipment (6,750) 1,230 (11,120)
Foreign currency losses (gains) on intercompany loans 5,766 (5,625) 51
Changes in assets and liabilities      
Accounts receivable (3,139) (44,047) (3,973)
Inventories (12,051) (5,948) 2,484
Cost and earnings in excess of billings on uncompleted contracts (3,544) (17,296) (15,258)
Prepaids and other current assets (3,773) (2,971) 1,326
Accounts payable 24,945 4,707 15,682
Accrued expenses and other liabilities (22,851) (2,243) (31,446)
Billings in excess of costs incurred (9,254) 1,301 (13,389)
Income taxes 2,777 6,656 4,329
Other non‑current assets and liabilities (2,436) (3,593) 16,008
Net cash provided by operating activities 81,017 28,502 31,919
Investing activities      
Purchase of property, plant and equipment (80,713) (57,775) (47,728)
Purchase of intangibles (1,950) (4,914) (248)
Proceeds from sale of property, plant and equipment 21,641 5,422 5,191
Proceeds from sale of business 430 0 4,547
Acquisitions, net of cash received of $27, $209 and $11,486 (146,443) (77,628) (306,372)
Net cash used in investing activities (207,035) (134,895) (344,610)
Financing activities      
Issuance of debt, net of deferred issuance costs 155,270 415,602 178,704
Borrowings under credit facility 129,000 131,000 81,000
Repayment of debt (242,470) (423,418) (74,461)
Repayment of capital lease obligation (10,474) (7,962) (7,683)
Payment of earn-out related to previous acquisitions (5,528) 0 0
Proceeds from capital contribution 0 0 6,895
Proceeds from issuance of common stock 137,605 5,521 10,282
Taxes paid related to net share settlements of share-based compensation awards (8,807) 0 0
Stock repurchases (230) (1,474) (723)
Distribution to non‑controlling interest (3,725) (4,750) (2,625)
Net cash provided by financing activities 150,641 114,519 191,389
Effect of exchange rate changes on cash (1,512) 766 2,637
Change in cash and cash equivalents 23,111 8,892 (118,665)
Cash and cash equivalents      
Beginning of period 59,254 50,362 169,027
End of period 82,365 59,254 50,362
Supplemental disclosure of cash flow information      
Cash paid for taxes 4,450 3,017 3,964
Cash paid for interest 43,596 43,426 36,750
Non‑cash investing and financing activities      
Accrued earn-out related to acquisitions 1,570 7,479 650
Capital lease transactions 10,595 15,513 8,378
Landlord incentives 0 1,700 0
Cloud computing related intangible transaction $ 0 $ 5,544 $ 0