XML 80 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating activities    
Net income (loss) $ 53,506 $ (16,288)
Reconciliation of net income (loss) to cash flows provided by operating activities:    
Depreciation and amortization 25,143 23,090
Amortization of debt related costs 701 556
Deferred income taxes (679) (766)
Share-based compensation 3,680 4,525
Loss (gain) on sale of property, plant and equipment 173 (100)
Gain on sale of business (58,279) 0
Foreign currency exchange (gains) losses on intercompany loans and other non-cash items (6,086) 4,661
Changes in assets and liabilities    
Accounts receivable 11,087 12,995
Inventories (14,613) (20,502)
Contract assets 3,042 7,220
Prepaids and other current assets (631) 5,988
Accounts payable (11,056) (9,143)
Accrued expenses and other liabilities (9,378) (15,394)
Contract liabilities 4,651 12,012
Income taxes 1,388 (4,503)
Other non‑current assets and liabilities 2,083 (217)
Net cash provided by operating activities 4,732 4,134
Investing activities    
Purchase of property, plant and equipment (17,572) (17,569)
Purchase of intangibles (210) (341)
Proceeds from sale of property, plant and equipment 251 237
Proceeds from sale of business, net of cash of $12,117 108,921 0
Acquisitions, net of $0 cash received (11,160) 0
Net cash provided by (used in) investing activities 80,230 (17,673)
Financing activities    
Issuance of debt, net of deferred issuance costs 3,532 4,022
Borrowings under credit facility 13 15,000
Repayment of debt (3,793) (17,891)
Repayment of capital lease obligation (4,162) (3,285)
Payment of earn-out related to previous acquisitions (175) 0
Proceeds from issuance of common stock 4,046 68
Taxes paid related to net share settlements of share-based compensation awards 0 (15)
Cash paid for interest rate cap 0 (2,235)
Distribution to non‑controlling interest (1,250) (600)
Net cash used in financing activities (1,789) (4,936)
Effect of exchange rate changes on cash 1,849 (724)
Change in cash and cash equivalents 85,022 (19,199)
Cash and cash equivalents    
Beginning of period 109,881 82,365
End of period 194,903 63,166
Supplemental disclosure of cash flow information    
Cash paid for taxes 1,382 1,037
Cash paid for interest 12,268 13,323
Non‑cash investing and financing activities    
Finance lease transactions 1,782 2,584
Operating lease transactions 4,734 0
Option and Purchase Right $ 7,673 $ 0