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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income (loss) $ 83,257 $ (10,425)
Reconciliation of net income (loss) to cash flows provided by operating activities:    
Depreciation and amortization 80,056 71,397
Amortization of debt related costs (includes $1,795 and $0 write off of deferred financing fees) 3,504 1,916
Deferred income taxes (1,422) (4,115)
Share-based compensation 8,504 14,248
Loss (gain) on sale of property, plant and equipment 767 (588)
Gain on sale of business (68,051) 0
Foreign currency exchange losses on intercompany loans and other non-cash items (2,438) 4,002
Changes in assets and liabilities    
Accounts receivable 8,685 7,495
Inventories (25,523) (17,664)
Contract assets (1,486) (6,912)
Prepaids and other current assets 1,359 7,260
Accounts payable 8,938 (2,819)
Accrued expenses and other liabilities (19,919) (19,578)
Contract liabilities (7,893) 13,051
Income taxes 1,620 (6,786)
Other non‑current assets and liabilities 12,528 3,875
Net cash provided by operating activities 82,486 54,357
Investing activities    
Purchase of property, plant and equipment (65,924) (63,948)
Purchase of intangibles (708) (4,775)
Proceeds from sale of property, plant and equipment 379 2,860
Proceeds from sale of business, net of cash of $12,117 118,894 0
Acquisitions, net of cash received of $0 and $2,073 (10,884) (2,811)
Net cash provided by (used in) investing activities 41,757 (68,674)
Financing activities    
Issuance of debt, net of deferred issuance costs 12,859 15,965
Borrowings under credit facility 2,597 230,000
Repayment of debt (113,572) (238,908)
Repayment of finance lease obligation (9,988) (9,273)
Payment of earn-out related to previous acquisitions (175) (461)
Proceeds from issuance of common stock 17,949 341
Taxes paid related to net share settlements of share-based compensation awards 0 (1,248)
Cash paid for interest rate cap 0 (2,235)
Distribution to non‑controlling interest (1,850) (750)
Net cash used in financing activities (92,180) (6,569)
Effect of exchange rate changes on cash 793 (357)
Change in cash and cash equivalents 32,856 (21,243)
Cash and cash equivalents    
Beginning of period 109,881 82,365
End of period 142,737 61,122
Supplemental disclosure of cash flow information    
Cash paid for taxes 3,865 8,731
Cash paid for interest 31,200 39,409
Non‑cash investing and financing activities    
Finance lease transactions 8,401 11,788
Operating lease transactions 12,085 0
Option and Purchase Right $ 7,167 $ 0