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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net income $ 6,477 $ 53,506
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 27,391 25,143
Amortization of deferred financing fees 526 701
Deferred income taxes 258 (679)
Share-based compensation 3,019 3,680
Loss on sale of property, plant and equipment 19 173
Gain on sale of business 0 (58,279)
Foreign currency exchange gains on intercompany loans and other non-cash items (6,459) (6,086)
Changes in assets and liabilities    
Accounts receivable 18,083 11,087
Inventories (11,551) (14,613)
Contract assets 21,458 3,042
Prepaids and other current assets (465) (631)
Accounts payable (12,652) (11,056)
Accrued expenses and other liabilities (32,356) (9,378)
Contract liabilities 8,010 4,651
Income taxes (1,271) 1,388
Other non‑current assets and liabilities (4,873) 2,083
Net cash provided by operating activities 15,614 4,732
Investing activities    
Purchase of property, plant and equipment (17,260) (17,572)
Purchase of intangibles (81) (210)
Proceeds from sale of property, plant and equipment 127 251
Proceeds from Divestiture of Businesses, Net of Cash Divested 0 108,921
Acquisitions (8,743) (11,160)
Net cash (used in) provided by investing activities (25,957) 80,230
Financing activities    
Issuance of debt, net of deferred issuance costs 7,805 3,532
Borrowings under credit facility 0 13
Repayment of debt (5,723) (3,793)
Repayment of finance lease obligation (3,821) (4,162)
Payment of earn-out related to previous acquisitions 0 (175)
Proceeds from issuance of common stock 14,263 4,046
Distribution to non‑controlling interest (250) (1,250)
Net cash provided by (used in) financing activities 12,274 (1,789)
Effect of exchange rate changes on cash 2,988 1,849
Change in cash and cash equivalents 4,919 85,022
Cash and cash equivalents    
Beginning of period 193,001 109,881
End of period 197,920 194,903
Supplemental disclosure of cash flow information    
Cash paid for taxes 1,334 1,382
Cash paid for interest 7,624 12,268
Non‑cash investing and financing activities    
Finance lease transactions 5,484 1,782
Operating lease transactions 5,954 4,734
Option and Purchase Right   7,673
Cash divested with sale of business $ 0 $ 12,117