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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 11,559 $ 61,416
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 54,607 52,514
Write off of Deferred Debt Issuance Cost 0 1,795
Amortization of deferred financing fees (includes $0 and $1,795 write off of deferred financing fees) 1,044 3,103
Deferred income taxes 476 (1,209)
Share-based compensation 6,233 5,984
Loss on sale of property, plant and equipment 807 170
Loss (gain) on sale of business   (68,051)
Foreign currency exchange (gains) losses on intercompany loans and other non-cash items (3,659) 1,514
Changes in assets and liabilities    
Accounts receivable 36,221 7,256
Inventories (14,091) (17,800)
Contract assets 6,553 (5,377)
Prepaids and other current assets (9,921) (3,715)
Accounts payable (9,799) 6,004
Accrued expenses and other liabilities (9,089) 60
Contract liabilities 9,829 (4,920)
Income taxes (3,948) 2,140
Other non‑current assets and liabilities (13,955) (252)
Net cash provided by operating activities 63,058 38,837
Investing activities    
Purchase of property, plant and equipment (36,297) (38,759)
Purchase of intangibles (539) (622)
Proceeds from sale of property, plant and equipment 640 271
Proceeds from sale of business, net of cash of $0 and $12,117   118,894
Acquisitions (8,743) (11,164)
Net cash (used in) provided by investing activities (44,042) 68,620
Financing activities    
Issuance of debt, net of deferred issuance costs 13,993 8,212
Borrowings under credit facility 0 2,597
Repayment of debt (10,036) (109,333)
Repayment of finance lease obligation (6,901) (6,694)
Payment of earn-out related to previous acquisitions 0 (175)
Proceeds from issuance of common stock 13,430 8,333
Taxes paid related to net share settlements of share-based compensation awards (1,863) (9,817)
Distribution to non‑controlling interest (350) (1,450)
Net cash provided by (used in) financing activities 8,273 (108,327)
Effect of exchange rate changes on cash 2,428 (516)
Change in cash and cash equivalents 29,717 (1,386)
Cash and cash equivalents    
Beginning of period 193,001 109,881
End of period 222,718 108,495
Supplemental disclosure of cash flow information    
Cash paid for taxes 5,457 2,133
Cash paid for interest 14,647 22,953
Non‑cash investing and financing activities    
Finance lease transactions 9,044 4,308
Operating lease transactions 7,993 10,076
Option and Purchase Right $ 0 $ 7,167