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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 24,758 $ 83,257
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 83,707 80,056
Write off of Deferred Debt Issuance Cost 1,333 1,795
Amortization of deferred financing fees (includes $1,333 and $1,795 write off of deferred financing fees) 2,814 3,504
Deferred income taxes 994 (1,422)
Share-based compensation 10,461 8,504
Loss on sale of property, plant and equipment 2,456 767
Loss (gain) on sale of business   (68,051)
Foreign currency exchange gains on intercompany loans and other non-cash items (4,628) (2,438)
Changes in assets and liabilities    
Accounts receivable 18,931 8,685
Inventories (18,261) (25,523)
Contract assets 12,059 (1,486)
Prepaids and other current assets (21,869) 1,359
Accounts payable (10,587) 8,938
Accrued expenses and other liabilities 23,065 (1,738)
Contract liabilities 9,337 (7,893)
Income taxes (2,489) 1,620
Other non‑current assets and liabilities (28,083) 12,528
Net cash provided by operating activities 102,858 100,667
Investing activities    
Purchase of property, plant and equipment (54,147) (65,924)
Purchase of intangibles (1,206) (708)
Proceeds from sale of property, plant and equipment 1,108 379
Proceeds from sale of business, net of cash of $0 and $12,117   118,894
Acquisitions (21,059) (10,884)
Net cash (used in) provided by investing activities (74,407) 41,757
Financing activities    
Issuance of debt, net of deferred issuance costs 747,877 12,859
Borrowings under credit facility 0 2,597
Repayment of debt (837,082) (113,572)
Repayment of finance lease obligation (10,173) (9,988)
Payment of earn-out related to previous acquisitions 0 (175)
Proceeds from issuance of common stock 18,096 9,596
Taxes paid related to net share settlements of share-based compensation awards (1,315) (9,828)
Distribution to non‑controlling interest (450) (1,850)
Net cash used in financing activities (83,047) (110,361)
Effect of exchange rate changes on cash 3,119 793
Change in cash and cash equivalents (51,477) 32,856
Cash and cash equivalents    
Beginning of period 193,001 109,881
End of period 141,524 142,737
Supplemental disclosure of cash flow information    
Cash paid for taxes 7,536 3,865
Cash paid for interest 20,643 31,200
Non‑cash investing and financing activities    
Finance lease transactions 12,300 8,401
Operating lease transactions 11,699 12,085
Purchase Right $ 0 $ 7,167