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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 13,462 $ 11,559
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 61,156 54,607
Amortization of deferred financing fees (includes $0 and $0 write off of deferred financing fees) 926 1,044
Deferred income taxes 592 476
Share-based compensation 10,589 6,233
(Gain) loss on sale of property, plant, and equipment (61) 807
(Gain) loss on sale of business (193) 191
Foreign currency exchange losses (gains) on intercompany loans and other non-cash items 3,728 (3,659)
Changes in assets and liabilities    
Accounts receivable 16,554 36,221
Inventories (26,754) (14,091)
Contract assets (26,910) 6,553
Prepaids and other current assets (14,049) (9,921)
Accounts payable 19,589 (9,799)
Accrued expenses and other liabilities (13,648) (9,089)
Contract liabilities (382) 9,829
Income taxes 135 (3,948)
Other non‑current assets and liabilities (15,586) (13,955)
Net cash provided by operating activities 29,148 63,058
Investing activities    
Purchase of property, plant, and equipment (36,320) (36,297)
Purchase of intangibles (1,582) (539)
Proceeds from sale of property, plant, and equipment 1,940 640
Proceeds from sale of business, net of cash of $0 and $0 356 897
Acquisitions, net of cash received $0 and $0 (194,976) (8,743)
Net cash used in investing activities (230,582) (44,042)
Financing activities    
Issuance of debt, net of deferred issuance costs 223,793 13,993
Repayment of debt (33,362) (10,036)
Repayment of finance lease obligation (6,571) (6,901)
Proceeds from issuance of common stock 5,274 13,430
Taxes paid related to net share settlements of share-based compensation awards (5,144) (1,863)
Distribution to non‑controlling interest (100) (350)
Net cash provided by financing activities 183,890 8,273
Effect of exchange rate changes on cash 800 2,428
Change in cash and cash equivalents (16,744) 29,717
Cash and cash equivalents    
Beginning of period 146,244 193,001
End of period 129,500 222,718
Supplemental disclosure of cash flow information    
Cash paid for taxes 2,889 5,457
Cash paid for interest 12,537 14,647
Non‑cash investing and financing activities    
Finance lease transactions 6,199 9,044
Operating lease transactions $ 11,385 $ 7,993