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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 31,025 $ 24,758
Reconciliation of net income to cash flows provided by operating activities:    
Depreciation and amortization 93,881 83,707
Amortization of deferred financing fees (includes $0 and $1,333 write off of deferred financing fees) 1,393 2,814
Deferred income taxes 1,332 994
Share-based compensation 16,339 10,461
(Gain) loss on sale of property, plant, and equipment (684) 2,456
(Gain) loss on sale of business (193) 193
Foreign currency exchange losses (gains) on intercompany loans and other non-cash items 11,235 (4,628)
Changes in assets and liabilities    
Accounts receivable 3,222 18,931
Inventories (44,566) (18,261)
Contract assets (30,092) 12,059
Prepaids and other current assets (23,951) (21,869)
Accounts payable 27,367 (10,587)
Accrued expenses and other liabilities 2,494 23,065
Contract liabilities 11,356 9,337
Income taxes 1,596 (2,489)
Other non‑current assets and liabilities (14,820) (28,083)
Net cash provided by operating activities 86,934 102,858
Investing activities    
Purchase of property, plant, and equipment (58,700) (54,147)
Purchase of intangibles (2,361) (1,206)
Proceeds from sale of property, plant, and equipment 2,383 1,108
Proceeds from sale of business, net of cash of $0 and $0 356 897
Acquisitions, net of cash received $0 and $0 (206,471) (21,059)
Net cash used in investing activities (264,793) (74,407)
Financing activities    
Issuance of debt, net of deferred issuance costs 245,236 747,877
Repayment of debt (64,007) (837,082)
Repayment of finance lease obligation (9,965) (10,173)
Proceeds from issuance of common stock 7,921 18,096
Taxes paid related to net share settlements of share-based compensation awards (6,274) (1,315)
Distribution to non‑controlling interest (100) (450)
Net cash provided by (used in) financing activities 172,811 (83,047)
Effect of exchange rate changes on cash (3,357) 3,119
Change in cash and cash equivalents (8,405) (51,477)
Beginning of period 146,244 193,001
End of period 137,839 141,524
Supplemental disclosure of cash flow information    
Cash paid for taxes 5,544 7,536
Cash paid for interest 19,076 20,643
Non‑cash investing and financing activities    
Finance lease transactions 10,404 12,300
Operating lease transactions $ 18,482 $ 11,699