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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities    
Net income $ 9,268 $ 6,088
Reconciliation of net income to cash flows (used in) provided by operating activities:    
Depreciation and amortization 33,248 28,640
Amortization of deferred financing fees 476 467
Deferred income taxes 1,852 251
Share-based compensation 6,196 5,203
Gain on sale of property, plant, and equipment (836) (4)
Foreign currency exchange (gains) losses on intercompany loans and other non-cash items (8,184) 1,502
Changes in assets and liabilities    
Accounts receivable 6,839 41,309
Inventories (26,082) (16,021)
Contract assets (15,790) (12,189)
Prepaids and other current assets (2,326) (3,797)
Accounts payable 5,290 11,241
Accrued expenses and other liabilities (24,916) (16,953)
Contract liabilities 14,711 (2,887)
Income taxes 416 (338)
Other non‑current assets and liabilities (1,435) (6,132)
Net cash (used in) provided by operating activities (1,273) 36,380
Investing activities    
Purchase of property, plant, and equipment (22,742) (15,540)
Purchase of intangibles (1,120) (664)
Proceeds from sale of property, plant, and equipment 1,674 1,370
Acquisitions 1,716 0
Net cash used in investing activities (20,472) (14,834)
Financing activities    
Borrowing of debt 23,700 5,949
Repayment of debt (33,185) (19,378)
Repayment of finance lease obligation (3,905) (3,174)
Proceeds from issuance of common stock 2,868 2,085
Taxes paid related to net share settlements of share-based compensation awards (390) (1,261)
Distribution to non‑controlling interest 0 (100)
Net cash used in financing activities (10,912) (15,879)
Effect of exchange rate changes on cash 3,355 614
Change in cash and cash equivalents (29,302) 6,281
Beginning of period 134,005 146,244
End of period 104,703 152,525
Supplemental disclosure of cash flow information    
Cash paid for taxes 1,989 1,654
Cash paid for interest 8,990 5,706
Non‑cash investing and financing activities    
Finance lease transactions 3,311 2,700
Operating lease transactions $ 6,863 $ 1,152