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Unaudited Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 19,900 $ 13,462
Reconciliation of net income to cash flows (used in) provided by operating activities:    
Depreciation and amortization 66,647 61,156
Amortization of deferred financing fees 943 926
Deferred income taxes 3,195 592
Share-based compensation 12,200 10,589
Gain on sale of property, plant, and equipment (1,403) (61)
Loss (gain) on sale of business 2,857 (193)
Impairment of long-lived assets 1,703 0
Foreign currency exchange (gains) losses on intercompany loans and other non-cash items (9,805) 3,728
Changes in assets and liabilities    
Accounts receivable 4,954 16,554
Inventories (19,561) (26,754)
Contract assets (12,560) (26,910)
Prepaids and other current assets (4,294) (14,049)
Accounts payable 1,929 19,589
Accrued expenses and other liabilities (45,947) (13,648)
Contract liabilities 12,590 (382)
Income taxes (3,494) 135
Other non‑current assets and liabilities 4,333 (15,586)
Net cash provided by operating activities 34,187 29,148
Investing activities    
Purchase of property, plant, and equipment (53,211) (36,320)
Purchase of intangibles (2,479) (1,582)
Proceeds from sale of property, plant, and equipment 3,621 1,940
Proceeds from sale of business, net of cash of $0 and $0 67 356
Acquisitions 816 194,976
Net cash used in investing activities (51,186) (230,582)
Financing activities    
Borrowing of debt 157,774 223,793
Repayment of debt (166,542) (33,362)
Repayment of finance lease obligation (7,156) (6,571)
Proceeds from contingent consideration asset 7,824 0
Proceeds from issuance of common stock 4,700 5,274
Taxes paid related to net share settlements of share-based compensation awards (4,734) (5,144)
Distribution to non‑controlling interest 0 (100)
Net cash (used in) provided by financing activities (8,134) 183,890
Effect of exchange rate changes on cash 4,371 800
Change in cash and cash equivalents (20,762) (16,744)
Beginning of period 134,005 146,244
End of period 113,243 129,500
Supplemental disclosure of cash flow information    
Cash paid for taxes 7,039 2,889
Cash paid for interest 18,241 12,537
Non‑cash investing and financing activities    
Finance lease transactions 8,770 6,199
Operating lease transactions 12,102 11,385
Cloud computing related intangible transaction $ 15,877 $ 0