XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Condensed Consolidated Statements of Changes in Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net loss $ 9,975 $ (8,305)
Reconciliation of net loss to cash flows from operating activities:    
Depreciation and amortization 40,363 37,520
Amortization of deferred financing costs (includes $2,075 and $2,994 write off of deferred financing fees) 4,145 4,576
Deferred income taxes (6,013) (11,015)
Share-based compensation 6,862 1,020
(Gain) loss on sale of property, plant and equipment 102 (446)
Foreign currency losses (gains) on intracompany loans (2,934) 5,095
Changes in assets and liabilities    
Accounts receivable 28,946 (5,093)
Inventories (14,936) (8,826)
Cost and earnings in excess of billings on uncompleted contracts (7,848) 1,401
Prepaids and other current assets (5,156) (1,090)
Accounts payable 22,821 (1,552)
Accrued expenses and other liabilities (30,810) (13,152)
Billings in excess of costs incurred (2,032) (1,205)
Income taxes 1,849 (3,497)
Other non‑current assets and liabilities (3,483) 4,223
Net cash (used in) provided by operating activities 41,851 (346)
Investing activities    
Purchase of property, plant and equipment (31,670) (27,229)
Purchase of intangibles (291) (410)
Proceeds from sale of property, plant and equipment 539 425
Acquisitions, net of cash acquired of $0 and $39 (10,224) (10,730)
Net cash used in investing activities (41,646) (37,944)
Financing activities    
Issuance of debt 0 150,000
Capitalized deferred issuance costs related to refinancing (1,792) (4,198)
Borrowings under credit facility 6,000 33,000
Repayment of debt (111,161) (132,738)
Repayment of capital lease obligation (5,489) (2,656)
Proceeds from issuance of common stock 137,605 4,151
Taxes paid related to net share settlements of share-based compensation awards (7,368) 0
Stock repurchases (230) (543)
Distribution to non‑controlling interest (1,550) (3,500)
Net cash provided by financing activities 16,015 43,516
Effect of exchange rate changes on cash 268 (586)
Change in cash and cash equivalents 16,488 4,640
Cash and cash equivalents    
Beginning of period 59,254 50,362
End of period 75,742 55,002
Supplemental disclosure of cash flow information    
Cash paid for taxes 2,077 1,759
Cash paid for interest 20,503 20,704
Non‑cash investing and financing activities    
Accrued earnout related to acquisitions 461 0
Capital lease transactions $ 3,948 $ 7,054