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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 11,775 $ (1,067)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 963 760
Equity-based awards 1,078 39
Gain on asset disposals (102) (143)
Change in fair value of long-term warrant liability 0 (771)
Non-cash interest expense 191 1,721
Deferred income tax provision (94) 0
Payment of acquisition contingent consideration (5,520) 0
(Increase) decrease in assets:    
Accounts receivable 4,089 5,720
Inventories (40,576) (36,499)
Prepaid expenses and other current assets 2,013 70
Deposits (42) 0
Increase (decrease) in liabilities:    
Accounts payable (2,799) 64
Other payables and accrued expenses (4,362) (1,472)
Customer deposits 4,771 2,855
Net cash used in operating activities (28,615) (28,723)
Cash flows from investing activities    
Purchases of property and equipment and construction in progress (2,423) (1,997)
Proceeds from disposal of property and equipment 91 235
Cash used in acquisitions (77,631) 0
Net cash used in investing activities (79,963) (1,762)
Cash flows from financing activities    
Net borrowings from floor plan 42,269 39,105
Proceeds from long-term debt 30,000 0
Payments on long-term debt (211) (2,504)
Payments of debt issuance costs (252) (79)
Payments of initial public offering costs 0 (3,547)
Payments of september offering costs (540) 0
Payment of acquisition contingent consideration 0 (1,040)
Distributions to redeemable preferred interest members 0 (1,310)
Distributions to members (905) (921)
Net cash provided by financing activities 70,361 29,704
Net change in cash (38,217) (781)
Cash and restricted cash at beginning of period 68,153 11,492
Cash and restricted cash at end of period 29,936 10,711
Supplemental cash flow disclosures    
Cash paid for interest 1,653 2,791
Cash paid for income taxes 6,613 0
Noncash items    
Acquisition purchase price funded by seller notes payable 2,056 0
Acquisition purchase price funded by contingent consideration 4,766 0
Accrued purchase consideration 3,719 0
Purchase of property and equipment funded by long-term debt 833 419
Distributions, declared not yet paid $ 414 $ 0