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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,612) $ (7,970)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 6,037 4,905
Equity-based awards 2,170 2,392
Loss (gain) on asset disposals 183 (34)
Non-cash interest expense 933 484
Deferred income tax provision (5,056) 1,828
Change in fair value of contingent consideration 242 572
Net (gain) loss recognized during the period on equity securities (7) 112
(Increase) decrease in assets:    
Accounts receivable 16,357 20,240
Inventories (45,798) (97,223)
Prepaid expenses and other current assets 19,468 (12,388)
Other assets (880) (1,869)
Increase (decrease) in liabilities:    
Accounts payable (2,840) (8,216)
Other payables and accrued expenses (4,137) (12,196)
Customer deposits (10,502) (671)
Net cash used in operating activities (37,442) (110,034)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment and construction in progress (2,603) (4,924)
Proceeds from disposal of property and equipment 189 59
Cash used for additions to intangible assets (362) (428)
Proceeds from disposal of a business 0 45,100
Net cash (used in) provided by investing activities (2,776) 39,807
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings from floor plan 46,721 73,791
Proceeds from long-term debt 8,890 20,000
Payments on long-term debt (3,434) (38,457)
Payments of debt issuance costs (935) (74)
Payments of tax withholdings for equity-based awards (1,823) (1,552)
Distributions to members 0 (3,789)
Purchase of non-controlling interest 0 (18,840)
Net cash provided by financing activities 49,419 31,079
Effects of exchange rate changes on cash and restricted cash 20 (9)
Net change in cash and restricted cash 9,221 (39,157)
Cash and restricted cash at beginning of period 27,337 93,310
Cash and restricted cash at end of period 36,558 54,153
Supplemental cash flow disclosures:    
Cash paid for interest 15,329 16,480
Cash (received) paid for income taxes and income tax refunds (330) 455
Noncash items:    
Purchase of property and equipment funded by long-term debt 0 82
Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,985 $ 1,931