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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income (loss) $ (9,563) $ 52,525
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation 42,018 31,680
Amortization of intangibles 23,457 25,444
Non-cash interest expense 824 2,373
Non-cash lease expense (122) (68)
Deferred income tax (benefit) provision 465 15,132
Non-cash compensation expense 12,678 11,773
Fair value adjustment for contingent consideration 400  
Loss on disposition of property, plant and equipment 183 425
Changes in certain assets and liabilities:    
Trade receivables (62,586) (90,571)
Inventories 48,880 (98,616)
Prepaid expenses and other currents assets (18,310) (8,677)
Accounts payable 15,702 12,213
Accrued expenses and interest 7,530 (22,294)
Other assets and liabilities 1,586 1,118
Net cash provided by (used in) operating activities 63,142 (67,543)
Investing activities:    
Purchases of property, plant and equipment (47,284) (113,995)
Proceeds from disposition of fixed assets 99 497
Acquisitions, net of cash acquired (161) (86,935)
Net cash used in investing activities (47,346) (200,433)
Financing activities:    
Payments on 2022 Term Loan Agreement (3,000)  
Proceeds under revolving credit facility 25,000 40,000
Payments under revolving credit facility (25,000)  
Repayments of finance lease obligations (1,307) (1,242)
Exercise of vested stock options 1,901 4,923
Cash paid for shares withheld for taxes (460) (429)
Purchases of treasury stock (7,488)  
Net cash provided by (used in) financing activities (10,354) 43,252
Net increase (decrease) in cash and cash equivalents 5,442 (224,724)
Cash and cash equivalents – Beginning of period 120,817 250,536
Cash and cash equivalents – End of period 126,259 25,812
Supplemental cash flow disclosure:    
Cash paid for interest, net of amounts capitalized 23,611 5,792
Cash paid for income taxes, net 14,959 5,484
Supplemental non-cash investing and financing disclosure:    
Capital expenditures in accounts payable at end of period 12,984 11,976
Right-of-use operating and finance lease assets obtained in exchange for lease liabilities $ 2,439 $ 10,208