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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Operating activities:      
Net income $ 153,379 $ 62,361 $ 67,158
Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:      
Depreciation expense 89,612 86,206 67,996
Amortization expense 39,430 46,338 50,537
Non-cash interest expense 1,647 1,647 5,638
Non-cash lease expense (91) (251) (275)
Deferred income tax expense (benefit) (21,458) (8,579) 23,394
Non-cash compensation expense 25,923 18,518 27,512
Loss on disposition of property, plant and equipment 1,934 2,220 496
Bad debt provision (830) 731 290
Gain on sale of business (37,688) 0 0
Loss on extinguishment of debt 715 0 0
Changes in operating assets and liabilities:      
Trade receivables 6,272 31,768 (8,545)
Inventories (47,536) 86,073 (86,804)
Prepaid expenses and other current assets (7,932) (848) (10,598)
Accounts payable (3,444) 22,596 (32,146)
Accrued expenses and interest 23,884 11,890 (1,345)
Other assets and liabilities 662 1,872 2,527
Net cash provided by operating activities 224,479 362,542 105,835
Investing activities:      
Purchases of property, plant and equipment (77,147) (88,545) (170,938)
Proceeds from sale of property, plant and equipment 474 202 649
Purchases of intangible assets 0 0 (1,500)
Divestiture, net of cash disposed 131,783 0 0
Acquisitions, net of cash acquired (5,971) (161) (108,387)
Net cash provided by (used in) investing activities 49,139 (88,504) (280,176)
Financing activities:      
Proceeds under Revolving Credit Facility 0 25,000 40,000
Payments under Revolving Credit Facility 0 (25,000) (40,000)
Repayments of finance lease obligations (2,946) (2,619) (3,865)
Payments of INTEX contingent consideration 0 (5,850) 0
Exercise of vested stock options 20,852 14,954 5,995
Cash paid for shares withheld for taxes (5,214) (1,528) (429)
Purchases of treasury stock (242,502) (115,498) (81,483)
Net cash provided by (used in) financing activities (387,907) (116,541) 44,622
Net increase (decrease) in cash and cash equivalents (114,289) 157,497 (129,719)
Cash and cash equivalents at beginning of period 278,314 120,817 250,536
Cash and cash equivalents at end of period 164,025 278,314 120,817
Supplemental cash flow disclosure:      
Cash paid for interest, net of amounts capitalized 49,232 46,010 14,899
Cash paid for income taxes, net 87,867 34,480 10,549
Supplemental non-cash investing and financing disclosure:      
Capital expenditures in accounts payable at end of period 9,950 7,703 29,562
Right-of-use operating and finance lease assets obtained in exchange for lease liabilities 25,196 3,830 33,400
Term Loan Agreement      
Financing activities:      
Payments of Term Loan Agreement 0 0 (467,654)
2022 Term Loan Agreement      
Financing activities:      
Proceeds from term loans 0 0 595,500
Payments on term loans (594,000) (6,000) 0
Payments of debt issuance costs 0 0 (3,442)
2024 Term Loan      
Financing activities:      
Proceeds from term loans 438,900 0 0
2024 Revolving Credit Facility      
Financing activities:      
Payments of debt issuance costs $ (2,997) $ 0 $ 0