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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating activities:      
Net income $ 8,027 $ 3,694 $ 7,978
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 10,463 13,346 11,532
Amortization of intangible assets 16,992 13,547 7,505
Depreciation and amortization 1,727 1,401 1,439
Amortization of investment premiums & other (722) 1,684 1,266
Accretion and amortization on debt securities 7,546 7,053 4,372
Net changes in estimated fair value of acquisition-related contingent consideration 2,056 (1,358) 1,080
Deferred taxes (5,496) (8,988) 105
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 4,316 (19,004) (813)
Contract assets (12,471) (3,095) 1,150
Other assets (1,124) 417 (1,331)
Accounts payable 2,535 2,183 (1,589)
Accrued payroll and related taxes 18 (2,195) 2,687
Income taxes payable 5,577 422 (71)
Deferred revenue (5,217) 9,950 1,790
Restructuring accrual (977) 991 0
Other liabilities (1,664) 1,071 241
Net cash provided by operating activities 31,586 21,119 37,341
Investing activities:      
Purchases of investments (71,733) (47,818) (246,508)
Sales and maturities of investments 66,250 173,316 89,956
Acquisitions, net of cash acquired (267) (122,672) (12,549)
Purchases of property and equipment, net (1,034) (1,126) (1,387)
Net cash provided by (used in) investing activities (6,784) 1,700 (170,488)
Financing activities:      
Proceeds from the issuance of convertible senior notes 0 0 155,250
Payment for convertible senior notes issuance costs 0 0 (5,513)
Purchase of 2026 convertible senior notes hedge 0 0 (33,192)
Proceeds from issuance of convertible senior notes warrants 0 0 23,909
Proceeds from the issuance of equity plan common stock 1,737 1,725 4,035
Repurchases and retirements of common stock 0 (15,176) (190)
Payment of acquisition-related contingent consideration 0 (7,656) (782)
Proceeds from other borrowings 0 0 251
Principal payments on other borrowings (36) (36) (88)
Net cash provided by (used in) financing activities 1,701 (21,143) 143,680
Foreign currency effect on cash and cash equivalents 351 71 (207)
Net increase in cash and cash equivalents 26,854 1,747 10,326
Cash and cash equivalents at beginning of period 32,059 30,312 19,986
Cash and cash equivalents at end of period 58,913 32,059 30,312
Supplemental disclosures of cash flow information:      
Cash paid for interest 1,413 1,164 569
Cash paid for income taxes 3,836 750 741
Supplemental disclosures of non-cash investing and financing activities:      
Reclassification of convertible senior notes hedge and embedded conversion derivative to additional paid-in capital 0 28,516 0
Acquisition-related shares issued 0 1,836 0
Unrealized holding gain (loss) on available-for-sale investments $ 889 $ 283 $ (165)