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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:      
Net income $ 30,486 $ 3,751 $ 21,577
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 18,997 15,861 13,744
Amortization 511 416 416
Pension and post-retirement expense - U.S. and U.K. 12,592 10,293 16,173
Change in long-term obligations (498) (22) (153)
Stock compensation expense 2,184 1,769 1,254
Excess tax benefit (expense) from option exercises 55 (614) (494)
Deferred revenue (2,500) (2,500) (2,500)
Deferred income taxes 2,810 (1,954) 6,171
Loss on disposition of property 399 500 418
Change in assets and liabilities:      
Accounts receivable (5,011) 9,893 18,630
Inventories 4,073 (22,275) 31,507
Other assets 117 (336) (1,324)
Accounts payable and accrued expenses (8,685) 15,722 (12,165)
Income taxes (99) 2,522 341
Accrued pension and postretirement benefits (7,036) (6,080) (20,191)
Net cash provided by operating activities 48,395 26,946 73,404
Cash flows from investing activities:      
Additions to property, plant and equipment (18,546) (39,694) (41,550)
Acquisition of Leveltek – LaPorte assets (14,600)    
Net cash used in investing activities (33,146) (39,694) (41,550)
Cash flows from financing activities:      
Dividends paid (10,952) (10,906) (10,849)
Proceeds from exercise of stock options   1,063 598
Payment for purchase of treasury stock (251) (335) (505)
Excess tax benefit from option exercises and restricted stock vesting   614 494
Payments Related to Tax Withholding for Share-based Compensation 55    
Payment on long-term obligation (173)   (100)
Net cash used in financing activities (11,431) (9,564) (10,362)
Effect of exchange rates on cash (644) (143) 94
Increase (decrease) in cash and cash equivalents 3,174 (22,455) 21,586
Cash and cash equivalents:      
Cash and cash equivalents, beginning of period 45,871 68,326 46,740
Cash and cash equivalents, end of period 49,045 45,871 68,326
Cash paid during period for:      
Interest (net of capitalized interest) 347 3 7
Income taxes paid (net of refunds) 14,017 811 3,578
Capital expenditures incurred but not yet paid 1,741 $ 1,293 $ 2,890
Capital lease obligation incurred $ 4,500