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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income (loss) $ (934) $ 18,100
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 10,191 8,846
Amortization 251 241
Pension and post-retirement expense - U.S. and U.K. 9,570 6,420
Change in long-term obligations 25  
Stock compensation expense 894 1,031
Excess tax expense from restricted stock vesting 149  
Deferred revenue 14,819 (1,250)
Deferred income taxes 3,851 (900)
Loss on disposition of property 192 142
Change in assets and liabilities:    
Restricted cash (9,200)  
Accounts receivable 6,706 (17,769)
Inventories (3,352) (3,042)
Other assets (713) (685)
Accounts payable and accrued expenses (3,786) 2,516
Income taxes (3,314) 4,451
Accrued pension and postretirement benefits (6,953) (2,605)
Net cash provided by operating activities 18,396 15,496
Cash flows from investing activities:    
Additions to property, plant and equipment (13,688) (8,065)
Acquisition of Leveltek – LaPorte assets   (14,600)
Net cash provided by operating activities (13,688) (22,665)
Cash flows from financing activities:    
Dividends paid (5,492) (5,475)
Payment for purchase of treasury stock (289) (251)
Excess tax expense from restricted stock vesting (149)  
Payment on long-term obligations (24)  
Net cash used in financing activities (5,954) (5,726)
Effect of exchange rates on cash (8) (747)
Decrease in cash and cash equivalents (1,254) (13,642)
Cash and cash equivalents:    
Cash and cash equivalents, beginning of period 49,045 45,871
Cash and cash equivalents, end of period 47,791 32,229
Cash paid during period for:    
Interest (net of capitalized interest) 245  
Income taxes paid, (net of refunds) (443) 5,219
Capital expenditures incurred but not yet paid $ 3,050 833
Capital lease obligation incurred   $ 4,500