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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 1,858 $ 24,702
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 15,316 13,898
Amortization 375 385
Pension and post-retirement expense - U.S. and U.K. 14,394 9,591
Change in long-term obligations 38 (778)
Stock compensation expense 1,432 1,609
Excess tax expense from restricted stock vesting 149 52
Deferred revenue 9,376 (1,875)
Deferred income taxes 4,007 624
Loss on disposition of property 213 180
Change in assets and liabilities:    
Restricted cash (9,200)  
Accounts receivable 5,830 (2,341)
Inventories (2,133) (7,742)
Other assets (144) 389
Accounts payable and accrued expenses (1,718) 4,028
Income taxes (3,653) 269
Accrued pension and postretirement benefits (9,794) (4,112)
Net cash provided by operating activities 26,346 38,879
Cash flows from investing activities:    
Additions to property, plant and equipment (22,102) (14,049)
Acquisition of Leveltek – LaPorte assets   (14,600)
Net cash provided by investing activities (22,102) (28,649)
Cash flows from financing activities:    
Dividends paid (8,240) (8,214)
Proceeds from exercise of stock options 310  
Payment for purchase of treasury stock (289) (251)
Excess tax expense from restricted stock vesting (149) (52)
Payment on long-term obligations (37)  
Net cash used in financing activities (8,405) (8,517)
Effect of exchange rates on cash (466) (349)
Decrease in cash and cash equivalents (4,627) 1,364
Cash and cash equivalents:    
Cash and cash equivalents, beginning of period 49,045 45,871
Cash and cash equivalents, end of period 44,418 47,235
Cash paid during period for:    
Interest (net of capitalized interest) 366 19
Income taxes paid, (net of refunds) (48) 12,189
Capital expenditures incurred but not yet paid $ 2,521 1,269
Capital lease obligation incurred   $ 4,500