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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (94) $ (24,594)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 9,296 11,449
Amortization 155 264
Pension and post-retirement expense - U.S. and U.K. 4,487 7,107
Stock compensation expense 1,157 1,317
Deferred revenue (1,250) (1,250)
Deferred income taxes 238 27,858
Loss on disposition of property 5 55
Change in assets and liabilities:    
Accounts receivable (7,765) (2,925)
Inventories 969 (21,548)
Other assets (846) (1,184)
Accounts payable and accrued expenses 4,124 2,385
Income taxes 4,788 (11,066)
Accrued pension and postretirement benefits (3,207) (4,905)
Net cash provided by (used in) operating activities 12,057 (17,037)
Cash flows from investing activities:    
Additions to property, plant and equipment (5,409) (6,338)
Net cash provided by (used in) investing activities (5,409) (6,338)
Cash flows from financing activities:    
Revolving credit facility borrowings 16,600  
Revolving credit facility repayments (16,600)  
Dividends paid (5,505) (5,509)
Proceeds from exercise of stock options 215  
Payment for purchase of treasury stock (308) (223)
Payments on long-term obligation (71) (109)
Net cash provided by (used in) financing activities (5,669) (5,841)
Effect of exchange rates on cash (1) 422
Increase (decrease) in cash and cash equivalents: 978 (28,794)
Cash and cash equivalents:    
Beginning of period 9,802 46,328
End of period 10,780 17,534
Supplemental disclosures of cash flow information:    
Interest (net of capitalized interest) 496 430
Income taxes paid (refunded), net (4,636) 918
Capital expenditures incurred, but not yet paid 809 1,738
Dividends declared but not yet paid $ 12 $ 7