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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:      
Net income (loss) $ 9,745 $ (21,751) $ (10,190)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 18,871 22,627 21,601
Amortization 255 527 496
Pension and post-retirement expense - U.S. and U.K. 8,819 14,110 23,435
Change in long-term obligations 316 (7) (15)
Stock compensation expense 2,575 2,320 2,109
Deferred revenue (2,500) (2,500) (7,488)
Deferred income taxes 1,872 23,115 (10,072)
Loss on disposition of property 138 250 612
Change in assets and liabilities:      
Accounts receivable (5,002) (12,590) 755
Inventories 11,702 (29,905) (6,982)
Other assets (1,080) (2,120) 287
Accounts payable and accrued expenses (204) 10,220 3,476
Income taxes 5,534 (7,406) 709
Accrued pension and postretirement benefits (7,994) (10,627) (11,052)
Net cash provided by (used in) operating activities 43,047 (13,737) 7,681
Cash flows from investing activities:      
Additions to property, plant and equipment (10,041) (11,085) (15,006)
Net cash provided by (used in) investing activities (10,041) (11,085) (15,006)
Cash flows from financing activities:      
Revolving credit facility borrowings 16,600 4,200  
Revolving credit facility repayments (16,600) (4,200)  
Dividends paid (11,011) (11,013) (11,009)
Proceeds from exercise of stock options 215    
Payment for purchase of treasury stock (370) (223) (266)
Payments on long-term obligation (150) (258) (166)
Net cash provided by (used in) financing activities (11,316) (11,494) (11,441)
Effect of exchange rates on cash (454) (210) 351
Increase (decrease) in cash and cash equivalents: 21,236 (36,526) (18,415)
Cash, cash equivalents and restricted cash:      
Beginning of period 9,802 46,328 64,743
End of period 31,038 9,802 46,328
Supplemental disclosures of cash flow information:      
Interest (net of capitalized interest) 928 860 807
Income taxes paid (refunded), net (3,650) 1,965 2,335
Capital expenditures incurred, but not yet paid 490 703 1,910
Dividends declared but not yet paid $ 26 $ 14  
Lease obligation incurred     $ 4,100