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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 7,336 $ (94)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 9,639 9,296
Amortization 100 155
Pension and post-retirement expense - U.S. and U.K. 6,897 4,487
Change in long-term obligations (24)  
Stock compensation expense 1,631 1,157
Deferred revenue (1,250) (1,250)
Deferred income taxes (1,782) 238
Loss on disposition of property   5
Change in assets and liabilities:    
Accounts receivable 11,122 (7,765)
Inventories (21,192) 969
Other assets (961) (846)
Accounts payable and accrued expenses (7,668) 4,124
Income taxes 1,447 4,788
Accrued pension and postretirement benefits (4,488) (3,207)
Net cash provided by (used in) operating activities 807 12,057
Cash flows from investing activities:    
Additions to property, plant and equipment (4,100) (5,409)
Net cash provided by (used in) investing activities (4,100) (5,409)
Cash flows from financing activities:    
Revolving credit facility borrowings 30,000 16,600
Revolving credit facility repayments   (16,600)
Dividends paid (5,523) (5,505)
Proceeds from exercise of stock options 422 215
Payment for purchase of treasury stock (198) (308)
Payments on long-term obligation (82) (71)
Net cash provided by (used in) financing activities 24,619 (5,669)
Effect of exchange rates on cash 42 (1)
Increase (decrease) in cash and cash equivalents: 21,368 978
Cash, cash equivalents and restricted cash:    
Beginning of period 31,038 9,802
End of period 52,406 10,780
Supplemental disclosures of cash flow information:    
Interest (net of capitalized interest) 518 496
Income taxes paid (refunded), net 2,903 (4,636)
Capital expenditures incurred, but not yet paid 708 809
Dividends declared but not yet paid $ 95 $ 12