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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (761) $ 3,708
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 14,588 14,090
Amortization 150 205
Pension and post-retirement expense - U.S. and U.K. 10,342 6,733
Change in long-term obligations (21)  
Stock compensation expense 2,489 1,848
Deferred revenue (1,875) (1,875)
Deferred income taxes 633 1,036
Loss on disposition of property   13
Change in assets and liabilities:    
Accounts receivable 24,815 (5,044)
Inventories (4,956) 2,470
Other assets (20) (409)
Accounts payable and accrued expenses (15,929) 6,049
Income taxes (3,041) 4,902
Accrued pension and postretirement benefits (6,733) (5,457)
Net cash provided by (used in) operating activities 19,681 28,269
Cash flows from investing activities:    
Additions to property, plant and equipment (7,142) (7,316)
Net cash provided by (used in) investing activities (7,142) (7,316)
Cash flows from financing activities:    
Revolving credit facility borrowings 30,000 16,600
Revolving credit facility repayments   (16,600)
Dividends paid (8,285) (8,258)
Proceeds from exercise of stock options 422 215
Payment for purchase of treasury stock (198) (370)
Payments on long-term obligation (140) (106)
Net cash provided by (used in) financing activities 21,799 (8,519)
Effect of exchange rates on cash 90 (191)
Increase (decrease) in cash and cash equivalents: 34,428 12,243
Cash, cash equivalents and restricted cash:    
Beginning of period 31,038 9,802
End of period 65,466 22,045
Supplemental disclosures of cash flow information:    
Interest (net of capitalized interest) 865 712
Income taxes paid (refunded), net 2,912 (4,028)
Capital expenditures incurred, but not yet paid 531 418
Dividends declared but not yet paid $ 124 $ 19