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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 13,143 $ (11,659)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 9,252 9,588
Amortization 322 231
Pension and post-retirement expense - U.S. and U.K. 1,100 4,080
Change in long-term obligations (16) (15)
Stock compensation expense 1,817 2,213
Deferred revenue (1,250) (1,250)
Deferred income taxes 4,009 (3,941)
Loss on disposition of property   23
Change in assets and liabilities:    
Accounts receivable (17,830) 5,927
Inventories (44,124) 22,210
Other assets 1,282 (624)
Accounts payable and accrued expenses 598 7,496
Income taxes (701) 897
Accrued pension and postretirement benefits (4,411) (4,051)
Net cash provided by (used in) operating activities (36,809) 31,125
Cash flows from investing activities:    
Additions to property, plant and equipment (7,729) (2,103)
Net cash used in investing activities (7,729) (2,103)
Cash flows from financing activities:    
Revolving credit facility borrowings 35,000  
Revolving credit facility repayments (13,500)  
Dividends paid (5,587) (5,604)
Proceeds from exercise of stock options 224  
Payment for purchase of treasury stock (6,795) (238)
Payment for debt issuance cost   (987)
Payments on long-term obligations (120) (106)
Net cash used in financing activities 9,222 (6,935)
Effect of exchange rates on cash (208) 495
Increase (decrease) in cash and cash equivalents: (35,524) 22,582
Cash and cash equivalents:    
Beginning of period 47,726 47,238
End of period 12,202 69,820
Supplemental disclosures of cash flow information:    
Interest (net of capitalized interest) 559 439
Income taxes paid (refunded), net 998 61
Capital expenditures incurred but not yet paid 632 233
Dividends declared but not yet paid $ 161 $ 98