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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 28,751 $ (11,237)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation 13,810 14,383
Amortization 547 350
Pension and post-retirement expense - U.S. and U.K. 1,650 6,119
Change in long-term obligations (15) (24)
Stock compensation expense 2,750 3,371
Deferred revenue (1,875) (1,875)
Deferred income taxes 4,182 (3,865)
Loss on disposition of property 5 23
Change in assets and liabilities:    
Accounts receivable (24,312) 145
Inventories (98,880) 18,468
Other assets 1,666 (275)
Accounts payable and accrued expenses 18,045 18,009
Income taxes 2,666 2,830
Accrued pension and postretirement benefits (6,589) (6,232)
Net cash provided by (used in) operating activities (57,599) 40,190
Cash flows from investing activities:    
Additions to property, plant and equipment (11,464) (4,155)
Net cash used in investing activities (11,464) (4,155)
Cash flows from financing activities:    
Revolving credit facility borrowings 64,500  
Revolving credit facility repayments (18,000)  
Dividends paid (8,329) (8,395)
Proceeds from exercise of stock options 347  
Payment for purchase of treasury stock (6,795) (238)
Payment for debt issuance cost   (997)
Payments on long-term obligations (183) (161)
Net cash used in financing activities 31,540 (9,791)
Effect of exchange rates on cash (765) 682
Increase (decrease) in cash and cash equivalents: (38,288) 26,926
Cash and cash equivalents:    
Beginning of period 47,726 47,238
End of period 9,438 74,164
Supplemental disclosures of cash flow information:    
Interest (net of capitalized interest) 1,004 654
Income taxes paid (refunded), net 2,521 (1,658)
Capital expenditures incurred but not yet paid 424 53
Dividends declared but not yet paid $ 152 $ 121