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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:      
Net income (loss) $ 45,087 $ (8,683)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 18,289 19,100  
Amortization 780 467 $ 228
Pension and post-retirement expense - U.S. and U.K. 1,898 8,100  
Change in long-term obligations (136) 9  
Stock compensation expense 3,599 4,474  
Deferred revenue (2,500) (2,500)  
Deferred income taxes 6,442 (2,436)  
Loss on disposition of property 18 173  
Change in assets and liabilities:      
Accounts receivable (42,710) (6,159)  
Inventories (116,780) (777)  
Other assets 3,464 (4,926)  
Accounts payable and accrued expenses 10,696 33,869  
Income taxes 1,780 2,859  
Accrued pension and postretirement benefits (9,408) (20,305)  
Net cash provided by (used in) operating activities (79,481) 23,265  
Cash flows from investing activities:      
Additions to property, plant and equipment (15,114) (5,949)  
Net cash used in investing activities (15,114) (5,949)  
Cash flows from financing activities:      
Revolving credit facility borrowings 115,528    
Revolving credit facility repayments (40,807)    
Dividends paid (11,072) (11,175) (11,058)
Proceeds from exercise of stock options 537    
Payment for purchase of treasury stock (7,243) (4,986)  
Payment for debt issuance cost (103) (997)  
Payments on long-term obligations (278) (285)  
Net cash provided by (used in) financing activities 56,562 (17,443)  
Effect of exchange rates on cash (1,253) 615  
Increase (decrease) in cash and cash equivalents: (39,286) 488  
Cash and cash equivalents:      
Beginning of period 47,726 47,726 47,238
End of period 8,440 47,726 $ 47,726
Supplemental disclosures of cash flow information:      
Interest (net of capitalized interest) 1,206 855  
Income taxes paid (refunded), net 3,671 (1,580)  
Capital expenditures incurred but not yet paid 242 666  
Dividends declared but not yet paid $ 199 $ 210