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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 15,908 $ 60,899
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 8,702 5,806
Stock-based compensation expense 3,625 3,062
Inventory impairments and abandonments 528 0
Expense from income taxes 1,426 7,920
Gain on disposal of fixed assets (130) (194)
Gain on sale of investment 0 (8,591)
Loss on extinguishment of debt, net 0 437
Changes in operating assets and liabilities:    
Increase in accounts receivable (2,438) (8,628)
Increase in income tax receivable 0 (246)
Increase in inventory (191,047) (299,116)
Decrease in other assets 1,386 4,350
Increase in trade accounts payable 20,022 14,413
Decrease in other liabilities (13,916) (19,685)
Net cash used in operating activities (155,934) (239,573)
Cash flows from investing activities:    
Capital expenditures (13,061) (11,501)
Proceeds from sale of fixed assets 130 194
Purchases of investment securities (568) (7,454)
Proceeds from maturities in investment securities 4,098 0
Net cash used in investing activities (9,401) (18,761)
Cash flows from financing activities:    
Repayment of debt 0 (202,195)
Proceeds from issuance of debt 0 250,000
Repayment of borrowings from credit facility (165,000) (115,000)
Borrowings from credit facility 220,000 115,000
Debt issuance costs (230) (5,162)
Repurchase of common stock (20,562) 0
Tax payments for stock-based compensation awards (3,121) (5,220)
Stock option exercises 106 16
Net cash provided by financing activities 31,193 37,439
Net decrease in cash, cash equivalents, and restricted cash (134,142) (220,895)
Cash, cash equivalents, and restricted cash at beginning of period 242,610 386,289
Cash, cash equivalents, and restricted cash at end of period $ 108,468 $ 165,394