XML 48 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities      
Net income $ 437,416 $ 116,464 $ 62,612
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 54,454 37,429 28,149
Gain on settlement of equity method investment     (1,847)
Impairment of property, plant and equipment 285    
Stock-based compensation 20,113 19,822 17,278
Amortization of premium on marketable securities and deferred financing costs 1,121 710 252
Earnings of equity method investments (6,188) (6,788) (9,381)
Loss recovery on insurance claim   (1,103)  
Deferred income taxes (15,161) (45,217) 517
Loss on extinguishment of debt 14,339    
Pension settlement     (259)
Other losses (gains) on disposals of assets 209 (758) (406)
Gain on sale of divestiture, net of tax (408,575)    
Contingent transaction fees paid stemming from divestiture (13,388)    
Changes in operating assets and liabilities, net of acquisitions and divestiture:      
Accounts receivable (11,445) (28,463) (11,178)
Inventories (2,933) (24,365) (12,792)
Prepaid expenses and other assets (16,009) (3,676) (5,829)
Accounts payable 4,695 5,457 7,846
Deferred revenue 4,213 2,791 8,049
Accrued warranty and retrofit costs 1,109 (157) 1,602
Accrued compensation and tax withholdings (6,453) 5,978 5,565
Accrued restructuring costs 399 (1,080) (4,241)
Accrued pension costs     (32)
Proceeds from recovery on insurance claim 1,082    
Accrued expenses and other liabilities 31,615 (3,080) 10,319
Net cash provided by operating activities 90,898 73,964 96,224
Cash flows from investing activities      
Purchases of property, plant and equipment (23,861) (12,787) (12,677)
Purchases of technology intangibles     (240)
Purchases of marketable securities (35,225) (69,692)  
Sales of marketable securities 48,903 1,584 3,590
Maturities of marketable securities 2,557 17,482  
Proceeds from divestiture 661,642    
Acquisitions, net of cash acquired (442,704) (85,755) (44,791)
Purchase of other investments   (500) (170)
Proceeds from sales of property, plant and equipment   200 100
Net cash provided by (used in) investing activities 211,312 (148,468) (54,188)
Cash flows from financing activities      
Proceeds from term loans, net of discount 686,386 197,554  
Proceeds from issuance of common stock 3,422 2,826 2,040
Payments of financing costs (687) (318) (28)
Principal payments on debt (850,190) (1,500)  
Payments of capital leases (1,197)    
Common stock dividends paid (28,895) (28,285) (27,932)
Net cash provided by (used in) financing activities (191,161) 170,277 (25,920)
Effects of exchange rate changes on cash and cash equivalents (3,586) 313 420
Net increase in cash, cash equivalents and restricted cash 107,463 96,086 16,536
Cash, cash equivalents and restricted cash, beginning of period 197,708 101,622 85,086
Cash, cash equivalents and restricted cash, end of period 305,171 197,708 101,622
Supplemental disclosures:      
Cash paid for interest 20,799 6,537 200
Cash paid for income taxes, net $ 16,990 $ 21,051 8,142
Supplemental disclosure of non-cash investing and financing activities:      
Deferred financing costs included in accounts payable     423
Fair value of non-cash consideration for the acquisition of Cool Lab, LLC     $ 10,348