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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 21,537 $ 15,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,071 4,140
Loss (gain) on sale of businesses and assets (708) 86
Impairment of assets 0 1,401
Unrealized loss on equity securities 1 67
Amortization of debt discount and issuance costs 136 101
Gain on debt extinguishment (83) (5,298)
Noncash lease expense 1,238 848
Gain on insurance (321) (294)
Doubtful accounts expense (reversal) on notes receivable 53 (58)
Changes in operating assets and liabilities:    
Accounts receivable 1,065 3,137
Inventories (276) (31)
Prepaid expenses, other current and other assets (5,360) 1,494
Accounts payable, accrued and other liabilities 5,508 (3,888)
Net cash provided by operating activities 27,861 17,246
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of businesses and assets 2,910 8
Proceeds from insurance 485 294
Proceeds from notes receivable 82 61
Payments for property and equipment and intangible assets (13,990) (6,718)
Acquisition of businesses, net of cash acquired (39,302) 0
Net cash used in investing activities (49,815) (6,355)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt obligations, including related party proceeds of $650 and $0, respectively 35,742 2,176
Payments on debt obligations (7,290) (5,977)
Purchase of treasury stock (2,845) (1,794)
Payment of dividends (854) (720)
Payment of loan origination costs (418) (25)
Net cash provided by (used in) financing activities 24,335 (6,340)
NET INCREASE IN CASH AND CASH EQUIVALENTS 2,381 4,551
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,686 15,605
CASH AND CASH EQUIVALENTS AT END OF PERIOD 38,067 20,156
CASH PAID DURING PERIOD FOR:    
Interest 5,064 5,512
Income taxes 4,008 29
Noncash investing and financing transactions:    
Debt incurred in connection with acquisition of businesses 22,200 0
Debt incurred in connection with purchase of property and equipment 2,625 0
Note receivable from sale of property 2,700 0
Issuance of shares of common stock for acquisition of businesses:    
Number of shares 500,000 0
Fair value 30,362 0
Adjustment to operating lease right-of-use assets and lease liabilities related to new and renewed leases 19,187 0
Unpaid liabilities on capital expenditures $ 1,201 $ 98