XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net income $ 22,013 $ 8,685
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Deferred income tax expense 458 339
Depreciation 1,994 1,771
Amortization 60 60
Accretion of discounts on short-term-investments 87 36
Stock-based compensation 250 187
Bad debt expense 269 436
Inventory obsolescence recovery (550) (132)
Gross profit from the sale of used rental equipment (6,519) (2,165)
Loss on disposal of property, plant and equipment 19  
Realized (gain) loss on short-term investments (1) 1
Effects of changes in operating assets and liabilities:    
Trade accounts and notes receivable (5,981) (2,210)
Inventories (13,704) 7,734
Costs and estimated earnings in excess of billings (6,325)  
Other current assets (3,823) 3,780
Prepaid income taxes (1,231) (3,816)
Accounts payable 154 2,508
Accrued expenses and other 152 (660)
Deferred revenue 2,112 341
Income taxes payable 8,454 3,184
Net cash provided by (used in) operating activities (2,112) 20,079
Cash flows from investing activities:    
Purchase of property, plant and equipment (6,494) (792)
Investment in rental equipment (11,419) (16,437)
Proceeds from sale of used rental equipment 12,408 3,577
Purchases of short-term investments (702) (675)
Proceeds from the sale of short-term investments 900 625
Net cash used in investing activities (5,307) (13,702)
Cash flows from financing activities:    
Excess tax benefit from stock-based compensation 1,092 (3)
Proceeds from exercise of stock options and other 461 79
Net cash provided by financing activities 1,553 76
Effect of exchange rate changes on cash   1
Increase (decrease) in cash and cash equivalents (5,866) 6,454
Cash and cash equivalents, beginning of period 50,752 31,388
Cash and cash equivalents, end of period $ 44,886 $ 37,842