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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]      
Net income (loss) $ 68,676 $ 40,554 $ 33,478
Bad debt expense   1,864 552
Deferred financing cost amortization 198 152 318
Depreciation and amortization 21,914 12,508 9,557
Loss (gain) on sale of assets 47 0 52
Non-cash compensation 3,522 3,323 2,357
Goodwill impairment expense   6,976 0
Deferred income taxes 11,724 5,122 5,681
Accounts receivable (55,371) (25,389) (35,254)
Inventories (30,517) (2,822) (684)
Costs and estimated earnings in excess of billings (13,451) 435 1,586
Prepaid expenses and other current assets (9,226) (9,355) (7,171)
Other non-current assets 703 510 (444)
Accounts payable and accrued expenses 30,623 20,122 22,472
Billings in excess of costs and estimated earnings 6,746 13,967 6,683
Other non-current liabilities 1,214 8,774 (459)
Net cash provided by operating activities 37,924 76,741 38,724
Purchases of property and equipment 7,401 4,745 6,300
Proceeds from sale of assets 295 104 502
Cash received (paid) in conjunction with business combinations 92,463 28,952 50
Net cash used in investing activities (99,569) (33,593) (5,748)
Borrowings of debt 1,318,530 592,768 89,261
Repayments of debt (1,278,204) (592,756) (119,508)
Finance lease payment (648) (215) 0
Payment for Contingent Consideration Liability, Financing Activities 0 0 (240)
Distribution to noncontrolling interests (311) (639) (240)
Purchase of treasury stock (7,006) (7,697) (9,802)
Issuance of shares 0 34 0
Net cash used in financing activities 31,173 (8,505) (40,289)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (30,472) 34,643 (7,313)
CASH, CASH EQUIVALENTS and RESTRiCTED CASH, beginning of period 53,577 18,934 26,247
CASH, CASH EQUIVALENTS and RESTRICTED CASH, end of period 23,105 53,577 18,934
Cash paid for interest 738 782 1,743
Cash paid for income taxes (net) 5,062 $ 323 $ 1,370
Payments for Repurchase of Redeemable Noncontrolling Interest $ (1,188)