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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]    
Net income (loss) $ 43,588 $ 28,754
Bad debt expense 150 63
Deferred financing cost amortization 70 65
Depreciation and amortization 7,617 6,388
Gain (Loss) on Disposition of Property Plant Equipment (71) (13,060)
Non-cash compensation expense 1,413 905
Deferred income taxes 1,004 533
Unrealized Gain (Loss) on Investments (119) 0
Accounts receivable (24,869) 18,142
Inventories (18,121) (5,113)
Costs and estimated earnings in excess of billings 7,974 7,562
Prepaid expenses and other current assets (9,761) (11,766)
Other non-current assets (4,443) 103
Accounts payable and accrued expenses (2,616) (29,780)
Billings in excess of costs and estimated earnings 23,191 10,722
Other non-current liabilities (54) 826
Net cash provided by operating activities 24,953 14,344
Capital expenditures (6,515) (2,712)
Proceeds from sale of assets 656 19,205
Cash paid in conjunction with business combinations (130) (165)
Net cash used in investing activities (5,989) 16,328
Borrowings of debt 654,039 607,974
Repayments of debt (654,039) (647,639)
Cash paid for finance leases (978) (773)
Payment for Contingent Consideration Liability, Financing Activities 4,074 0
Distribution to noncontrolling interest (1,297) (2,348)
Purchase of treasury stock (929) (7,489)
Net cash used in financing activities (7,278) (50,275)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,686 (19,603)
CASH, CASH EQUIVALENTS, beginning of period 75,770 24,848
CASH, CASH EQUIVALENTS, end of period 87,456 5,245
Cash paid for interest 135 1,001
Cash paid for income taxes (net) $ 117 $ 63