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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 144,691 $ 126,699
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 65,476 75,498
Impairment of assets held for sale 37,902  
Net (gain) loss on sales of assets [1] (13,557) 200
Stock-based compensation 13,475 13,166
Deferred income taxes 135 (7,271)
Changes in operating assets and liabilities:    
Trade accounts receivable (521) (32,758)
Unbilled receivables (contract assets) (50,624) (21,312)
Costs to fulfill a contract (15,064) (15,256)
Inventories (28,982) (43,517)
Accounts payable and accrued liabilities (78,878) 34,292
Contract liabilities 13,673 24,500
Income taxes (30,331) (10,830)
Retirement benefit obligations (2,152) (2,148)
Other (3,064) (309)
Net cash provided by operating activities 52,179 140,954
Cash flows from investing activities:    
Payments for purchase of property, plant, and equipment (29,361) (54,341)
Proceeds from sale of assets 18,831 271
Proceeds from sales of short-term investments 12,684 10,259
Payments for purchases of short-term investments (23) (970)
Net cash provided by (used in) investing activities 2,131 (44,781)
Cash flows from financing activities:    
Cash dividends paid (27,525) (18,914)
Proceeds from sales of treasury stock 12,726 24,150
Payments for repurchases of common stock (13,346) (39,049)
Borrowings on revolving lines of credit and short-term borrowings 788,306 865,617
Payments on revolving lines of credit and short-term borrowings (807,869) (844,262)
Payments of long-term debt and finance lease obligations (754) (100,265)
Net cash used in financing activities (48,462) (112,723)
Effect of exchange rate changes on cash and cash equivalents (2,072) (1,741)
Net change in cash and cash equivalents 3,776 (18,291)
Cash and cash equivalents, including restricted cash, at beginning of year 99,073 83,594
Cash and cash equivalents, including restricted cash, at end of period $ 102,849 $ 65,303
[1] Included in net (gain) loss on sale of assets for the six-months ended March 31, 2020 was the pre-tax gain on sale of Duarte real property in the amount of $13,522 recognized in the first quarter of fiscal year 2020.