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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2017
Operating activities      
Net loss $ (19,260) $ (11,615) $ (39,187)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 5,091 4,599 5,796
Change in fair value of earnout liability 3,500 100 (954)
Stock compensation expense 6,508 6,597 7,377
Inventory adjustment to net realizable value 331 2,494 10,381
Provision for doubtful accounts 178 199 357
Deferred tax expense (benefit) 136 (10,945) (620)
Impairment of goodwill and long-lived assets 0 0 1,963
Change in fair value of financial instruments 0 90 (573)
Incremental tax loss from exercise of common stock options and restricted stock 0 0 1,198
Gain on disposal of property and equipment (15) (480) 0
Changes in operating assets and liabilities:      
Accounts receivable (2,012) 6,582 (1,611)
Inventory 3,948 8,120 (3,507)
Prepaid and deferred taxes (811) 739 730
Prepaid expenses and other assets 1,554 (689) (1,024)
Accounts payable 1,191 670 3,192
Accrued expenses and other current liabilities 1,999 (9,576) (14,882)
Distributions payable (453) (953) 1,359
Deferred revenue 906 743 0
Payables to sellers (8,716) 4,586 (4,519)
Other liabilities (317) (642) 2,871
Net cash (used in) provided by operating activities (6,242) 619 (31,653)
Investing activities      
Increase in intangibles (23) (35) (119)
Purchases of property and equipment, including capitalized software (5,938) (4,174) (7,805)
Proceeds from note receivable 0 3,000 0
Proceeds from sale of property and equipment 247 828 0
Purchase of short-term investments (70,000) (20,000) 0
Maturities of short-term investments 60,000 0 0
Cash paid for business acquisition, net of cash acquired 0 (16,673) 0
Net cash used in investing activities (15,714) (37,054) (7,924)
Financing activities      
Short-term borrowings, net 0 0 0
Proceeds from exercise of common stock options (net of tax) 590 404 92
Taxes paid associated with net settlement of share-based compensation (44) 0 0
Incremental tax loss from exercise of common stock options and restricted stock 0 0 (1,198)
Net cash provided by (used in) financing activities 546 404 (1,106)
Effect of exchange rate differences on cash and cash equivalents (541) 131 518
Net (decrease) increase in cash and cash equivalents (21,951) (35,900) (40,165)
Cash and cash equivalents at beginning of year 58,448 94,348 134,513
Cash and cash equivalents at end of year 36,497 58,448 94,348
Supplemental disclosure of cash flow information      
Earnout liability for acquisition activity 0 1,200 0
Issuance of common stock for acquisition activity 0 2,005 0
Cash (paid) received for income taxes, net $ (1,008) $ (916) $ 793