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Consolidated Statements of Cash Flow - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities from continuing operations    
Consolidated net income $ 47,800 $ 50,100
Income from discontinued operations (net of income tax expense) (21,000) (27,900)
Adjustments to reconcile income from continuing operations to cash (used in) provided by operating activities:    
Depreciation and amortization 31,000 25,600
Loss on divestiture 0 3,100
Deferred income taxes (5,300) (12,300)
Amortization of deferred financing costs 900 900
Share-based compensation 5,100 5,900
Trade accounts receivable, net and receivables from long-term manufacturing contracts (51,100) (4,000)
Inventories, net 2,700 (29,800)
Prepaid expenses and other current assets (13,900) (2,600)
Trade accounts payable (11,600) 25,300
accrued compensation, and other current liabilities 14,800 (17,800)
Income taxes payable (1,600) 12,700
Accrued pension and postretirement (1,900) (2,000)
Other, net (1,500) (6,900)
Net cash (used in) provided by operating activities from continuing operations (5,600) 20,300
Investing activities from continuing operations    
Capital expenditures (15,300) (7,600)
Proceeds from sales of property, plant, and equipment 800 0
Acquisition of businesses, net of cash acquired (627,500) 0
Divestiture working capital payment 0 (4,500)
Net cash used in investing activities from continuing operations (642,000) (12,100)
Financing activities from continuing operations    
Proceeds from issuance of long-term debt 200,000 0
Proceeds from revolving credit facilities 756,300 0
Repayments on revolving credit facilities (326,300) 0
Payment of deferred financing costs (600) 0
Payments of dividends on common stock (15,300) (15,800)
Repurchases of common stock 0 (28,900)
Proceeds from stock option exercises 6,900 14,600
Payments for employee taxes on net settlement equity awards (9,200) (5,700)
Other, net (1,500) (1,600)
Net cash provided by (used in) financing activities from continuing operations 610,300 (37,400)
Cash used in continuing operations (37,300) (29,200)
Cash (used in) provided by discontinued operations:    
Operating cash flows (600) 24,200
Investing cash flows (4,500) (2,100)
Total cash (used in) provided by discontinued operations (5,100) 22,100
Effect of exchange rates on cash and cash equivalents 600 4,400
Net cash flows (41,800) (2,700)
Cash, cash equivalents, restricted cash, and cash and cash equivalents held for sale:    
At beginning of period 237,600 450,900
At end of period $ 195,800 $ 448,200