XML 21 R5.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating activities:      
Net income $ 20,009 $ 9,416 $ 12,661
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 31,193 28,977 29,430
Impairment of long-lived assets and store closing costs 612 380 585
Gain on disposal of property and equipment (42) (131) 0
Share-based compensation 1,129 1,185 810
Deferred income tax expense (benefit) 3,742 3,973 (5,972)
Non-cash interest expense 12 13 12
Changes in operating assets and liabilities      
Accounts receivable, net (3,418) (315) 145
Income tax receivable 2,350 (5,174) 943
Merchandise inventory (3,996) (1,951) (615)
Prepaid expenses and other assets (762) 42 (390)
Operating lease asset 30,206 0 0
Operating lease liability (30,569) 0 0
Accounts payable 10,103 1,024 1,845
Accrued expenses 5,934 1,211 3,644
Deferred compensation 0 (688) (543)
Deferred rent and leasehold incentives 0 (580) 308
Net cash provided by operating activities 66,503 37,382 42,863
Investing activities:      
Acquisition of property and equipment (26,752) (30,030) (23,687)
Acquisition of other intangibles (2,832) (2,703) (30)
Proceeds from sale of property and equipment 0 836 34
Proceeds from property insurance settlements 27 32 140
Net cash used in investing activities (29,557) (31,865) (23,543)
Financing activities:      
Borrowings under credit facility 236,100 405,900 376,000
Repayments under credit facility (241,792) (413,400) (391,200)
Repurchases of common stock 0 0 (581)
Capital and financing lease obligations payments 0 (780) (573)
Finance lease obligation payments (2,271) 0 0
Dividends to shareholders (6,301) 0 0
Loan fees paid (25) 0 0
Payments on withholding tax for restricted stock unit vesting (337) (421) (89)
Net cash used in financing activities (14,626) (8,701) (16,443)
Net increase (decrease) in cash and cash equivalents 22,320 (3,184) 2,877
Cash and cash equivalents, beginning of year 6,214 9,398 6,521
Cash and cash equivalents, end of year 28,534 6,214 9,398
Supplemental disclosures of cash flow information:      
Cash paid for interest 354 787 878
Cash paid for interest on finance or capital and financing lease obligations, net of capitalized interest of $102, $268 and $187, respectively 1,690 4,148 3,611
Income taxes paid 3,305 4,734 1,958
Deferred compensation paid 0 700 700
Supplemental disclosures of non-cash investing and financing activities:      
Acquisition of property and equipment not yet paid 2,407 6,289 5,254
Acquisition of other intangibles not yet paid 255 476 0
Proceeds from sale of property and equipment not yet received 42 6 23
Property acquired through capital and capital financing lease obligations 0 12,156 8,285
Property acquired through operating lease obligations 13,204 0 0
Property acquired through finance lease obligations $ 11,625 $ 0 $ 0