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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES - CONTINUING OPERATIONS:      
Net income $ 53,429 $ 37,287 $ 125,678
Net (income) loss from discontinued operations 0 8,335 (92,423)
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:      
Depreciation and amortization 62,409 61,848 55,803
Stock-based compensation 17,580 15,914 19,610
Asset impairment charges - restructuring 4,692 0 0
Provision for losses on accounts receivable 1,332 535 96
Amortization of deferred financing costs and debt discounts 3,661 5,393 5,219
Loss from debt extinguishment 7,925 0 0
Deferred income tax 2,095 (2,222) (17,633)
(Gain)/ loss on sale/disposal of assets and investments (287) (179) 290
Change in assets and liabilities, net of assets and liabilities acquired:      
(Increase) decrease in accounts receivable and contract assets (62,366) 8,279 2,681
(Increase) decrease in inventories 34,080 (24,938) (52,122)
Increase in prepaid and other assets (13,582) (4,285) (2,285)
Increase in accounts payable, accrued liabilities and income taxes payable 25,044 7,638 11,078
Other changes, net 1,017 353 2,200
Net cash provided by operating activities - continuing operations 137,029 113,958 58,192
CASH FLOWS FROM INVESTING ACTIVITIES - CONTINUING OPERATIONS:      
Acquisition of property, plant and equipment (48,998) (45,361) (50,138)
Acquired business, net of cash acquired (10,531) (9,219) (430,932)
Investment purchases (130) (149) 0
Proceeds (payments) from sale of business 0 (9,500) 474,727
Insurance proceeds (payments) 0 (10,604) 8,254
Proceeds from sale of property, plant and equipment 352 280 663
Net cash provided by (used in) investing activities - continuing operations (59,307) (74,553) 2,574
CASH FLOWS FROM FINANCING ACTIVITIES - CONTINUING OPERATIONS:      
Proceeds from issuance of common stock 178,165 0 0
Dividends paid (14,529) (13,676) (49,797)
Purchase of shares for treasury (7,479) (1,478) (45,605)
Proceeds from long-term debt 1,240,080 201,748 443,058
Payments of long-term debt (1,308,915) (218,248) (300,993)
Change in short-term borrowings 0 (366) 144
Financing costs (17,384) (1,090) (7,793)
Contingent consideration for acquired businesses (1,733) (1,686) 0
Other, net (15) (180) 51
Net cash provided by (used) in financing activities - continuing operations 68,190 (34,976) 39,065
CASH FLOWS FROM DISCONTINUED OPERATIONS:      
Net cash used in operating activities (3,021) (2,123) (45,624)
Net cash provided by (used in) investing activities 444 0 (10,762)
Net cash used in financing activities 0 0 (22,541)
Net cash used in discontinued operations (2,577) (2,123) (78,927)
Effect of exchange rate changes on cash and equivalents 2,377 313 1,173
NET INCREASE IN CASH AND EQUIVALENTS 145,712 2,619 22,077
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 72,377 69,758 47,681
CASH AND EQUIVALENTS AT END OF PERIOD 218,089 72,377 69,758
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 63,139 63,334 59,793
Cash paid for taxes $ 21,016 $ 25,339 $ 32,140