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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 29,500 $ 10,612
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 15,266 15,825
Stock-based compensation 4,208 3,982
Asset impairment charges - restructuring 5,794 4,160
Provision for losses on accounts receivable 93 35
Amortization of debt discounts and issuance costs 680 1,273
Deferred income taxes 442 198
Gain (loss) on sale of assets and investments 174 (186)
Gain on sale of business (6,240) 0
Change in assets and liabilities, net of assets and liabilities acquired:    
Decrease in accounts receivable and contract assets, net 10,494 2,942
Increase in inventories (31,924) (19,480)
Increase in prepaid and other assets (3,517) (2,269)
Decrease in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities (5,425) (36,445)
Other changes, net 1,284 1,184
Net cash provided by (used in) operating activities 20,829 (18,169)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (11,926) (13,172)
Acquired businesses, net of cash acquired (2,242) (10,531)
Proceeds from sale of business, net 15,580 0
Proceeds from the sale of property, plant and equipment 53 184
Other, net 26 0
Net cash provided by (used in) investing activities 1,491 (23,519)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (4,422) (3,392)
Purchase of shares for treasury (2,909) (1,758)
Proceeds from long-term debt 40,791 71,957
Payments of long-term debt (42,120) (32,045)
Financing costs (569) (21)
Other, net (68) (40)
Net cash provided by (used in) financing activities (9,297) 34,701
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities (752) (606)
Net cash provided by investing activities 2,224 0
Net cash provided by (used in) discontinued operations 1,472 (606)
Effect of exchange rate changes on cash and equivalents 1,223 8
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS 15,718 (7,585)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 218,089 72,377
CASH AND EQUIVALENTS AT END OF PERIOD $ 233,807 $ 64,792