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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 46,612 $ 11,507
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 31,149 31,544
Stock-based compensation 9,501 8,302
Asset impairment charges - restructuring 8,291 4,692
Provision for losses on accounts receivable 194 596
Amortization of debt discounts and issuance costs 1,349 2,267
Loss from debt extinguishment, net 0 6,690
Deferred income taxes 2,334 408
Loss (gain) on sale of assets and investments 151 (274)
Gain on sale of business (5,291) 0
Change in assets and liabilities, net of assets and liabilities acquired:    
Increase in accounts receivable and contract assets, net (47,146) (61,815)
Increase in inventories (74,186) (21,262)
(Increase) decrease in prepaid and other assets 271 (6,005)
Increase (decrease) in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities (1,470) (38,053)
Other changes, net 2,400 560
Net cash used in operating activities (25,841) (60,843)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (23,986) (22,519)
Acquired businesses, net of cash acquired (2,242) (10,531)
Proceeds from sale of business, net 14,725 0
Investment purchases (2,138) 0
Proceeds from the sale of property, plant and equipment 82 290
Other, net 27 0
Net cash used in investing activities (13,532) (32,760)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (8,678) (7,349)
Purchase of shares for treasury (2,909) (7,479)
Proceeds from long-term debt 14,029 1,061,343
Payments of long-term debt (7,573) (939,071)
Financing costs (571) (13,176)
Other, net (214) 83
Net cash provided by (used in) financing activities (5,916) 94,351
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash used in operating activities (1,512) (1,994)
Net cash provided by investing activities 2,749 0
Net cash provided by (used in) discontinued operations 1,237 (1,994)
Effect of exchange rate changes on cash and equivalents 1,527 (2,107)
NET DECREASE IN CASH AND EQUIVALENTS (42,525) (3,353)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 218,089 72,377
CASH AND EQUIVALENTS AT END OF PERIOD $ 175,564 $ 69,024