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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES - CONTINUING OPERATIONS:      
Net income $ 79,211 $ 53,429 $ 37,287
Net income from discontinued operations (7,972) (10,986) (11,817)
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:      
Depreciation and amortization 52,302 52,100 51,517
Stock-based compensation 20,088 17,580 15,914
Asset impairment charges - restructuring 6,655 4,692 0
Provision for losses on accounts receivable 501 1,332 535
Amortization of deferred financing costs and debt discounts 2,640 3,661 5,393
Loss from debt extinguishment 0 7,925 0
Deferred income tax 13,763 2,122 (5,465)
(Gain)/ loss on sale/disposal of assets and investments 231 (287) (179)
Change in assets and liabilities, net of assets and liabilities acquired:      
(Increase) decrease in accounts receivable (7,002) (72,565) 13,422
(Increase) decrease in inventories (154,515) 23,262 (31,775)
Increase in prepaid and other assets (9,598) (15,878) (4,456)
Increase in accounts payable, accrued liabilities and income taxes payable 72,894 40,399 19,615
Other changes, net 1,834 1,017 355
Net cash provided by operating activities - continuing operations 71,032 107,803 90,346
CASH FLOWS FROM INVESTING ACTIVITIES - CONTINUING OPERATIONS:      
Acquisition of property, plant and equipment (36,951) (41,168) (34,869)
Acquired business, net of cash acquired (2,242) (10,531) (9,219)
Investment purchases (17,211) (130) (149)
Payments from sale of business 0 0 (9,500)
Insurance payments 0 0 (10,604)
Proceeds from sale of property, plant and equipment 237 352 280
Net cash used in investing activities - continuing operations (56,167) (51,477) (64,061)
CASH FLOWS FROM FINANCING ACTIVITIES - CONTINUING OPERATIONS:      
Proceeds from issuance of common stock 0 178,165 0
Dividends paid (17,139) (14,529) (13,676)
Purchase of shares for treasury (3,357) (7,479) (1,478)
Proceeds from long-term debt 20,912 1,240,080 201,748
Payments of long-term debt (27,833) (1,308,915) (218,248)
Change in short-term borrowings 0 0 (366)
Financing costs (571) (17,384) (1,090)
Contingent consideration for acquired businesses 0 (1,733) (1,686)
Other, net (257) (15) (180)
Net cash provided by (used) in financing activities - continuing operations (28,245) 68,190 (34,976)
CASH FLOWS FROM DISCONTINUED OPERATIONS:      
Net cash provided by operating activities 40,737 26,206 21,489
Net cash provided by (used in) investing activities 6,751 (7,387) (10,492)
Net cash provided by discontinued operations 47,488 18,819 10,997
Effect of exchange rate changes on cash and equivalents (3,544) 2,377 313
NET INCREASE IN CASH AND EQUIVALENTS 30,564 145,712 2,619
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 218,089 72,377 69,758
CASH AND EQUIVALENTS AT END OF PERIOD 248,653 218,089 72,377
Supplemental Disclosure of Cash Flow Information:      
Cash paid for interest 60,781 63,139 63,580
Cash paid for taxes $ 41,216 $ 21,016 $ 25,339