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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 84,987 $ 46,612
Net income from discontinued operations (9,511) (3,063)
Adjustments to reconcile net income to net cash used in operating activities of continuing operations:    
Depreciation and amortization 29,333 25,739
Stock-based compensation 9,959 9,501
Asset impairment charges - restructuring 806 2,690
Provision for losses on accounts receivable 578 194
Amortization of debt discounts and issuance costs 1,566 1,349
Fair value step-up of acquired inventory sold 2,701 0
Deferred income taxes 2,883 2,215
(Gain) loss on sale of assets and investments (118) 151
Change in assets and liabilities, net of assets and liabilities acquired:    
Increase in accounts receivable (177,347) (65,398)
Increase in inventories (106,534) (74,661)
(Increase) decrease in prepaid and other assets 6,063 (842)
Increase (decrease) in accounts payable, accrued liabilities, income taxes payable and operating lease liabilities (18,524) 8,702
Other changes, net 525 2,400
Net cash used in operating activities - continuing operations (172,633) (44,411)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property, plant and equipment (22,030) (17,835)
Acquired businesses, net of cash acquired (851,464) (2,242)
Proceeds (payments) from investments 14,923 (2,138)
Proceeds from the sale of property, plant and equipment 32 82
Other, net 0 27
Net cash used in investing activities - continuing operations (858,539) (22,106)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid (10,091) (8,678)
Purchase of shares for treasury (10,886) (2,909)
Proceeds from long-term debt 975,291 14,029
Payments of long-term debt (37,906) (7,573)
Financing costs (16,457) (571)
Other, net (27) (214)
Net cash provided by ( used) in financing activities - continuing operations 899,924 (5,916)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash provided by operating activities 9,846 17,058
Net cash provided by (used in) investing activities (1,445) 11,323
Net cash provided by discontinued operations 8,401 28,381
Effect of exchange rate changes on cash and equivalents (3,513) 1,527
NET DECREASE IN CASH AND EQUIVALENTS (126,360) (42,525)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 248,653 218,089
CASH AND EQUIVALENTS AT END OF PERIOD $ 122,293 $ 175,564