XML 14 R5.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Revenue $ 710,984 $ 779,617 $ 1,360,368 $ 1,371,366
Cost of goods and services 516,492 518,974 932,051 944,881
Gross profit 194,492 260,643 428,317 426,485
Selling, general and administrative expenses 160,301 157,838 313,021 285,190
Intangible asset impairment 100,000 0 100,000 0
Total operating expenses 260,301 157,838 413,021 285,190
Income (loss) from operations (65,809) 102,805 15,296 141,295
Other income (expense)        
Interest expense (24,879) (21,408) (49,527) (37,089)
Interest income 236 32 340 65
Gain on sale of building 0 0 10,852 0
Other, net 293 1,369 900 2,444
Total other expense, net (24,350) (20,007) (37,435) (34,580)
Income (loss) before taxes from continuing operations (90,159) 82,798 (22,139) 106,715
Provision (benefit) for income taxes (27,904) 24,638 (8,586) 31,851
Income (loss) from continuing operations (62,255) 58,160 (13,553) 74,864
Discontinued operations:        
Income from operations of discontinued operations 0 1,000 0 4,320
Provision (benefit) for income taxes 0 (6,529) 0 (5,803)
Income from discontinued operations 0 7,529 0 10,123
Net income (loss) $ (62,255) $ 65,689 $ (13,553) $ 84,987
Basic earnings per common share:        
Income (loss) from continuing operations (in dollars per share) $ (1.17) $ 1.13 $ (0.26) $ 1.46
Income from discontinued operations (in dollars per share) 0 0.15 0 0.20
Basic (loss) earnings per common share (in dollars per share) $ (1.17) $ 1.27 $ (0.26) $ 1.65
Basic weighted-average shares outstanding (in shares) 53,038 51,668 52,809 51,423
Diluted earnings per common share:        
Income (loss) from continuing operations (in dollars per share) $ (1.17) $ 1.09 $ (0.26) $ 1.40
Income from discontinued operations (in dollars per share) 0 0.14 0 0.19
Diluted earnings (loss) per common share (in dollars per share) $ (1.17) $ 1.23 $ (0.26) $ 1.59
Diluted weighted-average shares outstanding (in shares) 53,038 53,430 52,809 53,602
Dividends paid per common share (in dollars per share) $ 0.10 $ 0.09 $ 0.20 $ 0.18
Other comprehensive income (loss), net of taxes:        
Foreign currency translation adjustments $ 334 $ 6,049 $ 12,271 $ 3,730
Pension and other post retirement plans 746 140 1,608 808
Change in cash flow hedges 1,533 (1,240) 953 (2,340)
Total other comprehensive income (loss), net of taxes 2,613 4,949 14,832 2,198
Comprehensive income (loss), net $ (59,642) $ 70,638 $ 1,279 $ 87,185