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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 7,261 $ 5,752
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,105 5,340
Amortization of deferred financing costs 610 551
Stock-based compensation expense 1,317 566
Deferred taxes, net 2,177 1,987
Gain from lease modification 0 (121)
Changes in operating assets and liabilities    
Accounts receivable (3,868) (6,409)
Other current assets (133) (1,941)
Accrued payroll (403) 636
Accounts payable, accrued expenses, and other current liabilities 1,912 3,620
Other long-term assets/liabilities 410 726
Net cash provided by operating activities 15,388 10,707
Investing activities    
Business acquisition adjustment, net of cash acquired 59 0
Purchase of equipment and improvements (53) (152)
Net cash provided by (used in) investing activities 6 (152)
Financing activities    
Repayment of secured term loan (16,200) (11,500)
Payment of deferred financing costs (43) (3)
Repurchased shares of common stock held as treasury stock 0 (211)
Proceeds from issuance of common stock upon exercise of options 231 27
Net cash used in financing activities (16,012) (11,687)
Net change in cash and cash equivalents (618) (1,132)
Cash and cash equivalents at beginning of period 1,357 1,790
Cash and cash equivalents at end of period 739 658
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 2,321 2,207
Cash paid during the period for income taxes 396 432
Supplemental disclosures of non-cash activity    
Non-cash cancellation of common stock $ 0 $ 211