XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating Activities:    
Net income (loss) $ 1,162 $ (2,846)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation 2,136 2,414
Stock-based compensation 1,307 1,008
Bad debt expense, net 6 91
Deferred income taxes (895) (915)
Changes in operating assets and liabilities:    
Accounts receivable, net (44,547) (1,189)
Contract assets and liabilities, net 78,298 (6,730)
Inventories (4,406) (6,312)
Income taxes 1,048 (578)
Prepaid expenses and other current assets 368 857
Accounts payable (24,149) (2,918)
Accrued liabilities (12,741) (11,035)
Other, net 1,864 320
Net cash used in operating activities (549) (27,833)
Investing Activities:    
Purchases of short-term investments 0 (3,937)
Maturities of short-term investments 3,690 0
Purchases of property, plant and equipment (2,726) (436)
Proceeds from sale of property, plant and equipment 11 0
Net cash provided by (used in) investing activities 975 (4,373)
Financing Activities:    
Payments on industrial development revenue bonds 0 (400)
Shares withheld in lieu of employee tax withholding (423) (660)
Dividends paid (3,074) (3,048)
Net cash used in financing activities (3,497) (4,108)
Net decrease in cash and cash equivalents (3,071) (36,314)
Effect of exchange rate changes on cash and cash equivalents 749 (95)
Cash and cash equivalents at beginning of period 101,954 114,314
Cash and cash equivalents at end of period $ 99,632 $ 77,905