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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities:    
Net income $ 28,090 $ 4,998
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 6,500 7,206
Gain on sale of division 0 (2,006)
Stock-based compensation 3,914 2,308
Bad debt expense, net 36 274
Deferred income taxes (2,551) (5,548)
Changes in operating assets and liabilities:    
Accounts receivable, net (96,986) (27,011)
Contract assets and liabilities, net 178,161 10,001
Inventories (15,304) (19,387)
Income taxes (11) (857)
Prepaid expenses and other current assets (1,981) 18
Accounts payable (249) 1,526
Accrued liabilities 3,528 (676)
Other, net 2,167 1,370
Net cash provided by (used in) operating activities 105,314 (27,784)
Investing Activities:    
Purchases of short-term investments (18,789) (15,104)
Maturities of short-term investments 7,385 11,873
Proceeds from sale of division 0 4,348
Purchases of property, plant and equipment (4,006) (1,765)
Proceeds from sale of property, plant and equipment 12 629
Net cash used in investing activities (15,398) (19)
Financing Activities:    
Payments on industrial development revenue bonds 0 (400)
Shares withheld in lieu of employee tax withholding (582) (663)
Dividends paid (9,292) (9,170)
Net cash used in financing activities (9,874) (10,233)
Net increase (decrease) in cash and cash equivalents 80,042 (38,036)
Effect of exchange rate changes on cash and cash equivalents 1,359 (448)
Cash and cash equivalents at beginning of period 101,954 114,314
Cash and cash equivalents at end of period $ 183,355 $ 75,830