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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating Activities:      
Net income $ 54,525 $ 13,737 $ 631
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 8,606 9,358 10,335
Gain on sale of division 0 (2,006) 0
Stock-based compensation 4,599 4,090 2,583
Bad debt expense, net (54) 162 48
Deferred income taxes (7,847) (4,861) (995)
Changes in operating assets and liabilities:      
Accounts receivable, net (99,718) (31,629) (7,509)
Contract assets and liabilities, net 227,598 3,122 (39,951)
Inventories (13,276) (21,426) (599)
Income taxes 4,812 688 (473)
Prepaid expenses and other current assets (3,253) (2,577) 412
Accounts payable (6,167) 18,594 9,760
Accrued liabilities 11,729 8,908 (3,151)
Other, net 999 258 (1,552)
Net cash provided by (used in) operating activities 182,553 (3,582) (30,461)
Investing Activities:      
Purchases of short-term investments (33,515) (22,381) (27,735)
Maturities of short-term investments 14,748 26,320 27,688
Proceeds from sale of division 0 4,348 0
Purchases of property, plant and equipment (7,819) (2,451) (2,931)
Proceeds from sale of property, plant and equipment 12 629 40
Proceeds from life insurance policy 0 0 474
Net cash provided by (used in) investing activities (26,574) 6,465 (2,464)
Financing Activities:      
Payments on industrial development revenue bonds 0 (400) (400)
Shares withheld in lieu of employee tax withholding (652) (675) (632)
Dividends paid (12,407) (12,233) (12,142)
Net cash used in financing activities (13,059) (13,308) (13,174)
Net increase (decrease) in cash, cash equivalents and restricted cash 142,920 (10,425) (46,099)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,001 (1,935) 197
Cash, cash equivalents and restricted cash at beginning of period 101,954 114,314 160,216
Cash, cash equivalents and restricted cash at end of period $ 245,875 $ 101,954 $ 114,314