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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating activities:      
Net income $ 8,411 $ 9,958 $ 1,631
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation of property, equipment and improvements 4,545 4,578 3,349
Amortization of identifiable intangible assets 14,754 8,818 9,435
Stock-based compensation 7,237 5,655 4,854
Deferred income tax benefit (3,357) (799) (376)
Gain on sale of property, equipment and improvements 0 (4,392) (622)
Change in fair value of contingent consideration (128) 1,190 1,377
Provision for bad debt and product returns 2,135 635 1,120
Provision for inventory obsolescence 2,630 1,874 2,056
Other, net 366 (156) 368
Changes in operating assets and liabilities (net of acquisitions):      
Accounts receivable 5,539 (6,589) (16,004)
Inventories (11,133) (1,062) (11,344)
Other assets (704) (866) (1,412)
Income taxes (1,100) (103) 697
Accounts payable 3,205 8,232 2,728
Accrued expenses 2,078 1,991 (635)
Net cash provided by (used in) operating activities 34,478 28,964 (2,778)
Investing activities:      
Proceeds from maturities of marketable securities 0 4,750 32,032
Proceeds from sale of business 0 0 2,000
Acquisition of businesses, net of cash acquired (136,098) 0 (56,258)
Proceeds from sale of property and equipment 0 10,096 731
Purchase of property, equipment, improvements and certain other intangible assets (899) (9,335) (1,842)
Net cash (used in) provided by investing activities (136,997) 5,511 (23,337)
Financing activities:      
Proceeds from long-term debt 119,018 0 0
Payments on long-term debt (55,893) 0 0
Acquisition earn-out payments (4,698) (3,748) 0
Proceeds from stock option plan transactions 5,902 4,874 5,460
Proceeds from employee stock purchase plan transactions 1,065 1,058 1,115
Taxes paid for net share settlement of share-based payment awards (1,791) (1,071) (748)
Net cash provided by financing activities 63,603 1,113 5,827
Effect of exchange rate changes on cash and cash equivalents 253 (810) 80
Net (decrease) increase in cash and cash equivalents (38,663) 34,778 (20,208)
Cash and cash equivalents, beginning of period 92,792 58,014 78,222
Cash and cash equivalents, end of period 54,129 92,792 58,014
Supplemental disclosures of cash flow information:      
Interest paid 3,009 1 10
Income taxes paid, net 3,686 2,048 1,235
Supplemental schedule of non-cash investing and financing activities:      
Accrual for property, equipment, improvements and certain other intangibles assets (26) 0 (78)
Transfer of inventory to property, equipment and improvements (1,363) (1,064) (2,159)
Liability related to acquisition of business $ (5,100) $ 0 $ (2,300)