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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 5,778 $ 3,978
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation of property, equipment and improvements 3,211 3,472
Amortization of intangible assets 11,989 10,687
Stock-based compensation 6,331 5,323
Deferred income tax provision 1,995 744
Loss on sale of property and equipment 65 0
Change in fair value of contingent consideration 5,772 (128)
Provision for bad debt and product returns 1,520 438
Provision for inventory obsolescence 1,200 1,467
Restructuring charge 995 129
Other 84 (37)
Changes in operating assets and liabilities (net of acquisitions) 3,144 (6,920)
Net cash provided by (used in) operating activities 42,084 19,153
Investing activities:    
Acquisition of business, net of cash acquired (6,312) (136,098)
Purchase of property, equipment, improvements and certain other intangible assets (1,645) (693)
Net cash used in investing activities (7,957) (136,791)
Financing activities:    
Proceeds from long-term debt 618 119,018
Payments on long-term debt (15,625) (40,268)
Payments for contingent consideration (4,200) (4,698)
Proceeds from issuance of stock, net of offering expenses 73,830 0
Proceeds from stock option plan transactions 7,024 5,063
Proceeds from employee stock purchase plan transactions 917 798
Purchases of common stock (1,985) (1,692)
Net cash provided by financing activities 60,579 78,221
Effect of exchange rate changes on cash and cash equivalents (1,893) 1,710
Net increase (decrease) in cash and cash equivalents 92,813 (37,707)
Cash and cash equivalents, beginning of period 54,129 92,792
Cash and cash equivalents, end of period 146,942 55,085
Supplemental schedule of non-cash investing and financing activities    
Transfer of inventory to property, equipment and improvements (1,624) (1,202)
Contingent consideration recognized related to acquisition of business (5,914) (5,100)
Tenant improvement allowance (1,000) 0
Accrual for purchase of property, equipment, improvements and certain other intangible assets $ (14) $ 0