XML 47 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 104,599 $ 36,114
Earnings from discontinued operations (76,013) (942)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 20,583 16,837
Stock compensation expense 2,896 2,557
Changes in assets and liabilities (16,247) (28,124)
Change in property, plant and equipment due to gain on sale of building   (8,922)
Pension contributions   (833)
Effect of deferred taxes 834 (1,431)
Net cash provided by operating activities - continuing operations 36,652 15,256
Net cash (used) provided by operating activities - discontinued operations (14,622) 1,736
Net cash provided by operating activities 22,030 16,992
Cash flows from investing activities:    
Proceeds from sale of building and land   17,201
Additions to capitalized software (4,280) (4,494)
Capital expenditures (21,211) (10,127)
Net cash (used) provided by investing activities - continuing operations (25,491) 2,580
Proceeds from sale of discontinued operations 183,997  
Capital expenditures - discontinued operations (1,728) (7,298)
Net cash provided (used) by investing activities - discontinued operations 182,269 (7,298)
Net cash provided (used) by investing activities 156,778 (4,718)
Cash flows from financing activities:    
Proceeds from long-term debt and short-term borrowings 10,000 23,000
Principal payments on long-term debt (145,000) (26,000)
Dividends paid (4,156) (4,146)
Other   370
Net cash used by financing activities - continuing operations (139,156) (6,776)
Net cash (used) provided by financing activities - discontinued operations (2,140) 1,091
Net cash (used) by financing activities (141,296) (5,685)
Effect of exchange rate changes on cash and cash equivalents 875 (2,111)
Net increase in cash and cash equivalents 38,387 4,478
Cash and cash equivalents, beginning of period 61,808 30,477
Cash and cash equivalents, end of period 100,195 34,955
Supplemental cash flow information:    
Interest paid 3,477 3,594
Income taxes paid (including state and foreign) $ 23,098 $ 13,450