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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:      
Net earnings $ 101,980 $ 81,039 $ 92,136
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Net earnings from discontinued operations, net of tax (76,515) (3,550) (5,875)
Depreciation and amortization 41,338 35,995 33,690
Stock compensation expense 5,550 5,088 5,029
Changes in assets and liabilities 23,793 (6,649) (9,552)
Change in property, plant and equipment from gain on building sale   (8,922)  
Effect of deferred taxes on tax provision (2,562) 61 (21,031)
Pension contributions (25,650) (2,500) (9,951)
Pension plan termination charge 40,600    
Net cash provided by operating activities - continuing operations 108,534 100,562 84,446
Net cash (used) provided by discontinued operations (26,254) 4,575 8,813
Net cash provided by operating activities 82,280 105,137 93,259
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired   (95,840) (9,813)
Capital expenditures (32,108) (24,229) (15,243)
Additions to capitalized software (9,023) (8,374) (9,573)
Proceeds from sale of building and land   17,201  
Net cash used by investing activities - continuing operations (41,131) (111,242) (34,629)
Net cash provided (used) by investing activities - discontinued operations 182,084 (13,903) (6,978)
Net cash provided (used) by investing activities 140,953 (125,145) (41,607)
Cash flows from financing activities:      
Proceeds from long-term debt 12,368 130,000 55,000
Principal payments on long-term debt (235,000) (65,000) (110,000)
Dividends paid (8,323) (8,302) (8,278)
Debt issuance costs   (1,071)  
Other (3,125) (3,371) (3,078)
Net cash provided (used) by financing activities - continuing operations (234,080) 52,256 (66,356)
Net cash used by financing activities - discontinued operations (2,140) (2,472) (1,922)
Net cash provided (used) by financing activities (236,220) 49,784 (68,278)
Effect of exchange rate changes on cash and cash equivalents 3,739 1,555 1,587
Net increase (decrease) in cash and cash equivalents (9,248) 31,331 (15,039)
Cash and cash equivalents at beginning of year 61,808 30,477 45,516
Cash and cash equivalents at end of year 52,560 61,808 30,477
Changes in assets and liabilities:      
Accounts receivable, net 14,633 (8,722) (340)
Contract assets 13,465 (57,177) (5,748)
Inventories (11,233) 7,109 (9,440)
Other assets and liabilities (6,615) 7,708 1,334
Accounts payable (13,275) 10,716 7,932
Contract liabilities 19,374 32,142 (1,999)
Accrued expenses 7,444 1,575 (1,291)
Changes in assets and liabilities 23,793 (6,649) (9,552)
Supplemental cash flow information:      
Interest paid 5,869 8,076 8,540
Income taxes paid (including state & foreign) $ 37,714 $ 26,084 $ 8,789