XML 23 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:      
Net earnings $ 45,882 $ 42,512 $ 410
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Net (earnings) loss from discontinued operations, net of tax 0 (776) 42,203
Depreciation and amortization 23,568 18,584 16,362
Stock compensation expense 4,704 4,779 4,815
Changes in assets and liabilities 1,746 (745) (10,533)
Effect of deferred taxes on tax provision (2,993) 1,417 (2,664)
Pension contributions 0 (650) (2,700)
Other 952 (144) (3,008)
Net cash provided by operating activities - continuing operations 73,859 64,977 44,885
Net cash provided (used) by discontinued operations 0 776 (1,443)
Net cash provided by operating activities 73,859 65,753 43,442
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (82,062) (20,500) 0
Capital expenditures (13,843) (12,444) (12,714)
Additions to capitalized software (8,665) (6,901) (8,629)
Net cash used by investing activities - continuing operations (104,570) (39,845) (21,343)
Net cash provided by investing activities - discontinued operations 0 0 123,512
Net cash (used) provided by investing activities (104,570) (39,845) 102,169
Cash flows from financing activities:      
Proceeds from long-term debt 140,000 106,000 84,000
Principal payments on long-term debt (80,000) (96,000) (216,000)
Dividends paid (8,248) (8,369) (8,472)
Purchases of shares into treasury (4,303) (18,248) (11,970)
Debt issuance costs (1,097) 0 0
Other (128) (24) (45)
Net cash provided (used) by financing activities 46,224 (16,641) (152,487)
Effect of exchange rate changes on cash and cash equivalents (1,099) (4,987) (843)
Net increase (decrease) in cash and cash equivalents 14,414 4,280 (7,719)
Cash and cash equivalents at beginning of year 39,411 35,131 42,850
Cash and cash equivalents at end of year 53,825 39,411 35,131
Changes in assets and liabilities:      
Accounts receivable, net (9,088) 3,848 (13,469)
Costs and estimated earnings on long-term contracts, net (359) (589) (7,081)
Inventories 1,101 (5,494) (4,064)
Other assets and liabilities 772 1,420 2,522
Accounts payable (1,953) (2,496) 1,791
Advance payments on long-term contracts, net (2,439) 3,591 (2,508)
Accrued expenses 4,042 (7,045) 8,659
Deferred revenue and costs, net 5,460 1,183 2,458
Pension obligations 4,210 4,837 1,159
Changes in assets and liabilities 1,746 (745) (10,533)
Supplemental cash flow information:      
Interest paid 1,361 876 1,863
Income taxes paid (including state & foreign) $ 22,631 $ 13,611 $ 29,944