XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings $ 21,884 $ 17,439
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 14,688 11,238
Stock compensation expense 2,870 2,689
Changes in assets and liabilities (4,972) (26,494)
Effect of deferred taxes (1,645) 1,646
Change in deferred revenue and costs, net 3,948 1,992
Pension contributions (360) 0
Other 242 569
Net cash provided by operating activities 36,655 9,079
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired (75,000) (41,308)
Additions to capitalized software (3,445) (3,716)
Capital expenditures (15,435) (5,284)
Proceeds from life insurance 2,307 0
Net cash used by investing activities (91,573) (50,308)
Cash flows from financing activities:    
Proceeds from long-term debt 103,000 76,890
Principal payments on long-term debt (43,000) (28,000)
Dividends paid (4,115) (4,131)
Purchases of common stock into treasury 0 (3,088)
Debt issuance costs 0 (1,037)
Other (112) 89
Net cash provided by financing activities 55,773 40,723
Effect of exchange rate changes on cash and cash equivalents (1,180) (146)
Net decrease in cash and cash equivalents (325) (652)
Cash and cash equivalents, beginning of period 53,825 39,411
Cash and cash equivalents, end of period $ 53,500 $ 38,759