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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:      
Net earnings $ 53,703 $ 45,882 $ 42,512
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Net earnings from discontinued operations, net of tax 0 0 (776)
Depreciation and amortization 32,229 23,568 18,584
Stock compensation expense 5,444 4,704 4,779
Changes in assets and liabilities (17,889) 1,746 (745)
Effect of deferred taxes on tax provision 1,360 (2,993) 1,417
Pension contributions (2,677) 0 (650)
Other (4,830) 952 (144)
Net cash provided by operating activities - continuing operations 67,340 73,859 64,977
Net cash provided by discontinued operations 0 0 776
Net cash provided by operating activities 67,340 73,859 65,753
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (198,628) (82,062) (20,500)
Capital expenditures (29,728) (13,843) (12,444)
Additions to capitalized software (9,002) (8,665) (6,901)
Proceeds from sale of land 1,184 0 0
Proceeds from life insurance 2,307 0 0
Net cash used by investing activities - continuing operations (233,867) (104,570) (39,845)
Net cash provided by investing activities - discontinued operations 0 0 0
Net cash used by investing activities (233,867) (104,570) (39,845)
Cash flows from financing activities:      
Proceeds from long-term debt 257,000 140,000 106,000
Principal payments on long-term debt (92,000) (80,000) (96,000)
Dividends paid (8,257) (8,248) (8,369)
Purchases of shares into treasury 0 (4,303) (18,248)
Debt issuance costs 0 (1,097) 0
Other 20 (128) (24)
Net cash provided (used) by financing activities 156,763 46,224 (16,641)
Effect of exchange rate changes on cash and cash equivalents 1,455 (1,099) (4,987)
Net (decrease) increase in cash and cash equivalents (8,309) 14,414 4,280
Cash and cash equivalents at beginning of year 53,825 39,411 35,131
Cash and cash equivalents at end of year 45,516 53,825 39,411
Changes in assets and liabilities:      
Accounts receivable, net (23,587) (9,088) 3,848
Costs and estimated earnings on long-term contracts, net (18,540) (359) (589)
Inventories 3,959 1,101 (5,494)
Other assets and liabilities 4,928 772 1,420
Accounts payable 8,735 (1,953) (2,496)
Advance payments on long-term contracts, net 6,264 (2,439) 3,591
Accrued expenses 5,644 4,042 (7,045)
Deferred revenue and costs, net 1,650 5,460 1,183
Pension obligations (6,942) 4,210 4,837
Changes in assets and liabilities (17,889) 1,746 (745)
Supplemental cash flow information:      
Interest paid 3,731 1,361 876
Income taxes paid (including state & foreign) $ 25,674 $ 22,631 $ 13,611