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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:      
Net earnings $ 92,136 $ 53,703 $ 45,882
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 37,755 32,229 23,568
Stock compensation expense 5,218 5,444 4,704
Changes in assets and liabilities (10,315) (17,889) 1,746
Effect of deferred taxes on tax provision (21,584) 1,360 (2,993)
Pension contributions (9,951) (2,677) 0
Other 0 (4,830) 952
Net cash provided by operating activities 93,259 67,340 73,859
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (11,445) (198,628) (82,062)
Capital expenditures (20,589) (29,728) (13,843)
Additions to capitalized software (9,573) (9,002) (8,665)
Proceeds from sale of land 0 1,184 0
Proceeds from life insurance 0 2,307 0
Net cash used by investing activities (41,607) (233,867) (104,570)
Cash flows from financing activities:      
Proceeds from long-term debt 55,000 257,000 140,000
Principal payments on long-term debt (110,000) (92,000) (80,000)
Dividends paid (8,278) (8,257) (8,248)
Purchases of shares into treasury 0 0 (4,303)
Debt issuance costs 0 0 (1,097)
Other (3,078) 20 (128)
Net cash (used) provided by financing activities (66,356) 156,763 46,224
Effect of exchange rate changes on cash and cash equivalents (335) 1,455 (1,099)
Net (decrease) increase in cash and cash equivalents (15,039) (8,309) 14,414
Cash and cash equivalents at beginning of year 45,516 53,825 39,411
Cash and cash equivalents at end of year 30,477 45,516 53,825
Changes in assets and liabilities:      
Accounts receivable, net (2,789) (23,587) (9,088)
Costs and estimated earnings on long-term contracts, net (5,748) (18,540) (359)
Inventories (9,830) 3,959 1,101
Other assets and liabilities (695) (2,014) 4,982
Accounts payable 9,442 8,735 (1,953)
Advance payments on long-term contracts, net (2,984) 6,264 (2,439)
Accrued expenses 771 5,644 4,042
Deferred revenue and costs, net 1,518 1,650 5,460
Changes in assets and liabilities (10,315) (17,889) 1,746
Supplemental cash flow information:      
Interest paid 8,540 3,731 1,361
Income taxes paid (including state & foreign) $ 8,789 $ 25,674 $ 22,631