XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net loss $ (14,209,000) $ (11,335,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 9,988,000 10,766,000
Amortization and write-off of debt issuance costs 519,000 145,000
Loss on disposal of operating assets or impairment of operating assets 4,957,000 31,000
LIFO expense (income) 293,000 (482,000)
Share transactions under employee stock plan 371,000 (502,000)
Deferred income taxes 228,000 850,000
Purchase price inventory adjustment 0 266,000
Other 0 (101,000)
Goodwill impairment 0 4,164,000
Other long-term liabilities 408,000 605,000
Changes in operating assets and liabilities, net of acquisition:    
Receivables (294,000) 10,892,000
Inventories 8,093,000 (314,000)
Refundable income taxes 1,482,000 743,000
Prepaid expenses and other current assets 1,493,000 (572,000)
Other assets (433,000) (76,000)
Accounts payable (2,315,000) 424,000
Accrued liabilities 1,414,000 (3,223,000)
Net cash provided by operating activities 11,995,000 12,281,000
Cash flows from investing activities:    
Acquisition of business 0 275,000
Proceeds from disposal of property, plant and equipment 70,000 0
Capital expenditures (2,339,000) (2,349,000)
Net cash used for investing activities (2,269,000) (2,074,000)
Cash flows from financing activities:    
Repayments of term note (14,332,000) (5,192,000)
Proceeds from revolving credit agreement 85,934,000 46,917,000
Repayments of revolving credit agreement (80,128,000) (50,667,000)
Proceeds from short-term debt borrowings 3,429,000 1,904,000
Repayments of short-term debt borrowings (3,143,000) (3,384,000)
Payments for debt financing (562,000) 0
Net cash used for financing activities (8,802,000) (10,422,000)
Increase (decrease) in cash and cash equivalents 924,000 (215,000)
Cash and cash equivalents at beginning of year 471,000 667,000
Effects of exchange rate changes on cash and cash equivalents 4,000 19,000
Cash and cash equivalents at end of year 1,399,000 471,000
Cash (paid) received during the year:    
Cash paid for interest (1,564,000) (1,420,000)
Cash income tax refunds received, net 1,343,000 2,897,000
Non-cash investing and financing activities:    
Capital expenditures funded by capital lease borrowings 288,000 0
Additions to property, plant & equipment - incurred but not yet paid $ 667,000 $ 256,000