XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 79,557 $ 36,525
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 5,912 6,805
Stock-based compensation expense 4,532 6,060
Inventory impairments and abandonments 935 465
Deferred and other income tax expense 16,531 11,786
Gain on sale of fixed assets (159) (170)
Change in allowance for doubtful accounts 0 (60)
Equity in income of unconsolidated entities (451) (111)
Cash distributions of income from unconsolidated entities 248 0
Loss on extinguishment of debt, net 164 563
Changes in operating assets and liabilities:    
Decrease in accounts receivable 1,396 2,719
Decrease in income tax receivable 0 49
Increase in inventory (174,225) (31,231)
Decrease in other assets 1,109 1,327
Increase in trade accounts payable 13,866 18,440
Decrease in other liabilities (7,545) (3,028)
Net cash (used in) provided by operating activities (58,130) 50,139
Cash flows from investing activities:    
Capital expenditures (6,195) (6,514)
Proceeds from sale of fixed assets 159 170
Net cash used in investing activities (6,036) (6,344)
Cash flows from financing activities:    
Repayment of debt (6,113) (10,212)
Debt issuance costs 0 (427)
Tax payments for stock-based compensation awards (6,620) (2,620)
Stock option exercises 4 631
Net cash used in financing activities (12,729) (12,628)
Net (decrease) increase in cash, cash equivalents, and restricted cash (76,895) 31,167
Cash, cash equivalents, and restricted cash at beginning of period 274,143 342,528
Cash, cash equivalents, and restricted cash at end of period $ 197,248 $ 373,695