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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 133,881 $ 73,660
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 9,101 10,494
Stock-based compensation expense 6,515 9,254
Inventory impairments and abandonments 935 696
Deferred and other income tax expense 29,683 22,587
Gain on sale of fixed assets (252) (258)
Change in allowance for doubtful accounts (6) (66)
Equity in income of unconsolidated entities (454) (424)
Cash distributions of income from unconsolidated entities 380 66
Gain (loss) on extinguishment of debt, net 78 1,613
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivable 554 (3,145)
Decrease in income tax receivable 0 49
Increase in inventory (351,424) (54,867)
Increase in other assets (4,540) (4,195)
Increase in trade accounts payable 12,473 22,892
(Decrease) increase in other liabilities (1,428) 186
Net cash (used in) provided by operating activities (164,504) 78,542
Cash flows from investing activities:    
Capital expenditures (11,192) (10,319)
Proceeds from sale of fixed assets 257 308
Net cash used in investing activities (10,935) (10,011)
Cash flows from financing activities:    
Repayment of debt (7,750) (25,128)
Repayment of borrowings from credit facility (80,000) 0
Borrowings from credit facility 80,000 0
Debt issuance costs 0 (427)
Repurchase of common stock (2,527) 0
Tax payments for stock-based compensation awards (6,631) (3,044)
Stock option exercises 5 564
Net cash used in financing activities (16,903) (28,035)
Net (decrease) increase in cash, cash equivalents, and restricted cash (192,342) 40,496
Cash, cash equivalents, and restricted cash at beginning of period 274,143 342,528
Cash, cash equivalents, and restricted cash at end of period $ 81,801 $ 383,024