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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:      
Net income $ 220,704 $ 122,021 $ 52,226
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 13,360 13,976 15,640
Stock-based compensation expense 8,478 12,167 10,036
Inventory impairments and abandonments 2,963 853 2,903
Deferred and other income tax expense 53,267 21,501 17,664
Gain on sale of fixed assets (332) (392) (335)
Change in allowance for doubtful accounts (6) (68) 54
Equity in income of unconsolidated entities (521) (594) (347)
Cash distributions of income from unconsolidated entities 380 132 306
(Gain) loss on extinguishment of debt, net (309) 2,025 0
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (10,199) (5,800) 6,524
Decrease in income tax receivable 0 460 315
(Increase) decrease in inventory (231,445) (147,511) 154,865
(Increase) decrease in other assets (2,620) (1,922) 3
Increase in trade accounts payable 10,250 1,199 1,040
Increase in other liabilities 17,104 13,609 28,201
Net cash provided by operating activities 81,074 31,656 289,095
Cash flows from investing activities:      
Capital expenditures (15,048) (14,645) (10,642)
Proceeds from sale of fixed assets 339 456 478
Net cash used in investing activities (14,709) (14,189) (10,164)
Cash flows from financing activities:      
Repayment of debt (73,900) (82,476) (51,150)
Repayment of borrowings from credit facility (195,000) 0 (390,000)
Borrowings from credit facility 195,000 0 390,000
Debt issuance costs 0 (901) (202)
Repurchase of common stock (8,154) 0 (3,327)
Tax payments for stock-based compensation awards (6,631) (3,044) (2,686)
Stock option exercises and other financing activities 5 569 (1,832)
Net cash used in financing activities (88,680) (85,852) (59,197)
Net (decrease) increase in cash, cash equivalents, and restricted cash (22,315) (68,385) 219,734
Cash, cash equivalents, and restricted cash at beginning of period 274,143 342,528 122,794
Cash, cash equivalents, and restricted cash at end of period $ 251,828 $ 274,143 $ 342,528