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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 35,479 $ 27,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,636 6,197
Deferred income tax benefit (409) (430)
Gain on sale of businesses and assets (1,282) (626)
Impairment of assets 1,722 1,672
Unrealized loss on equity securities 1 58
Amortization of debt discount and issuance costs 199 160
Gain on debt extinguishment (83) (5,298)
Noncash lease expense 1,725 1,282
Gain on insurance (408) (294)
Doubtful accounts expense (reversal) on notes receivable 753 (22)
Changes in operating assets and liabilities:    
Accounts receivable 3,411 4,309
Inventories (492) (107)
Prepaid expenses, other current and other assets (3,271) 2,346
Accounts payable, accrued and other liabilities 1,773 (4,892)
Net cash provided by operating activities 46,754 32,217
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of businesses and assets 4,611 3,213
Proceeds from insurance 515 294
Proceeds from notes receivable 127 95
Payments for property and equipment and intangible assets (17,173) (10,788)
Acquisition of businesses, net of cash acquired (44,302) 0
Net cash used in investing activities (56,222) (7,186)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt obligations, including related party proceeds of $650 and $0, respectively 35,820 2,176
Payments on debt obligations (10,714) (10,845)
Purchase of treasury stock (12,057) (1,794)
Payment of dividends (1,322) (1,080)
Payment of loan origination costs (445) (25)
Net cash provided by (used in) financing activities 11,282 (11,568)
NET INCREASE IN CASH AND CASH EQUIVALENTS 1,814 13,463
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,686 15,605
CASH AND CASH EQUIVALENTS AT END OF PERIOD 37,500 29,068
CASH PAID DURING PERIOD FOR:    
Interest 7,915 7,761
Income taxes 8,990 4,047
Noncash investing and financing transactions:    
Debt incurred in connection with acquisition of businesses 33,200 0
Debt incurred in connection with purchase of property and equipment 4,820 0
Note receivable from sale of property 2,700 0
Issuance of shares of common stock for acquisition of businesses:    
Number of shares 500,000 0
Fair value 30,362 0
Adjustment to operating lease right-of-use assets and lease liabilities related to new and renewed leases 21,247 217
Unpaid liabilities on capital expenditures $ 1,325 $ 995