| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
139,051 | 136,645 | 84,639 | 58,796 | -4,955 | -73,948 | |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Gain on sale of a business | ||||||
0 | 27,575 | 5,093 | 357 | -1,240 | 0 | |
Impairment of assets | ||||||
- | - | - | 129 | 27,937 | 44,424 | |
Depreciation, Depletion and Amortization | ||||||
72,347 | 66,890 | 54,727 | 55,017 | 59,465 | 58,695 | |
Amortization of debt issuance costs and original issue discount | ||||||
1,804 | 1,542 | 1,446 | 3,586 | 3,631 | 4,731 | |
Deferred income taxes | ||||||
-796 | -9,008 | 938 | 2,556 | -3,650 | -36,510 | |
Loss on extinguishment of debt | ||||||
0 | 0 | -9,805 | 1,661 | 0 | -43,667 | |
Provision for losses on accounts receivable and inventory | ||||||
4,656 | 7,241 | 1,333 | 3,021 | 546 | 3,254 | |
Stock-based compensation | ||||||
11,798 | 14,664 | 12,788 | 21,127 | 13,523 | 8,398 | |
Gain on purchase of business | ||||||
7,384 | 0 | 0 | - | - | - | |
Other adjustments to net income | ||||||
-1,938 | 2,023 | 896 | -190 | 0 | 0 | |
Changes in operating assets and liabilities, net of effects from acquisitions | ||||||
Accounts receivable | ||||||
-6,026 | 44,419 | 13,445 | -24,538 | -7,038 | 12,124 | |
Inventories | ||||||
-9,002 | 36,528 | 10,301 | 2,437 | -67,509 | -7,675 | |
Prepaid expenses and other current assets | ||||||
3,054 | 1,762 | 3,074 | 2,986 | 616 | -16,613 | |
Accounts payable | ||||||
-21,981 | 31,667 | 8,673 | 4,061 | -43,710 | 26,804 | |
Income taxes | ||||||
4,511 | -3,179 | -9,138 | 1,005 | -3,814 | 654 | |
Accrued and other liabilities | ||||||
-2,782 | 7,243 | -11,232 | -9,551 | 16,311 | -1,028 | |
Other, net | ||||||
1,566 | -259 | 1,308 | 8 | -618 | 3,093 | |
Net cash provided by continuing operating activities | ||||||
- | - | - | - | - | 88,212 | |
Net cash (used for) discontinued operating activities | ||||||
- | - | - | - | - | -1,879 | |
Net cash provided by operating activities | ||||||
209,694 | 145,703 | 121,654 | 156,646 | 141,073 | 86,333 | |
Investing activities: | ||||||
Capital expenditures | ||||||
34,860 | 38,501 | 25,122 | 16,830 | 26,849 | 24,362 | |
Proceeds from sale of properties, plant and equipment | ||||||
80 | 349 | 100 | 75 | 1,451 | 7,396 | |
Divestiture of business | ||||||
- | - | - | 0 | - | - | |
Proceeds from divestiture of business | ||||||
0 | 42,631 | 0 | 2,400 | - | - | |
Proceeds from sale of assets held for sale | ||||||
0 | 0 | 3,024 | - | 0 | 0 | |
Acquisition of businesses, net of cash acquired | ||||||
97,999 | 3,467 | 183,923 | 0 | 30,549 | 39,787 | |
Working capital adjustment for acquisition | ||||||
- | - | - | - | - | 5,142 | |
Proceeds from sale of an investment | ||||||
- | - | - | 1,328 | 4,844 | 2,736 | |
Other, net | ||||||
322 | -1,502 | -88 | -132 | 78 | -15 | |
Net cash (used for) continuing investing activities | ||||||
- | - | - | - | -51,181 | -48,860 | |
Net cash provided by discontinued investing activities | ||||||
- | - | - | - | 4,540 | 0 | |
Net cash used in investing activities | ||||||
-133,101 | 2,514 | -205,833 | -12,895 | -46,641 | -48,860 | |
Financing activities: | ||||||
Borrowings under credit facility | ||||||
39,000 | 358,000 | 97,000 | 0 | 788,000 | 657,000 | |
Repayments under credit facility | ||||||
39,000 | 443,000 | 12,000 | 0 | 828,000 | 676,000 | |
Issuance of short-term debt | ||||||
- | - | - | - | 1,692 | 4,126 | |
Repayments of short-term debt | ||||||
20,980 | 8,150 | 4,200 | 1,619 | 1,661 | 5,825 | |
Issuance of long-term debt | ||||||
0 | 426,217 | 498,750 | 0 | 0 | 665,400 | |
Repayments of long-term debt | ||||||
40,000 | 1,217 | 641,100 | 22,175 | 4,200 | 438,558 | |
Issuance of common stock | ||||||
7,374 | 20,110 | 12,168 | 52 | 49 | 674 | |
Repurchase of common stock | ||||||
24,419 | 411,775 | 13,938 | 0 | 882 | 252,765 | |
Payments for debt financing costs and fees | ||||||
0 | 5,955 | 4,375 | 0 | 102 | 11,925 | |
Proceeds from foreign exchange forward option | ||||||
- | - | - | - | 999 | 0 | |
Other, net | ||||||
-155 | -161 | -65 | -166 | -1 | 289 | |
Net cash used for financing activities | ||||||
-78,180 | -65,931 | -67,760 | -23,908 | -44,106 | -57,584 | |
Effects of foreign exchange rate changes on cash and cash equivalents | ||||||
-1,660 | -1,342 | -2,622 | -162 | -3,088 | -1,299 | |
Increase (decrease) in cash and cash equivalents | ||||||
-3,247 | 80,944 | -154,561 | 119,681 | 47,238 | -21,410 | |
Supplementary Cash Flow information | ||||||
Interest paid | ||||||
49,879 | 39,898 | 26,131 | 49,855 | 41,460 | 42,833 | |
Income taxes paid, net of refunds | ||||||
38,698 | 41,601 | 49,813 | 30,859 | 4,759 | 2,206 | |
Capital expenditures, not yet paid | ||||||
3,719 | 916 | 1,330 | 525 | 327 | 236 | |
Non-cash preferred stock dividends | ||||||
- | - | - | - | - | 29,055 | |
Reclassification of stock-based compensation liability | ||||||
- | - | - | 43,870 | 0 | 0 | |