| Sep'19 | Sep'18 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
92,647 | 124,120 | 124,120 | 79,730 | 45,585 | 33,015 | 9,821 | -900 | 22,113 | 28,382 | 47,796 | 67,609 |
Adjustments to reconcile net income to net cash used by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
50,828 | 47,199 | 47,199 | 42,719 | 40,001 | 33,703 | 35,781 | 32,968 | 30,425 | 28,566 | 28,869 | 29,155 |
Amortization of deferred financing costs | |||||||||||
1,832 | 1,748 | 1,748 | 1,361 | 1,504 | 1,996 | 2,107 | 2,174 | - | - | - | - |
Stock-based compensation | |||||||||||
14,700 | 11,602 | 11,600 | 11,100 | 8,356 | 8,315 | 7,678 | 15,892 | 7,510 | 7,447 | 5,556 | 10,646 |
Excess tax benefits from stock-based awards | |||||||||||
0 | 0 | 0 | 19,946 | 6,869 | 2,154 | 498 | 388 | 1,881 | 945 | 836 | 542 |
Deferred income taxes | |||||||||||
6,659 | -4,833 | -4,833 | 10,789 | 3,189 | 15,566 | 5,548 | -3,233 | 14,411 | 25,289 | 17,420 | 25,713 |
Unrealized losses on derivative financial instruments | |||||||||||
- | - | - | - | - | - | - | - | 83 | -57 | - | - |
Gain on sale of property and equipment | |||||||||||
0 | 0 | 0 | 2,050 | 2,544 | 0 | 4,875 | 0 | -180 | -110 | 395 | 805 |
Loss on disposal of property, plant and equipment | |||||||||||
730 | 273 | 273 | 65 | 1,163 | 702 | 1,063 | 547 | - | - | - | - |
Write-off of deferred financing costs | |||||||||||
- | 0 | - | - | 3,337 | 537 | 1,731 | 0 | - | - | - | - |
Loss on acquisition of business | |||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | - | - |
Reversal of property sale gain | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,700 |
Loss on extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 3,633 | 0 |
Asset impairments | |||||||||||
- | 0 | - | - | 19,367 | 7,272 | 5,870 | 7,709 | - | - | 12,000 | 0 |
Other | |||||||||||
570 | -1,840 | -1,840 | -3,999 | -987 | 69 | -249 | -370 | - | - | - | - |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | - | 0 | 0 | - | - |
Proceeds from interest rate swap termination, net of amounts reclassified into earnings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,901 |
Change in assets and liabilities (excluding businesses acquired): | |||||||||||
Accounts receivable | |||||||||||
-1,485 | 28,741 | 28,741 | 32,419 | -27,444 | 9,093 | -2,655 | -8,185 | 6,841 | -37 | 14,132 | -50,046 |
Inventories | |||||||||||
3,696 | 15,087 | 15,087 | 15,885 | 6,519 | -4,403 | -69,698 | 61,697 | 164 | 31,683 | 1,227 | -62,886 |
Prepaid expenses and other assets | |||||||||||
2,643 | 3,803 | 3,803 | -2,845 | -6,901 | 4,325 | 176 | -2,624 | -7,549 | 3,339 | -3,677 | -672 |
Accounts payable | |||||||||||
30,473 | -1,163 | -1,163 | -2,143 | -2,793 | -4,757 | -16,321 | -23,866 | 9,805 | 7,404 | 2,918 | -24,517 |
Accrued expenses | |||||||||||
12,261 | -20,096 | -20,096 | 35,018 | 11,234 | 1,485 | 8,442 | -7,781 | 4,955 | -9,956 | 981 | -3,315 |
Other long-term obligations | |||||||||||
306 | 1,053 | 1,053 | -889 | 1,083 | 853 | -2,306 | -886 | 1,190 | -361 | -85 | -2,511 |
Net cash used by operating activities | |||||||||||
204,974 | 114,112 | 114,112 | 114,309 | 151,426 | 87,449 | 126,467 | -28,282 | 89,169 | 51,008 | 135,229 | 221,638 |
Cash flows from investing activities: | |||||||||||
Additions to plant, property and equipment | |||||||||||
31,577 | 37,845 | 37,845 | 44,659 | 27,622 | 22,030 | 17,173 | 25,172 | 39,592 | 31,563 | 24,190 | 16,505 |
Businesses acquired, net of cash acquired | |||||||||||
41,161 | 91,244 | 91,244 | 103,880 | 69,001 | 38,384 | 20,282 | 4,835 | 0 | 25,307 | 1,756 | 6,549 |
Escrow deposit for acquisition-related contingent consideration | |||||||||||
0 | 0 | 0 | 6,000 | 0 | 0 | - | - | - | - | - | - |
Proceeds from the sale of business, facility and other assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,512 |
Proceeds from asset sales | |||||||||||
0 | 0 | 0 | 8,547 | 3,911 | 0 | 8,737 | 0 | - | - | - | - |
Change in restricted cash and cash equivalents. | |||||||||||
- | -1,746 | - | - | -2,247 | -1,126 | 14,283 | 0 | - | - | - | - |
Investments | |||||||||||
2,010 | 9,048 | 9,048 | 12,495 | 0 | 0 | - | - | - | - | - | - |
Return of equity method investment | |||||||||||
- | - | - | - | - | - | - | - | 0 | 3,133 | 0 | 0 |
Proceeds from short-term investments. | |||||||||||
- | - | - | - | - | 9,997 | 17,820 | 4,885 | -4,885 | -2,500 | - | - |
Investment in short-term investments | |||||||||||
- | - | - | - | - | 17 | 10,000 | 0 | - | - | 15,320 | 0 |
Other investing activities | |||||||||||
1,515 | 2,745 | 2,745 | 4,355 | 730 | 546 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | |||||||||||
-76,263 | -139,136 | -140,882 | -162,842 | -91,195 | -49,854 | -35,181 | -25,122 | -44,477 | -56,237 | -41,266 | -20,542 |
Cash flows from financing activities: | |||||||||||
Repayments on revolving line of credit | |||||||||||
0 | 23,000 | 23,000 | 552,000 | 419,000 | 312,000 | 301,000 | 368,000 | 339,000 | 668,000 | 10,000 | 551,000 |
Borrowings on revolving line of credit | |||||||||||
0 | 23,000 | 23,000 | 552,000 | 419,000 | 312,000 | 278,000 | 391,000 | 304,000 | 703,000 | 10,000 | 473,000 |
Repayments of long-term debt | |||||||||||
46,193 | 431 | 431 | 463 | 400,307 | 50,289 | 367 | 332 | 353 | 335 | 407,924 | 25,001 |
Issuance of long-term debt | |||||||||||
0 | 300,000 | 300,000 | 0 | 400,000 | 0 | 0 | - | 49,312 | 0 | 400,000 | 0 |
Proceeds from issuance of common stock, net of offering costs | |||||||||||
0 | 195,631 | 195,631 | 0 | 324 | 200 | 1,165 | 613 | 2,129 | 1,675 | 1,294 | 479 |
Excess tax benefits from stock-based awards | |||||||||||
0 | 0 | 0 | 19,946 | 6,869 | 2,154 | 498 | 388 | 1,881 | 945 | 836 | 542 |
Repurchase of common stock, including shares surrendered for tax withholding | |||||||||||
62,974 | 13,797 | 13,797 | 27,556 | 10,873 | 18,497 | 2,332 | 2,731 | 24,829 | 108,727 | 66,901 | 37,821 |
Payments of contingent consideration | |||||||||||
170 | 253 | 253 | 1,300 | 2,026 | 0 | 0 | - | - | - | - | - |
Distribution to noncontrolling interest | |||||||||||
76 | 1,597 | 1,597 | 1,019 | 592 | 1,680 | 633 | 629 | 0 | 1,500 | 2,761 | 2,082 |
Payment of financing costs | |||||||||||
1,352 | 4,770 | 4,770 | 0 | 7,560 | 258 | 3,090 | 0 | 1,715 | 1,055 | 12,711 | 128 |
Net cash used by financing activities | |||||||||||
-110,765 | 474,783 | 474,783 | -10,392 | -14,165 | -68,370 | -27,759 | 20,309 | -8,575 | -73,997 | -88,167 | -142,011 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-250 | - | -50 | 75 | - | - | - | - | - | - | - | - |
Net decrease in cash, cash equivalents and restricted cash | |||||||||||
17,696 | - | 447,963 | -58,850 | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and equivalents | |||||||||||
- | -50 | - | - | -668 | -317 | -7 | -224 | 327 | -203 | -4 | -346 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
- | 449,709 | - | - | 45,398 | -31,092 | 63,520 | -33,319 | 36,444 | -79,429 | 5,792 | 58,739 |
Supplemental information: | |||||||||||
Cash paid for interest | |||||||||||
42,702 | 36,664 | 36,664 | 27,878 | 32,995 | 39,855 | 41,549 | 42,960 | 40,930 | 37,936 | 31,572 | 22,876 |
Cash paid for income taxes – net of refunds | |||||||||||
14,958 | 19,508 | 19,508 | 10,560 | 10,399 | 3,192 | 826 | -2,493 | -8,048 | -947 | 10,415 | 18,168 |
Capital expenditures incurred but not paid | |||||||||||
2,630 | 2,386 | 2,386 | 3,106 | 2,743 | 2,087 | 238 | 926 | 1,677 | 1,974 | 2,098 | 1,248 |
Liability for contingent performance-based payments | |||||||||||
-685 | - | -2,888 | 2,830 | - | - | - | - | - | - | - | - |
Shares of common stock repurchased but not settled | |||||||||||
458 | - | 0 | 0 | - | - | - | - | - | - | - | - |
Liability for contingent performance based payments | |||||||||||
- | -2,888 | - | - | 2,590 | -101 | 249 | 4,165 | 0 | 0 | - | 12,825 |
Repurchased shares not yet settled | |||||||||||
- | - | - | - | - | - | - | - | 0 | 2,211 | 889 | - |
Restricted share stock bonus | |||||||||||
- | - | - | - | - | - | 4,086 | 9,579 | 948 | 0 | 0 | 6,222 |
Repurchased shares settled but not paid | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |