| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
81,039 | 92,136 | 53,703 | 45,882 | 42,512 | 410 | -25,603 | 46,879 | 52,501 | 44,846 | 49,408 | 46,711 |
Net earnings from discontinued operations, net of tax | |||||||||||
- | - | - | - | 776 | -42,203 | -56,863 | 12,105 | 15,418 | - | 103 | -858 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
40,100 | 37,800 | 32,200 | 23,568 | 18,584 | 16,362 | 14,805 | 14,495 | 13,476 | 22,137 | 30,267 | 27,067 |
Stock compensation expense | |||||||||||
5,353 | 5,218 | 5,444 | 4,704 | 4,779 | 4,815 | 4,577 | 4,356 | 4,470 | 4,558 | 4,866 | 3,990 |
Changes in assets and liabilities | |||||||||||
9,944 | 10,315 | 17,889 | -1,746 | 745 | 10,533 | 22,531 | 3,451 | 5,596 | -9,615 | -1,566 | 12,154 |
Change in property, plant and equipment due to gain on sale of building | |||||||||||
8,922 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Change in deferred revenue and costs, net | |||||||||||
- | - | - | - | - | - | - | 2,373 | -300 | -329 | -1,781 | 3,284 |
Change in acquisition earnout obligation | |||||||||||
- | - | - | - | - | - | - | 4,459 | 7,595 | - | - | - |
Pension contributions | |||||||||||
2,500 | 9,951 | 2,677 | 0 | 650 | 2,700 | 3,900 | 4,800 | 5,230 | -1,368 | -1,997 | - |
Effect of deferred taxes | |||||||||||
61 | -21,584 | 1,360 | -2,993 | 1,417 | -2,664 | 10,084 | 1,086 | 3,551 | -4,059 | 2,543 | -12,349 |
Other | |||||||||||
0 | 0 | 4,830 | -952 | 144 | 3,008 | -2,787 | -1,694 | -2,007 | -1,055 | -681 | -801 |
Amortization of prepaid debt fees | |||||||||||
- | - | - | - | - | - | - | - | - | 257 | 610 | - |
Change in uncertain tax positions | |||||||||||
- | - | - | - | - | - | - | - | - | 765 | -5,700 | 2,335 |
Net cash provided by operating activities - continuing operations | |||||||||||
- | - | - | - | 64,977 | 44,885 | 37,082 | 46,068 | 41,866 | - | 77,474 | 77,071 |
Net cash (used) provided by operating activities - discontinued operations | |||||||||||
- | - | - | - | 776 | -1,443 | 10,069 | 7,096 | -11,053 | - | 142 | 185 |
Net earnings (loss) from discontinued operation, net of tax | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -858 |
Net cash provided by discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | 32,750 | - | - | -673 |
Net cash provided by operating activities | |||||||||||
105,137 | 93,259 | 67,340 | 73,859 | 65,753 | 43,442 | 47,151 | 53,164 | 74,616 | 67,023 | 77,616 | 76,886 |
Cash flows from investing activities: | |||||||||||
Proceeds from sale of building and land | |||||||||||
17,201 | 0 | 1,184 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of businesses, net of cash acquired | |||||||||||
96,777 | 11,445 | 198,628 | 82,062 | 20,500 | 0 | 19,452 | 0 | 3,732 | 32,316 | 6,442 | 345,395 |
Proceeds from sale of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,966 |
Change in restricted cash (acquisition escrow) | |||||||||||
- | - | - | - | - | - | - | -1,367 | -1,361 | -2,041 | -2,189 | 6,841 |
Additions to capitalized software | |||||||||||
8,386 | 9,573 | 9,002 | 8,665 | 6,901 | 8,629 | 8,408 | 5,344 | 5,492 | 8,827 | 5,004 | 10,488 |
Capital expenditures | |||||||||||
37,200 | 20,600 | 29,700 | 13,843 | 12,444 | 12,714 | 13,862 | 10,799 | 11,315 | 13,438 | 9,255 | 16,669 |
Proceeds from life insurance | |||||||||||
0 | 0 | 2,307 | 0 | 0 | - | - | - | - | - | - | - |
Net cash (used) provided by investing activities - continuing operations | |||||||||||
- | - | - | - | -39,845 | -21,343 | -41,722 | -14,776 | -19,178 | - | -18,512 | -374,427 |
Net cash provided (used) by investing activities - discontinued operations | |||||||||||
- | - | - | - | 0 | 123,512 | -35,031 | -15,036 | - | - | - | 73,230 |
Capital expenditures - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,140 |
Proceeds from divestiture of business, net - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 3,100 | 74,370 |
Net cash provided (used) by investing activities | |||||||||||
-125,145 | -41,607 | -233,867 | -104,570 | -39,845 | 102,169 | -76,753 | -29,812 | -30,231 | -52,540 | -15,412 | -301,197 |
Cash flows from financing activities: | |||||||||||
Proceeds from long-term debt | |||||||||||
131,261 | 55,000 | 257,000 | 140,000 | 106,000 | 84,000 | 122,000 | 192,455 | 49,370 | 40,000 | 32,000 | 304,157 |
Principal payments on long-term debt | |||||||||||
65,000 | 110,000 | 92,000 | 80,000 | 96,000 | 216,000 | 65,000 | 202,455 | 78,370 | 66,467 | 85,183 | 71,197 |
Dividends paid | |||||||||||
8,302 | 8,278 | 8,257 | 8,248 | 8,369 | 8,472 | 8,451 | 8,554 | 8,534 | 6,335 | - | - |
Proceeds from exercise of stock options | |||||||||||
- | - | - | - | - | - | 1,750 | -184 | 762 | - | 6,621 | 6,384 |
Other | |||||||||||
-3,371 | -3,078 | 20 | -128 | -24 | -45 | 998 | 801 | 370 | 1,755 | 1,029 | 1,075 |
Purchases of shares into treasury | |||||||||||
- | - | - | 4,303 | 18,248 | 11,970 | 9,703 | 5,403 | 0 | - | - | - |
Debt issuance costs | |||||||||||
1,071 | 0 | 0 | 1,097 | 0 | 0 | - | - | - | - | - | 2,965 |
Deferred financing costs | |||||||||||
- | - | - | - | - | - | - | 1,937 | 0 | - | - | - |
Net cash (used) provided by financing activities - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -2,844 |
Net cash (used) by financing activities | |||||||||||
53,517 | -66,356 | 156,763 | 46,224 | -16,641 | -152,487 | 41,594 | -25,277 | -36,402 | -31,047 | -45,533 | 234,610 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-2,178 | -335 | 1,455 | -1,099 | -4,987 | -843 | 643 | -2,018 | -333 | -1,558 | -708 | -270 |
Net increase in cash and cash equivalents | |||||||||||
31,331 | -15,039 | -8,309 | 14,414 | 4,280 | -7,719 | 12,635 | -3,943 | 7,650 | -18,122 | 15,963 | 10,029 |
Accounts receivable, net | |||||||||||
7,230 | 2,789 | 23,587 | 9,088 | -3,848 | 13,469 | 6,377 | 8,881 | 14,078 | -27,960 | 26,090 | -32,688 |
Contract assets | |||||||||||
66,885 | 5,748 | 18,540 | - | - | - | - | - | - | - | - | - |
Costs and estimated earnings on long-term contracts, net | |||||||||||
- | - | - | 359 | 589 | 7,081 | 6,150 | -1,593 | 231 | -1,985 | -1,663 | 2,425 |
Inventories | |||||||||||
-10,150 | 9,830 | -3,959 | -1,101 | 5,494 | 4,064 | 5,219 | -8,590 | 13,136 | 5,926 | -17,001 | 443 |
Other assets and liabilities | |||||||||||
-8,020 | 695 | 2,014 | -4,982 | -1,420 | -2,522 | 2,513 | 4,186 | 1,159 | -2,397 | -714 | 4,777 |
Accounts payable | |||||||||||
7,400 | 9,442 | 8,735 | -1,953 | -2,496 | 1,791 | 3,120 | -1,535 | 325 | 10,597 | -1,764 | 1,163 |
Contract liabilities | |||||||||||
36,751 | -1,466 | 7,914 | - | - | - | - | - | - | - | - | - |
Advance payments on long-term contracts, net | |||||||||||
- | - | - | -2,439 | 3,591 | -2,508 | -4,157 | -1,967 | 17,977 | 2,889 | -4,627 | 3,716 |
Accrued expenses | |||||||||||
1,850 | 771 | 5,644 | 4,042 | -7,045 | 8,659 | 2,265 | -2,833 | 4,706 | 3,315 | 1,245 | 8,010 |
Deferred revenue and costs, net | |||||||||||
- | - | - | 5,460 | 1,183 | 2,458 | 913 | - | - | - | - | - |
Pension obligations | |||||||||||
- | - | - | - | 4,837 | 1,159 | -4,413 | - | - | - | - | - |
Total changes in current assets and liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -12,154 |
Supplemental cash flow information: | |||||||||||
Interest paid | |||||||||||
8,076 | 8,540 | 3,731 | 1,361 | 876 | 1,863 | 2,573 | 1,588 | 1,959 | 3,536 | 7,425 | 9,233 |
Income taxes paid (including state and foreign) | |||||||||||
26,084 | 8,789 | 25,674 | 22,631 | 13,611 | 29,944 | 11,680 | 16,544 | 21,895 | 21,378 | 22,144 | 7,004 |