| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net income (loss) | ||||||||||
21,369 | 32,654 | -237,346 | 91,378 | -154,744 | 102,102 | 104,812 | 92,175 | 75,598 | 73,674 | 58,447 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
29,376 | 29,256 | 28,352 | 27,980 | 27,726 | 21,402 | 11,380 | 4,427 | 3,699 | 4,119 | 5,763 |
Depreciation | ||||||||||
- | - | - | - | - | - | - | 5,536 | 5,859 | 4,702 | 4,302 |
Amortization of deferred debt issuance costs | ||||||||||
5,200 | 5,700 | 6,100 | 4,627 | 4,354 | 3,300 | 7,788 | 2,803 | 11,416 | 4,814 | 3,703 |
Bad debt and sales return reserve | ||||||||||
223 | 220 | 225 | -810 | 354 | 965 | 411 | -218 | 256 | 607 | 254 |
Non-cash foreign currency exchange | ||||||||||
- | - | - | - | - | - | - | -436 | 427 | -242 | -364 |
Stock-based compensation expense | ||||||||||
9,303 | 9,252 | 7,335 | 8,490 | 7,891 | 5,507 | 3,394 | 1,626 | 3,658 | 2,510 | 10,389 |
Inventory Write-down | ||||||||||
2,700 | 16,800 | 12,900 | 14,615 | 95,052 | 17,700 | 8,710 | - | - | - | - |
Goodwill impairment charge | ||||||||||
0 | 0 | 311,100 | 0 | 263,771 | 0 | - | - | - | - | - |
Equity method investment impairment charge | ||||||||||
2,966 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefit related to stock-based incentive plans | ||||||||||
- | - | - | - | 443 | 10,235 | 6,879 | 21,476 | 1,547 | - | - |
Change in fair value of derivative | ||||||||||
- | - | - | - | - | - | - | 1,703 | 4,958 | -2,558 | -4,102 |
Income from equity investment | ||||||||||
- | - | - | - | 596 | 141 | - | - | - | - | - |
Loss on sales of properties | ||||||||||
- | - | - | - | - | 0 | - | - | - | - | - |
Deferred income taxes | ||||||||||
4,257 | 9,172 | -21,070 | 13,212 | -127,035 | 8,273 | 9,941 | 20,616 | 11,176 | 6,741 | 14,024 |
Other non-cash items | ||||||||||
484 | 615 | -1,434 | 4,102 | -3,491 | 5,489 | -321 | - | - | - | - |
Subtotal | ||||||||||
-74,974 | -102,407 | -109,087 | 155,390 | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
45,500 | 28,393 | 8,531 | 4,077 | -43,841 | 38,545 | 26,972 | 21,802 | 8,281 | 7,795 | -4,429 |
Income tax receivable | ||||||||||
1,436 | -1,544 | 2,159 | 1,269 | -16,036 | -19,003 | -35,952 | 18,022 | 4,176 | 45 | -7 |
Inventories | ||||||||||
-19,424 | 73,106 | 129,772 | 41,798 | 48,977 | 72,702 | 81,273 | 32,344 | 129 | -1,593 | 111,136 |
Prepaid expenses and other assets | ||||||||||
5,478 | -365 | 5,989 | 1,204 | -1,250 | -5,799 | 3,335 | 2,431 | -1,388 | -4,448 | 959 |
Accounts payable | ||||||||||
36,933 | -3,430 | 2,201 | 34,657 | -9,992 | 3,099 | 19,330 | 21,836 | -5,558 | -1,099 | 9,073 |
Accrued expenses and other liabilities | ||||||||||
6,564 | 19,252 | 11,761 | -11,008 | 3,425 | -8,830 | 1,071 | 1,833 | 2,406 | 3,423 | -3,446 |
Income tax payable | ||||||||||
891 | -771 | -3,526 | -13,236 | 15,768 | 2,481 | 820 | 946 | -4,063 | 281 | 1,950 |
Gain on fixed asset disposal | ||||||||||
- | - | - | - | - | - | - | -331 | - | - | - |
Net cash provided by (used in) operating activities | ||||||||||
86,372 | 17,868 | -26,928 | 117,455 | 141,172 | 53,689 | 84,829 | 54,569 | 86,317 | 100,773 | 1,266 |
Investing activities | ||||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||||
21,121 | 5,666 | 8,923 | 13,992 | 9,631 | 10,517 | 7,882 | 4,528 | 5,119 | 3,077 | 4,135 |
Proceeds from sales of assets | ||||||||||
- | - | - | 2,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sales of property, plant and equipment | ||||||||||
- | - | - | - | 17 | 0 | - | - | - | - | - |
Acquisitions of business, net of cash acquired | ||||||||||
- | - | - | - | 250 | 560,986 | - | 131,894 | - | - | - |
Net cash used in investing activities | ||||||||||
-21,121 | -5,666 | -8,923 | -11,992 | -9,864 | -571,503 | -7,882 | -136,422 | -5,119 | -3,077 | -4,135 |
Financing activities | ||||||||||
Proceeds from short-term borrowings | ||||||||||
95,000 | 67,500 | 77,000 | 0 | 0 | - | - | - | - | - | - |
Repayments of short-term borrowings | ||||||||||
143,000 | 68,500 | 22,000 | 0 | 0 | - | - | - | - | - | - |
Net repayments under line of credit | ||||||||||
- | - | - | - | - | - | - | - | - | -796 | -23 |
Proceeds from issuance of long-term debt | ||||||||||
- | - | - | - | - | 565,000 | 625,000 | 95,000 | 615,000 | - | - |
Repayments of long-term debt | ||||||||||
20,000 | 20,000 | 21,344 | 111,000 | 149,750 | 30,344 | 683,000 | 25,000 | 679,243 | 67,382 | - |
Debt issuance costs | ||||||||||
0 | 1,900 | 12,796 | 2,126 | 0 | 10,161 | 7,274 | - | 13,144 | - | - |
Redemption of vested stock options | ||||||||||
- | - | - | - | - | - | - | - | - | - | 729 |
Repayments of capital lease obligations | ||||||||||
2,941 | 3,001 | 2,107 | 1,309 | 1,511 | 1,338 | 1,146 | 1,984 | 1,898 | 1,305 | 984 |
Excess tax benefit related to stock-based incentive plans | ||||||||||
- | - | - | 1,098 | 443 | 10,235 | 6,879 | 21,476 | 1,547 | - | - |
Net proceeds from exercise of stock options | ||||||||||
37 | 78 | 2,964 | 6,073 | 823 | 9,643 | 9,895 | 7,377 | 2,612 | - | 16 |
Settlement on restricted stock tax withholding | ||||||||||
2,200 | 1,321 | 1,072 | 857 | 701 | 0 | 8,452 | - | - | - | - |
Net cash (used in) provided by financing activities | ||||||||||
-73,104 | -27,144 | 20,645 | -108,121 | -150,696 | 543,035 | -58,098 | 96,869 | -75,126 | -69,483 | -1,720 |
Effect of foreign currency exchange rate on cash and cash equivalents | ||||||||||
-335 | -461 | -230 | -3,147 | -2,521 | 838 | -989 | 315 | -10 | -156 | -3 |
Net decrease in cash and cash equivalents | ||||||||||
-8,188 | -15,403 | -15,436 | -5,805 | -21,909 | 26,059 | 17,860 | 15,331 | 6,062 | 28,057 | -4,592 |