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CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Jun. 30, 2020
Consolidating Guarantor And Non Guarantor Financial Information [Abstract] |
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS At June 30, 2020
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 4,727 |  |  | $ | 19,697 |  |  | $ | 47,575 |  |  | $ | — |  |  | $ | 71,999 |
Accounts receivable, net of allowances | — |  |  | 307,625 |  |  | 217,590 |  |  | (165,751 | ) |  | 359,464 |
Contract costs and recognized income not yet billed, net of progress payments | — |  |  | 89,526 |  |  | 2,617 |  |  | — |  |  | 92,143 |
Inventories, net | — |  |  | 347,703 |  |  | 63,903 |  |  | (578 | ) |  | 411,028 |
Prepaid and other current assets | 19,519 |  |  | 24,144 |  |  | 5,068 |  |  | 2,634 |  |  | 51,365 |
Assets of discontinued operations | — |  |  | — |  |  | 1,951 |  |  | — |  |  | 1,951 |
Total Current Assets | 24,246 |  |  | 788,695 |  |  | 338,704 |  |  | (163,695 | ) |  | 987,950 |
PROPERTY, PLANT AND EQUIPMENT, net | 1,232 |  |  | 289,224 |  |  | 44,862 |  |  | — |  |  | 335,318 |
OPERATING LEASE RIGHT-OF-USE ASSETS | 9,633 |  |  | 124,566 |  |  | 20,756 |  |  | — |  |  | 154,955 |
GOODWILL | — |  |  | 375,734 |  |  | 63,933 |  |  | — |  |  | 439,667 |
INTANGIBLE ASSETS, net | 93 |  |  | 219,056 |  |  | 135,235 |  |  | — |  |  | 354,384 |
INTERCOMPANY RECEIVABLE | 16,555 |  |  | 679,666 |  |  | 84,671 |  |  | (780,892 | ) |  | — |
EQUITY INVESTMENTS IN SUBSIDIARIES | 1,702,746 |  |  | 766,863 |  |  | 3,154,553 |  |  | (5,624,162 | ) |  | — |
OTHER ASSETS | 12,228 |  |  | 39,491 |  |  | (5,638 | ) |  | (14,221 | ) |  | 31,860 |
ASSETS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 6,086 |  |  | — |  |  | 6,086 |
Total Assets | $ | 1,766,733 |  |  | $ | 3,283,295 |  |  | $ | 3,843,162 |  |  | $ | (6,582,970 | ) |  | $ | 2,310,220 |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable and current portion of long-term debt | $ | — |  |  | $ | 2,973 |  |  | $ | 6,262 |  |  | $ | — |  |  | $ | 9,235 |
Accounts payable and accrued liabilities | 58,619 |  |  | 426,260 |  |  | 72,451 |  |  | (163,142 | ) |  | 394,188 |
Current portion of operating lease liabilities | 1,842 |  |  | 22,229 |  |  | 4,947 |  |  | — |  |  | 29,018 |
Liabilities of discontinued operations | — |  |  | — |  |  | 3,730 |  |  | — |  |  | 3,730 |
Total Current Liabilities | 60,461 |  |  | 451,462 |  |  | 87,390 |  |  | (163,142 | ) |  | 436,171 |
LONG-TERM DEBT, net | 1,087,135 |  |  | 10,258 |  |  | 25,972 |  |  | — |  |  | 1,123,365 |
LONG-TERM OPERATING LEASE LIABILITIES | 8,886 |  |  | 106,552 |  |  | 16,212 |  |  | — |  |  | 131,650 |
INTERCOMPANY PAYABLES | 77,139 |  |  | 254,479 |  |  | 467,463 |  |  | (799,081 | ) |  | — |
OTHER LIABILITIES | 24,657 |  |  | 77,228 |  |  | 10,242 |  |  | (7,829 | ) |  | 104,298 |
LIABILITIES OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 6,281 |  |  | — |  |  | 6,281 |
Total Liabilities | 1,258,278 |  |  | 899,979 |  |  | 613,560 |  |  | (970,052 | ) |  | 1,801,765 |
SHAREHOLDERS’ EQUITY | 508,455 |  |  | 2,383,316 |  |  | 3,229,602 |  |  | (5,612,918 | ) |  | 508,455 |
Total Liabilities and Shareholders’ Equity | $ | 1,766,733 |  |  | $ | 3,283,295 |  |  | $ | 3,843,162 |  |  | $ | (6,582,970 | ) |  | $ | 2,310,220 |
CONDENSED CONSOLIDATING BALANCE SHEETS At September 30, 2019
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and equivalents | $ | 1,649 |  |  | $ | 25,217 |  |  | $ | 45,511 |  |  | $ | — |  |  | $ | 72,377 |
Accounts receivable, net of allowances | — |  |  | 227,069 |  |  | 38,580 |  |  | (1,199 | ) |  | 264,450 |
Contract costs and recognized income not yet billed, net of progress payments | — |  |  | 104,109 |  |  | 1,002 |  |  | — |  |  | 105,111 |
Inventories, net | — |  |  | 372,839 |  |  | 69,540 |  |  | (258 | ) |  | 442,121 |
Prepaid and other current assets | 8,238 |  |  | 25,754 |  |  | 6,951 |  |  | (144 | ) |  | 40,799 |
Assets of discontinued operations | — |  |  | — |  |  | 321 |  |  | — |  |  | 321 |
Total Current Assets | 9,887 |  |  | 754,988 |  |  | 161,905 |  |  | (1,601 | ) |  | 925,179 |
PROPERTY, PLANT AND EQUIPMENT, net | 1,184 |  |  | 289,282 |  |  | 46,860 |  |  | — |  |  | 337,326 |
GOODWILL | — |  |  | 375,734 |  |  | 61,333 |  |  | — |  |  | 437,067 |
INTANGIBLE ASSETS, net | 93 |  |  | 224,275 |  |  | 132,271 |  |  | — |  |  | 356,639 |
INTERCOMPANY RECEIVABLE | 5,834 |  |  | 864,884 |  |  | 75,684 |  |  | (946,402 | ) |  | — |
EQUITY INVESTMENTS IN SUBSIDIARIES | 1,628,031 |  |  | 581,438 |  |  | 3,233,038 |  |  | (5,442,507 | ) |  | — |
OTHER ASSETS | 8,182 |  |  | 24,635 |  |  | (2,352 | ) |  | (14,625 | ) |  | 15,840 |
ASSETS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 2,888 |  |  | — |  |  | 2,888 |
Total Assets | $ | 1,653,211 |  |  | $ | 3,115,236 |  |  | $ | 3,711,627 |  |  | $ | (6,405,135 | ) |  | $ | 2,074,939 |
CURRENT LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |
Notes payable and current portion of long-term debt | $ | — |  |  | $ | 3,075 |  |  | $ | 7,450 |  |  | $ | — |  |  | $ | 10,525 |
Accounts payable and accrued liabilities | 41,796 |  |  | 266,411 |  |  | 68,390 |  |  | (1,356 | ) |  | 375,241 |
Liabilities of discontinued operations | — |  |  | — |  |  | 4,333 |  |  | — |  |  | 4,333 |
Total Current Liabilities | 41,796 |  |  | 269,486 |  |  | 80,173 |  |  | (1,356 | ) |  | 390,099 |
LONG-TERM DEBT, net | 1,040,449 |  |  | 3,119 |  |  | 50,181 |  |  | — |  |  | 1,093,749 |
INTERCOMPANY PAYABLES | 71,634 |  |  | 457,265 |  |  | 444,557 |  |  | (973,456 | ) |  | — |
OTHER LIABILITIES | 21,569 |  |  | 81,582 |  |  | 15,017 |  |  | (8,171 | ) |  | 109,997 |
LIABILITIES OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 3,331 |  |  | — |  |  | 3,331 |
Total Liabilities | 1,175,448 |  |  | 811,452 |  |  | 593,259 |  |  | (982,983 | ) |  | 1,597,176 |
SHAREHOLDERS’ EQUITY | 477,763 |  |  | 2,303,784 |  |  | 3,118,368 |  |  | (5,422,152 | ) |  | 477,763 |
Total Liabilities and Shareholders’ Equity | $ | 1,653,211 |  |  | $ | 3,115,236 |  |  | $ | 3,711,627 |  |  | $ | (6,405,135 | ) |  | $ | 2,074,939 |
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) | CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2020
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
Revenue | $ | — |  |  | $ | 515,083 |  |  | $ | 126,847 |  |  | $ | (9,869 | ) |  | $ | 632,061 |
Cost of goods and services | — |  |  | 385,717 |  |  | 91,541 |  |  | (10,200 | ) |  | 467,058 |
Gross profit | — |  |  | 129,366 |  |  | 35,306 |  |  | 331 |  |  | 165,003 |
Selling, general and administrative expenses | 5,229 |  |  | 85,512 |  |  | 22,913 |  |  | (145 | ) |  | 113,509 |
Income (loss) from operations | (5,229 | ) |  | 43,854 |  |  | 12,393 |  |  | 476 |  |  | 51,494 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income (expense), net | (7,013 | ) |  | (9,537 | ) |  | (35 | ) |  | — |  |  | (16,585 | )
Loss from debt extinguishment, net | (1,235 | ) |  | — |  |  | — |  |  | — |  |  | (1,235 | )
Other, net | 126 |  |  | (2,852 | ) |  | 4,004 |  |  | (472 | ) |  | 806 |
Total other income (expense) | (8,122 | ) |  | (12,389 | ) |  | 3,969 |  |  | (472 | ) |  | (17,014 | )
Income (loss) before taxes | (13,351 | ) |  | 31,465 |  |  | 16,362 |  |  | 4 |  |  | 34,480 |
Provision (benefit) for income taxes | (3,533 | ) |  | 10,843 |  |  | 5,335 |  |  | 4 |  |  | 12,649 |
Income (loss) before equity in net income of subsidiaries | (9,818 | ) |  | 20,622 |  |  | 11,027 |  |  | — |  |  | 21,831 |
Equity in net income (loss) of subsidiaries | 31,649 |  |  | 10,920 |  |  | 20,622 |  |  | (63,191 | ) |  | — |
Net Income (loss) | $ | 21,831 |  |  | $ | 31,542 |  |  | $ | 31,649 |  |  | $ | (63,191 | ) |  | $ | 21,831 |
Comprehensive income (loss) | $ | 30,533 |  |  | $ | 36,940 |  |  | $ | 26,251 |  |  | $ | (63,191 | ) |  | $ | 30,533 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2019
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
Revenue | $ | — |  |  | $ | 470,228 |  |  | $ | 118,694 |  |  | $ | (13,952 | ) |  | $ | 574,970 |
Cost of goods and services | — |  |  | 350,197 |  |  | 84,568 |  |  | (14,278 | ) |  | 420,487 |
Gross profit | — |  |  | 120,031 |  |  | 34,126 |  |  | 326 |  |  | 154,483 |
Selling, general and administrative expenses | 5,342 |  |  | 85,885 |  |  | 27,252 |  |  | (490 | ) |  | 117,989 |
Income (loss) from operations | (5,342 | ) |  | 34,146 |  |  | 6,874 |  |  | 816 |  |  | 36,494 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income (expense), net | (7,171 | ) |  | (9,048 | ) |  | (868 | ) |  | — |  |  | (17,087 | )
Other, net | 4,963 |  |  | (15,918 | ) |  | 12,762 |  |  | (828 | ) |  | 979 |
Total other income (expense) | (2,208 | ) |  | (24,966 | ) |  | 11,894 |  |  | (828 | ) |  | (16,108 | )
Income (loss) before taxes | (7,550 | ) |  | 9,180 |  |  | 18,768 |  |  | (12 | ) |  | 20,386 |
Provision (benefit) for income taxes | (4,815 | ) |  | 9,124 |  |  | 1,961 |  |  | (12 | ) |  | 6,258 |
Income (loss) before equity in net income of subsidiaries | (2,735 | ) |  | 56 |  |  | 16,807 |  |  | — |  |  | 14,128 |
Equity in net income (loss) of subsidiaries | 16,330 |  |  | 15,641 |  |  | 56 |  |  | (32,027 | ) |  | — |
Income (loss) from continuing operations | 13,595 |  |  | 15,697 |  |  | 16,863 |  |  | (32,027 | ) |  | 14,128 |
Income (loss) from operation of discontinued businesses | — |  |  | — |  |  | — |  |  | — |  |  | — |
Provision (benefit) from income taxes | — |  |  | — |  |  | 533 |  |  | — |  |  | 533 |
Income (loss) from discontinued operations | — |  |  | — |  |  | (533 | ) |  | — |  |  | (533 | )
Net Income (loss) | $ | 13,595 |  |  | $ | 15,697 |  |  | $ | 16,330 |  |  | $ | (32,027 | ) |  | $ | 13,595 |
Comprehensive income (loss) | $ | 12,560 |  |  | $ | (597 | ) |  | $ | 32,624 |  |  | $ | (32,027 | ) |  | $ | 12,560 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Nine Months Ended June 30, 2020
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
Revenue | $ | — |  |  | $ | 1,418,975 |  |  | $ | 357,812 |  |  | $ | (29,938 | ) |  | $ | 1,746,849 |
Cost of goods and services | — |  |  | 1,058,556 |  |  | 252,331 |  |  | (30,994 | ) |  | 1,279,893 |
Gross profit | — |  |  | 360,419 |  |  | 105,481 |  |  | 1,056 |  |  | 466,956 |
Selling, general and administrative expenses | 19,169 |  |  | 264,698 |  |  | 74,237 |  |  | (330 | ) |  | 357,774 |
Income (loss) from operations | (19,169 | ) |  | 95,721 |  |  | 31,244 |  |  | 1,386 |  |  | 109,182 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income (expense), net | (20,217 | ) |  | (28,916 | ) |  | 37 |  |  | — |  |  | (49,096 | )
Loss from debt extinguishment, net | (7,925 | ) |  | — |  |  | — |  |  | — |  |  | (7,925 | )
Other, net | (389 | ) |  | (6,870 | ) |  | 10,844 |  |  | (1,386 | ) |  | 2,199 |
Total other income (expense) | (28,531 | ) |  | (35,786 | ) |  | 10,881 |  |  | (1,386 | ) |  | (54,822 | )
Income (loss) before taxes | (47,700 | ) |  | 59,935 |  |  | 42,125 |  |  | — |  |  | 54,360 |
Provision (benefit) for income taxes | (17,355 | ) |  | 22,648 |  |  | 15,729 |  |  | — |  |  | 21,022 |
Income (loss) before equity in net income of subsidiaries | (30,345 | ) |  | 37,287 |  |  | 26,396 |  |  | — |  |  | 33,338 |
Equity in net income (loss) of subsidiaries | 63,683 |  |  | 26,457 |  |  | 37,287 |  |  | (127,427 | ) |  | — |
Net income (loss) | $ | 33,338 |  |  | $ | 63,744 |  |  | $ | 63,683 |  |  | $ | (127,427 | ) |  | $ | 33,338 |
Comprehensive income (loss) | $ | 34,047 |  |  | $ | 63,744 |  |  | $ | 63,683 |  |  | $ | (127,427 | ) |  | $ | 34,047 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Nine Months Ended June 30, 2019
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
Revenue | $ | — |  |  | $ | 1,352,211 |  |  | $ | 311,219 |  |  | $ | (28,305 | ) |  | $ | 1,635,125 |
Cost of goods and services | — |  |  | 1,013,676 |  |  | 215,786 |  |  | (29,370 | ) |  | 1,200,092 |
Gross profit | — |  |  | 338,535 |  |  | 95,433 |  |  | 1,065 |  |  | 435,033 |
Selling, general and administrative expenses | 15,651 |  |  | 255,674 |  |  | 72,478 |  |  | (277 | ) |  | 343,526 |
Income (loss) from operations | (15,651 | ) |  | 82,861 |  |  | 22,955 |  |  | 1,342 |  |  | 91,507 |
Other income (expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income (expense), net | (20,806 | ) |  | (27,306 | ) |  | (2,611 | ) |  | — |  |  | (50,723 | )
Other, net | 4,228 |  |  | (14,102 | ) |  | 14,479 |  |  | (1,354 | ) |  | 3,251 |
Total other income (expense) | (16,578 | ) |  | (41,408 | ) |  | 11,868 |  |  | (1,354 | ) |  | (47,472 | )
Income (loss) before taxes | (32,229 | ) |  | 41,453 |  |  | 34,823 |  |  | (12 | ) |  | 44,035 |
Provision (benefit) for income taxes | (12,592 | ) |  | 20,390 |  |  | 6,878 |  |  | (12 | ) |  | 14,664 |
Income (loss) before equity in net income of subsidiaries | (19,637 | ) |  | 21,063 |  |  | 27,945 |  |  | — |  |  | 29,371 |
Equity in net income (loss) of subsidiaries | 40,829 |  |  | 33,337 |  |  | 21,063 |  |  | (95,229 | ) |  | — |
Income (loss) from continuing operations | $ | 21,192 |  |  | $ | 54,400 |  |  | $ | 49,008 |  |  | $ | (95,229 | ) |  | $ | 29,371 |
Income (loss) from operations of discontinued businesses | — |  |  | — |  |  | (11,000 | ) |  | — |  |  | (11,000 | )
Provision (benefit) from income taxes | — |  |  | — |  |  | (2,821 | ) |  | — |  |  | (2,821 | )
Income (loss) from discontinued operations | — |  |  | — |  |  | (8,179 | ) |  | — |  |  | (8,179 | )
Net income (loss) | $ | 21,192 |  |  | $ | 54,400 |  |  | $ | 40,829 |  |  | $ | (95,229 | ) |  | $ | 21,192 |
Comprehensive income (loss) | $ | 17,587 |  |  | $ | 58,450 |  |  | $ | 36,779 |  |  | $ | (95,229 | ) |  | $ | 17,587 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2020
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 33,338 |  |  | $ | 63,744 |  |  | $ | 63,683 |  |  | $ | (127,427 | ) |  | $ | 33,338 |
Net cash provided by (used in) operating activities: | (10,683 | ) |  | 35,520 |  |  | 31,107 |  |  | — |  |  | 55,944 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisition of property, plant and equipment | (306 | ) |  | (30,497 | ) |  | (3,948 | ) |  | — |  |  | (34,751 | )
Acquired businesses, net of cash acquired | — |  |  | — |  |  | (10,531 | ) |  | — |  |  | (10,531 | )
Investment purchases | (130 | ) |  | — |  |  | — |  |  | — |  |  | (130 | )
Proceeds from sale of assets | — |  |  | 341 |  |  | (2 | ) |  | — |  |  | 339 |
Net cash provided by (used in) investing activities | (436 | ) |  | (30,156 | ) |  | (14,481 | ) |  | — |  |  | (45,073 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase of shares for treasury | (7,479 | ) |  | — |  |  | — |  |  | — |  |  | (7,479 | )
Proceeds from long-term debt | 1,224,722 |  |  | — |  |  | 5,896 |  |  | — |  |  | 1,230,618 |
Payments of long-term debt | (1,171,365 | ) |  | (2,647 | ) |  | (31,219 | ) |  | — |  |  | (1,205,231 | )
Financing costs | (16,543 | ) |  | — |  |  | — |  |  | — |  |  | (16,543 | )
Dividends paid | (10,639 | ) |  | — |  |  | — |  |  | — |  |  | (10,639 | )
Other, net | (4,499 | ) |  | (7,723 | ) |  | 12,191 |  |  | — |  |  | (31 | )
Net cash provided by (used in) financing activities | 14,197 |  |  | (10,370 | ) |  | (13,132 | ) |  | — |  |  | (9,305 | )
CASH FLOWS FROM DISCONTINUED OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used) in discontinued operations | — |  |  | — |  |  | (2,481 | ) |  | — |  |  | (2,481 | )
Effect of exchange rate changes on cash and equivalents | — |  |  | (514 | ) |  | 1,051 |  |  | — |  |  | 537 |
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS | 3,078 |  |  | (5,520 | ) |  | 2,064 |  |  | — |  |  | (378 | )
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | 1,649 |  |  | 25,217 |  |  | 45,511 |  |  | — |  |  | 72,377 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | 4,727 |  |  | $ | 19,697 |  |  | $ | 47,575 |  |  | $ | — |  |  | $ | 71,999 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2019
($ in thousands) | Parent Company |  | Guarantor Companies |  | Non-Guarantor Companies |  | Elimination |  | Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) | $ | 21,192 |  |  | $ | 54,400 |  |  | $ | 40,829 |  |  | $ | (95,229 | ) |  | $ | 21,192 |
Net (income) loss from discontinued operations | — |  |  | — |  |  | 8,179 |  |  | — |  |  | 8,179 |
Net cash provided by (used in) operating activities: | (20,805 | ) |  | 24,179 |  |  | 11,608 |  |  | — |  |  | 14,982 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisition of property, plant and equipment | (247 | ) |  | (23,221 | ) |  | (4,326 | ) |  | — |  |  | (27,794 | )
Acquired businesses, net of cash acquired | (9,219 | ) |  | — |  |  | — |  |  | — |  |  | (9,219 | )
Investment purchases | (149 | ) |  | — |  |  | — |  |  | — |  |  | (149 | )
Proceeds from sale of business | (9,500 | ) |  | — |  |  | — |  |  | — |  |  | (9,500 | )
Insurance payments | (10,604 | ) |  | — |  |  | — |  |  | — |  |  | (10,604 | )
Proceeds from sale of assets | — |  |  | 79 |  |  | 25 |  |  | — |  |  | 104 |
Net cash provided by (used in) investing activities | (29,719 | ) |  | (23,142 | ) |  | (4,301 | ) |  | — |  |  | (57,162 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchase of shares for treasury | (1,478 | ) |  | — |  |  | — |  |  | — |  |  | (1,478 | )
Proceeds from long-term debt | 138,541 |  |  | 116 |  |  | 18,143 |  |  | — |  |  | 156,800 |
Payments of long-term debt | (75,694 | ) |  | (2,605 | ) |  | (29,961 | ) |  | — |  |  | (108,260 | )
Contingent consideration for acquired businesses | — |  |  | — |  |  | (1,686 | ) |  | — |  |  | (1,686 | )
Financing costs | (1,012 | ) |  | — |  |  | — |  |  | — |  |  | (1,012 | )
Dividends paid | (10,262 | ) |  | — |  |  | — |  |  | — |  |  | (10,262 | )
Other, net | (197 | ) |  | 5,694 |  |  | (5,694 | ) |  | — |  |  | (197 | )
Net cash provided by (used in) financing activities | 49,898 |  |  | 3,205 |  |  | (19,198 | ) |  | — |  |  | 33,905 |
CASH FLOWS FROM DISCONTINUED OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash provided by (used in) discontinued operations | — |  |  | — |  |  | (3,874 | ) |  | — |  |  | (3,874 | )
Effect of exchange rate changes on cash and equivalents | — |  |  | (118 | ) |  | 621 |  |  | — |  |  | 503 |
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS | (626 | ) |  | 4,124 |  |  | (15,144 | ) |  | — |  |  | (11,646 | )
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD | 15,976 |  |  | 16,353 |  |  | 37,429 |  |  | — |  |  | 69,758 |
CASH AND EQUIVALENTS AT END OF PERIOD | $ | 15,350 |  |  | $ | 20,477 |  |  | $ | 22,285 |  |  | $ | — |  |  | $ | 58,112 |

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