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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 22,153 $ 10,389
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,999 6,984
Amortization of right-of-use assets for operating leases 5,593 5,531
Provision for credit losses 2,101 1,486
Stock-based compensation 720 1,482
Deferred income taxes (671) (730)
Training equipment credits earned, net (54) 529
Unrealized gain (loss) on interest rate swaps, net of taxes 545 (886)
Other (gains) losses, net (25) 245
Changes in assets and liabilities:    
Receivables (632) 1,026
Prepaid expenses and other current assets (2,165) (4,060)
Other assets (2,063) 408
Notes receivable (3,315) (2,731)
Accounts payable, accrued expenses and other current liabilities (3,752) (2,968)
Deferred revenue (4,163) (4,264)
Income tax payable/receivable 6,398 3,301
Operating lease liabilities (5,426) (4,708)
Other liabilities (281) (198)
Net cash provided by operating activities 22,962 10,836
Cash flows from investing activities:    
Purchase of property and equipment (3,345) (3,848)
Net cash used in investing activities (3,345) (3,848)
Cash flows from financing activities:    
Payments on revolving credit facility (5,000) 0
Payment of term loans and finance leases (662) (618)
Preferred share repurchase 0 (11,320)
Payments of preferred stock cash dividend 0 (1,097)
Proceeds from stock option exercises 659 0
Payment of payroll taxes on stock-based compensation through shares withheld (4,332) (2,054)
Net cash used in financing activities (9,335) (15,089)
Change in cash, cash equivalents and restricted cash 10,282 (8,101)
Cash and cash equivalents, beginning of period 161,900 151,547
Restricted cash, beginning of period 5,572 5,377
Cash, cash equivalents and restricted cash, beginning of period 167,472 156,924
Cash and cash equivalents, end of period 171,999 143,590
Restricted cash, end of period 5,755 5,233
Cash, cash equivalents and restricted cash, end of period 177,754 148,823
Supplemental disclosure of cash flow information:    
Income taxes paid (refunds received), net (24)  
Income taxes paid (refunds received), net   62
Interest paid 1,742 2,815
Supplemental schedule of noncash investing and financing activities:    
Training equipment obtained in exchange for services 426 123
Depreciation of training equipment obtained in exchange for services 184 134
Change in accrued capital expenditures during the period (1,552) (1,207)
Conversion of Series A Preferred Stock $ 0 $ 63,206