XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 4,034 $ 2,621
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Depreciation of property, equipment and improvements 3,292 2,164
Amortization of intangible assets 13,354 7,888
Stock-based compensation 4,259 4,222
Deferred income tax provision 2,160 682
Loss on sale of property and equipment 4 70
Change in fair value of contingent consideration 0 5,772
Provision for bad debt and product returns 446 621
Provision for inventory obsolescence 5,732 1,200
Restructuring charge 109 894
Other (122) (8)
Changes in operating assets and liabilities (net of acquisitions) (37,272) (4,829)
Net cash (used in) provided by operating activities (4,004) 21,297
Investing activities:    
Acquisition of business, net of cash acquired (347,522) (7,095)
Purchase of property, equipment, improvements and certain other intangible assets (1,664) (1,287)
Net cash used in investing activities (349,186) (8,382)
Financing activities:    
Proceeds from long-term debt 350,000 618
Payments on long-term debt (107,050) (15,625)
Payments for contingent consideration 0 (4,200)
Proceeds from issuance of stock, net of offering expenses 0 73,830
Proceeds from stock option plan transactions 5,598 6,620
Proceeds from employee stock purchase plan transactions 670 619
Purchases of common stock (6,408) (1,865)
Net cash provided by (used for) financing activities 242,810 59,997
Effect of exchange rate changes on cash and cash equivalents (666) 148
Net increase (decrease) in cash and cash equivalents (111,046) 73,060
Cash and cash equivalents, beginning of period 152,432 54,129
Cash and cash equivalents, end of period 41,386 127,189
Supplemental schedule of non-cash investing and financing activities    
Transfer of inventory to property, equipment and improvements (1,215) (1,399)
Contingent consideration recognized related to acquisition of business 0 (8,000)
Tenant improvement allowance 0 (1,000)
Accrual for purchase of property, equipment, improvements and certain other intangible assets $ (28) $ (283)