XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,636,000 $ 16,996,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 6,877,000 5,903,000
Deferred income tax provision 9,322,000 10,895,000
Gain on sale of property and equipment and assets held for sale (62,000) (269,000)
Stock-based compensation expense 4,600,000 3,152,000
(Increase) decrease in —    
Accounts receivable, net (16,769,000) (8,177,000)
Inventories, net (41,083,000) (17,070,000)
Prepaid expenses and other assets (1,413,000) (2,977,000)
Increase (decrease) in —    
Accounts payable 16,037,000 5,467,000
Customer deposits (7,922,000) 4,649,000
Accrued expenses and long-term liabilities 5,098,000 5,457,000
Net cash provided by (used in) operating activities (5,679,000) 24,026,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (12,354,000) (8,451,000)
Net cash used in acquisition of businesses, primarily property and equipment and inventory (18,725,000) (17,062,000)
Proceeds from sale of property and equipment and assets held for sale 946,000 138,000
Net cash used in investing activities (30,133,000) (25,375,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on short-term borrowings 58,284,000 26,190,000
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 3,029,000 1,266,000
Contingent acquisition consideration payments (150,000)  
Payments on tax withholdings for equity awards (87,000) (80,000)
Purchase of treasury stock (4,919,000) (3,078,000)
Net cash provided by financing activities 56,157,000 24,298,000
NET INCREASE IN CASH AND CASH EQUIVALENTS 20,345,000 22,949,000
CASH AND CASH EQUIVALENTS, beginning of period 38,585,000 32,611,000
CASH AND CASH EQUIVALENTS, end of period 58,930,000 55,560,000
Cash paid for:    
Interest 6,211,000 4,647,000
Income taxes 457,000 213,000
Non-cash items:    
Adjustment to retained earnings and deferred tax assets to adopt ASU 2016-09   5,197,000
Contingent consideration liabilities from acquisitions $ 3,720,000 3,307,000
Exchange of equity interest for controlling interest   $ 2,860,000