XML 108 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 35,943 $ 23,600
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 4,496 3,814
Deferred income tax provision (91) 1,402
Loss (gain) on sale of property and equipment (48) 98
Stock-based compensation expense 3,263 2,013
(Increase) decrease in, net of effects of acquisitions —    
Accounts receivable, net 10,750 2,123
Inventories, net (70,265) (38,572)
Prepaid expenses and other assets 358 (1,956)
(Decrease) increase in, net of effects of acquisitions —    
Accounts payable (118) (16,520)
Contract liabilities (customer deposits) 26,576 16,134
Accrued expenses and other liabilities (2,785) (4,975)
Net cash (used in) provided by operating activities 8,079 (12,839)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (23,856) (7,045)
Cash used in acquisition of businesses, net of cash acquired (67,071) (48,261)
Purchases of investments (1,750)  
Proceeds from sale of property and equipment 99 129
Net cash used in investing activities (92,578) (55,177)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (payments) borrowings on short-term borrowings 86,088 (11,492)
Proceeds from long-term debt   46,375
Payments for long-term debt (875) (377)
Payments for debt issuance costs   (910)
Contingent acquisition consideration payments (3,000)  
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 1,079 1,523
Payments on tax withholdings for equity awards (4,296) (2,024)
Net cash provided by financing activities 78,996 33,095
Effect of exchange rate changes on cash (374) 367
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,877) (34,554)
CASH AND CASH EQUIVALENTS, beginning of period 222,192 155,493
CASH AND CASH EQUIVALENTS, end of period 216,315 120,939
Cash paid for:    
Interest 573 1,095
Income taxes 103 2,388
Non-cash items:    
Contingent consideration liabilities from acquisitions $ 6,030 $ 8,200