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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 109,478 $ 197,989 $ 154,979
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 41,032 19,418 15,606
Deferred income tax provision, net of effects of acquisitions 23,059 2,149 4,759
Loss (gain) from hurricane (933) 4,800  
Gain on sale of property and equipment (354) (108)  
Gain on previously held equity investment upon acquisition of the entire business (5,129)    
Proceeds from insurance settlements     941
Stock-based compensation expense 21,657 16,013 9,749
(Increase) decrease in, net of effects of acquisitions —      
Accounts receivable, net (30,977) (563) (627)
Inventories (351,753) (198,018) 139,833
Prepaid expenses and other assets 254 (4,259) (1,862)
(Decrease) increase in, net of effects of acquisitions —      
Accounts payable 24,043 7,358 (16,128)
Contract liabilities (customer deposits) (65,617) 26,273 60,960
Accrued expenses and other liabilities 13,005 5,543 5,671
Net cash provided by (used in) operating activities (222,235) 76,595 373,881
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (65,408) (58,456) (26,125)
Proceeds from insurance settlements 3,440   1,099
Cash used in acquisition of businesses, net of cash acquired (516,794) (83,198) (134,205)
Proceeds from investments 2,143 2,250  
Purchases of investments (2,486) (1,750) (2,250)
Proceeds from sale of property and equipment and assets held for sale 2,740 703 350
Net cash used in investing activities (576,365) (140,451) (161,131)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net borrowings (payments) on short-term borrowings (Floor Plan) 404,708 107,798 (162,655)
Proceeds from long-term debt 400,000   46,375
Payments for long-term debt (25,272) (2,902) (2,404)
Payments for debt issuance costs   (3,145) (1,081)
Net proceeds from issuance of common stock under incentive compensation, and employee purchase plans 2,353 2,199 2,626
Contingent acquisition consideration payments (8,340) (4,950) (2,640)
Payments on tax withholdings for equity awards (3,045) (4,644) (2,196)
Purchase of treasury stock   (21,292) (23,769)
Net cash (used in) provided by financing activities 770,404 73,064 (145,744)
Effect of exchange rate changes on cash 1,378 (3,126) (307)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS: (26,818) 6,082 66,699
CASH AND CASH EQUIVALENTS, beginning of year 228,274 222,192 155,493
CASH AND CASH EQUIVALENTS, end of year 201,456 228,274 222,192
Cash paid for:      
Interest 51,974 2,592 4,452
Income taxes 30,034 64,843 53,356
Non-cash items:      
Accrued tax withholdings upon vesting of equity awards 3,082 1,903 2,866
Contingent consideration liabilities from acquisitions $ 77,380 $ 7,350 $ 10,640