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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 94,239 $ 159,629
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,391 14,252
Deferred income tax provision, net of effects of acquisitions 18,271 4,553
(Gain) loss on sale of property and equipment and assets held for sale 248 (148)
Gain on previously held equity investment upon acquisition of the entire business (5,129)  
Stock-based compensation expense 15,703 11,110
(Increase) decrease in, net of effects of acquisitions —    
Accounts receivable, net (39,877) (11,831)
Inventories (275,196) (117,531)
Prepaid expenses and other assets (1,429) (1,599)
(Decrease) increase in, net of effects of acquisitions —    
Accounts payable 87 29,388
Contract liabilities (customer deposits) (49,532) 20,401
Accrued expenses and other liabilities 18,287 14,812
Net cash provided by (used in) operating activities (196,937) 123,036
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (48,769) (43,091)
Cash used in acquisition of businesses, net of cash acquired (515,913) (70,885)
Proceeds from investments 513 2,250
Purchases of investments (2,486) (1,750)
Proceeds from insurance settlements 2,425  
Proceeds from sale of property and equipment and assets held for sale 165 315
Net cash used in investing activities (564,065) (113,161)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on short-term borrowings 381,671 79,849
Proceeds from long-term debt 400,000  
Payments of long-term debt (16,845) (2,223)
Contingent acquisition consideration payments (7,400) (3,000)
Purchase of treasury stock   (21,292)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 2,352 2,124
Payments on tax withholdings for equity awards (3,007) (4,590)
Net cash provided by financing activities 756,771 50,868
Effect of exchange rate changes on cash 2,091 (1,584)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,140) 59,159
CASH AND CASH EQUIVALENTS, beginning of period 228,274 222,192
CASH AND CASH EQUIVALENTS, end of period 226,134 281,351
Cash paid for:    
Interest 35,321 1,791
Income taxes 27,068 40,047
Non-cash items:    
Contingent consideration liabilities from acquisitions $ 77,380 $ 7,350