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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 38,738 $ 109,478 $ 197,989
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 44,487 41,032 19,418
Deferred income tax provision, net of effects of acquisitions 3,390 23,059 2,149
Loss (gain) from hurricane 4,850 (933) 4,800
(Loss) Gain on sale of property and equipment 432 (354) (108)
Gain on previously held equity investment upon acquisition of the entire business   (5,129)  
Stock-based compensation expense 23,961 21,657 16,013
(Increase) decrease in, net of effects of acquisitions —      
Accounts receivable, net (20,427) (30,977) (563)
Inventories (90,966) (351,753) (198,018)
Prepaid expenses and other assets (1,465) 254 (4,259)
(Decrease) increase in, net of effects of acquisitions —      
Accounts payable (17,595) 24,043 7,358
Contract liabilities (customer deposits) (16,885) (65,617) 26,273
Accrued expenses and other liabilities 5,820 13,005 5,543
Net cash provided by (used in) operating activities (25,660) (222,235) 76,595
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (60,423) (65,408) (58,456)
Proceeds from insurance settlements 581 3,440  
Cash used in acquisition of businesses, net of cash acquired (21,955) (516,794) (83,198)
Proceeds from investments   2,143 2,250
Purchases of investments   (2,486) (1,750)
Proceeds from sale of property and equipment and assets held for sale 450 2,740 703
Net cash used in investing activities (81,347) (576,365) (140,451)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net borrowings (payments) on short-term borrowings (Floor Plan) 170,000 404,708 107,798
Proceeds from long-term debt   400,000  
Payments for long-term debt (33,766) (25,272) (2,902)
Payments for debt issuance costs     (3,145)
Net proceeds from issuance of common stock under incentive compensation, and employee purchase plans 2,641 2,353 2,199
Contingent acquisition consideration payments (3,032) (8,340) (4,950)
Payments on tax withholdings for equity awards (5,193) (3,045) (4,644)
Purchase of treasury stock (2,141)   (21,292)
Net cash provided by financing activities 128,509 770,404 73,064
Effect of exchange rate changes on cash 1,368 1,378 (3,126)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS: 22,870 (26,818) 6,082
CASH AND CASH EQUIVALENTS, beginning of year 201,456 228,274 222,192
CASH AND CASH EQUIVALENTS, end of year 224,326 201,456 228,274
Cash paid for:      
Interest 79,308 51,974 2,592
Income taxes 9,827 30,034 64,843
Non-cash items:      
Accrued tax withholdings upon vesting of equity awards 3,797 3,082 1,903
Contingent consideration liabilities from acquisitions 1,313 $ 77,380 $ 7,350
Other current assets held for sale previously classified as property and equipment $ 11,964