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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,294 $ 49,911
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 21,897 17,972
Deferred income tax provision, net of effects of acquisitions 1,229 11,460
Loss (Gain) on sale of property and equipment and assets held for sale (41) 277
Gain on previously held equity investment upon acquisition of the entire business   (5,129)
Stock-based compensation expense 11,403 10,213
(Increase) decrease in, net of effects of acquisitions —    
Accounts receivable, net (35,791) (59,866)
Inventories (116,021) (254,210)
Prepaid expenses and other assets 1,757 2,631
(Decrease) increase in, net of effects of acquisitions —    
Accounts payable (10,582) (2,473)
Contract liabilities (customer deposits) (2,635) (32,787)
Accrued expenses and other liabilities 15,308 11,479
Net cash used in operating activities (111,182) (250,522)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (28,508) (25,905)
Cash used in acquisition of businesses, net of cash acquired (21,955) (498,610)
Proceeds from insurance settlements 494 177
Proceeds from sale of property and equipment and assets held for sale 80 92
Net cash used in investing activities (49,889) (524,246)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on short-term borrowings (Floor Plan) 197,723 366,295
Proceeds from long-term debt   400,000
Payments of long-term debt (16,883) (8,743)
Contingent acquisition consideration payments (2,632) (7,000)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 1,434 1,262
Payments on tax withholdings for equity awards (4,198) (2,962)
Net cash provided by financing activities 175,444 748,852
Effect of exchange rate changes on cash 855 1,981
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 15,228 (23,935)
CASH AND CASH EQUIVALENTS, beginning of period 201,456 228,274
CASH AND CASH EQUIVALENTS, end of period 216,684 204,339
Cash paid for:    
Interest 39,271 13,444
Income taxes 5,957 24,347
Non-cash items:    
Contingent consideration liabilities from acquisitions $ 1,313 $ 77,380