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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 34,007 $ 94,239
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 33,087 27,391
Deferred income tax provision, net of effects of acquisitions 2,283 18,271
Loss (Gain) on sale of property and equipment and assets held for sale 14 248
Gain on previously held equity investment upon acquisition of the entire business   (5,129)
Stock-based compensation expense 17,483 15,703
(Increase) decrease in, net of effects of acquisitions —    
Accounts receivable, net (19,490) (39,877)
Inventories (63,833) (275,196)
Prepaid expenses and other assets (2,400) (1,429)
(Decrease) increase in, net of effects of acquisitions —    
Accounts payable (26,309) 87
Contract liabilities (customer deposits) (14,939) (49,532)
Accrued expenses and other liabilities 15,219 18,287
Net cash used in operating activities (24,878) (196,937)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (43,682) (48,769)
Cash used in acquisition of businesses, net of cash acquired (21,955) (515,913)
Proceeds from investments   513
Purchases of investments   (2,486)
Proceeds from insurance settlements 531 2,425
Proceeds from sale of property and equipment and assets held for sale 282 165
Net cash used in investing activities (64,824) (564,065)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on short-term borrowings (Floor Plan) 162,191 381,671
Proceeds from long-term debt   400,000
Payments of long-term debt (25,325) (16,845)
Contingent acquisition consideration payments (3,032) (7,400)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 2,634 2,352
Payments on tax withholdings for equity awards (4,198) (3,007)
Purchase of treasury stock (2,141)  
Net cash provided by financing activities 130,129 756,771
Effect of exchange rate changes on cash 541 2,091
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS 40,968 (2,140)
CASH AND CASH EQUIVALENTS, beginning of period 201,456 228,274
CASH AND CASH EQUIVALENTS, end of period 242,424 226,134
Cash paid for:    
Interest 59,872 35,321
Income taxes 8,100 27,068
Non-cash items:    
Contingent consideration liabilities from acquisitions 1,313 $ 77,380
Other current assets held for sale previously classified as property and equipment $ 7,115