XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 46,060 $ 30,150 $ (6,312)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 12,391 8,238 8,836
Deferred tax expense (benefit) 3,080 (1,253) (1,268)
Gain on sale of businesses and assets (2,970) (714) (777)
Impairment of assets 1,888 13,612 10,615
Amortization and writeoff of debt discount and issuance costs 314 311 236
Doubtful accounts expense (reversal) on notes receivable 753 (80) 602
Unrealized loss on equity securities 0 84 64
Loss (gain) on insurance (463) (1,337) 596
Noncash lease expense 2,607 1,729 1,660
Stock-based compensation expense 2,353 0 0
Gain on debt extinguishment (83) (5,298) 0
Changes in operating assets and liabilities, net of business acquisitions:      
Accounts receivable (175) (769) (294)
Inventories (554) (287) 226
Prepaid expenses, other current assets and other assets 387 4,120 1,633
Accounts payable and accrued liabilities (1,079) (6,515) (185)
Net cash provided by operating activities 64,509 41,991 15,632
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of businesses and assets 10,669 5,415 2,221
Proceeds from notes receivable 182 130 1,576
Proceeds from insurance 648 1,152 945
Payments for property and equipment and intangible assets (24,003) (13,511) (5,736)
Acquisition of businesses, net of cash acquired (55,293) 0 0
Net cash used in investing activities (67,797) (6,814) (994)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from debt obligations, including related party proceeds of $650, $0, and $0, respectively 35,820 38,490 6,503
Payments on debt obligations (14,894) (49,178) (8,832)
Purchase of treasury stock (15,097) (1,794) (9,484)
Payment of dividends (1,784) (1,440) (1,286)
Payment of loan origination costs (463) (1,174) 0
Distribution to noncontrolling interests 0 0 (31)
Net cash provided by (used in) financing activities 3,582 (15,096) (13,130)
NET INCREASE IN CASH AND CASH EQUIVALENTS 294 20,081 1,508
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 35,686 15,605 14,097
CASH AND CASH EQUIVALENTS AT END OF YEAR 35,980 35,686 15,605
CASH PAID DURING YEAR FOR:      
Interest paid, net of amounts capitalized 11,227 10,362 8,695
Income taxes paid (net of refunds of $2,256, $2,201, and $153, in 2022, 2021, and 2020, respectively) 9,500 5,389 2,200
Non-cash investing and financing transactions:      
Debt incurred with seller in connection with acquisition of businesses 49,000 0 0
Debt incurred in connection with purchase of property and equipment 9,201 0 0
Notes receivable received as proceeds from sale of assets 2,700 0 0
Investment from noncontrolling partner in connection with purchase of property 1,070 0 0
Issuance of shares of common stock for acquisition of business:      
Number of shares 500 0 0
Fair value 29,933 0 0
Accounts receivable converted to notes receivable 0 0 122
Refinanced long-term debt 0 62,832 11,292
Operating lease right-of-use assets established upon adoption of ASC 842 0 0 27,310
Deferred rent liabilities reclassified upon adoption of ASC 842 0 0 1,241
Operating lease liabilities established upon adoption of ASC 842 0 0 28,551
Adjustment to operating lease right-of-use assets and operating lease liabilities related to new and renewed leases 21,424 491 0
Unpaid liabilities on capital expenditures 1,503 830 29
Receivable on eminent domain disposition $ 1,047 $ 0 $ 0