XML 15 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 10,564,000 $ 9,509,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 2,194,000 2,023,000
Gain on sale of businesses and assets (523,000) (5,000)
Unrealized loss on equity securities 1,000 33,000
Amortization of debt discount and issuance costs 51,000 51,000
Gain on debt extinguishment (83,000) (4,920,000)
Noncash lease expense 629,000 421,000
Gain on insurance (250,000)
Doubtful accounts expense (reversal) on notes receivable 17,000 (93,000)
Changes in operating assets and liabilities:    
Accounts receivable 1,344,000 1,433,000
Inventories (445,000) (22,000)
Prepaid expenses, other current and other assets (6,519,000) 1,125,000
Accounts payable, accrued and other liabilities 9,034,000 (3,031,000)
Net cash provided by operating activities 16,264,000 6,274,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of businesses and assets 803,000
Proceeds from insurance 185,000 250,000
Proceeds from notes receivable 34,000 26,000
Payments for property and equipment and intangible assets (9,850,000) (1,289,000)
Acquisition of businesses, net of cash acquired (39,302,000)
Net cash used in investing activities (48,130,000) (1,013,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt obligations, including related party proceeds of $650 and $0, respectively 17,002,000
Payments on debt obligations (2,488,000) (1,745,000)
Purchase of treasury stock (1,794,000)
Payment of dividends (380,000) (360,000)
Net cash provided by (used in) financing activities 14,134,000 (3,899,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,732,000) 1,362,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,686,000 15,605,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 17,954,000 16,967,000
CASH PAID DURING PERIOD FOR:    
Interest 2,330,000 3,108,000
Income taxes 3,000
Noncash investing and financing transactions:    
Debt incurred in connection with acquisition of businesses 22,200,000
Note receivable from sale of property 2,700
Issuance of shares of common stock for acquisition of businesses:    
Number of shares 500,000,000
Fair value 30,362,000
Adjustment to operating lease right-of-use assets and lease liabilities related to new and renewed leases 18,243,000
Unpaid liabilities on capital expenditures $ 626,000