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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,964 $ 21,537
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 7,067 5,071
Impairment of assets 662 0
Stock-based compensation 1,647 0
Gain on sale of businesses and assets (689) (708)
Unrealized loss on equity securities 0 1
Amortization of debt discount and issuance costs 291 136
Gain on debt extinguishment 0 (83)
Noncash lease expense 1,463 1,238
Gain on insurance (91) (321)
Doubtful accounts expense on notes receivable 0 53
Changes in operating assets and liabilities:    
Accounts receivable 708 1,065
Inventories 79 (276)
Prepaid expenses, other current and other assets (5,705) (5,360)
Accounts payable, accrued and other liabilities 8,288 5,508
Net cash provided by operating activities 31,684 27,861
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of businesses and assets 2,810 2,910
Proceeds from insurance 91 485
Proceeds from notes receivable 113 82
Payments for property and equipment and intangible assets (20,890) (13,990)
Acquisition of businesses, net of cash acquired (30,200) (39,302)
Net cash used in investing activities (48,076) (49,815)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt obligations, including related party proceeds of $0 and $650, respectively 11,595 35,742
Payments on debt obligations (6,481) (7,290)
Purchase of treasury stock (98) (2,845)
Payment of dividends (1,015) (854)
Payment of loan origination costs (205) (418)
Share in return of investment by noncontrolling partner (600) 0
Net cash provided by financing activities 3,196 24,335
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (13,196) 2,381
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 35,980 35,686
CASH AND CASH EQUIVALENTS AT END OF PERIOD 22,784 38,067
CASH PAID DURING PERIOD FOR:    
Interest 6,874 5,064
Income taxes 5,605 4,008
Noncash investing and financing transactions:    
Debt incurred in connection with acquisition of businesses 32,405 22,200
Debt incurred in connection with purchase of property and equipment 5,584 2,625
Note receivable from sale of property 0 2,700
Issuance of shares of common stock for acquisition of businesses:    
Number of shares 200 500
Fair value 16,308 30,362
Adjustment to operating lease right-of-use assets related to new and renewed leases 1,659 19,187
Adjustment to operating lease liabilities related to new and renewed leases 1,958 19,187
Unpaid liabilities on capital expenditures $ 3,045 $ 1,201