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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 3,018 $ 29,100 $ 46,060
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 15,395 15,151 12,391
Deferred tax expense (benefit) (6,450) (1,781) 3,080
Gain on sale of businesses and assets (2,215) (870) (2,970)
Impairment of assets 38,517 12,629 1,888
Amortization and writeoff of debt discount and issuance costs 608 615 314
Doubtful accounts expense on notes receivable 0 0 753
Gain on insurance (522) (77) (463)
Noncash lease expense 2,980 2,978 2,607
Stock-based compensation expense 1,882 2,588 2,353
Gain on debt extinguishment 0 0 (83)
Changes in operating assets and liabilities, net of business acquisitions:      
Receivables 4,283 (2,383) (175)
Inventories (309) 177 (554)
Prepaid expenses, other current, and other assets (2,421) (366) 387
Accounts payable, accrued, and other liabilities 1,118 1,369 (1,079)
Net cash provided by operating activities 55,884 59,130 64,509
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of businesses and assets 1,969 4,245 10,669
Proceeds from notes receivable 249 229 182
Proceeds from insurance 1,367 86 648
Payments for property and equipment and intangible assets (24,600) (40,384) (24,003)
Acquisition of businesses, net of cash acquired 0 (29,000) (55,293)
Net cash used in investing activities (21,015) (64,824) (67,797)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from debt obligations, including related party proceeds of $0, $0, and $650, respectively 22,657 11,595 35,820
Payments on debt obligations (23,001) (15,650) (14,894)
Purchase of treasury stock (20,606) (2,223) (15,097)
Payment of dividends (2,302) (2,146) (1,784)
Payment of loan origination costs (290) (239) (463)
Share in return of investment by noncontrolling partner 0 (600) 0
Net cash provided by (used in) financing activities (23,542) (9,263) 3,582
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,327 (14,957) 294
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 21,023 35,980 35,686
CASH AND CASH EQUIVALENTS AT END OF YEAR 32,350 21,023 35,980
CASH PAID DURING THE YEAR FOR:      
Interest paid, net of amounts capitalized 16,157 15,156 11,227
Income taxes paid 5,068 8,636 9,500
Non-cash investing and financing transactions:      
Debt incurred in connection with acquisition of businesses 0 30,405 49,000
Debt incurred in connection with purchase of property and equipment 0 10,476 9,201
Debt exchanged in connection with the sale of a restaurant location 1,471 0 0
Notes receivable received as proceeds from sale of assets 0 0 2,700
Investment from noncontrolling partner in connection with purchase of property 0 0 1,070
Issuance of shares of common stock for acquisition of business:      
Number of shares 0 200 500
Fair value at acquisition date 0 12,847 29,933
Adjustment to operating lease right-of-use assets related to new and renewed leases 760 1,864 21,424
Adjustment to operating lease liabilities related to new and renewed leases 760 2,163 21,424
Unpaid excise tax on stock repurchases 206 0 0
Unpaid liabilities on capital expenditures 1,474 1,967 1,503
Receivable on eminent domain disposition $ 0 $ 0 $ 1,047