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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,773,000 $ 26,981,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,638,000 11,108,000
Impairment of assets 25,964,000 3,293,000
Deferred income tax benefit (6,419,000) (790,000)
Stock-based compensation 1,412,000 2,117,000
Loss (gain) on sale of businesses and assets 116,000 (872,000)
Amortization of debt discount and issuance costs 462,000 453,000
Noncash lease expense 2,318,000 2,226,000
Gain on insurance 0 (91,000)
Doubtful accounts expense on notes receivable 22,000 0
Changes in operating assets and liabilities, net of business acquisitions:    
Accounts receivable 3,052,000 1,480,000
Inventories (212,000) 79,000
Prepaid expenses, other current and other assets (3,484,000) (3,602,000)
Accounts payable, accrued and other liabilities 2,591,000 4,622,000
Net cash provided by operating activities 40,233,000 47,004,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of businesses and assets 1,950,000 2,811,000
Proceeds from insurance 0 91,000
Proceeds from notes receivable 179,000 170,000
Payments for property and equipment and intangible assets (19,219,000) (31,119,000)
Acquisition of businesses, net of cash acquired 0 (29,000,000)
Net cash used in investing activities (17,090,000) (57,047,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from debt obligations 22,657,000 11,595,000
Payments on debt obligations (17,137,000) (11,431,000)
Purchase of treasury stock (12,775,000) (98,000)
Payment of dividends (1,674,000) (1,580,000)
Payment of loan origination costs (290,000) (239,000)
Share in return of investment by noncontrolling partner 0 (600,000)
Net cash used in financing activities (9,219,000) (2,353,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,924,000 (12,396,000)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 21,023,000 35,980,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD 34,947,000 23,584,000
CASH PAID DURING PERIOD FOR:    
Interest 12,015,000 11,070,000
Income taxes 3,861,000 8,931,000
Noncash investing and financing transactions:    
Debt incurred in connection with acquisition of businesses 0 30,405,000
Debt incurred in connection with purchase of property and equipment 0 10,476,000
Issuance of shares of common stock for acquisition of businesses:    
Number of shares 0 200,000
Fair value 0 12,847,000
Adjustment to operating lease right-of-use assets related to new and renewed leases 0 1,864,000
Adjustment to operating lease liabilities related to new and renewed leases 0 2,163,000
Unpaid excise tax on stock repurchases 127,000 0
Unpaid liabilities on capital expenditures $ 524,000 $ 2,758,000