XML 18 R8.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 364 $ 1,515
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 119 150
Amortization of intangibles 3 4
Loss on disposal of fixed assets, net 1 0
Foreign exchange (gain) loss (163) 142
Provision (benefit) for credit losses - financing receivables 52 (12)
(Benefit) provision for credit losses - accounts receivable (16) 40
Provision for obsolete inventory 46 106
Amortization of lease right-of-use assets 258 244
Stock-based compensation expense on restricted stock awards 955 705
Deferred income taxes (828) 98
Increase in cash surrender value of life insurance (54) (68)
Changes in operating assets and liabilities:    
Accounts receivable 866 204
Financing receivables 863 1,529
Inventories 137 965
Refundable income taxes (468) 0
Other assets 1,182 611
Accounts payable and accrued expenses 91 (1,140)
Operating lease liabilities (257) (248)
Deferred revenue and contract liabilities 297 (230)
Pension and retirement plans liabilities (679) (67)
Income taxes payable (226) (994)
Other noncurrent liabilities 1,110 (230)
Net cash provided by operating activities 3,653 3,324
Investing activities    
Life insurance premiums paid (54) (53)
Additions of intangible assets 0 (6)
Purchases of property, equipment and improvements (54) (134)
Net cash used in investing activities (108) (193)
Financing activities    
Dividends paid (593) (433)
Net borrowing/repayment under line-of-credit agreement (3,725) (469)
Repayments on note payable 0 (427)
Repurchases of common stock (384) 0
Proceeds from issuance of shares under equity compensation plans 99 83
Net cash used in financing activities (4,603) (1,246)
Effects of exchange rate on cash, net (32) 17
Net (decrease) increase in cash and cash equivalents (1,090) 1,902
Cash and cash equivalents beginning of period 30,585 25,217
Cash and cash equivalents end of period 29,495 27,119
Supplementary cash flow information:    
Cash paid for income taxes 724 1,085
Cash paid for interest 36 22
Supplementary non-cash financing activities:    
Obtaining a right-of-use asset in exchange for a lease liability 247 0
Customer financing for inventory sold (see Note 5 Financing receivables, net for details) 2,006 1,742
Vendor financing for inventory purchased (see Note 8 Accounts payable and accrued expenses, and Other noncurrent liabilities for details) $ 1,833 $ 0