Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating Activities      
Net income (loss) $ 17,367 $ 1,508 $ (15,723)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 1,729 1,398 1,258
Write-down of inventory 102 544 733
(Reversal of) provision for allowance for doubtful accounts (32) 44 24
Deferred income taxes 592 (65) 218
Non-cash share based compensation expense 543 401 326
Loss on sales of subsidiaries     13,709
Gain on sale of fixed assets (12,465)    
Other, net   43 55
Changes in operating assets and liabilities:      
Accounts receivable (2,479) (11,023) 1,359
Inventories (3,684) (5,180) (913)
Contract and other assets (2,203) (686) 324
Accounts payable (1,080) 5,472 (3,620)
Accrued income taxes 623 353 (2,701)
Accrued and other liabilities 584 829 4,658
Contract liabilities 5,607 400 (1,371)
Net cash provided by (used in) operating activities 5,204 (5,962) (1,664)
Investing Activities      
Purchases of property, plant and equipment (1,135) (3,012) (2,676)
Proceeds from sale of property, plant and equipment 19,908    
Net cash disposed of in sales of subsidiaries     (9,940)
Acquisition, net of cash and cash equivalents acquired   (5,082)  
Net cash provided by (used in) investing activities 18,773 (8,094) (12,616)
Financing Activities      
Proceeds from the exercise of stock options 720 1,546 877
Repurchase of common stock (4,115)   (2,000)
Payments on long-term debt (4,872) (380) (379)
Net cash (used in) provided by financing activities (8,267) 1,166 (1,502)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (1,672) 656 1,718
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 14,038 (12,234) (14,064)
Cash, Cash Equivalents and Restricted Cash, Beginning of Year [1] 32,836 45,070 59,134
Cash, Cash Equivalents and Restricted Cash, End of Year [1] 46,874 32,836 45,070
Supplemental Cash Flow Information:      
Income tax payments, net 386 1,868 2,116
Interest paid, net of capitalized interest 164 241 265
Supplemental Non-cash Financing and Investing Activities:      
Transfer of inventory to property, plant, and equipment 169 39 37
Leased assets obtained in exchange for new operating lease liabilities 3,686 3,680 $ 5,262
Leased assets obtained in exchange for new finance lease liabilities $ 42 160  
Accrued for asset retirement obligation   $ 36  
[1] Includes Cash, Cash Equivalents and Restricted Cash that are included in Held-For-Sale Assets on the Consolidated Balance Sheets for periods prior to January 22, 2020.