Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net (loss) income $ (567) $ 13,184
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 3,435 1,330
Write-down of inventory 1,233 235
Deferred income taxes (3,430)  
Non-cash share-based compensation expense 528 386
Gain on sale of property, plant and equipment   (12,465)
Provision for allowance for doubtful accounts 109 10
Changes in operating assets and liabilities:    
Accounts receivable 2,391 1,714
Inventories (4,724) (5,617)
Other assets 1,775 (1,298)
Accounts payable (1,586) 1,603
Accrued income taxes (1,947) 713
Accrued and other liabilities (2,993) 1,031
Contract liabilities (1,374) 4,264
Net cash (used in) provided by operating activities (7,150) 5,090
Investing Activities    
Purchases of property, plant and equipment (1,922) (325)
Proceeds from the sale of property, plant and equipment 6 19,908
Acquisition, net of cash and cash equivalents acquired (34,938)  
Net cash (used in) provided by investing activities (36,854) 19,583
Financing Activities    
Proceeds from the exercise of stock options 539 111
Repurchase of common stock   (4,115)
Payments on long-term debt (949) (4,851)
Borrowings on long-term debt 12,000  
Net cash provided by (used in) financing activities 11,590 (8,855)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (155) (441)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (32,569) 15,377
Cash and Cash Equivalents , Beginning of Period 46,874 32,836
Cash, Cash Equivalents and Restricted Cash, End of Period 14,305 48,213
Supplemental Cash Flow Information:    
Income tax payments, net 2,559 30
Interest paid $ 283 $ 166