v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 19,987 $ 35,943
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,118 4,496
Deferred income tax (benefit) provision, net of effects of acquisitions 1,784 (91)
(Gain) loss on sale of property and equipment and assets held for sale 113 (48)
Stock-based compensation expense 4,845 3,263
(Increase) decrease in, net of effects of acquisitions —    
Accounts receivable, net (11,939) 10,750
Inventories, net (149,234) (70,265)
Prepaid expenses and other assets 1,042 358
(Decrease) increase in, net of effects of acquisitions —    
Accounts payable (2,789) (118)
Contract liabilities (customer deposits) (26,832) 26,576
Accrued expenses and other liabilities (2,389) (2,785)
Net cash provided by (used in) operating activities (156,294) 8,079
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (10,437) (23,856)
Cash used in acquisition of businesses, net of cash acquired (488,248) (67,071)
Purchases of investments   (1,750)
Proceeds from insurance settlements 177  
Proceeds from sale of property and equipment and assets held for sale 25 99
Net cash used in investing activities (498,483) (92,578)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings on short-term borrowings 208,860 86,088
Proceeds from long-term debt 400,000  
Payments of long-term debt (641) (875)
Contingent acquisition consideration payments (4,000) (3,000)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans 1,262 1,079
Payments on tax withholdings for equity awards (2,962) (4,296)
Net cash provided by financing activities 602,519 78,996
Effect of exchange rate changes on cash 1,757 (374)
NET DECREASE IN CASH AND CASH EQUIVALENTS (50,501) (5,877)
CASH AND CASH EQUIVALENTS, beginning of period 228,274 222,192
CASH AND CASH EQUIVALENTS, end of period 177,773 216,315
Cash paid for:    
Interest 1,832 573
Income taxes 2,187 103
Non-cash items:    
Contingent consideration liabilities from acquisitions $ 68,680 $ 6,030