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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 44,262 $ 23,161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24,452 21,562
Amortization of right-of-use assets for operating leases 17,492 16,468
Provision for credit losses 15,063 5,066
Stock-based compensation 6,402 5,698
Deferred income taxes 579 (2,336)
Training equipment credits earned, net (108) 1,309
Unrealized loss on interest rate swaps, net of taxes (92) (539)
Other losses, net 1,179 137
Changes in assets and liabilities:    
Receivables (21,895) (9,867)
Prepaid expenses and other current assets (4,499) (7,316)
Other assets (5,383) (2,380)
Notes receivable (4,051) (4,695)
Accounts payable, accrued expenses and other current liabilities 6,455 9,033
Deferred revenue (25,495) (19,761)
Income tax payable/receivable 3,598 (342)
Operating lease liabilities (16,758) (15,946)
Other liabilities (975) (891)
Net cash provided by operating activities 40,226 18,361
Cash flows from investing activities:    
Purchase of property and equipment (25,499) (16,769)
Purchase of held-to-maturity investments (54,648) 0
Proceeds received upon maturity of investments 1,874 0
Proceeds from insurance policy 0 261
Net cash used in investing activities (78,273) (16,508)
Cash flows from financing activities:    
Proceeds from revolving credit facility 6,000 36,000
Payments on revolving credit facility (56,000) (59,000)
Payment of term loans and finance leases (2,010) (1,870)
Preferred share repurchase 0 (11,503)
Payments of preferred stock cash dividend 0 (1,097)
Proceeds from stock option exercises 659 0
Payment of payroll taxes on stock-based compensation through shares withheld (4,675) (2,191)
Net cash used in financing activities (56,026) (39,661)
Change in cash, cash equivalents and restricted cash (94,073) (37,808)
Cash and cash equivalents, beginning of period 161,900 151,547
Restricted cash, beginning of period 5,572 5,377
Cash, cash equivalents and restricted cash, beginning of period 167,472 156,924
Cash and cash equivalents, end of period 70,672 115,505
Restricted cash, end of period 2,727 3,611
Cash, cash equivalents and restricted cash, end of period 73,399 119,116
Supplemental disclosure of cash flow information:    
Income taxes paid (refunds received), net 10,364 9,968
Interest paid 4,946 8,052
Supplemental schedule of noncash investing and financing activities:    
Training equipment obtained in exchange for services 930 702
Depreciation of training equipment obtained in exchange for services 502 412
Change in accrued capital expenditures during the period (1,321) (1,263)
Conversion of Series A Preferred Stock $ 0 $ 63,206