v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ (20,646) $ 2,281
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 12,600 12,880
Amortization of deferred financing costs charged to interest expense 1,291 1,309
Stock-based compensation expense 1,045 1,284
Deferred income taxes, net 9,058 1,437
Changes in operating assets and liabilities:    
Accounts receivable 13,986 4,933
Other assets 1,438 (4,216)
Accounts payable and accrued liabilities (8,848) (11,614)
Accrued payroll (4,317) 2,175
Other liabilities (2,388) 2,067
Net cash provided by operating activities 3,219 12,536
Investing activities    
Purchase of equipment and improvements (39) (213)
Net cash used in investing activities (39) (213)
Financing activities    
Proceeds from revolving line of credit 154,580 172,056
Repayments of revolving line of credit (148,898) (170,075)
Repayments of secured term loan (8,500) (14,250)
Payments of deferred financing costs (159) (202)
Payments for taxes related to net share settlement of restricted stock units (93) 0
Net cash used in financing activities (3,070) (12,471)
Net change in cash 110 (148)
Cash - beginning of period 125 342
Cash - end of period 235 194
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 7,952 10,415
Cash paid during the period for income taxes 779 563
Common stock surrendered for the settlement of restricted stock units 93 0
Lease liability recognized to acquire a right-of-use asset $ 0 $ 4,187