Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

v3.22.4
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 (loss) $ 3,647 $ (19,810)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 23,729 33,501
Stock-based compensation expense 4,334 3,709
Deferred tax (benefit) provision (46) 47
Gain on sale of assets, net (17) (276)
Defined benefit plan settlement losses 1,271 30,856
Defined benefit plan settlement payments (24,242) (35,706)
Changes in working capital items (43,152) (40,816)
Decrease in other assets 1,524 2,112
Increase (decrease) in other liabilities 545 (3,415)
Other operating activities, net (3,817) 2,642
Net cash used in operating activities (36,224) (27,156)
Cash flows from investing activities:    
Capital expenditures (12,398) (12,640)
Acquisitions, net of cash acquired (1,759) 0
Other investing activities, net 4 171
Net cash used in investing activities (14,153) (12,469)
Cash flows from financing activities:    
Proceeds from long-term debt 240,826 174,859
Payments on long-term debt (208,104) (102,514)
Purchases of treasury stock (2,451) (2,435)
Dividends (7,003) (6,824)
Other financing activities (946) (725)
Net cash provided by financing activities 22,322 62,361
Effect of exchange rate changes on cash 1,757 (928)
Net change in cash, cash equivalents and restricted cash (26,298) 21,808
Cash, cash equivalents and restricted cash at beginning of year 71,414 68,343
Cash, cash equivalents and restricted cash at end of period $ 45,116 $ 90,151