Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:      
Net income (loss) $ (24,471) $ (59,660) $ 39,136
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Depreciation and amortization 71,746 94,770 96,530
Stock-based compensation expense 23,065 18,478 17,308
Deferred tax expense (benefit) 23,140 (25,223) (21,626)
Equity and other investment (income) losses (2,890) 148 0
Asset write-downs 7,911 16,847 0
Goodwill write-downs 0 16,727 0
Defined benefit plan settlement losses 0 0 1,271
Defined benefit plan settlement payments 0 0 24,242
Proceeds from the settlement of cash flow hedges 0 0 10,474
Payments of divestiture transaction costs (8,902) 0 0
Changes in working capital items (45,394) 14,696 (35,503)
Decrease in other non-current assets 11,258 20,613 9,339
Decrease in other non-current liabilities (10,870) (17,196) (8,863)
Other operating activities, net (9,827) 510 (1,320)
Net cash (used in) provided by operating activities (23,550) 79,282 79,524
Cash flows from investing activities:      
Capital expenditures (35,818) (45,218) (50,598)
Acquisitions, net of cash acquired (55,832) (5,825) (15,341)
Purchases of investments (63) (825) (1,606)
Proceeds from sale of assets 21,250 4,156 2,120
Proceeds from sale of investments 0 200 0
Net cash provided by (used in) investing activities 159,590 (46,968) (58,725)
Cash flows from financing activities:      
Proceeds from long-term debt 1,360,651 1,244,737 865,747
Payments on long-term debt (1,427,648) (1,276,075) (883,971)
Purchases of treasury stock (12,228) (20,574) (2,857)
Dividends (32,759) (31,409) (28,202)
Acquisition holdback and contingent consideration payments (10,184) 0 0
Payments of debt issuance costs 0 (10,154) 0
Proceeds from net investment hedges 14,990 58,432 0
Payments on net investment hedges (37,092) 0 0
Other financing activities 0 0 (912)
Net cash used in financing activities (144,270) (35,043) (50,195)
Effect of exchange rate changes on cash (152) 1,444 83
Net change in cash and cash equivalents (8,383) (1,285) (29,313)
Cash and cash equivalents at beginning of year 40,816 42,101 71,414
Cash and cash equivalents at end of year 32,433 40,816 42,101
Cash paid during the year for:      
Interest 51,109 50,337 43,525
Income taxes 16,760 19,246 18,014
SGK Business      
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Gains on other divestitures and sale of assets, net (55,139) 0 0
Cash flows from investing activities:      
Proceeds from sale of SGK Business 228,004 0 0
Other Divestitures      
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Gains on other divestitures and sale of assets, net (3,177) (1,428) (2,980)
Cash flows from investing activities:      
Proceeds from other divestitures $ 2,049 $ 544 $ 6,700