v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities      
Net income $ 49,362 $ 20,327 $ 7,293
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 3,413 2,302 2,422
Change in allowance for doubtful accounts 0 210 0
Amortization of discount on investments (42) (7) (64)
Deferred taxes (326) (187) (280)
Loss on disposal of assets 13 0 6
Stock-based compensation 2,339 1,280 774
Changes in operating assets and liabilities, net of acquired amounts:      
Accounts receivable (24,234) (9,151) (1,378)
Inventories, net (43,744) (13,116) (5,396)
Other assets (282) (531) 128
Accounts payable and accrued expenses 14,502 9,776 3,152
Net cash provided by operating activities 1,001 10,903 6,656
Cash flows from investing activities      
Purchases of property, plant and equipment and intangible assets (9,148) (2,046) (1,806)
Purchases of investments (248) (24,809) (34,057)
Proceeds from sales and maturities of investments 17,386 13,255 35,822
Business acquisition, net of cash acquired (16,187) 0 0
Net cash used in investing activities (8,197) (13,600) (41)
Cash flows from financing activities      
Borrowing on line of credit 16,700 0 0
Proceeds from issuance of common stock under employee stock purchase plan 544 384 349
Repurchase of shares for payment of withholding taxes for vested restricted stock grants (1,406) (462) (176)
Withholding related to exercise of stock options (5,183) (458) 10
Repurchase of common stock 0 0 (429)
Net cash provided by (used in) financing activities 10,655 (536) (247)
Effect of exchange rates on cash (24) 0 0
Increase (decrease) in cash and cash equivalents 3,434 (3,233) 6,368
Cash and cash equivalents, beginning of year 13,216 16,450 10,082
Cash and cash equivalents, end of year 16,650 13,216 16,450
Supplemental disclosures for cash flow information      
Cash paid during the year for income taxes 13,744 5,505 1,442
Cash paid for interest 119 0 0
Non-cash financing activities      
Cashless exercise of stock options $ 1,624 $ 1,271 $ 98

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