v3.22.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 19,626 $ 6,803
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 1,362 1,139
Change in allowance for doubtful accounts 0 210
Amortization of discount on investments (21) 0
Stock-based compensation 1,010 623
Changes in operating assets and liabilities:    
Accounts receivable (2,398) (2,908)
Inventories, net (33,394) (219)
Other assets (811) (189)
Accounts payable and accrued expenses 3,344 1,240
Net cash (used in) provided by operating activities (11,282) 6,699
Cash flows from investing activities    
Purchases of property, plant and equipment and intangible assets (4,842) (682)
Purchases of investments (248) (6,448)
Proceeds from sales and maturities of investments 17,386 6,651
Net cash provided by (used in) investing activities 12,296 (479)
Cash flows from financing activities    
Proceeds from issuance of common stock under employee stock purchase plan 249 179
Tax withholding related to vesting of restricted stock grants (274) (54)
Withholding related to exercise of stock options (282) (456)
Net cash used in financing activities (307) (331)
Increase in cash and cash equivalents 707 5,889
Cash and cash equivalents, beginning of period 13,216 16,450
Cash and cash equivalents, end of period 13,923 22,339
Supplemental disclosures for cash flow information    
Cash paid during the year for income taxes 6,934 2,331
Non-cash financing activities    
Cashless exercise of stock options $ 210 $ 1,269

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