Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 29,837 $ 32,370
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 4,411 2,205
Amortization of discount on investments (2,429) (31)
Stock-based compensation 2,504 1,647
Changes in operating assets and liabilities, net of acquired amounts:    
us-gaap_IncreaseDecreaseInAccountsReceivable (24,519) 12,156
Inventories, net (21,510) (41,816)
Other assets (3,525) (185)
Accounts payable and accrued expenses (20,326) 8,677
Net cash provided by (used in) operating activities 13,481 (9,289)
Cash flows from investing activities    
Purchases of property, plant and equipment, and intangible assets (6,529) (6,764)
Purchases of investments (210,923) (248)
Proceeds from sales and maturities of investments 105,077 17,386
Net cash provided by (used in) investing activities (112,375) 10,374
Cash flows from financing activities    
Repayment of long-term debt (16,700) 0
Proceeds from issuance of common stock under employee stock purchase plan 612 544
Repurchase of shares for payment of withholding taxes for stock grants (954) (274)
Withholding related to exercise of stock options (493) (379)
Issuance of stock under equity compensation plans 954 0
Net proceeds from issuance of common stock 130,262 0
Net cash provided by (used in) financing activities 113,681 (109)
Effect of exchange rates on cash (52) 0
Increase in cash and cash equivalents 14,735 976
Cash and cash equivalents, beginning of year 16,650 13,216
Cash and cash equivalents, end of year 31,385 14,194
Supplemental disclosures for cash flow information    
Cash paid for income taxes 12,589 9,913
Cash paid for interest expense 360 0
Non-cash financing activities    
Cashless exercise of stock options $ 566 $ 276