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
 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 24,619 $ 19,626
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 2,822 1,362
Amortization of discount on investments (1,139) (21)
Deferred taxes (35) 0
Stock-based compensation 1,444 1,010
Changes in operating assets and liabilities, net of acquired amounts:    
Accounts receivable 16,353 (2,398)
Inventories, net (17,243) (33,394)
Other assets (2,407) (811)
Accounts payable and accrued expenses (14,273) 3,344
Net cash provided by (used in) operating activities 10,141 (11,282)
Cash flows from investing activities    
Purchases of property, plant and equipment, and intangible assets (4,797) (4,842)
Purchases of investments (99,126) (248)
Proceeds from sales and maturities of investments 100,743 17,386
Net cash provided by (used in) investing activities (3,180) 12,296
Cash flows from financing activities    
Repayment of long-term debt (16,700) 0
Proceeds from issuance of common stock under employee stock purchase plan 299 249
Repurchase of shares for payment of withholding taxes for stock grants (954) (274)
Withholding related to exercise of stock options (471) (282)
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 113,390 (307)
Effect of exchange rates on cash 80 0
Increase in cash and cash equivalents 120,431 707
Cash and cash equivalents, beginning of year 16,650 13,216
Cash and cash equivalents, end of year 137,081 13,923
Supplemental disclosures for cash flow information    
Cash paid for income taxes 10,211 6,934
Cash paid for interest expense 266 0
Non-cash financing activities    
Cashless exercise of stock options $ 510 $ 210