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
 3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:    
Net income $ 4,503 $ 14,245
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,748 15,428
Stock-based compensation expense 2,526 2,525
Changes in deferred taxes (629) (7,605)
Gain on sale of assets (206) (31)
Unrealized gain on investments (424) 0
Changes in working capital items (12,486) (12,982)
Increase in other assets (1,703) (98)
Decrease in other liabilities (87) (1,395)
Increase in pension and postretirement benefits 3,041 1,945
Other, net (264) (3,609)
Net cash provided by operating activities 10,019 8,423
Cash flows from investing activities:    
Capital expenditures (14,158) (9,268)
Proceeds from sale of assets 849 629
Proceeds from sale of subsidiary 0 10,418
Net cash (used in) provided by investing activities (13,309) 1,779
Cash flows from financing activities:    
Proceeds from long-term debt 21,634 10,928
Payments on long-term debt (10,366) (17,925)
Proceeds from the exercise of stock options 1,798 3,727
Purchases of treasury stock (6,730) (8,016)
Dividends (4,914) (4,302)
Transaction with noncontrolling interest (4,161) 0
Net cash used in financing activities (2,739) (15,588)
Effect of exchange rate changes on cash (1,061) (1,603)
Net change in cash and cash equivalents $ (7,090) $ (6,989)