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, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net income $ 8,974 $ 4,503
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,159 15,748
Stock-based compensation expense 6,097 2,526
Change in deferred taxes (627) (629)
Loss (gain) on sale of assets 55 (206)
Unrealized gain on investments (809) (424)
Changes in working capital items (12,808) (12,486)
Increase in other assets (1,177) (1,703)
Decrease in other liabilities (928) (87)
Increase in pension and postretirement benefits 3,318 3,041
Other, net (1,208) (264)
Net cash provided by operating activities 16,046 10,019
Cash flows from investing activities:    
Capital expenditures (5,069) (14,158)
Acquisitions, net of cash acquired (10,733) 0
Proceeds from sale of assets 7 849
Net cash used in investing activities (15,795) (13,309)
Cash flows from financing activities:    
Proceeds from long-term debt 133,454 21,634
Payments on long-term debt (67,533) (10,366)
Proceeds from the exercise of stock options 14 1,798
Purchases of treasury stock (6,499) (6,730)
Dividends (5,389) (4,914)
Transaction with noncontrolling interests 0 (4,161)
Net cash provided by (used in) financing activities 54,047 (2,739)
Effect of exchange rate changes on cash (3,602) (1,061)
Net change in cash and cash equivalents $ 50,696 $ (7,090)