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, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 23,842 $ 18,769
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32,294 32,158
Stock-based compensation expense 9,017 5,267
Change in deferred taxes (829) 107
Gain on sale of assets (403) (347)
Unrealized gain on investments (1,411) (557)
Changes in working capital items (5,095) (6,635)
Increase in other assets (9,105) (3,181)
Decrease in other liabilities (2,041) (267)
Increase in pension and postretirement benefits 7,696 6,751
Other, net (9,679) (174)
Net cash provided by operating activities 44,286 51,891
Cash flows from investing activities:    
Capital expenditures (13,250) (23,946)
Acquisitions, net of cash acquired (92,564) (6,081)
Proceeds from sale of assets 960 1,121
Net cash used in investing activities (104,854) (28,906)
Cash flows from financing activities:    
Proceeds from long-term debt 239,427 22,055
Payments on long-term debt (168,977) (37,960)
Proceeds from the exercise of stock options 14 1,798
Purchases of treasury stock (9,173) (8,209)
Dividends (10,809) (9,646)
Transaction with noncontrolling interests 0 (4,161)
Net cash provided by (used in) financing activities 50,482 (36,123)
Effect of exchange rate changes on cash (2,022) 274
Net change in cash and cash equivalents $ (12,108) $ (12,864)