Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:      
Net income $ 73,933 $ 66,161 $ 63,288
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 67,981 65,480 62,620
Stock-based compensation expense 14,562 10,612 9,097
Change in deferred taxes 9,725 (3,971) 9,188
Gain on sale of assets (776) (73) (276)
Unrealized (gain) loss on investments (2,660) (1,426) 377
Trade name write-offs 0 0 4,842
Changes in working capital items 5,784 13,715 (2,751)
(Increase) decrease in other assets (17,256) (5,591) 4,064
(Decrease) increase in other liabilities (7,150) 5,397 (8,041)
Increase (decrease) in pension and postretirement benefit obligations 9,689 (2,465) 8,652
Other operating activities, net (4,533) (7,565) (9,996)
Net cash provided by operating activities 149,299 140,274 141,064
Cash flows from investing activities:      
Capital expenditures (44,935) (41,682) (48,251)
Acquisitions, net of cash acquired (98,235) (6,937) (213,470)
Proceeds from sale of assets 3,764 1,478 1,062
Proceeds from sale of subsidiary 0 0 10,418
Purchases of investments (2,211) 0 0
Restricted cash 0 0 (12,925)
Net cash used in investing activities (141,617) (47,141) (263,166)
Cash flows from financing activities:      
Proceeds from long-term debt 417,043 90,421 279,377
Payments on long-term debt (388,447) (120,380) (100,218)
Payment on contingent consideration 0 0 (484)
Purchases of treasury stock (14,025) (57,998) (14,567)
Proceeds from the exercise of stock options 14 6,406 4,015
Dividends (21,762) (19,413) (17,847)
Transactions with noncontrolling interests 0 (5,566) (904)
Settlement of multi-employer pension plan obligation 0 0 (18,157)
Other financing activities 0 (2,318) 0
Net cash (used in) provided by financing activities (7,177) (108,848) 131,215
Effect of exchange rate changes on cash 1,299 (770) 80
Net change in cash and cash equivalents 1,804 (16,485) 9,193
Cash and cash equivalents at beginning of year 55,711 72,196 63,003
Cash and cash equivalents at end of year 57,515 55,711 72,196
Cash paid during the year for:      
Interest 26,271 24,133 19,663
Income taxes $ 8,472 $ 11,855 $ 11,663