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, 2017
Dec. 31, 2016
Cash flows from operating activities:    
Net income $ 35,158 $ 10,208
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,238 15,159
Stock-based compensation expense 5,474 6,097
Deferred tax benefit (38,052) (1,861)
(Gain) loss on sale of assets (576) 55
Unrealized gain on investments (489) (809)
Changes in working capital items (9,999) (12,808)
Increase in other assets (5,336) (1,177)
Decrease in other liabilities (1,931) (928)
Increase in pension and postretirement benefits 2,833 3,318
Other operating activities, net 3,317 (1,208)
Net cash provided by operating activities 7,637 16,046
Cash flows from investing activities:    
Capital expenditures (11,647) (5,069)
Acquisitions, net of cash acquired (85,964) (10,733)
Proceeds from sale of assets 1,163 7
Purchases of investments (11,730) 0
Net cash used in investing activities (108,178) (15,795)
Cash flows from financing activities:    
Proceeds from long-term debt 509,622 133,454
Payments on long-term debt (396,321) (67,533)
Proceeds from the exercise of stock options 0 14
Purchases of treasury stock (4,415) (6,499)
Dividends (6,071) (5,389)
Net cash provided by financing activities 102,815 54,047
Effect of exchange rate changes on cash 353 (3,602)
Net change in cash and cash equivalents 2,627 50,696
Non-cash investing and financing activities:    
Acquisition of long-term asset under financing arrangement $ 14,544 $ 0