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, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 53,230 $ 25,076
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,986 32,294
Stock-based compensation expense 8,132 9,017
Deferred tax benefit (38,429) (2,063)
Gain on sale of assets (813) (403)
Unrealized gain on investments (199) (1,411)
Changes in working capital items (7,818) (5,095)
Increase in other assets (8,192) (9,105)
Increase (decrease) in other liabilities 3,361 (2,041)
Increase in pension and postretirement benefits 6,267 7,696
Other operating activities, net 3,745 (9,679)
Net cash provided by operating activities 56,270 44,286
Cash flows from investing activities:    
Capital expenditures (21,854) (13,250)
Acquisitions, net of cash acquired (119,689) (92,564)
Proceeds from sale of assets 1,731 960
Purchases of investments (11,746) 0
Net cash used in investing activities (151,558) (104,854)
Cash flows from financing activities:    
Proceeds from long-term debt 627,192 239,427
Payments on long-term debt (495,109) (168,977)
Proceeds from the exercise of stock options 0 14
Purchases of treasury stock (18,305) (9,173)
Dividends (12,110) (10,809)
Net cash provided by financing activities 101,668 50,482
Effect of exchange rate changes on cash 936 (2,022)
Net change in cash and cash equivalents 7,316 (12,108)
Non-cash investing and financing activities:    
Acquisition of long-term asset under financing arrangement $ 14,544 $ 0