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, 2016
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:      
Net income $ 66,161 $ 63,288 $ 43,271
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 65,480 62,620 42,864
Stock-based compensation expense 10,612 9,097 6,812
Change in deferred taxes (3,971) 9,188 5,222
Gain on sale of assets (73) (276) (228)
Unrealized (gain) loss on investments (1,426) 377 (1,064)
Trade name write-offs 0 4,842 0
Changes in working capital items 13,715 (2,751) (6,165)
(Increase) decrease in other assets (5,591) 4,064 944
Increase (decrease) in other liabilities 5,397 (8,041) (3,568)
(Decrease) increase in pension and postretirement benefit obligations (2,465) 8,652 3,755
Other, net (7,565) (9,996) (1,164)
Net cash provided by operating activities 140,274 141,064 90,679
Cash flows from investing activities:      
Capital expenditures (41,682) (48,251) (29,237)
Acquisitions, net of cash acquired (6,937) (213,470) (382,104)
Proceeds from sale of assets 1,478 1,062 262
Proceeds from sale of subsidiary 0 10,418 0
Restricted cash 0 (12,925) 0
Net cash used in investing activities (47,141) (263,166) (411,079)
Cash flows from financing activities:      
Proceeds from long-term debt 90,421 279,377 415,709
Payments on long-term debt (120,380) (100,218) (58,431)
Payment on contingent consideration 0 (484) (3,703)
Purchases of treasury stock (57,998) (14,567) (9,905)
Proceeds from the exercise of stock options 6,406 4,015 7,951
Dividends (19,413) (17,847) (13,396)
Transactions with noncontrolling interests (5,566) (904) (165)
Settlement of multi-employer pension plan obligation 0 (18,157) 0
Other financing activities (2,318) 0 0
Net cash (used in) provided by financing activities (108,848) 131,215 338,060
Effect of exchange rate changes on cash (770) 80 (2,735)
Net change in cash and cash equivalents (16,485) 9,193 14,925
Cash and cash equivalents at beginning of year 72,196 63,003 48,078
Cash and cash equivalents at end of year 55,711 72,196 63,003
Cash paid during the year for:      
Interest 24,133 19,663 12,570
Income taxes 11,855 11,663 16,177
Non-cash investing and financing activities:      
Acquisition of equipment under capital lease $ 0 $ 0 $ 949