|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net income (loss) |
$ 12,593 |
$ (22,589) |
| Adjustments to reconcile net income to net cash used in operating activities: |
|
|
| Depreciation and amortization |
34,453 |
33,232 |
| Stock-based compensation |
5,372 |
4,996 |
| Asset impairment charges - restructuring |
0 |
169 |
| Provision for losses on accounts receivable |
242 |
132 |
| Amortization of debt discounts and issuance costs |
3,265 |
3,188 |
| Loss from debt extinguishment, net |
0 |
38,890 |
| Deferred income taxes |
1,282 |
(57) |
| (Gain) loss on sale/disposal of assets and investments |
(315) |
180 |
| Change in assets and liabilities, net of assets and liabilities acquired: |
|
|
| Increase in accounts receivable and contract costs and recognized income not yet billed |
(23,424) |
(46,834) |
| Increase in inventories |
(39,252) |
(23,858) |
| Decrease in prepaid and other assets |
754 |
3,482 |
| Decrease in accounts payable, accrued liabilities and income taxes payable |
(40,244) |
(18,713) |
| Other changes, net |
2,223 |
1,206 |
| Net cash used in operating activities |
(43,051) |
(26,576) |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Acquisition of property, plant and equipment |
(39,713) |
(34,845) |
| Acquired businesses, net of cash acquired |
0 |
(22,781) |
| Proceeds from sale of assets |
177 |
294 |
| Proceeds from sale of investments |
(8,891) |
0 |
| Net cash used in investing activities |
(30,645) |
(57,332) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Proceeds from issuance of common stock |
285 |
584 |
| Dividends paid |
(3,911) |
(3,290) |
| Purchase of shares for treasury |
(37,577) |
(63,370) |
| Proceeds from long-term debt |
99,556 |
644,514 |
| Payments of long-term debt |
(29,425) |
(586,310) |
| Change in short-term borrowings |
(572) |
4,908 |
| Financing costs |
(590) |
(10,687) |
| Purchase of ESOP shares |
0 |
(10,000) |
| Tax benefit from exercise/vesting of equity awards, net |
345 |
273 |
| Other, net |
95 |
144 |
| Net cash provided by (used in) financing activities |
28,206 |
(23,234) |
| CASH FLOWS FROM DISCONTINUED OPERATIONS: |
|
|
| Net cash used in operating activities |
(545) |
(640) |
| Net cash used in discontinued operations |
(545) |
(640) |
| Effect of exchange rate changes on cash and equivalents |
(3,768) |
(415) |
| NET DECREASE IN CASH AND EQUIVALENTS |
(49,803) |
(108,197) |
| CASH AND EQUIVALENTS AT BEGINNING OF PERIOD |
92,405 |
178,130 |
| CASH AND EQUIVALENTS AT END OF PERIOD |
$ 42,602 |
$ 69,933 |