Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Net income $ 6,780 $ 22,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash operating lease expense 3,841 3,526
Foreign currency adjustments (890) (1,421)
Depreciation 31,345 29,541
Deferred income taxes 2,693 4,140
Amortization of deferred financing costs 1,336 1,414
Amortization of intangible assets 11,482 14,336
Stock-based compensation expense 1,917 3,138
Change in fair value of warrant liabilities (130) (6,639)
Net gain on the sale of property, plant and equipment (1,412) (1,472)
Other operating activities 72 (93)
Net changes in operating assets and liabilities:    
Receivables 7,227 (3,199)
Inventory 301 (970)
Other operating assets (551) (875)
Accounts payable (1,668) (2,050)
Other operating liabilities 2,131 4,457
Net cash provided by operating activities 64,474 66,232
Cash flows from investing activities:    
Purchases of property, plant and equipment (37,484) (43,166)
Proceeds from sale of property, plant and equipment 7,472 8,043
Purchases of intangible assets 0 (800)
Net cash used in investing activities (30,012) (35,923)
Cash flows from financing activities:    
Proceeds on revolving loan 230,398 239,911
Payments on revolving loan (249,352) (256,345)
Payment of debt issuance costs 0 (550)
Purchase of treasury stock (7,161) (9,679)
Other financing activities 1,343 (81)
Net cash used in financing activities (24,772) (26,744)
Effect of foreign currency exchange rate changes on cash 782 485
Net increase in cash and cash equivalents 10,472 4,050
Cash and cash equivalents:    
Beginning of period 15,861 7,482
End of period $ 26,333 $ 11,532