XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 28, 2020
Nov. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 38,777 $ 65,452
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 17,105 17,025
Non-cash operating lease cost 4,342 5,544
Stock-based compensation 4,238 4,161
Loss on disposal of property, plant and equipment 296 140
Provision for credit losses 2,503 2,526
Changes in operating assets and liabilities:    
Accounts receivable (3,655) 2,565
Inventories 22,950 20,627
Prepaid expenses and other current assets (2,168) (182)
Operating lease liabilities (4,103) (5,425)
Other assets 324 669
Accounts payable and accrued liabilities 22,621 (27,990)
Total adjustments 64,453 19,660
Net cash provided by operating activities 103,230 85,112
Cash Flows from Investing Activities:    
Expenditures for property, plant and equipment (7,893) (12,689)
Net cash used in investing activities (7,893) (12,689)
Cash Flows from Financing Activities:    
Repurchases of common stock (3,159) (3,009)
Payments of cash dividends (41,815) (41,536)
Proceeds from sale of Class A common stock in connection with associate stock purchase plan 963 1,031
Proceeds from exercise of Class A common stock options 5,600 4,533
Borrowings under credit facilities   69,000
Payments under credit facilities (130,000) (107,000)
Payments on finance lease and financing obligations (516) (180)
Other, net 1,269  
Net cash used in financing activities (167,658) (77,161)
Effect of foreign exchange rate changes on cash and cash equivalents 214 230
Net decrease in cash and cash equivalents (72,107) (4,508)
Cash and cash equivalents—beginning of period 125,211 32,286
Cash and cash equivalents—end of period 53,104 27,778
Supplemental Disclosure of Cash Flow Information:    
Cash paid for income taxes 1,605 1,790
Cash paid for interest 1,908 $ 895
Supplemental Disclosure of non-cash Financing Activities    
Cash dividends declared, but not yet paid $ 195,351