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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2017
May 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 198,707 $ 194,508
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 33,770 28,222
Stock-based compensation expense 20,873 22,433
Loss on sale of business 1,223
Deferred income taxes 8,829 3,015
Loss on disposition of assets 33 2
Tax benefits from share-based payment arrangements (9,798) (13,327)
Changes in assets and liabilities, net of effects of acquisitions    
Accounts receivable, net of reserves (29,310) (11,316)
Accounts payable and accrued expenses 1,548 3,474
Accrued compensation (17,299) (1,809)
Deferred fees 2,638 3,696
Taxes payable, net of prepaid taxes 6,081 20,313
Prepaid expenses and other assets 440 1,250
Deferred rent and other non-current liabilities 2,766 10,812
Other working capital accounts, net (189) (169)
Net cash provided by operating activities 220,312 261,104
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of businesses, net of cash acquired (301,843) (264,087)
Purchases of investments (29,982) (12,934)
Proceeds from sales of investments 23,399 12,423
Purchases of property, equipment and leasehold improvements (25,981) (34,671)
Net cash used in investing activities (334,407) (299,269)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividend payments (59,124) (54,042)
Repurchases of common stock (214,766) (192,823)
Proceeds from debt 575,000 265,000
Repayment of Debt (300,000)
Sale of business (1,223)
Debt issuance costs (437) (12)
Proceeds from employee stock plans 42,159 38,845
Tax benefits from share-based payment arrangements 9,798 13,327
Net cash provided by financing activities 51,407 70,295
Effect of exchange rate changes on cash and cash equivalents (3,961) (3,608)
Net (decrease) increase in cash and cash equivalents (66,649) 28,522
Cash and cash equivalents at beginning of period 228,407 158,914
Cash and cash equivalents at end of period $ 161,758 $ 187,436