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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2019
May 31, 2018
Operating Activities:    
Net income $ 52,577 $ 55,354
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 40,365 38,378
Allowance for doubtful accounts 68 25
Asset impairment and closure costs   1,929
(Gain)/loss on sale of property and equipment 735 587
Deferred income taxes (2,737) 6,537
Equity in (gains)/losses of unconsolidated affiliates 48 (3)
Stock-based compensation 12,515 7,469
Change in operating assets and liabilities:    
Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals 1,668 3,173
Merchandise inventories (5,699) (15,254)
Accounts payable 13,412 (7,408)
Net cash provided by (used in) operating activities 112,952 90,787
Investing Activities:    
Business acquisition, net of cash acquired   (23,895)
Additions to property and equipment (86,409) (74,788)
Short-term investments (14,204) (72,953)
Proceeds from settlements of short-term investments 29,485 19,063
Deposits for land purchase option agreements   300
Proceeds from disposal of property and equipment 157 93
Net cash provided by (used in) investing activities (70,971) (152,180)
Financing Activities:    
Proceeds from long-term bank borrowings   28,500
Repayment of long-term bank borrowings (9,509) (28,931)
Proceeds from short-term bank borrowings 5,180 82,092
Repayment of short-term bank borrowings (3,028) (81,758)
Cash dividend payments (10,986) (10,645)
Purchase of treasury stock for tax withholding on stock compensation (3,145) (1,916)
Proceeds from exercise of stock options   269
Other financing activities (59) (22)
Net cash provided by (used in) financing activities (21,547) (12,411)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (3,365) (985)
Net increase (decrease) in cash, cash equivalents 17,069 (74,789)
Cash, cash equivalents, and restricted cash at beginning of period 96,914 165,712
Cash, cash equivalents, and restricted cash at end of period 113,983 90,923
Reconciliation of cash, cash equivalents, and restricted cash:    
Total cash, cash equivalents, and restricted cash shown in the Consolidated statements of cash flows $ 96,914 $ 165,712