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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2019
Nov. 30, 2018
Operating activities:    
Net income $ 12,194 $ 13,279
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,957 1,925
Net gains on sales and disposals of property and equipment (64) (3)
Deferred income taxes 57 569
Stock-based compensation 2,214 1,965
Unrealized foreign currency exchange gains 394 210
Provision for bad debts 6 10
Changes in assets and liabilities:    
Trade accounts receivable 3,630 (2,302)
Inventories (2,358) (2,851)
Other assets 462 8,037
Operating lease assets and liabilities, net 195  
Accounts payable and accrued liabilities (332) (8,089)
Accrued payroll and related expenses (2,234) (3,310)
Other long-term liabilities and income taxes payable (915) (431)
Net cash provided by operating activities 15,206 9,009
Investing activities:    
Purchases of property and equipment (5,965) (1,292)
Proceeds from sales of property and equipment 195 58
Net cash used in investing activities (5,770) (1,234)
Financing activities:    
Treasury stock purchases (4,957) (6,863)
Dividends paid (8,406) (7,522)
Repayments of long-term senior notes (400) (400)
Net proceeds (repayments) of revolving credit facility 7,883 (6,938)
Shares withheld to cover taxes upon conversions of equity awards (2,640) (2,425)
Net cash used in financing activities (8,520) (24,148)
Effect of exchange rate changes on cash and cash equivalents 531 (919)
Net increase (decrease) in cash and cash equivalents 1,447 (17,292)
Cash and cash equivalents at beginning of period 27,233 48,866
Cash and cash equivalents at end of period $ 28,680 $ 31,574