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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Nov. 30, 2021
Nov. 30, 2021
Nov. 30, 2020
Aug. 31, 2021
Operating activities:        
Net income   $ 18,555 $ 23,623  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization   1,987 1,700  
Net losses (gains) on sales and disposals of property and equipment   9 (55)  
Deferred income taxes   738 236  
Stock-based compensation   2,891 2,665  
Unrealized foreign currency exchange losses   541 52  
Provision for bad debts   30 124  
Changes in assets and liabilities:        
Trade and other accounts receivable   (7,980) (9,936)  
Inventories   (13,054) (345)  
Other assets   (1,793) (1,304)  
Operating lease assets and liabilities, net   2 6  
Accounts payable and accrued liabilities   4,126 4,590  
Accrued payroll and related expenses   (7,324) 624  
Other long-term liabilities and income taxes payable   325 1,941  
Net cash (used in) provided by operating activities   (947) 23,921  
Investing activities:        
Purchases of property and equipment   (2,434) (3,812)  
Proceeds from sales of property and equipment   72 142  
Net cash used in investing activities   (2,362) (3,670)  
Financing activities:        
Treasury stock purchases $ (7,400) (7,386)    
Dividends paid   (9,905) (9,199)  
Proceeds from issuance of long-term senior notes     52,000  
Repayments of long-term senior notes   (400) (400)  
Net repayments of revolving credit facility     (50,000)  
Shares withheld to cover taxes upon conversions of equity awards   (4,246) (3,490)  
Net cash used in financing activities   (21,937) (11,089)  
Effect of exchange rate changes on cash and cash equivalents   (1,196) 220  
Net (decrease) increase in cash and cash equivalents   (26,442) 9,382  
Cash and cash equivalents at beginning of period   85,961 56,462 $ 56,462
Cash and cash equivalents at end of period $ 59,519 59,519 65,844 $ 85,961
Supplemental disclosure of noncash investing activities:        
Accrued capital expenditures   $ 294 $ 1,274