XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 34,398 $ 34,297
Adjustments to reconcile net income to net cash provided by operating activities    
Gain on contingent consideration (199) 995
Depreciation 2,654 2,925
Amortization 9,092 9,566
Provision for allowance for doubtful accounts 91 (8)
Stock-based compensation 2,418 2,209
Realized gain on restricted investments (86) (54)
Deferred taxes (187)  
Increase (decrease) from changes in assets and liabilities    
Accounts receivable (5,852) (6,946)
Inventory (17,768) 2,062
Prepaid expenses and other assets (573) (260)
Accounts payable (936) 3,049
Accrued compensation and other expenses (1,765) 49
Accrued income taxes (1,001) (4,884)
Net cash provided by operating activities 20,286 43,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (3,103) (1,749)
Payments for acquisitions   (31,238)
Changes in restricted investments (340) (119)
Net cash used in investing activities (3,443) (33,106)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividend paid (9,460) (7,557)
Proceeds from exercise of common stock options   86
Payments of taxes on stock options and restricted stock   (371)
Net cash used in financing activities (9,460) (7,842)
INCREASE IN CASH & CASH EQUIVALENTS 7,383 2,052
Effect of foreign exchange rates on cash (2,129) 1,827
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 119,429 99,068
CASH AND CASH EQUIVALENTS, END OF PERIOD 124,683 102,947
Non-cash Investing and Financing Activities    
Common stock received for payment of stock option exercises   121
Property, plant and equipment additions included in accounts payable $ 207 $ 141