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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 65,469 $ 42,572 $ 38,629
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 20,178 19,177 19,396
Provision for uncollectible accounts receivable 903 771 589
Deferred income taxes (2,063) 1,911 1,384
Share-based compensation expense 5,458 6,186 5,616
Foreign currency transaction loss (gain) 2,274 (1,934) 1,102
Other, net 695 (828) 288
Changes in assets and liabilities:      
Receivables (47,514) (11,535) (9,523)
Inventories (53,803) (38,158) (14,039)
Other current assets 1,220 (8,132) (6,612)
Accounts payable 13,832 17,993 (691)
Other current liabilities 186 18,433 16,673
Other noncurrent assets and liabilities (3,787) (2,488) (6,778)
Net cash provided by operating activities 3,048 43,968 46,034
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (15,595) (26,511) (21,445)
Proceeds from sale of assets held-for-sale 0 0 3,955
Purchases of marketable securities available-for-sale (18,468) (19,356) (28,041)
Proceeds from maturities of marketable securities available-for-sale 25,968 18,825 8,548
Acquisition of business, net of cash acquired 0 0 (3,034)
Other investing activities, net (855) (577) 1,503
Net cash used in investing activities (8,950) (27,619) (38,514)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 2,894 3,965 1,545
Common stock withheld for payroll tax obligations (1,181) (1,269) (1,111)
Proceeds from employee stock purchase plan 412 0 0
Principal payments on long-term debt (218) (195) (227)
Dividends paid (14,599) (14,166) (13,645)
Net cash used in financing activities (12,692) (11,665) (13,438)
Effect of exchange rate changes on cash and cash equivalents (3,465) 1,020 117
Net change in cash and cash equivalents (22,059) 5,704 (5,801)
Cash and cash equivalents, beginning of period 127,107 121,403 127,204
Cash and cash equivalents, end of period 105,048 127,107 121,403
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 15,738 6,805 7,314
Interest paid 3,811 4,640 4,673
NONCASH INVESTING ACTIVITIES      
Issuance of notes receivable from sale of business 0 2,051 0
Earn-out liability related to business acquisition 0 0 1,195
Holdback related to business acquisition $ 0 $ 0 $ 300