XML 22 R9.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 72,379 $ 65,469 $ 42,572
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 19,282 20,178 19,177
Provision for uncollectible accounts receivable 881 903 771
Deferred income taxes 0 (2,063) 1,911
Share-based compensation expense 6,529 5,458 6,186
Foreign currency transaction loss (gain) 1,126 2,274 (1,934)
Other, net 1,569 695 (828)
Changes in assets and liabilities:      
Receivables (4,926) (47,514) (11,535)
Inventories 40,954 (53,803) (38,158)
Other current assets 4,693 1,220 (8,132)
Accounts payable (15,274) 13,832 17,993
Other current liabilities (9,135) 186 18,433
Other noncurrent assets and liabilities 1,629 (3,787) (2,488)
Net cash provided by operating activities 119,707 3,048 43,968
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (18,775) (15,595) (26,511)
Purchases of marketable securities available-for-sale (4,932) (18,468) (19,356)
Proceeds from maturities of marketable securities available-for-sale 10,982 25,968 18,825
Acquisition of business, net of cash acquired (30,842) 0 0
Other investing activities, net (3,850) (855) (577)
Net cash used in investing activities (47,417) (8,950) (27,619)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 32 2,894 3,965
Common stock withheld for payroll tax obligations (2,471) (1,181) (1,269)
Proceeds from employee stock purchase plan 444 412 0
Principal payments on long-term debt (222) (218) (195)
Dividends paid (15,082) (14,599) (14,166)
Net cash used in financing activities (17,299) (12,692) (11,665)
Effect of exchange rate changes on cash and cash equivalents 716 (3,465) 1,020
Net change in cash and cash equivalents 55,707 (22,059) 5,704
Cash and cash equivalents, beginning of period 105,048 127,107 121,403
Cash and cash equivalents, end of period 160,755 105,048 127,107
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 20,305 15,738 6,805
Interest paid 3,907 3,811 4,640
NONCASH INVESTING ACTIVITIES      
Issuance of notes receivable from sale of business $ 0 $ 0 $ 2,051