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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 42,572 $ 38,629 $ 2,172
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 19,177 19,396 14,018
(Gain) loss on sale of business (1,087) 0 301
Provision (benefit) for uncollectible accounts receivable 771 589 (496)
Deferred income taxes 1,911 1,384 (5,686)
Share-based compensation expense 6,186 5,616 4,195
Valuation adjustment for indirect tax credits 0 0 2,795
Foreign currency transaction (gain) loss (1,934) 1,102 709
Other, net 259 288 272
Changes in assets and liabilities:      
Receivables (11,535) (9,523) (7,969)
Inventories (38,158) (14,039) (16,187)
Other current assets (8,132) (6,612) 173
Accounts payable 17,993 (691) 2,119
Other current liabilities 18,433 16,673 2,629
Other noncurrent assets and liabilities (2,488) (6,778) 4,752
Net cash provided by operating activities 43,968 46,034 3,797
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (26,511) (21,445) (23,211)
Proceeds from sale of assets held-for-sale 0 3,955 0
Purchases of marketable securities available-for-sale (19,356) (28,041) 0
Proceeds from maturities of marketable securities available-for-sale 18,825 8,548 0
Acquisition of business, net of cash acquired 0 (3,034) 0
Other investing activities, net (577) 1,503 1,992
Net cash used in investing activities (27,619) (38,514) (21,219)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 3,965 1,545 177
Common stock withheld for payroll tax obligations (1,269) (1,111) (1,124)
Principal payments on long-term debt (195) (227) (205)
Payment of debt issuance costs 0 0 (115)
Dividends paid (14,166) (13,645) (13,375)
Net cash used in financing activities (11,665) (13,438) (14,642)
Effect of exchange rate changes on cash and cash equivalents 1,020 117 (1,519)
Net change in cash and cash equivalents 5,704 (5,801) (33,583)
Cash and cash equivalents, beginning of period 121,403 127,204 160,787
Cash and cash equivalents, end of period 127,107 121,403 127,204
SUPPLEMENTAL CASH FLOW INFORMATION      
Income taxes paid 6,805 7,314 7,887
Interest paid 4,640 4,673 4,671
NONCASH INVESTING ACTIVITIES      
Issuance of notes receivable from sale of business 2,051 0 5,589
Earn-out liability related to business acquisition 0 1,195 0
Holdback related to business acquisition $ 0 $ 300 $ 0