XML 16 R6.htm IDEA: XBRL DOCUMENT v3.5.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 31, 2016
May 31, 2015
Operating from continuing and discontinued operations:    
Net income $ 27,157 $ 3,831
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation 37,347 26,481
Amortization 30,163 11,899
Bridge financing fees 0 18,750
Deferred tax provision (benefit) (2,395) (1,143)
Pension, postretirement benefits and other compensation 3,161 8,318
Restricted stock compensation - CEO transition costs, net of cash 0 4,789
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 2,574 (13,610)
Inventories 19,900 (13,309)
Accounts payable (8,145) 9,599
Income taxes (9,955) 2,598
Accrued payroll and other accrued liabilities 2,583 4,776
Other assets and long-term liabilities (6,718) (6,698)
Net cash provided from (used in) operating activities 95,672 56,281
Investing from continuing and discontinued operations:    
Expenditures for property, plant and equipment (34,618) (32,662)
Investment in equity investees 0 (12,456)
Proceeds from the sale of assets 1,184 1,411
Restricted cash (2,407) (3,509)
Business acquisitions, net of cash 0 (6,698)
Net cash provided from (used in) investing activities (35,841) (53,914)
Financing from continuing and discontinued operations:    
Cash dividends paid to special stockholders (5,625) 0
Cash dividends paid to common stockholders (18,012) (18,058)
Increase (decrease) in short-term debt 2,780 (12,995)
Borrowings on long-term debt 124,671 255,196
Repayments on long-term debt including current portion (210,448) (353,647)
Noncontrolling interests' contributions (distributions) 0 (1,750)
Issuances of convertible special stock, net 0 120,296
Issuances of stock, common and treasury 213 231
Redemptions of common stock 1,077 4,999
Purchases of treasury stock 0 3,335
Net cash provided from (used in) financing activities (107,498) (19,061)
Effect of exchange rate changes on cash (2,186) (11,756)
Net increase (decrease) in cash and cash equivalents (49,853) (28,450)
Cash and cash equivalents at beginning of period 96,872 135,493
Cash and cash equivalents at end of period 47,019 107,043
Senior notes funding held in restricted cash 0 375,000
Unpaid Debt Issuance Costs $ 0 $ 11,116