XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2018
Nov. 30, 2017
Cash flows from operating activities:    
Net income $ 16,618 $ 19,221
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 13,297 12,522
Other asset impairment charges (recoveries), net 63 (88)
Exit-related asset impairments 23 0
Inventory write-down 0 38
Share-based compensation expense 7,404 5,004
Deferred income taxes (697) 761
Undistributed equity in earnings of joint ventures (485) (450)
Loss on disposal of assets, net 255 51
Unrealized foreign exchange (gain) loss, net 0 (407)
Bad debt recoveries, net (1) (14)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (28,046) (8,640)
Inventories 9,626 (47,267)
Income taxes 4,722 3,842
Prepaid expenses and other current assets (732) 70
Other long-term assets 456 (112)
Accounts payable (6,881) 8,548
Accrued payroll and related liabilities (27,046) (17,894)
Other accrued liabilities (224) 3,504
Environmental liabilities (168) 4,034
Other long-term liabilities 43 1,487
Distributed equity in earnings of joint ventures 167 200
Net cash used in operating activities (11,606) (15,590)
Cash flows from investing activities:    
Capital expenditures (27,209) (15,157)
Joint venture receipts, net 641 11
Proceeds from sale of assets 1,279 1,534
Net cash used in investing activities (25,289) (13,612)
Cash flows from financing activities:    
Borrowings from long-term debt 158,859 189,500
Repayment of long-term debt (97,699) (149,713)
Payment of debt issuance costs (95) 0
Repurchase of Class A common stock (4,095) 0
Taxes paid related to net share settlement of share-based payment awards (7,322) (2,851)
Distributions to noncontrolling interests (393) (331)
Dividends paid (5,554) (5,478)
Net cash provided by financing activities 43,701 31,127
Effect of exchange rate changes on cash (313) (18)
Net increase in cash and cash equivalents 6,493 1,907
Cash and cash equivalents as of beginning of period 4,723 7,287
Cash and cash equivalents as of end of period $ 11,216 $ 9,194