XML 27 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Operating activities:      
Net income $ 60,710 $ 55,908 $ 65,215
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,701 7,593 7,800
Net gains on sales and disposals of property and equipment (124) (99) (164)
Deferred income taxes (509) (4) (7,186)
Stock-based compensation 5,358 4,446 4,195
Unrealized foreign currency exchange losses (gains), net 265 651 (302)
Provision for bad debts 134 67 121
Changes in assets and liabilities:      
Trade accounts receivable (4,499) (7,318) (5,635)
Inventories 555 (4,800) (1,299)
Other assets 232 5,802 (5,353)
Operating lease assets and liabilities, net 233    
Accounts payable and accrued liabilities 2,725 (7,948) 6,107
Accrued payroll and related expenses (1,042) 879 590
Other long-term liabilities and income taxes payable 925 7,674 733
Net cash provided by operating activities 72,664 62,851 64,822
Investing activities:      
Purchases of property and equipment (19,307) (13,282) (12,356)
Proceeds from sales of property and equipment 362 383 458
Purchases of intangible assets     (175)
Purchases of short-term investments     (83,704)
Maturities of short-term investments   219 166,984
Net cash provided by (used in) investing activities (18,945) (12,680) 71,207
Financing activities:      
Treasury stock purchases (16,825) (29,625) (22,616)
Dividends paid (36,039) (32,889) (29,585)
Proceeds from issuance of common stock     215
Proceeds from issuance of long-term senior notes     20,000
Repayments of long-term senior notes (800) (800) (400)
Net proceeds (repayments) from revolving credit facility 29,595 (2,912) (87,200)
Shares withheld to cover taxes upon conversions of equity awards (2,640) (2,783) (1,823)
Net cash used in financing activities (26,709) (69,009) (121,409)
Effect of exchange rate changes on cash and cash equivalents 2,219 (2,795) (2,836)
Net increase (decrease) in cash and cash equivalents 29,229 (21,633) 11,784
Cash and cash equivalents at beginning of period 27,233 48,866 37,082
Cash and cash equivalents at end of period 56,462 27,233 48,866
Cash paid for:      
Interest 2,259 2,199 4,286
Income taxes, net of tax refunds received $ 12,569 $ 16,879 $ 10,478