XML 20 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Operating activities:    
Net income $ 40,814 $ 26,521
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,458 4,024
Net gains on sales and disposals of property and equipment (104) (66)
Deferred income taxes 152 (79)
Stock-based compensation 4,542 3,889
Unrealized foreign currency exchange losses (gains) 139 (249)
Provision for bad debts 175 61
Changes in assets and liabilities:    
Trade accounts receivable (10,111) (1,313)
Inventories (2,104) (1,648)
Other assets (4,386) (1,781)
Operating lease assets and liabilities, net 9 211
Accounts payable and accrued liabilities 7,398 1,969
Accrued payroll and related expenses 1,584 (7,345)
Other long-term liabilities and income taxes payable 944 (812)
Net cash provided by operating activities 42,510 23,382
Investing activities:    
Purchases of property and equipment (7,605) (10,695)
Proceeds from sales of property and equipment 239 212
Net cash used in investing activities (7,366) (10,483)
Financing activities:    
Treasury stock purchases   (9,658)
Dividends paid (18,416) (17,642)
Proceeds from issuance of long-term senior notes 52,000  
Repayments of long-term senior notes (400) (400)
Net (repayments) proceeds of revolving credit facility (50,000) 20,524
Shares withheld to cover taxes upon conversions of equity awards (3,495) (2,640)
Net cash used in financing activities (20,311) (9,816)
Effect of exchange rate changes on cash and cash equivalents 1,086 187
Net increase in cash and cash equivalents 15,919 3,270
Cash and cash equivalents at beginning of period 56,462 27,233
Cash and cash equivalents at end of period 72,381 30,503
Supplemental disclosure of noncash investing activities:    
Accrued capital expenditures $ 1,638 $ 5,724