XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2021
May 31, 2020
Operating activities:    
Net income $ 61,820 $ 41,045
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,266 5,980
Net gains on sales and disposals of property and equipment (185) (115)
Deferred income taxes (512) (221)
Stock-based compensation 7,885 4,609
Unrealized foreign currency exchange (gains) losses (529) 30
Provision for bad debts 253 98
Changes in assets and liabilities:    
Trade and other accounts receivable (20,053) (3,006)
Inventories (5,101) (2,433)
Other assets (1,777) 1,443
Operating lease assets and liabilities, net 11 224
Accounts payable and accrued liabilities 11,000 (2,367)
Accrued payroll and related expenses 6,202 (5,758)
Other long-term liabilities and income taxes payable (305) 1,227
Net cash provided by operating activities 63,975 40,756
Investing activities:    
Purchases of property and equipment (10,789) (17,411)
Proceeds from sales of property and equipment 418 321
Net cash used in investing activities (10,371) (17,090)
Financing activities:    
Treasury stock purchases   (16,825)
Dividends paid (28,321) (26,840)
Proceeds from issuance of long-term senior notes 52,000  
Repayments of long-term senior notes (800) (800)
Net (repayments) proceeds of revolving credit facility (50,000) 84,595
Shares withheld to cover taxes upon conversions of equity awards (3,494) (2,640)
Net cash used in financing activities (30,615) 37,490
Effect of exchange rate changes on cash and cash equivalents 911 166
Net increase in cash and cash equivalents 23,900 61,322
Cash and cash equivalents at beginning of period 56,462 27,233
Cash and cash equivalents at end of period 80,362 88,555
Supplemental disclosure of noncash investing activities:    
Accrued capital expenditures $ 1,700 $ 454