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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2020
Operating activities:      
Net income $ 67,329 $ 70,229 $ 60,710
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 8,294 7,019 7,701
Net gains on sales and disposals of property and equipment (311) (249) (124)
Deferred income taxes 596 (1,334) (509)
Stock-based compensation 6,697 9,555 5,358
Unrealized foreign currency exchange losses (gains), net 1,035 (511) 265
Provision for bad debts 143 210 134
Changes in assets and liabilities:      
Trade and other accounts receivable (7,443) (6,595) (4,499)
Inventories (52,665) (13,774) 555
Other assets (12,578) (5,343) 232
Operating lease assets and liabilities, net (32) 15 233
Accounts payable and accrued liabilities 5,208 15,485 2,725
Accrued payroll and related expenses (13,133) 10,702 (1,042)
Other long-term liabilities and income taxes payable (536) (695) 925
Net cash provided by operating activities 2,604 84,714 72,664
Investing activities:      
Purchases of property and equipment (8,303) (15,059) (19,307)
Proceeds from sales of property and equipment 612 599 362
Net cash used in investing activities (7,691) (14,460) (18,945)
Financing activities:      
Treasury stock purchases (29,156)   (16,825)
Dividends paid (41,988) (38,225) (36,039)
Proceeds from issuance of long-term senior notes   52,000  
Repayments of long-term senior notes (800) (800) (800)
Net proceeds (repayments) of revolving credit facility 38,394 (50,056) 29,595
Shares withheld to cover taxes upon conversions of equity awards (4,461) (3,668) (2,640)
Net cash used in financing activities (38,011) (40,749) (26,709)
Effect of exchange rate changes on cash and cash equivalents (5,020) (6) 2,219
Net (decrease) increase in cash and cash equivalents (48,118) 29,499 29,229
Cash and cash equivalents at beginning of period 85,961 56,462 27,233
Cash and cash equivalents at end of period 37,843 85,961 56,462
Supplemental disclosure of noncash investing activities:      
Accrued capital expenditures 960 1,123 1,764
Cash paid for:      
Interest 2,687 2,319 2,259
Income taxes, net of tax refunds received $ 18,345 $ 19,254 $ 12,569