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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended 22 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Aug. 31, 2021
Aug. 31, 2023
Operating activities:        
Net income $ 65,993 $ 67,329 $ 70,229  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 8,151 8,294 7,019  
Net gains on sales and disposals of property and equipment (90) (311) (249)  
Deferred income taxes (1,254) 596 (1,334)  
Stock-based compensation 6,434 6,697 9,555  
Unrealized foreign currency exchange (gains) losses, net (1,702) 1,035 (511)  
Provision for credit losses 391 143 210  
Write-off of inventories 713 595 800  
Changes in assets and liabilities:        
Trade and other accounts receivable (5,339) (7,443) (6,595)  
Inventories 19,367 (53,260) (14,574)  
Other assets (1,367) (12,578) (5,343)  
Operating lease assets and liabilities, net 49 (32) 15  
Accounts payable and accrued liabilities (213) 5,208 15,485  
Accrued payroll and related expenses 4,965 (13,133) 10,702  
Other long-term liabilities and income taxes payable 2,293 (536) (695)  
Net cash provided by operating activities 98,391 2,604 84,714  
Investing activities:        
Purchases of property and equipment (6,871) (8,303) (15,059)  
Proceeds from sales of property and equipment 655 612 599  
Net cash used in investing activities (6,216) (7,691) (14,460)  
Financing activities:        
Treasury stock purchases (10,434) (29,156) 0 $ (39,600)
Dividends paid (44,581) (41,988) (38,225)  
Proceeds from issuance of long-term senior notes 0 0 52,000  
Repayments of long-term senior notes (800) (800) (800)  
Net (repayments) proceeds from revolving credit facility (28,372) 38,394 (50,056)  
Shares withheld to cover taxes upon conversion of equity awards (861) (4,461) (3,668)  
Net cash used in financing activities (85,048) (38,011) (40,749)  
Effect of exchange rate changes on cash and cash equivalents 3,173 (5,020) (6)  
Net increase (decrease) in cash and cash equivalents 10,300 (48,118) 29,499  
Cash and cash equivalents at beginning of period 37,843 85,961 56,462  
Cash and cash equivalents at end of period 48,143 37,843 85,961 $ 48,143
Supplemental cash flow information:        
Accrued capital expenditures 80 960 1,123  
Cash paid for:        
Interest 5,522 2,687 2,319  
Income taxes, net of tax refunds received $ 12,811 $ 18,345 $ 19,254