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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2024
Aug. 31, 2023
Aug. 31, 2022
Operating activities:      
Net income $ 69,644 $ 65,993 $ 67,329
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 9,456 8,151 8,294
Net gains on sales and disposals of property and equipment (241) (90) (311)
Deferred income taxes (1,156) (1,254) 596
Stock-based compensation 6,535 6,434 6,697
Amortization of cloud computing implementation costs 1,221 270 295
Unrealized foreign currency exchange losses (gains), net 200 (1,702) 1,035
Provision for credit losses 325 391 143
Write-off of inventories 1,425 713 595
Changes in assets and liabilities:      
Trade and other accounts receivable (15,498) (5,339) (7,443)
Inventories 6,414 19,367 (53,260)
Other assets (1,444) (1,637) (12,873)
Operating lease assets and liabilities, net (35) 49 (32)
Accounts payable and accrued liabilities 4,322 (213) 5,208
Accrued payroll and related expenses 8,879 4,965 (13,133)
Other long-term liabilities and income taxes payable 1,987 2,293 (536)
Net cash provided by operating activities 92,034 98,391 2,604
Investing activities:      
Purchases of property and equipment (4,206) (6,871) (8,303)
Proceeds from sales of property and equipment 672 655 612
Acquisition of business, net of cash acquired (6,201) 0 0
Net cash used in investing activities (9,735) (6,216) (7,691)
Financing activities:      
Treasury stock purchases (8,094) (10,434) (29,156)
Dividends paid (47,201) (44,581) (41,988)
Repayments of long-term senior notes (800) (800) (800)
Net (repayments) proceeds from revolving credit facility (25,402) (28,372) 38,394
Shares withheld to cover taxes upon conversion of equity awards (2,439) (861) (4,461)
Net cash used in financing activities (83,936) (85,048) (38,011)
Effect of exchange rate changes on cash and cash equivalents 193 3,173 (5,020)
Net (decrease) increase in cash and cash equivalents (1,444) 10,300 (48,118)
Cash and cash equivalents at beginning of period 48,143 37,843 85,961
Cash and cash equivalents at end of period 46,699 48,143 37,843
Supplemental cash flow information:      
Accrued capital expenditures 111 80 960
Finance lease obligation settled with prepaid deposit 3,855 0 0
Cash paid for:      
Interest 4,459 5,522 2,687
Income taxes, net of tax refunds received $ 19,843 $ 12,811 $ 18,345