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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Feb. 29, 2024
Nov. 30, 2023
Feb. 28, 2023
Nov. 30, 2022
Feb. 29, 2024
Feb. 28, 2023
Aug. 31, 2023
Operating activities:              
Net income $ 15,536 $ 17,482 $ 16,526 $ 13,997 $ 33,018 $ 30,523  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 2,422   1,968   4,683 3,864  
Net (gains) losses on sales and disposals of property and equipment         (108) 83  
Deferred income taxes         711 (224)  
Stock-based compensation         4,137 4,980  
Amortization of implementation costs associated with cloud computing arrangements         313 150  
Unrealized foreign currency exchange losses (gains)         245 (1,820)  
Provision for credit losses         122 53  
Write-off of inventories         1,088 568  
Changes in assets and liabilities:              
Trade and other accounts receivable         (7,071) (9,689)  
Inventories         7,267 (4,159)  
Other assets         (2,256) (930)  
Operating lease assets and liabilities, net         (16) 60  
Accounts payable and accrued liabilities         3,612 (3,059)  
Accrued payroll and related expenses         (1,872) 260  
Other long-term liabilities and income taxes payable         1,019 287  
Net cash provided by operating activities         44,892 20,947  
Investing activities:              
Purchases of property and equipment         (2,092) (3,571)  
Proceeds from sales of property and equipment         349 290  
Net cash used in investing activities         (1,743) (3,281)  
Financing activities:              
Treasury stock purchases         (5,319) (5,641)  
Dividends paid         (23,273) (21,958)  
Repayments of long-term senior notes         (400) (400)  
Net (repayments) proceeds from revolving credit facility         (4,177) 8,305  
Shares withheld to cover taxes upon conversions of equity awards         (2,420) (600)  
Net cash used in financing activities         (35,589) (20,294)  
Effect of exchange rate changes on cash and cash equivalents         (260) 2,777  
Net increase in cash and cash equivalents         7,300 149  
Cash and cash equivalents at beginning of period   $ 48,143   $ 37,843 48,143 37,843 $ 37,843
Cash and cash equivalents at end of period $ 55,443   $ 37,992   55,443 37,992 $ 48,143
Supplemental disclosure of noncash investing activities:              
Accrued capital expenditures         125 137  
Finance lease obligation settled with prepaid deposit         $ 3,855 $ 0