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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Aug. 31, 2025 | Aug. 31, 2024 | Aug. 31, 2023
Operating activities: |  |  |
Net income | $ 90,994 | $ 69,644 | $ 65,993
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Depreciation and amortization | 8,191 | 9,456 | 8,151
Amortization of cloud computing implementation costs | 1,688 | 1,221 | 270
Deferred income taxes | (455) | (1,156) | (1,254)
Tax benefit from release of uncertain tax position | (11,929) | 0 | 0
Stock-based compensation | 7,306 | 6,535 | 6,434
Unrealized foreign currency exchange losses (gains), net | 355 | 200 | (1,702)
Provision for credit losses | 929 | 325 | 391
Write-off of inventories | 1,109 | 1,425 | 713
Other | 244 | (241) | (90)
Changes in assets and liabilities: |  |  |
Trade and other accounts receivable | 319 | (15,498) | (5,339)
Inventories | (5,212) | 6,414 | 19,367
Other assets | (10,513) | (1,444) | (1,637)
Operating lease assets and liabilities, net | 33 | (35) | 49
Accounts payable and accrued liabilities | 2,920 | 4,322 | (213)
Accrued payroll and related expenses | 1,881 | 8,879 | 4,965
Other long-term liabilities and income taxes payable | 65 | 1,987 | 2,293
Net cash provided by operating activities | 87,925 | 92,034 | 98,391
Investing activities: |  |  |
Purchases of property and equipment | (4,528) | (4,206) | (6,871)
Proceeds from sales of property and equipment | 409 | 672 | 655
Proceeds from sale of business | 1,731 | 0 | 0
Acquisition of business, net of cash acquired | 0 | (6,201) | 0
Net cash used in investing activities | (2,388) | (9,735) | (6,216)
Financing activities: |  |  |
Treasury stock purchases | (12,314) | (8,094) | (10,434)
Dividends paid | (50,260) | (47,201) | (44,581)
Repayments of long-term senior notes | (800) | (800) | (800)
Net repayments from revolving credit facility | (7,859) | (25,402) | (28,372)
Shares withheld to cover taxes upon conversion of equity awards | (2,883) | (2,439) | (861)
Net cash used in financing activities | (74,116) | (83,936) | (85,048)
Effect of exchange rate changes on cash and cash equivalents | 10 | 193 | 3,173
Net increase (decrease) in cash and cash equivalents | 11,431 | (1,444) | 10,300
Cash and cash equivalents at beginning of period | 46,699 | 48,143 | 37,843
Cash and cash equivalents at end of period | 58,130 | 46,699 | 48,143
Supplemental cash flow information: |  |  |
Accrued capital expenditures | 292 | 111 | 80
Finance lease obligation settled with prepaid deposit | 0 | 3,855 | 0
Cash paid for: |  |  |
Interest | 3,522 | 4,459 | 5,522
Income taxes, net of tax refunds received | $ 26,437 | $ 19,843 | $ 12,811

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