XML 19 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2021
May 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 36,768 $ 23,955
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 14,688 14,146
Gain on sale of assets held-for-sale 0 (1,191)
Provision for uncollectible accounts receivable 304 466
Deferred income taxes 205 27
Share-based compensation expense 5,021 4,118
Unrealized foreign currency transaction (gain) loss (1,934) 3,632
Other, net (2,123) 1,575
Changes in assets and liabilities:    
Receivables (22,934) (11,379)
Inventories (28,612) (23,765)
Other current assets (14,025) (6,681)
Accounts payable 20,828 5,385
Other current liabilities 20,149 14,485
Other noncurrent assets and liabilities 2,325 (8,810)
Net cash provided by operating activities 30,660 15,963
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant, and equipment (22,532) (12,268)
Proceeds from sale of property and equipment held-for-sale 0 3,955
Purchases of marketable securities available-for-sale (13,067) (23,389)
Proceeds from maturities of marketable securities available-for-sale 12,592 4,320
Other investing activities, net (1,960) 1,503
Net cash used in investing activities (24,967) (28,913)
Acquisition of business, net of cash acquired 0 (3,034)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 3,892 1,545
Common stock withheld for payroll tax obligations (1,269) (1,111)
Principal payments on long-term debt (141) (174)
Dividends paid (10,566) (10,177)
Net cash used in financing activities (8,084) (9,917)
Effect of exchange rate changes on cash and cash equivalents 1,789 (1,863)
Net change in cash and cash equivalents (602) (24,730)
Cash and cash equivalents, beginning of period 121,403 127,204
Cash and cash equivalents, end of period 120,801 102,474
SUPPLEMENTAL CASH FLOW INFORMATION:    
Income taxes paid, net of refunds 2,929 2,910
Interest paid 2,402 2,409
NONCASH INVESTING ACTIVITIES:    
Earn-out liability related to business acquisition 0 1,195
Holdback related to business acquisition $ 0 $ 300