v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Operating Activities    
Net earnings (loss) $ 4,283 $ (14,699)
Earnings (Loss) from Discontinued Operations (6,007) 958
Earnings (Loss) from Continuing Operations 10,290 (15,657)
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Impairment & divestiture charges, net of tax (1,629) 27,019
Depreciation and amortization 10,056 9,361
Stock-based compensation expense 5,945 5,265
Benefit for deferred income taxes (1,094) (4,249)
Amortization of debt issuance costs 1,132 602
Other non-cash adjustments 409 55
Changes in components of working capital and other, excluding acquisitions and divestitures:    
Accounts receivable 13,956 (10,591)
Inventories (1,898) (10,057)
Trade accounts payable (14,364) (918)
Prepaid expenses and other assets (3,103) (10,105)
Income tax accounts (9,927) 858
Accrued compensation and benefits (8,012) (18,657)
Other accrued liabilities (10,065) 2,029
Cash used in operating activities, Continuing Operations (8,304) (25,045)
Cash Used in Operating Activities, Discontinued Operations (20,437) (26,269)
Cash Used in Operating Activities (28,741) (51,314)
Investing Activities    
Capital expenditures (6,967) (8,686)
Proceeds from sale of property, plant and equipment 450 51
Lease buyout for divested business (575) 0
Proceeds from sale of business, net of transaction costs 8,726 0
Payments to Acquire Businesses, Net of Cash Acquired (33,444) 0
Cash provided by (used in) investing activities, Continuing Operations (31,810) (8,635)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 208,391 29,179
Cash Provided by (Used in) Investing Activities 176,581 20,544
Financing Activities    
Principal repayments on term loan (175,000) (47,500)
Borrowings on Revolving Credit 100,000 0
Principal Repayment on Revolving Credit Facility (100,000) 0
Stock Repurchases (17,805) 0
Taxes paid related to the net share settlement of equity awards (4,063) (1,489)
Stock option exercises and other 2,888 1,031
Cash dividend (2,419) (2,439)
Net Cash Used in Financing Activities, Continuing Operations (196,399) (50,397)
Cash Provided by (Used in) Financing Activities, Discontinued Operations 0 0
Cash used in financing activities (196,399) (50,397)
Effect of exchange rate changes on cash 845 1,065
Net decrease in cash and cash equivalents (47,714) (80,102)
Cash and cash equivalents - beginning of period 211,151 250,490
Cash and cash equivalents - end of period $ 163,437 $ 170,388

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