v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Operating Activities      
Net earnings (loss) $ 723 $ (249,145) $ (21,648)
Net (Loss) Earnings from Discontinued Operations (4,834) (257,212) (26,394)
Net Earnings (Loss) from Continuing Operations 5,557 8,067 4,746
Non-cash items:      
Impairment and divestiture charges, net of tax effect (2,506) 20,930 12,385
Depreciation and amortization 20,720 20,217 20,405
Stock-based compensation expense 9,624 10,882 11,333
(Benefit) provision for deferred income taxes (7,819) 3,955 5,588
Amortization of debt discount and debt issuance costs 2,549 1,200 2,399
Other non-cash adjustments (1,204) (405) (285)
Changes in components of working capital and other:      
Accounts receivable (44,749) 4,993 7,462
Inventories 8,960 (7,760) (1,142)
Trade accounts payable 32,081 (6,858) 1,872
Prepaid expenses and other assets (7,828) (5,269) 3,868
Income taxes payable 7,306 913 (17,354)
Accrued compensation and benefits (9,845) (8,368) 1,609
Other accrued liabilities (23,635) (14,846) 10,156
Cash Provided by Operating Activities, Continuing Operations 17,999 40,903 71,916
Cash Provided by Operating Activities, Discontinued Operations (21,158) 12,942 34,177
Cash provided by operating activities (3,159) 53,845 106,093
Investing Activities      
Capital expenditures (12,053) (14,923) (11,021)
Proceeds from sale of property, plant and equipment 708 1,462 104
Rental asset buyout for Viking divestiture 0 0 27,718
Proceeds from sale of businesses, net of transaction costs 10,226 0 8,902
Cash paid for business acquisitions, net of cash acquired (33,298) 0 (23,218)
Other Investing Activities (710) 0 0
Cash Used in Investing Activities, Continuing Operations (35,127) (13,461) (52,951)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 211,200 24,507 (9,800)
Cash Provided by (Used in) Investing Activities 176,073 11,046 (62,751)
Net Cash Provided by (Used in) Investing Activities 176,073 11,046 (62,751)
Repayments of Senior Debt (287,559) 0 0
Financing Activities      
Borrowings on revolving credit facility 395,000 0 0
Principal payments on revolving credit facility (140,000) 0 0
Principal Repayments on Term Loan (175,000) (72,500) (30,000)
Payment for redemption of term loan 0 (200,000) 0
Proceeds from issuance of term loan 0 200,000 0
Purchase of treasury shares (27,520) (22,481) 0
Taxes paid related to the net share settlement of equity awards (4,286) (1,872) (1,284)
Stock Option Exercises Related Tax Benefits And Other 3,092 1,900 15,681
Cash dividend (2,419) (2,439) (2,390)
Payments of Debt Issuance Costs (234) (2,125) 0
Cash Used in Financing Activities, Continuing Operations (238,926) (99,517) (17,993)
Cash Used in Financing Activities, Discontinued Operations 0 0 0
Cash used in financing activities (238,926) (99,517) (17,993)
Effect of Exchange Rate on Cash 7,031 (4,713) (4,430)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (58,981) (39,339) 20,919
Cash and cash equivalents - beginning of period 211,151 250,490 229,571
Cash and cash equivalents - end of period $ 152,170 $ 211,151 $ 250,490

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