v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 31, 2022
May 31, 2021
Operating Activities    
Net (loss) earnings $ 5,652 $ 32,811
Net (Loss) Earnings from Discontinued Operations (3,715) (852)
Net Earnings from Continuing Operations 9,367 33,663
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Impairment & divestiture (benefits) charges, net of tax 1,116 482
Depreciation and amortization 14,983 16,438
Stock-based compensation expense 12,117 7,385
Provision for deferred income taxes 1,568 7,475
Amortization of debt issuance costs 360 360
Increase (Decrease) in Receivable Reserve 13,856 0
Other non-cash (benefits) (466) (9,135)
Changes in components of working capital and other:    
Accounts receivable (31,153) (26,692)
Inventories (15,913) (3,667)
Trade accounts payable 1,611 14,095
Prepaid expenses and other assets 5,760 (13,795)
Income tax accounts (3,208) (8,639)
Accrued compensation and benefits 396 3,875
Other accrued liabilities (2,879) 3,524
Cash provided by (used in) operating activities, Continuing Operations 7,515 25,369
Cash (used in) provided by operating activities, Discontinued Operations (319) (480)
Cash (Used in) Provided By Operating Activities 7,196 24,889
Investing Activities    
Capital expenditures (6,970) (9,504)
Proceeds from sale of property, plant and equipment 1,158 22,401
Proceeds from Life Insurance Policy 0 2,911
Cash used in investing activities, Continuing Operations (5,812) 15,808
Cash Provided by Investing Activities (5,812) 15,808
Financing Activities    
Borrowings on Revolving Credit 45,000 10,000
Principal Repayment on Revolving Credit Facility (15,000) (70,000)
Payments for Repurchase of Common Stock (36,295) 0
Taxes paid related to the net share settlement of equity awards (3,378) (2,337)
Stock option exercises and other 217 2,305
Cash dividend (2,409) (2,394)
Net Cash Used in Financing Activities, Continuing Operations (11,865) (62,426)
Cash Used in Financing Activities, Discontinued Operations 0 750
Cash used in financing activities (11,865) (61,676)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (6,166) 5,088
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (16,647) (15,891)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents $ 123,705 $ 136,279

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