v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Operating Activities    
Net (loss) earnings $ 7,780,000 $ 4,283,000
Net (Loss) Earnings from Discontinued Operations (626,000) (6,007,000)
Net Earnings from Continuing Operations 8,406,000 10,290,000
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Impairment & divestiture (benefits) charges, net of tax 482,000 (1,629,000)
Depreciation and amortization 10,966,000 10,056,000
Stock-based compensation expense 5,228,000 5,945,000
Benefit for deferred income taxes (398,000) (1,094,000)
Amortization of debt issuance costs 240,000 1,132,000
Other non-cash charges 514,000 409,000
Changes in components of working capital and other, excluding acquisitions and divestitures:    
Accounts receivable (9,920,000) 13,956,000
Inventories (1,505,000) (1,898,000)
Trade accounts payable 4,114,000 (14,364,000)
Prepaid expenses and other assets (7,047,000) (3,103,000)
Income tax accounts 692,000 (9,927,000)
Accrued compensation and benefits 3,785,000 (8,012,000)
Other accrued liabilities (2,057,000) (10,065,000)
Cash provided by (used in) operating activities, Continuing Operations 13,500,000 (8,304,000)
Cash (used in) provided by operating activities, Discontinued Operations (254,000) (20,437,000)
Cash (Used in) Provided By Operating Activities 13,246,000 (28,741,000)
Investing Activities    
Capital expenditures (5,630,000) (6,967,000)
Proceeds from sale of property, plant and equipment 595,000 450,000
Lease buyout for divested business 0 (575,000)
Proceeds from sale of business/product line 0 8,726,000
Cash paid for business acquisitions, net of cash acquired 0 33,444,000
Cash used in investing activities, Continuing Operations (5,035,000) (31,810,000)
Cash Provided by Investing Activities, Discontinued Operations 0 208,391,000
Cash Provided by Investing Activities (5,035,000) 176,581,000
Financing Activities    
Borrowings on Revolving Credit 10,000,000 100,000,000
Principal Repayment on Revolving Credit Facility (55,000,000) (100,000,000)
Stock Repurchases 0 (17,805,000)
Taxes paid related to the net share settlement of equity awards (1,981,000) (4,063,000)
Stock option exercises and other 182,000 2,888,000
Cash dividend (2,394,000) (2,419,000)
Net Cash Used in Financing Activities, Continuing Operations (49,193,000) (196,399,000)
Cash Used in Financing Activities, Discontinued Operations 750,000 0
Cash used in financing activities (48,443,000) (196,399,000)
Effect of exchange rate changes on cash 3,316,000 845,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (36,916,000) (47,714,000)
Cash and cash equivalents - beginning of period 152,170,000 211,151,000
Cash and cash equivalents - end of period 115,254,000 163,437,000
Principal Repayments on Term Loan $ 0 $ (175,000,000)

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