Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Aug. 31, 2011
Operating activities      
Net earnings $ 30,048 $ 87,290 $ 111,559
Non-cash items:      
Depreciation and amortization 53,902 54,263 52,996
Net loss on disposal of business 0 0 11,695
Stock-based compensation expense 13,440 13,346 10,758
Provision (benefit) for deferred income taxes (44,265) (10,524) 6,480
Amortization of debt discount and debt issuance costs 1,940 1,990 2,904
Impairment charges 158,817 62,464 0
Non-cash debt refinancing costs 0 2,254 0
Other non-cash adjustments 328 0 (46)
Changes in components of working capital and other:      
Accounts receivable (10,925) (12,310) (2,564)
Inventories 13,714 11,532 (29,909)
Prepaid expenses and other assets (4,603) (2,164) 5,876
Trade accounts payable (9,279) 5,902 7,158
Income taxes payable 594 (17,903) 4,155
Accrued compensation and benefits (14,256) (6,292) 12,178
Other accrued liabilities 4,334 (7,519) (21,674)
Cash provided by operating activities 193,789 182,329 171,566
Investing activities      
Proceeds from sale of property, plant and equipment 1,621 8,501 1,779
Proceeds from sale of business 4,854 0 3,463
Capital expenditures (23,668) (22,740) (23,096)
Business acquisitions, net of cash acquired (235,489) (69,309) (313,106)
Cash used in investing activities (252,682) (83,548) (330,960)
Financing activities      
Net borrowings (repayments) on revolver 125,000 (58,167) 58,204
Principal repayments on term loans (7,500) (2,500) 0
Proceeds from issuance of term loans 0 0 100,000
Repurchases of 2% Convertible Notes 0 (102) (34)
Proceeds from issuance of 5.625% Senior Notes 0 300,000 0
Redemption of 6.875% Senior Notes 0 (250,000) 0
Payment of deferred acquisition consideration (5,378) (958) (350)
Debt issuance costs (2,035) (5,490) (5,197)
Purchase of treasury shares (41,832) (63,083) 0
Stock option exercises, related tax benefits and other 33,261 10,913 8,235
Cash dividend (2,911) (2,748) (2,716)
Cash provided by (used in) financing activities 98,605 (72,135) 158,142
Effect of exchange rate changes on cash (3,910) (2,683) 5,251
Net increase in cash and cash equivalents 35,802 23,963 3,999
Cash and cash equivalents—beginning of year 68,184 44,221 40,222
Cash and cash equivalents—end of year $ 103,986 $ 68,184 $ 44,221