Guarantor Subsidiaries (Tables)
|
9 Months Ended |
May 31, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
|
Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block] |
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
41,851 |
|
|
$ |
101,780 |
|
|
$ |
173,465 |
|
|
$ |
— |
|
|
$ |
317,096 |
|
Cost of products sold |
6,394 |
|
|
73,266 |
|
|
120,927 |
|
|
— |
|
|
200,587 |
|
Gross profit |
35,457 |
|
|
28,514 |
|
|
52,538 |
|
|
— |
|
|
116,509 |
|
Selling, administrative and engineering expenses |
22,480 |
|
|
18,439 |
|
|
36,651 |
|
|
— |
|
|
77,570 |
|
Amortization of intangible assets |
318 |
|
|
2,861 |
|
|
2,005 |
|
|
— |
|
|
5,184 |
|
Restructuring charges |
661 |
|
|
253 |
|
|
256 |
|
|
— |
|
|
1,170 |
|
Operating profit |
11,998 |
|
|
6,961 |
|
|
13,626 |
|
|
— |
|
|
32,585 |
|
Financing costs (income), net |
7,847 |
|
|
22 |
|
|
(113 |
) |
|
— |
|
|
7,756 |
|
Intercompany (income) expense, net |
(2,023 |
) |
|
7,120 |
|
|
(5,097 |
) |
|
— |
|
|
— |
|
Other (income) expense, net |
(251 |
) |
|
(8 |
) |
|
71 |
|
|
— |
|
|
(188 |
) |
Earnings (loss) before income tax (benefit) expense |
6,425 |
|
|
(173 |
) |
|
18,765 |
|
|
— |
|
|
25,017 |
|
Income tax (benefit) expense |
(11,354 |
) |
|
(86 |
) |
|
7,445 |
|
|
— |
|
|
(3,995 |
) |
Net earnings (loss) before equity in earnings of subsidiaries |
17,779 |
|
|
(87 |
) |
|
11,320 |
|
|
— |
|
|
29,012 |
|
Equity in earnings of subsidiaries |
11,233 |
|
|
13,406 |
|
|
1,157 |
|
|
(25,796 |
) |
|
— |
|
Net earnings |
$ |
29,012 |
|
|
$ |
13,319 |
|
|
$ |
12,477 |
|
|
$ |
(25,796 |
) |
|
$ |
29,012 |
|
Comprehensive income (loss) |
$ |
8,059 |
|
|
$ |
13,319 |
|
|
$ |
(9,092 |
) |
|
$ |
(4,227 |
) |
|
$ |
8,059 |
|
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
39,753 |
|
|
$ |
98,391 |
|
|
$ |
157,283 |
|
|
$ |
— |
|
|
$ |
295,427 |
|
Cost of products sold |
9,944 |
|
|
71,565 |
|
|
111,114 |
|
|
— |
|
|
192,623 |
|
Gross profit |
29,809 |
|
|
26,826 |
|
|
46,169 |
|
|
— |
|
|
102,804 |
|
Selling, administrative and engineering expenses |
18,113 |
|
|
18,060 |
|
|
33,878 |
|
|
— |
|
|
70,051 |
|
Amortization of intangible assets |
318 |
|
|
2,865 |
|
|
1,854 |
|
|
— |
|
|
5,037 |
|
Restructuring charges |
99 |
|
|
153 |
|
|
132 |
|
|
— |
|
|
384 |
|
Operating profit |
11,279 |
|
|
5,748 |
|
|
10,305 |
|
|
— |
|
|
27,332 |
|
Financing costs (income), net |
7,558 |
|
|
— |
|
|
(5 |
) |
|
— |
|
|
7,553 |
|
Intercompany (income) expense, net |
(3,941 |
) |
|
3,958 |
|
|
(17 |
) |
|
— |
|
|
— |
|
Intercompany dividends |
5,353 |
|
|
— |
|
|
(5,353 |
) |
|
— |
|
|
— |
|
Other (income) expense, net |
(159 |
) |
|
98 |
|
|
1,358 |
|
|
— |
|
|
1,297 |
|
Earnings before income tax benefit |
2,468 |
|
|
1,692 |
|
|
14,322 |
|
|
— |
|
|
18,482 |
|
Income tax benefit |
(3,521 |
) |
|
(168 |
) |
|
(340 |
) |
|
— |
|
|
(4,029 |
) |
Net earnings before equity in earnings of subsidiaries |
5,989 |
|
|
1,860 |
|
|
14,662 |
|
|
— |
|
|
22,511 |
|
Equity in earnings of subsidiaries |
16,523 |
|
|
15,475 |
|
|
1,754 |
|
|
(33,752 |
) |
|
— |
|
Net earnings |
$ |
22,511 |
|
|
$ |
17,335 |
|
|
$ |
16,416 |
|
|
$ |
(33,752 |
) |
|
$ |
22,511 |
|
Comprehensive income |
$ |
42,835 |
|
|
$ |
24,376 |
|
|
$ |
28,358 |
|
|
$ |
(52,734 |
) |
|
$ |
42,835 |
|
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
113,780 |
|
|
$ |
272,686 |
|
|
$ |
494,750 |
|
|
$ |
— |
|
|
$ |
881,216 |
|
Cost of products sold |
19,205 |
|
|
201,819 |
|
|
353,076 |
|
|
— |
|
|
574,100 |
|
Gross profit |
94,575 |
|
|
70,867 |
|
|
141,674 |
|
|
— |
|
|
307,116 |
|
Selling, administrative and engineering expenses |
60,385 |
|
|
54,119 |
|
|
106,046 |
|
|
— |
|
|
220,550 |
|
Amortization of intangible assets |
954 |
|
|
8,583 |
|
|
5,946 |
|
|
— |
|
|
15,483 |
|
Restructuring charges |
6,211 |
|
|
1,331 |
|
|
3,707 |
|
|
— |
|
|
11,249 |
|
Impairment & divestiture charges (income) |
4,217 |
|
|
— |
|
|
(1,230 |
) |
|
— |
|
|
2,987 |
|
Operating profit |
22,808 |
|
|
6,834 |
|
|
27,205 |
|
|
— |
|
|
56,847 |
|
Financing costs (income), net |
23,247 |
|
|
65 |
|
|
(438 |
) |
|
— |
|
|
22,874 |
|
Intercompany (income) expense, net |
(11,942 |
) |
|
18,023 |
|
|
(6,081 |
) |
|
— |
|
|
— |
|
Other (income) expense, net |
(211 |
) |
|
86 |
|
|
633 |
|
|
— |
|
|
508 |
|
Earnings (loss) before income tax (benefit) expense |
11,714 |
|
|
(11,340 |
) |
|
33,091 |
|
|
— |
|
|
33,465 |
|
Income tax (benefit) expense |
(1,027 |
) |
|
(1,883 |
) |
|
20,358 |
|
|
— |
|
|
17,448 |
|
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
12,741 |
|
|
(9,457 |
) |
|
12,733 |
|
|
— |
|
|
16,017 |
|
Equity in earnings (loss) of subsidiaries |
3,276 |
|
|
12,745 |
|
|
(348 |
) |
|
(15,673 |
) |
|
— |
|
Net earnings |
$ |
16,017 |
|
|
$ |
3,288 |
|
|
$ |
12,385 |
|
|
$ |
(15,673 |
) |
|
$ |
16,017 |
|
Comprehensive income |
$ |
79,098 |
|
|
$ |
3,288 |
|
|
$ |
77,294 |
|
|
$ |
(80,582 |
) |
|
$ |
79,098 |
|
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
106,435 |
|
|
$ |
263,640 |
|
|
$ |
450,014 |
|
|
$ |
— |
|
|
$ |
820,089 |
|
Cost of products sold |
27,087 |
|
|
194,802 |
|
|
315,003 |
|
|
— |
|
|
536,892 |
|
Gross profit |
79,348 |
|
|
68,838 |
|
|
135,011 |
|
|
— |
|
|
283,197 |
|
Selling, administrative and engineering expenses |
54,633 |
|
|
51,245 |
|
|
99,731 |
|
|
— |
|
|
205,609 |
|
Amortization of intangible assets |
954 |
|
|
8,859 |
|
|
5,555 |
|
|
— |
|
|
15,368 |
|
Restructuring charges |
826 |
|
|
1,317 |
|
|
3,290 |
|
|
— |
|
|
5,433 |
|
Director & officer transition charges |
7,784 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,784 |
|
Operating profit |
15,151 |
|
|
7,417 |
|
|
26,435 |
|
|
— |
|
|
49,003 |
|
Financing costs (income), net |
22,314 |
|
|
— |
|
|
(295 |
) |
|
— |
|
|
22,019 |
|
Intercompany (income) expense, net |
(16,891 |
) |
|
14,114 |
|
|
2,777 |
|
|
— |
|
|
— |
|
Intercompany dividends |
5,353 |
|
|
(59,401 |
) |
|
(5,353 |
) |
|
59,401 |
|
|
— |
|
Other expense (income), net |
1,878 |
|
|
24 |
|
|
(642 |
) |
|
— |
|
|
1,260 |
|
Earnings before income tax (benefit) expense |
2,497 |
|
|
52,680 |
|
|
29,948 |
|
|
(59,401 |
) |
|
25,724 |
|
Income tax (benefit) expense |
(6,084 |
) |
|
(865 |
) |
|
122 |
|
|
— |
|
|
(6,827 |
) |
Net earnings before equity in earnings of subsidiaries |
8,581 |
|
|
53,545 |
|
|
29,826 |
|
|
(59,401 |
) |
|
32,551 |
|
Equity in earnings of subsidiaries |
23,970 |
|
|
29,157 |
|
|
4,616 |
|
|
(57,743 |
) |
|
— |
|
Net earnings |
$ |
32,551 |
|
|
$ |
82,702 |
|
|
$ |
34,442 |
|
|
$ |
(117,144 |
) |
|
$ |
32,551 |
|
Comprehensive income |
$ |
29,864 |
|
|
$ |
71,992 |
|
|
$ |
41,817 |
|
|
$ |
(113,809 |
) |
|
$ |
29,864 |
|
|
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 31, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
36,411 |
|
|
$ |
— |
|
|
$ |
153,079 |
|
|
$ |
— |
|
|
$ |
189,490 |
|
Accounts receivable, net |
18,176 |
|
|
55,856 |
|
|
138,252 |
|
|
— |
|
|
212,284 |
|
Inventories, net |
26,590 |
|
|
62,274 |
|
|
78,453 |
|
|
— |
|
|
167,317 |
|
Other current assets |
9,763 |
|
|
4,045 |
|
|
44,924 |
|
|
— |
|
|
58,732 |
|
Total current assets |
90,940 |
|
|
122,175 |
|
|
414,708 |
|
|
— |
|
|
627,823 |
|
Property, plant & equipment, net |
8,073 |
|
|
31,872 |
|
|
60,820 |
|
|
— |
|
|
100,765 |
|
Goodwill |
38,847 |
|
|
201,578 |
|
|
298,367 |
|
|
— |
|
|
538,792 |
|
Other intangibles, net |
7,202 |
|
|
129,460 |
|
|
73,498 |
|
|
— |
|
|
210,160 |
|
Investment in subsidiaries |
1,890,023 |
|
|
1,264,257 |
|
|
802,395 |
|
|
(3,956,675 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
564,943 |
|
|
214,895 |
|
|
(779,838 |
) |
|
— |
|
Other long-term assets |
10,391 |
|
|
31 |
|
|
16,823 |
|
|
— |
|
|
27,245 |
|
Total assets |
$ |
2,045,476 |
|
|
$ |
2,314,316 |
|
|
$ |
1,881,506 |
|
|
$ |
(4,736,513 |
) |
|
$ |
1,504,785 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
14,511 |
|
|
$ |
30,284 |
|
|
$ |
97,404 |
|
|
$ |
— |
|
|
$ |
142,199 |
|
Accrued compensation and benefits |
14,112 |
|
|
8,962 |
|
|
25,019 |
|
|
— |
|
|
48,093 |
|
Current maturities of debt |
30,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,000 |
|
Income taxes payable |
6,069 |
|
|
— |
|
|
11,536 |
|
|
— |
|
|
17,605 |
|
Other current liabilities |
18,931 |
|
|
6,521 |
|
|
37,985 |
|
|
— |
|
|
63,437 |
|
Total current liabilities |
83,623 |
|
|
45,767 |
|
|
171,944 |
|
|
— |
|
|
301,334 |
|
Long-term debt |
510,007 |
|
|
— |
|
|
— |
|
|
— |
|
|
510,007 |
|
Deferred income taxes |
13,659 |
|
|
— |
|
|
5,832 |
|
|
— |
|
|
19,491 |
|
Pension and post-retirement benefit liabilities |
11,587 |
|
|
— |
|
|
7,105 |
|
|
— |
|
|
18,692 |
|
Other long-term liabilities |
46,651 |
|
|
374 |
|
|
7,208 |
|
|
— |
|
|
54,233 |
|
Intercompany payable |
778,921 |
|
|
— |
|
|
917 |
|
|
(779,838 |
) |
|
— |
|
Shareholders’ equity |
601,028 |
|
|
2,268,175 |
|
|
1,688,500 |
|
|
(3,956,675 |
) |
|
601,028 |
|
Total liabilities and shareholders’ equity |
$ |
2,045,476 |
|
|
$ |
2,314,316 |
|
|
$ |
1,881,506 |
|
|
$ |
(4,736,513 |
) |
|
$ |
1,504,785 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
34,715 |
|
|
$ |
— |
|
|
$ |
194,856 |
|
|
$ |
— |
|
|
$ |
229,571 |
|
Accounts receivable, net |
17,498 |
|
|
50,749 |
|
|
121,959 |
|
|
— |
|
|
190,206 |
|
Inventories, net |
23,308 |
|
|
48,492 |
|
|
71,851 |
|
|
— |
|
|
143,651 |
|
Assets held for sale |
— |
|
|
— |
|
|
21,835 |
|
|
— |
|
|
21,835 |
|
Other current assets |
23,576 |
|
|
3,619 |
|
|
34,468 |
|
|
— |
|
|
61,663 |
|
Total current assets |
99,097 |
|
|
102,860 |
|
|
444,969 |
|
|
— |
|
|
646,926 |
|
Property, plant & equipment, net |
7,049 |
|
|
26,130 |
|
|
61,342 |
|
|
— |
|
|
94,521 |
|
Goodwill |
38,847 |
|
|
200,499 |
|
|
290,735 |
|
|
— |
|
|
530,081 |
|
Other intangibles, net |
8,156 |
|
|
138,042 |
|
|
74,291 |
|
|
— |
|
|
220,489 |
|
Investment in subsidiaries |
1,832,472 |
|
|
1,186,715 |
|
|
805,016 |
|
|
(3,824,203 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
589,193 |
|
|
205,183 |
|
|
(794,376 |
) |
|
— |
|
Other long-term assets |
8,377 |
|
|
812 |
|
|
15,749 |
|
|
— |
|
|
24,938 |
|
Total assets |
$ |
1,993,998 |
|
|
$ |
2,244,251 |
|
|
$ |
1,897,285 |
|
|
$ |
(4,618,579 |
) |
|
$ |
1,516,955 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
15,412 |
|
|
$ |
27,168 |
|
|
$ |
90,807 |
|
|
$ |
— |
|
|
$ |
133,387 |
|
Accrued compensation and benefits |
19,082 |
|
|
7,672 |
|
|
24,185 |
|
|
— |
|
|
50,939 |
|
Current maturities of debt |
30,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,000 |
|
Income taxes payable |
153 |
|
|
— |
|
|
5,927 |
|
|
— |
|
|
6,080 |
|
Liabilities held for sale |
— |
|
|
— |
|
|
101,083 |
|
|
— |
|
|
101,083 |
|
Other current liabilities |
18,512 |
|
|
7,169 |
|
|
31,764 |
|
|
— |
|
|
57,445 |
|
Total current liabilities |
83,159 |
|
|
42,009 |
|
|
253,766 |
|
|
— |
|
|
378,934 |
|
Long-term debt |
531,940 |
|
|
— |
|
|
— |
|
|
— |
|
|
531,940 |
|
Deferred income taxes |
24,164 |
|
|
— |
|
|
5,695 |
|
|
— |
|
|
29,859 |
|
Pension and post-retirement benefit liabilities |
12,540 |
|
|
— |
|
|
7,322 |
|
|
— |
|
|
19,862 |
|
Other long-term liabilities |
48,692 |
|
|
352 |
|
|
6,777 |
|
|
— |
|
|
55,821 |
|
Intercompany payable |
792,964 |
|
|
— |
|
|
1,412 |
|
|
(794,376 |
) |
|
— |
|
Shareholders’ equity |
500,539 |
|
|
2,201,890 |
|
|
1,622,313 |
|
|
(3,824,203 |
) |
|
500,539 |
|
Total liabilities and shareholders’ equity |
$ |
1,993,998 |
|
|
$ |
2,244,251 |
|
|
$ |
1,897,285 |
|
|
$ |
(4,618,579 |
) |
|
$ |
1,516,955 |
|
|
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
25,741 |
|
|
$ |
9,439 |
|
|
$ |
409 |
|
|
$ |
— |
|
|
$ |
35,589 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(2,455 |
) |
|
(7,806 |
) |
|
(8,455 |
) |
|
— |
|
|
(18,716 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
99 |
|
|
49 |
|
|
— |
|
|
148 |
|
Rental asset buyout for Viking divestiture |
— |
|
|
— |
|
|
(27,718 |
) |
|
— |
|
|
(27,718 |
) |
Proceeds from sale of business, net of transition costs |
198 |
|
|
— |
|
|
8,582 |
|
|
— |
|
|
8,780 |
|
Cash paid for business acquisitions, net of cash acquired |
— |
|
|
(1,732 |
) |
|
(20,594 |
) |
|
— |
|
|
(22,326 |
) |
Intercompany investment |
(100 |
) |
|
— |
|
|
— |
|
|
100 |
|
|
— |
|
Cash used in investing activities |
(2,357 |
) |
|
(9,439 |
) |
|
(48,136 |
) |
|
100 |
|
|
(59,832 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(22,500 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(22,500 |
) |
Stock option exercises and other |
10,435 |
|
|
— |
|
|
— |
|
|
— |
|
|
10,435 |
|
Taxes paid related to the net share settlement of equity awards |
(1,279 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,279 |
) |
Cash dividend |
(2,390 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,390 |
) |
Intercompany loan activity |
(5,954 |
) |
|
— |
|
|
5,954 |
|
|
— |
|
|
— |
|
Intercompany capital contribution |
— |
|
|
— |
|
|
100 |
|
|
(100 |
) |
|
— |
|
Cash (used in) provided by financing activities |
(21,688 |
) |
|
— |
|
|
6,054 |
|
|
(100 |
) |
|
(15,734 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(104 |
) |
|
— |
|
|
(104 |
) |
Net increase (decrease) in cash and cash equivalents |
1,696 |
|
|
— |
|
|
(41,777 |
) |
|
— |
|
|
(40,081 |
) |
Cash and cash equivalents—beginning of period |
34,715 |
|
|
— |
|
|
194,856 |
|
|
— |
|
|
229,571 |
|
Cash and cash equivalents—end of period |
$ |
36,411 |
|
|
$ |
— |
|
|
$ |
153,079 |
|
|
$ |
— |
|
|
$ |
189,490 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net provided by operating activities |
$ |
82,834 |
|
|
$ |
13,184 |
|
|
$ |
20,798 |
|
|
$ |
(64,754 |
) |
|
$ |
52,062 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(2,706 |
) |
|
(8,037 |
) |
|
(12,176 |
) |
|
— |
|
|
(22,919 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
135 |
|
|
109 |
|
|
— |
|
|
244 |
|
Cash used in investing activities |
(2,706 |
) |
|
(7,902 |
) |
|
(12,067 |
) |
|
— |
|
|
(22,675 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(11,250 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11,250 |
) |
Redemption of 5.625% Senior Notes |
(500 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(500 |
) |
Stock option exercises and other |
7,314 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,314 |
|
Taxes paid related to the net share settlement of equity awards |
(999 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(999 |
) |
Payment of deferred acquisition consideration |
— |
|
|
— |
|
|
(742 |
) |
|
— |
|
|
(742 |
) |
Cash dividend |
(2,358 |
) |
|
(5,353 |
) |
|
(59,401 |
) |
|
64,754 |
|
|
(2,358 |
) |
Intercompany loan activity |
(53,734 |
) |
|
— |
|
|
53,734 |
|
|
— |
|
|
— |
|
Cash used in financing activities |
(61,527 |
) |
|
(5,353 |
) |
|
(6,409 |
) |
|
64,754 |
|
|
(8,535 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(1,502 |
) |
|
— |
|
|
(1,502 |
) |
Net increase (decrease) in cash and cash equivalents |
18,601 |
|
|
(71 |
) |
|
820 |
|
|
— |
|
|
19,350 |
|
Cash and cash equivalents—beginning of period |
7,953 |
|
|
71 |
|
|
171,580 |
|
|
— |
|
|
179,604 |
|
Cash and cash equivalents—end of period |
$ |
26,554 |
|
|
$ |
— |
|
|
$ |
172,400 |
|
|
$ |
— |
|
|
$ |
198,954 |
|
|