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
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Operating Activities      
Net earnings (loss) $ 38,077 $ 723 $ (249,145)
Net (Loss) Earnings from Discontinued Operations (2,135) 4,834 257,212
Net Earnings (Loss) from Continuing Operations 40,212 5,557 8,067
Non-cash items:      
Impairment and divestiture charges, net of tax effect 5,586 (2,506) 20,930
Depreciation and amortization 21,611 20,720 20,217
Stock-based compensation expense 9,215 9,624 10,882
(Benefit) provision for deferred income taxes 9,639 (7,819) 3,955
Amortization of debt discount and debt issuance costs 480 2,549 1,200
Other non-cash adjustments (9,172) (1,204) (405)
Changes in components of working capital and other:      
Accounts receivable (19,113) (44,749) 4,993
Inventories (5,857) 8,960 (7,760)
Trade accounts payable 16,695 32,081 (6,858)
Prepaid expenses and other assets (18,812) (7,828) (5,269)
Income taxes payable (4,293) 7,306 913
Accrued compensation and benefits 3,631 (9,845) (8,368)
Other accrued liabilities 5,038 (23,635) (14,846)
Cash Provided by Operating Activities, Continuing Operations 54,860 17,999 40,903
Cash Provided by Operating Activities, Discontinued Operations (677) (21,158) 12,942
Cash provided by operating activities 54,183 (3,159) 53,845
Investing Activities      
Capital expenditures (12,019) (12,053) (14,923)
Proceeds from sale of property, plant and equipment 22,409 708 1,462
Proceeds from Life Insurance Policy 2,911 0 0
Proceeds from sale of businesses, net of transaction costs 0 10,226 0
Cash paid for business acquisitions, net of cash acquired 0 33,298 0
Other Investing Activities 0 710 0
Cash Used in Investing Activities, Continuing Operations 13,301 (35,127) (13,461)
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 211,200 24,507
Cash Provided by (Used in) Investing Activities 13,301 176,073 11,046
Net Cash Provided by (Used in) Investing Activities 13,301 176,073 11,046
Repayments of Senior Debt 0 287,559 0
Financing Activities      
Borrowings on revolving credit facility 10,000 (395,000) 0
Principal payments on revolving credit facility (90,000) (140,000) 0
Principal Repayments on Term Loan 0 (175,000) (72,500)
Payment for redemption of term loan 0 0 (200,000)
Proceeds from issuance of term loan 0 0 200,000
Purchase of treasury shares 0 (27,520) (22,481)
Stock options, taxes paid related to the net share settlement of equity awards & other 128 (1,428) (2,097)
Cash dividend (2,394) (2,419) (2,439)
Cash Used in Financing Activities, Continuing Operations (82,266) (238,926) (99,517)
Cash Used in Financing Activities, Discontinued Operations 750 0 0
Cash used in financing activities (81,516) (238,926) (99,517)
Effect of Exchange Rate on Cash 2,214 7,031 (4,713)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (11,818) (58,981) (39,339)
Cash and cash equivalents - beginning of period 152,170 211,151 250,490
Cash and cash equivalents - end of period $ 140,352 $ 152,170 $ 211,151