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, 2014
Aug. 31, 2013
Aug. 31, 2012
Operating activities      
Net earnings $ 163,573 $ 30,048 $ 87,290
Non-cash items:      
Depreciation and amortization 60,635 53,902 54,263
Net gain on disposal of businesses (29,152) 0 0
Stock-based compensation expense 17,115 13,440 13,346
Provision (benefit) for deferred income taxes 40 (44,265) (10,524)
Amortization of debt discount and debt issuance costs 1,829 1,940 1,990
Impairment charges 0 158,817 62,464
Non-cash debt refinancing costs 0 0 2,254
Other non-cash adjustments (168) 328 0
Changes in components of working capital and other:      
Accounts receivable 1,336 (10,925) (12,310)
Inventories (21,915) 13,714 11,532
Prepaid expenses and other assets 4,276 (4,603) (2,164)
Trade accounts payable (19,832) (9,279) 5,902
Income taxes payable (46,133) 594 (17,903)
Accrued compensation and benefits 11,779 (14,256) (6,292)
Other accrued liabilities (18,149) 4,334 (7,519)
Cash provided by operating activities 125,234 193,789 182,329
Investing activities      
Proceeds from sale of property, plant and equipment 44,274 1,621 8,501
Proceeds from sale of businesses 289,590 4,854 0
Capital expenditures (41,857) (23,668) (22,740)
Business acquisitions, net of cash acquired (30,500) (235,489) (69,309)
Cash provided by (used in) investing activities 261,507 (252,682) (83,548)
Financing activities      
Net borrowings (repayments) on revolver (125,000) 125,000 (58,167)
Principal repayments on term loans 0 (7,500) (2,500)
Repurchases of 2% Convertible Notes 0 0 (102)
Proceeds from issuance of 5.625% Senior Notes 0 0 300,000
Redemption of 6.875% Senior Notes 0 0 (250,000)
Payment of deferred acquisition consideration (1,585) (5,378) (958)
Debt issuance costs 0 (2,035) (5,490)
Purchase of treasury shares (283,712) (41,832) (63,083)
Stock option exercises, related tax benefits and other 32,224 33,261 10,913
Cash dividend (2,919) (2,911) (2,748)
Cash (used in) provided by financing activities (380,992) 98,605 (72,135)
Effect of exchange rate changes on cash (723) (3,910) (2,683)
Net increase in cash and cash equivalents 5,026 35,802 23,963
Cash and cash equivalents—beginning of year 103,986 68,184 44,221
Cash and cash equivalents—end of year $ 109,012 $ 103,986 $ 68,184