Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
May 31, 2013
May 31, 2012
Operating Activities    
Net earnings (loss) $ (28,205) $ 103,750
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation and amortization 42,790 40,192
Asset Impairment Charges 170,052 0
Amortization of debt discount and debt issuance costs 1,488 1,492
Write off of Deferred Debt Issuance Cost 0 2,254
Stock-based compensation expense 10,507 10,002
Benefit for deferred income taxes (30,549) (2,137)
Other non-cash adjustments 171 (138)
Sources (uses) of cash from changes in components of working capital and other:    
Accounts receivable (25,033) (21,692)
Inventories 7,326 9,171
Prepaid expenses and other assets (4,613) 1,071
Trade accounts payable (7,529) 2,779
Income taxes payable (5,538) (2,056)
Accrued compensation and benefits (12,829) (8,766)
Other accrued liabilities (1,768) (6,608)
Net cash provided by operating activities 116,270 129,314
Investing Activities    
Proceeds from sale of property, plant and equipment 1,317 8,486
Proceeds from Divestiture of Businesses 4,854 0
Capital expenditures (18,895) (17,491)
Business acquisitions, net of cash acquired 0 (28,776)
Net cash used in investing activities (12,724) (37,781)
Financing Activities    
Net changes in borrowings on revolver and other debt 0 (58,167)
Principal repayments on term loan (5,000) (1,250)
Repayments of Long-term Debt 0 (102)
Proceeds from Issuance of Senior Long-term Debt 0 300,000
Repayments of Senior Debt 0 (250,000)
Payments of Debt Issuance Costs 0 (5,340)
Purchase of treasury shares (13,670) (39,282)
Stock option exercises and related tax benefits 18,705 6,392
payment of contingent consideration (3,635) (958)
Cash dividend (2,911) (2,748)
Net cash used in financing activities (6,511) (51,455)
Effect of exchange rate changes on cash (3,801) (4,150)
Net increase in cash and cash equivalents 93,234 35,928
Cash and cash equivalents – beginning of period 68,184 44,221
Cash and cash equivalents – end of period $ 161,418 $ 80,149