Guarantor Subsidiaries (Tables)
|
6 Months Ended |
Feb. 29, 2016 |
|---|
| 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 OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
32,399 |
|
|
$ |
55,783 |
|
|
$ |
175,107 |
|
|
$ |
— |
|
|
$ |
263,289 |
|
Cost of products sold |
12,077 |
|
|
39,688 |
|
|
120,494 |
|
|
— |
|
|
172,259 |
|
Gross profit |
20,322 |
|
|
16,095 |
|
|
54,613 |
|
|
— |
|
|
91,030 |
|
Selling, administrative and engineering expenses |
17,117 |
|
|
13,121 |
|
|
36,934 |
|
|
— |
|
|
67,172 |
|
Amortization of intangible assets |
318 |
|
|
2,644 |
|
|
2,918 |
|
|
— |
|
|
5,880 |
|
Restructuring charges |
79 |
|
|
2,374 |
|
|
1,129 |
|
|
— |
|
|
3,582 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
2,808 |
|
|
(51,056 |
) |
|
(123,867 |
) |
|
— |
|
|
(172,115 |
) |
Financing costs, net |
7,308 |
|
|
— |
|
|
(442 |
) |
|
— |
|
|
6,866 |
|
Intercompany (income) expense, net |
(5,465 |
) |
|
1,025 |
|
|
4,440 |
|
|
— |
|
|
— |
|
Other expense (income), net |
200 |
|
|
(31 |
) |
|
66 |
|
|
— |
|
|
235 |
|
Earnings (loss) before income taxes |
765 |
|
|
(52,050 |
) |
|
(127,931 |
) |
|
— |
|
|
(179,216 |
) |
Income tax benefit |
(1,648 |
) |
|
(744 |
) |
|
(17,634 |
) |
|
— |
|
|
(20,026 |
) |
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
2,413 |
|
|
(51,306 |
) |
|
(110,297 |
) |
|
— |
|
|
(159,190 |
) |
Equity in earnings (loss) of subsidiaries |
(161,603 |
) |
|
(95,088 |
) |
|
111 |
|
|
256,580 |
|
|
— |
|
Net loss |
$ |
(159,190 |
) |
|
$ |
(146,394 |
) |
|
$ |
(110,186 |
) |
|
$ |
256,580 |
|
|
$ |
(159,190 |
) |
Comprehensive loss |
$ |
(173,341 |
) |
|
$ |
(163,017 |
) |
|
$ |
(108,215 |
) |
|
$ |
271,232 |
|
|
$ |
(173,341 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 28, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
39,335 |
|
|
$ |
70,675 |
|
|
$ |
190,995 |
|
|
$ |
— |
|
|
$ |
301,005 |
|
Cost of products sold |
12,076 |
|
|
52,182 |
|
|
126,986 |
|
|
— |
|
|
191,244 |
|
Gross profit |
27,259 |
|
|
18,493 |
|
|
64,009 |
|
|
— |
|
|
109,761 |
|
Selling, administrative and engineering expenses |
16,430 |
|
|
16,367 |
|
|
42,971 |
|
|
— |
|
|
75,768 |
|
Amortization of intangible assets |
318 |
|
|
2,785 |
|
|
2,984 |
|
|
— |
|
|
6,087 |
|
Impairment charges |
— |
|
|
20,249 |
|
|
64,104 |
|
|
— |
|
|
84,353 |
|
Operating profit (loss) |
10,511 |
|
|
(20,908 |
) |
|
(46,050 |
) |
|
— |
|
|
(56,447 |
) |
Financing costs, net |
7,267 |
|
|
— |
|
|
(237 |
) |
|
— |
|
|
7,030 |
|
Intercompany (income) expense, net |
(5,098 |
) |
|
849 |
|
|
4,249 |
|
|
— |
|
|
— |
|
Intercompany dividend income |
(212 |
) |
|
(243 |
) |
|
(31 |
) |
|
486 |
|
|
— |
|
Other income, net |
(246 |
) |
|
(64 |
) |
|
(309 |
) |
|
— |
|
|
(619 |
) |
Earnings (loss) before income taxes |
8,800 |
|
|
(21,450 |
) |
|
(49,722 |
) |
|
(486 |
) |
|
(62,858 |
) |
Income tax expense (benefit) |
1,514 |
|
|
(207 |
) |
|
757 |
|
|
(84 |
) |
|
1,980 |
|
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
7,286 |
|
|
(21,243 |
) |
|
(50,479 |
) |
|
(402 |
) |
|
(64,838 |
) |
Equity in earnings (loss) of subsidiaries |
(72,124 |
) |
|
(28,577 |
) |
|
323 |
|
|
100,378 |
|
|
— |
|
Net loss |
$ |
(64,838 |
) |
|
$ |
(49,820 |
) |
|
$ |
(50,156 |
) |
|
$ |
99,976 |
|
|
$ |
(64,838 |
) |
Comprehensive loss |
$ |
(121,586 |
) |
|
$ |
(65,247 |
) |
|
$ |
(65,507 |
) |
|
$ |
130,754 |
|
|
$ |
(121,586 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
67,089 |
|
|
$ |
125,799 |
|
|
$ |
375,412 |
|
|
$ |
— |
|
|
$ |
568,300 |
|
Cost of products sold |
19,248 |
|
|
89,330 |
|
|
260,131 |
|
|
— |
|
|
368,709 |
|
Gross profit |
47,841 |
|
|
36,469 |
|
|
115,281 |
|
|
— |
|
|
199,591 |
|
Selling, administrative and engineering expenses |
36,877 |
|
|
27,507 |
|
|
75,699 |
|
|
— |
|
|
140,083 |
|
Amortization of intangible assets |
636 |
|
|
5,260 |
|
|
5,883 |
|
|
— |
|
|
11,779 |
|
Restructuring charges |
957 |
|
|
2,495 |
|
|
4,510 |
|
|
— |
|
|
7,962 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
9,371 |
|
|
(47,805 |
) |
|
(108,310 |
) |
|
— |
|
|
(146,744 |
) |
Financing costs, net |
14,763 |
|
|
— |
|
|
(781 |
) |
|
— |
|
|
13,982 |
|
Intercompany (income) expense, net |
(11,294 |
) |
|
(2,732 |
) |
|
14,026 |
|
|
— |
|
|
— |
|
Other expense, net |
603 |
|
|
31 |
|
|
221 |
|
|
— |
|
|
855 |
|
Earnings (loss) before income taxes |
5,299 |
|
|
(45,104 |
) |
|
(121,776 |
) |
|
— |
|
|
(161,581 |
) |
Income tax expense (benefit) |
(1,057 |
) |
|
305 |
|
|
(17,087 |
) |
|
— |
|
|
(17,839 |
) |
Net earnings (loss) before equity in loss of subsidiaries |
6,356 |
|
|
(45,409 |
) |
|
(104,689 |
) |
|
— |
|
|
(143,742 |
) |
Equity in loss of subsidiaries |
(150,098 |
) |
|
(89,755 |
) |
|
(3 |
) |
|
239,856 |
|
|
— |
|
Net loss |
$ |
(143,742 |
) |
|
$ |
(135,164 |
) |
|
$ |
(104,692 |
) |
|
$ |
239,856 |
|
|
$ |
(143,742 |
) |
Comprehensive loss |
$ |
(178,827 |
) |
|
$ |
(164,011 |
) |
|
$ |
(111,313 |
) |
|
$ |
275,324 |
|
|
$ |
(178,827 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
79,601 |
|
|
$ |
148,266 |
|
|
$ |
400,903 |
|
|
$ |
— |
|
|
$ |
628,770 |
|
Cost of products sold |
22,043 |
|
|
105,440 |
|
|
264,550 |
|
|
— |
|
|
392,033 |
|
Gross profit |
57,558 |
|
|
42,826 |
|
|
136,353 |
|
|
— |
|
|
236,737 |
|
Selling, administrative and engineering expenses |
35,502 |
|
|
33,834 |
|
|
88,904 |
|
|
— |
|
|
158,240 |
|
Amortization of intangible assets |
636 |
|
|
5,570 |
|
|
6,167 |
|
|
— |
|
|
12,373 |
|
Impairment charges |
— |
|
|
20,249 |
|
|
64,104 |
|
|
— |
|
|
84,353 |
|
Operating profit (loss) |
21,420 |
|
|
(16,827 |
) |
|
(22,822 |
) |
|
— |
|
|
(18,229 |
) |
Financing costs, net |
13,814 |
|
|
— |
|
|
(593 |
) |
|
— |
|
|
13,221 |
|
Intercompany expense (income), net |
(10,830 |
) |
|
2,083 |
|
|
8,747 |
|
|
— |
|
|
— |
|
Intercompany dividend income |
(212 |
) |
|
(243 |
) |
|
(31 |
) |
|
486 |
|
|
— |
|
Other expense (income), net |
219 |
|
|
(160 |
) |
|
(1,117 |
) |
|
— |
|
|
(1,058 |
) |
Earnings before income taxes |
18,429 |
|
|
(18,507 |
) |
|
(29,828 |
) |
|
(486 |
) |
|
(30,392 |
) |
Income tax expense |
3,824 |
|
|
499 |
|
|
5,533 |
|
|
(84 |
) |
|
9,772 |
|
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
14,605 |
|
|
(19,006 |
) |
|
(35,361 |
) |
|
(402 |
) |
|
(40,164 |
) |
Equity in earnings (loss) of subsidiaries |
(54,769 |
) |
|
(14,430 |
) |
|
517 |
|
|
68,682 |
|
|
— |
|
Net loss |
$ |
(40,164 |
) |
|
$ |
(33,436 |
) |
|
$ |
(34,844 |
) |
|
$ |
68,280 |
|
|
$ |
(40,164 |
) |
Comprehensive loss |
$ |
(159,875 |
) |
|
$ |
(71,847 |
) |
|
$ |
(88,657 |
) |
|
$ |
160,504 |
|
|
$ |
(159,875 |
) |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
6,553 |
|
|
$ |
— |
|
|
$ |
148,118 |
|
|
$ |
— |
|
|
$ |
154,671 |
|
Accounts receivable, net |
13,081 |
|
|
32,039 |
|
|
136,215 |
|
|
— |
|
|
181,335 |
|
Inventories, net |
24,689 |
|
|
31,557 |
|
|
91,125 |
|
|
— |
|
|
147,371 |
|
Other current assets |
14,389 |
|
|
2,683 |
|
|
37,834 |
|
|
— |
|
|
54,906 |
|
Total current assets |
58,712 |
|
|
66,279 |
|
|
413,292 |
|
|
— |
|
|
538,283 |
|
Property, plant and equipment, net |
5,363 |
|
|
19,647 |
|
|
85,857 |
|
|
— |
|
|
110,867 |
|
Goodwill |
38,847 |
|
|
143,690 |
|
|
303,816 |
|
|
— |
|
|
486,353 |
|
Other intangibles, net |
10,065 |
|
|
101,041 |
|
|
139,429 |
|
|
— |
|
|
250,535 |
|
Investment in subsidiaries |
1,886,769 |
|
|
900,034 |
|
|
24,363 |
|
|
(2,811,166 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
604,822 |
|
|
571,847 |
|
|
(1,176,669 |
) |
|
— |
|
Other long-term assets |
9,968 |
|
|
— |
|
|
14,998 |
|
|
— |
|
|
24,966 |
|
Total assets |
$ |
2,009,724 |
|
|
$ |
1,835,513 |
|
|
$ |
1,553,602 |
|
|
$ |
(3,987,835 |
) |
|
$ |
1,411,004 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
13,585 |
|
|
$ |
15,371 |
|
|
$ |
82,594 |
|
|
$ |
— |
|
|
$ |
111,550 |
|
Accrued compensation and benefits |
13,513 |
|
|
3,665 |
|
|
23,729 |
|
|
— |
|
|
40,907 |
|
Current maturities of debt and short-term borrowings |
11,250 |
|
|
— |
|
|
— |
|
|
— |
|
|
11,250 |
|
Income taxes payable |
— |
|
|
— |
|
|
5,136 |
|
|
— |
|
|
5,136 |
|
Other current liabilities |
18,955 |
|
|
5,213 |
|
|
28,599 |
|
|
— |
|
|
52,767 |
|
Total current liabilities |
57,303 |
|
|
24,249 |
|
|
140,058 |
|
|
— |
|
|
221,610 |
|
Long-term debt, less current maturities |
576,809 |
|
|
— |
|
|
— |
|
|
— |
|
|
576,809 |
|
Deferred income taxes |
35,157 |
|
|
— |
|
|
17,457 |
|
|
— |
|
|
52,614 |
|
Pension and postretirement benefit liabilities |
11,016 |
|
|
— |
|
|
5,300 |
|
|
— |
|
|
16,316 |
|
Other long-term liabilities |
47,004 |
|
|
1,028 |
|
|
8,091 |
|
|
— |
|
|
56,123 |
|
Intercompany payable |
794,903 |
|
|
— |
|
|
381,766 |
|
|
(1,176,669 |
) |
|
— |
|
Shareholders’ equity |
487,532 |
|
|
1,810,236 |
|
|
1,000,930 |
|
|
(2,811,166 |
) |
|
487,532 |
|
Total liabilities and shareholders’ equity |
$ |
2,009,724 |
|
|
$ |
1,835,513 |
|
|
$ |
1,553,602 |
|
|
$ |
(3,987,835 |
) |
|
$ |
1,411,004 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
18,688 |
|
|
$ |
523 |
|
|
$ |
149,635 |
|
|
$ |
— |
|
|
$ |
168,846 |
|
Accounts receivable, net |
16,135 |
|
|
33,748 |
|
|
143,198 |
|
|
— |
|
|
193,081 |
|
Inventories, net |
23,074 |
|
|
33,480 |
|
|
86,198 |
|
|
— |
|
|
142,752 |
|
Deferred income taxes |
9,256 |
|
|
— |
|
|
3,666 |
|
|
— |
|
|
12,922 |
|
Other current assets |
18,020 |
|
|
2,967 |
|
|
21,801 |
|
|
— |
|
|
42,788 |
|
Total current assets |
85,173 |
|
|
70,718 |
|
|
404,498 |
|
|
— |
|
|
560,389 |
|
Property, plant and equipment, net |
6,363 |
|
|
23,691 |
|
|
112,404 |
|
|
— |
|
|
142,458 |
|
Goodwill |
38,847 |
|
|
189,337 |
|
|
380,072 |
|
|
— |
|
|
608,256 |
|
Other intangibles, net |
10,702 |
|
|
109,665 |
|
|
188,395 |
|
|
— |
|
|
308,762 |
|
Investment in subsidiaries |
2,067,438 |
|
|
1,017,418 |
|
|
27,552 |
|
|
(3,112,408 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
619,198 |
|
|
565,968 |
|
|
(1,185,166 |
) |
|
— |
|
Other long-term assets |
10,694 |
|
|
— |
|
|
6,358 |
|
|
— |
|
|
17,052 |
|
Total assets |
$ |
2,219,217 |
|
|
$ |
2,030,027 |
|
|
$ |
1,685,247 |
|
|
$ |
(4,297,574 |
) |
|
$ |
1,636,917 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
14,700 |
|
|
$ |
19,213 |
|
|
$ |
84,202 |
|
|
$ |
— |
|
|
$ |
118,115 |
|
Accrued compensation and benefits |
16,479 |
|
|
2,952 |
|
|
24,276 |
|
|
— |
|
|
43,707 |
|
Current maturities of debt and short-term borrowings |
3,750 |
|
|
— |
|
|
219 |
|
|
— |
|
|
3,969 |
|
Income taxes payable |
10,947 |
|
|
— |
|
|
3,858 |
|
|
— |
|
|
14,805 |
|
Other current liabilities |
19,817 |
|
|
4,783 |
|
|
29,860 |
|
|
— |
|
|
54,460 |
|
Total current liabilities |
65,693 |
|
|
26,948 |
|
|
142,415 |
|
|
— |
|
|
235,056 |
|
Long-term debt, less current maturities |
584,309 |
|
|
— |
|
|
— |
|
|
— |
|
|
584,309 |
|
Deferred income taxes |
43,210 |
|
|
— |
|
|
29,731 |
|
|
— |
|
|
72,941 |
|
Pension and postretirement benefit liabilities |
11,712 |
|
|
— |
|
|
6,116 |
|
|
— |
|
|
17,828 |
|
Other long-term liabilities |
46,407 |
|
|
400 |
|
|
6,975 |
|
|
— |
|
|
53,782 |
|
Intercompany payable |
794,885 |
|
|
— |
|
|
390,281 |
|
|
(1,185,166 |
) |
|
— |
|
Shareholders’ equity |
673,001 |
|
|
2,002,679 |
|
|
1,109,729 |
|
|
(3,112,408 |
) |
|
673,001 |
|
Total liabilities and shareholders’ equity |
$ |
2,219,217 |
|
|
$ |
2,030,027 |
|
|
$ |
1,685,247 |
|
|
$ |
(4,297,574 |
) |
|
$ |
1,636,917 |
|
|
| Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Cash provided by (used in) operating activities |
$ |
(1,458 |
) |
|
$ |
(1,222 |
) |
|
$ |
31,543 |
|
|
$ |
— |
|
|
$ |
28,863 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Proceeds from sale of property, plant and equipment |
13 |
|
|
2,568 |
|
|
2,055 |
|
|
— |
|
|
4,636 |
|
Capital expenditures |
(339 |
) |
|
(1,869 |
) |
|
(8,796 |
) |
|
— |
|
|
(11,004 |
) |
Business acquisitions, net of cash acquired |
— |
|
|
— |
|
|
(15,026 |
) |
|
— |
|
|
(15,026 |
) |
Cash (used in) provided by investing activities |
(326 |
) |
|
699 |
|
|
(21,767 |
) |
|
— |
|
|
(21,394 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Net repayments on revolver and other debt |
— |
|
|
— |
|
|
(210 |
) |
|
— |
|
|
(210 |
) |
Purchase of treasury shares |
(9,352 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9,352 |
) |
Taxes paid related to the net share settlement of equity awards |
(1,332 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,332 |
) |
Stock option exercises, related tax benefits and other |
2,245 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,245 |
|
Cash dividend |
(2,376 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,376 |
) |
Intercompany loan activity |
464 |
|
|
— |
|
|
(464 |
) |
|
— |
|
|
— |
|
Cash used in financing activities |
(10,351 |
) |
|
— |
|
|
(674 |
) |
|
— |
|
|
(11,025 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(10,619 |
) |
|
— |
|
|
(10,619 |
) |
Net decrease in cash and cash equivalents |
(12,135 |
) |
|
(523 |
) |
|
(1,517 |
) |
|
— |
|
|
(14,175 |
) |
Cash and cash equivalents—beginning of period |
18,688 |
|
|
523 |
|
|
149,635 |
|
|
— |
|
|
168,846 |
|
Cash and cash equivalents—end of period |
$ |
6,553 |
|
|
$ |
— |
|
|
$ |
148,118 |
|
|
$ |
— |
|
|
$ |
154,671 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
20,360 |
|
|
$ |
(41,149 |
) |
|
$ |
23,940 |
|
|
$ |
— |
|
|
$ |
3,151 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(519 |
) |
|
(2,447 |
) |
|
(9,911 |
) |
|
— |
|
|
(12,877 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
198 |
|
|
509 |
|
|
— |
|
|
707 |
|
Intercompany investment |
(1,117 |
) |
|
— |
|
|
— |
|
|
1,117 |
|
|
— |
|
Cash used in investing activities |
(1,636 |
) |
|
(2,249 |
) |
|
(9,402 |
) |
|
1,117 |
|
|
(12,170 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Net borrowing on revolver and other debt |
199,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
199,000 |
|
Principal repayments on term loan |
(2,250 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,250 |
) |
Purchase of treasury shares |
(180,512 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(180,512 |
) |
Taxes paid related to the net share settlement of equity awards |
(2,325 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,325 |
) |
Stock option exercises, related tax benefits and other |
4,753 |
|
|
— |
|
|
— |
|
|
— |
|
|
4,753 |
|
Cash dividend |
(2,598 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,598 |
) |
Intercompany loan activity |
(57,169 |
) |
|
42,010 |
|
|
15,159 |
|
|
— |
|
|
— |
|
Intercompany capital contribution |
— |
|
|
— |
|
|
1,117 |
|
|
(1,117 |
) |
|
— |
|
Cash (used in) provided by financing activities |
(41,101 |
) |
|
42,010 |
|
|
16,276 |
|
|
(1,117 |
) |
|
16,068 |
|
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(28,564 |
) |
|
— |
|
|
(28,564 |
) |
Net (decrease) increase in cash and cash equivalents |
(22,377 |
) |
|
(1,388 |
) |
|
2,250 |
|
|
— |
|
|
(21,515 |
) |
Cash and cash equivalents—beginning of period |
27,931 |
|
|
3,325 |
|
|
77,756 |
|
|
— |
|
|
109,012 |
|
Cash and cash equivalents—end of period |
$ |
5,554 |
|
|
$ |
1,937 |
|
|
$ |
80,006 |
|
|
$ |
— |
|
|
$ |
87,497 |
|
|