Guarantor Subsidiaries (Tables)
|
9 Months Ended |
May 31, 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 EARNINGS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
33,610 |
|
|
$ |
62,534 |
|
|
$ |
209,197 |
|
|
$ |
— |
|
|
$ |
305,341 |
|
Cost of products sold |
6,603 |
|
|
43,381 |
|
|
147,831 |
|
|
— |
|
|
197,815 |
|
Gross profit |
27,007 |
|
|
19,153 |
|
|
61,366 |
|
|
— |
|
|
107,526 |
|
Selling, administrative and engineering expenses |
17,172 |
|
|
13,606 |
|
|
39,342 |
|
|
— |
|
|
70,120 |
|
Amortization of intangible assets |
318 |
|
|
2,630 |
|
|
2,619 |
|
|
— |
|
|
5,567 |
|
Restructuring charges |
100 |
|
|
197 |
|
|
3,199 |
|
|
— |
|
|
3,496 |
|
Operating profit |
9,417 |
|
|
2,720 |
|
|
16,206 |
|
|
— |
|
|
28,343 |
|
Financing costs, net |
7,601 |
|
|
— |
|
|
(348 |
) |
|
— |
|
|
7,253 |
|
Intercompany (income) expense, net |
(4,990 |
) |
|
1,254 |
|
|
3,736 |
|
|
— |
|
|
— |
|
Other expense, net |
199 |
|
|
13 |
|
|
539 |
|
|
— |
|
|
751 |
|
Earnings before income taxes |
6,607 |
|
|
1,453 |
|
|
12,279 |
|
|
— |
|
|
20,339 |
|
Income tax expense (benefit) |
(929 |
) |
|
115 |
|
|
(13 |
) |
|
— |
|
|
(827 |
) |
Net earnings before equity in earnings of subsidiaries |
7,536 |
|
|
1,338 |
|
|
12,292 |
|
|
— |
|
|
21,166 |
|
Equity in earnings of subsidiaries |
13,630 |
|
|
10,382 |
|
|
239 |
|
|
(24,251 |
) |
|
— |
|
Net earnings |
$ |
21,166 |
|
|
$ |
11,720 |
|
|
$ |
12,531 |
|
|
$ |
(24,251 |
) |
|
$ |
21,166 |
|
Comprehensive income |
$ |
36,488 |
|
|
$ |
25,205 |
|
|
$ |
14,148 |
|
|
$ |
(39,353 |
) |
|
$ |
36,488 |
|
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
40,011 |
|
|
$ |
58,896 |
|
|
$ |
221,193 |
|
|
$ |
— |
|
|
$ |
320,100 |
|
Cost of products sold |
11,749 |
|
|
40,360 |
|
|
149,431 |
|
|
— |
|
|
201,540 |
|
Gross profit |
28,262 |
|
|
18,536 |
|
|
71,762 |
|
|
— |
|
|
118,560 |
|
Selling, administrative and engineering expenses |
16,560 |
|
|
11,228 |
|
|
41,781 |
|
|
— |
|
|
69,569 |
|
Amortization of intangible assets |
318 |
|
|
2,394 |
|
|
3,277 |
|
|
— |
|
|
5,989 |
|
Operating profit |
11,384 |
|
|
4,914 |
|
|
26,704 |
|
|
— |
|
|
43,002 |
|
Financing costs, net |
7,769 |
|
|
— |
|
|
(307 |
) |
|
— |
|
|
7,462 |
|
Intercompany (income) expense, net |
(3,559 |
) |
|
(1,187 |
) |
|
4,746 |
|
|
— |
|
|
— |
|
Other expense, net |
123 |
|
|
27 |
|
|
419 |
|
|
— |
|
|
569 |
|
Earnings before income taxes |
7,051 |
|
|
6,074 |
|
|
21,846 |
|
|
— |
|
|
34,971 |
|
Income tax expense (benefit) |
(11,957 |
) |
|
914 |
|
|
8,056 |
|
|
— |
|
|
(2,987 |
) |
Net earnings before equity in earnings (loss) of subsidiaries |
19,008 |
|
|
5,160 |
|
|
13,790 |
|
|
— |
|
|
37,958 |
|
Equity in earnings (loss) of subsidiaries |
18,950 |
|
|
12,757 |
|
|
(340 |
) |
|
(31,367 |
) |
|
— |
|
Net earnings |
$ |
37,958 |
|
|
$ |
17,917 |
|
|
$ |
13,450 |
|
|
$ |
(31,367 |
) |
|
$ |
37,958 |
|
Comprehensive income |
$ |
27,259 |
|
|
$ |
13,244 |
|
|
$ |
7,930 |
|
|
$ |
(21,174 |
) |
|
$ |
27,259 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
100,699 |
|
|
$ |
188,333 |
|
|
$ |
584,609 |
|
|
$ |
— |
|
|
$ |
873,641 |
|
Cost of products sold |
25,851 |
|
|
132,711 |
|
|
407,962 |
|
|
— |
|
|
566,524 |
|
Gross profit |
74,848 |
|
|
55,622 |
|
|
176,647 |
|
|
— |
|
|
307,117 |
|
Selling, administrative and engineering expenses |
54,049 |
|
|
41,113 |
|
|
115,040 |
|
|
— |
|
|
210,202 |
|
Amortization of intangible assets |
954 |
|
|
7,890 |
|
|
8,503 |
|
|
— |
|
|
17,347 |
|
Restructuring charges |
1,057 |
|
|
2,692 |
|
|
7,709 |
|
|
— |
|
|
11,458 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
18,788 |
|
|
(45,085 |
) |
|
(92,104 |
) |
|
— |
|
|
(118,401 |
) |
Financing costs, net |
22,364 |
|
|
— |
|
|
(1,128 |
) |
|
— |
|
|
21,236 |
|
Intercompany (income) expense, net |
(16,284 |
) |
|
(1,478 |
) |
|
17,762 |
|
|
— |
|
|
— |
|
Other expense, net |
802 |
|
|
44 |
|
|
759 |
|
|
— |
|
|
1,605 |
|
Earnings (loss) before income taxes |
11,906 |
|
|
(43,651 |
) |
|
(109,497 |
) |
|
— |
|
|
(141,242 |
) |
Income tax expense (benefit) |
(1,986 |
) |
|
420 |
|
|
(17,100 |
) |
|
— |
|
|
(18,666 |
) |
Net earnings (loss) before equity in loss of subsidiaries |
13,892 |
|
|
(44,071 |
) |
|
(92,397 |
) |
|
— |
|
|
(122,576 |
) |
Equity in earnings (loss) of subsidiaries |
(136,468 |
) |
|
(79,373 |
) |
|
236 |
|
|
215,605 |
|
|
— |
|
Net loss |
$ |
(122,576 |
) |
|
$ |
(123,444 |
) |
|
$ |
(92,161 |
) |
|
$ |
215,605 |
|
|
$ |
(122,576 |
) |
Comprehensive loss |
$ |
(142,339 |
) |
|
$ |
(138,806 |
) |
|
$ |
(97,165 |
) |
|
$ |
235,971 |
|
|
$ |
(142,339 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
119,612 |
|
|
$ |
207,162 |
|
|
$ |
622,096 |
|
|
$ |
— |
|
|
$ |
948,870 |
|
Cost of products sold |
33,792 |
|
|
145,800 |
|
|
413,981 |
|
|
— |
|
|
593,573 |
|
Gross profit |
85,820 |
|
|
61,362 |
|
|
208,115 |
|
|
— |
|
|
355,297 |
|
Selling, administrative and engineering expenses |
52,062 |
|
|
45,062 |
|
|
130,685 |
|
|
— |
|
|
227,809 |
|
Amortization of intangible assets |
954 |
|
|
7,964 |
|
|
9,444 |
|
|
— |
|
|
18,362 |
|
Impairment charges |
— |
|
|
20,249 |
|
|
64,104 |
|
|
— |
|
|
84,353 |
|
Operating profit (loss) |
32,804 |
|
|
(11,913 |
) |
|
3,882 |
|
|
— |
|
|
24,773 |
|
Financing costs, net |
21,583 |
|
|
— |
|
|
(900 |
) |
|
— |
|
|
20,683 |
|
Intercompany expense (income), net |
(14,389 |
) |
|
896 |
|
|
13,493 |
|
|
— |
|
|
— |
|
Intercompany dividend income |
(212 |
) |
|
(243 |
) |
|
(31 |
) |
|
486 |
|
|
— |
|
Other expense (income), net |
342 |
|
|
(133 |
) |
|
(698 |
) |
|
— |
|
|
(489 |
) |
Earnings (loss) before income taxes |
25,480 |
|
|
(12,433 |
) |
|
(7,982 |
) |
|
(486 |
) |
|
4,579 |
|
Income tax expense (benefit) |
(8,133 |
) |
|
1,413 |
|
|
13,589 |
|
|
(84 |
) |
|
6,785 |
|
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
33,613 |
|
|
(13,846 |
) |
|
(21,571 |
) |
|
(402 |
) |
|
(2,206 |
) |
Equity in earnings (loss) of subsidiaries |
(35,819 |
) |
|
(1,673 |
) |
|
177 |
|
|
37,315 |
|
|
— |
|
Net loss |
$ |
(2,206 |
) |
|
$ |
(15,519 |
) |
|
$ |
(21,394 |
) |
|
$ |
36,913 |
|
|
$ |
(2,206 |
) |
Comprehensive loss |
$ |
(132,616 |
) |
|
$ |
(58,603 |
) |
|
$ |
(80,728 |
) |
|
$ |
139,331 |
|
|
$ |
(132,616 |
) |
|
| Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
8,199 |
|
|
$ |
— |
|
|
$ |
128,890 |
|
|
$ |
— |
|
|
$ |
137,089 |
|
Accounts receivable, net |
13,367 |
|
|
33,889 |
|
|
152,846 |
|
|
— |
|
|
200,102 |
|
Inventories, net |
22,416 |
|
|
29,748 |
|
|
86,292 |
|
|
— |
|
|
138,456 |
|
Other current assets |
13,268 |
|
|
3,187 |
|
|
43,631 |
|
|
— |
|
|
60,086 |
|
Total current assets |
57,250 |
|
|
66,824 |
|
|
411,659 |
|
|
— |
|
|
535,733 |
|
Property, plant and equipment, net |
5,641 |
|
|
19,080 |
|
|
93,507 |
|
|
— |
|
|
118,228 |
|
Goodwill |
38,847 |
|
|
143,690 |
|
|
346,884 |
|
|
— |
|
|
529,421 |
|
Other intangibles, net |
9,747 |
|
|
98,411 |
|
|
147,763 |
|
|
— |
|
|
255,921 |
|
Investment in subsidiaries |
1,915,828 |
|
|
899,892 |
|
|
87,193 |
|
|
(2,902,913 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
617,942 |
|
|
556,837 |
|
|
(1,174,779 |
) |
|
— |
|
Other long-term assets |
9,877 |
|
|
7 |
|
|
18,233 |
|
|
— |
|
|
28,117 |
|
Total assets |
$ |
2,037,190 |
|
|
$ |
1,845,846 |
|
|
$ |
1,662,076 |
|
|
$ |
(4,077,692 |
) |
|
$ |
1,467,420 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
14,085 |
|
|
$ |
16,096 |
|
|
$ |
89,919 |
|
|
$ |
— |
|
|
$ |
120,100 |
|
Accrued compensation and benefits |
15,801 |
|
|
4,671 |
|
|
26,960 |
|
|
— |
|
|
47,432 |
|
Current maturities of debt and short-term borrowings |
15,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
15,000 |
|
Income taxes payable |
— |
|
|
— |
|
|
1,249 |
|
|
— |
|
|
1,249 |
|
Other current liabilities |
23,187 |
|
|
4,937 |
|
|
30,756 |
|
|
— |
|
|
58,880 |
|
Total current liabilities |
68,073 |
|
|
25,704 |
|
|
148,884 |
|
|
— |
|
|
242,661 |
|
Long-term debt, less current maturities |
573,059 |
|
|
— |
|
|
— |
|
|
— |
|
|
573,059 |
|
Deferred income taxes |
34,641 |
|
|
— |
|
|
20,891 |
|
|
— |
|
|
55,532 |
|
Pension and postretirement benefit liabilities |
10,228 |
|
|
— |
|
|
5,461 |
|
|
— |
|
|
15,689 |
|
Other long-term liabilities |
47,083 |
|
|
593 |
|
|
8,954 |
|
|
— |
|
|
56,630 |
|
Intercompany payable |
780,257 |
|
|
— |
|
|
394,522 |
|
|
(1,174,779 |
) |
|
— |
|
Shareholders’ equity |
523,849 |
|
|
1,819,549 |
|
|
1,083,364 |
|
|
(2,902,913 |
) |
|
523,849 |
|
Total liabilities and shareholders’ equity |
$ |
2,037,190 |
|
|
$ |
1,845,846 |
|
|
$ |
1,662,076 |
|
|
$ |
(4,077,692 |
) |
|
$ |
1,467,420 |
|
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Cash provided by operating activities |
$ |
15,329 |
|
|
$ |
5,017 |
|
|
$ |
54,645 |
|
|
$ |
— |
|
|
$ |
74,991 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Proceeds from sale of property, plant and equipment |
13 |
|
|
3,337 |
|
|
5,285 |
|
|
— |
|
|
8,635 |
|
Capital expenditures |
(1,237 |
) |
|
(3,091 |
) |
|
(11,295 |
) |
|
— |
|
|
(15,623 |
) |
Intercompany investment |
(339 |
) |
|
(6,125 |
) |
|
— |
|
|
6,464 |
|
|
— |
|
Business acquisitions, net of cash acquired |
— |
|
|
— |
|
|
(80,674 |
) |
|
— |
|
|
(80,674 |
) |
Cash used in by investing activities |
(1,563 |
) |
|
(5,879 |
) |
|
(86,684 |
) |
|
6,464 |
|
|
(87,662 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Net repayments on revolver and other debt |
— |
|
|
— |
|
|
(210 |
) |
|
— |
|
|
(210 |
) |
Purchase of treasury shares |
(14,125 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(14,125 |
) |
Taxes paid related to the net share settlement of equity awards |
(1,344 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,344 |
) |
Stock option exercises, related tax benefits and other |
5,729 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,729 |
|
Cash dividend |
(2,376 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,376 |
) |
Intercompany loan activity |
(12,139 |
) |
|
— |
|
|
12,139 |
|
|
— |
|
|
— |
|
Intercompany capital contribution |
— |
|
|
339 |
|
|
6,125 |
|
|
(6,464 |
) |
|
— |
|
Cash (used in) provided by financing activities |
(24,255 |
) |
|
339 |
|
|
18,054 |
|
|
(6,464 |
) |
|
(12,326 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(6,760 |
) |
|
— |
|
|
(6,760 |
) |
Net decrease in cash and cash equivalents |
(10,489 |
) |
|
(523 |
) |
|
(20,745 |
) |
|
— |
|
|
(31,757 |
) |
Cash and cash equivalents—beginning of period |
18,688 |
|
|
523 |
|
|
149,635 |
|
|
— |
|
|
168,846 |
|
Cash and cash equivalents—end of period |
$ |
8,199 |
|
|
$ |
— |
|
|
$ |
128,890 |
|
|
$ |
— |
|
|
$ |
137,089 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2015 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities |
$ |
38,854 |
|
|
$ |
(39,865 |
) |
|
$ |
44,635 |
|
|
$ |
— |
|
|
$ |
43,624 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(880 |
) |
|
(3,495 |
) |
|
(12,859 |
) |
|
— |
|
|
(17,234 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
203 |
|
|
683 |
|
|
— |
|
|
886 |
|
Intercompany investment |
(1,117 |
) |
|
— |
|
|
— |
|
|
1,117 |
|
|
— |
|
Cash used in investing activities |
(1,997 |
) |
|
(3,292 |
) |
|
(12,176 |
) |
|
1,117 |
|
|
(16,348 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayment on term loan |
(3,375 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(3,375 |
) |
Proceeds from term loan |
213,375 |
|
|
— |
|
|
— |
|
|
— |
|
|
213,375 |
|
Purchase of treasury shares |
(204,627 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(204,627 |
) |
Taxes paid related to the net share settlement of equity awards |
(2,344 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,344 |
) |
Stock option exercises, related tax benefits and other |
5,046 |
|
|
— |
|
|
— |
|
|
— |
|
|
5,046 |
|
Debt issuance costs |
(1,875 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,875 |
) |
Cash dividend |
(2,598 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,598 |
) |
Intercompany loan activity |
(58,569 |
) |
|
40,796 |
|
|
17,773 |
|
|
— |
|
|
— |
|
Intercompany capital contribution |
— |
|
|
— |
|
|
1,117 |
|
|
(1,117 |
) |
|
— |
|
Cash (used in) provided by financing activities |
(54,967 |
) |
|
40,796 |
|
|
18,890 |
|
|
(1,117 |
) |
|
3,602 |
|
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(31,765 |
) |
|
— |
|
|
(31,765 |
) |
Net (decrease) increase in cash and cash equivalents |
(18,110 |
) |
|
(2,361 |
) |
|
19,584 |
|
|
— |
|
|
(887 |
) |
Cash and cash equivalents—beginning of period |
27,931 |
|
|
3,325 |
|
|
77,756 |
|
|
— |
|
|
109,012 |
|
Cash and cash equivalents—end of period |
$ |
9,821 |
|
|
$ |
964 |
|
|
$ |
97,340 |
|
|
$ |
— |
|
|
$ |
108,125 |
|
|