Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2014
Operating Activities      
Net earnings $ (105,174) $ 19,872 $ 163,573
Non-cash items:      
Asset Impairment Charges, Net of Tax 169,056 82,635 0
Depreciation and amortization 47,777 53,239 60,635
Stock-based compensation expense 10,442 12,046 17,115
Net gain on disposal of businesses (1,557) 0 (29,152)
Provision (benefit) for deferred income taxes (17,403) (12,221) 40
Amortization of debt discount and debt issuance costs 1,652 1,897 1,829
Other non-cash adjustments (517) 805 (168)
Changes in components of working capital and other:      
Accounts receivable 20,261 12,827 1,336
Inventories 10,202 6,608 (21,915)
Other assets (3,291) (8,761) 4,276
Trade accounts payable (7,727) (19,801) (19,832)
Income taxes payable (7,916) (11,629) (46,133)
Accrued compensation and benefits 3,912 (6,478) 12,725
Other accrued liabilities (2,020) 395 (18,149)
Cash provided by operating activities 117,697 131,434 126,180
Investing Activities      
Capital expenditures (20,209) (22,516) (41,857)
Proceeds from sale of property, plant and equipment 9,296 1,244 44,274
Proceeds from sale of businesses, net of transaction costs 9,695 0 289,590
Business acquisitions, net of cash acquired (81,916) 0 (30,500)
Cash (used in ) provided by investing activities (83,134) (21,272) 261,507
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (3,750)    
Redemption of 5.625% Senior Notes   (11,941)  
Payment of deferred acquisition consideration 0 0 (1,585)
Payments Related to Tax Withholding for Share-based Compensation (1,409) (2,466) (946)
Debt issuance costs 0 (2,025) 0
Purchase of treasury shares (17,101) (212,003) (283,712)
Stock Option Exercises Related Tax Benefits And Other 6,416 5,396 32,224
Cash dividend (2,376) (2,598) (2,919)
Cash (used in) provided by financing activities (18,430) (15,417) (381,938)
Effect of exchange rate changes on cash (5,375) (34,911) (723)
Net increase in cash and cash equivalents 10,758 59,834 5,026
Cash and cash equivalents - beginning of period 168,846 109,012 103,986
Cash and cash equivalents - end of period 179,604 168,846 109,012
Intercompany Loan Activity 0 0  
Senior Credit Facility | Senior Credit Facility - Revolver      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (210) 220 (125,000)
Senior Credit Facility | Senior Credit Facility - Term Loan      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (3,750) (3,375) 0
Proceeds from term loan 0 213,375 0
Senior Notes | 5.625% Senior Notes      
Financing Activities      
Redemption of 5.625% Senior Notes $ 0 $ (11,941) $ 0