Guarantor Subsidiaries (Tables)
|
6 Months Ended |
Feb. 28, 2017 |
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 INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 28, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
34,953 |
|
|
$ |
80,973 |
|
|
$ |
142,943 |
|
|
$ |
— |
|
|
$ |
258,869 |
|
Cost of products sold |
10,049 |
|
|
61,821 |
|
|
99,673 |
|
|
— |
|
|
171,543 |
|
Gross profit |
24,904 |
|
|
19,152 |
|
|
43,270 |
|
|
— |
|
|
87,326 |
|
Selling, administrative and engineering expenses |
18,553 |
|
|
16,549 |
|
|
31,855 |
|
|
— |
|
|
66,957 |
|
Amortization of intangible assets |
318 |
|
|
2,918 |
|
|
1,833 |
|
|
— |
|
|
5,069 |
|
Restructuring charges |
372 |
|
|
441 |
|
|
1,288 |
|
|
— |
|
|
2,101 |
|
Operating profit (loss) |
5,661 |
|
|
(756 |
) |
|
8,294 |
|
|
— |
|
|
13,199 |
|
Financing costs (income), net |
7,430 |
|
|
— |
|
|
(96 |
) |
|
— |
|
|
7,334 |
|
Intercompany (income) expense, net |
(7,882 |
) |
|
11,242 |
|
|
(3,360 |
) |
|
— |
|
|
— |
|
Intercompany dividends |
— |
|
|
(4,258 |
) |
|
— |
|
|
4,258 |
|
|
— |
|
Other (income) expense, net |
(48 |
) |
|
(4 |
) |
|
643 |
|
|
— |
|
|
591 |
|
Earnings (loss) before income taxes |
6,161 |
|
|
(7,736 |
) |
|
11,107 |
|
|
(4,258 |
) |
|
5,274 |
|
Income tax expense (benefit) |
151 |
|
|
(667 |
) |
|
716 |
|
|
— |
|
|
200 |
|
Net earnings (loss) before equity in (loss) earnings of subsidiaries |
6,010 |
|
|
(7,069 |
) |
|
10,391 |
|
|
(4,258 |
) |
|
5,074 |
|
Equity in earnings (loss) of subsidiaries |
(936 |
) |
|
8,057 |
|
|
(268 |
) |
|
(6,853 |
) |
|
— |
|
Net earnings |
$ |
5,074 |
|
|
$ |
988 |
|
|
$ |
10,123 |
|
|
$ |
(11,111 |
) |
|
$ |
5,074 |
|
Comprehensive income |
$ |
8,185 |
|
|
$ |
1,324 |
|
|
$ |
12,828 |
|
|
$ |
(14,152 |
) |
|
$ |
8,185 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
32,399 |
|
|
$ |
84,099 |
|
|
$ |
146,791 |
|
|
$ |
— |
|
|
$ |
263,289 |
|
Cost of products sold |
12,077 |
|
|
61,815 |
|
|
98,367 |
|
|
— |
|
|
172,259 |
|
Gross profit |
20,322 |
|
|
22,284 |
|
|
48,424 |
|
|
— |
|
|
91,030 |
|
Selling, administrative and engineering expenses |
17,117 |
|
|
17,309 |
|
|
32,746 |
|
|
— |
|
|
67,172 |
|
Amortization of intangible assets |
318 |
|
|
3,336 |
|
|
2,226 |
|
|
— |
|
|
5,880 |
|
Restructuring charges |
79 |
|
|
2,446 |
|
|
1,057 |
|
|
— |
|
|
3,582 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
2,808 |
|
|
(49,819 |
) |
|
(125,104 |
) |
|
— |
|
|
(172,115 |
) |
Financing costs (income), net |
7,308 |
|
|
— |
|
|
(442 |
) |
|
— |
|
|
6,866 |
|
Intercompany (income) expense, net |
(5,465 |
) |
|
(1,072 |
) |
|
6,537 |
|
|
— |
|
|
— |
|
Intercompany dividends |
— |
|
|
— |
|
|
(5,338 |
) |
|
5,338 |
|
|
— |
|
Other expense (income), net |
200 |
|
|
(28 |
) |
|
63 |
|
|
— |
|
|
235 |
|
Earnings (loss) before income taxes |
765 |
|
|
(48,719 |
) |
|
(125,924 |
) |
|
(5,338 |
) |
|
(179,216 |
) |
Income tax benefit |
(1,648 |
) |
|
(1,000 |
) |
|
(17,378 |
) |
|
— |
|
|
(20,026 |
) |
Net earnings (loss) before equity in (loss) earnings of subsidiaries |
2,413 |
|
|
(47,719 |
) |
|
(108,546 |
) |
|
(5,338 |
) |
|
(159,190 |
) |
Equity in (loss) earnings of subsidiaries |
(161,603 |
) |
|
(97,943 |
) |
|
229 |
|
|
259,317 |
|
|
— |
|
Net loss |
$ |
(159,190 |
) |
|
$ |
(145,662 |
) |
|
$ |
(108,317 |
) |
|
$ |
253,979 |
|
|
$ |
(159,190 |
) |
Comprehensive loss |
$ |
(173,341 |
) |
|
$ |
(162,285 |
) |
|
$ |
(106,174 |
) |
|
$ |
268,459 |
|
|
$ |
(173,341 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
66,682 |
|
|
$ |
165,249 |
|
|
$ |
292,731 |
|
|
$ |
— |
|
|
$ |
524,662 |
|
Cost of products sold |
17,143 |
|
|
123,237 |
|
|
203,889 |
|
|
— |
|
|
344,269 |
|
Gross profit |
49,539 |
|
|
42,012 |
|
|
88,842 |
|
|
— |
|
|
180,393 |
|
Selling, administrative and engineering expenses |
36,520 |
|
|
33,185 |
|
|
65,856 |
|
|
— |
|
|
135,561 |
|
Amortization of intangible assets |
636 |
|
|
5,994 |
|
|
3,700 |
|
|
— |
|
|
10,330 |
|
Restructuring charges |
727 |
|
|
1,164 |
|
|
3,157 |
|
|
— |
|
|
5,048 |
|
Director & officer transition charges |
7,784 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,784 |
|
Operating profit |
3,872 |
|
|
1,669 |
|
|
16,129 |
|
|
— |
|
|
21,670 |
|
Financing costs (income), net |
14,756 |
|
|
— |
|
|
(289 |
) |
|
— |
|
|
14,467 |
|
Intercompany (income) expense, net |
(12,950 |
) |
|
10,156 |
|
|
2,794 |
|
|
— |
|
|
— |
|
Intercompany dividends |
— |
|
|
(59,401 |
) |
|
— |
|
|
59,401 |
|
|
— |
|
Other expense (income), net |
2,037 |
|
|
(74 |
) |
|
(2,001 |
) |
|
— |
|
|
(38 |
) |
Earnings before income taxes |
29 |
|
|
50,988 |
|
|
15,625 |
|
|
(59,401 |
) |
|
7,241 |
|
Income tax (benefit) expense |
(2,563 |
) |
|
(697 |
) |
|
462 |
|
|
— |
|
|
(2,798 |
) |
Net earnings before equity in earnings of subsidiaries |
2,592 |
|
|
51,685 |
|
|
15,163 |
|
|
(59,401 |
) |
|
10,039 |
|
Equity in earnings of subsidiaries |
7,447 |
|
|
13,682 |
|
|
2,862 |
|
|
(23,991 |
) |
|
— |
|
Net earnings |
$ |
10,039 |
|
|
$ |
65,367 |
|
|
$ |
18,025 |
|
|
$ |
(83,392 |
) |
|
$ |
10,039 |
|
Comprehensive (loss) income |
$ |
(12,972 |
) |
|
$ |
47,616 |
|
|
$ |
13,459 |
|
|
$ |
(61,075 |
) |
|
$ |
(12,972 |
) |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
67,089 |
|
|
$ |
185,040 |
|
|
$ |
316,171 |
|
|
$ |
— |
|
|
$ |
568,300 |
|
Cost of products sold |
19,248 |
|
|
134,153 |
|
|
215,308 |
|
|
— |
|
|
368,709 |
|
Gross profit |
47,841 |
|
|
50,887 |
|
|
100,863 |
|
|
— |
|
|
199,591 |
|
Selling, administrative and engineering expenses |
36,877 |
|
|
35,839 |
|
|
67,367 |
|
|
— |
|
|
140,083 |
|
Amortization of intangible assets |
636 |
|
|
6,644 |
|
|
4,499 |
|
|
— |
|
|
11,779 |
|
Restructuring charges |
957 |
|
|
2,568 |
|
|
4,437 |
|
|
— |
|
|
7,962 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
9,371 |
|
|
(43,176 |
) |
|
(112,939 |
) |
|
— |
|
|
(146,744 |
) |
Financing costs (income), net |
14,763 |
|
|
— |
|
|
(781 |
) |
|
— |
|
|
13,982 |
|
Intercompany (income) expense, net |
(11,294 |
) |
|
(6,897 |
) |
|
18,191 |
|
|
— |
|
|
— |
|
Intercompany dividends |
— |
|
|
— |
|
|
(5,338 |
) |
|
5,338 |
|
|
— |
|
Other expense, net |
603 |
|
|
31 |
|
|
221 |
|
|
— |
|
|
855 |
|
Earnings (loss) before income taxes |
5,299 |
|
|
(36,310 |
) |
|
(125,232 |
) |
|
(5,338 |
) |
|
(161,581 |
) |
Income tax (benefit) expense |
(1,057 |
) |
|
657 |
|
|
(17,439 |
) |
|
— |
|
|
(17,839 |
) |
Net earnings (loss) before equity in earnings (loss) of subsidiaries |
6,356 |
|
|
(36,967 |
) |
|
(107,793 |
) |
|
(5,338 |
) |
|
(143,742 |
) |
Equity in (loss) earnings of subsidiaries |
(150,098 |
) |
|
(95,069 |
) |
|
2,087 |
|
|
243,080 |
|
|
— |
|
Net loss |
$ |
(143,742 |
) |
|
$ |
(132,036 |
) |
|
$ |
(105,706 |
) |
|
$ |
237,742 |
|
|
$ |
(143,742 |
) |
Comprehensive loss |
$ |
(178,827 |
) |
|
$ |
(160,882 |
) |
|
$ |
(112,155 |
) |
|
$ |
273,037 |
|
|
$ |
(178,827 |
) |
|
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
February 28, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
6,509 |
|
|
$ |
— |
|
|
$ |
165,381 |
|
|
$ |
— |
|
|
$ |
171,890 |
|
Accounts receivable, net |
16,364 |
|
|
48,848 |
|
|
136,702 |
|
|
— |
|
|
201,914 |
|
Inventories, net |
20,486 |
|
|
43,861 |
|
|
63,226 |
|
|
— |
|
|
127,573 |
|
Other current assets |
8,666 |
|
|
3,540 |
|
|
41,778 |
|
|
— |
|
|
53,984 |
|
Total current assets |
52,025 |
|
|
96,249 |
|
|
407,087 |
|
|
— |
|
|
555,361 |
|
Property, plant and equipment, net |
6,801 |
|
|
26,357 |
|
|
82,034 |
|
|
— |
|
|
115,192 |
|
Goodwill |
38,847 |
|
|
200,498 |
|
|
269,733 |
|
|
— |
|
|
509,078 |
|
Other intangibles, net |
8,793 |
|
|
143,763 |
|
|
73,003 |
|
|
— |
|
|
225,559 |
|
Investment in subsidiaries |
1,893,280 |
|
|
1,402,022 |
|
|
531,353 |
|
|
(3,826,655 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
700,169 |
|
|
191,146 |
|
|
(891,315 |
) |
|
— |
|
Other long-term assets |
5,430 |
|
|
10 |
|
|
16,404 |
|
|
— |
|
|
21,844 |
|
Total assets |
$ |
2,005,176 |
|
|
$ |
2,569,068 |
|
|
$ |
1,570,760 |
|
|
$ |
(4,717,970 |
) |
|
$ |
1,427,034 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
12,838 |
|
|
$ |
22,627 |
|
|
$ |
89,484 |
|
|
$ |
— |
|
|
$ |
124,949 |
|
Accrued compensation and benefits |
15,032 |
|
|
4,886 |
|
|
22,445 |
|
|
— |
|
|
42,363 |
|
Current maturities of debt and short-term borrowings |
26,250 |
|
|
— |
|
|
— |
|
|
— |
|
|
26,250 |
|
Income taxes payable |
1,113 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,113 |
|
Other current liabilities |
16,710 |
|
|
5,038 |
|
|
27,481 |
|
|
— |
|
|
49,229 |
|
Total current liabilities |
71,943 |
|
|
32,551 |
|
|
139,410 |
|
|
— |
|
|
243,904 |
|
Long-term debt, net |
547,058 |
|
|
— |
|
|
— |
|
|
— |
|
|
547,058 |
|
Deferred income taxes |
21,503 |
|
|
— |
|
|
9,534 |
|
|
— |
|
|
31,037 |
|
Pension and postretirement benefit liabilities |
15,863 |
|
|
— |
|
|
8,279 |
|
|
— |
|
|
24,142 |
|
Other long-term liabilities |
47,024 |
|
|
417 |
|
|
8,443 |
|
|
— |
|
|
55,884 |
|
Intercompany payable |
776,776 |
|
|
— |
|
|
114,539 |
|
|
(891,315 |
) |
|
— |
|
Shareholders’ equity |
525,009 |
|
|
2,536,100 |
|
|
1,290,555 |
|
|
(3,826,655 |
) |
|
525,009 |
|
Total liabilities and shareholders’ equity |
$ |
2,005,176 |
|
|
$ |
2,569,068 |
|
|
$ |
1,570,760 |
|
|
$ |
(4,717,970 |
) |
|
$ |
1,427,034 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
7,953 |
|
|
$ |
71 |
|
|
$ |
171,580 |
|
|
$ |
— |
|
|
$ |
179,604 |
|
Accounts receivable, net |
13,692 |
|
|
41,715 |
|
|
131,422 |
|
|
— |
|
|
186,829 |
|
Inventories, net |
19,897 |
|
|
44,283 |
|
|
66,576 |
|
|
— |
|
|
130,756 |
|
Other current assets |
7,754 |
|
|
3,858 |
|
|
33,851 |
|
|
— |
|
|
45,463 |
|
Total current assets |
49,296 |
|
|
89,927 |
|
|
403,429 |
|
|
— |
|
|
542,652 |
|
Property, plant and equipment, net |
5,927 |
|
|
23,511 |
|
|
84,577 |
|
|
— |
|
|
114,015 |
|
Goodwill |
38,847 |
|
|
200,499 |
|
|
279,930 |
|
|
— |
|
|
519,276 |
|
Other intangibles, net |
9,429 |
|
|
149,757 |
|
|
80,289 |
|
|
— |
|
|
239,475 |
|
Investment in subsidiaries |
1,915,367 |
|
|
578,423 |
|
|
465,736 |
|
|
(2,959,526 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
1,159,672 |
|
|
— |
|
|
(1,159,672 |
) |
|
— |
|
Other long-term assets |
5,702 |
|
|
10 |
|
|
17,530 |
|
|
— |
|
|
23,242 |
|
Total assets |
$ |
2,024,568 |
|
|
$ |
2,201,799 |
|
|
$ |
1,331,491 |
|
|
$ |
(4,119,198 |
) |
|
$ |
1,438,660 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
11,529 |
|
|
$ |
20,669 |
|
|
$ |
82,853 |
|
|
$ |
— |
|
|
$ |
115,051 |
|
Accrued compensation and benefits |
17,506 |
|
|
5,754 |
|
|
23,641 |
|
|
— |
|
|
46,901 |
|
Current maturities of debt and short-term borrowings |
18,750 |
|
|
— |
|
|
— |
|
|
— |
|
|
18,750 |
|
Income taxes payable |
1,886 |
|
|
— |
|
|
7,368 |
|
|
— |
|
|
9,254 |
|
Other current liabilities |
20,459 |
|
|
6,989 |
|
|
24,508 |
|
|
— |
|
|
51,956 |
|
Total current liabilities |
70,130 |
|
|
33,412 |
|
|
138,370 |
|
|
— |
|
|
241,912 |
|
Long-term debt, net |
561,681 |
|
|
— |
|
|
— |
|
|
— |
|
|
561,681 |
|
Deferred income taxes |
30,666 |
|
|
— |
|
|
690 |
|
|
— |
|
|
31,356 |
|
Pension and postretirement benefit liabilities |
16,803 |
|
|
— |
|
|
8,864 |
|
|
— |
|
|
25,667 |
|
Other long-term liabilities |
47,739 |
|
|
588 |
|
|
8,767 |
|
|
— |
|
|
57,094 |
|
Intercompany payable |
776,599 |
|
|
— |
|
|
383,073 |
|
|
(1,159,672 |
) |
|
— |
|
Shareholders’ equity |
520,950 |
|
|
2,167,799 |
|
|
791,727 |
|
|
(2,959,526 |
) |
|
520,950 |
|
Total liabilities and shareholders’ equity |
$ |
2,024,568 |
|
|
$ |
2,201,799 |
|
|
$ |
1,331,491 |
|
|
$ |
(4,119,198 |
) |
|
$ |
1,438,660 |
|
|
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
58,626 |
|
|
$ |
5,902 |
|
|
$ |
8,906 |
|
|
$ |
(59,401 |
) |
|
$ |
14,033 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(2,156 |
) |
|
(6,108 |
) |
|
(6,431 |
) |
|
— |
|
|
(14,695 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
135 |
|
|
109 |
|
|
— |
|
|
244 |
|
Cash used in investing activities |
(2,156 |
) |
|
(5,973 |
) |
|
(6,322 |
) |
|
— |
|
|
(14,451 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(7,500 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(7,500 |
) |
Taxes paid related to the net share settlement of equity awards |
(920 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(920 |
) |
Stock option exercises, related tax benefits and other |
6,598 |
|
|
— |
|
|
— |
|
|
— |
|
|
6,598 |
|
Cash dividend |
(2,358 |
) |
|
— |
|
|
(59,401 |
) |
|
59,401 |
|
|
(2,358 |
) |
Intercompany loan activity |
(53,734 |
) |
|
— |
|
|
53,734 |
|
|
— |
|
|
— |
|
Cash used in financing activities |
(57,914 |
) |
|
— |
|
|
(5,667 |
) |
|
59,401 |
|
|
(4,180 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(3,116 |
) |
|
— |
|
|
(3,116 |
) |
Net decrease in cash and cash equivalents |
(1,444 |
) |
|
(71 |
) |
|
(6,199 |
) |
|
— |
|
|
(7,714 |
) |
Cash and cash equivalents—beginning of period |
7,953 |
|
|
71 |
|
|
171,580 |
|
|
— |
|
|
179,604 |
|
Cash and cash equivalents—end of period |
$ |
6,509 |
|
|
$ |
— |
|
|
$ |
165,381 |
|
|
$ |
— |
|
|
$ |
171,890 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 29, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities |
$ |
(1,531 |
) |
|
$ |
5,293 |
|
|
$ |
30,439 |
|
|
$ |
(5,338 |
) |
|
$ |
28,863 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(339 |
) |
|
(3,194 |
) |
|
(7,471 |
) |
|
— |
|
|
(11,004 |
) |
Proceeds from sale of property, plant and equipment |
13 |
|
|
2,672 |
|
|
1,951 |
|
|
— |
|
|
4,636 |
|
Business acquisitions, net of cash acquired |
— |
|
|
— |
|
|
(15,026 |
) |
|
— |
|
|
(15,026 |
) |
Cash used in investing activities |
(326 |
) |
|
(522 |
) |
|
(20,546 |
) |
|
— |
|
|
(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 |
) |
|
(5,338 |
) |
|
— |
|
|
5,338 |
|
|
(2,376 |
) |
Intercompany loan activity |
464 |
|
|
— |
|
|
(464 |
) |
|
— |
|
|
— |
|
Cash used in financing activities |
(10,351 |
) |
|
(5,338 |
) |
|
(674 |
) |
|
5,338 |
|
|
(11,025 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(10,619 |
) |
|
— |
|
|
(10,619 |
) |
Net decrease in cash and cash equivalents |
(12,208 |
) |
|
(567 |
) |
|
(1,400 |
) |
|
— |
|
|
(14,175 |
) |
Cash and cash equivalents—beginning of period |
18,688 |
|
|
567 |
|
|
149,591 |
|
|
— |
|
|
168,846 |
|
Cash and cash equivalents—end of period |
$ |
6,480 |
|
|
$ |
— |
|
|
$ |
148,191 |
|
|
$ |
— |
|
|
$ |
154,671 |
|
|