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
 9 Months Ended
May 31, 2017
May 31, 2016
Operating Activities    
Net earnings (loss) $ 32,551 $ (122,576)
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:    
Depreciation and amortization 32,262 36,219
Stock-based compensation expense 14,852 7,568
Provision (benefit) for deferred income taxes 1,364 (2,225)
Asset Impairment Charges, Net of Tax 0 169,056
Amortization of debt issuance costs 1,244 1,239
Other non-cash adjustments 1,023 (460)
Changes in components of working capital and other:    
Accounts receivable (22,618) 7,755
Inventories (319) 5,436
Trade accounts payable 13,457 (3,498)
Prepaid expenses and other assets (7,112) (7,982)
Income taxes payable/receivable (19,922) (26,108)
Accrued compensation and benefits 3,769 3,730
Other accrued liabilities 862 6,837
Cash provided by operating activities 51,413 74,991
Investing Activities    
Capital expenditures (22,919) (15,623)
Proceeds from sale of property, plant and equipment 244 8,635
Business acquisitions, net of cash acquired 0 (80,674)
Cash used in investing activities (22,675) (87,662)
Financing Activities    
Net borrowings (repayment) on debt (11,250) (210)
Repayments of Senior Debt 500  
Purchase of treasury shares 0 (14,125)
Taxes paid related to the net share settlement of equity awards (999) (1,344)
Stock option exercises, related tax benefits and other 7,963 5,729
Payment of deferred acquisition consideration (742) 0
Cash dividend (2,358) (2,376)
Cash used in financing activities (7,886) (12,326)
Effect of exchange rate changes on cash (1,502) (6,760)
Net increase (decrease) in cash and cash equivalents 19,350 (31,757)
Cash and cash equivalents – beginning of period 179,604 168,846
Cash and cash equivalents – end of period 198,954 137,089
Line of Credit | Senior Credit Facility - Revolver    
Financing Activities    
Net borrowings (repayment) on debt 0 (210)
Line of Credit | Senior Credit Facility - Term Loan    
Financing Activities    
Net borrowings (repayment) on debt (11,250) 0
Senior Notes | 5.625% Senior Notes    
Financing Activities    
Repayments of Senior Debt $ (500) $ 0