Guarantor Subsidiaries (Tables)
|
9 Months Ended |
May 31, 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 May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
39,753 |
|
|
$ |
98,391 |
|
|
$ |
157,283 |
|
|
$ |
— |
|
|
$ |
295,427 |
|
Cost of products sold |
9,944 |
|
|
71,565 |
|
|
111,114 |
|
|
— |
|
|
192,623 |
|
Gross profit |
29,809 |
|
|
26,826 |
|
|
46,169 |
|
|
— |
|
|
102,804 |
|
Selling, administrative and engineering expenses |
18,113 |
|
|
18,060 |
|
|
33,878 |
|
|
— |
|
|
70,051 |
|
Amortization of intangible assets |
318 |
|
|
2,865 |
|
|
1,854 |
|
|
— |
|
|
5,037 |
|
Restructuring charges |
99 |
|
|
153 |
|
|
132 |
|
|
— |
|
|
384 |
|
Operating profit |
11,279 |
|
|
5,748 |
|
|
10,305 |
|
|
— |
|
|
27,332 |
|
Financing costs, net |
7,558 |
|
|
— |
|
|
(5 |
) |
|
— |
|
|
7,553 |
|
Intercompany (income) expense, net |
(3,941 |
) |
|
3,958 |
|
|
(17 |
) |
|
— |
|
|
— |
|
Intercompany dividends |
5,353 |
|
|
— |
|
|
(5,353 |
) |
|
— |
|
|
— |
|
Other (income) expense, net |
(159 |
) |
|
98 |
|
|
1,358 |
|
|
— |
|
|
1,297 |
|
Earnings before income taxes |
2,468 |
|
|
1,692 |
|
|
14,322 |
|
|
— |
|
|
18,482 |
|
Income tax benefit |
(3,521 |
) |
|
(168 |
) |
|
(340 |
) |
|
— |
|
|
(4,029 |
) |
Net earnings before equity in earnings of subsidiaries |
5,989 |
|
|
1,860 |
|
|
14,662 |
|
|
— |
|
|
22,511 |
|
Equity in earnings of subsidiaries |
16,523 |
|
|
15,475 |
|
|
1,754 |
|
|
(33,752 |
) |
|
— |
|
Net earnings |
22,511 |
|
|
17,335 |
|
|
16,416 |
|
|
(33,752 |
) |
|
22,511 |
|
Comprehensive income |
$ |
42,835 |
|
|
$ |
24,376 |
|
|
$ |
28,358 |
|
|
$ |
(52,734 |
) |
|
$ |
42,835 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
33,610 |
|
|
$ |
94,095 |
|
|
$ |
177,636 |
|
|
$ |
— |
|
|
$ |
305,341 |
|
Cost of products sold |
6,603 |
|
|
67,079 |
|
|
124,133 |
|
|
— |
|
|
197,815 |
|
Gross profit |
27,007 |
|
|
27,016 |
|
|
53,503 |
|
|
— |
|
|
107,526 |
|
Selling, administrative and engineering expenses |
17,172 |
|
|
17,805 |
|
|
35,143 |
|
|
— |
|
|
70,120 |
|
Amortization of intangible assets |
318 |
|
|
3,322 |
|
|
1,927 |
|
|
— |
|
|
5,567 |
|
Restructuring charges |
100 |
|
|
443 |
|
|
2,953 |
|
|
— |
|
|
3,496 |
|
Operating profit |
9,417 |
|
|
5,446 |
|
|
13,480 |
|
|
— |
|
|
28,343 |
|
Financing costs (income), net |
7,601 |
|
|
— |
|
|
(348 |
) |
|
— |
|
|
7,253 |
|
Intercompany (income) expense, net |
(4,990 |
) |
|
(933 |
) |
|
5,923 |
|
|
— |
|
|
— |
|
Other expense, net |
199 |
|
|
13 |
|
|
539 |
|
|
— |
|
|
751 |
|
Earnings before income taxes |
6,607 |
|
|
6,366 |
|
|
7,366 |
|
|
— |
|
|
20,339 |
|
Income tax (benefit) expense |
(929 |
) |
|
287 |
|
|
(185 |
) |
|
— |
|
|
(827 |
) |
Net earnings before equity in earnings of subsidiaries |
7,536 |
|
|
6,079 |
|
|
7,551 |
|
|
— |
|
|
21,166 |
|
Equity in earnings of subsidiaries |
13,630 |
|
|
7,715 |
|
|
1,769 |
|
|
(23,114 |
) |
|
— |
|
Net earnings |
21,166 |
|
|
13,794 |
|
|
9,320 |
|
|
(23,114 |
) |
|
21,166 |
|
Comprehensive income |
$ |
36,488 |
|
|
$ |
27,280 |
|
|
$ |
10,936 |
|
|
$ |
(38,216 |
) |
|
$ |
36,488 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
106,435 |
|
|
$ |
263,640 |
|
|
$ |
450,014 |
|
|
$ |
— |
|
|
$ |
820,089 |
|
Cost of products sold |
27,087 |
|
|
194,802 |
|
|
315,003 |
|
|
— |
|
|
536,892 |
|
Gross profit |
79,348 |
|
|
68,838 |
|
|
135,011 |
|
|
— |
|
|
283,197 |
|
Selling, administrative and engineering expenses |
54,633 |
|
|
51,245 |
|
|
99,731 |
|
|
— |
|
|
205,609 |
|
Amortization of intangible assets |
954 |
|
|
8,859 |
|
|
5,555 |
|
|
— |
|
|
15,368 |
|
Restructuring charges |
826 |
|
|
1,317 |
|
|
3,290 |
|
|
— |
|
|
5,433 |
|
Director & officer transition charges |
7,784 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,784 |
|
Operating profit |
15,151 |
|
|
7,417 |
|
— |
|
26,435 |
|
|
— |
|
|
49,003 |
|
Financing costs (income), net |
22,314 |
|
|
— |
|
|
(295 |
) |
|
— |
|
|
22,019 |
|
Intercompany (income) expense, net |
(16,891 |
) |
|
14,114 |
|
|
2,777 |
|
|
— |
|
|
— |
|
Intercompany dividends |
5,353 |
|
|
(59,401 |
) |
|
(5,353 |
) |
|
59,401 |
|
|
— |
|
Other expense (income), net |
1,878 |
|
|
24 |
|
|
(642 |
) |
|
— |
|
|
1,260 |
|
Earnings before income taxes |
2,497 |
|
|
52,680 |
|
|
29,948 |
|
|
(59,401 |
) |
|
25,724 |
|
Income tax (benefit) expense |
(6,084 |
) |
|
(865 |
) |
|
122 |
|
|
— |
|
|
(6,827 |
) |
Net earnings before equity in earnings of subsidiaries |
8,581 |
|
|
53,545 |
|
|
29,826 |
|
|
(59,401 |
) |
|
32,551 |
|
Equity in earnings of subsidiaries |
23,970 |
|
|
29,157 |
|
|
4,616 |
|
|
(57,743 |
) |
|
— |
|
Net earnings |
32,551 |
|
|
82,702 |
|
|
34,442 |
|
|
(117,144 |
) |
|
32,551 |
|
Comprehensive income |
$ |
29,864 |
|
|
$ |
71,992 |
|
|
$ |
41,817 |
|
|
$ |
(113,809 |
) |
|
$ |
29,864 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
100,699 |
|
|
$ |
279,135 |
|
|
$ |
493,807 |
|
|
$ |
— |
|
|
$ |
873,641 |
|
Cost of products sold |
25,851 |
|
|
201,232 |
|
|
339,441 |
|
|
— |
|
|
566,524 |
|
Gross profit |
74,848 |
|
|
77,903 |
|
|
154,366 |
|
|
— |
|
|
307,117 |
|
Selling, administrative and engineering expenses |
54,049 |
|
|
53,644 |
|
|
102,509 |
|
|
— |
|
|
210,202 |
|
Amortization of intangible assets |
954 |
|
|
9,966 |
|
|
6,427 |
|
|
— |
|
|
17,347 |
|
Restructuring charges |
1,057 |
|
|
3,011 |
|
|
7,390 |
|
|
— |
|
|
11,458 |
|
Impairment charges |
— |
|
|
49,012 |
|
|
137,499 |
|
|
— |
|
|
186,511 |
|
Operating profit (loss) |
18,788 |
|
|
(37,730 |
) |
|
(99,459 |
) |
|
— |
|
|
(118,401 |
) |
Financing costs (income), net |
22,364 |
|
|
— |
|
|
(1,128 |
) |
|
— |
|
|
21,236 |
|
Intercompany (income) expense, net |
(16,284 |
) |
|
(7,830 |
) |
|
24,114 |
|
|
— |
|
|
— |
|
Intercompany dividends |
— |
|
|
— |
|
|
(5,338 |
) |
|
5,338 |
|
|
— |
|
Other expense, net |
802 |
|
|
44 |
|
|
759 |
|
|
— |
|
|
1,605 |
|
Earnings (loss) before income tax expense |
11,906 |
|
|
(29,944 |
) |
|
(117,866 |
) |
|
(5,338 |
) |
|
(141,242 |
) |
Income tax (benefit) expense |
(1,986 |
) |
|
944 |
|
|
(17,624 |
) |
|
— |
|
|
(18,666 |
) |
Net earnings (loss) before equity in (loss) earnings of subsidiaries |
13,892 |
|
|
(30,888 |
) |
|
(100,242 |
) |
|
(5,338 |
) |
|
(122,576 |
) |
Equity in (loss) earnings of subsidiaries |
(136,468 |
) |
|
(87,354 |
) |
|
3,856 |
|
|
219,966 |
|
|
— |
|
Net loss |
(122,576 |
) |
|
(118,242 |
) |
|
(96,386 |
) |
|
214,628 |
|
|
(122,576 |
) |
Comprehensive loss |
$ |
(142,339 |
) |
|
$ |
(133,602 |
) |
|
$ |
(101,219 |
) |
|
$ |
234,821 |
|
|
$ |
(142,339 |
) |
|
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
26,554 |
|
|
$ |
— |
|
|
$ |
172,400 |
|
|
$ |
— |
|
|
$ |
198,954 |
|
Accounts receivable, net |
16,860 |
|
|
54,887 |
|
|
136,017 |
|
|
— |
|
|
207,764 |
|
Inventories, net |
20,114 |
|
|
44,605 |
|
|
65,536 |
|
|
— |
|
|
130,255 |
|
Other current assets |
14,276 |
|
|
2,695 |
|
|
51,507 |
|
|
— |
|
|
68,478 |
|
Total current assets |
77,804 |
|
|
102,187 |
|
|
425,460 |
|
|
— |
|
|
605,451 |
|
Property, plant and equipment, net |
6,879 |
|
|
26,667 |
|
|
83,831 |
|
|
— |
|
|
117,377 |
|
Goodwill |
38,847 |
|
|
200,499 |
|
|
280,447 |
|
|
— |
|
|
519,793 |
|
Other intangibles, net |
8,475 |
|
|
140,902 |
|
|
73,909 |
|
|
— |
|
|
223,286 |
|
Investment in subsidiaries |
1,916,360 |
|
|
1,134,186 |
|
|
755,620 |
|
|
(3,806,166 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
708,400 |
|
|
193,397 |
|
|
(901,797 |
) |
|
— |
|
Other long-term assets |
4,944 |
|
|
812 |
|
|
16,376 |
|
|
— |
|
|
22,132 |
|
Total assets |
$ |
2,053,309 |
|
|
$ |
2,313,653 |
|
|
$ |
1,829,040 |
|
|
$ |
(4,707,963 |
) |
|
$ |
1,488,039 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
11,278 |
|
|
$ |
27,522 |
|
|
$ |
88,836 |
|
|
$ |
— |
|
|
$ |
127,636 |
|
Accrued compensation and benefits |
17,249 |
|
|
7,843 |
|
|
25,269 |
|
|
— |
|
|
50,361 |
|
Current maturities of debt and short-term borrowings |
30,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,000 |
|
Income taxes payable |
— |
|
|
— |
|
|
8,785 |
|
|
— |
|
|
8,785 |
|
Other current liabilities |
17,887 |
|
|
6,525 |
|
|
27,512 |
|
|
— |
|
|
51,924 |
|
Total current liabilities |
76,414 |
|
|
41,890 |
|
|
150,402 |
|
|
— |
|
|
268,706 |
|
Long-term debt, net |
539,252 |
|
|
— |
|
|
— |
|
|
— |
|
|
539,252 |
|
Deferred income taxes |
23,899 |
|
|
— |
|
|
8,416 |
|
|
— |
|
|
32,315 |
|
Pension and postretirement benefit liabilities |
15,632 |
|
|
— |
|
|
8,830 |
|
|
— |
|
|
24,462 |
|
Other long-term liabilities |
44,621 |
|
|
371 |
|
|
6,752 |
|
|
— |
|
|
51,744 |
|
Intercompany payable |
781,931 |
|
|
— |
|
|
119,866 |
|
|
(901,797 |
) |
|
— |
|
Shareholders’ equity |
571,560 |
|
|
2,271,392 |
|
|
1,534,774 |
|
|
(3,806,166 |
) |
|
571,560 |
|
Total liabilities and shareholders’ equity |
$ |
2,053,309 |
|
|
$ |
2,313,653 |
|
|
$ |
1,829,040 |
|
|
$ |
(4,707,963 |
) |
|
$ |
1,488,039 |
|
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2017 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
82,185 |
|
|
$ |
13,184 |
|
|
$ |
20,798 |
|
|
$ |
(64,754 |
) |
|
$ |
51,413 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(2,706 |
) |
|
(8,037 |
) |
|
(12,176 |
) |
|
— |
|
|
(22,919 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
135 |
|
|
109 |
|
|
— |
|
|
244 |
|
Cash used in investing activities |
(2,706 |
) |
|
(7,902 |
) |
|
(12,067 |
) |
|
— |
|
|
(22,675 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(11,250 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11,250 |
) |
Taxes paid related to the net share settlement of equity awards |
(999 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(999 |
) |
Redemption of 5.625% Senior Notes |
(500 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(500 |
) |
Stock option exercises, related tax benefits and other |
7,963 |
|
|
— |
|
|
— |
|
|
— |
|
|
7,963 |
|
Payment of deferred acquisition consideration |
— |
|
|
— |
|
|
(742 |
) |
|
— |
|
|
(742 |
) |
Cash dividend |
(2,358 |
) |
|
(5,353 |
) |
|
(59,401 |
) |
|
64,754 |
|
|
(2,358 |
) |
Intercompany loan activity |
(53,734 |
) |
|
— |
|
|
53,734 |
|
|
— |
|
|
— |
|
Cash used in financing activities |
(60,878 |
) |
|
(5,353 |
) |
|
(6,409 |
) |
|
64,754 |
|
|
(7,886 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(1,502 |
) |
|
— |
|
|
(1,502 |
) |
Net increase (decrease) in cash and cash equivalents |
18,601 |
|
|
(71 |
) |
|
820 |
|
|
— |
|
|
19,350 |
|
Cash and cash equivalents—beginning of period |
7,953 |
|
|
71 |
|
|
171,580 |
|
|
— |
|
|
179,604 |
|
Cash and cash equivalents—end of period |
$ |
26,554 |
|
|
$ |
— |
|
|
$ |
172,400 |
|
|
$ |
— |
|
|
$ |
198,954 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended May 31, 2016 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash provided by operating activities |
$ |
15,256 |
|
|
$ |
8,657 |
|
|
$ |
56,416 |
|
|
$ |
(5,338 |
) |
|
$ |
74,991 |
|
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(1,237 |
) |
|
(4,656 |
) |
|
(9,730 |
) |
|
— |
|
|
(15,623 |
) |
Proceeds from sale of property, plant and equipment |
13 |
|
|
6,637 |
|
|
1,985 |
|
|
— |
|
|
8,635 |
|
Intercompany investment |
(339 |
) |
|
(6,125 |
) |
|
— |
|
|
6,464 |
|
|
— |
|
Business acquisitions, net of cash acquired |
— |
|
|
— |
|
|
(80,674 |
) |
|
— |
|
|
(80,674 |
) |
Cash used in investing activities |
(1,563 |
) |
|
(4,144 |
) |
|
(88,419 |
) |
|
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 |
) |
|
(5,338 |
) |
|
— |
|
|
5,338 |
|
|
(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 |
) |
|
(4,999 |
) |
|
18,054 |
|
|
(1,126 |
) |
|
(12,326 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
(6,760 |
) |
|
— |
|
|
(6,760 |
) |
Net decrease in cash and cash equivalents |
(10,562 |
) |
|
(486 |
) |
|
(20,709 |
) |
|
— |
|
|
(31,757 |
) |
Cash and cash equivalents—beginning of period |
18,688 |
|
|
567 |
|
|
149,591 |
|
|
— |
|
|
168,846 |
|
Cash and cash equivalents—end of period |
$ |
8,126 |
|
|
$ |
81 |
|
|
$ |
128,882 |
|
|
$ |
— |
|
|
$ |
137,089 |
|
|