Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2016
Operating Activities      
Net (loss) earnings $ (21,648) $ (66,213) $ (105,174)
Non-cash items:      
Impairment and other divestiture charges 75,334 108,860  
Asset Impairment Charges, Net of Tax     169,056
Depreciation and amortization 40,707 43,110 47,777
Stock-based compensation expense 14,457 16,733 10,442
Provision (benefit) for deferred income taxes (6,890) (8,956) (17,403)
Amortization of debt discount and debt issuance costs 2,399 1,657 1,652
Other non-cash adjustments 619 1,202 (517)
Gain on disposal of business, net of tax benefit 0 0 (1,557)
Changes in components of working capital and other:      
Accounts receivable (3,093) (3,475) 20,261
Inventories (18,704) (11,277) 10,202
Trade accounts payable 2,593 18,117 (7,727)
Prepaid expenses and other assets (10,625) (5,367) (3,291)
Income taxes payable 16,785 (10,646) (7,916)
Accrued compensation and benefits 4,827 3,752 3,912
Other accrued liabilities 9,332 1,002 (2,020)
Cash provided by operating activities 106,093 88,499 117,697
Investing Activities      
Capital expenditures (20,870) (28,195) (20,209)
Proceeds from sale of property, plant and equipment 153 570 9,296
Rental asset buyout for Viking divestiture (27,718) 0 0
Proceeds from sale of businesses, net of transaction costs 8,902 0 9,695
Cash paid for business acquisitions, net of cash acquired (23,218) 0 (81,916)
Net Cash Used in Investing Activities (62,751) (27,625) (83,134)
Financing Activities      
Net repayments on revolving credit facility     (210)
Principal Repayments on Term Loan (30,000) (18,750) (3,750)
Redemption of 5.625% Senior Notes   (500)  
Purchase of treasury shares 0 0 (17,101)
Taxes paid related to the net share settlement of equity awards (1,284) (1,065) (1,409)
Stock Option Exercises Related Tax Benefits And Other 15,681 8,265 6,416
Payment of deferred acquisition consideration 0 742 0
Cash dividend (2,390) (2,358) (2,376)
Cash (used in) provided by financing activities (17,993) (15,150) (18,430)
Effect of Exchange Rate on Cash (4,430) 4,243 (5,375)
Net increase in cash and cash equivalents 20,919 49,967 10,758
Cash and cash equivalents - beginning of period 229,571 179,604 168,846
Cash and cash equivalents - end of period 250,490 229,571 179,604
Senior Credit Facility | Senior Credit Facility - Revolver      
Financing Activities      
Net repayments on revolving credit facility 0 0 (210)
Senior Credit Facility | Senior Credit Facility - Term Loan      
Financing Activities      
Principal Repayments on Term Loan (30,000) (18,750) (3,750)
Senior Notes | 5.625% Senior Notes      
Financing Activities      
Redemption of 5.625% Senior Notes $ 0 $ (500) $ 0