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, 2015
Aug. 31, 2014
Aug. 31, 2013
Operating Activities      
Net earnings $ 19,872 $ 163,573 $ 30,048
Non-cash items:      
Depreciation and amortization 53,239 60,635 53,902
Net gain on disposal of businesses 0 (29,152) 0
Stock-based compensation expense 12,046 17,115 13,440
Provision (benefit) for deferred income taxes (13,939) 40 (44,265)
Impairment charge including Discontinued Operations 84,353 0 158,817
Amortization of debt discount and debt issuance costs 1,897 1,829 1,940
Other non-cash adjustments 805 (168) 328
Changes in components of working capital and other:      
Accounts receivable 12,827 1,336 (10,925)
Inventories 6,608 (21,915) 13,714
Other assets (8,761) 4,276 (4,603)
Trade accounts payable (19,801) (19,832) (9,279)
Income taxes payable (11,629) (46,133) 594
Accrued compensation and benefits (8,944) 11,779 (14,256)
Other accrued liabilities 395 (18,149) 4,334
Cash provided by operating activities 128,968 125,234 193,789
Investing Activities      
Capital expenditures (22,516) (41,857) (23,668)
Proceeds from sale of property, plant and equipment 1,244 44,274 1,621
Proceeds from sale of businesses, net of transaction costs 0 289,590 4,854
Business acquisitions, net of cash acquired 0 (30,500) (235,489)
Cash (used in ) provided by investing activities (21,272) 261,507 (252,682)
Financing Activities      
Payment of deferred acquisition consideration 0 (1,585) (5,378)
Debt issuance costs (2,025) 0 (2,035)
Purchase of treasury shares (212,003) (283,712) (41,832)
Stock option exercises, related tax benefits and other 5,396 32,224 33,261
Cash dividend (2,598) (2,919) (2,911)
Cash (used in) provided by financing activities (12,951) (380,992) 98,605
Effect of exchange rate changes on cash (34,911) (723) (3,910)
Net increase in cash and cash equivalents 59,834 5,026 35,802
Cash and cash equivalents - beginning of period 109,012 103,986 68,184
Cash and cash equivalents - end of period 168,846 109,012 103,986
Senior Credit Facility | Senior Credit Facility - Revolver      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit 220 (125,000) 125,000
Senior Credit Facility | Senior Credit Facility - Term Loan      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (3,375) 0 (7,500)
Proceeds from term loan 213,375 0 0
Senior Notes | 5.625% Senior Notes      
Financing Activities      
Redemption of 5.625% Senior Notes $ (11,941) $ 0 $ 0