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, 2017
Aug. 31, 2016
Aug. 31, 2015
Operating Activities      
Net earnings $ (66,213) $ (105,174) $ 19,872
Non-cash items:      
Impairment and other divestiture charges 108,860    
Asset Impairment Charges, Net of Tax   169,056 82,635
Depreciation and amortization 43,110 47,777 53,239
Stock-based compensation expense 16,733 10,442 12,046
Provision (benefit) for deferred income taxes (8,956) (17,403) (12,221)
Amortization of debt discount and debt issuance costs 1,657 1,652 1,897
Other non-cash adjustments 1,202 (517) 805
Net gain on disposal of businesses 0 (1,557) 0
Changes in components of working capital and other:      
Accounts receivable (3,475) 20,261 12,827
Inventories (11,277) 10,202 6,608
Trade accounts payable 18,117 (7,727) (19,801)
Prepaid expenses and other assets (5,367) (3,291) (8,761)
Income taxes payable (11,298) (7,916) (11,629)
Accrued compensation and benefits 3,752 3,912 (6,478)
Other accrued liabilities 1,002 (2,020) 395
Cash provided by operating activities 87,847 117,697 131,434
Investing Activities      
Capital expenditures (28,195) (20,209) (22,516)
Proceeds from sale of property, plant and equipment 570 9,296 1,244
Business acquisitions, net of cash acquired 0 (81,916) 0
Proceeds from sale of businesses, net of transaction costs 0 9,695 0
Cash (used in ) provided by investing activities (27,625) (83,134) (21,272)
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (18,750)    
Redemption of 5.625% Senior Notes (500)    
Purchase of treasury shares 0 (17,101) (212,003)
Debt issuance costs 0 0 (2,025)
Taxes paid related to the net share settlement of equity awards (1,065) (1,409) (2,466)
Stock Option Exercises Related Tax Benefits And Other 8,917 6,416 5,396
Payment of deferred acquisition consideration (742) 0 0
Cash dividend (2,358) (2,376) (2,598)
Cash (used in) provided by financing activities (14,498) (18,430) (15,417)
Effect of exchange rate changes on cash 4,243 (5,375) (34,911)
Net increase in cash and cash equivalents 49,967 10,758 59,834
Cash and cash equivalents - beginning of period 179,604 168,846 109,012
Cash and cash equivalents - end of period 229,571 179,604 168,846
Senior Credit Facility | Senior Credit Facility - Revolver      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit 0 (210) 220
Senior Credit Facility | Senior Credit Facility - Term Loan      
Financing Activities      
Proceeds from (Repayments of) Lines of Credit (18,750) (3,750) (3,375)
Proceeds from term loan 0 0 213,375
Senior Notes | 5.625% Senior Notes      
Financing Activities      
Redemption of 5.625% Senior Notes $ (500) $ 0 $ (11,941)