Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Feb. 28, 2019
Feb. 28, 2018
Operating Activities    
Net earnings (loss) $ (14,699) $ (12,995)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment and divestiture charges, net of tax 40,524 12,385
Depreciation and amortization 16,341 20,385
Stock-based compensation expense 7,162 8,292
Benefit for deferred income taxes (1,445) (7,124)
Amortization of debt issuance costs 602 826
Other non-cash adjustments 63 200
Changes in components of working capital and other, excluding acquisitions and divestitures    
Accounts receivable (36,436) (16,872)
Inventories (24,797) (18,433)
Trade accounts payable (2,810) (1,753)
Prepaid expenses and other assets (9,421) (9,168)
Income tax accounts 1,531 17,505
Accrued compensation and benefits (16,440) (9,959)
Other accrued liabilities (11,489) (5,395)
Cash used in operating activities (51,314) (22,106)
Investing Activities    
Capital expenditures (15,667) (12,547)
Proceeds from sale of property, plant and equipment 52 113
Rental asset lease buyout for Viking divestiture 0 (27,718)
Proceeds from sale of business, net of transaction costs 36,159 8,780
Cash paid for business acquisitions, Net of Cash Acquired 0 (16,517)
Net Cash Provided by (Used in) Investing Activities 20,544 (47,889)
Financing Activities    
Principal repayments on term loan (47,500) (15,000)
Stock option exercises and other 1,031 10,305
Taxes paid related to the net share settlement of equity awards (1,489) (1,107)
Payments of Dividends (2,439) (2,390)
Net Cash Provided by (Used in) Financing Activities (50,397) (8,192)
Effect of Exchange Rate on Cash and Cash Equivalents 1,065 2,211
Net decrease in cash and cash equivalents (80,102) (75,976)
Cash and cash equivalents - beginning of period 250,490 229,571
Cash and cash equivalents - end of period 170,388 153,595
Eliminations    
Operating Activities    
Net earnings (loss) 37,339 10,123
Changes in components of working capital and other, excluding acquisitions and divestitures    
Cash used in operating activities (246,248) 0
Investing Activities    
Capital expenditures 0 0
Proceeds from sale of property, plant and equipment 0 0
Rental asset lease buyout for Viking divestiture   0
Proceeds from sale of business, net of transaction costs 0 0
Cash paid for business acquisitions, Net of Cash Acquired   0
Net Cash Provided by (Used in) Investing Activities (52,883) 0
Financing Activities    
Principal repayments on term loan 0 0
Taxes paid related to the net share settlement of equity awards 0 0
Payments of Dividends 246,248 0
Net Cash Provided by (Used in) Financing Activities 299,131 0
Effect of Exchange Rate on Cash and Cash Equivalents 0 0
Net decrease in cash and cash equivalents 0 0
Cash and cash equivalents - beginning of period 0 0
Cash and cash equivalents - end of period 0 0
Parent | Reportable Legal Entities    
Operating Activities    
Net earnings (loss) (14,699) (12,995)
Changes in components of working capital and other, excluding acquisitions and divestitures    
Cash used in operating activities (79,539) (14,509)
Investing Activities    
Capital expenditures (950) (1,982)
Proceeds from sale of property, plant and equipment 8 0
Rental asset lease buyout for Viking divestiture   0
Proceeds from sale of business, net of transaction costs 23,611 198
Cash paid for business acquisitions, Net of Cash Acquired   0
Net Cash Provided by (Used in) Investing Activities 75,552 (1,784)
Financing Activities    
Principal repayments on term loan (47,500) (15,000)
Taxes paid related to the net share settlement of equity awards (1,489) (1,107)
Payments of Dividends (2,439) (2,390)
Net Cash Provided by (Used in) Financing Activities (54,236) (14,146)
Effect of Exchange Rate on Cash and Cash Equivalents 0 0
Net decrease in cash and cash equivalents (58,223) (30,439)
Cash and cash equivalents - beginning of period 67,649 34,715
Cash and cash equivalents - end of period 9,426 4,276
Guarantors | Reportable Legal Entities    
Operating Activities    
Net earnings (loss) (29,472) (10,031)
Changes in components of working capital and other, excluding acquisitions and divestitures    
Cash used in operating activities 305,640 6,923
Investing Activities    
Capital expenditures (6,478) (5,274)
Proceeds from sale of property, plant and equipment (31) 83
Rental asset lease buyout for Viking divestiture   0
Proceeds from sale of business, net of transaction costs 0 0
Cash paid for business acquisitions, Net of Cash Acquired   (1,732)
Net Cash Provided by (Used in) Investing Activities (6,509) (6,923)
Financing Activities    
Principal repayments on term loan 0 0
Taxes paid related to the net share settlement of equity awards 0 0
Payments of Dividends (246,248) 0
Net Cash Provided by (Used in) Financing Activities (299,131) 0
Effect of Exchange Rate on Cash and Cash Equivalents 0 0
Net decrease in cash and cash equivalents 0 0
Cash and cash equivalents - beginning of period 0 0
Cash and cash equivalents - end of period 0 0
Non-Guarantors | Reportable Legal Entities    
Operating Activities    
Net earnings (loss) (7,867) (92)
Changes in components of working capital and other, excluding acquisitions and divestitures    
Cash used in operating activities (31,167) (14,520)
Investing Activities    
Capital expenditures (8,239) (5,291)
Proceeds from sale of property, plant and equipment 75 30
Rental asset lease buyout for Viking divestiture   (27,718)
Proceeds from sale of business, net of transaction costs 12,548 8,582
Cash paid for business acquisitions, Net of Cash Acquired   (14,785)
Net Cash Provided by (Used in) Investing Activities 4,384 (39,182)
Financing Activities    
Principal repayments on term loan 0 0
Taxes paid related to the net share settlement of equity awards 0 0
Payments of Dividends 0 0
Net Cash Provided by (Used in) Financing Activities 3,839 5,954
Effect of Exchange Rate on Cash and Cash Equivalents 1,065 2,211
Net decrease in cash and cash equivalents (21,879) (45,537)
Cash and cash equivalents - beginning of period 182,841 194,856
Cash and cash equivalents - end of period $ 160,962 $ 149,319