Guarantor Subsidiaries (Tables)
|
6 Months Ended |
Feb. 28, 2019 |
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
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 28, 2019 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
41,091 |
|
|
$ |
80,230 |
|
|
$ |
150,586 |
|
|
$ |
— |
|
|
$ |
271,907 |
|
Cost of products sold |
9,979 |
|
|
59,701 |
|
|
104,741 |
|
|
— |
|
|
174,421 |
|
Gross profit |
31,112 |
|
|
20,529 |
|
|
45,845 |
|
|
— |
|
|
97,486 |
|
Selling, administrative and engineering expenses |
22,614 |
|
|
16,079 |
|
|
32,052 |
|
|
— |
|
|
70,745 |
|
Amortization of intangible assets |
318 |
|
|
1,867 |
|
|
1,256 |
|
|
— |
|
|
3,441 |
|
Restructuring charges |
— |
|
|
— |
|
|
60 |
|
|
— |
|
|
60 |
|
Impairment & divestiture (income) charges |
(904 |
) |
|
3,187 |
|
|
4,603 |
|
|
— |
|
|
6,886 |
|
Operating profit (loss) |
9,084 |
|
|
(604 |
) |
|
7,874 |
|
|
— |
|
|
16,354 |
|
Financing costs (income), net |
7,275 |
|
|
— |
|
|
(122 |
) |
|
— |
|
|
7,153 |
|
Intercompany (income) expense, net |
(6,117 |
) |
|
8,866 |
|
|
(2,749 |
) |
|
— |
|
|
— |
|
Intercompany dividends |
(246,248 |
) |
|
— |
|
|
— |
|
|
246,248 |
|
|
— |
|
Other (income) expense, net |
(166 |
) |
|
1 |
|
|
821 |
|
|
— |
|
|
656 |
|
Earnings (loss) before income tax expense (benefit) |
254,340 |
|
|
(9,471 |
) |
|
9,924 |
|
|
(246,248 |
) |
|
8,545 |
|
Income tax expense (benefit) |
420 |
|
|
(1,348 |
) |
|
6,720 |
|
|
— |
|
|
5,792 |
|
Net earnings (loss) before equity in (loss) earnings of subsidiaries |
253,920 |
|
|
(8,123 |
) |
|
3,204 |
|
|
(246,248 |
) |
|
2,753 |
|
Equity in (loss) earnings of subsidiaries |
(251,167 |
) |
|
4,086 |
|
|
1,372 |
|
|
245,709 |
|
|
— |
|
Net earnings (loss) |
$ |
2,753 |
|
|
$ |
(4,037 |
) |
|
$ |
4,576 |
|
|
$ |
(539 |
) |
|
$ |
2,753 |
|
Comprehensive income (loss) |
$ |
45,190 |
|
|
$ |
(3,966 |
) |
|
$ |
46,755 |
|
|
$ |
(42,789 |
) |
|
$ |
45,190 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended February 28, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
36,219 |
|
|
$ |
83,072 |
|
|
$ |
155,874 |
|
|
$ |
— |
|
|
$ |
275,165 |
|
Cost of products sold |
5,848 |
|
|
63,979 |
|
|
115,642 |
|
|
— |
|
|
185,469 |
|
Gross profit |
30,371 |
|
|
19,093 |
|
|
40,232 |
|
|
— |
|
|
89,696 |
|
Selling, administrative and engineering expenses |
17,975 |
|
|
17,232 |
|
|
33,080 |
|
|
— |
|
|
68,287 |
|
Amortization of intangible assets |
318 |
|
|
2,861 |
|
|
1,989 |
|
|
— |
|
|
5,168 |
|
Restructuring charges |
194 |
|
|
909 |
|
|
2,347 |
|
|
— |
|
|
3,450 |
|
Impairment & divestiture charges (income) |
4,217 |
|
|
— |
|
|
(1,230 |
) |
|
— |
|
|
2,987 |
|
Operating profit (loss) |
7,667 |
|
|
(1,909 |
) |
|
4,046 |
|
|
— |
|
|
9,804 |
|
Financing costs (income), net |
7,777 |
|
|
22 |
|
|
(195 |
) |
|
— |
|
|
7,604 |
|
Intercompany (income) expense, net |
(5,042 |
) |
|
5,419 |
|
|
(377 |
) |
|
— |
|
|
— |
|
Other expense, net |
305 |
|
|
49 |
|
|
228 |
|
|
— |
|
|
582 |
|
Earnings (loss) before income tax expense (benefit) |
4,627 |
|
|
(7,399 |
) |
|
4,390 |
|
|
— |
|
|
1,618 |
|
Income tax expense (benefit) |
10,612 |
|
|
(2,234 |
) |
|
11,461 |
|
|
— |
|
|
19,839 |
|
Net loss before equity in loss of subsidiaries |
(5,985 |
) |
|
(5,165 |
) |
|
(7,071 |
) |
|
— |
|
|
(18,221 |
) |
Equity in loss of subsidiaries |
(12,236 |
) |
|
(9,454 |
) |
|
(1,459 |
) |
|
23,149 |
|
|
— |
|
Net loss |
$ |
(18,221 |
) |
|
$ |
(14,619 |
) |
|
$ |
(8,530 |
) |
|
$ |
23,149 |
|
|
$ |
(18,221 |
) |
Comprehensive income (loss) |
$ |
62,788 |
|
|
$ |
(14,619 |
) |
|
$ |
74,820 |
|
|
$ |
(60,201 |
) |
|
$ |
62,788 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2019 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
81,381 |
|
|
$ |
176,052 |
|
|
$ |
307,005 |
|
|
$ |
— |
|
|
$ |
564,438 |
|
Cost of products sold |
19,860 |
|
|
130,297 |
|
|
211,787 |
|
|
— |
|
|
361,944 |
|
Gross profit |
61,521 |
|
|
45,755 |
|
|
95,218 |
|
|
— |
|
|
202,494 |
|
Selling, administrative and engineering expenses |
43,579 |
|
|
34,393 |
|
|
65,964 |
|
|
— |
|
|
143,936 |
|
Amortization of intangible assets |
637 |
|
|
4,559 |
|
|
2,524 |
|
|
— |
|
|
7,720 |
|
Restructuring (income) charges |
— |
|
|
(93 |
) |
|
556 |
|
|
— |
|
|
463 |
|
Impairment & divestiture (income) charges |
(904 |
) |
|
13,407 |
|
|
30,836 |
|
|
— |
|
|
43,339 |
|
Operating profit (loss) |
18,209 |
|
|
(6,511 |
) |
|
(4,662 |
) |
|
— |
|
|
7,036 |
|
Financing costs (income), net |
14,826 |
|
|
— |
|
|
(378 |
) |
|
— |
|
|
14,448 |
|
Intercompany (income) expense, net |
(10,170 |
) |
|
15,357 |
|
|
(5,187 |
) |
|
— |
|
|
— |
|
Intercompany dividends |
(246,248 |
) |
|
— |
|
|
— |
|
|
246,248 |
|
|
— |
|
Other (income) expense, net |
(381 |
) |
|
8 |
|
|
1,941 |
|
|
— |
|
|
1,568 |
|
Earnings (loss) before income tax (benefit) expense |
260,182 |
|
|
(21,876 |
) |
|
(1,038 |
) |
|
(246,248 |
) |
|
(8,980 |
) |
Income tax (benefit) expense |
(2,287 |
) |
|
(1,450 |
) |
|
9,456 |
|
|
— |
|
|
5,719 |
|
Net earnings (loss) before equity in (loss) earnings of subsidiaries |
262,469 |
|
|
(20,426 |
) |
|
(10,494 |
) |
|
(246,248 |
) |
|
(14,699 |
) |
Equity in (loss) earnings of subsidiaries |
(277,168 |
) |
|
(9,046 |
) |
|
2,627 |
|
|
283,587 |
|
|
— |
|
Net loss |
$ |
(14,699 |
) |
|
$ |
(29,472 |
) |
|
$ |
(7,867 |
) |
|
$ |
37,339 |
|
|
$ |
(14,699 |
) |
Comprehensive income (loss) |
$ |
19,794 |
|
|
$ |
(29,400 |
) |
|
$ |
26,636 |
|
|
$ |
2,764 |
|
|
$ |
19,794 |
|
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Net sales |
$ |
71,929 |
|
|
$ |
170,906 |
|
|
$ |
321,285 |
|
|
$ |
— |
|
|
$ |
564,120 |
|
Cost of products sold |
12,811 |
|
|
128,553 |
|
|
232,149 |
|
|
— |
|
|
373,513 |
|
Gross profit |
59,118 |
|
|
42,353 |
|
|
89,136 |
|
|
— |
|
|
190,607 |
|
Selling, administrative and engineering expenses |
37,690 |
|
|
35,680 |
|
|
69,395 |
|
|
— |
|
|
142,765 |
|
Amortization of intangible assets |
636 |
|
|
5,722 |
|
|
3,941 |
|
|
— |
|
|
10,299 |
|
Restructuring charges |
5,550 |
|
|
1,078 |
|
|
3,451 |
|
|
|
|
|
10,079 |
|
Impairment & divestiture charges (income) |
4,217 |
|
|
— |
|
|
(1,230 |
) |
|
— |
|
|
2,987 |
|
Operating profit (loss) |
11,025 |
|
|
(127 |
) |
|
13,579 |
|
|
— |
|
|
24,477 |
|
Financing costs (income), net |
15,400 |
|
|
43 |
|
|
(325 |
) |
|
— |
|
|
15,118 |
|
Intercompany (income) expense, net |
(9,919 |
) |
|
10,903 |
|
|
(984 |
) |
|
— |
|
|
— |
|
Other expense, net |
255 |
|
|
94 |
|
|
562 |
|
|
— |
|
|
911 |
|
Earnings (loss) before income tax expense (benefit) |
5,289 |
|
|
(11,167 |
) |
|
14,326 |
|
|
— |
|
|
8,448 |
|
Income tax expense (benefit) |
10,327 |
|
|
(1,797 |
) |
|
12,913 |
|
|
— |
|
|
21,443 |
|
Net (loss) earnings before equity in loss of subsidiaries |
(5,038 |
) |
|
(9,370 |
) |
|
1,413 |
|
|
— |
|
|
(12,995 |
) |
Equity in loss of subsidiaries |
(7,957 |
) |
|
(661 |
) |
|
(1,505 |
) |
|
10,123 |
|
|
— |
|
Net loss |
$ |
(12,995 |
) |
|
$ |
(10,031 |
) |
|
$ |
(92 |
) |
|
$ |
10,123 |
|
|
$ |
(12,995 |
) |
Comprehensive income (loss) |
$ |
71,039 |
|
|
$ |
(10,031 |
) |
|
$ |
86,386 |
|
|
$ |
(76,355 |
) |
|
$ |
71,039 |
|
|
Condensed Consolidating Balance Sheets |
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
February 28, 2019 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
9,426 |
|
|
$ |
— |
|
|
$ |
160,962 |
|
|
$ |
— |
|
|
$ |
170,388 |
|
Accounts receivable, net |
22,057 |
|
|
44,345 |
|
|
143,772 |
|
|
— |
|
|
210,174 |
|
Inventories, net |
28,088 |
|
|
52,849 |
|
|
80,709 |
|
|
— |
|
|
161,646 |
|
Assets held for sale |
— |
|
|
53,714 |
|
|
2,399 |
|
|
— |
|
|
56,113 |
|
Other current assets |
14,829 |
|
|
2,000 |
|
|
38,034 |
|
|
— |
|
|
54,863 |
|
Total current assets |
74,400 |
|
|
152,908 |
|
|
425,876 |
|
|
— |
|
|
653,184 |
|
Property, plant & equipment, net |
7,800 |
|
|
16,859 |
|
|
58,473 |
|
|
— |
|
|
83,132 |
|
Goodwill |
38,847 |
|
|
184,120 |
|
|
257,241 |
|
|
— |
|
|
480,208 |
|
Other intangibles, net |
6,247 |
|
|
96,065 |
|
|
47,723 |
|
|
— |
|
|
150,035 |
|
Investment in subsidiaries |
1,630,688 |
|
|
1,234,687 |
|
|
798,879 |
|
|
(3,664,254 |
) |
|
— |
|
Intercompany receivable |
— |
|
|
406,039 |
|
|
210,522 |
|
|
(616,561 |
) |
|
— |
|
Other long-term assets |
12,992 |
|
|
320 |
|
|
23,186 |
|
|
— |
|
|
36,498 |
|
Total assets |
$ |
1,770,974 |
|
|
$ |
2,090,998 |
|
|
$ |
1,821,900 |
|
|
$ |
(4,280,815 |
) |
|
$ |
1,403,057 |
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
16,600 |
|
|
17,390 |
|
|
88,496 |
|
|
— |
|
|
122,486 |
|
Accrued compensation and benefits |
12,028 |
|
|
4,330 |
|
|
21,044 |
|
|
— |
|
|
37,402 |
|
Current maturities of debt |
30,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,000 |
|
Income taxes payable |
— |
|
|
— |
|
|
8,548 |
|
|
— |
|
|
8,548 |
|
Liabilities held for sale |
— |
|
|
7,634 |
|
|
13,186 |
|
|
— |
|
|
20,820 |
|
Other current liabilities |
16,321 |
|
|
6,650 |
|
|
35,900 |
|
|
— |
|
|
58,871 |
|
Total current liabilities |
74,949 |
|
|
36,004 |
|
|
167,174 |
|
|
— |
|
|
278,127 |
|
Long-term debt |
455,573 |
|
|
— |
|
|
— |
|
|
— |
|
|
455,573 |
|
Deferred income taxes |
15,526 |
|
|
— |
|
|
3,447 |
|
|
— |
|
|
18,973 |
|
Pension and post-retirement benefit liabilities |
7,405 |
|
|
— |
|
|
6,966 |
|
|
— |
|
|
14,371 |
|
Other long-term liabilities |
45,820 |
|
|
271 |
|
|
4,292 |
|
|
— |
|
|
50,383 |
|
Intercompany payable |
586,071 |
|
|
30,490 |
|
|
— |
|
|
(616,561 |
) |
|
— |
|
Shareholders’ equity |
585,630 |
|
|
2,024,233 |
|
|
1,640,021 |
|
|
(3,664,254 |
) |
|
585,630 |
|
Total liabilities and shareholders’ equity |
$ |
1,770,974 |
|
|
$ |
2,090,998 |
|
|
$ |
1,821,900 |
|
|
$ |
(4,280,815 |
) |
|
$ |
1,403,057 |
|
CONDENSED CONSOLIDATING BALANCE SHEETS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
67,649 |
|
|
$ |
— |
|
|
$ |
182,841 |
|
|
$ |
— |
|
|
$ |
250,490 |
|
Accounts receivable, net |
19,969 |
|
|
54,822 |
|
|
112,958 |
|
|
— |
|
|
187,749 |
|
Inventories, net |
22,570 |
|
|
59,391 |
|
|
74,395 |
|
|
— |
|
|
156,356 |
|
Assets held for sale |
— |
|
|
— |
|
|
23,573 |
|
|
— |
|
|
23,573 |
|
Other current assets |
7,358 |
|
|
4,759 |
|
|
30,615 |
|
|
— |
|
|
42,732 |
|
Total current assets |
117,546 |
|
|
118,972 |
|
|
424,382 |
|
|
— |
|
|
660,900 |
|
Property, plant & equipment, net |
7,937 |
|
|
26,408 |
|
|
55,875 |
|
|
— |
|
|
90,220 |
|
Goodwill |
38,847 |
|
|
203,543 |
|
|
270,022 |
|
|
— |
|
|
512,412 |
|
Other intangible assets, net |
6,884 |
|
|
121,793 |
|
|
52,360 |
|
|
— |
|
|
181,037 |
|
Investment in subsidiaries |
1,836,954 |
|
|
1,211,781 |
|
|
789,917 |
|
|
(3,838,652 |
) |
|
— |
|
Intercompany receivables |
— |
|
|
622,646 |
|
|
200,173 |
|
|
(822,819 |
) |
|
— |
|
Other long-term assets |
12,955 |
|
|
366 |
|
|
23,448 |
|
|
— |
|
|
36,769 |
|
Total assets |
$ |
2,021,123 |
|
|
$ |
2,305,509 |
|
|
$ |
1,816,177 |
|
|
$ |
(4,661,471 |
) |
|
$ |
1,481,338 |
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES & SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
15,890 |
|
|
$ |
29,022 |
|
|
$ |
85,926 |
|
|
$ |
— |
|
|
$ |
130,838 |
|
Accrued compensation and benefits |
22,171 |
|
|
9,804 |
|
|
22,533 |
|
|
— |
|
|
54,508 |
|
Current maturities of debt |
30,000 |
|
|
— |
|
|
— |
|
|
— |
|
|
30,000 |
|
Income taxes payable |
— |
|
|
— |
|
|
4,091 |
|
|
— |
|
|
4,091 |
|
Liabilities held for sale |
— |
|
|
— |
|
|
44,225 |
|
|
— |
|
|
44,225 |
|
Other current liabilities |
17,379 |
|
|
11,078 |
|
|
38,842 |
|
|
— |
|
|
67,299 |
|
Total current liabilities |
85,440 |
|
|
49,904 |
|
|
195,617 |
|
|
— |
|
|
330,961 |
|
Long-term debt |
502,695 |
|
|
— |
|
|
— |
|
|
— |
|
|
502,695 |
|
Deferred income taxes |
17,467 |
|
|
— |
|
|
4,466 |
|
|
— |
|
|
21,933 |
|
Pension and post-retirement benefit liabilities |
7,765 |
|
|
— |
|
|
7,104 |
|
|
— |
|
|
14,869 |
|
Other long-term liabilities |
45,483 |
|
|
359 |
|
|
6,326 |
|
|
— |
|
|
52,168 |
|
Intercompany payable |
803,561 |
|
|
19,258 |
|
|
— |
|
|
(822,819 |
) |
|
— |
|
Shareholders’ equity |
558,712 |
|
|
2,235,988 |
|
|
1,602,664 |
|
|
(3,838,652 |
) |
|
558,712 |
|
Total liabilities and shareholders’ equity |
$ |
2,021,123 |
|
|
$ |
2,305,509 |
|
|
$ |
1,816,177 |
|
|
$ |
(4,661,471 |
) |
|
$ |
1,481,338 |
|
|
Condensed Consolidating Statements of Cash Flows |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2019 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities |
$ |
(79,539 |
) |
|
$ |
305,640 |
|
|
$ |
(31,167 |
) |
|
$ |
(246,248 |
) |
|
$ |
(51,314 |
) |
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(950 |
) |
|
(6,478 |
) |
|
(8,239 |
) |
|
— |
|
|
(15,667 |
) |
Proceeds from sale of property, plant and equipment |
8 |
|
|
(31 |
) |
|
75 |
|
|
— |
|
|
52 |
|
Intercompany investment |
52,883 |
|
|
— |
|
|
— |
|
|
(52,883 |
) |
|
— |
|
Proceeds from sale of business, net of transaction costs |
23,611 |
|
|
— |
|
|
12,548 |
|
|
— |
|
|
36,159 |
|
Cash used in investing activities |
75,552 |
|
|
(6,509 |
) |
|
4,384 |
|
|
(52,883 |
) |
|
20,544 |
|
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(47,500 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(47,500 |
) |
Stock option exercises, related tax benefits and other |
1,031 |
|
|
— |
|
|
— |
|
|
— |
|
|
1,031 |
|
Taxes paid related to the net share settlement of equity awards |
(1,489 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,489 |
) |
Cash Dividends |
(2,439 |
) |
|
(246,248 |
) |
|
— |
|
|
246,248 |
|
|
(2,439 |
) |
Intercompany loan activity |
(3,839 |
) |
|
— |
|
|
3,839 |
|
|
— |
|
|
— |
|
Intercompany capital contribution |
— |
|
|
(52,883 |
) |
|
— |
|
|
52,883 |
|
|
— |
|
Cash (used in) provided by financing activities |
(54,236 |
) |
|
(299,131 |
) |
|
3,839 |
|
|
299,131 |
|
|
(50,397 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
1,065 |
|
|
— |
|
|
1,065 |
|
Net decrease in cash and cash equivalents |
(58,223 |
) |
|
— |
|
|
(21,879 |
) |
|
— |
|
|
(80,102 |
) |
Cash and cash equivalents—beginning of period |
67,649 |
|
|
— |
|
|
182,841 |
|
|
— |
|
|
250,490 |
|
Cash and cash equivalents—end of period |
$ |
9,426 |
|
|
$ |
— |
|
|
$ |
160,962 |
|
|
$ |
— |
|
|
$ |
170,388 |
|
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended February 28, 2018 |
|
Parent |
|
Guarantors |
|
Non-Guarantors |
|
Eliminations |
|
Consolidated |
Operating Activities |
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities |
$ |
(14,509 |
) |
|
$ |
6,923 |
|
|
$ |
(14,520 |
) |
|
$ |
— |
|
|
$ |
(22,106 |
) |
Investing Activities |
|
|
|
|
|
|
|
|
|
Capital expenditures |
(1,982 |
) |
|
(5,274 |
) |
|
(5,291 |
) |
|
— |
|
|
(12,547 |
) |
Proceeds from sale of property, plant and equipment |
— |
|
|
83 |
|
|
30 |
|
|
— |
|
|
113 |
|
Rental asset buyout for Viking divestiture |
— |
|
|
— |
|
|
(27,718 |
) |
|
— |
|
|
(27,718 |
) |
Proceeds from sale of business, net of transaction costs |
198 |
|
|
— |
|
|
8,582 |
|
|
— |
|
|
8,780 |
|
Cash paid for business acquisitions, net of cash acquired |
— |
|
|
(1,732 |
) |
|
(14,785 |
) |
|
— |
|
|
(16,517 |
) |
Cash used in investing activities |
(1,784 |
) |
|
(6,923 |
) |
|
(39,182 |
) |
|
— |
|
|
(47,889 |
) |
Financing Activities |
|
|
|
|
|
|
|
|
|
Principal repayments on term loan |
(15,000 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(15,000 |
) |
Stock option exercises, related tax benefits and other |
10,305 |
|
|
— |
|
|
— |
|
|
— |
|
|
10,305 |
|
Taxes paid related to the net share settlement of equity awards |
(1,107 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1,107 |
) |
Cash dividends |
(2,390 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(2,390 |
) |
Intercompany loan activity |
(5,954 |
) |
|
— |
|
|
5,954 |
|
|
— |
|
|
— |
|
Cash used in financing activities |
(14,146 |
) |
|
— |
|
|
5,954 |
|
|
— |
|
|
(8,192 |
) |
Effect of exchange rate changes on cash |
— |
|
|
— |
|
|
2,211 |
|
|
— |
|
|
2,211 |
|
Net decrease in cash and cash equivalents |
(30,439 |
) |
|
— |
|
|
(45,537 |
) |
|
— |
|
|
(75,976 |
) |
Cash and cash equivalents—beginning of period |
34,715 |
|
|
— |
|
|
194,856 |
|
|
— |
|
|
229,571 |
|
Cash and cash equivalents—end of period |
$ |
4,276 |
|
|
$ |
— |
|
|
$ |
149,319 |
|
|
$ |
— |
|
|
$ |
153,595 |
|
|