Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
May 31, 2014
May 31, 2013
Operating Activities    
Net earnings (loss) $ 127,986 $ (28,205)
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 46,934 42,790
Asset Impairment Charges 0 170,052
Net gain on disposal of business (26,339) 0
Deferred income tax benefit (11,545) (30,549)
Stock-based compensation expense 14,006 10,507
Amortization of debt discount and debt issuance costs 1,406 1,488
Other non-cash adjustments (346) 171
Sources (uses) of cash from changes in components of working capital and other:    
Accounts receivable (26,271) (25,033)
Inventories (25,676) 7,326
Prepaid expenses and other assets (1,342) (4,613)
Trade accounts payable 1,464 (7,529)
Income taxes payable (25,939) (5,538)
Accrued compensation and benefits 8,553 (12,829)
Other accrued liabilities (9,705) (1,768)
Net cash provided by operating activities 73,186 116,270
Investing Activities    
Capital expenditures (33,839) (18,895)
Proceeds from sale of property, plant and equipment 44,036 1,317
Proceeds from sale of business, net of transaction costs 252,773 4,854
Business acquisitions, net of cash acquired (30,500) (83)
Net cash provided by (used in) investing activities 232,470 (12,807)
Financing Activities    
Net repayments on revolver (125,000) 0
Principal repayments on term loan 0 (5,000)
Purchase of treasury shares (183,152) (13,670)
Stock option exercises and related tax benefits 29,849 18,705
Payment of contingent acquisition consideration (1,585) (3,552)
Cash dividend (2,919) (2,911)
Net cash used in financing activities (282,807) (6,428)
Effect of exchange rate changes on cash 2,790 (3,801)
Net increase in cash and cash equivalents 25,639 93,234
Cash and cash equivalents – beginning of period 103,986 68,184
Cash and cash equivalents – end of period $ 129,625 $ 161,418