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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Aug. 31, 2017
USD ($)
Aug. 31, 2016
USD ($)
Aug. 31, 2015
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 258,259 $ 338,815 $ 241,051
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 48,294 38,052 31,349
Stock-based compensation expense 34,183 29,793 26,371
Loss (gain) on sale of business 1,223 (112,453)
Deferred income taxes 4,879 4,528 (969)
Loss (gain) on sale of assets 59 8 (34)
Tax benefits from share-based payment arrangements (10,331) (18,205) (28,948)
Changes in assets and liabilities, net of effects of acquisitions      
Accounts receivable, net of reserves (29,503) (3,541) (4,300)
Accounts payable and accrued expenses (2,226) 5,525 8,123
Accrued compensation 6,427 3,961 3,516
Deferred fees (229) 700 53
Taxes payable, net of prepaid taxes 7,877 30,270 30,437
Prepaid expenses and other assets (850) 7 (4,523)
Deferred rent and other non-current liabilities 2,331 13,674 4,322
Other working capital accounts, net 132 6 (6)
Net cash provided by operating activities 320,527 331,140 306,442
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of businesses, net of cash acquired (303,086) (262,909) (34,758)
Proceeds from sale of business, net 153,137
Purchases of investments (30,757) (18,137) (24,264)
Proceeds from sales of investments 23,399 17,241 19,827
Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions (36,862) (47,740) (25,682)
Net cash used in investing activities (347,306) (158,408) (64,877)
CASH FLOWS FROM FINANCING ACTIVITIES      
Dividend payments (80,898) (74,218) (66,551)
Repurchase of common stock (260,978) (356,828) (256,217)
Proceeds from debt 640,000 265,000 35,000
Repayment of debt (365,000)
Sale of business (1,223)
Debt issuance costs (438) (12) (32)
Proceeds from employee stock plans 50,045 56,851 71,526
Tax benefits from share-based payment arrangements 10,331 18,205 28,948
Net cash used in financing activities (8,161) (91,002) (187,326)
Effect of exchange rate changes on cash and cash equivalents 1,264 (12,237) (11,703)
Net (decrease) increase in cash and cash equivalents (33,676) 69,493 42,536
Cash and cash equivalents at beginning of period 228,407 158,914 116,378
Cash and cash equivalents at end of period 194,731 228,407 158,914
Supplemental Disclosure of Cash Flow Information      
Cash paid during the year for income taxes, net of refunds 74,788 87,513 64,750
Supplemental Disclosure of Non-Cash Transactions      
Dividends declared, not paid 21,853 20,019 18,179
Stock issued for acquisition of business $ 2,991