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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 01, 2022
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES            
Net income   $ 12,092 $ 15,545 $ 27,319 $ 34,398  
Adjustments to reconcile net income to net cash provided by operating activities            
Loss on impairment/write-off of long-term assets   331   1,193    
Loss on contingent consideration       563 (199)  
Depreciation       6,708 2,654  
Amortization       18,721 9,092  
Provision for allowance for doubtful accounts       224 91  
Stock-based compensation       2,739 2,418  
Realized gain on restricted investments       (100) (86)  
Pension curtailment and settlement loss       158    
Deferred taxes       (3,736) (187)  
Increase (decrease) from changes in assets and liabilities            
Accounts receivable       1,167 (5,852)  
Inventory       2,094 (17,768)  
Prepaid expenses and other assets       (2,251) (573)  
Accounts payable       (4,587) (936)  
Accrued compensation and other expenses       (5,566) (1,765)  
Accrued income taxes       (2,831) (1,001)  
Net cash provided by operating activities       41,815 20,286  
CASH FLOWS FROM INVESTING ACTIVITIES            
Purchases of property, plant and equipment       (5,729) (3,103)  
Payments for acquisitions, net of cash acquired $ (249,594)     (249,594)    
Changes in restricted investments       (200) (340)  
Net cash used in investing activities       (255,523) (3,443)  
CASH FLOWS FROM FINANCING ACTIVITIES            
Payments of principal on debt       (50,000)    
Dividend paid       (9,500) (9,460)  
Payments of taxes on stock options and restricted stock       (323)    
Net cash used in financing activities       (59,823) (9,460)  
(DECREASE) INCREASE IN CASH & CASH EQUIVALENTS       (273,531) 7,383  
Effect of foreign exchange rates on cash       1,107 (2,129)  
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 315,495     315,495 119,429 $ 119,429
CASH AND CASH EQUIVALENTS, END OF PERIOD   $ 43,071 $ 124,683 43,071 124,683 $ 315,495
Non-cash Investing and Financing Activities            
Common stock received for payment of stock option exercises       557    
Property, plant and equipment additions included in accounts payable       $ 418 $ 207