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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2019
May 31, 2018
Cash flows from operating activities:    
Net income $ 46,355 $ 99,587
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 39,644 37,009
Asset impairment charges (recoveries), net 63 (1,553)
Exit-related asset impairments 23 0
Inventory write-downs 775 38
Share-based compensation expense 13,437 13,815
Deferred income taxes 9,402 (9,791)
Undistributed equity in earnings of joint ventures (980) (1,328)
Loss on disposal of assets, net 252 203
Unrealized foreign exchange loss (gain), net 86 (180)
Bad debt expense, net 63 307
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (9,779) (61,557)
Inventories 14,832 (58,047)
Income taxes 689 (998)
Prepaid expenses and other current assets (3,258) (7,249)
Other long-term assets 735 (1,512)
Accounts payable (19,482) 26,257
Accrued payroll and related liabilities (25,315) 2,346
Other accrued liabilities (3,811) 9,328
Environmental liabilities (2,637) 2,634
Other long-term liabilities (4) 3,307
Distributed equity in earnings of joint ventures 1,942 1,025
Net cash provided by operating activities 63,032 53,641
Cash flows from investing activities:    
Capital expenditures (61,000) (46,096)
Acquisitions (1,553) (2,300)
Joint venture receipts, net 641 4
Proceeds from sale of assets 1,641 3,397
Deposit on land option 1,260 0
Net cash used in investing activities (59,011) (44,995)
Cash flows from financing activities:    
Borrowings from long-term debt 316,676 426,480
Repayments of long-term debt (282,932) (402,153)
Payment of debt issuance costs (102) 0
Repurchases of Class A common stock (10,087) (8,778)
Taxes paid related to net share settlement of share-based payment awards (7,463) (3,030)
Distributions to noncontrolling interests (941) (1,709)
Purchase of noncontrolling interest 0 (600)
Dividends paid (15,600) (15,721)
Net cash used in financing activities (449) (5,511)
Effect of exchange rate changes on cash (176) (332)
Net increase in cash and cash equivalents 3,396 2,803
Cash and cash equivalents as of beginning of period 4,723 7,287
Cash and cash equivalents as of end of period 8,119 10,090
Cash paid during the year for:    
Interest 4,831 5,923
Income taxes paid, net 3,436 13,785
Schedule of noncash investing and financing transactions:    
Purchases of property, plant and equipment included in current liabilities $ 9,839 $ 8,105