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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2020
May 31, 2019
Cash flows from operating activities:    
Net (loss) income $ (6,778) $ 46,355
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Asset impairment charges 4,321 63
Exit-related asset impairments 971 23
Depreciation and amortization 43,215 39,644
Inventory write-downs   775
Deferred income taxes 8,570 9,402
Undistributed equity in earnings of joint ventures (698) (980)
Share-based compensation expense 6,710 13,437
(Gain) loss on the disposal of assets, net (19) 252
Unrealized foreign exchange (gain) loss, net (24) 86
Bad debt expense, net 53 63
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 3,914 (9,779)
Inventories 32,754 14,832
Income taxes (11,428) 689
Prepaid expenses and other current assets (1,209) (3,258)
Other long-term assets 563 735
Operating lease assets and liabilities 23  
Accounts payable (32,489) (19,482)
Accrued payroll and related liabilities (1,257) (25,315)
Other accrued liabilities 5,064 (3,811)
Environmental liabilities 2,314 (2,637)
Other long-term liabilities 266 (4)
Distributed equity in earnings of joint ventures 1,000 1,942
Net cash provided by operating activities 55,836 63,032
Cash flows from investing activities:    
Capital expenditures (59,287) (61,000)
Acquisition   (1,553)
Joint venture receipts, net   641
Proceeds from sale of assets 739 1,641
Deposit on land option 630 1,260
Net cash used in investing activities (57,918) (59,011)
Cash flows from financing activities:    
Borrowings from long-term debt 685,527 316,676
Repayment of long-term debt (363,470) (282,932)
Payment of debt issuance costs   (102)
Repurchase of Class A common stock (914) (10,087)
Taxes paid related to net share settlement of share-based payment awards (5,845) (7,463)
Distributions to noncontrolling interests (1,940) (941)
Dividends paid (15,803) (15,600)
Net cash provided by (used in) financing activities 297,555 (449)
Effect of exchange rate changes on cash (195) (176)
Net increase in cash and cash equivalents 295,278 3,396
Cash and cash equivalents as of beginning of period 12,377 4,723
Cash and cash equivalents as of end of period 307,655 8,119
Cash paid during the period for:    
Interest 2,008 4,831
Income taxes paid, net 241 3,436
Schedule of noncash investing and financing transactions:    
Purchases of property, plant and equipment included in current liabilities $ 7,863 $ 9,839