CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
May 31, 2021 |
May 31, 2020 |
May 31, 2021 |
May 31, 2020 |
| Operating Activities: |
|
|
|
|
| Net income |
$ 22,581
|
$ 12,633
|
$ 78,725
|
$ 58,053
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
| Depreciation and amortization |
|
|
48,350
|
44,867
|
| Allowance for doubtful accounts |
|
|
19
|
(18)
|
| Loss on sale of property and equipment |
|
|
568
|
251
|
| Deferred income taxes |
|
|
(2,748)
|
(4,079)
|
| Equity in losses of unconsolidated affiliates |
13
|
16
|
34
|
79
|
| Stock-based compensation |
|
|
13,221
|
9,976
|
| Change in operating assets and liabilities: |
|
|
|
|
| Receivables, prepaid expenses and other current assets, non-current assets, accrued salaries and benefits, deferred membership income and other accruals |
|
|
6,147
|
(157)
|
| Merchandise inventories |
|
|
(27,136)
|
62,511
|
| Accounts payable |
|
|
(37,213)
|
2,647
|
| Net cash provided by operating activities |
|
|
79,967
|
174,130
|
| Investing Activities: |
|
|
|
|
| Additions to property and equipment |
|
|
(73,350)
|
(89,713)
|
| Purchases of short-term investments |
|
|
(58,355)
|
(31,711)
|
| Proceeds from settlements of short-term investments |
|
|
37,605
|
8,891
|
| Purchases of long-term investments |
|
|
(1,479)
|
(1,489)
|
| Proceeds from settlements of long-term investments |
|
|
1,479
|
|
| Proceeds from disposal of property and equipment |
|
|
109
|
44
|
| Net cash used in investing activities |
|
|
(93,991)
|
(113,978)
|
| Financing Activities: |
|
|
|
|
| Proceeds from long-term bank borrowings |
|
|
3,000
|
57,820
|
| Repayment of long-term bank borrowings |
|
|
(13,135)
|
(7,542)
|
| Proceeds from short-term bank borrowings |
|
|
|
271,014
|
| Repayment of short-term bank borrowings |
|
|
(64,916)
|
(207,368)
|
| Cash dividend payments |
|
|
(11,108)
|
(10,811)
|
| Purchase of treasury stock |
|
|
(2,574)
|
(1,585)
|
| Other financing activities |
|
|
(223)
|
(20)
|
| Net cash provided by (used in) financing activities |
|
|
(88,956)
|
101,508
|
| Effect of exchange rate changes on cash and cash equivalents and restricted cash |
|
|
(2,351)
|
(1,872)
|
| Net increase (decrease) in cash, cash equivalents |
|
|
(105,331)
|
159,788
|
| Cash, cash equivalents and restricted cash at beginning of period |
|
|
303,771
|
106,236
|
| Cash, cash equivalents and restricted cash at end of period |
198,440
|
266,024
|
198,440
|
266,024
|
| Supplemental disclosure of noncash investing activities: |
|
|
|
|
| Capital expenditures accrued, but not yet paid |
|
|
8,763
|
7,975
|
| Dividends declared but not yet paid |
10,755
|
10,719
|
10,755
|
10,719
|
| Reconciliation of cash, cash equivalents, and restricted cash: |
|
|
|
|
| Cash and cash equivalents |
190,687
|
261,788
|
190,687
|
261,788
|
| Short-term restricted cash |
781
|
240
|
781
|
240
|
| Long-term restricted cash |
6,972
|
3,996
|
6,972
|
3,996
|
| Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows |
$ 198,440
|
$ 266,024
|
$ 198,440
|
$ 266,024
|