|
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
|
6 Months Ended |
|
Feb. 28, 2014
|
Feb. 28, 2013
|
| Operating from continuing and discontinued operations: |
|
|
| Net income |
$ 22,281 |
$ 24,169 |
| Adjustments to reconcile net income to net cash provided from (used in) operating activities: |
|
|
| Depreciation |
16,419 |
15,023 |
| Amortization |
6,669 |
5,782 |
| Deferred tax provision |
(2,895) |
(8,413) |
| Pension, postretirement benefits and other deferred compensation |
4,494 |
4,398 |
| Asset impairment |
104 |
498 |
| Curtailment (gain) loss |
0 |
333 |
| Gain on sale of assets from discontinued operations |
(3,331) |
0 |
| Changes in assets and liabilities, net of acquisitions: |
|
|
| Accounts receivable |
(21,283) |
(14,306) |
| Inventories |
(13,107) |
(19,199) |
| Accounts payable |
(15,534) |
(6,324) |
| Income taxes |
229 |
(930) |
| Accrued payroll and other accrued liabilities |
375 |
804 |
| Other assets and long-term liabilities |
(3,100) |
(9,887) |
| Net cash provided from (used in) operating activities |
(8,679) |
(8,052) |
| Investing from continuing and discontinued operations: |
|
|
| Expenditures for property, plant and equipment |
(16,541) |
(12,889) |
| Proceeds from the sale of assets |
4,738 |
8,008 |
| Business acquisitions, net of cash acquired |
(115,624) |
(36,360) |
| Net cash provided from (used in) investing activities |
(127,427) |
(41,241) |
| Financing from continuing and discontinued operations: |
|
|
| Cash dividends paid |
(11,777) |
(11,713) |
| Increase (decrease) in short-term debt |
2,469 |
2,081 |
| Borrowings on long-term debt |
686,955 |
70,696 |
| Repayments on long-term debt |
(583,914) |
(56,565) |
| Payment of debt issuance costs |
(1,782) |
0 |
| Issuances of stock, common and treasury |
276 |
1,394 |
| Redemptions of common stock |
(361) |
(397) |
| Purchases of treasury stock |
(1,116) |
(479) |
| Net cash provided from (used in) financing activities |
90,750 |
5,017 |
| Effect of exchange rate changes on cash |
1,355 |
(59) |
| Net increase (decrease) in cash and cash equivalents |
(44,001) |
(44,335) |
| Cash and cash equivalents at beginning of period |
134,054 |
124,031 |
| Cash and cash equivalents at end of period |
$ 90,053 |
$ 79,696 |