| Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income | |||||||||
32,711 | 43,143 | 42,014 | 32,807 | 26,413 | 26,523 | 16,740 | 9,264 | 10,931 | 12,516 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Gain on sale of real estate | |||||||||
- | - | 860 | - | - | 2 | - | - | - | - |
Gain on sale of license | |||||||||
- | 1,085 | - | - | - | - | 8 | -32 | 6 | 10 |
Loss on impairment of goodwill (Note 7) | |||||||||
2,410 | - | - | - | - | - | - | - | - | - |
Gain on sale of businesses | |||||||||
- | 1,480 | 2,013 | 1,031 | - | 5,706 | - | - | - | - |
Loss on write-down of certain assets under construction | |||||||||
- | - | - | 365 | - | - | - | - | - | - |
Gain on sale of discontinued operations | |||||||||
- | - | - | - | - | - | - | - | - | 712 |
Depreciation | |||||||||
4,762 | 5,817 | 5,130 | 5,606 | 5,810 | 5,692 | 5,872 | 3,172 | 2,759 | 3,084 |
Amortization | |||||||||
12,445 | 11,807 | 9,127 | 7,836 | 6,762 | 4,822 | 4,793 | 2,716 | 2,309 | 3,039 |
Cost of sale of inventory step-up | |||||||||
- | 1,070 | 190 | - | 65 | - | 564 | 828 | - | 347 |
Provision (recovery) for allowance for doubtful accounts | |||||||||
183 | 101 | -359 | 169 | 57 | 28 | -114 | 155 | 127 | 178 |
Stock-based compensation | |||||||||
2,176 | 2,128 | 2,212 | 1,333 | 1,120 | 1,096 | 1,621 | 2,040 | 1,682 | 2,220 |
Realized (loss) gain on restricted investments | |||||||||
11 | 97 | 127 | 67 | 86 | 63 | 51 | 22 | 18 | 7 |
Decrease in cash surrender value of life insurance | |||||||||
- | - | - | 103 | 326 | 202 | 52 | -37 | 37 | 24 |
Pension curtailment and settlement loss | |||||||||
511 | - | 14 | 13 | 188 | 348 | 1,223 | 550 | - | - |
Excess tax expense from stock-based compensation | |||||||||
- | - | - | 1,784 | 1,088 | 1,324 | 622 | 209 | -37 | -196 |
Deferred taxes | |||||||||
2,312 | 2,473 | 2,263 | 2,590 | 1,222 | 2,529 | 1,385 | 1,442 | 527 | 655 |
Increase (decrease) from changes in assets and liabilities | |||||||||
Accounts receivable | |||||||||
-4,858 | 2,968 | 1,003 | -3,312 | 4,534 | 3,335 | 363 | 1,717 | 301 | 5,455 |
Inventory | |||||||||
2,864 | 8,845 | -116 | -3,124 | -2,284 | 1,550 | 1,240 | -942 | 6,059 | 4,910 |
Prepaid expenses and other assets | |||||||||
-356 | -569 | 878 | 475 | -388 | 297 | -8 | 55 | 497 | 1,862 |
Accounts payable | |||||||||
-5,493 | 2,847 | 1,420 | -2,821 | 687 | 2,578 | 886 | -2,683 | 522 | 1,765 |
Accrued compensation and other expenses | |||||||||
-1,536 | -501 | -825 | 1,490 | -87 | 1,351 | -791 | -174 | -215 | 1,825 |
Accrued income taxes | |||||||||
1,339 | -3,962 | 37 | 1,443 | 3,876 | 627 | 850 | 408 | -1,555 | -228 |
Deferred compensation | |||||||||
- | - | - | - | - | 141 | 122 | 178 | 77 | -9 |
Net cash provided by operating activities | |||||||||
49,535 | 46,071 | 51,932 | 48,833 | 40,959 | 28,606 | 28,157 | 13,946 | 9,303 | 11,346 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Purchases of property, plant and equipment | |||||||||
2,488 | 3,488 | 3,199 | 2,046 | 2,642 | 4,290 | 3,043 | 5,230 | 4,496 | 3,572 |
Cost to acquire intangible assets | |||||||||
-36 | -18 | -71 | -64 | -34 | - | - | - | - | - |
Payments for acquisitions | |||||||||
- | 73,469 | 30,270 | 1,161 | 33,285 | - | -84 | 62,217 | - | 25,592 |
Retirements of (cost to acquire) intangible assets | |||||||||
- | - | - | - | - | 123 | 354 | 74 | - | - |
Payments for acquisitions | |||||||||
- | - | - | - | - | 160 | 141 | 358 | 272 | 295 |
Proceeds from sale of real estate | |||||||||
- | - | 2,122 | - | - | 17 | 105 | 1,032 | 11 | - |
Proceeds from sale of license | |||||||||
- | 1,000 | - | - | - | - | - | - | - | - |
Proceeds from sale of businesses | |||||||||
400 | 2,232 | 3,915 | 1,729 | 739 | 9,179 | - | - | - | - |
Changes in restricted investments | |||||||||
122 | 23 | -897 | 149 | 308 | -3 | 48 | 60 | 54 | 16 |
Net proceeds from sale of business | |||||||||
- | - | - | - | - | - | - | - | 1,478 | 12,689 |
Proceeds from settlement of life insurance policies | |||||||||
80 | - | 1,504 | 1,238 | - | - | - | - | - | - |
Payments for cash surrender value life insurance | |||||||||
- | - | - | 159 | 183 | 183 | 183 | 183 | 839 | 543 |
Net cash used in investing activities | |||||||||
-2,166 | -73,766 | -25,102 | -612 | -35,713 | 4,443 | -3,580 | -67,090 | -4,172 | -17,329 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Borrowings on debt | |||||||||
- | 65,000 | - | - | 2,000 | 2,104 | 313 | 79,331 | 3,538 | 31,894 |
Payments of principal on debt | |||||||||
25,000 | 40,000 | 43,400 | 8,400 | 9,000 | 7,704 | 5,913 | 22,054 | 7,938 | 17,827 |
Dividend paid | |||||||||
7,522 | 7,497 | 6,532 | 5,999 | 5,477 | 4,093 | 3,626 | 3,165 | 3,131 | 1,759 |
Proceeds from exercise of common stock options | |||||||||
182 | 192 | 95 | 124 | 391 | 66 | 74 | - | 386 | 245 |
Payments of taxes on stock options and restricted stock | |||||||||
1,110 | 3,272 | 2,959 | 2,808 | 2,000 | 2,198 | 1,083 | 813 | 547 | 693 |
Excess tax benefit from stock-based compensation | |||||||||
- | - | - | 1,784 | 1,088 | 1,324 | 621 | 209 | -37 | -196 |
Payment for acquisition of noncontrolling interest | |||||||||
- | - | - | - | 500 | - | - | - | - | - |
Net cash used in financing activities | |||||||||
-33,450 | 14,423 | -52,796 | -15,299 | -13,498 | -10,501 | -9,614 | 53,508 | -7,729 | 11,664 |
INCREASE IN CASH & CASH EQUIVALENTS | |||||||||
13,919 | -13,272 | -25,966 | 32,922 | -8,252 | 22,548 | 14,963 | 364 | -2,598 | 5,681 |
Effect of foreign exchange rates on cash | |||||||||
-976 | 746 | -91 | -3,330 | -1,151 | 677 | -146 | -166 | 240 | 16 |
Non-cash Investing and Financing Activities | |||||||||
Common stock received for payment of stock option exercises | |||||||||
- | - | - | - | -2,180 | - | - | - | - | - |
Property, plant and equipment additions included in accounts payable | |||||||||
- | - | - | - | 53 | - | - | - | - | - |