| Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net (loss) income | ||||||||||
58,322 | 159,789 | 46,978 | -17,588 | -195,076 | 9,591 | -280,023 | 28,917 | 123,536 | 70,676 | -31,363 |
Adjustments to reconcile net (loss) income to cash provided by operating activities: | ||||||||||
Goodwill impairment charges | ||||||||||
- | - | - | 8,845 | 141,021 | 0 | 321,000 | 0 | 0 | - | - |
Asset impairment charges | ||||||||||
63 | -1,021 | -717 | 20,682 | 45,119 | - | - | 0 | 0 | - | - |
Exit-related asset impairments | ||||||||||
23 | -1,000 | -407 | 1,790 | 6,502 | - | - | 0 | - | - | - |
Depreciation and amortization | ||||||||||
53,336 | 49,672 | 49,840 | 54,630 | 67,936 | 79,209 | 83,070 | 82,256 | 74,866 | 63,418 | 60,681 |
Inventory write-downs | ||||||||||
775 | 38 | 0 | 710 | 3,031 | 0 | 0 | - | - | - | 51,968 |
Deferred income taxes | ||||||||||
14,613 | -37,995 | 2,278 | 507 | -1,988 | -3,815 | -59,102 | 8,321 | 21,004 | 10,891 | 24,727 |
Undistributed equity in earnings of joint ventures | ||||||||||
1,452 | 1,953 | 3,674 | 819 | 1,490 | 1,196 | 1,183 | 2,307 | 4,622 | 3,076 | 537 |
Other asset impairment charges | ||||||||||
- | - | - | - | - | 1,460 | 13,053 | - | - | - | - |
Share-based compensation expense | ||||||||||
17,300 | 18,965 | 10,847 | 10,437 | 10,481 | 14,506 | 11,475 | 8,793 | 13,655 | 11,035 | 8,898 |
(Gain) loss on the disposal of assets, net | ||||||||||
1,545 | -56 | -448 | 465 | 2,875 | 1,126 | -131 | 135 | -1,529 | -16,943 | 2,034 |
Environmental reserves charges (releases), net | ||||||||||
- | - | - | - | - | - | - | - | - | - | -3,510 |
Voluntary incentive award forfeitures | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,504 |
Net gain on derivatives | ||||||||||
- | - | - | - | - | - | - | - | 772 | 4,299 | -1,161 |
Unrealized foreign exchange (gain) loss, net | ||||||||||
-148 | 104 | -361 | 109 | 1,909 | -240 | -1,583 | 334 | -758 | 0 | 0 |
Bad debt expense (recoveries), net | ||||||||||
74 | 323 | 126 | 131 | -264 | 449 | 584 | 688 | 334 | -255 | 8,916 |
Exit-related asset impairment charges, net of gains | ||||||||||
- | - | - | - | - | 566 | 0 | - | - | - | - |
Write-off of debt issuance costs | ||||||||||
- | - | - | 768 | 0 | 0 | - | - | - | - | - |
Excess tax benefit from share-based payment arrangements | ||||||||||
- | - | - | - | 343 | 194 | 343 | 817 | 689 | -128 | 819 |
Gain on settlement of joint venture separation and termination agreement | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,761 |
Changes in assets and liabilities, net of acquisitions: | ||||||||||
Accounts receivable | ||||||||||
-9,478 | 44,941 | 36,195 | 10,693 | -55,600 | 16,360 | 79,118 | -81,701 | 91,715 | 11,569 | -189,511 |
Inventories | ||||||||||
-33,466 | 24,280 | 22,207 | -27,504 | -69,256 | -36,264 | -46,826 | -94,095 | 45,268 | 108,770 | -198,840 |
Income taxes | ||||||||||
1,158 | 1,755 | 1,086 | -5,861 | 5,846 | -4,129 | -2,440 | 20,018 | -22,703 | -33,277 | 46,147 |
Prepaid expenses and other current assets | ||||||||||
859 | 109 | 1,704 | 1,864 | -2,403 | 2,453 | 13,852 | 4,010 | 11,486 | 2,640 | -4,185 |
Other long-term assets | ||||||||||
-1,167 | 1,620 | -537 | -266 | -1,064 | -996 | -977 | 82 | 133 | 206 | 4,514 |
Accounts payable | ||||||||||
-17,068 | 26,049 | 33,062 | -763 | -35,638 | 9,409 | -10,901 | -26,074 | 45,447 | 8,479 | -79,086 |
Accrued payroll and related liabilities | ||||||||||
-19,117 | 4,889 | 12,389 | 3,633 | -6,330 | 8,114 | 2,720 | -13,161 | 2,276 | 12,010 | -35,851 |
Other accrued liabilities | ||||||||||
-3,560 | 6,066 | 5,073 | -4,362 | -2,710 | -91 | -1,770 | 6,500 | -15,676 | -2,519 | -4,858 |
Accrued income taxes | ||||||||||
- | - | - | - | - | - | - | - | - | - | -41,998 |
Environmental liabilities | ||||||||||
-2,476 | 3,053 | 1,884 | -451 | -702 | -1,581 | -146 | -2,201 | -97 | -2,335 | -577 |
Other long-term liabilities | ||||||||||
518 | 4,404 | -1,101 | 30 | -3,384 | 1,825 | 113 | 253 | -167 | -2,128 | -1,574 |
Distributed equity in earnings of joint ventures | ||||||||||
2,692 | 1,150 | 3,638 | 560 | 770 | 1,310 | 1,755 | 2,405 | 4,980 | 430 | 3,825 |
Net cash provided by operating activities | ||||||||||
144,740 | 159,676 | 100,370 | 99,240 | 144,628 | 141,252 | 39,289 | 244,790 | 140,463 | 89,490 | 287,579 |
Cash flows from investing activities: | ||||||||||
Capital expenditures | ||||||||||
94,613 | 77,626 | 44,940 | 34,571 | 32,297 | 39,147 | 90,381 | 78,560 | 104,964 | 64,324 | 59,044 |
Acquisition | ||||||||||
1,553 | 2,300 | 0 | 0 | 150 | 2,160 | 25,366 | 6,567 | 293,880 | 40,944 | 93,053 |
Purchase of cost method investment | ||||||||||
0 | 0 | 6,017 | 0 | 0 | - | - | - | - | - | - |
Joint venture receipts, net | ||||||||||
641 | 11 | 405 | 11 | 1 | 3,765 | 2,194 | 92 | 1,587 | 340 | 1,876 |
Proceeds from sale of assets | ||||||||||
4,070 | 6,517 | 5,158 | 4,106 | 4,270 | 3,841 | 5,491 | 953 | 530 | 41,319 | 3,497 |
Deposit on land option | ||||||||||
1,890 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-89,565 | -73,398 | -45,394 | -30,476 | -28,178 | -41,231 | -112,450 | -84,266 | -399,901 | -64,289 | -150,476 |
Cash flows from financing activities: | ||||||||||
Borrowings from long-term debt | ||||||||||
431,048 | 515,480 | 433,336 | 152,311 | 140,536 | 313,207 | 265,858 | 439,070 | 811,531 | 577,900 | 440,500 |
Repayment of long-term debt | ||||||||||
435,353 | 556,456 | 481,757 | 187,951 | 231,103 | 368,496 | 230,923 | 507,745 | 508,675 | 589,242 | 491,329 |
Payment of debt issuance costs | ||||||||||
102 | 2,590 | 112 | 1,011 | 978 | 0 | 0 | 1,282 | 5,310 | 0 | 0 |
Proceeds from line of credit | ||||||||||
- | - | - | 135,500 | 266,500 | 469,500 | 545,500 | 495,500 | 655,500 | 402,600 | 331,700 |
Repayment of line of credit | ||||||||||
- | - | - | 135,500 | 266,500 | 478,000 | 537,000 | 495,500 | 655,500 | 402,600 | 356,700 |
Purchase of noncontrolling interest | ||||||||||
0 | 600 | 0 | 0 | 759 | 0 | 0 | 4,485 | 0 | 0 | - |
Repurchase of Class A common stock | ||||||||||
13,083 | 17,361 | 0 | 3,479 | 1,347 | 0 | 0 | 33,194 | 10,303 | 17,147 | 29,896 |
Taxes paid related to net share settlement of share-based payment awards | ||||||||||
7,484 | 3,082 | 3,474 | 2,213 | 1,997 | 1,578 | 2,673 | 2,307 | -3,800 | -3,599 | -3,995 |
Excess tax benefit from share-based payment arrangements | ||||||||||
- | - | - | - | 343 | 194 | 343 | 817 | 689 | -128 | 819 |
Purchase of noncontrolling interest | ||||||||||
- | - | - | - | - | - | 24,734 | 0 | 0 | - | - |
Stock options exercised | ||||||||||
- | - | - | - | - | 240 | 316 | 608 | 567 | 937 | 1,681 |
Contributions from noncontrolling interest | ||||||||||
- | - | - | - | - | - | 1,970 | 4,008 | 0 | 0 | - |
Distributions to noncontrolling interests | ||||||||||
1,677 | 2,796 | 2,271 | 2,126 | 3,110 | 3,115 | 2,794 | 4,087 | 2,863 | 3,003 | 1,286 |
Dividends paid | ||||||||||
20,615 | 20,736 | 20,396 | 20,444 | 20,336 | 20,126 | 20,010 | 11,455 | 1,885 | 1,416 | 2,386 |
Net cash provided by financing activities | ||||||||||
-47,266 | -88,141 | -74,674 | -64,913 | -118,751 | -88,174 | -4,147 | -120,052 | 279,951 | -35,698 | -110,892 |
Effect of exchange rate changes on cash | ||||||||||
-255 | -701 | 166 | 213 | -616 | 344 | 926 | -71 | -1,393 | -187 | -224 |
Net (decrease) increase in cash and cash equivalents | ||||||||||
7,654 | -2,564 | -19,532 | 4,064 | -2,917 | 12,191 | -76,382 | 40,401 | 19,120 | -10,684 | 25,987 |
Cash paid during the period for: | ||||||||||
Interest | ||||||||||
6,191 | 8,113 | 7,016 | 6,077 | 7,138 | 8,838 | 8,542 | 10,968 | 7,072 | 2,569 | 3,329 |
Income taxes paid, net | ||||||||||
3,527 | 17,203 | 148 | -5,691 | -1,866 | 69 | -483 | 24,517 | 14,330 | -3,783 | 42,443 |
Schedule of noncash investing and financing transactions: | ||||||||||
Purchases of property, plant and equipment included in current liabilities | ||||||||||
17,191 | 18,768 | 11,082 | 8,268 | 6,086 | 7,249 | 8,922 | 15,826 | - | - | - |