| Aug'19 | Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net income | |||||||||
55,908 | 65,215 | 52,930 | 52,628 | 44,807 | 43,746 | 39,813 | 35,485 | 36,433 | 36,095 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
7,593 | 7,800 | 6,769 | 6,465 | 6,464 | 5,860 | 5,359 | 4,869 | 4,386 | 4,248 |
Impairment of long-lived assets | |||||||||
- | - | - | - | - | - | 1,077 | 0 | 0 | - |
Net gains on sales and disposals of property and equipment | |||||||||
99 | 164 | 115 | 75 | 71 | 39 | -3 | -67 | -154 | 43 |
Deferred income taxes | |||||||||
-4 | -7,186 | 1,608 | -2,227 | -1,334 | -736 | -1,004 | 367 | 2,831 | -152 |
Excess tax benefits from settlements of stock-based equity awards | |||||||||
- | - | - | - | 1,205 | 831 | 850 | 671 | 1,195 | 224 |
Stock-based compensation | |||||||||
4,446 | 4,195 | 4,138 | 3,655 | 2,782 | 2,263 | 2,453 | 2,769 | 3,033 | 2,864 |
Unrealized foreign currency exchange (gains) losses | |||||||||
-651 | 302 | -364 | 986 | -2,086 | 66 | -1,113 | -2,112 | -469 | -931 |
Provision for bad debts | |||||||||
67 | 121 | -138 | 52 | 302 | 218 | 511 | 157 | 162 | 103 |
Changes in assets and liabilities: | |||||||||
Trade accounts receivable | |||||||||
7,318 | 5,635 | -482 | 9,936 | 314 | 5,821 | 3,800 | -226 | 9,776 | 1,723 |
Inventories | |||||||||
4,800 | 1,299 | 3,487 | 1,001 | -2,037 | 2,237 | 2,829 | 12,347 | 2,654 | -2,967 |
Other assets | |||||||||
-5,802 | 5,353 | 3,514 | -1,557 | -1,731 | 2,209 | 1,998 | 64 | -2,795 | 2,738 |
Accounts payable and accrued liabilities | |||||||||
-7,948 | 6,107 | 2,827 | 2,871 | -2,464 | -560 | -886 | 3,206 | 657 | 6,092 |
Accrued payroll and related expenses | |||||||||
879 | 590 | -6,632 | 8,120 | -2,722 | -3,047 | 10,362 | -2,794 | -7,802 | 6,875 |
Other long-term liabilities and income taxes payable | |||||||||
7,674 | 733 | 340 | 4,179 | - | - | - | - | - | - |
Income taxes payable | |||||||||
- | - | - | - | 2,737 | 2,001 | 2,284 | 1,412 | 2,661 | -346 |
Other long-term liabilities | |||||||||
- | - | - | - | 228 | 188 | -39 | -545 | -2,145 | 1,475 |
Net cash provided by operating activities | |||||||||
62,851 | 64,822 | 55,572 | 65,302 | 55,064 | 38,730 | 51,569 | 34,249 | 30,009 | 56,424 |
Investing activities: | |||||||||
Purchases of property and equipment | |||||||||
13,282 | 12,356 | 20,150 | 4,354 | 5,784 | 4,085 | 2,854 | 3,765 | 2,875 | 1,769 |
Proceeds from sales of property and equipment | |||||||||
383 | 458 | 430 | 301 | 333 | 331 | 158 | 1,167 | 170 | 216 |
Purchases of intangible assets | |||||||||
- | 175 | - | - | - | 1,799 | - | - | - | - |
Acquisition of business | |||||||||
- | - | - | - | 4,117 | 0 | 0 | - | - | - |
Purchases of short-term investments | |||||||||
- | 83,704 | 27,136 | 24,899 | 10,575 | 7,710 | 38,838 | 1,029 | 515 | 0 |
Maturities of short-term investments | |||||||||
219 | 166,984 | 4,565 | 8,032 | 3,192 | 2,760 | 2,000 | 514 | - | 0 |
Net cash used in investing activities | |||||||||
-12,680 | 71,207 | -42,291 | -20,920 | -16,951 | -10,503 | -39,534 | -3,113 | -3,220 | -1,553 |
Financing activities: | |||||||||
Treasury stock purchases | |||||||||
29,625 | 22,616 | 31,109 | 32,131 | 30,259 | 42,773 | 31,437 | 39,840 | 41,399 | 0 |
Dividends paid | |||||||||
32,889 | 29,585 | 26,808 | 23,669 | 21,720 | 20,184 | 19,044 | 18,228 | 18,230 | 16,657 |
Proceeds from issuance of common stock | |||||||||
- | 215 | 775 | 1,200 | 2,111 | 1,284 | 4,791 | 7,030 | 20,215 | 3,572 |
Proceeds from issuance of long-term senior notes | |||||||||
- | 20,000 | - | - | 10,000 | 35,000 | 18,000 | 114,550 | 5,000 | 0 |
Excess tax benefits from settlements of stock-based equity awards | |||||||||
- | - | - | - | 1,205 | 831 | 850 | 671 | 1,195 | 224 |
Repayments of revolving credit facility | |||||||||
- | - | - | - | - | - | - | 69,550 | 5,000 | 0 |
Repayments of long-term senior notes | |||||||||
800 | 400 | - | - | - | - | - | 10,715 | 10,714 | 10,714 |
Net proceeds of revolving credit facility | |||||||||
-2,912 | -87,200 | 32,000 | 14,000 | - | - | - | - | - | - |
Shares withheld to cover taxes upon conversions of equity awards | |||||||||
2,783 | 1,823 | 1,696 | 2,634 | - | - | - | - | - | - |
Net cash used in financing activities | |||||||||
-69,009 | -121,409 | -26,838 | -43,234 | -38,663 | -25,842 | -26,840 | -16,082 | -48,933 | -23,575 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||
-2,795 | -2,836 | -252 | -4,153 | -3,357 | 1,984 | -1,480 | -1,728 | 2,609 | -1,324 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-21,633 | 11,784 | -13,809 | -3,005 | -3,907 | 4,369 | -16,285 | 13,326 | -19,535 | 29,972 |
Interest | |||||||||
2,199 | 4,286 | 2,625 | 1,573 | 1,168 | 915 | 698 | 642 | 986 | 1,767 |
Income taxes, net of tax refunds received | |||||||||
16,879 | 10,478 | 21,933 | 16,494 | 15,414 | 18,147 | 16,614 | 13,240 | 11,424 | 18,948 |