 |
v2.4.0.6
|
Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified
|
9 Months Ended |
|
Feb. 29, 2012
|
Feb. 28, 2011
|
| Cash flows from operating activities: |
|
|
| Net income |
$ 1,934 |
$ 8,978 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
9,461 |
9,112 |
| Amortization of bond discounts and premiums |
501 |
|
| Tax effect on exercise of stock options and issuance of performance shares |
(237) |
(97) |
| Deferred income taxes |
(247) |
2,437 |
| Stock based compensation |
2,998 |
3,402 |
| Change in accounts receivable allowances |
46 |
(63) |
| Other |
(224) |
(29) |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
372 |
1,440 |
| Inventories |
(277) |
55 |
| Prepaid expenses and other |
(5,282) |
2,371 |
| Accounts payable and accrued liabilities |
3,457 |
(5,633) |
| Net cash provided by operating activities |
12,502 |
21,973 |
| Cash flows from investing activities: |
|
|
| Additions to property, plant and equipment |
(1,879) |
(1,972) |
| Acquisition of intangible and other assets |
(500) |
(1,084) |
| Other cash flows from investing activities |
1,000 |
(182) |
| Purchases of marketable securities |
(118,323) |
(149,990) |
| Proceeds from sale or maturity of marketable securities |
94,262 |
105,890 |
| Net cash used in investing activities |
(25,440) |
(47,338) |
| Cash flows from financing activities: |
|
|
| Repayment of long-term debt |
(205) |
(195) |
| Proceeds from exercise of stock options and employee stock purchase plan |
3,312 |
2,012 |
| Repurchase and retirement of shares |
(2,104) |
|
| Net cash provided by financing activities |
1,003 |
1,817 |
| Effect of exchange rate changes on cash and cash equivalents |
(2) |
42 |
| Decrease in cash and cash equivalents |
(11,937) |
(23,506) |
| Cash and cash equivalents at beginning of period |
45,984 |
58,763 |
| Cash and cash equivalents at end of period |
$ 34,047 |
$ 35,257 |
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Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed.
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The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy.
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The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets.
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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
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The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
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The net cash inflow or outflow resulting from the entity's share transaction.
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The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities (held-to-maturity or available-for-sale) during the period.
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Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected).
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-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.5)
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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.
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-URI http://asc.fasb.org/extlink&oid=6513228
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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
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Reductions in the entity's income taxes that arise when compensation cost (from non-qualified stock options) recognized on the entity's tax return exceeds compensation cost from non-qualified stock options recognized on the income statement. This element increases net cash provided by operating activities.
+ References
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-Number 123R
-Paragraph A132
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 20
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