Note 9 - Goodwill

12 Months Ended

Aug. 31, 2014

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

9. GOODWILL

Changes in the carrying amount of goodwill by segment for fiscal years ended August 31, 2014 and 2013 are as follows (in thousands):

	U.S.		Europe			Asia Pacific			Total
Balance at August 31, 2012	$	167,817	$	73,806		$	4,168		$	245,791
Goodwill acquired during the period		5		0			0			5
Foreign currency translations		0		(382	)		(841	)		(1,223	)
Balance at August 31, 2013	$	167,822	$	73,424		$	3,327		$	244,573
Goodwill acquired during the period		11,612		25,531			0			37,143
Foreign currency translations		0		4,077			(185	)		3,892
Balance at August 31, 2014	$	179,434	$	103,032		$	3,142		$	285,608

Goodwill is not amortized as it has an estimated infinite life. At least annually, the Company evaluates goodwill at the reporting unit level for potential impairment. Goodwill is tested for impairment based on the present value of discounted cash flows, and, if impaired, written down to fair value based on discounted cash flows. The Company has three reporting units, which are consistent with the operating segments reported because there is no discrete financial information available for the subsidiaries within each operating segment. The Company’s reporting units evaluated for potential impairment were U.S., Europe and Asia Pacific, which reflects the level of internal reporting the Company uses to manage its business and operations. The Company performed an annual goodwill impairment test during the fourth quarter of fiscal years 2014, 2013 and 2012, which determined that there were no reporting units that were deemed at risk. The fair value of each of the Company’s reporting units significantly exceeded carrying value, thus there had been no impairment.