Note 9 - Goodwill

3 Months Ended

Nov. 30, 2014

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

9. GOODWILL

Changes in the carrying amount of goodwill by segment for the three months ended November 30, 2014 are as follows (in thousands):

	U.S.		Europe			Asia Pacific			Total
Balance at August 31, 2014	$	179,434	$	103,032		$	3,142		$	285,608
Foreign currency translations		0		(5,795	)		(392	)		(6,187	)
Balance at November 30, 2014	$	179,434	$	97,237		$	2,750		$	279,421

Goodwill is not amortized as it has an estimated indefinite 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 the 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 year 2014, 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.