CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2019	Aug. 31, 2019
Current assets:
Cash and cash equivalents	$ 28,680	$ 27,233
Trade accounts receivable, less allowance for doubtful accounts of $320 and $300 at November 30, 2019 and August 31, 2019, respectively	70,058	72,864
Inventories	43,703	40,682
Other current assets	6,783	7,216
Total current assets	149,224	147,995
Property and equipment, net	50,103	45,076
Goodwill	95,573	95,347
Other intangible assets, net	10,124	10,652
Operating lease right-of-use assets	8,734
Deferred tax assets, net	428	403
Other assets	3,305	3,189
Total assets	317,491	302,662
Current liabilities:
Accounts payable	18,457	18,727
Accrued liabilities	20,041	18,513
Accrued payroll and related expenses	13,361	15,301
Short-term borrowings	29,088	21,205
Income taxes payable	73	844
Total current liabilities	81,020	74,590
Long-term borrowings	61,152	60,221
Deferred tax liabilities, net	11,784	11,688
Long-term operating lease liabilities	7,084
Other long-term liabilities	10,459	10,688
Total liabilities	171,499	157,187
Commitments and Contingencies (Note 13)
Shareholders' equity:
Common stock - authorized 36,000,000 shares, $0.001 par value; 19,796,319 and 19,773,977 shares issued at November 30, 2019 and August 31, 2019, respectively; and 13,714,203 and 13,718,661 shares outstanding at November 30, 2019 and August 31, 2019 respectively	20	20
Additional paid-in capital	154,706	155,132
Retained earnings	377,848	374,060
Accumulated other comprehensive loss	(30,370)	(32,482)
Common stock held in treasury, at cost - 6,082,116 and 6,055,316 shares at November 30, 2019 and August 31, 2019, respectively	(356,212)	(351,255)
Total shareholders' equity	145,992	145,475
Total liabilities and shareholders' equity	$ 317,491	$ 302,662