CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 31, 2022	Aug. 31, 2021
Current assets:
Cash and cash equivalents	$ 40,799	$ 85,961
Trade and other accounts receivable, less allowance for doubtful accounts of $329 and $463 at May 31, 2022 and August 31, 2021, respectively	92,621	89,558
Inventories	95,993	55,752
Other current assets	11,941	9,948
Total current assets	241,354	241,219
Property and equipment, net	69,156	70,145
Goodwill	95,499	95,869
Other intangible assets, net	6,037	7,244
Operating lease right-of-use assets	7,507	8,824
Deferred tax assets, net	852	858
Other assets	8,718	6,044
Total assets	429,123	430,203
Current liabilities:
Accounts payable	40,684	33,499
Accrued liabilities	26,064	25,658
Accrued payroll and related expenses	13,021	25,662
Short-term borrowings	16,377	800
Income taxes payable	123	317
Total current liabilities	96,269	85,936
Long-term borrowings	110,189	114,940
Deferred tax liabilities, net	10,421	10,401
Long-term operating lease liabilities	5,870	7,062
Other long-term liabilities	11,145	11,482
Total liabilities	233,894	229,821
Commitments and Contingencies (Note 11)
Shareholders' equity:
Common stock ― authorized 36,000,000 shares, $0.001 par value; 19,887,577 and 19,856,865 shares issued at May 31, 2022 and August 31, 2021, respectively; and 13,637,841 and 13,708,966 shares outstanding at May 31, 2022 and August 31, 2021, respectively	20	20
Additional paid-in capital	165,159	163,737
Retained earnings	451,962	430,735
Accumulated other comprehensive loss	(31,442)	(26,030)
Common stock held in treasury, at cost ― 6,249,736 and 6,147,899 shares at May 31, 2022 and August 31, 2021, respectively	(390,470)	(368,080)
Total shareholders' equity	195,229	200,382
Total liabilities and shareholders' equity	$ 429,123	$ 430,203