Guarantor Subsidiaries (Tables)

3 Months Ended

Nov. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block]

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE LOSS

(in thousands)

	Three Months Ended November 30, 2015
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	34,690		$	70,016		$	200,305		$	—		$	305,011
Cost of products sold	7,171			49,642			139,636			—			196,449
Gross profit	27,519			20,374			60,669			—			108,562
Selling, administrative and engineering expenses	19,760			14,386			38,765			—			72,911
Amortization of intangible assets	318			2,616			2,966			—			5,900
Restructuring charges	878			121			3,381			—			4,380
Operating profit	6,563			3,251			15,557			—			25,371
Financing costs, net	7,455			—			(338		)	—			7,117
Intercompany expense (income), net	(5,829		)	(3,757		)	9,586			—			—
Other expense, net	403			62			154			—			619
Earnings before income taxes	4,534			6,946			6,155			—			17,635
Income tax expense	591			1,049			547			—			2,187
Net earnings before equity in earnings (loss) of subsidiaries	3,943			5,897			5,608			—			15,448
Equity in earnings (loss) of subsidiaries	11,505			5,333			(114		)	(16,724		)	—
Net earnings	$	15,448		$	11,230		$	5,494		$	(16,724	)	$	15,448
Comprehensive loss	$	(5,486	)	$	(994	)	$	(3,098	)	$	4,092		$	(5,486	)

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE LOSS

(in thousands)

	Three Months Ended November 30, 2014
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	40,266		$	77,591		$	209,908		$	—		$	327,765
Cost of products sold	9,967			53,258			137,564			—			200,789
Gross profit	30,299			24,333			72,344			—			126,976
Selling, administrative and engineering expenses	19,072			17,467			45,933			—			82,472
Amortization of intangible assets	318			2,785			3,183			—			6,286
Operating profit	10,909			4,081			23,228			—			38,218
Financing costs, net	6,547			—			(356		)	—			6,191
Intercompany expense (income), net	(5,732		)	1,234			4,498			—			—
Other expense (income), net	465			(96		)	(808		)	—			(439		)
Earnings before income taxes	9,629			2,943			19,894			—			32,466
Income tax expense	2,310			706			4,776			—			7,792
Net earnings before equity in earnings of subsidiaries	7,319			2,237			15,118			—			24,674
Equity in earnings of subsidiaries	17,355			14,147			194			(31,696		)	—
Net earnings	$	24,674		$	16,384		$	15,312		$	(31,696	)	$	24,674
Comprehensive loss	$	(38,289	)	$	(6,600	)	$	(23,150	)	$	29,750		$	(38,289	)

Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	November 30, 2015
	Parent		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current assets
Cash and cash equivalents	$	12,575	$	121	$	159,249	$	—		$	171,945
Accounts receivable, net	15,069		41,028		140,848		—			196,945
Inventories, net	23,030		33,103		87,595		—			143,728
Other current assets	11,432		2,059		36,705		—			50,196
Total current assets	62,106		76,311		424,397		—			562,814
Property, plant and equipment, net	5,326		23,105		110,132		—			138,563
Goodwill	38,847		189,337		373,197		—			601,381
Other intangibles, net	10,385		107,049		181,958		—			299,392
Investment in subsidiaries	2,062,302		1,007,347		22,674		(3,092,323		)	—
Intercompany receivable	—		609,571		563,924		(1,173,495		)	—
Other long-term assets	11,141		—		10,244		—			21,385
Total assets	$	2,190,107	$	2,012,720	$	1,686,526	$	(4,265,818	)	$	1,623,535
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities
Trade accounts payable	$	14,480	$	17,586	$	92,317	$	—		$	124,383
Accrued compensation and benefits	12,319		3,543		26,270		—			42,132
Current maturities of debt and short-term borrowings	7,491		—		—		—			7,491
Income taxes payable	2,608		—		8,948		—			11,556
Other current liabilities	23,674		3,747		29,522		—			56,943
Total current liabilities	60,572		24,876		157,057		—			242,505
Long-term debt, less current maturities	580,559		—		—		—			580,559
Deferred income taxes	34,713		—		29,281		—			63,994
Pension and postretirement benefit liabilities	11,306		—		5,132		—			16,438
Other long-term liabilities	46,773		474		8,340		—			55,587
Intercompany payable	791,732		—		381,763		(1,173,495		)	—
Shareholders’ equity	664,452		1,987,370		1,104,953		(3,092,323		)	664,452
Total liabilities and shareholders’ equity	$	2,190,107	$	2,012,720	$	1,686,526	$	(4,265,818	)	$	1,623,535

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	August 31, 2015
	Parent		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current assets
Cash and cash equivalents	$	18,688	$	523	$	149,635	$	—		$	168,846
Accounts receivable, net	16,135		33,748		143,198		—			193,081
Inventories, net	23,074		33,480		86,198		—			142,752
Deferred income taxes	9,256		—		3,666		—			12,922
Other current assets	18,020		2,967		21,801		—			42,788
Total current assets	85,173		70,718		404,498		—			560,389
Property, plant and equipment, net	6,363		23,691		112,404		—			142,458
Goodwill	38,847		189,337		380,072		—			608,256
Other intangibles, net	10,702		109,665		188,395		—			308,762
Investment in subsidiaries	2,067,438		1,017,418		27,552		(3,112,408		)	—
Intercompany receivable	—		619,198		565,968		(1,185,166		)	—
Other long-term assets	10,694		—		6,358		—			17,052
Total assets	$	2,219,217	$	2,030,027	$	1,685,247	$	(4,297,574	)	$	1,636,917
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities
Trade accounts payable	$	14,700	$	19,213	$	84,202	$	—		$	118,115
Accrued compensation and benefits	16,479		2,952		24,276		—			43,707
Current maturities of debt and short-term borrowings	3,750		—		219		—			3,969
Income taxes payable	10,947		—		3,858		—			14,805
Other current liabilities	19,817		4,783		29,860		—			54,460
Total current liabilities	65,693		26,948		142,415		—			235,056
Long-term debt, less current maturities	584,309		—		—		—			584,309
Deferred income taxes	43,210		—		29,731		—			72,941
Pension and postretirement benefit liabilities	11,712		—		6,116		—			17,828
Other long-term liabilities	46,407		400		6,975		—			53,782
Intercompany payable	794,885		—		390,281		(1,185,166		)	—
Shareholders’ equity	673,001		2,002,679		1,109,729		(3,112,408		)	673,001
Total liabilities and shareholders’ equity	$	2,219,217	$	2,030,027	$	1,685,247	$	(4,297,574	)	$	1,636,917

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended November 30, 2015
	Parent			Guarantors			Non-Guarantors			Eliminations		Consolidated
Operating Activities
Cash provided by (used in) operating activities	$	2,021		$	(8,725	)	$	27,073		$	—	$	20,369
Investing Activities
Capital expenditures	(195		)	(606		)	(4,728		)	—		(5,529		)
Proceeds from sale of property, plant and equipment	13			—			1,424			—		1,437
Business acquisitions, net of cash acquired	—			—			(530		)	—		(530		)
Cash used in investing activities	(182		)	(606		)	(3,834		)	—		(4,622		)
Financing Activities
Net repayments on revolver and other debt	—			—			(218		)	—		(218		)
Purchase of treasury shares	(4,682		)	—			—			—		(4,682		)
Stock option exercises, related tax benefits and other	1,090			—			—			—		1,090
Cash dividend	(2,376		)	—			—			—		(2,376		)
Intercompany loan activity	(1,984		)	8,929			(6,945		)	—		—
Cash provided by (used in) financing activities	(7,952		)	8,929			(7,163		)	—		(6,186		)
Effect of exchange rate changes on cash	—			—			(6,462		)	—		(6,462		)
Net (decrease) increase in cash and cash equivalents	(6,113		)	(402		)	9,614			—		3,099
Cash and cash equivalents—beginning of period	18,688			523			149,635			—		168,846
Cash and cash equivalents—end of period	$	12,575		$	121		$	159,249		$	—	$	171,945

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended November 30, 2014
	Parent			Guarantors			Non-Guarantors			Eliminations		Consolidated
Operating Activities
Net cash provided by (used in) operating activities	$	5,024		$	(28,333	)	$	4,135		$	—	$	(19,174	)
Investing Activities
Capital expenditures	(226		)	(1,140		)	(6,620		)	—		(7,986		)
Proceeds from sale of property, plant and equipment	—			1			224			—		225
Cash used in investing activities	(226		)	(1,139		)	(6,396		)	—		(7,761		)
Financing Activities
Net borrowing on revolver and other debt	123,000			—			1,994			—		124,994
Principal repayments on term loan	(1,125		)	—			—			—		(1,125		)
Purchase of treasury shares	(104,415		)	—			—			—		(104,415		)
Stock option exercises, related tax benefits and other	2,287			—			—			—		2,287
Cash dividend	(2,598		)	—			—			—		(2,598		)
Intercompany loan activity	(47,192		)	27,281			19,911			—		—
Cash (used in) provided by financing activities	(30,043		)	27,281			21,905			—		19,143
Effect of exchange rate changes on cash	—			—			(13,945		)	—		(13,945		)
Net (decrease) increase in cash and cash equivalents	(25,245		)	(2,191		)	5,699			—		(21,737		)
Cash and cash equivalents—beginning of period	27,931			3,325			77,756			—		109,012
Cash and cash equivalents—end of period	$	2,686		$	1,134		$	83,455		$	—	$	87,275