Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2020

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

The following is a summary of the Company's components of property, plant and equipment (in thousands):

	August 31, 2020		August 31, 2019
Land, buildings and improvements	$	33,548	$	29,661
Machinery and equipment	134,536		140,083
Gross property, plant and equipment	168,084		169,744
Less: Accumulated depreciation	(106,679)		(113,015)
Property, plant and equipment, net	$	61,405	$	56,729

Reconciliation of Changes in Accrued Product Warranty

Product Warranty Costs: The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line on the Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the changes in product warranty reserves for fiscal years 2020 and 2019 (in thousands):

	2020		2019
Beginning balance	$	1,145	$	931
Provision for warranties	677		1,326
Warranty payments and costs incurred	(934)		(1,077)
Warranty activity for divested businesses	(27)		—
Impact of changes in foreign currency rates	31		(35)
Ending balance	$	892	$	1,145

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss: The following is a summary of the components included within accumulated other comprehensive loss (in thousands):

	August 31,
	2020		2019
Foreign currency translation adjustments	$	75,896	$	151,115
Pension and other postretirement benefit plans	24,750		20,557
Unrecognized losses on cash flow hedges	78		—
Accumulated other comprehensive loss	$	100,724	$	171,672