Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2022

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, 2022		August 31, 2021
Land, buildings and improvements	$	14,121	$	16,617
Machinery and equipment	141,571		145,541
Gross property, plant and equipment	155,692		162,158
Less: Accumulated depreciation	(114,320)		(113,568)
Property, plant and equipment, net	$	41,372	$	48,590

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 2022 and 2021 (in thousands):

	2022		2021
Beginning balance	$	1,300	$	892
Provision for warranties	887		1,580
Warranty payments and costs incurred	(911)		(1,171)
Impact of changes in foreign currency rates	(136)		(1)
Ending balance	$	1,140	$	1,300

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,
	2022		2021
Foreign currency translation adjustments	$	116,078	$	69,986
Pension and other postretirement benefit plans	18,883		22,998
Accumulated other comprehensive loss	$	134,961	$	92,984