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Restructuring Charges (Details) - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2025
Aug. 31, 2024
May 31, 2024
Aug. 31, 2023
Restructuring and Related Activities [Abstract]        
Restructuring and Related Activities Disclosure [Text Block]
Note 4. Restructuring Charges
On June 27, 2022, the Company approved a restructuring plan in connection with the initiatives identified as part of the ASCEND transformation program (see Note 3, “ASCEND Transformation Program”) to drive greater efficiency and productivity in global selling, general and administrative resources. The costs of this plan were predominately severance and other employee-related costs incurred as cash expenditures and impacting both IT&S and Corporate.
The Company recorded $1.6 million and $4.4 million of restructuring charges associated with the ASCEND transformation program in the three and nine months ended May 31, 2024. No restructuring charges associated with the ASCEND transformation program were recorded in the three and nine months ended May 31, 2025 as the ASCEND program ended at August 31, 2024 with a total restructuring charge of $18.6 million.
The following summarizes ASCEND restructuring reserve activity for the IT&S segment and Corporate (in thousands):
Nine Months Ended May 31, 2025
IT&SCorporate
Balance as of August 31, 2024$3,527 $197 
Cash payments(3,136)(197)
Impact of changes in foreign currency rates(20)— 
Balance as of May 31, 2025$371 $— 
Nine Months Ended May 31, 2024
IT&SCorporate
Balance as of August 31, 2023$2,238 $74 
Restructuring charges4,126 235 
Cash payments(3,509)(309)
Balance as of May 31, 2024$2,855 $— 
Total ASCEND restructuring charges (inclusive of the Other operating segment) were $1.6 million and $4.4 million in the three and nine months ended May 31, 2024, being reported in "Restructuring charges." There were no ASCEND restructuring charges in the three and nine months ended May 31, 2025.
During the three months ended May 31, 2025, in light of the current soft market conditions and another step towards increasing efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three-quarters is related to personnel actions and the remainder are charges associated with the Company's former headquarters location. Liabilities for severance are generally to be paid within twelve months.
The following summarizes FY25 Restructuring Plan restructuring reserve activity for the IT&S segment and Corporate (in thousands):
Nine Months Ended May 31, 2025
IT&SCorporate
Balance as of August 31, 2024$— $— 
Restructuring charges2,493 3,369 
Cash payments— (415)
Balance as of May 31, 2025$2,493 $2,954 
      
ASCEND Restructuring Plan | Industrial Tools & Services [Member] [Domain]        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve $ 371 $ 3,527 $ 2,855 $ 2,238
FY25 Restructuring Plan | Industrial Tools & Services [Member] [Domain]        
Restructuring Cost and Reserve [Line Items]        
Restructuring Reserve $ 2,493 $ 0