Guarantor Subsidiaries (Tables)

3 Months Ended

Nov. 30, 2016

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 INCOME (LOSS)

(in thousands)

	Three Months Ended November 30, 2016
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	31,729		$	84,276		$	149,788		$	—		$	265,793
Cost of products sold	7,094			61,416			104,216			—			172,726
Gross profit	24,635			22,860			45,572			—			93,067
Selling, administrative and engineering expenses	17,967			16,636			33,999			—			68,602
Amortization of intangible assets	318			3,076			1,868			—			5,262
Restructuring charges	355			723			1,870			—			2,948
Director & officer transition charges	7,784			—			—			—			7,784
Operating (loss) profit	(1,789		)	2,425			7,835			—			8,471
Financing costs (income), net	7,326			—			(194		)	—			7,132
Intercompany (income) expense, net	(5,068		)	(1,086		)	6,154			—			—
Intercompany dividends	—			(55,143		)	—			55,143			—
Other expense (income), net	2,085			(70		)	(2,643		)	—			(628		)
(Loss) earnings before income taxes	(6,132		)	58,724			4,518			(55,143		)	1,967
Income tax benefit	(2,714		)	(30		)	(254		)	—			(2,998		)
Net (loss) earnings before equity in earnings of subsidiaries	(3,418		)	58,754			4,772			(55,143		)	4,965
Equity in earnings of subsidiaries	8,383			5,625			3,130			(17,138		)	—
Net earnings	4,965			64,379			7,902			(72,281		)	4,965
Comprehensive (loss) income	$	(21,157	)	$	46,292		$	631		$	(46,923	)	$	(21,157	)

CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS)

(in thousands)

	Three Months Ended November 30, 2015
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
Net sales	$	34,690		$	100,941		$	169,380		$	—		$	305,011
Cost of products sold	7,171			72,338			116,940			—			196,449
Gross profit	27,519			28,603			52,440			—			108,562
Selling, administrative and engineering expenses	19,760			18,530			34,621			—			72,911
Amortization of intangible assets	318			3,308			2,274			—			5,900
Restructuring charges	878			122			3,380			—			4,380
Operating profit	6,563			6,643			12,165			—			25,371
Financing costs (income), net	7,455			—			(338		)	—			7,117
Intercompany (income) expense, net	(5,829		)	(5,825		)	11,654			—			—
Other expense, net	403			59			157			—			619
Earnings before income taxes	4,534			12,409			692			—			17,635
Income tax expense (benefit)	591			1,657			(61		)	—			2,187
Net earnings before equity in earnings of subsidiaries	3,943			10,752			753			—			15,448
Equity in earnings of subsidiaries	11,505			2,874			1,858			(16,237		)	—
Net earnings	15,448			13,626			2,611			(16,237		)	15,448
Comprehensive (loss) income	$	(5,486	)	$	1,403		$	(5,981	)	$	4,578		$	(5,486	)

Condensed Consolidating Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	November 30, 2016
	Parent		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current assets
Cash and cash equivalents	$	9,371	$	—	$	167,500	$	—		$	176,871
Accounts receivable, net	13,628		47,846		127,341		—			188,815
Inventories, net	20,606		44,651		69,807		—			135,064
Other current assets	9,068		2,721		36,309		—			48,098
Total current assets	52,673		95,218		400,957		—			548,848
Property, plant and equipment, net	6,190		24,740		79,612		—			110,542
Goodwill	38,847		200,499		270,132		—			509,478
Other intangibles, net	9,111		146,681		74,740		—			230,532
Investment in subsidiaries	1,886,508		687,115		514,291		(3,087,914		)	—
Intercompany receivable	—		1,198,419		—		(1,198,419		)	—
Other long-term assets	9,422		10		12,884		—			22,316
Total assets	$	2,002,751	$	2,352,682	$	1,352,616	$	(4,286,333	)	$	1,421,716
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities
Trade accounts payable	$	11,647	$	22,390	$	85,629	$	—		$	119,666
Accrued compensation and benefits	13,509		5,497		24,226		—			43,232
Current maturities of debt and short-term borrowings	22,500		—		—		—			22,500
Income taxes payable	2,935		—		2,993		—			5,928
Other current liabilities	22,692		6,952		26,933		—			56,577
Total current liabilities	73,283		34,839		139,781		—			247,903
Long-term debt, net	554,369		—		—		—			554,369
Deferred income taxes	18,851		—		9,048		—			27,899
Pension and postretirement benefit liabilities	16,351		—		8,283		—			24,634
Other long-term liabilities	48,367		408		8,049		—			56,824
Intercompany payable	781,443		—		416,976		(1,198,419		)	—
Shareholders’ equity	510,087		2,317,435		770,479		(3,087,914		)	510,087
Total liabilities and shareholders’ equity	$	2,002,751	$	2,352,682	$	1,352,616	$	(4,286,333	)	$	1,421,716

CONDENSED CONSOLIDATING BALANCE SHEETS

(in thousands)

	August 31, 2016
	Parent		Guarantors		Non-Guarantors		Eliminations			Consolidated
ASSETS
Current assets
Cash and cash equivalents	$	7,953	$	71	$	171,580	$	—		$	179,604
Accounts receivable, net	13,692		41,715		131,422		—			186,829
Inventories, net	19,897		44,283		66,576		—			130,756
Other current assets	7,754		3,858		33,851		—			45,463
Total current assets	49,296		89,927		403,429		—			542,652
Property, plant and equipment, net	5,927		23,511		84,577		—			114,015
Goodwill	38,847		200,499		279,930		—			519,276
Other intangibles, net	9,429		149,757		80,289		—			239,475
Investment in subsidiaries	1,915,367		578,423		465,736		(2,959,526		)	—
Intercompany receivable	—		1,159,672		—		(1,159,672		)	—
Other long-term assets	5,702		10		17,530		—			23,242
Total assets	$	2,024,568	$	2,201,799	$	1,331,491	$	(4,119,198	)	$	1,438,660
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities
Trade accounts payable	$	11,529	$	20,669	$	82,853	$	—		$	115,051
Accrued compensation and benefits	17,506		5,754		23,641		—			46,901
Current maturities of debt and short-term borrowings	18,750		—		—		—			18,750
Income taxes payable	1,886		—		7,368		—			9,254
Other current liabilities	20,459		6,989		24,508		—			51,956
Total current liabilities	70,130		33,412		138,370		—			241,912
Long-term debt, net	561,681		—		—		—			561,681
Deferred income taxes	30,666		—		690		—			31,356
Pension and postretirement benefit liabilities	16,803		—		8,864		—			25,667
Other long-term liabilities	47,739		588		8,767		—			57,094
Intercompany payable	776,599		—		383,073		(1,159,672		)	—
Shareholders’ equity	520,950		2,167,799		791,727		(2,959,526		)	520,950
Total liabilities and shareholders’ equity	$	2,024,568	$	2,201,799	$	1,331,491	$	(4,119,198	)	$	1,438,660

Condensed Consolidating Statements of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended November 30, 2016
	Parent			Guarantors			Non-Guarantors			Eliminations			Consolidated
Operating Activities
Cash provided by operating activities	$	61,002		$	2,491		$	3,736		$	(55,143	)	$	12,085
Investing Activities
Capital expenditures	(861		)	(2,607		)	(1,671		)	—			(5,139		)
Proceeds from sale of property, plant and equipment	—			46			84			—			130
Cash used in investing activities	(861		)	(2,561		)	(1,587		)	—			(5,009		)
Financing Activities
Principal repayments on term loan	(3,750		)	—			—			—			(3,750		)
Taxes paid related to the net share settlement of equity awards	(223		)	—			—			—			(223		)
Stock option exercises, related tax benefits and other	1,342			—			—			—			1,342
Cash dividend	(2,358		)	—			(55,143		)	55,143			(2,358		)
Intercompany loan activity	(53,734		)	—			53,734			—			—
Cash used in financing activities	(58,723		)	—			(1,409		)	55,143			(4,989		)
Effect of exchange rate changes on cash	—			—			(4,820		)	—			(4,820		)
Net increase (decrease) in cash and cash equivalents	1,418			(71		)	(4,080		)	—			(2,733		)
Cash and cash equivalents—beginning of period	7,953			71			171,580			—			179,604
Cash and cash equivalents—end of period	$	9,371		$	—		$	167,500		$	—		$	176,871

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

(in thousands)

	Three Months Ended November 30, 2015
	Parent			Guarantors			Non-Guarantors			Eliminations		Consolidated
Operating Activities
Net cash provided by (used in) operating activities	$	2,958		$	(8,504	)	$	26,852		$	—	$	21,306
Investing Activities
Capital expenditures	(195		)	(1,091		)	(4,243		)	—		(5,529		)
Proceeds from sale of property, plant and equipment	13			103			1,321			—		1,437
Business acquisitions, net of cash acquired	—			—			(530		)	—		(530		)
Cash used in investing activities	(182		)	(988		)	(3,452		)	—		(4,622		)
Financing Activities
Net repayments on revolver and other debt	—			—			(218		)	—		(218		)
Purchase of treasury shares	(4,682		)	—			—			—		(4,682		)
Taxes paid related to the net share settlement of equity awards	(937		)	—			—			—		(937		)
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 (used in) provided by financing activities	(8,889		)	8,929			(7,163		)	—		(7,123		)
Effect of exchange rate changes on cash	—			—			(6,462		)	—		(6,462		)
Net (decrease) increase in cash and cash equivalents	(6,113		)	(563		)	9,775			—		3,099
Cash and cash equivalents—beginning of period	18,688			567			149,591			—		168,846
Cash and cash equivalents—end of period	$	12,575		$	4		$	159,366		$	—	$	171,945