Note 8 - Inventories

6 Months Ended

Feb. 25, 2017

Notes to Financial Statements

Inventory Disclosure [Text Block]

8.

Inventories

Inventories are stated at the lower of cost or market value, net of any reserve for excess and obsolete inventory. Judgments and estimates are used in determining the likelihood that new goods on hand can be sold to customers or used in rental operations. Historical inventory usage and current revenue trends are considered in estimating both excess and obsolete inventories. If actual product demand and market conditions are less favorable than those projected by management, additional inventory write-downs

may

be required. The Company uses the

first

-in,

first

-out (“FIFO”) method to value its inventories.

The components of inventory as of

February

25,

2017

and

August

27,

2016

were as follows (in thousands):

	Februa r y 2 5 , 201 7		August 2 7 , 201 6
Raw materials	$	14,603	$	16,826
Work in process		3,257		2,275
Finished goods		53,633		59,786
Total inventories	$	71,493	$	78,887