Property and equipment

12 Months Ended

Aug. 31, 2013

Property Plant And Equipment [Abstract]

Note 4 – Property and equipment

Components of property and equipment are as follows:


	August 31,
	2013			2012
	(Dollars in thousands)
Land and land improvements	$	11,881		$	11,623
Plant and equipment		359,909			346,087
Construction in progress		5,255			7,679

		377,045			365,389
Accumulated depreciation		(264,904	)		(252,198	)

Net property and equipment	$	112,141		$	113,191

The above table includes approximately $0.8 million and $1.0 million of net property and equipment under capital leases for fiscal years 2013 and 2012, respectively. At August 31, 2013 and 2012, the Company had approximately $0.7 million and $1.1 million, respectively, of payables related to property, plant and equipment.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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