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Other Non-operating Income (Expense)
 12 Months Ended
Aug. 31, 2013
Other Income And Expenses [Abstract]  
Other Non-operating Income (Expense)

Note 15 — Other Non-operating Income (Expense)

Other non-operating income (expense) consists of the following:

 

     Year Ended August 31,  
         2013              2012             2011      
     (Dollars in thousands)  

Loss on redemption of Series A Preferred Stock

    $ —         $ (6,599 )    $ —     

Other

      75         413        115   
  

 

 

     

 

 

    

 

 

  
   $     75       $   (6,186 )    $     115   
  

 

 

     

 

 

    

 

 

  

 

In 2012 the Company redeemed its Series A Preferred Stock. See Note 6. In fiscal 2012, the Company redeemed 100,000 shares at the original issue price of $40.0 million plus accrued dividends of $8.9 million. As a result of the early redemptions, the Company recorded accelerated discount accretion of $5.5 million and amortization of issuance costs of $1.1 million as a loss on redemption in other non-operating income (expense).