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Acquisitions (Tables)
6 Months Ended
Feb. 28, 2017
Acquisitions  
Schedule of allocation of acquisition cost to the acquired tangible and identifiable intangible assets and liabilities assumed based on their fair values as of the date of the acquisition

 

 

 

 

 

Assets & Liabilities

    

Amount

 

Accounts receivable

 

$

1,877

 

Inventory

 

 

1,300

 

Prepaid expenses and other current assets

 

 

63

 

Property, plant & equipment

 

 

623

 

Goodwill

 

 

7,592

 

Intangible assets

 

 

19,450

 

Accounts payable and accrued liabilities

 

 

(635)

 

Total purchase price

 

$

30,270

 

 

Schedule of identifiable intangible assets purchased as part of business acquisition

 

 

 

 

 

 

 

Intangible Asset

    

Amount

    

Useful life

Customer relationships

 

$

17,500

 

10

years

Technology

 

 

1,200

 

4

years

Trade names

 

 

750

 

7

years

Total intangible assets

 

$

19,450

 

 

 

 

Schedule of pro forma information

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Six Months Ended

 

 

February 29, 2016

 

February 28, 2017

 

February 29, 2016

Revenue

 

$

57,536

 

120,250

 

$

117,917

Net income 

 

 

6,812

 

19,417

 

 

13,717

 

 

 

 

 

 

 

 

 

Net income available to common shareholders, per common and common equivalent share

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

0.73

 

2.08

 

$

1.48

Diluted earnings per share

 

$

0.72

 

2.06

 

$

1.46