CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2017	Aug. 31, 2016
Current Assets:
Cash and cash equivalents	$ 47,354	$ 73,411
Accounts receivable, less allowance for doubtful accounts of $456 and $830	38,051	34,835
Inventory	25,618	25,814
Prepaid expenses and other current assets	3,098	3,728
Due from sale of business		457
Assets held for sale	14	604
Total current assets	114,135	138,849
Property, plant and equipment, less accumulated depreciation of $44,277 and $41,409	34,760	36,742
Other Assets:
Goodwill	50,784	43,576
Intangible assets, less accumulated amortization of $42,206 and $33,352	46,846	36,580
Cash surrender value of life insurance, less current portion	4,530	4,530
Restricted investments	964	1,637
Funded pension plan	566	382
Deferred income taxes	1,614	441
Other assets	539	82
Total assets	254,738	262,819
Current Liabilities:
Current portion of long-term debt		43,400
Accounts payable	14,455	12,352
Accrued payroll and other compensation	6,500	6,553
Accrued expenses	4,052	3,892
Accrued income taxes	2,333	2,317
Total current liabilities	27,340	68,514
Deferred compensation	979	1,649
Accumulated pension obligation	12,666	15,563
Other liabilities	1,567	328
Accrued income taxes	1,257	1,229
Deferred income taxes		1,447
Commitments and Contingencies (Notes 6, 8, 22)
Equity:
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $.10 par value: Authorized 20,000,000 shares; 9,354,136 shares at August 31, 2017 and 9,278,486 shares at August 31, 2016 issued and outstanding	935	928
Additional paid-in capital	14,060	14,719
Accumulated other comprehensive loss	(13,469)	(15,479)
Retained earnings	209,403	173,921
Total equity	210,929	174,089
Total liabilities and equity	$ 254,738	$ 262,819

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.