Assets Held for Sale

12 Months Ended

Aug. 31, 2017

Note 21—Assets Held for Sale

The Company periodically reviews long-lived assets against its plans to retain or ultimately dispose of these assets. If the Company decides to dispose of an asset and commits to a plan to actively market and sell the asset, it will be moved to assets held for sale. The Company analyzes market conditions each reporting period and records additional impairments due to declines in market values of like assets. The fair value of the asset is determined by observable inputs such as appraisals and prices of comparable assets in active markets for assets like the Company's. Gains are not recognized until the assets are sold.

Net book value of assets held for sale as of August 31, 2017 and 2016 were:


	August 31, 2017		August 31, 2016
Randolph, MA - Property (1)	$	14	$	14
Paterson, NJ - Building and leasehold improvements (2)		—		590
Total	$	14	$	604

(1)

See Note 20 to the Consolidated Financial Statements for additional information on Randolph, MA location assets held for sale as of August 31, 2017 and 2016

(2)

See Note 19 to the Consolidated Financial Statements for additional information on Paterson, NJ location assets held for sale as of August 31, 2016