CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Current Assets
Cash and cash equivalents	$ 47,771	$ 34,828
Accounts receivable, less allowance for doubtful accounts of $821 and $559	39,324	44,610
Inventory	42,354	39,699
Prepaid expenses and other current assets	2,418	2,581
Due from sale of businesses		400
Assets held for sale	1,064	14
Prepaid income taxes	1,451	4,100
Total current assets	134,382	126,232
Property, plant and equipment, less accumulated depreciation of $49,730 and $49,212	29,326	32,845
Other Assets
Goodwill	81,986	84,696
Intangible assets, less accumulated amortization of $65,862 and $54,039	52,704	65,330
Cash surrender value of life insurance	4,450	4,530
Restricted investments	1,260	1,090
Funded pension plan		301
Deferred income taxes	3,804	1,347
Other assets	56	98
Total assets	307,968	316,469
Current Liabilities
Accounts payable	12,105	17,810
Accrued payroll and other compensation	6,300	6,639
Accrued expenses	4,035	4,486
Total current liabilities	22,440	28,935
Long-term debt		25,000
Deferred compensation	1,275	1,105
Accumulated pension obligation	10,485	10,736
Other liabilities	217	283
Accrued income taxes	2,324	3,654
Commitments and Contingencies
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; 9,400,748 shares at August 31, 2019 and 9,396,947 shares at August 31, 2018 issued and outstanding	940	939
Additional paid-in capital	14,351	13,104
Accumulated other comprehensive loss	(14,324)	(12,336)
Retained earnings	270,260	245,049
Total equity	271,227	246,756
Total liabilities and equity	$ 307,968	$ 316,469