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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2019
Aug. 31, 2019
Current Assets    
Cash and cash equivalents $ 66,056 $ 47,771
Accounts receivable, less allowance for doubtful accounts of $789 and $739 37,274 39,324
Inventory 39,019 42,354
Prepaid expenses and other current assets 2,970 2,418
Assets held for sale 1,064 1,064
Prepaid income taxes   1,451
Total current assets 146,383 134,382
Property, plant and equipment, less accumulated depreciation of $50,926 and $49,730 28,110 29,326
Other Assets    
Goodwill 82,194 81,986
Intangible assets, less accumulated amortization of $69,301 and $65,862 49,847 52,704
Cash surrender value of life insurance 4,450 4,450
Restricted investments 1,365 1,260
Deferred income taxes 3,870 3,804
Operating lease right-of-use asset 9,776  
Other assets 46 56
Total assets 326,041 307,968
Current Liabilities    
Accounts payable 13,091 12,105
Accrued payroll and other compensation 4,524 6,300
Accrued expenses 5,628 4,035
Dividend payable 7,539  
Accrued income taxes 776  
Total current liabilities 31,558 22,440
Operating lease long-term liabilities 7,144  
Deferred compensation 1,380 1,275
Accumulated pension obligation 10,182 10,485
Other liabilities   217
Accrued income taxes 2,304 2,324
Commitments and Contingencies (Note 10)
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; 9,423,946 shares at November 30, 2019 and 9,400,748 shares at August 31, 2019 issued and outstanding 942 940
Additional paid-in capital 15,063 14,351
Accumulated other comprehensive loss (14,003) (14,324)
Retained earnings 271,471 270,260
Total equity 273,473 271,227
Total liabilities and equity $ 326,041 $ 307,968