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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Feb. 29, 2020
Aug. 31, 2019
Current Assets    
Cash and cash equivalents $ 67,664 $ 47,771
Accounts receivable, less allowance for doubtful accounts of $822 and $739 38,243 39,324
Inventory 39,185 42,354
Prepaid expenses and other current assets 2,815 2,418
Assets held for sale 1,064 1,064
Prepaid income taxes 1,913 1,451
Total current assets 150,884 134,382
Property, plant and equipment, less accumulated depreciation of $51,655 and $49,730 27,375 29,326
Other Assets    
Goodwill 82,175 81,986
Intangible assets, less accumulated amortization of $72,163 and $65,862 46,932 52,704
Cash surrender value of life insurance 4,450 4,450
Restricted investments 1,325 1,260
Deferred income taxes 3,837 3,804
Operating lease right-of-use asset (Note 8) 9,256  
Other assets 35 56
Total assets 326,269 307,968
Current Liabilities    
Accounts payable 14,681 12,105
Accrued payroll and other compensation 4,357 6,300
Accrued expenses 4,868 4,035
Total current liabilities 23,906 22,440
Operating lease long-term liabilities (Note 8) 6,648  
Deferred compensation 1,338 1,275
Accumulated pension obligation 9,879 10,485
Other liabilities   217
Accrued income taxes 2,381 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; 9,448,620 shares at February 29, 2020 and 9,400,748 shares at August 31, 2019 issued and outstanding 945 940
Additional paid-in capital 15,882 14,351
Accumulated other comprehensive loss (14,060) (14,324)
Retained earnings 279,350 270,260
Total equity 282,117 271,227
Total liabilities and equity $ 326,269 $ 307,968