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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2022
Aug. 31, 2021
Current Assets    
Cash and cash equivalents $ 124,683 $ 119,429
Accounts receivable, less allowances of $537 and $451 51,330 46,212
Inventory 58,551 41,217
Prepaid expenses and other current assets 3,434 2,851
Prepaid income taxes and refunds due 3,249 3,255
Total current assets 241,247 212,964
Property, plant and equipment, less accumulated depreciation of $52,154 and $50,666 24,531 24,267
Other Assets    
Goodwill 96,321 97,866
Intangible assets, less accumulated amortization of $99,506 and $91,484 36,947 46,954
Cash surrender value of life insurance 4,450 4,450
Restricted investments 2,312 2,260
Deferred income taxes 5,273 5,265
Operating lease right-of-use asset 9,078 9,312
Other assets 732 821
Total assets 420,891 404,159
Current Liabilities    
Accounts payable 18,375 19,575
Accrued payroll and other compensation 5,884 7,179
Income taxes payable 159 761
Accrued expenses 5,639 5,407
Total current liabilities 30,057 32,922
Operating lease long-term liabilities 7,060 7,202
Deferred compensation 2,320 2,267
Accumulated pension obligation 8,155 9,416
Other liabilities 2,099 2,537
Deferred income taxes 2,822 3,301
Accrued income taxes 1,813 2,190
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; 9,468,590 shares at May 31, 2022 and 9,447,905 shares at August 31, 2021 issued and outstanding 948 946
Additional paid-in capital 21,375 18,959
Accumulated other comprehensive loss (16,325) (11,210)
Retained earnings 360,567 335,629
Total equity 366,565 344,324
Total liabilities and equity $ 420,891 $ 404,159