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Inventories (Tables)
6 Months Ended
Feb. 28, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories consisted of the following as of February 28, 2023, February 28, 2022, and August 31, 2022:

 

($ in thousands)

 

February 28,
2023

 

 

February 28,
2022

 

 

August 31,
2022

 

Raw materials and supplies

 

$

89,968

 

 

$

86,010

 

 

$

93,469

 

Work in process

 

 

9,837

 

 

 

11,620

 

 

 

12,603

 

Finished goods and purchased parts, net

 

 

103,067

 

 

 

96,724

 

 

 

110,022

 

Total inventory value before LIFO adjustment

 

 

202,872

 

 

 

194,354

 

 

 

216,094

 

Less adjustment to LIFO value

 

 

(24,169

)

 

 

(7,026

)

 

 

(22,318

)

Inventories, net

 

$

178,703

 

 

$

187,328

 

 

$

193,776