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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2023
Aug. 31, 2022
May 31, 2022
Current assets:      
Cash and cash equivalents $ 131,577 $ 105,048 $ 81,757
Marketable securities 12,806 11,460 13,930
Receivables, net of allowance of $5,113, $4,197, and $4,118, respectively 154,167 138,200 155,518
Inventories, net 166,759 193,776 195,566
Other current assets, net 25,943 28,617 28,663
Total current assets 491,252 477,101 475,434
Property, plant, and equipment:      
Cost 252,741 240,981 239,001
Less accumulated depreciation (155,749) (146,509) (144,560)
Property, plant, and equipment, net 96,992 94,472 94,441
Intangibles, net 16,860 18,208 18,769
Goodwill 67,441 67,130 67,476
Operating lease right-of-use assets 17,378 19,181 20,263
Deferred income tax assets 11,518 9,313 7,857
Other noncurrent assets 22,177 25,248 27,676
Total assets 723,618 710,653 711,916
Current liabilities:      
Accounts payable 42,207 60,036 72,350
Current portion of long-term debt 225 222 221
Other current liabilities 90,616 100,684 101,243
Total current liabilities 133,048 160,942 173,814
Pension benefits liabilities 4,653 4,892 5,474
Long-term debt 115,209 115,341 115,384
Operating lease liabilities 18,119 19,810 20,688
Deferred income tax liabilities 689 1,054 730
Other noncurrent liabilities 15,104 15,256 15,056
Total liabilities 286,822 317,295 331,146
Shareholders' equity:      
Preferred stock of $1 par value - authorized 2,000 shares; no shares issued and outstanding 0 0 0
Common stock of $1 par value - authorized 25,000 shares; 19,092, 19,063, and 19,063 shares issued, respectively 19,092 19,063 19,063
Capital in excess of stated value 96,627 94,006 92,516
Retained earnings 620,922 579,000 564,805
Less treasury stock - at cost, 8,083 shares (277,238) (277,238) (277,238)
Accumulated other comprehensive loss, net (22,607) (21,473) (18,376)
Total shareholders' equity 436,796 393,358 380,770
Total liabilities and shareholders' equity $ 723,618 $ 710,653 $ 711,916