Inventories

12 Months Ended

Aug. 31, 2024

Inventory Disclosure [Abstract]

Inventories

Note 8 - Inventories

	August 31,
($ in thousands)	2024			2023
Raw materials and supplies	$	84,725		$	83,908
Work in process		10,192			7,820
Finished goods and purchased parts		80,877			86,793
Total inventory value before LIFO adjustment		175,794			178,521
Less adjustment to LIFO value		(21,341	)		(22,589	)
Inventories, net	$	154,453		$	155,932

Of the $154.5 million and $155.9 million of inventories at August 31, 2024, and 2023, respectively, $42.7 million and $42.1 million, respectively was valued on the last-in, first-out ("LIFO") basis, and $111.8 million and $113.8 million, respectively was valued on first-in, first-out ("FIFO") or average cost methods.