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Property, Plant and Equipment
12 Months Ended
Aug. 31, 2024
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

Note 9 – Property, Plant, and Equipment

 

 

August 31,

 

($ in thousands)

 

2024

 

 

2023

 

Operating property, plant, and equipment:

 

 

 

 

 

 

Land

 

$

7,291

 

 

$

6,144

 

Buildings

 

 

58,145

 

 

 

57,606

 

Machinery and equipment

 

 

105,061

 

 

 

99,466

 

Furniture and fixtures

 

 

9,157

 

 

 

8,807

 

Computer hardware and software

 

 

27,907

 

 

 

26,684

 

Construction in progress

 

 

24,854

 

 

 

8,238

 

Total operating property, plant, and equipment

 

 

232,415

 

 

 

206,945

 

Accumulated depreciation

 

 

(139,892

)

 

 

(130,923

)

Total operating property, plant, and equipment, net

 

 

92,523

 

 

 

76,022

 

Property held for lease:

 

 

 

 

 

 

Machines

 

 

15,914

 

 

 

16,398

 

Barriers

 

 

32,286

 

 

 

34,398

 

Total property held for lease

 

 

48,200

 

 

 

50,796

 

Accumulated depreciation

 

 

(27,908

)

 

 

(27,137

)

Total property held for lease, net

 

 

20,292

 

 

 

23,659

 

Property, plant, and equipment, net

 

$

112,815

 

 

$

99,681

 

 

Depreciation expense was $14.8 million, $13.9 million, and $13.5 million for fiscal 2024, 2023, and 2022, respectively.