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Inventories

6 Months Ended

Feb. 28, 2015

Note 6 – Inventories

Inventories consisted of the following as of February 28, 2015, February 28, 2014 and August 31, 2014:



	February 28,		February 28,		August 31,
($ in thousands)	2015		2014		2014
Raw materials and supplies	$	24,724	$	19,614	$	19,953
Work in process		7,421		7,722		9,990
Finished goods and purchased parts		57,472		59,928		48,300
Total inventory value before LIFO adjustment		89,617		87,264		78,243
Less adjustment to LIFO value		(7,354)		(6,270)		(6,547)
Inventories, net	$	82,263	$	80,994	$	71,696

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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