Revenue Recognition (Tables)

6 Months Ended

Feb. 28, 2019

Disaggregation Of Revenue [Line Items]

Schedule of Disaggregation of Revenue by Segment

A breakout by segment of revenue recognized over time versus point in time for the three months and six months ended February 28, 2019 is as follows:

	Three months ended						Six months ended
	February 28, 2019						February 28, 2019
($ in thousands)	Irrigation		Infrastructure		Total		Irrigation		Infrastructure		Total
Point in time	$	85,939	$	10,917	$	96,856	$	167,025	$	32,164	$	199,189
Over time		9,827		1,292		11,119		16,351		2,782		19,133
Revenue from the contracts with customers		95,766		12,209		107,975		183,376		34,946		218,322
Lease revenue		—		1,207		1,207		—		2,811		2,811
Total operating revenues	$	95,766	$	13,416	$	109,182	$	183,376	$	37,757	$	221,133

ASC Topic 606 [Member]

Disaggregation Of Revenue [Line Items]

Summary of Impacts of ASU on Condensed Consolidated Financial Statements

The cumulative effect of initially applying the new revenue standard under ASC Topic 606 was recorded as an adjustment to the opening balance of retained earnings, which impacted the condensed consolidated balance sheet as follows:

($ in thousands)	August 31, 2018		ASC Topic 606 Adjustments			September 1, 2018
Assets
Inventories, net	$	79,233	$	(942	)	$	78,291
Other current assets		7,204		1,651			8,855
Liabilities and Stockholders' Equity
Other current liabilities	$	46,935	$	14		$	46,949
Deferred income tax liabilities		1,083		163			1,246
Retained earnings		484,886		532			485,418

The adoption of ASC Topic 606 had the following impact on the condensed consolidated balance sheet and condensed consolidated statement of operations for the three months and six months ended February 28, 2019:

($ in thousands)	As Reported		ASC Topic 606 Adjustments			Balance without adoption of ASC Topic 606
Assets
Inventories, net	$	99,984	$	3,734		$	103,718
Other current assets		18,196		(1,157	)		17,039
Liabilities and Stockholders' Equity
Other current liabilities	$	44,825	$	5,503		$	50,328
Retained earnings		477,027		(2,926	)		474,101

	Three months ended									Six months ended
	February 28, 2019									February 28, 2019
($ in thousands)	As Reported			ASC Topic 606 Adjustments			Balance without adoption of ASC Topic 606			As Reported			ASC Topic 606 Adjustments			Balance without adoption of ASC Topic 606
Statement of Earnings
Operating revenues	$	109,182		$	(178	)	$	109,004		$	221,133		$	(6,346	)	$	214,787
Operating income		(4,460	)		(111	)		(4,571	)		(2,420	)		(3,391	)		(5,811	)