Inventories

3 Months Ended

Nov. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Note 5 – Inventories

Inventories consisted of the following as of November 30, 2020, November 30, 2019, and August 31, 2020:

($ in thousands)	November 30, 2020			November 30, 2019			August 31, 2020
Raw materials and supplies	$	52,374		$	47,266		$	51,205
Work in process		8,041			6,235			6,464
Finished goods and purchased parts, net		58,284			51,908			51,684
Total inventory value before LIFO adjustment		118,699			105,409			109,353
Less adjustment to LIFO value		(4,421	)		(8,125	)		(4,561	)
Inventories, net	$	114,278		$	97,284		$	104,792