Income Taxes (Tables)

12 Months Ended

Aug. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Earnings Before Income Taxes

	For the years ended August 31,
($ in thousands)	2021		2020		2019
United States	$	28,605	$	38,928	$	(1,949	)
Foreign		21,781		9,915		4,056
	$	50,386	$	48,843	$	2,107

Schedule of Significant Components of Income Tax Provision

	For the years ended August 31,
($ in thousands)	2021			2020			2019
Current:
Federal	$	2,432		$	4,231		$	2,190
State		733			1,421			324
Foreign		2,738			3,178			3,107
Total current		5,903			8,830			5,621
Deferred:
Federal		2,251			2,630			(3,209	)
State		281			121			(624	)
Foreign		(621	)		(1,367	)		(1,853	)
Total deferred		1,911			1,384			(5,686	)
Total income tax provision	$	7,814		$	10,214		$	(65	)

Schedule of Effective Income Tax Rate Reconciliation

	For the years ended August 31,
	2021						2020						2019
($ in thousands)	Amount			%			Amount			%			Amount			%
U.S. statutory rate	$	10,581			21.0		$	10,257			21.0		$	443			21.0
State and local taxes, net of federal tax benefit		859			1.7			1,079			2.2			(379	)		(18.0	)
Foreign tax rate differences		(390	)		(0.8	)		(292	)		(0.6	)		164			7.8
U.S. tax reform		339			0.7			(165	)		(0.3	)		160			7.6
Deferred tax asset valuation allowance		(2,169	)		(4.3	)		(479	)		(1.0	)		142			6.7
Federal credits		(629	)		(1.2	)		(419	)		(0.9	)		(338	)		(16.0	)
Uncertain tax benefits		(622	)		(1.2	)		165			0.3			(153	)		(7.3	)
Other		(155	)		(0.4	)		68			0.1			(104	)		(4.9	)
Effective rate	$	7,814			15.5		$	10,214			20.9		$	(65	)		(3.1	)

Schedule of Deferred Tax Assets and Liabilities

	August 31,
($ in thousands)	2021			2020
Deferred tax assets:
Accrued expenses	$	10,172		$	10,376
Warranty		3,096			2,439
Defined benefit pension plan		1,626			1,767
Inventory		2,403			2,362
Share-based compensation		1,197			1,185
Vacation		749			780
Net operating loss and capital loss carry forwards		2,245			3,009
Deferred revenue		1,565			2,282
Allowance for doubtful accounts		870			683
Other		1,169			2,233
Gross deferred tax assets		25,092			27,116
Valuation allowance		(1,091	)		(3,218	)
Net deferred tax assets	$	24,001		$	23,898
Deferred tax liabilities:
Intangible assets	$	(5,607	)	$	(6,054	)
Property, plant, and equipment		(11,113	)		(8,798	)
Total deferred tax liabilities	$	(16,720	)	$	(14,852	)
Net deferred tax assets	$	7,281		$	9,046

Schedule of Unrecognized Tax Benefits Roll Forward

	August 31,
($ in thousands)	2021			2020
Unrecognized tax benefits at beginning of the year	$	1,141		$	2,389
Increases for positions taken in current year		—			52
Increases for positions taken in prior years		—			266
Decreases for positions taken in prior years		(36	)		(1,360	)
Reduction resulting from lapse of applicable    statute of limitations		(287	)		(206	)
Decreases for settlements with tax authorities		(94	)		—
Unrecognized tax benefits at end of the year	$	724		$	1,141