Discontinued Operations

12 Months Ended

Aug. 31, 2013

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 19 — DISCONTINUED OPERATIONS

In May 2013, the Company announced plans to sell its rotational compounding business in Australia. The Company completed the sale of all of the fixed and intangible assets for $3.0 million on September 3, 2013. The operating results for this business were previously included in the Company's specialty powders product family within the APAC segment and have been reclassified to discontinued operations for all of the periods presented. Additionally, the assets and liabilities of this business are classified as held for sale in the Company's consolidated balance sheet as of August 31, 2013 and are included in prepaid expenses and other current assets and other accrued liabilities, respectively.

The following summarizes select financial information included in net earnings from discontinued operations:

	Year ended August 31,
	2013			2012			2011
	(In thousands)
Net sales	$	30,009		$	25,482		$	33,394
Loss from discontinued operations, net of tax	$	(6,671	)	$	(860	)	$	(8,690	)

The results for fiscal 2013 include an impairment charge of $4.0 million which represented the difference between the estimated fair market value and the carrying value of the net assets. The estimated fair value was determined based on the expected sale price. The results for fiscal 2011 include restructuring charges of $3.6 million.

Income taxes were minimal for all periods presented. Additionally, assets and liabilities of discontinued operations were not considered significant.