Income Taxes (Tables)

12 Months Ended

Aug. 31, 2013

INCOME TAXES [Abstract]

Schedule of Income from Continuing Operations Before Taxes

Income (loss) from continuing operations before taxes is as follows:

	Year Ended August 31,
	2013			2012			2011
	(In thousands)
U.S.	$	(8,334	)	$	(4,637	)	$	(20,564	)
Foreign	62,066			71,464			86,703
Income from continuing operations before taxes	$	53,732		$	66,827		$	66,139

Schedule of Components of Income Tax Expense (Benefit)

The provisions for U.S. and foreign income taxes consist of the following: 

	Year Ended August 31,
	2013			2012			2011
	(In thousands)
Current taxes:
U.S.	$	214		$	228		$	(414	)
Foreign	23,210			22,927			19,902
Total current tax expense (benefit)	23,424			23,155			19,488
Deferred taxes:
U.S.	213			16			(65		)
Foreign	(3,904		)	(9,253		)	(3,659		)
Total deferred tax expense (benefit)	(3,691		)	(9,237		)	(3,724		)
Total income tax expense (benefit)	$	19,733		$	13,918		$	15,764

Reconciliation of Statutory U.S. Federal Income Tax Rate

A reconciliation of the statutory U.S. federal income tax rate with the effective tax rates of 36.7% in 2013, 20.8% in 2012, and 23.8% in 2011 is as follows: 

	2013					2012					2011
	Amount			% of Pretax Income		Amount			% of Pretax Income		Amount			% of Pretax Income
	(In thousands, except for %s)
Statutory U.S. tax rate	$	18,806		35.0	%	$	23,389		35.0	%	$	23,149		35.0	%
Amount of foreign taxes at less than U.S.    statutory tax rate	(9,189		)	(17.1	)	(11,373		)	(17.0	)	(14,581		)	(22.1	)
U.S. and foreign losses with no tax benefit	5,826			10.8		1,291			1.9		4,026			6.1
U.S. restructuring and other U.S. unusual    charges with no benefit	1,704			3.2		1,029			1.5		3,871			5.8
Valuation allowance charges	2,361			4.4		(2,380		)	(3.6	)	—			—
Establishment (resolution) of uncertain tax    positions	(84		)	(0.2	)	1,718			2.6		(221		)	(0.3	)
Other	309			0.6		244			0.4		(480		)	(0.7	)
Total income tax expense (benefit)	$	19,733		36.7	%	$	13,918		20.8	%	$	15,764		23.8	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets and (liabilities) consist of the following: 

	2013			2012
	(In thousands)
Pensions	$	12,751		$	11,761
Inventory reserves	1,136			713
Bad debt reserves	1,040			1,334
Accruals	4,831			6,499
Postretirement benefits other than pensions	5,293			6,489
Depreciation	2,036			1,789
Foreign net operating loss carryforwards	14,396			14,311
Foreign tax credit carryforwards	28,111			32,104
Alternative minimum tax carryforwards	4,452			4,452
Interest carryforwards	10,113			12,919
Other	13,898			9,657
Gross deferred tax assets	98,057			102,028
Valuation allowance	(23,252		)	(50,478		)
Total deferred tax assets	74,805			51,550
Depreciation	(17,232		)	(18,382		)
Intangibles	(25,465		)	(28,046		)
Unremitted foreign earnings	(26,050		)	(751		)
Other	(1,245		)	(1,265		)
Gross deferred tax liabilities	(69,992		)	(48,444		)
Net deferred tax assets (liabilities)	$	4,813		$	3,106

Reconciliation of Unrecognized Tax Benefits

A reconciliation of unrecognized tax benefits is as follows: 

	2013			2012			2011
	(In thousands)
Beginning balance	$	6,877		$	4,716		$	2,614
Decreases related to prior year tax positions	(1,165		)	(390		)	(31		)
Increases related to prior year tax positions	11			2,360			1,346
Increases related to current year tax positions	308			627			677
Settlements	(1,077		)	—			(101		)
Lapse of statute of limitations	(228		)	4			(161		)
Foreign currency impact	260			(440		)	372
Ending balance	$	4,986		$	6,877		$	4,716