Discontinued Operations

12 Months Ended

Aug. 31, 2015

Discontinued Operations [Abstract]

Discontinued Operations [Text Block]

DISCONTINUED OPERATIONS

The Company completed the sale of all of the fixed and intangible assets of its rotational compounding business in Australia 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.

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

	Year ended August 31,
	2015			2014		2013
	(In thousands)
Net sales	$	—		$	1,372	$	30,009
Income (loss) from discontinued operations, net of tax	$	(133	)	$	3,202	$	(6,671	)

During fiscal 2014, the Company recorded a gain on the sale of assets of $3.4 million. 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 expected sale price. Income taxes were minimal for all periods presented.