v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Net sales $ 493,292 $ 654,758 $ 641,303
Cost of products sold 276,099 362,106 358,019
Gross profit 217,193 292,652 283,284
Selling, administrative and engineering expenses 180,513 209,231 210,256
Amortization of intangible assets 8,323 8,922 9,280
Restructuring charges 7,335 4,156 10,555
Impairment and divestiture (benefit) charges (3,159) 22,827 2,987
Operating profit (loss) 24,181 47,516 50,206
Financing costs, net 19,218 28,163 30,872
Other expense, net 2,886 (629) (138)
Earnings (loss) before income tax expense 7,849 18,724 19,196
Income tax expense 2,292 10,657 14,450
Net Earnings (Loss) from Continuing Operations 5,557 8,067 4,746
Net (Loss) Earnings from Discontinued Operations (4,834) (257,212) (26,394)
Net earnings (loss) $ 723 $ (249,145) $ (21,648)
Income (Loss) from Continuing Operations, Per Basic Share $ 0.09 $ 0.13 $ 0.08
Income (Loss) from Continuing Operations, Per Diluted Share 0.09 0.13 0.08
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.08) (4.21) (0.44)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (0.08) (4.18) (0.43)
Loss per share - Basic (in dollars per share) 0.01 (4.07) (0.36)
Loss per share - Diluted (in dollars per share) $ 0.01 $ (4.04) $ (0.35)
Basic (in shares) 59,952 61,151 60,441
Diluted (in shares) 60,269 61,607 61,028
Earnings per share:      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.09 $ 0.13 $ 0.08
Income (Loss) from Continuing Operations, Per Diluted Share 0.09 0.13 0.08
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share (0.08) (4.21) (0.44)
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share (0.08) (4.18) (0.43)
Loss per share - Basic (in dollars per share) 0.01 (4.07) (0.36)
Loss per share - Diluted (in dollars per share) $ 0.01 $ (4.04) $ (0.35)
Weighted average common shares outstanding:      
Basic (in shares) 59,952 61,151 60,441
Diluted (in shares) 60,269 61,607 61,028
Product [Member]      
Net sales $ 379,899 $ 478,946 $ 489,623
Cost of products sold 204,524 247,771 264,878
Service & Rental [Member]      
Net sales 113,393 175,812 151,680
Cost of products sold $ 71,575 $ 114,335 $ 93,141

Source