Guarantor Subsidiaries (Tables)
|
3 Months Ended |
12 Months Ended |
Nov. 30, 2011
|
Nov. 30, 2010
|
Aug. 31, 2011
|
Guarantor Subsidiaries [Abstract] |
|
|
|
Schedule Of Condensed Consolidating Statements Of Earnings |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
Three Months Ended November 30, 2011 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
48,520 |
|
|
$ |
136,441 |
|
|
$ |
207,838 |
|
|
$ |
— |
|
|
$ |
392,799 |
|
Cost of products sold
|
|
|
15,279 |
|
|
|
94,632 |
|
|
|
130,280 |
|
|
|
— |
|
|
|
240,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
33,241 |
|
|
|
41,809 |
|
|
|
77,558 |
|
|
|
— |
|
|
|
152,608 |
|
Selling, administrative and engineering expenses
|
|
|
20,666 |
|
|
|
26,262 |
|
|
|
41,181 |
|
|
|
— |
|
|
|
88,109 |
|
Amortization of intangible assets
|
|
|
335 |
|
|
|
3,420 |
|
|
|
3,463 |
|
|
|
— |
|
|
|
7,218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit
|
|
|
12,240 |
|
|
|
12,127 |
|
|
|
32,914 |
|
|
|
— |
|
|
|
57,281 |
|
Financing costs, net
|
|
|
8,237 |
|
|
|
3 |
|
|
|
(18 |
) |
|
|
— |
|
|
|
8,222 |
|
Intercompany expense (income), net
|
|
|
(7,491 |
) |
|
|
566 |
|
|
|
6,925 |
|
|
|
— |
|
|
|
— |
|
Other expense, net
|
|
|
193 |
|
|
|
344 |
|
|
|
120 |
|
|
|
— |
|
|
|
657 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income tax expense
|
|
|
11,301 |
|
|
|
11,214 |
|
|
|
25,887 |
|
|
|
— |
|
|
|
48,402 |
|
Income tax expense
|
|
|
2,622 |
|
|
|
2,601 |
|
|
|
6,005 |
|
|
|
— |
|
|
|
11,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings from continuing operations before equity in earnings of subsidiaries
|
|
|
8,679 |
|
|
|
8,613 |
|
|
|
19,882 |
|
|
|
— |
|
|
|
37,174 |
|
Equity in earnings (loss) of subsidiaries
|
|
|
28,495 |
|
|
|
16,794 |
|
|
|
(488 |
) |
|
|
(44,801 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings
|
|
$ |
37,174 |
|
|
$ |
25,407 |
|
|
$ |
19,394 |
|
|
$ |
(44,801 |
) |
|
$ |
37,174 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
$000,000 |
|
|
|
Three Months Ended November 30, 2010 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
Net sales
|
|
$ |
35,969 |
|
|
$ |
122,729 |
|
|
$ |
159,714 |
|
|
$ |
— |
|
|
$ |
318,412 |
|
Cost of products sold
|
|
|
10,425 |
|
|
|
87,163 |
|
|
|
98,971 |
|
|
|
— |
|
|
|
196,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
25,544 |
|
|
|
35,566 |
|
|
|
60,743 |
|
|
|
— |
|
|
|
121,853 |
|
Selling, administrative and engineering expenses
|
|
|
19,170 |
|
|
|
23,988 |
|
|
|
31,034 |
|
|
|
— |
|
|
|
74,192 |
|
Amortization of intangible assets
|
|
|
— |
|
|
|
3,726 |
|
|
|
2,363 |
|
|
|
— |
|
|
|
6,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit
|
|
|
6,374 |
|
|
|
7,852 |
|
|
|
27,346 |
|
|
|
— |
|
|
|
41,572 |
|
Financing costs, net
|
|
|
7,552 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
7,552 |
|
Intercompany expense (income), net
|
|
|
1,885 |
|
|
|
4,424 |
|
|
|
(6,309 |
) |
|
|
— |
|
|
|
— |
|
Other expense (income), net
|
|
|
(313 |
) |
|
|
404 |
|
|
|
357 |
|
|
|
— |
|
|
|
448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) from continuing operations before income taxes
|
|
|
(2,750 |
) |
|
|
3,024 |
|
|
|
33,298 |
|
|
|
— |
|
|
|
33,572 |
|
Income tax expense (benefit)
|
|
|
(565 |
) |
|
|
623 |
|
|
|
6,853 |
|
|
|
— |
|
|
|
6,911 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings (loss) from continuing operations before equity in earnings of subsidiaries
|
|
|
(2,185 |
) |
|
|
2,401 |
|
|
|
26,445 |
|
|
|
— |
|
|
|
26,661 |
|
Equity in earnings of subsidiaries
|
|
|
28,075 |
|
|
|
19,263 |
|
|
|
1,342 |
|
|
|
(48,680 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings from continuing operations
|
|
|
25,890 |
|
|
|
21,664 |
|
|
|
27,787 |
|
|
|
(48,680 |
) |
|
|
26,661 |
|
Loss from discontinued operations
|
|
|
— |
|
|
|
— |
|
|
|
(771 |
) |
|
|
— |
|
|
|
(771 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net earnings
|
|
$ |
25,890 |
|
|
$ |
21,664 |
|
|
$ |
27,016 |
|
|
$ |
(48,680 |
) |
|
$ |
25,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule Of Condensed Consolidating Balance Sheets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
November 30, 2011 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets
|
|
$ |
88,535 |
|
|
$ |
164,105 |
|
|
$ |
296,899 |
|
|
$ |
— |
|
|
$ |
549,539 |
|
Property, Plant & Equipment, net
|
|
|
5,282 |
|
|
|
35,366 |
|
|
|
77,934 |
|
|
|
— |
|
|
|
118,582 |
|
Goodwill
|
|
|
62,543 |
|
|
|
433,794 |
|
|
|
375,519 |
|
|
|
— |
|
|
|
871,856 |
|
Other Intangibles, net
|
|
|
15,527 |
|
|
|
213,749 |
|
|
|
235,162 |
|
|
|
— |
|
|
|
464,438 |
|
Intercompany Receivable
|
|
|
— |
|
|
|
256,142 |
|
|
|
68,861 |
|
|
|
(325,003 |
) |
|
|
— |
|
Investment in Subsidiaries
|
|
|
1,853,892 |
|
|
|
382,355 |
|
|
|
62,021 |
|
|
|
(2,298,268 |
) |
|
|
— |
|
Other Long-term Assets
|
|
|
10,503 |
|
|
|
52 |
|
|
|
2,584 |
|
|
|
— |
|
|
|
13,139 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
$ |
2,036,282 |
|
|
$ |
1,485,563 |
|
|
$ |
1,118,980 |
|
|
$ |
(2,623,271 |
) |
|
$ |
2,017,554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES & SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities
|
|
$ |
61,637 |
|
|
$ |
62,795 |
|
|
$ |
173,620 |
|
|
$ |
— |
|
|
$ |
298,052 |
|
Long-term Debt
|
|
|
525,997 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
525,997 |
|
Deferred Income Taxes
|
|
|
129,350 |
|
|
|
— |
|
|
|
35,051 |
|
|
|
— |
|
|
|
164,401 |
|
Pension and Post-retirement Benefit Liabilities
|
|
|
16,499 |
|
|
|
— |
|
|
|
2,207 |
|
|
|
— |
|
|
|
18,706 |
|
Other Long-term Liabilities
|
|
|
62,503 |
|
|
|
739 |
|
|
|
31,863 |
|
|
|
— |
|
|
|
95,105 |
|
Intercompany Payable
|
|
|
325,003 |
|
|
|
— |
|
|
|
—
|
|
|
|
(325,003 |
) |
|
|
— |
|
Shareholders' Equity
|
|
|
915,293 |
|
|
|
1,422,029 |
|
|
|
876,239 |
|
|
|
(2,298,268 |
) |
|
|
915,293 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Shareholders' Equity
|
|
$ |
2,036,282 |
|
|
$ |
1,485,563 |
|
|
$ |
1,118,980 |
|
|
$ |
(2,623,271 |
) |
|
$ |
2,017,554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 31, 2011 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Assets
|
|
$ |
87,982 |
|
|
$ |
155,067 |
|
|
$ |
303,435 |
|
|
$ |
— |
|
|
$ |
546,484 |
|
Property, Plant & Equipment, net
|
|
|
4,327 |
|
|
|
37,133 |
|
|
|
87,189 |
|
|
|
— |
|
|
|
128,649 |
|
Goodwill
|
|
|
62,543 |
|
|
|
432,184 |
|
|
|
393,739 |
|
|
|
— |
|
|
|
888,466 |
|
Other Intangibles, net
|
|
|
15,861 |
|
|
|
216,277 |
|
|
|
247,268 |
|
|
|
— |
|
|
|
479,406 |
|
Intercompany Receivable
|
|
|
— |
|
|
|
277,157 |
|
|
|
45,770 |
|
|
|
(322,927 |
) |
|
|
— |
|
Investment in Subsidiaries
|
|
|
1,859,779 |
|
|
|
379,170 |
|
|
|
67,794 |
|
|
|
(2,306,743 |
) |
|
|
— |
|
Other Long-term Assets
|
|
|
10,862 |
|
|
|
51 |
|
|
|
2,763 |
|
|
|
— |
|
|
|
13,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
$ |
2,041,354 |
|
|
$ |
1,497,039 |
|
|
$ |
1,147,958 |
|
|
$ |
(2,629,670 |
) |
|
$ |
2,056,681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES & SHAREHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current Liabilities
|
|
$ |
76,300 |
|
|
$ |
70,126 |
|
|
$ |
183,877 |
|
|
$ |
— |
|
|
$ |
330,303 |
|
Long-term Debt
|
|
|
522,727 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
522,727 |
|
Deferred Income Taxes
|
|
|
124,469 |
|
|
|
— |
|
|
|
41,476 |
|
|
|
— |
|
|
|
165,945 |
|
Pension and Post-retirement Benefit Liabilities
|
|
|
16,452 |
|
|
|
— |
|
|
|
2,412 |
|
|
|
— |
|
|
|
18,864 |
|
Other Long-term Liabilities
|
|
|
59,466 |
|
|
|
779 |
|
|
|
39,584 |
|
|
|
— |
|
|
|
99,829 |
|
Intercompany Payable
|
|
|
322,927 |
|
|
|
— |
|
|
|
— |
|
|
|
(322,927 |
) |
|
|
— |
|
Shareholders' Equity
|
|
|
919,013 |
|
|
|
1,426,134 |
|
|
|
880,609 |
|
|
|
(2,306,743 |
) |
|
|
919,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities and Shareholders' Equity
|
|
$ |
2,041,354 |
|
|
$ |
1,497,039 |
|
|
$ |
1,147,958 |
|
|
$ |
(2,629,670 |
) |
|
$ |
2,056,681 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule Of Condensed Consolidating Statements Of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended November 30, 2011 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
Operating Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) operating activities
|
|
$ |
(10,089 |
) |
|
$ |
7,121 |
|
|
$ |
23,443 |
|
|
$ |
— |
|
|
$ |
20,475 |
|
|
|
|
|
|
|
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sale of property, plant & equipment
|
|
|
— |
|
|
|
68 |
|
|
|
5,850 |
|
|
|
— |
|
|
|
5,918 |
|
Capital expenditures
|
|
|
(2,206 |
) |
|
|
(571 |
) |
|
|
(2,818 |
) |
|
|
— |
|
|
|
(5,595 |
) |
Business acquisitions, net of cash acquired
|
|
|
(290 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(290 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash (used in) provided by investing activities
|
|
|
(2,496 |
) |
|
|
(503 |
) |
|
|
3,032 |
|
|
|
— |
|
|
|
33 |
|
|
|
|
|
|
|
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net borrowings on revolver and other debt
|
|
|
4,700 |
|
|
|
— |
|
|
|
109 |
|
|
|
— |
|
|
|
4,809 |
|
Intercompany loan activity
|
|
|
28,060 |
|
|
|
(6,618 |
) |
|
|
(21,442 |
) |
|
|
— |
|
|
|
— |
|
Purchase of treasury shares
|
|
|
(20,410 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(20,410 |
) |
Stock option exercises, related tax benefits and other
|
|
|
2,782 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,782 |
|
Cash dividend
|
|
|
(2,748 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,748 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash (used in) provided by financing activities
|
|
|
12,384 |
|
|
|
(6,618 |
) |
|
|
(21,333 |
) |
|
|
— |
|
|
|
(15,567 |
) |
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
— |
|
|
|
— |
|
|
|
(1,043 |
) |
|
|
— |
|
|
|
(1,043 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash and cash equivalents
|
|
|
(201 |
) |
|
|
— |
|
|
|
4,099 |
|
|
|
— |
|
|
|
3,898 |
|
Cash and cash equivalents - beginning of period
|
|
|
872 |
|
|
|
— |
|
|
|
43,349 |
|
|
|
— |
|
|
|
44,221 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents - end of period
|
|
$ |
671 |
|
|
$ |
— |
|
|
$ |
47,448 |
|
|
$ |
— |
|
|
$ |
48,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended November 30, 2010 |
|
|
|
Parent |
|
|
Guarantors |
|
|
Non- Guarantors |
|
|
Eliminations |
|
|
Consolidated |
|
Operating Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by operating activities
|
|
$ |
(16,313 |
) |
|
$ |
9,615 |
|
|
$ |
14,717 |
|
|
$ |
(1,533 |
) |
|
$ |
6,486 |
|
|
|
|
|
|
|
Investing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sale of property, plant & equipment
|
|
|
— |
|
|
|
16 |
|
|
|
43 |
|
|
|
— |
|
|
|
59 |
|
Capital expenditures
|
|
|
(319 |
) |
|
|
(1,466 |
) |
|
|
(2,292 |
) |
|
|
— |
|
|
|
(4,077 |
) |
Business acquistitions, net of cash acquired
|
|
|
— |
|
|
|
(350 |
) |
|
|
24 |
|
|
|
— |
|
|
|
(326 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash used in investing activities
|
|
|
(319 |
) |
|
|
(1,800 |
) |
|
|
(2,225 |
) |
|
|
— |
|
|
|
(4,344 |
) |
|
|
|
|
|
|
Financing Activities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net repayments on revolver and other debt
|
|
|
— |
|
|
|
— |
|
|
|
14 |
|
|
|
— |
|
|
|
14 |
|
Repurchases of 2% Convertible Notes
|
|
|
(34 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(34 |
) |
Intercompany loan activity
|
|
|
13,276 |
|
|
|
(7,815 |
) |
|
|
(5,461 |
) |
|
|
— |
|
|
|
— |
|
Stock option exercises and related tax benefits
|
|
|
3,553 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,553 |
|
Cash dividend
|
|
|
(2,716 |
) |
|
|
— |
|
|
|
(1,533 |
) |
|
|
1,533 |
|
|
|
(2,716 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash provided by (used in) financing activities
|
|
|
14,079 |
|
|
|
(7,815 |
) |
|
|
(6,980 |
) |
|
|
1,533 |
|
|
|
817 |
|
|
|
|
|
|
|
Effect of exchange rate changes on cash
|
|
|
— |
|
|
|
— |
|
|
|
1,029 |
|
|
|
— |
|
|
|
1,029 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (decrease) increase in cash and cash equivalents
|
|
|
(2,553 |
) |
|
|
— |
|
|
|
6,541 |
|
|
|
— |
|
|
|
3,988 |
|
Cash and cash equivalents - beginning of period
|
|
|
5,055 |
|
|
|
— |
|
|
|
35,167 |
|
|
|
— |
|
|
|
40,222 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents - end of period
|
|
$ |
2,502 |
|
|
$ |
— |
|
|
$ |
41,708 |
|
|
$ |
— |
|
|
$ |
44,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|