Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation Basis of Presentation (Policies)

v3.23.1
Basis of Presentation Basis of Presentation (Policies)
 6 Months Ended
Feb. 28, 2023
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recently Issued Accounting Pronouncements
In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which amends ASC 805 to require an acquirer to, at the date of acquisition, recognize and measure contract assets and contract liabilities acquired in accordance with ASU 2014-9, Revenue from Contracts with Customers (Topic 606) as if the entity had originated the contracts. The guidance is effective for fiscal years beginning after December 15, 2022. The Company will adopt this guidance in the event of a business combination subsequent to the effective date of the guidance.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Accumulated Other Comprehensive Loss
The following is a summary of the Company's accumulated other comprehensive loss (in thousands):
February 28, 2023 August 31, 2022
Foreign currency translation adjustments $ 109,260  $ 116,078 
Pension and other postretirement benefit plans 18,207  18,883 
Cash flow and net investment hedges 227  — 
Accumulated other comprehensive loss $ 127,694  $ 134,961 
Property, Plant and Equipment [Table Text Block]
Property Plant and Equipment
The following is a summary of the Company's components of property, plant and equipment (in thousands):
February 28, 2023 August 31, 2022
Land, buildings and improvements $ 14,725  $ 14,121 
Machinery and equipment 146,480  141,571 
Gross property, plant and equipment 161,205  155,692 
Less: Accumulated depreciation (119,957) (114,320)
Property, plant and equipment, net $ 41,248  $ 41,372