Annual report pursuant to Section 13 and 15(d)

Discontinued Operations and Divestitures (Tables)

v2.4.0.8
Discontinued Operations and Divestitures (Tables)
 12 Months Ended
Aug. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures
The following table summarizes the results of the Electrical segment which is reported as a discontinued operation for each of the last three fiscal years (in thousands):
 
Year Ended August 31,
 
2014
 
2013
 
2012
Net sales
$
72,139

 
$
286,308

 
$
328,821

 
 
 
 
 
 
Operating profit (loss) (1)
(4,873
)
 
34,536

 
28,148

Impairment charge
—

 
(159,104
)
 
(62,464
)
Gain on disposal
34,459

 
—

 
—

Income tax benefit (expense)
(7,466
)
 
7,039

 
(3,670
)
Income (loss) from discontinued operations, net of taxes
$
22,120

 
$
(117,529
)
 
$
(37,986
)
(1) The operating loss in fiscal 2014 includes the operating results of the Electrical segment through the sale date of December 13, 2013, certain divestiture costs and a $3.1 million non-cash charge for the accelerated vesting of equity compensation.