Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May 31, 2016
Feb. 29, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Income Statement [Abstract]          
Net sales $ 305,341   $ 320,100 $ 873,641 $ 948,870
Cost of products sold 197,815   201,540 566,524 593,573
Gross profit 107,526   118,560 307,117 355,297
Selling, administrative and engineering expenses 70,120   69,569 210,202 227,809
Amortization of intangible assets 5,567   5,989 17,347 18,362
Restructuring charges 3,496   0 11,458 0
Impairment charges 0 $ 186,511 0 186,511 84,353
Operating profit (loss) 28,343   43,002 (118,401) 24,773
Financing costs, net 7,253   7,462 21,236 20,683
Other expense (income), net 751   569 1,605 (489)
Earnings (loss) before income taxes 20,339   34,971 (141,242) 4,579
Income tax (benefit) expense (827)   (2,987) (18,666) 6,785
Net earnings (loss) $ 21,166   $ 37,958 $ (122,576) $ (2,206)
Earnings (loss) per share:          
Basic $ 0.36   $ 0.64 $ (2.08) $ (0.04)
Diluted $ 0.36   $ 0.63 $ (2.08) $ (0.04)
Weighted average common shares outstanding:          
Basic 58,923   59,617 59,034 61,911
Diluted 59,589   60,243 59,034 61,911