Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EARNINGS

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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Feb. 29, 2016
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2014
Income Statement [Abstract]        
Net sales   $ 1,149,410 $ 1,249,254 $ 1,399,862
Cost of products sold   746,013 787,413 852,990
Gross profit   403,397 461,841 546,872
Selling, administrative and engineering expenses   274,497 299,601 332,093
Amortization of intangible assets   22,943 24,333 25,166
Gain (loss) on product line divestiture   5,092 0 (13,495)
Restructuring charges   14,571 0 0
Impairment charge $ 186,511 186,511 84,353 0
Operating profit (loss)   (100,217) 53,554 203,108
Financing costs, net   28,768 28,057 25,045
Other expense, net   1,359 106 4,037
Earnings from continuing operations before income tax expense   (130,344) 25,391 174,026
Income tax expense   (25,170) 5,519 32,573
Earnings from continuing operations   (105,174) 19,872 141,453
Earnings (loss) from discontinued operations, net of income taxes   0 0 22,120
Net earnings   $ (105,174) $ 19,872 $ 163,573
Earnings from continuing operations per share:        
Basic (in dollars per share)   $ (1.78) $ 0.32 $ 1.99
Diluted (in dollars per share)   (1.78) 0.32 1.95
Earnings per share:        
Basic (in dollars per share)   (1.78) 0.32 2.31
Diluted (in dollars per share)   $ (1.78) $ 0.32 $ 2.26
Weighted average common shares outstanding:        
Basic (in shares)   59,010 61,262 70,942
Diluted (in shares)   59,010 62,055 72,486