Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2016
Aug. 31, 2015
Current assets    
Cash and cash equivalents $ 179,604 $ 168,846
Accounts receivable, net 186,829 193,081
Inventories, net 130,756 142,752
Deferred income taxes 0 12,922
Other current assets 45,463 42,788
Total current assets 542,652 560,389
Property, plant and equipment    
Land, buildings, and improvements 41,504 48,515
Machinery and equipment 268,362 269,983
Gross property, plant and equipment 309,866 318,498
Less: Accumulated depreciation (195,851) (176,040)
Property, plant and equipment, net 114,015 142,458
Goodwill 519,276 608,256
Other intangibles, net 239,475 308,762
Other long-term assets 27,120 17,052
Total assets 1,442,538 1,636,917
Current liabilities    
Trade accounts payable 115,051 118,115
Accrued compensation and benefits 46,901 43,707
Current maturities of debt and short-term borrowings 18,750 3,969
Income taxes payable 9,254 14,805
Other current liabilities 51,956 54,460
Total current liabilities 241,912 235,056
Long-term Debt, Excluding Current Maturities 565,559 584,309
Deferred income taxes 31,356 72,941
Pension and postretirement benefit liabilities 25,667 17,828
Other long-term liabilities 57,094 53,782
Total liabilities 921,588 963,916
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 78,932,533 and 78,480,780 shares, respectively 15,879 15,787
Additional paid-in capital 114,980 104,308
Treasury stock, at cost, 19,726,479 shares and 12,195,359 shares, respectively (617,731) (600,630)
Retained earnings 1,259,645 1,367,176
Accumulated other comprehensive loss (251,823) (213,640)
Stock held in trust (2,646) (4,292)
Deferred compensation liability 2,646 4,292
Total shareholders’ equity 520,950 673,001
Total liabilities and shareholders’ equity $ 1,442,538 $ 1,636,917