Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Feb. 28, 2017
Feb. 29, 2016
Feb. 28, 2017
Feb. 29, 2016
Income Statement [Abstract]        
Net sales $ 258,869 $ 263,289 $ 524,662 $ 568,300
Cost of products sold 171,543 172,259 344,269 368,709
Gross profit 87,326 91,030 180,393 199,591
Selling, administrative and engineering expenses 66,957 67,172 135,561 140,083
Amortization of intangible assets 5,069 5,880 10,330 11,779
Director & officer transition charges 0 0 7,784 0
Restructuring Charges 2,101 3,582 5,048 7,962
Asset Impairment Charges 0 186,511 0 186,511
Operating profit (loss) 13,199 (172,115) 21,670 (146,744)
Financing costs, net 7,334 6,866 14,467 13,982
Other expense (income), net 591 235 (38) 855
Earnings (loss) before income taxes 5,274 (179,216) 7,241 (161,581)
Income tax expense (benefit) 200 (20,026) (2,798) (17,839)
Net earnings (loss) $ 5,074 $ (159,190) $ 10,039 $ (143,742)
Earnings (loss) per share:        
Basic $ 0.09 $ (2.70) $ 0.17 $ (2.43)
Diluted $ 0.08 $ (2.70) $ 0.17 $ (2.43)
Weighted average common shares outstanding:        
Basic 59,368 58,991 59,170 59,089
Diluted 60,146 58,991 59,881 59,089