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 9 Months Ended
May 31, 2017
May 31, 2016
Feb. 29, 2016
May 31, 2017
May 31, 2016
Income Statement [Abstract]          
Net sales $ 295,427 $ 305,341   $ 820,089 $ 873,641
Cost of products sold 192,623 197,815   536,892 566,524
Gross profit 102,804 107,526   283,197 307,117
Selling, administrative and engineering expenses 70,051 70,120   205,609 210,202
Amortization of intangible assets 5,037 5,567   15,368 17,347
Director & officer transition charges 0 0   7,784 0
Restructuring Charges 384 3,496   5,433 11,458
Asset Impairment Charges 0 0 $ 186,511 0 186,511
Operating profit (loss) 27,332 28,343   49,003 (118,401)
Financing costs, net 7,553 7,253   22,019 21,236
Other expense, net 1,297 751   1,260 1,605
Earnings (loss) before income tax benefit 18,482 20,339   25,724 (141,242)
Income tax benefit (4,029) (827)   (6,827) (18,666)
Net earnings (loss) $ 22,511 $ 21,166   $ 32,551 $ (122,576)
Earnings (loss) per share:          
Basic $ 0.38 $ 0.36   $ 0.55 $ (2.08)
Diluted $ 0.37 $ 0.36   $ 0.54 $ (2.08)
Weighted average common shares outstanding:          
Basic 59,675 58,923   59,339 59,034
Diluted 60,402 59,589   60,055 59,034