Goodwill and Other Intangible Assets (Tables)
|
9 Months Ended |
May 31, 2017 |
May 31, 2016 |
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
|
| Asset Impairment Charges [Table Text Block] |
|
A summary of the second quarter fiscal 2016 impairment charge by reporting unit is as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cortland |
|
Viking |
|
maximatecc |
|
Total |
Goodwill |
$ |
34,502 |
|
|
$ |
39,099 |
|
|
$ |
44,521 |
|
|
$ |
118,122 |
|
Indefinite lived intangible assets |
2,211 |
|
|
13,289 |
|
|
1,153 |
|
|
16,653 |
|
Amortizable intangible assets |
— |
|
|
27,952 |
|
|
— |
|
|
27,952 |
|
Fixed assets |
— |
|
|
23,784 |
|
|
— |
|
|
23,784 |
|
|
$ |
36,713 |
|
|
$ |
104,124 |
|
|
$ |
45,674 |
|
|
$ |
186,511 |
|
|
| Schedule of Goodwill |
The changes in the carrying value of goodwill for the nine months ended May 31, 2017 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial |
|
Energy |
|
Engineered Solutions |
|
Total |
Balance as of August 31, 2016 |
$ |
101,739 |
|
|
$ |
187,321 |
|
|
$ |
230,216 |
|
|
$ |
519,276 |
|
Purchase accounting adjustments |
(59 |
) |
|
1,144 |
|
|
— |
|
|
1,085 |
|
Impact of changes in foreign currency rates |
219 |
|
|
(1,241 |
) |
|
454 |
|
|
(568 |
) |
Balance as of May 31, 2017 |
$ |
101,899 |
|
|
$ |
187,224 |
|
|
$ |
230,670 |
|
|
$ |
519,793 |
|
|
|
| Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table |
The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 31, 2017 |
|
August 31, 2016 |
|
Weighted Average
Amortization
Period (Years)
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Book
Value
|
|
Gross
Carrying
Value
|
|
Accumulated
Amortization
|
|
Net
Book
Value
|
Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer relationships |
15 |
|
$ |
291,307 |
|
|
$ |
178,168 |
|
|
$ |
113,139 |
|
|
$ |
292,671 |
|
|
$ |
166,252 |
|
|
$ |
126,419 |
|
Patents |
11 |
|
30,204 |
|
|
23,558 |
|
|
6,646 |
|
|
30,296 |
|
|
22,233 |
|
|
8,063 |
|
Trademarks and tradenames |
18 |
|
21,236 |
|
|
8,891 |
|
|
12,345 |
|
|
21,283 |
|
|
7,936 |
|
|
13,347 |
|
Other intangibles |
3 |
|
6,595 |
|
|
6,090 |
|
|
505 |
|
|
6,627 |
|
|
5,890 |
|
|
737 |
|
Indefinite lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Tradenames |
N/A |
|
90,651 |
|
|
— |
|
|
90,651 |
|
|
90,909 |
|
|
— |
|
|
90,909 |
|
|
|
|
$ |
439,993 |
|
|
$ |
216,707 |
|
|
$ |
223,286 |
|
|
$ |
441,786 |
|
|
$ |
202,311 |
|
|
$ |
239,475 |
|
|
|