Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.10.0.1
Acquisitions (Tables)
 12 Months Ended
Aug. 31, 2018
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following table summarizes the combined estimated fair value of the assets acquired and the liabilities assumed for Mirage and Equalizer (in thousands):
 
Total
Accounts receivable, net
$
2,324

Inventories, net
4,388

Other current assets
263

Property, plant & equipment
2,064

Goodwill
12,441

Other intangibles
6,049

Trade accounts payable
(2,090
)
Accrued compensation and benefits
(175
)
Income taxes payable
(779
)
Other current liabilities
(239
)
Deferred income taxes
(1,028
)
Cash paid for business acquisition
$
23,218

Proforma Results of Operations
The following unaudited pro forma operating results give effect to these two acquisitions as though the transactions and related financing activities had occurred on September 1, 2015 (in thousands, except per share amounts).
 
 
 
2016
Net Sales
 
As reported
$
1,149,410

Pro Forma
1,175,304

Net Loss
 
As reported
$
(105,174
)
Pro Forma
(100,927
)
Basic loss per share
 
As reported
$
(1.78
)
Pro Forma
(1.71
)
Diluted loss per share
 
As reported
$
(1.78
)
Pro Forma
(1.71
)