Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2019
Aug. 31, 2018
Current assets    
Cash and cash equivalents $ 211,151 $ 250,490
Accounts receivable, net 125,883 123,261
Inventories, net 77,187 72,020
Assets from discontinued operations 285,578 568,933
Other current assets 30,526 32,529
Total current assets 730,325 1,047,233
Property, plant and equipment, net 56,729 54,974
Goodwill 260,415 280,132
Other intangible assets, net 52,375 71,657
Other long-term assets 24,430 31,221
Total assets 1,124,274 1,485,217
Current liabilities    
Trade accounts payable 76,914 69,584
Accrued compensation and benefits 26,421 35,992
Current maturities of debt 7,500 30,000
Income taxes payable 4,838 4,091
Liabilities from discontinued operations 143,763 160,573
Other current liabilities 40,965 53,768
Total current liabilities 300,401 354,008
Long-term debt, net 452,945 502,695
Deferred income taxes 1,564 3,947
Pension and postretirement benefit liabilities 20,213 13,957
Other long-term liabilities 47,972 51,898
Total liabilities 823,095 926,505
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 81,920,679 and 81,423,584 shares, respectively 16,384 16,285
Additional paid-in capital 181,213 167,448
Treasury stock, at cost, 21,455,568 and 20,439,434 shares, respectively (640,212) (617,731)
Retained earnings 915,466 1,166,955
Accumulated other comprehensive loss (171,672) (174,245)
Stock held in trust (3,070) (2,450)
Deferred compensation liability 3,070 2,450
Total shareholders’ equity 301,179 558,712
Total liabilities and shareholders’ equity $ 1,124,274 $ 1,485,217