Annual report pursuant to Section 13 and 15(d)

Condensed Consolidating Statements of Earnings (Detail)

v3.19.3
Condensed Consolidating Statements of Earnings (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2017
Condensed Financial Statements, Captions [Line Items]      
Net sales $ 654,758 $ 641,303 $ 616,591
Cost of products sold 362,106 358,019 356,221
Gross profit 292,652 283,284 260,370
Selling, administrative and engineering expenses 209,231 210,256 208,128
Amortization of intangible assets 8,922 9,280 9,097
Director & officer transition charges 0 0 7,784
Restructuring charges 4,156 10,555 3,234
Impairment and divestiture charges 22,827 2,987  
Asset Impairment Charges     116,979
Operating profit (loss) 47,516 50,206 (84,852)
Financing costs, net 28,163 30,872 29,221
Intercompany expense (income), net 0 0 0
Intercompany Dividends 0 0 0
Other expense (income), net 629 138 3,816
Earnings (loss) before income tax expense (benefit) 18,724 19,196 (117,889)
Income Tax Expense (Benefit) 10,657 14,450 (22,614)
Net Earnings (Loss) from Continuing Operations 8,067 4,746 (95,275)
Net (Loss) Earnings from Discontinued Operations (257,212) (26,394) 29,062
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries (249,145) (21,648) (66,213)
Equity in earnings (loss) of subsidiaries 0 0 0
Net (loss) earnings (249,145) (21,648) (66,213)
Comprehensive income (loss) (246,572) 31,368 (41,651)
Parent      
Condensed Financial Statements, Captions [Line Items]      
Net sales 167,009 159,411 145,222
Cost of products sold 46,220 29,811 35,244
Gross profit 120,789 129,600 109,978
Selling, administrative and engineering expenses 85,399 81,028 76,816
Amortization of intangible assets 1,272 1,272 1,272
Director & officer transition charges     7,784
Restructuring charges 562 6,109 634
Impairment and divestiture charges 0 4,217  
Asset Impairment Charges     0
Operating profit (loss) 33,556 36,974 23,472
Financing costs, net 28,716 31,752 30,005
Intercompany expense (income), net (15,020) (17,087) (23,302)
Intercompany Dividends (447,637) 0 0
Other expense (income), net (435) (826) 3,303
Earnings (loss) before income tax expense (benefit) 467,932 23,135 13,466
Income Tax Expense (Benefit) (5,113) (35,134) (4,623)
Net Earnings (Loss) from Continuing Operations 473,045 58,269 18,089
Net (Loss) Earnings from Discontinued Operations (3,148) (5,951) (6,362)
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries 469,897 52,318 11,727
Equity in earnings (loss) of subsidiaries (719,042) (73,966) (77,940)
Net (loss) earnings (249,145) (21,648) (66,213)
Comprehensive income (loss) (246,572) 31,368 (41,651)
Guarantors      
Condensed Financial Statements, Captions [Line Items]      
Net sales 70,621 65,128 74,008
Cost of products sold 44,007 41,674 45,994
Gross profit 26,614 23,454 28,014
Selling, administrative and engineering expenses 20,095 22,540 24,958
Amortization of intangible assets 2,600 2,892 2,892
Director & officer transition charges     0
Restructuring charges 1,402 661 19
Impairment and divestiture charges 6,243 0  
Asset Impairment Charges     0
Operating profit (loss) (3,726) (2,639) 145
Financing costs, net 0 0 0
Intercompany expense (income), net 21,573 16,276 84,562
Intercompany Dividends (39,208) (28,822) (231,689)
Other expense (income), net 1 18 (26)
Earnings (loss) before income tax expense (benefit) 13,908 9,889 147,298
Income Tax Expense (Benefit) (2,395) 21,689 (18,477)
Net Earnings (Loss) from Continuing Operations 16,303 (11,800) 165,775
Net (Loss) Earnings from Discontinued Operations (93,730) 9,342 9,791
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries (77,427) (2,458) 175,566
Equity in earnings (loss) of subsidiaries (28,354) (54,385) (67,668)
Net (loss) earnings (105,781) (56,843) 107,898
Comprehensive income (loss) (105,781) (56,843) 90,011
Non-Guarantors      
Condensed Financial Statements, Captions [Line Items]      
Net sales 417,128 416,764 397,361
Cost of products sold 271,879 286,534 274,983
Gross profit 145,249 130,230 122,378
Selling, administrative and engineering expenses 103,737 106,688 106,354
Amortization of intangible assets 5,050 5,116 4,933
Director & officer transition charges     0
Restructuring charges 2,192 3,785 2,581
Impairment and divestiture charges 16,584 (1,230)  
Asset Impairment Charges     116,979
Operating profit (loss) 17,686 15,871 (108,469)
Financing costs, net (553) (880) (784)
Intercompany expense (income), net 70,086 (46,961) (67,796)
Intercompany Dividends 0 0 (5,623)
Other expense (income), net 1,063 946 539
Earnings (loss) before income tax expense (benefit) (52,910) 62,766 (34,805)
Income Tax Expense (Benefit) 18,165 27,895 486
Net Earnings (Loss) from Continuing Operations (71,075) 34,871 (35,291)
Net (Loss) Earnings from Discontinued Operations (83,695) (77,557) 19,097
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries (154,770) (42,686) (16,194)
Equity in earnings (loss) of subsidiaries 11,064 613 316
Net (loss) earnings (143,706) (42,073) (15,878)
Comprehensive income (loss) (137,292) 9,555 43,818
Consolidation, Eliminations      
Condensed Financial Statements, Captions [Line Items]      
Net sales 0 0 0
Cost of products sold 0 0 0
Gross profit 0 0 0
Selling, administrative and engineering expenses 0 0 0
Amortization of intangible assets 0 0 0
Director & officer transition charges     0
Restructuring charges 0 0
Impairment and divestiture charges 0 0  
Asset Impairment Charges     0
Operating profit (loss) 0 0 0
Financing costs, net 0 0 0
Intercompany expense (income), net (76,639) 47,772 6,536
Intercompany Dividends 486,845 28,822 237,312
Other expense (income), net 0 0 0
Earnings (loss) before income tax expense (benefit) (410,206) (76,594) (243,848)
Income Tax Expense (Benefit) 0 0 0
Net Earnings (Loss) from Continuing Operations (410,206) (76,594) (243,848)
Net (Loss) Earnings from Discontinued Operations (76,639) 47,772 6,536
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries (486,845) (28,822) (237,312)
Equity in earnings (loss) of subsidiaries 736,332 127,738 145,292
Net (loss) earnings 249,487 98,916 (92,020)
Comprehensive income (loss) $ 243,073 $ 47,288 $ (133,829)