Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2015
Aug. 31, 2014
Current assets    
Cash and cash equivalents $ 168,846 $ 109,012
Accounts receivable, net 193,081 227,008
Inventories, net 142,752 162,620
Deferred income taxes 12,922 11,050
Other current assets 42,788 33,300
Total current assets 560,389 542,990
Property, plant and equipment    
Land, buildings, and improvements 48,515 52,989
Machinery and equipment 269,983 281,763
Gross property, plant and equipment 318,498 334,752
Less: Accumulated depreciation (176,040) (165,651)
Property, plant and equipment, net 142,458 169,101
Goodwill 608,256 742,770
Other intangibles, net 308,762 365,177
Other long-term assets 17,052 36,841
Total assets 1,636,917 1,856,879
Current liabilities    
Trade accounts payable 118,115 145,798
Accrued compensation and benefits 43,707 52,964
Current maturities of debt and short-term borrowings 3,969 4,500
Income taxes payable 14,805 38,347
Other current liabilities 54,460 57,512
Total current liabilities 235,056 299,121
Long-term debt 584,309 385,500
Deferred income taxes 72,941 96,970
Pension and postretirement benefit liabilities 17,828 15,699
Other long-term liabilities 53,782 57,878
Total liabilities 963,916 855,168
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 78,932,533 and 78,480,780 shares, respectively 15,787 15,695
Additional paid-in capital 104,308 93,449
Treasury stock, at cost, 19,726,479 shares and 12,195,359 shares, respectively (600,630) (388,627)
Retained earnings 1,367,176 1,349,602
Accumulated other comprehensive loss (213,640) (68,408)
Stock held in trust (4,292) (4,083)
Deferred compensation liability 4,292 4,083
Total shareholders’ equity 673,001 1,001,711
Total liabilities and shareholders’ equity $ 1,636,917 $ 1,856,879