Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2017
Aug. 31, 2016
Current assets    
Cash and cash equivalents $ 229,571 $ 179,604
Accounts receivable, net 190,206 186,829
Inventories, net 143,651 130,756
Assets held-for-sale 21,835 0
Other current assets 61,663 45,463
Total current assets 646,926 542,652
Property, plant and equipment    
Land, buildings and improvements 43,737 41,504
Machinery and equipment 227,535 268,362
Gross property, plant and equipment 271,272 309,866
Less: Accumulated depreciation (176,751) (195,851)
Property, plant and equipment, net 94,521 114,015
Goodwill 530,081 519,276
Other intangibles, net 220,489 239,475
Other long-term assets 24,938 23,242
Total assets 1,516,955 1,438,660
Current liabilities    
Trade accounts payable 133,387 115,051
Accrued compensation and benefits 50,939 46,901
Current maturities of debt and short-term borrowings 30,000 18,750
Income taxes payable 6,080 9,254
Liabilities Held-for-sale 101,083 0
Other current liabilities 57,445 51,956
Total current liabilities 378,934 241,912
Long-term Debt, net 531,940 561,681
Deferred income taxes 29,859 31,356
Pension and postretirement benefit liabilities 19,862 25,667
Other long-term liabilities 55,821 57,094
Total liabilities 1,016,416 917,710
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 80,200,110 and 79,393,393 shares, respectively 16,040 15,879
Additional paid-in capital 138,449 114,980
Treasury stock, at cost, 20,439,434 shares (617,731) (617,731)
Retained earnings 1,191,042 1,259,645
Accumulated other comprehensive loss (227,261) (251,823)
Stock held in trust (2,696) (2,646)
Deferred compensation liability 2,696 2,646
Total shareholders’ equity 500,539 520,950
Total liabilities and shareholders’ equity $ 1,516,955 $ 1,438,660