Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Nov. 30, 2018
Aug. 31, 2018
Current assets    
Cash and cash equivalents $ 203,443 $ 250,490
Accounts receivable, net 191,190 187,749
Inventories, net 154,764 156,356
Other current assets 51,745 42,732
Assets Held-for-Sale 106,193 23,573
Total current assets 707,335 660,900
Property, plant and equipment    
Land, buildings and improvements 41,177 47,468
Machinery and equipment 209,278 229,445
Gross property, plant and equipment 250,455 276,913
Less: Accumulated depreciation (171,295) (186,693)
Property, plant and equipment, net 79,160 90,220
Goodwill 477,360 512,412
Other intangibles, net 152,719 181,037
Other long-term assets 33,459 36,769
Total assets 1,450,033 1,481,338
Current liabilities    
Trade accounts payable 124,067 130,838
Accrued compensation and benefits 36,343 54,508
Current maturities of debt and short-term borrowings 30,000 30,000
Income taxes payable 8,215 4,091
Liabilities held for sale 70,030 44,225
Other current liabilities 63,714 67,299
Total current liabilities 332,369 330,961
Long-term debt 495,384 502,695
Deferred income taxes 16,931 21,933
Pension and postretirement benefit liabilities 14,671 14,869
Other long-term liabilities 53,113 52,168
Total liabilities 912,468 922,626
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 81,502,916 and 81,423,584 shares, respectively 16,301 16,285
Additional paid-in capital 171,606 167,448
Treasury stock, at cost, 20,439,434 shares (617,731) (617,731)
Retained earnings 1,149,578 1,166,955
Accumulated other comprehensive loss (182,189) (174,245)
Stock held in trust (2,573) (2,450)
Deferred compensation liability 2,573 2,450
Total shareholders’ equity 537,565 558,712
Total liabilities and shareholders’ equity $ 1,450,033 $ 1,481,338