Quarterly report pursuant to Section 13 or 15(d)

Divestiture Activities Assets and Liabilities Held for Sale (Tables)

v3.10.0.1
Divestiture Activities Assets and Liabilities Held for Sale (Tables)
 3 Months Ended
Nov. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Held for Sale [Table Text Block]
The following is a summary of the assets and liabilities held for sale (in thousands):
 
 
November 30, 2018 (1)
 
August 31, 2018 (2)
Accounts receivable, net
 
$
15,957

 
$
2,924

Inventories, net
 
22,645

 
2,597

Prepaid expenses and other current assets
 
3,654

 
3,267

Property, plant & equipment, net
 
13,546

 
2,186

Goodwill and other intangible assets, net
 
46,246

 
12,464

Other long-term assets
 
4,145

 
135

Assets held for sale
 
$
106,193

 
$
23,573

 
 
 
 
 
Trade accounts payable
 
$
11,669

 
$
3,915

Accrued compensation and benefits
 
1,915

 
1,414

Reserve for cumulative translation adjustment
 
48,267

 
35,346

Other current liabilities
 
3,077

 
1,269

Deferred income taxes
 
5,010

 
2,281

Other long-term liabilities
 
92

 
—

Liabilities held for sale
 
$
70,030

 
$
44,225

(1) Represents the consolidated assets and liabilities for the Precision Hayes, Cortland U.S. and Cortland Fibron businesses held for sale at
November 30, 2018.
(2) Represents the Cortland Fibron business held for sale at August 31, 2018.