Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.0.8
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
May 31, 2014
Aug. 31, 2013
Current assets    
Cash and cash equivalents $ 129,625 $ 103,986
Accounts receivable, net 259,289 219,075
Inventories, net 171,558 142,549
Deferred income taxes 14,855 18,796
Other current assets 30,003 28,228
Assets of discontinued operations 0 272,606
Total current assets 605,330 785,240
Property, plant and equipment    
Land, buildings and improvements 52,440 52,669
Machinery and equipment 285,702 305,200
Gross property, plant and equipment 338,142 357,869
Less: Accumulated depreciation (167,689) (156,373)
Property, plant and equipment, net 170,453 201,496
Goodwill 765,988 734,952
Other intangibles, net 376,249 376,692
Other long-term assets 29,685 20,952
Total assets 1,947,705 2,119,332
Current liabilities    
Trade accounts payable 168,997 154,049
Accrued compensation and benefits 50,589 43,800
Current maturities of long-term debt 3,375 0
Income taxes payable 9,403 14,014
Other current liabilities 62,187 56,899
Liabilities of discontinued operations 0 53,080
Total current liabilities 294,551 321,842
Long-term debt, less current maturities 386,625 515,000
Deferred income taxes 94,860 115,865
Pension and postretirement benefit liabilities 11,285 20,698
Other long-term liabilities 75,231 65,660
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 78,361,905 and 77,001,144 shares, respectively 15,671 15,399
Additional paid-in capital 87,964 49,758
Treasury stock, at cost, 9,179,987 and 3,983,513 shares, respectively (288,067) (104,915)
Retained earnings 1,316,673 1,188,685
Accumulated other comprehensive loss (47,088) (68,660)
Stock held in trust (4,111) (3,124)
Deferred compensation liability 4,111 3,124
Total shareholders’ equity 1,085,153 1,080,267
Total liabilities and shareholders’ equity $ 1,947,705 $ 2,119,332