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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
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May 31, 2013
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May 31, 2012
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May 31, 2013
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May 31, 2012
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Aug. 31, 2012
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| Income Statement [Abstract] | |||||
| Net sales | $ 344,205 | $ 343,268 | $ 952,482 | $ 954,153 | |
| Cost of products sold | 207,301 | 204,514 | 575,032 | 572,301 | |
| Gross profit | 136,904 | 138,754 | 377,450 | 381,852 | |
| Selling, administrative and engineering expenses | 74,323 | 74,341 | 222,521 | 210,806 | |
| Amortization of intangible assets | 5,539 | 5,563 | 17,542 | 16,237 | |
| Operating profit | 57,042 | 58,850 | 137,387 | 154,809 | |
| Financing costs, net | 6,229 | 7,236 | 18,811 | 23,280 | |
| Interest and Debt Expense | 0 | 16,830 | 0 | 16,830 | 16,800 |
| Other expense, net | 911 | 2,591 | 1,518 | 3,297 | |
| Earnings from continuing operations before income tax expense | 49,902 | 32,193 | 117,058 | 111,402 | |
| Income tax expense | 3,825 | 4,456 | 14,596 | 22,042 | |
| Income (Loss) from Continuing Operations Attributable to Parent | 46,077 | 27,737 | 102,462 | 89,360 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | (139,060) | 6,664 | (130,667) | 14,390 | |
| Net earnings (loss) | $ (92,983) | $ 34,401 | $ (28,205) | $ 103,750 | |
| Income (Loss) from Continuing Operations, Per Basic Share | $ 0.63 | $ 0.39 | $ 1.40 | $ 1.29 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $ 0.62 | $ 0.36 | $ 1.38 | $ 1.19 | |
| Earnings (loss) per share: | |||||
| Basic (in dollars per share) | $ (1.27) | $ 0.48 | $ (0.39) | $ 1.50 | |
| Diluted (in dollars per share) | $ (1.24) | $ 0.45 | $ (0.38) | $ 1.39 | |
| Weighted average common shares outstanding: | |||||
| Basic (in shares) | 73,133 | 71,083 | 72,957 | 69,184 | |
| Diluted (in shares) | 74,787 | 75,371 | 74,491 | 75,201 | |
| X | ||||||||||
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- Definition
Selling, administrative and engineering expenses No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total costs related to goods produced and sold during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents interest incurred for borrowed money which was used to produce goods or render services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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