Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May. 31, 2015
Aug. 31, 2014
Current assets    
Cash and cash equivalents $ 108,125 $ 109,012
Accounts receivable, net 219,408 227,008
Inventories, net 155,196 162,620
Deferred income taxes 10,548 11,050
Other current assets 64,672 33,300
Total current assets 557,949 542,990
Property, plant and equipment    
Land, buildings and improvements 48,729 52,989
Machinery and equipment 269,656 281,763
Gross property, plant and equipment 318,385 334,752
Less: Accumulated depreciation (169,940) (165,651)
Property, plant and equipment, net 148,445 169,101
Goodwill 612,232 742,770
Other intangibles, net 316,909 365,177
Other long-term assets 25,483 36,841
Total assets 1,661,018 1,856,879
Current liabilities    
Trade accounts payable 129,689 145,798
Accrued compensation and benefits 42,433 52,964
Current maturities of debt 0 4,500
Income taxes payable 3,430 38,347
Other current liabilities 57,281 57,512
Total current liabilities 232,833 299,121
Long-term debt, less current maturities 600,000 385,500
Deferred income taxes 87,067 96,970
Pension and postretirement benefit liabilities 12,971 15,699
Other long-term liabilities 54,842 57,878
Total liabilities 987,713 855,168
Shareholders’ equity    
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 78,900,471 and 78,480,780 shares, respectively 15,780 15,695
Additional paid-in capital 102,143 93,449
Treasury stock, at cost, 19,405,317 and 12,195,359 shares, respectively (593,254) (388,627)
Retained earnings 1,347,454 1,349,602
Accumulated other comprehensive loss (198,818) (68,408)
Stock held in trust (3,497) (4,083)
Deferred compensation liability 3,497 4,083
Total shareholders’ equity 673,305 1,001,711
Total liabilities and shareholders’ equity $ 1,661,018 $ 1,856,879