Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Feb. 28, 2013

Supplemental Guarantor Condensed Consolidating Financial Statements [Abstract]



	February 28, 2013
	Parent			Subsidiary Issuer		Subsidiary Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	200.8		$	—	$	—		$	62.0		$	—		$	262.8
Accounts receivable, net	—			246.3		—			36.0			—			282.3
Inventories	—			183.1		—			10.6			—			193.7
Other current assets	9.6			28.2		—			7.1			—			44.9
Total Current Assets	210.4			457.6		—			115.7			—			783.7
Property, Plant, and Equipment, net	0.3			114.4		—			30.2			—			144.9
Goodwill	—			516.1		2.7			35.9			—			554.7
Intangible assets	—			103.6		120.6			3.8			—			228.0
Other long-term assets	2.6			20.6		—			7.9			—			31.1
Investments in subsidiaries	769.1			106.7		—			—			(875.8		)	—
Total Assets	$	982.4		$	1,319.0	$	123.3		$	193.5		$	(875.8	)	$	1,742.4

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	0.4		$	201.6	$	—		$	11.7		$	—		$	213.7
Intercompany payable (receivable)	47.7			6.0		(107.5		)	53.8			—			—
Other accrued liabilities	6.6			75.8		—			16.4			—			98.8
Total Current Liabilities	54.7			283.4		(107.5		)	81.9			—			312.5
Long-Term Debt	—			353.5		—			—			—			353.5
Deferred Income Taxes	(33.3		)	68.2		—			(2.8		)	—			32.1
Other Long-Term Liabilities	70.3			59.8		—			23.5			—			153.6
Total Stockholders’ Equity	890.7			554.1		230.8			90.9			(875.8		)	890.7
Total Liabilities and Stockholders’ Equity	$	982.4		$	1,319.0	$	123.3		$	193.5		$	(875.8	)	$	1,742.4

CONDENSED CONSOLIDATING BALANCE SHEETS



	August 31, 2012
	Parent			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantors			Eliminations			Consolidated
ASSETS
Current Assets:
Cash and cash equivalents	$	246.6		$	—		$	—		$	37.9		$	—		$	284.5
Accounts receivable, net	—			228.2			—			35.6			—			263.8
Inventories	—			183.8			—			10.3			—			194.1
Other current assets	4.5			26.2			—			5.9			—			36.6
Total Current Assets	251.1			438.2			—			89.7			—			779.0
Property, Plant, and Equipment, net	—			109.6			—			29.6			—			139.2
Goodwill	—			516.1			2.7			36.1			—			554.9
Intangible assets	—			104.5			122.0			4.3			—			230.8
Other long-term assets	3.6			20.8			—			8.6			—			33.0
Investments in subsidiaries	705.1			87.3			—			—			(792.4		)	—
Total Assets	$	959.8		$	1,276.5		$	124.7		$	168.3		$	(792.4	)	$	1,736.9

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	0.8		$	218.0		$	—		$	13.9		$	—		$	232.7
Intercompany payable (receivable)	83.4			(28.3		)	(98.1		)	43.0			—			—
Other accrued liabilities	12.6			103.2			—			16.3			—			132.1
Total Current Liabilities	96.8			292.9			(98.1		)	73.2			—			364.8
Long-Term Debt	—			353.5			—			—			—			353.5
Deferred Income Taxes	(32.0		)	68.2			—			(2.8		)	—			33.4
Other Long-Term Liabilities	61.0			64.7			—			25.5			—			151.2
Total Stockholders’ Equity	834.0			497.2			222.8			72.4			(792.4		)	834.0
Total Liabilities and Stockholders’ Equity	$	959.8		$	1,276.5		$	124.7		$	168.3		$	(792.4	)	$	1,736.9

CONDENSED CONSOLIDATING STATEMENTS OF INCOME



	Three Months Ended February 28, 2013
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Sales:
External sales	$	—		$	429.0		$	—	$	57.7		$	—		$	486.7
Intercompany sales	—			—			7.5		19.9			(27.4		)	—
Total Sales	—			429.0			7.5		77.6			(27.4		)	486.7
Cost of Products Sold	—			256.6			—		60.3			(19.9		)	297.0
Gross Profit	—			172.4			7.5		17.3			(7.5		)	189.7
Selling, Distribution, and Administrative Expenses	6.5			129.2			0.7		15.4			(7.5		)	144.3
Intercompany charges	(0.8		)	0.5			—		0.3			—			—
Special Charge	—			0.3			—		—			—			0.3
Operating Profit	(5.7		)	42.4			6.8		1.6			—			45.1
Interest expense (income), net	2.3			5.6			—		(0.1		)	—			7.8
Equity earnings in subsidiaries	(29.9		)	(1.6		)	—		—			31.5			—
Miscellaneous (income) expense, net	—			0.6			—		(0.5		)	—			0.1
Income from Continuing Operations before Provision for Income Taxes	21.9			37.8			6.8		2.2			(31.5		)	37.2
Provision for Income Taxes	(2.8		)	11.9			2.7		0.7			—			12.5
Net Income	$	24.7		$	25.9		$	4.1	$	1.5		$	(31.5	)	$	24.7

CONDENSED CONSOLIDATING STATEMENTS OF INCOME



	Three Months Ended February 29, 2012
	Parent			Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Sales:
External sales	$	—		$	409.7	$	—	$	48.0		$	—		$	457.7
Intercompany sales	—			—		7.4		13.7			(21.1		)	—
Total Sales	—			409.7		7.4		61.7			(21.1		)	457.7
Cost of Products Sold	—			240.2		—		49.3			(13.7		)	275.8
Gross Profit	—			169.5		7.4		12.4			(7.4		)	181.9
Selling, Distribution, and Administrative Expenses	6.5			121.9		1.0		14.3			(7.4		)	136.3
Intercompany charges	(0.9		)	0.4		—		0.5			—			—
Special Charge	—			5.7		—		0.9			—			6.6
Operating Profit	(5.6		)	41.5		6.4		(3.3		)	—			39.0
Interest expense (income), net	2.3			5.5		—		(0.1		)	—			7.7
Equity earnings in subsidiaries	(24.6		)	2.8		—		—			21.8			—
Miscellaneous (income) expense, net	(0.1		)	0.4		—		0.8			—			1.1
Income from Continuing Operations before Provision for Income Taxes	16.8			32.8		6.4		(4.0		)	(21.8		)	30.2
Provision for Income Taxes	(2.7		)	11.5		2.6		(0.7		)	—			10.7
Net Income	$	19.5		$	21.3	$	3.8	$	(3.3	)	$	(21.8	)	$	19.5

CONDENSED CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME



	Three Months Ended February 28, 2013
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Income	$	24.7		$	25.9		$	4.1	$	1.5		$	(31.5	)	$	24.7

Other Comprehensive Income/(Expense) Items:
Foreign Currency Translation Adjustments	(0.6		)	(0.6		)	—		—			0.6			(0.6		)
Defined Benefit Pension Plans:
Prior service cost from plan amendment during period	—			—			—		—			—			—
Amortization of defined benefit pension items:
Prior service cost	0.1			—			—		—			—			0.1
Actuarial losses	1.6			1.1			—		0.4			(1.5		)	1.6
Total Defined Benefit Pension Plans, net	1.7			1.1			—		0.4			(1.5		)	1.7
Other Comprehensive Income/(Expense) Items before Provision for Income Taxes	1.1			0.5			—		0.4			(0.9		)	1.1
Income Tax (Expense)/Benefit related to Other Comprehensive Income/(Expense) Items	(0.6		)	(0.4		)	—		(0.1		)	0.5			(0.6		)
Other Comprehensive Income/(Expense) Items after Provision for Income Taxes	0.5			0.1			—		0.3			(0.4		)	0.5
Comprehensive Income	$	25.2		$	26.0		$	4.1	$	1.8		$	(31.9	)	$	25.2

CONDENSED CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME



	Three Months Ended February 29, 2012
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Income	$	19.5		$	21.3		$	3.8	$	(3.3	)	$	(21.8	)	$	19.5

Other Comprehensive Income/(Expense) Items:
Foreign Currency Translation Adjustments	3.9			3.9			—		—			(3.9		)	3.9
Defined Benefit Pension Plans:
Prior service cost from plan amendment during period	—			—			—		—			—			—
Amortization of defined benefit pension items:
Prior service cost	—			—			—		—			—			—
Actuarial losses	1.0			0.8			—		0.2			(1.0		)	1.0
Total Defined Benefit Pension Plans, net	1.0			0.8			—		0.2			(1.0		)	1.0
Other Comprehensive Income/(Expense) Items before Provision for Income Taxes	4.9			4.7			—		0.2			(4.9		)	4.9
Income Tax (Expense)/Benefit related to Other Comprehensive Income/(Expense) Items	(0.4		)	(0.3		)	—		(0.1		)	0.4			(0.4		)
Other Comprehensive Income/(Expense) Items after Provision for Income Taxes	4.5			4.4			—		0.1			(4.5		)	4.5
Comprehensive Income	$	24.0		$	25.7		$	3.8	$	(3.2	)	$	(26.3	)	$	24.0

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	Six Months Ended February 28, 2013
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Cash Provided by (Used for) Operating Activities	$	(49.3	)	$	35.8		$	—	$	13.2		$	—		$	(0.3	)
Cash Provided by (Used for) Investing Activities:
Purchases of property, plant, and equipment	(0.3		)	(20.0		)	—		(1.6		)	—			(21.9		)
Proceeds from sale of property, plant, and equipment	—			—			—		0.1			—			0.1
Investments in subsidiaries	—			(13.1		)	—		—			13.1			—
Acquisitions of business and intangible assets	—			(3.3		)	—		—			—			(3.3		)
Net Cash Used for Investing Activities	(0.3		)	(36.4		)	—		(1.5		)	13.1			(25.1		)
Cash Provided by (Used for) Financing Activities:
Proceeds from stock option exercises and other	9.1			—			—		—			—			9.1
Repurchases of common stock	—			—			—		—			—			—
Excess tax benefits from share-based payments	5.8			—			—		—			—			5.8
Intercompany dividends	—			—			—		—			—			—
Intercompany capital	—			—			—		13.1			(13.1		)	—
Dividends paid	(11.1		)	—			—		—			—			(11.1		)
Net Cash (Used for) Provided by Financing Activities	3.8			—			—		13.1			(13.1		)	3.8
Effect of Exchange Rate Changes on Cash	—			0.6			—		(0.7		)	—			(0.1		)
Net Change in Cash and Cash Equivalents	(45.8		)	—			—		24.1			—			(21.7		)
Cash and Cash Equivalents at Beginning of Period	246.6			—			—		37.9			—			284.5
Cash and Cash Equivalents at End of Period	$	200.8		$	—		$	—	$	62.0		$	—		$	262.8

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS



	Six Months Ended February 29, 2012
	Parent			Subsidiary Issuer			Subsidiary Guarantor		Non- Guarantors			Eliminations			Consolidated
Net Cash (Used for) Provided by Operating Activities	$	34.6		$	9.1		$	—	$	(4.1	)	$	(2.0	)	$	37.6
Cash Provided by (Used for) Investing Activities:
Purchases of property, plant, and equipment	—			(6.7		)	—		(2.7		)	—			(9.4		)
Investments in subsidiaries	(3.8		)	—			—		—			3.8			—
Acquisitions of business and intangible assets	—			(3.8		)	—		—			—			(3.8		)
Net Cash Used for Investing Activities	(3.8		)	(10.5		)	—		(2.7		)	3.8			(13.2		)
Cash Provided by (Used for) Financing Activities:
Proceeds from stock option exercises and other	6.4			—			—		—			—			6.4
Repurchases of common stock	(9.2		)	—			—		—			—			(9.2		)
Excess tax benefits from share-based payments	4.1			—			—		—			—			4.1
Intercompany dividends	—			—			—		(2.0		)	2.0			—
Intercompany capital	—			3.8			—		—			(3.8		)	—
Dividends paid	(11.0		)	—			—		—			—			(11.0		)
Net Cash (Used for) Provided by Financing Activities	(9.7		)	3.8			—		(2.0		)	(1.8		)	(9.7		)
Effect of Exchange Rate Changes on Cash	—			(2.5		)	—		(1.8		)	—			(4.3		)
Net Change in Cash and Cash Equivalents	21.1			(0.1		)	—		(10.6		)	—			10.4
Cash and Cash Equivalents at Beginning of Period	127.2			0.1			—		42.9			—			170.2
Cash and Cash Equivalents at End of Period	$	148.3		$	—		$	—	$	32.3		$	—		$	180.6