Fair Value Measurements (Tables)

12 Months Ended

Aug. 31, 2013

Fair Value Measurements

Schedule of carrying amounts and estimated fair values of financial instruments

The following table presents the carrying amounts and estimated fair values of the Company's financial instruments as of August 31, 2013 and 2012 (in thousands):

	August 31, 2013				August 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Cash and cash equivalents	$	36,272	$	36,272	$	47,228	$	47,228
Short-term investments		—		—		8,831		8,831
Receivables (including related parties)		2,272		2,272		4,916		4,916
Other assets (non-derivatives)		968		968		1,011		1,011
Financial liabilities:
Notes payable to banks		—		—		1,585		1,585
Payables (including related parties)		9,842		9,842		10,156		10,156
Long-term debt (including current installments)	$	8,463	$	8,425	$	5,920	$	5,920

Schedule of assets that were measured at fair value on a nonrecurring basis

The following table presents assets that were measured at fair value on a nonrecurring basis as of August 31, 2013 (in thousands):

	Fair value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total losses
Long-lived assets	$	35,045	$	—	$	—	$	35,045	$	10,072
Customer relationships		—		—		—		—		851
Total long-lived assets		35,045		—		—		35,045		10,923
Goodwill—Ning Xiang		—		—		—		—		1,077
Investment in non-marketable equity security—HPO		938		—		938		—		1,885
Total	$	35,983	$	—	$	938	$	35,045	$	13,885

        The following table presents assets that were measured at fair value on a nonrecurring basis as of August 31, 2012 (in thousands):

	Fair value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Total losses
Property, plant and equipment	$	46,450	$	—	$	—	$	46,450	$	7,507