Businesses Held For Sale, Discontinued Operations And Dispositions (Tables)

3 Months Ended

Nov. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Components of assets and liabilities of businesses held for sale

The components of assets and liabilities of businesses held for sale are as follows.



(in thousands)	November 30, 2013		August 31, 2013
Assets:
Accounts receivable	$	—	$	20,313
Inventories, net	—		8,713
Other current assets	—		3,683
Property, plant and equipment, net of accumulated depreciation and amortization	1,085		10,459
Assets of businesses held for sale	$	1,085	$	43,168
Liabilities:
Accounts payable-trade	$	—	$	7,615
Accrued expenses and other payables	—		3,251
Liabilities of businesses held for sale	$	—	$	10,866

Financial information for discontinued operations

Financial information for discontinued operations was as follows:



	Three Months Ended November 30,
(in thousands)	2013		2012
Net Sales	$	17,298	$	39,711
Earnings from discontinued operations before income taxes	22,845		1,250

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details