BUSINESSES HELD FOR SALE, DISCONTINUED OPERATIONS AND DISPOSITIONS (Tables)

3 Months Ended

Nov. 30, 2014

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 on the Company's consolidated balance sheet were as follows:



(in thousands)	November 30, 2014
Assets:
Accounts receivable	$	15,695
Inventories, net	69,047
Other current assets	735
Property, plant and equipment, net of accumulated depreciation and amortization	7,139
Other noncurrent assets	1,839
Assets of businesses held for sale	$	94,455
Liabilities:
Accounts payable-trade	$	22,086
Accounts payable-documentary letters of credit	13,447
Accrued expenses and other payables	7,363
Liabilities of businesses held for sale	$	42,896

Financial information for discontinued operations

Financial information for discontinued operations was as follows:



	Three Months Ended November 30,
(in thousands)	2014			2013
Net sales	$	59,011		$	83,114
Earnings (loss) from discontinued operations before income taxes	(2,102		)	21,106

- 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.

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