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

9 Months Ended

May. 31, 2015

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)	May 31, 2015
Assets:
Accounts receivable	$	15,075
Inventories, net	46,199
Other current assets	442
Property, plant and equipment, net of accumulated depreciation and amortization	6,313
Other noncurrent assets	1,653
Assets of businesses held for sale	$	69,682
Liabilities:
Accounts payable-trade	$	15,918
Accounts payable-documentary letters of credit	6,622
Accrued expenses and other payables	6,323
Liabilities of businesses held for sale	$	28,863

Financial information for discontinued operations

Financial information for discontinued operations was as follows:



	Three Months Ended May 31,						Nine Months Ended May 31,
(in thousands)	2015			2014			2015			2014
Net sales	$	43,307		$	66,068		$	143,644		$	200,932
Earnings (loss) from discontinued operations before income taxes	(10,871		)	(1,042		)	(20,241		)	17,969

- 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