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

12 Months Ended

Aug. 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)	August 31, 2015
Assets:
Accounts receivable	$	3,244
Inventories, net	12,514
Other current assets	41
Property, plant and equipment, net of accumulated depreciation and amortization	1,209
Assets of businesses held for sale	$	17,008
Liabilities:
Accounts payable-trade	$	3,011
Accrued expenses and other payables	2,265
Liabilities of businesses held for sale	$	5,276

Financial information for discontinued operations

Financial information for discontinued operations was as follows:



	Year Ended August 31,
(in thousands)	2015			2014		2013
Net sales	$	173,065		$	266,819	$	446,285
Earnings (loss) before income taxes	(20,124		)	15,005		(26,094		)

- 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