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

3 Months Ended

Nov. 30, 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 condensed consolidated balance sheet were as follows:



(in thousands)	November 30, 2015		August 31, 2015
Assets:
Accounts receivable	$	3,737	$	3,244
Inventories, net	9,928		12,514
Other current assets	—		41
Property, plant and equipment, net of accumulated depreciation and amortization	1,227		1,209
Assets of businesses held for sale	$	14,892	$	17,008
Liabilities:
Accounts payable-trade	$	1,909	$	3,011
Accrued expenses and other payables	2,470		2,265
Liabilities of businesses held for sale	$	4,379	$	5,276

Financial information for discontinued operations

Financial information for discontinued operations was as follows:



	Three Months Ended November 30,
(in thousands)	2015			2014
Net sales	$	11,554		$	59,011
Loss from discontinued operations before income tax benefit	(572		)	(2,102		)

- 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