Discontinued Operations (Tables) (Electrical)

3 Months Ended

Nov. 30, 2013

Electrical

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following is a summary of the assets and liabilities of discontinued operations (in thousands):

	November 30, 2013		August 31, 2013
Accounts receivable, net	$	36,781	$	41,247
Inventories, net	56,422		55,142
Property, plant & equipment, net	9,977		9,545
Goodwill	76,989		76,877
Other intangible assets, net	85,083		84,387
Other assets	4,854		5,408
Assets of discontinued operations	$	270,106	$	272,606
Trade accounts payable	$	19,192	$	19,824
Other current liabilities	13,770		12,984
Deferred income taxes	9,544		9,376
Other long-term liabilities	10,727		10,896
Liabilities of discontinued operations	$	53,233	$	53,080

The following table summarizes the results of discontinued operations (in thousands):

	Three months ended November 30,
	2013			2012
Net sales	$	63,012		$	69,439
Operating income	5,229			8,108
Income tax expense	(2,197		)	(2,316		)
Income from discontinued operations, net of taxes	$	3,032		$	5,792