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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
May. 31, 2015
May. 31, 2014
May. 31, 2015
May. 31, 2014
Income Statement [Abstract]        
Net sales $ 320,100 $ 378,187 $ 948,870 $ 1,045,513
Cost of products sold 201,540 229,637 593,573 640,737
Gross profit 118,560 148,550 355,297 404,776
Selling, administrative and engineering expenses 69,569 83,498 227,809 244,655
Amortization of intangible assets 5,989 6,272 18,362 18,713
Impairment charge 0 0 84,353 0
Operating profit 43,002 58,780 24,773 141,408
Financing costs, net 7,462 5,932 20,683 18,944
Other (income) expense, net 569 620 (489) 3,087
Earnings from continuing operations before income taxes 34,971 52,228 4,579 119,377
Income tax expense (benefit) (2,987) 1,671 6,785 13,511
Earnings (loss) from continuing operations 37,958 50,557 (2,206) 105,866
Earnings from discontinued operations, net of income taxes 0 0 0 22,120
Net earnings (loss) $ 37,958 $ 50,557 $ (2,206) $ 127,986
Earnings (loss) from continuing operations per share:        
Basic $ 0.64 $ 0.72 $ (0.04) $ 1.47
Diluted 0.63 0.70 (0.04) 1.44
Earnings (loss) per share:        
Basic 0.64 0.72 (0.04) 1.78
Diluted $ 0.63 $ 0.70 $ (0.04) $ 1.74
Weighted average common shares outstanding:        
Basic 59,617 70,432 61,911 71,915
Diluted 60,243 71,770 61,911 73,518