Goodwill and Other Intangible Assets (Tables)

9 Months Ended

May 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Asset Impairment Charges [Table Text Block]

A summary of the second quarter fiscal 2016 impairment charge by reporting unit is as follows (in thousands):

	Cortland		Viking		maximatecc		Total
Goodwill	$	34,502	$	39,099	$	44,521	$	118,122
Indefinite lived intangible assets	2,211		13,289		1,153		16,653
Amortizable intangible assets	—		27,952		—		27,952
Fixed assets	—		23,784				23,784
	$	36,713	$	104,124	$	45,674	$	186,511

Schedule of Goodwill

The changes in the carrying value of goodwill for the nine months ended May 31, 2016 are as follows (in thousands):

	Industrial			Energy			Engineered Solutions			Total
Balance as of August 31, 2015	$	92,107		$	236,450		$	279,699		$	608,256
Business acquisitions	9,718			35,403			—			45,121
Impairment charge	—			(73,919		)	(44,543		)	(118,462		)
Impact of changes in foreign currency rates	(97		)	(4,493		)	(904		)	(5,494		)
Balance as of May 31, 2016	$	101,728		$	193,441		$	234,252		$	529,421

Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table

The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands):

		May 31, 2016						August 31, 2015
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer relationships	14	$	307,400	$	170,027	$	137,373	$	302,518	$	132,007	$	170,511
Patents	10	30,700		21,830		8,870		30,899		19,928		10,971
Trademarks and tradenames	18	21,233		7,658		13,575		21,604		7,055		14,549
Other intangibles	3	6,755		5,880		875		6,790		6,496		294
Indefinite lived intangible assets:
Tradenames	N/A	95,228		—		95,228		112,437		—		112,437
		$	461,316	$	205,395	$	255,921	$	474,248	$	165,486	$	308,762