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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2018
Aug. 31, 2017
Aug. 31, 2016
Net sales $ 1,182,611 $ 1,095,784 $ 1,149,410
Cost of products sold 767,351 716,067 746,013
Gross profit 415,260 379,717 403,397
Selling, administrative and engineering expenses 291,444 277,488 274,497
Amortization of intangible assets 20,565 20,474 22,943
Loss on product line divestiture 0 0 5,092
Director & officer transition charges 0 7,784 0
Restructuring charges 11,995 7,228 14,571
Impairment and divestiture charges 73,058 116,979  
Impairment charge     186,511
Operating profit (loss) 18,198 (50,236) (100,217)
Financing costs, net 31,491 29,703 28,768
Other expense, net (621) 2,752 1,359
Earnings (loss) before income tax expense (12,672) (82,691) (130,344)
Income tax expense 8,976 (16,478) (25,170)
Net (loss) earnings $ (21,648) $ (66,213) $ (105,174)
Earnings per share:      
Basic (in dollars per share) $ (0.36) $ (1.11) $ (1.78)
Diluted (in dollars per share) $ (0.36) $ (1.11) $ (1.78)
Weighted average common shares outstanding:      
Basic (in shares) 60,441 59,436 59,010
Diluted (in shares) 60,441 59,436 59,010