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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2017
Net sales $ 654,758 $ 641,303 $ 616,591
Cost of products sold 362,106 358,019 356,221
Gross profit 292,652 283,284 260,370
Selling, administrative and engineering expenses 209,231 210,256 208,128
Amortization of intangible assets 8,922 9,280 9,097
Director & officer transition charges 0 0 7,784
Restructuring charges 4,156 10,555 3,234
Impairment & divestiture charges 22,827 2,987 116,979
Operating profit (loss) 47,516 50,206 (84,852)
Financing costs, net 28,163 30,872 29,221
Other expense, net 629 138 3,816
Earnings (loss) before income tax expense (benefit) 18,724 19,196 (117,889)
Income Tax Expense (Benefit) 10,657 14,450 (22,614)
Net Earnings (Loss) from Continuing Operations 8,067 4,746 (95,275)
Net (Loss) Earnings from Discontinued Operations (257,212) (26,394) 29,062
Net loss $ (249,145) $ (21,648) $ (66,213)
Earnings per share:      
Earnings (loss) per basic share from continuing operations $ 0.13 $ 0.08 $ (1.60)
Earnings (loss) per diluted share from continuing operations 0.13 0.08 (1.60)
(Loss) earnings per basic share from Discontinued Operations (4.21) (0.44) 0.49
(Loss) earnings per diluted share from Discontinued Operations (4.18) (0.43) 0.49
Loss per share - Basic (in dollars per share) (4.07) (0.36) (1.11)
Loss per share - Diluted (in dollars per share) $ (4.04) $ (0.35) $ (1.11)
Weighted average common shares outstanding:      
Basic (in shares) 61,151 60,441 59,436
Diluted (in shares) 61,607 61,028 59,436
Product [Member]      
Net sales $ 478,946 $ 489,623 $ 460,390
Cost of products sold 247,771 264,878 261,888
Service [Member]      
Net sales 175,812 151,680 156,201
Cost of products sold $ 114,335 $ 93,141 $ 94,333