CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2017	Aug. 31, 2017
Current Assets:
Cash and cash equivalents	$ 54,262	$ 47,354
Accounts receivable, less allowance for doubtful accounts of $333 and $456	34,976	38,051
Inventory	27,331	25,618
Prepaid expenses and other current assets	3,847	3,098
Due from sale of business	400
Assets held for sale	14	14
Prepaid income taxes	641
Total current assets	121,471	114,135
Property, plant and equipment, less accumulated depreciation of $45,614 and $44,277	34,430	34,760
Other Assets:
Goodwill	50,911	50,784
Intangible assets, less accumulated amortization of $44,817 and $42,206	44,607	46,846
Cash surrender value of life insurance, less current portion	4,530	4,530
Restricted investments	1,057	964
Funded pension plan	549	566
Deferred income taxes	1,570	1,614
Other assets	129	539
Total assets	259,254	254,738
Current Liabilities:
Accounts payable	13,114	14,455
Accrued payroll and other compensation	4,404	6,500
Accrued expenses	3,826	4,052
Dividend payable	7,498
Accrued income taxes		2,333
Total current liabilities	28,842	27,340
Deferred compensation	1,071	979
Accumulated pension obligation	12,368	12,666
Other liabilities	1,612	1,567
Accrued income taxes	1,257	1,257
Commitments and Contingencies (Note 10)
Equity:
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $.10 par value: Authorized 20,000,000 shares; 9,374,840 shares at November 30, 2017 and 9,354,136 shares at August 31, 2017 issued and outstanding	937	935
Additional paid-in capital	14,734	14,060
Accumulated other comprehensive loss	(11,788)	(13,469)
Retained earnings	210,221	209,403
Total equity	214,104	210,929
Total liabilities and equity	$ 259,254	$ 254,738

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.