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Inventories (Tables)
9 Months Ended
May 31, 2024
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories consisted of the following as of May 31, 2024, May 31, 2023, and August 31, 2023:

 

($ in thousands)

 

May 31,
2024

 

 

May 31,
2023

 

 

August 31,
2023

 

Raw materials and supplies

 

$

83,750

 

 

$

82,323

 

 

$

83,908

 

Work in process

 

 

13,235

 

 

 

12,720

 

 

 

7,820

 

Finished goods and purchased parts, net

 

 

96,295

 

 

 

95,847

 

 

 

86,793

 

Total inventory value before LIFO adjustment

 

 

193,280

 

 

 

190,890

 

 

 

178,521

 

Less adjustment to LIFO value

 

 

(21,758

)

 

 

(24,131

)

 

 

(22,589

)

Inventories, net

 

$

171,522

 

 

$

166,759

 

 

$

155,932