Inventories

6 Months Ended

Feb. 28, 2021

Inventory Disclosure [Abstract]

Inventories

Note 5 – Inventories

Inventories consisted of the following as of February 28, 2021, February 29, 2020, and August 31, 2020:

($ in thousands)	February 28, 2021			February 29, 2020			August 31, 2020
Raw materials and supplies	$	62,404		$	50,240		$	51,205
Work in process		8,993			6,746			6,464
Finished goods and purchased parts, net		58,682			53,496			51,684
Total inventory value before LIFO adjustment		130,079			110,482			109,353
Less adjustment to LIFO value		(8,513	)		(5,028	)		(4,561	)
Inventories, net	$	121,566		$	105,454		$	104,792