BALANCE SHEET INFORMATION

12 Months Ended

Aug. 31, 2012

BALANCE SHEET INFORMATION

NOTE 2—BALANCE SHEET INFORMATION

	2012			2011
	(In thousands)
Accounts receivable
Allowances for doubtful accounts	$	5,847		$	4,435
Inventories
FIFO:
Finished products	$	87,134		$	74,994
Work in process		54,604			53,941
Raw materials		38,464			37,993
		180,202			166,928
LIFO reserve, U.S. inventories		(17,489	)		(15,465	)
	$	162,713		$	151,463
Inventories at FIFO	$	128,293		$	121,625
Property, plant and equipment
Land	$	10,670		$	11,593
Buildings		87,237			83,075
Machinery and equipment		317,739			307,828
		415,646			402,496
Less accumulated depreciation		(245,910	)		(236,870	)
	$	169,736		$	165,626
Accrued expenses
Employee compensation and payroll taxes	$	23,232		$	24,708
Customer advances		25,797			23,684
Pension benefits		2,777			3,045
U.S. other postretirement benefits		1,468			1,595
Warranty costs		6,320			6,853
Accrued restructuring		—			1,074
Income taxes		9,250			4,923
Commissions		4,459			3,967
Other		24,996			20,310
	$	98,299		$	90,159
Other long-term liabilities
German pension liability	$	48,955		$	45,486
U.S. pension liability		13,104			25,361
U.S. other postretirement benefits		25,275			23,458
U.K. pension liability		5,631			2,833
Other		9,091			11,253
	$	102,056		$	108,391