Discontinued Operations

9 Months Ended

May 31, 2016

Discontinued Operations [Abstract]

Discontinued Operations

Discontinued Operations

In the third quarter of fiscal 2015, the Company ceased operations at seven auto parts stores, six of which qualified for discontinued operations reporting in accordance with the accounting standards in effect at the time prior to adopting the accounting standard update on discontinued operations reporting in the first quarter of fiscal 2016. The operations of the six qualifying stores had previously been reported within the APB reportable segment, which was subsequently replaced by the AMR reportable segment in the fourth quarter of fiscal 2015. In the second quarter of fiscal 2016 and 2015, the Company recorded impairment charges of $1 million and $3 million, respectively, on the long-lived assets of discontinued auto parts stores. Impaired assets in the second quarter of fiscal 2016 consisted primarily of capital lease assets associated with the buildings on two leased properties.

Operating results of discontinued operations were comprised of the following (in thousands):

	Three Months Ended May 31,						Nine Months Ended May 31,
	2016			2015			2016			2015
Revenues	$	—		$	1,440		$	—		$	8,210
Loss from discontinued operations before income taxes	$	(130	)	$	(1,812	)	$	(1,225	)	$	(7,070	)
Income tax benefit	14			578			19			756
Loss from discontinued operations, net of tax	$	(116	)	$	(1,234	)	$	(1,206	)	$	(6,314	)