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Goodwill (Tables)
 9 Months Ended
May 31, 2013
Changes in Carrying Value of Goodwill

Changes in the carrying value of goodwill are as follows:

 

(In thousands)    Manufacturing      Wheels,
Repair &
Parts		     Leasing &
Services		      Total  

Balance August 31, 2012

    $ —         $ 137,066      $ —         $ 137,066   

Reductions (1)

      —           (2,750 )      —           (2,750 ) 

Goodwill impairment (2)

      —           (76,900 )      —           (76,900 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  

Balance May 31, 2013

    $ —         $ 57,416      $ —         $ 57,416   
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(1)

Reduction in goodwill relates to the sale of the Company’s roller bearing operations in Elizabethtown, Kentucky.
(2) 

Goodwill impairment relates to the non-cash goodwill impairment charge recognized as part of the Company’s annual goodwill impairment analysis as further discussed below.