Fair Value Measurements (Tables)

6 Months Ended

Feb. 28, 2014

Fair value liabilities measured on recurring basis

Liabilities measured at fair value on a recurring basis, all of which are included in other liabilities on our Condensed Consolidated Balance Sheets, consist of the following as of February 28, 2014 and August 31, 2013:



			Fair Value Measurements at Reporting Date Using
	Fair Value as of Respective Reporting Date		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
($ in thousands)	Fair Value as of Respective Reporting Date				Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Contingent consideration as of February 28, 2014	$	36,023	$	—	$	—	$	36,023
Contingent consideration as of August 31, 2013	$	5,277	$	—	$	—	$	5,277

Fair value liabilities measured on recurring basis, unobservable input reconciliation

The following summarizes the changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the respective periods:



	Six Months Ended February 28,
($ in thousands)	2014		2013
Beginning balance	$	5,277	$	—
Initial contingent consideration at fair value	21,371		6,000
Change in fair value included in net income	8,754		(145		)
Currency translation adjustment	621		—
Ending balance	$	36,023	$	5,855

Fair value liabilities measured on nonrecurring basis

Liabilities measured at fair value on a nonrecurring basis during the six months ended February 28, 2014, all of which are included in other liabilities on our Condensed Consolidated Balance Sheets, consist of the following:



			Fair Value Measurements at Measurement Dates Using
($ in thousands)	Fair Value at Measurement Dates		Quoted Prices in Active Markets for Identical Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Losses for Six Months Ended February 28, 2014
Initial lease obligations	$	16,972	$	—	$	—	$	16,972	$	16,972

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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