CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
May 31, 2016
Aug. 31, 2015
Current Assets:    
Cash & cash equivalents $ 62,347 $ 43,819
Accounts receivable, less allowance for doubtful accounts of $926 and $705 38,426 39,488
Inventories 26,605 29,476
Prepaid expenses and other current assets 2,812 2,174
Due from sale of business 457  
Assets held for sale 604 1,089
Deferred income taxes 2,255 2,255
Total current assets 133,506 118,301
Property, plant and equipment, net 37,028 40,921
Other Assets:    
Goodwill 43,899 44,123
Intangible assets, less accumulated amortization of $34,154 and $28,882 38,891 44,852
Cash surrender value of life insurance 7,135 7,133
Restricted investments 1,547 1,410
Funded pension plan 745 634
Deferred income taxes 385 390
Other assets 96 133
Total assets 263,232 257,897
Current Liabilities:    
Current portion of long-term debt 8,400 8,400
Accounts payable 14,615 15,599
Accrued payroll and other compensation 4,493 6,286
Accrued expenses 3,900 4,448
Accrued income taxes 2,005 2,783
Total current liabilities 33,413 37,516
Long-term debt, less current portion 37,100 43,400
Deferred compensation 2,304 2,230
Accumulated pension obligation 13,150 12,901
Other liabilities 373 85
Accrued income taxes 1,368 1,249
Deferred income taxes 6,188 6,174
Commitments and Contingencies (Note 10)
Equity:    
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $0.10 par value: Authorized 20,000,000 shares; 9,267,633 shares at May 31, 2016 and 9,191,958 shares at August 31, 2015 issued and outstanding 927 919
Additional paid-in capital 14,989 14,296
Accumulated other comprehensive loss (9,646) (7,986)
Retained earnings 163,066 147,113
Total equity 169,336 154,342
Total liabilities and equity $ 263,232 $ 257,897