NOTE 16 — RELATED PARTY TRANSACTIONS

One of the Company’s international subsidiaries had a marketing and distribution agreement with a key supplier of which the Company owns an 11% interest. This marketing and distribution agreement expired on December 31, 2010. The Company owned a 50% interest in two joint ventures related to this agreement. During the second quarter of 2011, the Company sold the interest in one joint venture for approximately $1.7 million resulting in a minimal gain. On June 1, 2011, the Company sold the interest in the remaining joint venture for approximately $6.6 million resulting in a minimal gain. The following presents related party transactions:

		Nine Months Ended
		May 31,
(in thousands)		2011				2010
Sales		$	133,860			$	202,475
Purchases			149,415				251,434

		May 31,				August 31,
(in thousands)		2011				2010
Accounts receivable		$	112			$	10,611
Accounts payable			104				22,603