Enerpac Tool (EPAC) 10-Q 7 Apr 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	6 Months Ended
	Feb. 28, 2017	Mar. 31, 2017	Aug. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Feb. 28, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	ATU
Entity Registrant Name	ACTUANT CORP
Entity Central Index Key	6,955
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		59,682,865
Common Class A
Document Information [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.2		$ 0.2
Common Stock, Shares Authorized	168,000,000		168,000,000
Common Stock, Shares, Issued	80,063,210		79,393,393

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Income Statement [Abstract]
Net sales	$ 258,869	$ 263,289	$ 524,662	$ 568,300
Cost of products sold	171,543	172,259	344,269	368,709
Gross profit	87,326	91,030	180,393	199,591
Selling, administrative and engineering expenses	66,957	67,172	135,561	140,083
Amortization of intangible assets	5,069	5,880	10,330	11,779
Director & officer transition charges	0	0	7,784	0
Restructuring Charges	2,101	3,582	5,048	7,962
Asset Impairment Charges	0	186,511	0	186,511
Operating profit (loss)	13,199	(172,115)	21,670	(146,744)
Financing costs, net	7,334	6,866	14,467	13,982
Other expense (income), net	591	235	(38)	855
Earnings (loss) before income taxes	5,274	(179,216)	7,241	(161,581)
Income tax expense (benefit)	200	(20,026)	(2,798)	(17,839)
Net earnings (loss)	$ 5,074	$ (159,190)	$ 10,039	$ (143,742)
Earnings (loss) per share:
Basic	$ 0.09	$ (2.70)	$ 0.17	$ (2.43)
Diluted	$ 0.08	$ (2.70)	$ 0.17	$ (2.43)
Weighted average common shares outstanding:
Basic	59,368	58,991	59,170	59,089
Diluted	60,146	58,991	59,881	59,089

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 5,074	$ (159,190)	$ 10,039	$ (143,742)
Other comprehensive income (loss)
Foreign currency translation adjustments	2,909	(14,322)	(23,749)	(35,496)
Pension and other postretirement benefit plans, net of tax	202	158	738	375
Cash flow hedges, net of tax	0	13	0	36
Total other comprehensive income (loss), net of tax	3,111	(14,151)	(23,011)	(35,085)
Comprehensive income (loss)	$ 8,185	$ (173,341)	$ (12,972)	$ (178,827)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Feb. 28, 2017	Aug. 31, 2016
Current assets
Cash and cash equivalents	$ 171,890	$ 179,604
Accounts receivable, net	201,914	186,829
Inventories, net	127,573	130,756
Other current assets	53,984	45,463
Total current assets	555,361	542,652
Property, plant and equipment
Land, buildings and improvements	41,147	41,504
Machinery and equipment	275,745	268,362
Gross property, plant and equipment	316,892	309,866
Less: Accumulated depreciation	(201,700)	(195,851)
Property, plant and equipment, net	115,192	114,015
Goodwill	509,078	519,276
Other intangibles, net	225,559	239,475
Other long-term assets	21,844	23,242
Total assets	1,427,034	1,438,660
Current liabilities
Trade accounts payable	124,949	115,051
Accrued compensation and benefits	42,363	46,901
Current maturities of debt and short-term borrowings	26,250	18,750
Income taxes payable	1,113	9,254
Other current liabilities	49,229	51,956
Total current liabilities	243,904	241,912
Long-term debt, less current maturities	547,058	561,681
Deferred income taxes	31,037	31,356
Pension and postretirement benefit liabilities	24,142	25,667
Other long-term liabilities	55,884	57,094
Total liabilities	902,025	917,710
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 80,063,210 and 79,393,393 shares, respectively	16,013	15,879
Additional paid-in capital	131,877	114,980
Treasury stock, at cost, 20,439,434 shares	(617,731)	(617,731)
Retained earnings	1,269,684	1,259,645
Accumulated other comprehensive loss	(274,834)	(251,823)
Stock held in trust	(2,354)	(2,646)
Deferred compensation liability	2,354	2,646
Total shareholders’ equity	525,009	520,950
Total liabilities and shareholders’ equity	$ 1,427,034	$ 1,438,660

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	6 Months Ended
	Feb. 28, 2017	Aug. 31, 2016
Document Period End Date	Feb. 28, 2017
Treasury Stock, Shares	20,439,434	20,439,434
Common Class A
Common Stock, Par or Stated Value Per Share	$ 0.2	$ 0.2
Common Stock, Shares Authorized	168,000,000	168,000,000
Common Stock, Shares, Issued	80,063,210	79,393,393

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Document Period End Date	Feb. 28, 2017
Operating Activities
Net earnings (loss)	$ 10,039	$ (143,742)
Adjustments to reconcile net earnings (loss) to cash provided by operating activities:
Depreciation and amortization	21,625	24,858
Stock-based compensation expense	12,177	5,778
Benefit for deferred income taxes	551	420
Asset Impairment Charges, Net of Tax	0	169,056
Amortization of debt issuance costs	826	826
Other non-cash adjustments	715	(619)
Changes in components of working capital and other:
Accounts receivable	(20,897)	8,437
Inventories	(394)	(5,399)
Trade accounts payable	12,276	(4,926)
Prepaid expenses and other assets	(10,819)	(8,404)
Income taxes payable/receivable	(7,567)	(17,437)
Accrued compensation and benefits	(3,704)	(2,281)
Other accrued liabilities	(795)	2,296
Cash provided by operating activities	14,033	28,863
Investing Activities
Capital expenditures	(14,695)	(11,004)
Proceeds from sale of property, plant and equipment	244	4,636
Business acquisitions, net of cash acquired	0	(15,026)
Cash used in investing activities	(14,451)	(21,394)
Financing Activities
Net borrowings (repayment) on debt	(7,500)
Purchase of treasury shares	0	(9,352)
Taxes paid related to the net share settlement of equity awards	(920)	(1,332)
Stock option exercises, related tax benefits and other	6,598	2,245
Cash dividend	(2,358)	(2,376)
Cash used in financing activities	(4,180)	(11,025)
Effect of exchange rate changes on cash	(3,116)	(10,619)
Net decrease in cash and cash equivalents	(7,714)	(14,175)
Cash and cash equivalents – beginning of period	179,604	168,846
Cash and cash equivalents – end of period	171,890	154,671
Line of Credit | Senior Credit Facility - Revolver
Financing Activities
Net borrowings (repayment) on debt	0	(210)
Line of Credit | Senior Credit Facility - Term Loan
Financing Activities
Net borrowings (repayment) on debt	$ (7,500)	$ 0

Basis of Presentation

Basis of Presentation	6 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation General The accompanying unaudited condensed consolidated financial statements of Actuant Corporation (“Actuant,” or the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial reporting and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The condensed consolidated balance sheet data as of August 31, 2016 was derived from the Company’s audited financial statements, but does not include all disclosures required by United States generally accepted accounting principles. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes in the Company’s fiscal 2016 Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for a fair statement of financial results have been made. Such adjustments consist of only those of a normal recurring nature. Operating results for the three and six months ended February 28, 2017 are not necessarily indicative of the results that may be expected for the entire fiscal year ending August 31, 2017 . New Accounting Pronouncements In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which includes amendments that require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Under the new guidance, the recognition and measurement of debt issuance costs is not affected. This guidance was adopted on September 1, 2016. As a result of adoption, debt issuance costs of $3.9 million were reclassified from other long-term assets to long-term debt, net (contra liability) on the balance sheet as of August 31, 2016. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , further clarifying that ASU 2015-03 relates only to the presentation of debt issuance costs related to term loans and does not relate to lines-of-credit or revolvers. As such, the debt issuance costs related to the Company's revolver remain classified in other long-term assets. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminates the requirement to retrospectively account for changes to provisional amounts initially recorded in a business acquisition opening balance sheet. This guidance was adopted on September 1, 2016. The adoption did not have a material impact on the financial statements of the Company. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory , which amends the existing guidance to prohibit immediate recognition of the current and deferred income tax impacts of intra-entity asset transfers. The ASU eliminates this prohibition for all intra-entity asset transfers, except inventory. This guidance was adopted, on a modified retrospective basis, at September 1, 2016. The adoption did not have a material impact on the cumulative retained earnings or on the current condensed consolidated financial statements of the Company. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. As a result, under the ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the impairment loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This guidance is effective prospectively for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. In March 2016, the FASB issued ASU 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which will simplify several aspects of accounting for share-based payment transactions. The guidance will require, among other items, that all excess tax deficiencies or benefits be recorded as income tax expense or benefit in the statement of earnings, and not in additional paid-in capital (shareholder's equity). This guidance is effective for fiscal years beginning after December 15, 2016 (fiscal 2018 for the Company), and interim periods within those annual periods. The Company is continuing to evaluate the impact of adopting this standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. Under ASU 2014-09 and subsequent updates included in ASU 2016-10 and ASU 2016-12, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years beginning on or after December 15, 2017 (fiscal 2019 for the Company). The Company has begun assessing its various revenue streams to identify performance obligations under these ASUs and the key aspects of the standard that will impact the Company's revenue recognition process. Based upon our preliminary assessments these standards may impact our allocation of contract revenue between various products and services, the timing of when those revenues are recognized and the treatment of certain costs to obtain a contract. Given the diversity of its commercial arrangements, the Company is continuing to assess the impact these standards may have on its consolidated results of operation, financial position, cash flows and financial statement disclosures. In February 2016, the FASB issued ASU 2016-02, Leases to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 of the Company), including interim periods within those fiscal years. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently gathering, documenting and analyzing lease agreements related this ASU and anticipates material additions to the balance sheet upon adoption of right-of-use assets, offset by the associated liabilities, due to our routine use of operating leases over time. In August 2016, the FASB issued ASU 2016‑15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments , to address how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This guidance is effective for fiscal years beginning after December 15, 2017 (fiscal 2019 of the Company), including interim periods within those fiscal years. This update will require adoption on a retrospective basis unless it is impracticable to apply. The Company does not believe that this guidance will have a significant impact on its presentation of the statement of cash flows.

Director & Officer Transition C

Director & Officer Transition Charges (Notes)	6 Months Ended
	Feb. 28, 2017
Compensation Related Costs [Abstract]
Compensation Related Costs, General [Text Block]	Director & Officer Transition Charges During the six months ended February 28, 2017, the Company recorded separation and transition charges of $7.8 million in connection with the retirement of one director of the Company's Board of Directors and the transition of the Executive Vice President/Chief Financial Officer. The charges were mainly comprised of compensation expense for accelerated equity vesting, severance, outplacement, legal, signing bonus and relocation costs.

Restructuring Charges (Notes)

Restructuring Charges (Notes)	6 Months Ended
	Feb. 28, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Charges The Company has committed to various restructuring initiatives including workforce reductions, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low cost alternatives and the centralization and standardization of certain administrative functions. Total restructuring charges for these activities were $2.1 million and $3.6 million in the second quarter of fiscal 2017 and 2016, respectively. Year-to-date restructuring charges totaled $5.0 million and $8.0 million for fiscal 2017 and 2016, respectively, and impacted all segments. Liabilities for severance will be paid during the next twelve months, while future lease payments related to facilities vacated as a result of restructuring will be paid over the underlying remaining lease terms. The following rollforwards summarize restructuring reserve activity, by segment (in thousands): Six Months Ended February 28, 2017 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2016 $ 1,343 $ 3,021 $ 1,863 $ 46 $ 6,273 Restructuring charges 1,372 48 3,546 82 5,048 Cash payments (1,394 ) (973 ) (2,312 ) (83 ) (4,762 ) Other non-cash uses of reserve (438 ) (14 ) (16 ) (36 ) (504 ) Impact of changes in foreign currency rates (21 ) 44 (8 ) — 15 Balance as of February 28, 2017 $ 862 $ 2,126 $ 3,073 $ 9 $ 6,070 Six Months Ended February 29, 2016 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2015 $ — $ — $ — $ — $ — Restructuring charges 984 3,308 3,412 258 7,962 Cash payments (361 ) (256 ) (1,120 ) (157 ) (1,894 ) Other non-cash uses of reserve — (29 ) (136 ) (1 ) (166 ) Impact of changes in foreign currency rates — (39 ) 11 — (28 ) Balance as of February 29, 2016 $ 623 $ 2,984 $ 2,167 $ 100 $ 5,874

Acquisitions

Acquisitions	6 Months Ended
	Feb. 28, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions During fiscal 2016 , the Company completed two acquisitions which resulted in the recognition of goodwill in the condensed consolidated financial statements because their purchase price reflected the future earnings and cash flow potential of the acquired companies, as well as the complementary strategic fit and resulting synergies the acquisitions were expected to bring to existing operations. The Company makes an initial allocation of the purchase price at the date of acquisition, based upon its understanding of the fair value of the acquired assets and assumed liabilities. If additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), through asset appraisals and other sources, the Company will refine its estimates of fair value and adjust the initial purchase price allocation. The Company acquired the stock of Larzep, S.A. ("Larzep") on February 17, 2016 for a purchase price of $15.9 million net of cash acquired. This Industrial segment tuck-in acquisition is headquartered in Mallabia, Spain and is a supplier of hydraulic tools and solutions. The purchase price allocation resulted in $9.7 million of goodwill (which is not deductible for tax purposes) and $4.8 million of intangible assets, including $3.6 million of customer relationships and $1.2 million of tradenames. The Company also acquired the assets of the Middle East, Caspian and the North African business of FourQuest Energy Inc. ("Pipeline and Process Services") for $65.5 million on March 30, 2016 . This Hydratight tuck-in acquisition was funded with existing cash and expanded the geographic presence and service offerings of the Energy segment, including pipeline pre-commissioning, engineering, chemical cleaning and leak testing. The preliminary purchase price allocation resulted in $38.6 million of goodwill (which is not deductible for tax purposes) and $8.7 million of intangible assets, including $8.0 million of customer relationships and $0.7 million of non-compete agreements. During fiscal 2017, goodwill related to this acquisition increased by $2.3 million , as a result of adjustments to reflect the fair value of acquired accounts receivables. The two acquisitions generated combined sales of $8.4 million , and $17.7 million for the three and six months ended February 28, 2017, respectively. The Company incurred acquisition transaction costs of $0.7 million and $1.3 million for the three and six months ended February 29, 2016 , respectively. The following unaudited pro forma operating results of the Company give effect to these acquisitions as though the transactions and related financing activities occurred on September 1, 2015 (in thousands, expect per share amounts): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, 2017 February 29, 2016 Net sales As reported $ 258,869 $ 263,289 $ 524,662 $ 568,300 Pro forma 258,869 275,115 524,662 591,009 Net earnings (loss) As reported $ 5,074 $ (159,190 ) $ 10,039 $ (143,742 ) Pro forma 5,074 (157,038 ) 10,039 (140,198 ) Basic earnings (loss) per share As reported $ 0.09 $ (2.70 ) $ 0.17 $ (2.43 ) Pro forma 0.09 (2.66 ) 0.17 (2.37 ) Diluted earnings (loss) per share As reported $ 0.08 $ (2.70 ) $ 0.17 $ (2.43 ) Pro forma 0.08 (2.66 ) 0.17 (2.37 )
Business Acquisition, Pro Forma Information [Table Text Block]	The following unaudited pro forma operating results of the Company give effect to these acquisitions as though the transactions and related financing activities occurred on September 1, 2015 (in thousands, expect per share amounts): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, 2017 February 29, 2016 Net sales As reported $ 258,869 $ 263,289 $ 524,662 $ 568,300 Pro forma 258,869 275,115 524,662 591,009 Net earnings (loss) As reported $ 5,074 $ (159,190 ) $ 10,039 $ (143,742 ) Pro forma 5,074 (157,038 ) 10,039 (140,198 ) Basic earnings (loss) per share As reported $ 0.09 $ (2.70 ) $ 0.17 $ (2.43 ) Pro forma 0.09 (2.66 ) 0.17 (2.37 ) Diluted earnings (loss) per share As reported $ 0.08 $ (2.70 ) $ 0.17 $ (2.43 ) Pro forma 0.08 (2.66 ) 0.17 (2.37 )

Divestiture Activities Divestit

Divestiture Activities Divestiture Activities (Notes)	6 Months Ended
	Feb. 28, 2017
Divestiture Activities [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 5. Divestiture Activities On August 25, 2016 , the Company completed the divestiture of its Sanlo business (Engineered Solutions segment) for $9.7 million in cash, net of transaction costs. This divestiture resulted in a $5.1 million pre-tax loss, but a $1.6 million gain net of tax, in the fourth quarter of fiscal 2016. The results of the Sanlo business (which had net sales of $2.5 million and $5.5 million for the three and six months ended February 29, 2016 ) are not material to the consolidated financial results and are included in the results from continuing operations in fiscal 2016.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Feb. 28, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill, Intangible Assets and Long-Lived Assets The changes in the carrying value of goodwill for the six months ended February 28, 2017 are as follows (in thousands): Industrial Energy Engineered Solutions Total Balance as of August 31, 2016 $ 101,739 $ 187,321 $ 230,216 $ 519,276 Purchase accounting adjustments (59 ) 2,320 — 2,261 Impact of changes in foreign currency rates (1,812 ) (4,947 ) (5,700 ) (12,459 ) Balance as of February 28, 2017 $ 99,868 $ 184,694 $ 224,516 $ 509,078 The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands): February 28, 2017 August 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 15 $ 287,584 $ 171,853 $ 115,731 $ 292,671 $ 166,252 $ 126,419 Patents 11 29,992 23,047 6,945 30,296 22,233 8,063 Trademarks and tradenames 18 21,200 8,503 12,697 21,283 7,936 13,347 Other intangibles 3 6,506 5,950 556 6,627 5,890 737 Indefinite lived intangible assets: Tradenames N/A 89,630 — 89,630 90,909 — 90,909 $ 434,912 $ 209,353 $ 225,559 $ 441,786 $ 202,311 $ 239,475 The Company estimates that amortization expense will be $10.0 million for the remaining six months of fiscal 2017 . Amortization expense for future years is estimated to be: $19.9 million in fiscal 2018 , $19.3 million in 2019 , $18.7 million in fiscal 2020 , $17.8 million in fiscal 2021 , $15.8 million in fiscal 2022 and $34.4 million thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures or changes in foreign currency exchange rates. Fiscal 2016 Interim Impairment Charge The prolonged unfavorable conditions in the global oil & gas markets, including additional cuts in projected capital spending by energy customers, reduced exploration, drilling and commissioning activities and excess capacity in the industry were expected to have an adverse impact on the future financial results of the Cortland and Viking businesses. Accordingly, during the second quarter of fiscal 2016, the Company recognized a $140.9 million impairment charge (as a result of lower projected future sales and profits) related to the Cortland and Viking businesses. Additionally, weakness in off-highway vehicle and agricultural markets, coupled with challenging overall industrial fundamentals, reductions in OEM customer build rates and production schedules and delays in the start of production by certain European OEMs for new or updated design models resulted in reduced sales and profitability of the maximatecc business. As a result of lower projected sales and profits, during the second quarter of fiscal 2016, the Company recognized a $45.7 million impairment charge related to the maximatecc business. A summary of the second quarter fiscal 2016 impairment charge by reporting unit is as follows (in thousands): Cortland Viking maximatecc Total Goodwill $ 34,502 $ 39,099 $ 44,521 $ 118,122 Indefinite lived intangible assets 2,211 13,289 1,153 16,653 Amortizable intangible assets — 27,952 — 27,952 Fixed assets — 23,784 — 23,784 $ 36,713 $ 104,124 $ 45,674 $ 186,511

Product Warranty Costs

Product Warranty Costs	6 Months Ended
	Feb. 28, 2017
Guarantees [Abstract]
Product Warranty Costs	Product Warranty Costs The Company generally offers its customers a warranty on products sold, although warranty periods vary by product type and application. The reserve for future warranty claims is based on historical claim rates and current warranty cost experience. The following is a rollforward of the product warranty reserve (in thousands): Six Months Ended February 28, February 29, Beginning balance $ 5,592 $ 3,718 Provision for warranties 1,482 2,096 Warranty payments and costs incurred (3,096 ) (2,297 ) Impact of changes in foreign currency rates (101 ) (66 ) Ending balance $ 3,877 $ 3,451

Debt

Debt	6 Months Ended
	Feb. 28, 2017
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s long-term indebtedness (in thousands): February 28, 2017 August 31, 2016 Senior Credit Facility Revolver ($600 million) $ — $ — Term Loan 288,750 296,250 Total Senior Credit Facility 288,750 296,250 5.625% Senior Notes 288,059 288,059 Total Senior Indebtedness 576,809 584,309 Less: Current maturities of long-term debt (26,250 ) (18,750 ) Debt issuance costs (3,501 ) (3,878 ) Total long-term debt, net $ 547,058 $ 561,681 The Company’s Senior Credit Facility matures on May 8, 2020 , provides a $600 million revolver, an amortizing term loan and a $450 million expansion option, subject to certain conditions. Borrowings are subject to a pricing grid, which can result in increases or decreases to the borrowing spread, depending on the Company’s leverage ratio, ranging from 1.00% to 2.25% in the case of loans bearing interest at LIBOR and from 0.00% to 1.25% in the case of loans bearing interest at the base rate. As of February 28, 2017 , the borrowing spread on LIBOR based borrowings was 2.00% (aggregating to a 2.75% variable rate borrowing cost). In addition, a non-use fee is payable quarterly on the average unused credit line under the revolver ranging from 0.15% to 0.35% per annum. As of February 28, 2017 , the unused credit line under the revolver was $595.6 million , of which $96.7 million was available for borrowing. The amount immediately available for borrowing represents the maximum additional borrowings that could be utilized by the Company (based upon current earnings and net debt) without violating compliance with the associated financial covenants described below. Quarterly term loan principal payments of $3.8 million began on June 30, 2016 , and increase to $7.5 million starting on June 30, 2017 , with the remaining principal due at maturity. The Senior Credit Facility, which is secured by substantially all of the Company’s domestic personal property assets, also contains customary limits and restrictions concerning investments, sales of assets, liens on assets, dividends and other payments. The two financial covenants included in the Senior Credit Facility agreement are a maximum leverage ratio of 3.75 :1 and a minimum interest coverage ratio of 3.5 :1. The Company was in compliance with all financial covenants at February 28, 2017 . On April 16, 2012 , the Company issued $300 million of 5.625% Senior Notes due 2022 (the “Senior Notes”), of which $288.1 million remains outstanding at February 28, 2017 and August 31, 2016 . The Senior Notes require no principal installments prior to their June 15, 2022 maturity, require semiannual interest payments in December and June of each year and contain certain financial and non-financial covenants. The Senior Notes include a call feature that allows the Company to repurchase them anytime on or after June 15, 2017 at stated redemption prices (ranging from 100.0% to 102.8% ), plus accrued and unpaid interest.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Feb. 28, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include management’s own judgments about the assumptions market participation would use in pricing an asset or liability. The fair value of the Company’s cash and cash equivalents, foreign currency derivatives, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both February 28, 2017 and August 31, 2016 due to their short-term nature and the fact that the interest rates approximated market rates. The fair value of the Company’s outstanding Senior Notes was $296.7 million and $299.6 million at February 28, 2017 and August 31, 2016 , respectively. The fair value of the Senior Notes was based on quoted inactive market prices and is therefore classified as Level 2 within the valuation hierarchy.

Derivatives

Derivatives	6 Months Ended
	Feb. 28, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations. In order to manage this risk the Company hedges certain portions of its recognized balances and forecasted cash flows that are denominated in non-functional currencies. All derivatives are recognized in the balance sheet at their estimated fair value. On the date it enters into a derivative contract, the Company designates the derivative as a hedge of a recognized asset or liability ("fair value hedge") or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"). The Company does not enter into derivatives for speculative purposes. Changes in the value of fair value hedges and non-designated hedges are recorded in earnings along with the gain or loss on the hedged asset or liability, while changes in the value of cash flow hedges are recorded in accumulated other comprehensive loss, until earnings are affected by the variability of cash flows. The U.S. dollar equivalent notional value of short duration foreign currency forward contracts (fair value hedges or non-designated hedges) was $38.7 million and $143.4 million , at February 28, 2017 and August 31, 2016 , respectively. Net foreign currency gains (losses) related to these derivative instruments are as follows (in thousands): Three Months Ended Six Months Ended February 28, February 29, February 28, February 29, Foreign currency (loss) gain $ (474 ) $ 1,062 $ (1,966 ) $ (634 ) These derivative gains and losses offset foreign currency gains and losses from the related revaluation of non-functional currency assets and liabilities (amounts included in other expense (income), net in the condensed consolidated statement of operations).

Capital Stock and Share Repurch

Capital Stock and Share Repurchase	6 Months Ended
	Feb. 28, 2017
Earnings Per Share [Abstract]
Capital Stock and Share Repurchase	The Company's Board of Directors authorized the repurchase of shares of the Company's common stock under publicy announced share repurchase programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 20,439,434 shares of common stock for $618 million . As of February 28, 2017 , the maximum number of shares that may yet be purchased under the programs is 7,560,566 shares. There were no share repurchases in the three and six months ended February 28, 2017, respectively. The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, February 29, Numerator: Net earnings (loss) $ 5,074 $ (159,190 ) $ 10,039 $ (143,742 ) Denominator: Weighted average common shares outstanding - basic 59,368 58,991 59,170 59,089 Net effect of dilutive securities - stock based compensation plans 778 — 711 — Weighted average common shares outstanding - diluted 60,146 58,991 $ 59,881 $ 59,089 Basic earnings (loss) per share $ 0.09 $ (2.70 ) $ 0.17 $ (2.43 ) Diluted earnings (loss) per share 0.08 (2.70 ) 0.17 (2.43 ) Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) 2,011 5,146 1,987 5,146

Income Taxes

Income Taxes	6 Months Ended
	Feb. 28, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's income tax expense or benefit is impacted by a number of factors, including the amount of taxable earnings generated in foreign jurisdictions with tax rates that are lower than the U.S. federal statutory rate, permanent items, state tax rates and the ability to utilize various tax credits and net operating loss carryforwards. The Company's global operations, acquisition activity and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Both the current and prior year include the benefits of tax planning initiatives. Comparative earnings (loss) before income taxes, income tax expense (benefit) and effective income tax rates are as follows (amounts in thousands): Three Months Ended Six Months Ended February 28, February 29, February 28, February 29, Earnings (loss) before income taxes $ 5,274 $ (179,216 ) $ 7,241 $ (161,581 ) Income tax expense (benefit) 200 (20,026 ) (2,798 ) (17,839 ) Effective income tax rate 3.8 % 11.2 % (38.6 )% 11.0 % Adjusted effective income tax rate (1) 3.8 % (35.6 )% (38.6 )% (1.6 )% (1) Adjusted effective income tax rate excludes the impairment charge of $186.5 million ( $169.1 million after tax) in fiscal 2016. Both the current and prior year effective income tax rates were impacted by the proportion of earnings in foreign jurisdictions with income tax rates lower than the U.S. federal income tax rate and the amount of income tax benefits from tax planning initiatives. The Company's earnings (loss) before income taxes, excluding impairment charges, were made up of 85% of earnings from foreign jurisdictions in both fiscal 2017 and 2016. This foreign income tax rate differential had the effect of reducing the effective income tax rate from the 35% U.S. statutory tax rate by 21.2% and by 19.6% , in fiscal 2017 and 2016, respectively, excluding the second quarter fiscal 2016 impairment charge. In addition, the recognition of income tax planning benefits resulting from certain losses from prior years for which no benefit was previously recognized resulted in a 19.4% reduction from the 35% U.S. statutory tax rate for fiscal 2017. Income tax planning benefits related to certain foreign currency gains and losses recognized for tax purposes resulted in a 10.1% reduction from the 35% U.S. statutory tax rate for fiscal 2016, excluding the impairment charge. The tax benefits related to these tax planning initiatives are not expected to repeat in future periods due to certain tax attributes that are no longer available and subsequent changes in relevant tax laws.

Segment Information

Segment Information	6 Months Ended
	Feb. 28, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is a global manufacturer of a broad range of industrial products and systems and is organized into three reportable segments: Industrial, Energy and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. During 2017, the Company rebranded its Integrated Solutions product line to Heavy Lifting Technology to align the brand with the solutions offered. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers ("OEM") in various on and off-highway vehicle markets, as well as a variety of other products to the industrial and agricultural markets. The following tables summarize financial information by reportable segment and product line (in thousands): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, February 29, Net Sales by Reportable Product Line & Segment: Industrial Segment: Industrial Tools $ 78,679 $ 72,095 $ 157,718 $ 151,828 Heavy Lifting Technology 12,969 9,093 21,220 18,231 91,648 81,188 178,938 170,059 Energy Segment: Energy Maintenance & Integrity 51,590 58,551 116,411 137,385 Other Energy Solutions 21,294 27,674 41,119 62,602 72,884 86,225 157,530 199,987 Engineered Solutions Segment: On-Highway 50,611 49,434 102,242 103,510 Agriculture, Off-Highway and Other 43,726 46,442 85,952 94,744 94,337 95,876 188,194 198,254 $ 258,869 $ 263,289 $ 524,662 $ 568,300 Operating Profit (Loss): Industrial $ 18,380 $ 16,728 $ 37,155 $ 37,283 Energy (1) (579 ) (136,766 ) 2,632 (126,673 ) Engineered Solutions (2) 1,816 (45,116 ) 2,571 (41,594 ) General Corporate (6,418 ) (6,961 ) (20,688 ) (15,760 ) $ 13,199 $ (172,115 ) $ 21,670 $ (146,744 ) (1) Energy segment operating profit (loss) includes an impairment charge of $140.9 million for the three and six months ended February 29, 2016 . (2) Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million for the three and six months ended February 29, 2016 . February 28, 2017 August 31, 2016 Assets by Segment: Industrial $ 310,197 $ 308,222 Energy 501,824 479,169 Engineered Solutions 490,814 493,840 General Corporate 124,199 157,429 $ 1,427,034 $ 1,438,660 In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment charges, director and officer transition charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.

Contingencies and Litigation

Contingencies and Litigation	6 Months Ended
	Feb. 28, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Contingencies and Litigation The Company had outstanding letters of credit of $16.6 million and $17.8 million at February 28, 2017 and August 31, 2016 , respectively, the majority of which relate to commercial contracts and self-insured workers compensation programs. The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings typically include product liability, environmental, labor, patent claims and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable that a loss has been incurred and can be reasonably estimated. In the opinion of management, resolution of these contingencies are not expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company remains contingently liable for lease payments under leases of businesses that it previously divested or spun-off, in the event that such businesses are unable to fulfill their future lease payment obligations. The discounted present value of future minimum lease payments for these leases was $14.1 million at February 28, 2017 (including $11.3 million related to the former Electrical segment). The Company has facilities in numerous geographic locations that are subject to a range of environmental laws and regulations. Environmental expenditures over the past two years have not been material. Management believes that such costs will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Guarantor Subsidiaries

Guarantor Subsidiaries	6 Months Ended
	Feb. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Guarantor Subsidiaries	Guarantor Subsidiaries As discussed in Note 8, “Debt” on April 16, 2012 , Actuant Corporation (the “Parent”) issued $300.0 million of 5.625% Senior Notes, of which $288.1 million remains outstanding as of February 28, 2017 . All of our material domestic wholly owned subsidiaries (the “Guarantors”) fully and unconditionally guarantee the 5.625% Senior Notes on a joint and several basis. There are no significant restrictions on the ability of the Guarantors to make distributions to the Parent. The following tables present the results of operations, financial position and cash flows of Actuant Corporation and its subsidiaries, the Guarantor and non-Guarantor entities, and the eliminations necessary to arrive at the information for the Company on a consolidated basis. Certain assets, liabilities and expenses have not been allocated to the Guarantors and non-Guarantors and therefore are included in the Parent column in the accompanying condensed consolidating financial statements. These items are of a corporate or consolidated nature and include, but are not limited to, tax provisions and related assets and liabilities, certain employee benefit obligations, prepaid and accrued insurance and corporate indebtedness. Intercompany activity primarily includes loan activity, purchases and sales of goods or services, investments and dividends. Intercompany balances also reflect certain non-cash transactions including transfers of assets and liabilities between the Parent, Guarantor and non-Guarantor, allocation of non-cash expenses from the Parent to the Guarantors and non-Guarantors, non-cash intercompany dividends and the impact of foreign currency rate changes. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 34,953 $ 80,973 $ 142,943 $ — $ 258,869 Cost of products sold 10,049 61,821 99,673 — 171,543 Gross profit 24,904 19,152 43,270 — 87,326 Selling, administrative and engineering expenses 18,553 16,549 31,855 — 66,957 Amortization of intangible assets 318 2,918 1,833 — 5,069 Restructuring charges 372 441 1,288 — 2,101 Operating profit (loss) 5,661 (756 ) 8,294 — 13,199 Financing costs (income), net 7,430 — (96 ) — 7,334 Intercompany (income) expense, net (7,882 ) 11,242 (3,360 ) — — Intercompany dividends — (4,258 ) — 4,258 — Other (income) expense, net (48 ) (4 ) 643 — 591 Earnings (loss) before income taxes 6,161 (7,736 ) 11,107 (4,258 ) 5,274 Income tax expense (benefit) 151 (667 ) 716 — 200 Net earnings (loss) before equity in (loss) earnings of subsidiaries 6,010 (7,069 ) 10,391 (4,258 ) 5,074 Equity in earnings (loss) of subsidiaries (936 ) 8,057 (268 ) (6,853 ) — Net earnings $ 5,074 $ 988 $ 10,123 $ (11,111 ) $ 5,074 Comprehensive income $ 8,185 $ 1,324 $ 12,828 $ (14,152 ) $ 8,185 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 32,399 $ 84,099 $ 146,791 $ — $ 263,289 Cost of products sold 12,077 61,815 98,367 — 172,259 Gross profit 20,322 22,284 48,424 — 91,030 Selling, administrative and engineering expenses 17,117 17,309 32,746 — 67,172 Amortization of intangible assets 318 3,336 2,226 — 5,880 Restructuring charges 79 2,446 1,057 — 3,582 Impairment charges — 49,012 137,499 — 186,511 Operating profit (loss) 2,808 (49,819 ) (125,104 ) — (172,115 ) Financing costs (income), net 7,308 — (442 ) — 6,866 Intercompany (income) expense, net (5,465 ) (1,072 ) 6,537 — — Intercompany dividends — — (5,338 ) 5,338 — Other expense (income), net 200 (28 ) 63 — 235 Earnings (loss) before income taxes 765 (48,719 ) (125,924 ) (5,338 ) (179,216 ) Income tax benefit (1,648 ) (1,000 ) (17,378 ) — (20,026 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 2,413 (47,719 ) (108,546 ) (5,338 ) (159,190 ) Equity in (loss) earnings of subsidiaries (161,603 ) (97,943 ) 229 259,317 — Net loss $ (159,190 ) $ (145,662 ) $ (108,317 ) $ 253,979 $ (159,190 ) Comprehensive loss $ (173,341 ) $ (162,285 ) $ (106,174 ) $ 268,459 $ (173,341 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Six Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 66,682 $ 165,249 $ 292,731 $ — $ 524,662 Cost of products sold 17,143 123,237 203,889 — 344,269 Gross profit 49,539 42,012 88,842 — 180,393 Selling, administrative and engineering expenses 36,520 33,185 65,856 — 135,561 Amortization of intangible assets 636 5,994 3,700 — 10,330 Restructuring charges 727 1,164 3,157 — 5,048 Director & officer transition charges 7,784 — — — 7,784 Operating profit 3,872 1,669 16,129 — 21,670 Financing costs (income), net 14,756 — (289 ) — 14,467 Intercompany (income) expense, net (12,950 ) 10,156 2,794 — — Intercompany dividends — (59,401 ) — 59,401 — Other expense (income), net 2,037 (74 ) (2,001 ) — (38 ) Earnings before income taxes 29 50,988 15,625 (59,401 ) 7,241 Income tax (benefit) expense (2,563 ) (697 ) 462 — (2,798 ) Net earnings before equity in earnings of subsidiaries 2,592 51,685 15,163 (59,401 ) 10,039 Equity in earnings of subsidiaries 7,447 13,682 2,862 (23,991 ) — Net earnings $ 10,039 $ 65,367 $ 18,025 $ (83,392 ) $ 10,039 Comprehensive (loss) income $ (12,972 ) $ 47,616 $ 13,459 $ (61,075 ) $ (12,972 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Six Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 67,089 $ 185,040 $ 316,171 $ — $ 568,300 Cost of products sold 19,248 134,153 215,308 — 368,709 Gross profit 47,841 50,887 100,863 — 199,591 Selling, administrative and engineering expenses 36,877 35,839 67,367 — 140,083 Amortization of intangible assets 636 6,644 4,499 — 11,779 Restructuring charges 957 2,568 4,437 — 7,962 Impairment charges — 49,012 137,499 — 186,511 Operating profit (loss) 9,371 (43,176 ) (112,939 ) — (146,744 ) Financing costs (income), net 14,763 — (781 ) — 13,982 Intercompany (income) expense, net (11,294 ) (6,897 ) 18,191 — — Intercompany dividends — — (5,338 ) 5,338 — Other expense, net 603 31 221 — 855 Earnings (loss) before income taxes 5,299 (36,310 ) (125,232 ) (5,338 ) (161,581 ) Income tax (benefit) expense (1,057 ) 657 (17,439 ) — (17,839 ) Net earnings (loss) before equity in earnings (loss) of subsidiaries 6,356 (36,967 ) (107,793 ) (5,338 ) (143,742 ) Equity in (loss) earnings of subsidiaries (150,098 ) (95,069 ) 2,087 243,080 — Net loss $ (143,742 ) $ (132,036 ) $ (105,706 ) $ 237,742 $ (143,742 ) Comprehensive loss $ (178,827 ) $ (160,882 ) $ (112,155 ) $ 273,037 $ (178,827 ) CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 6,509 $ — $ 165,381 $ — $ 171,890 Accounts receivable, net 16,364 48,848 136,702 — 201,914 Inventories, net 20,486 43,861 63,226 — 127,573 Other current assets 8,666 3,540 41,778 — 53,984 Total current assets 52,025 96,249 407,087 — 555,361 Property, plant and equipment, net 6,801 26,357 82,034 — 115,192 Goodwill 38,847 200,498 269,733 — 509,078 Other intangibles, net 8,793 143,763 73,003 — 225,559 Investment in subsidiaries 1,893,280 1,402,022 531,353 (3,826,655 ) — Intercompany receivable — 700,169 191,146 (891,315 ) — Other long-term assets 5,430 10 16,404 — 21,844 Total assets $ 2,005,176 $ 2,569,068 $ 1,570,760 $ (4,717,970 ) $ 1,427,034 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 12,838 $ 22,627 $ 89,484 $ — $ 124,949 Accrued compensation and benefits 15,032 4,886 22,445 — 42,363 Current maturities of debt and short-term borrowings 26,250 — — — 26,250 Income taxes payable 1,113 — — — 1,113 Other current liabilities 16,710 5,038 27,481 — 49,229 Total current liabilities 71,943 32,551 139,410 — 243,904 Long-term debt, net 547,058 — — — 547,058 Deferred income taxes 21,503 — 9,534 — 31,037 Pension and postretirement benefit liabilities 15,863 — 8,279 — 24,142 Other long-term liabilities 47,024 417 8,443 — 55,884 Intercompany payable 776,776 — 114,539 (891,315 ) — Shareholders’ equity 525,009 2,536,100 1,290,555 (3,826,655 ) 525,009 Total liabilities and shareholders’ equity $ 2,005,176 $ 2,569,068 $ 1,570,760 $ (4,717,970 ) $ 1,427,034 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 7,953 $ 71 $ 171,580 $ — $ 179,604 Accounts receivable, net 13,692 41,715 131,422 — 186,829 Inventories, net 19,897 44,283 66,576 — 130,756 Other current assets 7,754 3,858 33,851 — 45,463 Total current assets 49,296 89,927 403,429 — 542,652 Property, plant and equipment, net 5,927 23,511 84,577 — 114,015 Goodwill 38,847 200,499 279,930 — 519,276 Other intangibles, net 9,429 149,757 80,289 — 239,475 Investment in subsidiaries 1,915,367 578,423 465,736 (2,959,526 ) — Intercompany receivable — 1,159,672 — (1,159,672 ) — Other long-term assets 5,702 10 17,530 — 23,242 Total assets $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,529 $ 20,669 $ 82,853 $ — $ 115,051 Accrued compensation and benefits 17,506 5,754 23,641 — 46,901 Current maturities of debt and short-term borrowings 18,750 — — — 18,750 Income taxes payable 1,886 — 7,368 — 9,254 Other current liabilities 20,459 6,989 24,508 — 51,956 Total current liabilities 70,130 33,412 138,370 — 241,912 Long-term debt, net 561,681 — — — 561,681 Deferred income taxes 30,666 — 690 — 31,356 Pension and postretirement benefit liabilities 16,803 — 8,864 — 25,667 Other long-term liabilities 47,739 588 8,767 — 57,094 Intercompany payable 776,599 — 383,073 (1,159,672 ) — Shareholders’ equity 520,950 2,167,799 791,727 (2,959,526 ) 520,950 Total liabilities and shareholders’ equity $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Six Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash provided by operating activities $ 58,626 $ 5,902 $ 8,906 $ (59,401 ) $ 14,033 Investing Activities Capital expenditures (2,156 ) (6,108 ) (6,431 ) — (14,695 ) Proceeds from sale of property, plant and equipment — 135 109 — 244 Cash used in investing activities (2,156 ) (5,973 ) (6,322 ) — (14,451 ) Financing Activities Principal repayments on term loan (7,500 ) — — — (7,500 ) Taxes paid related to the net share settlement of equity awards (920 ) — — — (920 ) Stock option exercises, related tax benefits and other 6,598 — — — 6,598 Cash dividend (2,358 ) — (59,401 ) 59,401 (2,358 ) Intercompany loan activity (53,734 ) — 53,734 — — Cash used in financing activities (57,914 ) — (5,667 ) 59,401 (4,180 ) Effect of exchange rate changes on cash — — (3,116 ) — (3,116 ) Net decrease in cash and cash equivalents (1,444 ) (71 ) (6,199 ) — (7,714 ) Cash and cash equivalents—beginning of period 7,953 71 171,580 — 179,604 Cash and cash equivalents—end of period $ 6,509 $ — $ 165,381 $ — $ 171,890 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Six Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (1,531 ) $ 5,293 $ 30,439 $ (5,338 ) $ 28,863 Investing Activities Capital expenditures (339 ) (3,194 ) (7,471 ) — (11,004 ) Proceeds from sale of property, plant and equipment 13 2,672 1,951 — 4,636 Business acquisitions, net of cash acquired — — (15,026 ) — (15,026 ) Cash used in investing activities (326 ) (522 ) (20,546 ) — (21,394 ) Financing Activities Net repayments on revolver and other debt — — (210 ) — (210 ) Purchase of treasury shares (9,352 ) — — — (9,352 ) Taxes paid related to the net share settlement of equity awards (1,332 ) — — — (1,332 ) Stock option exercises, related tax benefits and other 2,245 — — — 2,245 Cash dividend (2,376 ) (5,338 ) — 5,338 (2,376 ) Intercompany loan activity 464 — (464 ) — — Cash used in financing activities (10,351 ) (5,338 ) (674 ) 5,338 (11,025 ) Effect of exchange rate changes on cash — — (10,619 ) — (10,619 ) Net decrease in cash and cash equivalents (12,208 ) (567 ) (1,400 ) — (14,175 ) Cash and cash equivalents—beginning of period 18,688 567 149,591 — 168,846 Cash and cash equivalents—end of period $ 6,480 $ — $ 148,191 $ — $ 154,671

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Policies)	6 Months Ended
	Feb. 28, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which includes amendments that require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Under the new guidance, the recognition and measurement of debt issuance costs is not affected. This guidance was adopted on September 1, 2016. As a result of adoption, debt issuance costs of $3.9 million were reclassified from other long-term assets to long-term debt, net (contra liability) on the balance sheet as of August 31, 2016. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , further clarifying that ASU 2015-03 relates only to the presentation of debt issuance costs related to term loans and does not relate to lines-of-credit or revolvers. As such, the debt issuance costs related to the Company's revolver remain classified in other long-term assets. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminates the requirement to retrospectively account for changes to provisional amounts initially recorded in a business acquisition opening balance sheet. This guidance was adopted on September 1, 2016. The adoption did not have a material impact on the financial statements of the Company. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory , which amends the existing guidance to prohibit immediate recognition of the current and deferred income tax impacts of intra-entity asset transfers. The ASU eliminates this prohibition for all intra-entity asset transfers, except inventory. This guidance was adopted, on a modified retrospective basis, at September 1, 2016. The adoption did not have a material impact on the cumulative retained earnings or on the current condensed consolidated financial statements of the Company. In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. As a result, under the ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the impairment loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This guidance is effective prospectively for fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. In March 2016, the FASB issued ASU 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which will simplify several aspects of accounting for share-based payment transactions. The guidance will require, among other items, that all excess tax deficiencies or benefits be recorded as income tax expense or benefit in the statement of earnings, and not in additional paid-in capital (shareholder's equity). This guidance is effective for fiscal years beginning after December 15, 2016 (fiscal 2018 for the Company), and interim periods within those annual periods. The Company is continuing to evaluate the impact of adopting this standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. Under ASU 2014-09 and subsequent updates included in ASU 2016-10 and ASU 2016-12, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years beginning on or after December 15, 2017 (fiscal 2019 for the Company). The Company has begun assessing its various revenue streams to identify performance obligations under these ASUs and the key aspects of the standard that will impact the Company's revenue recognition process. Based upon our preliminary assessments these standards may impact our allocation of contract revenue between various products and services, the timing of when those revenues are recognized and the treatment of certain costs to obtain a contract. Given the diversity of its commercial arrangements, the Company is continuing to assess the impact these standards may have on its consolidated results of operation, financial position, cash flows and financial statement disclosures. In February 2016, the FASB issued ASU 2016-02, Leases to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 of the Company), including interim periods within those fiscal years. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is currently gathering, documenting and analyzing lease agreements related this ASU and anticipates material additions to the balance sheet upon adoption of right-of-use assets, offset by the associated liabilities, due to our routine use of operating leases over time. In August 2016, the FASB issued ASU 2016‑15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments , to address how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This guidance is effective for fiscal years beginning after December 15, 2017 (fiscal 2019 of the Company), including interim periods within those fiscal years. This update will require adoption on a retrospective basis unless it is impracticable to apply. The Company does not believe that this guidance will have a significant impact on its presentation of the statement of cash flows.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Feb. 28, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The following rollforwards summarize restructuring reserve activity, by segment (in thousands): Six Months Ended February 28, 2017 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2016 $ 1,343 $ 3,021 $ 1,863 $ 46 $ 6,273 Restructuring charges 1,372 48 3,546 82 5,048 Cash payments (1,394 ) (973 ) (2,312 ) (83 ) (4,762 ) Other non-cash uses of reserve (438 ) (14 ) (16 ) (36 ) (504 ) Impact of changes in foreign currency rates (21 ) 44 (8 ) — 15 Balance as of February 28, 2017 $ 862 $ 2,126 $ 3,073 $ 9 $ 6,070 Six Months Ended February 29, 2016 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2015 $ — $ — $ — $ — $ — Restructuring charges 984 3,308 3,412 258 7,962 Cash payments (361 ) (256 ) (1,120 ) (157 ) (1,894 ) Other non-cash uses of reserve — (29 ) (136 ) (1 ) (166 ) Impact of changes in foreign currency rates — (39 ) 11 — (28 ) Balance as of February 29, 2016 $ 623 $ 2,984 $ 2,167 $ 100 $ 5,874

Acquisitions Acquisitions - Pro

Acquisitions Acquisitions - Pro Forma Results of Operations (Tables) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Business Combinations [Abstract]
Document Period End Date			Feb. 28, 2017
Net sales
Net sales, As reported	$ 258,869	$ 263,289	$ 524,662	$ 568,300
Net sales, Pro forma	258,869	275,115	524,662	591,009
Net earnings (loss)
Net earnings (loss), As reported	5,074	(159,190)	10,039	(143,742)
Net earnings (loss), Pro forma	$ 5,074	$ (157,038)	$ 10,039	$ (140,198)
Basic earnings (loss) per share
Basic earning (loss) per share, As reported	$ 0.09	$ (2.70)	$ 0.17	$ (2.43)
Basic earnings (loss) per share, Pro forma	0.09	(2.66)	0.17	(2.37)
Diluted earnings (loss) per share
Diluted earnings (loss) per share, As reported	0.08	(2.70)	0.17	(2.43)
Diluted earnings (loss) per share, Pro forma	$ 0.08	$ (2.66)	$ 0.17	$ (2.37)

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Asset Impairment Charges [Table Text Block]		A summary of the second quarter fiscal 2016 impairment charge by reporting unit is as follows (in thousands): Cortland Viking maximatecc Total Goodwill $ 34,502 $ 39,099 $ 44,521 $ 118,122 Indefinite lived intangible assets 2,211 13,289 1,153 16,653 Amortizable intangible assets — 27,952 — 27,952 Fixed assets — 23,784 — 23,784 $ 36,713 $ 104,124 $ 45,674 $ 186,511
Schedule of Goodwill	The changes in the carrying value of goodwill for the six months ended February 28, 2017 are as follows (in thousands): Industrial Energy Engineered Solutions Total Balance as of August 31, 2016 $ 101,739 $ 187,321 $ 230,216 $ 519,276 Purchase accounting adjustments (59 ) 2,320 — 2,261 Impact of changes in foreign currency rates (1,812 ) (4,947 ) (5,700 ) (12,459 ) Balance as of February 28, 2017 $ 99,868 $ 184,694 $ 224,516 $ 509,078
Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table	The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands): February 28, 2017 August 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 15 $ 287,584 $ 171,853 $ 115,731 $ 292,671 $ 166,252 $ 126,419 Patents 11 29,992 23,047 6,945 30,296 22,233 8,063 Trademarks and tradenames 18 21,200 8,503 12,697 21,283 7,936 13,347 Other intangibles 3 6,506 5,950 556 6,627 5,890 737 Indefinite lived intangible assets: Tradenames N/A 89,630 — 89,630 90,909 — 90,909 $ 434,912 $ 209,353 $ 225,559 $ 441,786 $ 202,311 $ 239,475

Product Warranty Costs (Tables)

Product Warranty Costs (Tables)	6 Months Ended
	Feb. 28, 2017
Guarantees [Abstract]
Schedule of Product Warranty Liability	The following is a rollforward of the product warranty reserve (in thousands): Six Months Ended February 28, February 29, Beginning balance $ 5,592 $ 3,718 Provision for warranties 1,482 2,096 Warranty payments and costs incurred (3,096 ) (2,297 ) Impact of changes in foreign currency rates (101 ) (66 ) Ending balance $ 3,877 $ 3,451

Debt (Tables)

Debt (Tables)	6 Months Ended
	Feb. 28, 2017
Debt Disclosure [Abstract]
Long-Term Indebtedness	The following is a summary of the Company’s long-term indebtedness (in thousands): February 28, 2017 August 31, 2016 Senior Credit Facility Revolver ($600 million) $ — $ — Term Loan 288,750 296,250 Total Senior Credit Facility 288,750 296,250 5.625% Senior Notes 288,059 288,059 Total Senior Indebtedness 576,809 584,309 Less: Current maturities of long-term debt (26,250 ) (18,750 ) Debt issuance costs (3,501 ) (3,878 ) Total long-term debt, net $ 547,058 $ 561,681

Derivatives Derivatives (Tables

Derivatives Derivatives (Tables)	6 Months Ended
	Feb. 28, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss) [Table Text Block]	Net foreign currency gains (losses) related to these derivative instruments are as follows (in thousands): Three Months Ended Six Months Ended February 28, February 29, February 28, February 29, Foreign currency (loss) gain $ (474 ) $ 1,062 $ (1,966 ) $ (634 )

Capital Stock and Share Repur29

Capital Stock and Share Repurchase (Tables)	6 Months Ended
	Feb. 28, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, February 29, Numerator: Net earnings (loss) $ 5,074 $ (159,190 ) $ 10,039 $ (143,742 ) Denominator: Weighted average common shares outstanding - basic 59,368 58,991 59,170 59,089 Net effect of dilutive securities - stock based compensation plans 778 — 711 — Weighted average common shares outstanding - diluted 60,146 58,991 $ 59,881 $ 59,089 Basic earnings (loss) per share $ 0.09 $ (2.70 ) $ 0.17 $ (2.43 ) Diluted earnings (loss) per share 0.08 (2.70 ) 0.17 (2.43 ) Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) 2,011 5,146 1,987 5,146

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	6 Months Ended
	Feb. 28, 2017
Income Tax Disclosure [Abstract]
Income Tax Effective Tax Rate [Table Text Block]	Three Months Ended Six Months Ended February 28, February 29, February 28, February 29, Earnings (loss) before income taxes $ 5,274 $ (179,216 ) $ 7,241 $ (161,581 ) Income tax expense (benefit) 200 (20,026 ) (2,798 ) (17,839 ) Effective income tax rate 3.8 % 11.2 % (38.6 )% 11.0 % Adjusted effective income tax rate (1) 3.8 % (35.6 )% (38.6 )% (1.6 )%

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Feb. 28, 2017
Segment Reporting [Abstract]
Summary of Financial Information by Reportable Segment and Product Line	The following tables summarize financial information by reportable segment and product line (in thousands): Three Months Ended Six Months Ended February 28, 2017 February 29, 2016 February 28, February 29, Net Sales by Reportable Product Line & Segment: Industrial Segment: Industrial Tools $ 78,679 $ 72,095 $ 157,718 $ 151,828 Heavy Lifting Technology 12,969 9,093 21,220 18,231 91,648 81,188 178,938 170,059 Energy Segment: Energy Maintenance & Integrity 51,590 58,551 116,411 137,385 Other Energy Solutions 21,294 27,674 41,119 62,602 72,884 86,225 157,530 199,987 Engineered Solutions Segment: On-Highway 50,611 49,434 102,242 103,510 Agriculture, Off-Highway and Other 43,726 46,442 85,952 94,744 94,337 95,876 188,194 198,254 $ 258,869 $ 263,289 $ 524,662 $ 568,300 Operating Profit (Loss): Industrial $ 18,380 $ 16,728 $ 37,155 $ 37,283 Energy (1) (579 ) (136,766 ) 2,632 (126,673 ) Engineered Solutions (2) 1,816 (45,116 ) 2,571 (41,594 ) General Corporate (6,418 ) (6,961 ) (20,688 ) (15,760 ) $ 13,199 $ (172,115 ) $ 21,670 $ (146,744 ) (1) Energy segment operating profit (loss) includes an impairment charge of $140.9 million for the three and six months ended February 29, 2016 . (2) Engineered Solutions segment operating profit (loss) includes an impairment charge of $45.7 million for the three and six months ended February 29, 2016 . February 28, 2017 August 31, 2016 Assets by Segment: Industrial $ 310,197 $ 308,222 Energy 501,824 479,169 Engineered Solutions 490,814 493,840 General Corporate 124,199 157,429 $ 1,427,034 $ 1,438,660

Guarantor Subsidiaries (Tables)

Guarantor Subsidiaries (Tables)	6 Months Ended
	Feb. 28, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block]	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 34,953 $ 80,973 $ 142,943 $ — $ 258,869 Cost of products sold 10,049 61,821 99,673 — 171,543 Gross profit 24,904 19,152 43,270 — 87,326 Selling, administrative and engineering expenses 18,553 16,549 31,855 — 66,957 Amortization of intangible assets 318 2,918 1,833 — 5,069 Restructuring charges 372 441 1,288 — 2,101 Operating profit (loss) 5,661 (756 ) 8,294 — 13,199 Financing costs (income), net 7,430 — (96 ) — 7,334 Intercompany (income) expense, net (7,882 ) 11,242 (3,360 ) — — Intercompany dividends — (4,258 ) — 4,258 — Other (income) expense, net (48 ) (4 ) 643 — 591 Earnings (loss) before income taxes 6,161 (7,736 ) 11,107 (4,258 ) 5,274 Income tax expense (benefit) 151 (667 ) 716 — 200 Net earnings (loss) before equity in (loss) earnings of subsidiaries 6,010 (7,069 ) 10,391 (4,258 ) 5,074 Equity in earnings (loss) of subsidiaries (936 ) 8,057 (268 ) (6,853 ) — Net earnings $ 5,074 $ 988 $ 10,123 $ (11,111 ) $ 5,074 Comprehensive income $ 8,185 $ 1,324 $ 12,828 $ (14,152 ) $ 8,185 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 32,399 $ 84,099 $ 146,791 $ — $ 263,289 Cost of products sold 12,077 61,815 98,367 — 172,259 Gross profit 20,322 22,284 48,424 — 91,030 Selling, administrative and engineering expenses 17,117 17,309 32,746 — 67,172 Amortization of intangible assets 318 3,336 2,226 — 5,880 Restructuring charges 79 2,446 1,057 — 3,582 Impairment charges — 49,012 137,499 — 186,511 Operating profit (loss) 2,808 (49,819 ) (125,104 ) — (172,115 ) Financing costs (income), net 7,308 — (442 ) — 6,866 Intercompany (income) expense, net (5,465 ) (1,072 ) 6,537 — — Intercompany dividends — — (5,338 ) 5,338 — Other expense (income), net 200 (28 ) 63 — 235 Earnings (loss) before income taxes 765 (48,719 ) (125,924 ) (5,338 ) (179,216 ) Income tax benefit (1,648 ) (1,000 ) (17,378 ) — (20,026 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 2,413 (47,719 ) (108,546 ) (5,338 ) (159,190 ) Equity in (loss) earnings of subsidiaries (161,603 ) (97,943 ) 229 259,317 — Net loss $ (159,190 ) $ (145,662 ) $ (108,317 ) $ 253,979 $ (159,190 ) Comprehensive loss $ (173,341 ) $ (162,285 ) $ (106,174 ) $ 268,459 $ (173,341 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Six Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 66,682 $ 165,249 $ 292,731 $ — $ 524,662 Cost of products sold 17,143 123,237 203,889 — 344,269 Gross profit 49,539 42,012 88,842 — 180,393 Selling, administrative and engineering expenses 36,520 33,185 65,856 — 135,561 Amortization of intangible assets 636 5,994 3,700 — 10,330 Restructuring charges 727 1,164 3,157 — 5,048 Director & officer transition charges 7,784 — — — 7,784 Operating profit 3,872 1,669 16,129 — 21,670 Financing costs (income), net 14,756 — (289 ) — 14,467 Intercompany (income) expense, net (12,950 ) 10,156 2,794 — — Intercompany dividends — (59,401 ) — 59,401 — Other expense (income), net 2,037 (74 ) (2,001 ) — (38 ) Earnings before income taxes 29 50,988 15,625 (59,401 ) 7,241 Income tax (benefit) expense (2,563 ) (697 ) 462 — (2,798 ) Net earnings before equity in earnings of subsidiaries 2,592 51,685 15,163 (59,401 ) 10,039 Equity in earnings of subsidiaries 7,447 13,682 2,862 (23,991 ) — Net earnings $ 10,039 $ 65,367 $ 18,025 $ (83,392 ) $ 10,039 Comprehensive (loss) income $ (12,972 ) $ 47,616 $ 13,459 $ (61,075 ) $ (12,972 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Six Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 67,089 $ 185,040 $ 316,171 $ — $ 568,300 Cost of products sold 19,248 134,153 215,308 — 368,709 Gross profit 47,841 50,887 100,863 — 199,591 Selling, administrative and engineering expenses 36,877 35,839 67,367 — 140,083 Amortization of intangible assets 636 6,644 4,499 — 11,779 Restructuring charges 957 2,568 4,437 — 7,962 Impairment charges — 49,012 137,499 — 186,511 Operating profit (loss) 9,371 (43,176 ) (112,939 ) — (146,744 ) Financing costs (income), net 14,763 — (781 ) — 13,982 Intercompany (income) expense, net (11,294 ) (6,897 ) 18,191 — — Intercompany dividends — — (5,338 ) 5,338 — Other expense, net 603 31 221 — 855 Earnings (loss) before income taxes 5,299 (36,310 ) (125,232 ) (5,338 ) (161,581 ) Income tax (benefit) expense (1,057 ) 657 (17,439 ) — (17,839 ) Net earnings (loss) before equity in earnings (loss) of subsidiaries 6,356 (36,967 ) (107,793 ) (5,338 ) (143,742 ) Equity in (loss) earnings of subsidiaries (150,098 ) (95,069 ) 2,087 243,080 — Net loss $ (143,742 ) $ (132,036 ) $ (105,706 ) $ 237,742 $ (143,742 ) Comprehensive loss $ (178,827 ) $ (160,882 ) $ (112,155 ) $ 273,037 $ (178,827 )
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 6,509 $ — $ 165,381 $ — $ 171,890 Accounts receivable, net 16,364 48,848 136,702 — 201,914 Inventories, net 20,486 43,861 63,226 — 127,573 Other current assets 8,666 3,540 41,778 — 53,984 Total current assets 52,025 96,249 407,087 — 555,361 Property, plant and equipment, net 6,801 26,357 82,034 — 115,192 Goodwill 38,847 200,498 269,733 — 509,078 Other intangibles, net 8,793 143,763 73,003 — 225,559 Investment in subsidiaries 1,893,280 1,402,022 531,353 (3,826,655 ) — Intercompany receivable — 700,169 191,146 (891,315 ) — Other long-term assets 5,430 10 16,404 — 21,844 Total assets $ 2,005,176 $ 2,569,068 $ 1,570,760 $ (4,717,970 ) $ 1,427,034 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 12,838 $ 22,627 $ 89,484 $ — $ 124,949 Accrued compensation and benefits 15,032 4,886 22,445 — 42,363 Current maturities of debt and short-term borrowings 26,250 — — — 26,250 Income taxes payable 1,113 — — — 1,113 Other current liabilities 16,710 5,038 27,481 — 49,229 Total current liabilities 71,943 32,551 139,410 — 243,904 Long-term debt, net 547,058 — — — 547,058 Deferred income taxes 21,503 — 9,534 — 31,037 Pension and postretirement benefit liabilities 15,863 — 8,279 — 24,142 Other long-term liabilities 47,024 417 8,443 — 55,884 Intercompany payable 776,776 — 114,539 (891,315 ) — Shareholders’ equity 525,009 2,536,100 1,290,555 (3,826,655 ) 525,009 Total liabilities and shareholders’ equity $ 2,005,176 $ 2,569,068 $ 1,570,760 $ (4,717,970 ) $ 1,427,034 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 7,953 $ 71 $ 171,580 $ — $ 179,604 Accounts receivable, net 13,692 41,715 131,422 — 186,829 Inventories, net 19,897 44,283 66,576 — 130,756 Other current assets 7,754 3,858 33,851 — 45,463 Total current assets 49,296 89,927 403,429 — 542,652 Property, plant and equipment, net 5,927 23,511 84,577 — 114,015 Goodwill 38,847 200,499 279,930 — 519,276 Other intangibles, net 9,429 149,757 80,289 — 239,475 Investment in subsidiaries 1,915,367 578,423 465,736 (2,959,526 ) — Intercompany receivable — 1,159,672 — (1,159,672 ) — Other long-term assets 5,702 10 17,530 — 23,242 Total assets $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,529 $ 20,669 $ 82,853 $ — $ 115,051 Accrued compensation and benefits 17,506 5,754 23,641 — 46,901 Current maturities of debt and short-term borrowings 18,750 — — — 18,750 Income taxes payable 1,886 — 7,368 — 9,254 Other current liabilities 20,459 6,989 24,508 — 51,956 Total current liabilities 70,130 33,412 138,370 — 241,912 Long-term debt, net 561,681 — — — 561,681 Deferred income taxes 30,666 — 690 — 31,356 Pension and postretirement benefit liabilities 16,803 — 8,864 — 25,667 Other long-term liabilities 47,739 588 8,767 — 57,094 Intercompany payable 776,599 — 383,073 (1,159,672 ) — Shareholders’ equity 520,950 2,167,799 791,727 (2,959,526 ) 520,950 Total liabilities and shareholders’ equity $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Six Months Ended February 28, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash provided by operating activities $ 58,626 $ 5,902 $ 8,906 $ (59,401 ) $ 14,033 Investing Activities Capital expenditures (2,156 ) (6,108 ) (6,431 ) — (14,695 ) Proceeds from sale of property, plant and equipment — 135 109 — 244 Cash used in investing activities (2,156 ) (5,973 ) (6,322 ) — (14,451 ) Financing Activities Principal repayments on term loan (7,500 ) — — — (7,500 ) Taxes paid related to the net share settlement of equity awards (920 ) — — — (920 ) Stock option exercises, related tax benefits and other 6,598 — — — 6,598 Cash dividend (2,358 ) — (59,401 ) 59,401 (2,358 ) Intercompany loan activity (53,734 ) — 53,734 — — Cash used in financing activities (57,914 ) — (5,667 ) 59,401 (4,180 ) Effect of exchange rate changes on cash — — (3,116 ) — (3,116 ) Net decrease in cash and cash equivalents (1,444 ) (71 ) (6,199 ) — (7,714 ) Cash and cash equivalents—beginning of period 7,953 71 171,580 — 179,604 Cash and cash equivalents—end of period $ 6,509 $ — $ 165,381 $ — $ 171,890 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Six Months Ended February 29, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (1,531 ) $ 5,293 $ 30,439 $ (5,338 ) $ 28,863 Investing Activities Capital expenditures (339 ) (3,194 ) (7,471 ) — (11,004 ) Proceeds from sale of property, plant and equipment 13 2,672 1,951 — 4,636 Business acquisitions, net of cash acquired — — (15,026 ) — (15,026 ) Cash used in investing activities (326 ) (522 ) (20,546 ) — (21,394 ) Financing Activities Net repayments on revolver and other debt — — (210 ) — (210 ) Purchase of treasury shares (9,352 ) — — — (9,352 ) Taxes paid related to the net share settlement of equity awards (1,332 ) — — — (1,332 ) Stock option exercises, related tax benefits and other 2,245 — — — 2,245 Cash dividend (2,376 ) (5,338 ) — 5,338 (2,376 ) Intercompany loan activity 464 — (464 ) — — Cash used in financing activities (10,351 ) (5,338 ) (674 ) 5,338 (11,025 ) Effect of exchange rate changes on cash — — (10,619 ) — (10,619 ) Net decrease in cash and cash equivalents (12,208 ) (567 ) (1,400 ) — (14,175 ) Cash and cash equivalents—beginning of period 18,688 567 149,591 — 168,846 Cash and cash equivalents—end of period $ 6,480 $ — $ 148,191 $ — $ 154,671

Basis of Presentation Basis o33

Basis of Presentation Basis of Presentation (Details) $ in Thousands	Aug. 31, 2016USD ($)
Accounting Policies [Abstract]
Deferred Finance Costs, Net	$ (3,878)

Director & Officer Transition34

Director & Officer Transition Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Compensation Related Costs [Abstract]
Director & officer transition charges	$ 0	$ 0	$ 7,784	$ 0

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Restructuring Reserve [Roll Forward]
Beginning Balance			$ 6,273	$ 0
Restructuring Charges	$ 2,101	$ 3,582	5,048	7,962
Cash payments			(4,762)	1,894
Other non-cash uses of reserve			(504)	(166)
Impact of changes in foreign currency rates			15	(28)
Ending Balance	6,070	5,874	6,070	5,874
Industrial
Restructuring Reserve [Roll Forward]
Beginning Balance			1,343	0
Restructuring Charges			1,372	984
Cash payments			(1,394)	(361)
Other non-cash uses of reserve			(438)	0
Impact of changes in foreign currency rates			(21)	0
Ending Balance	862	623	862	623
Energy
Restructuring Reserve [Roll Forward]
Beginning Balance			3,021	0
Restructuring Charges			48	3,308
Cash payments			(973)	(256)
Other non-cash uses of reserve			(14)	(29)
Impact of changes in foreign currency rates			44	(39)
Ending Balance	2,126	2,984	2,126	2,984
Engineered Solutions
Restructuring Reserve [Roll Forward]
Beginning Balance			1,863	0
Restructuring Charges			3,546	3,412
Cash payments			(2,312)	(1,120)
Other non-cash uses of reserve			(16)	(136)
Impact of changes in foreign currency rates			(8)	11
Ending Balance	3,073	2,167	3,073	2,167
General Corporate
Restructuring Reserve [Roll Forward]
Beginning Balance			46	0
Restructuring Charges			82	258
Cash payments			(83)	(157)
Other non-cash uses of reserve			(36)	(1)
Impact of changes in foreign currency rates			0	0
Ending Balance	$ 9	$ 100	$ 9	$ 100

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details) $ in Thousands	Mar. 31, 2016USD ($)	Feb. 18, 2016USD ($)	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Aug. 31, 2016acquisition	Mar. 30, 2016USD ($)	Feb. 17, 2016USD ($)
Business Acquisition [Line Items]
Document Period End Date					Feb. 28, 2017
Number of Businesses Acquired | acquisition							2
Payments to Acquire Businesses, Net of Cash Acquired					$ 0	$ 15,026
Goodwill, Purchase Accounting Adjustments					2,261
Business Combination, Acquisition Related Costs				$ 700		1,300
Net sales			$ 258,869	263,289	524,662	568,300
Business Acquisition, Pro Forma Revenue			258,869	$ 275,115	524,662	$ 591,009
Larzep
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition		Feb. 17, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									$ 4,800
Business acquisitions		$ 9,700
Payments to Acquire Businesses, Net of Cash Acquired		$ 15,900
Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Mar. 30, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								$ 8,700
Business acquisitions	$ 38,600
Payments to Acquire Businesses, Net of Cash Acquired	65,500
Goodwill, Purchase Accounting Adjustments	$ 2,300
Fiscal 2016 acquisitions [Member]
Business Acquisition [Line Items]
Net sales			$ 8,400		$ 17,700
Tradenames | Larzep
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									1,200
Customer relationships | Larzep
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill									$ 3,600
Customer relationships | Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								8,000
Noncompete Agreements [Member] | Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								$ 700

Divestiture Activities (Details

Divestiture Activities (Details) - Sanlo [Member] - USD ($) $ in Millions	Aug. 25, 2016	Feb. 29, 2016	Feb. 29, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Aug. 25, 2016
Proceeds from Divestiture of Businesses	$ 9.7
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	(5.1)
Disposal Group, Not Discontinued Operations, Gain (Loss) on Disposal - net of tax	$ 1.6
Disposal Group, Not Discontinued Operation, annual revenue		$ 2.5	$ 5.5

Changes in Carrying Value of Go

Changes in Carrying Value of Goodwill (Details) $ in Thousands	6 Months Ended
	Feb. 28, 2017USD ($)
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	$ 2,261
Balance as of August 31, 2016	519,276
Impact of changes in foreign currency rates	(12,459)
Balance as of February 28, 2017	509,078
Industrial
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	(59)
Balance as of August 31, 2016	101,739
Impact of changes in foreign currency rates	(1,812)
Balance as of February 28, 2017	99,868
Energy
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	2,320
Balance as of August 31, 2016	187,321
Impact of changes in foreign currency rates	(4,947)
Balance as of February 28, 2017	184,694
Engineered Solutions
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	0
Balance as of August 31, 2016	230,216
Impact of changes in foreign currency rates	(5,700)
Balance as of February 28, 2017	$ 224,516

Gross Carrying Amount and Accum

Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Feb. 28, 2017	Aug. 31, 2016
Indefinite And Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 209,353	$ 202,311
Other intangibles, gross	434,912	441,786
Other intangibles, net	225,559	239,475
Tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 89,630	90,909
Customer relationships
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Carrying Value	$ 287,584	292,671
Accumulated Amortization	171,853	166,252
Net Book Value	$ 115,731	126,419
Patents
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	11 years
Gross Carrying Value	$ 29,992	30,296
Accumulated Amortization	23,047	22,233
Net Book Value	$ 6,945	8,063
Trademarks and tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	18 years
Gross Carrying Value	$ 21,200	21,283
Accumulated Amortization	8,503	7,936
Net Book Value	$ 12,697	13,347
Other intangibles
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	3 years
Gross Carrying Value	$ 6,506	6,627
Accumulated Amortization	5,950	5,890
Net Book Value	$ 556	$ 737

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016	Aug. 31, 2016
Impaired Assets [Line Items]
Goodwill, Impairment Loss				$ 118,122
Goodwill	$ 509,078		$ 509,078		$ 519,276
Asset Impairment Charges	0	$ 186,511	0	186,511
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				16,653
Impairment of Intangible Assets, Finite-lived				27,952
Tangible Asset Impairment Charges				23,784
Future Amortization Expense, Remainder of 2017	10,000		10,000
Future Amortization Expense, 2018	19,900		19,900
Future Amortization Expense, 2019	19,300		19,300
Future Amortization Expense, 2020	18,700		18,700
Future Amortization Expense, 2021	17,800		17,800
Future Amortization Expense, 2022	15,800		15,800
Future Amortization Expense, Thereafter	34,400		34,400
Energy
Impaired Assets [Line Items]
Goodwill	184,694		184,694		187,321
Asset Impairment Charges		140,900		140,900
Engineered Solutions
Impaired Assets [Line Items]
Goodwill	$ 224,516		$ 224,516		$ 230,216
Asset Impairment Charges		$ 45,700		45,700
Cortland [Domain]
Impaired Assets [Line Items]
Goodwill, Impairment Loss				34,502
Asset Impairment Charges				36,713
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				2,211
Impairment of Intangible Assets, Finite-lived				0
Tangible Asset Impairment Charges				0
Viking [Domain]
Impaired Assets [Line Items]
Goodwill, Impairment Loss				39,099
Asset Impairment Charges				104,124
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				13,289
Impairment of Intangible Assets, Finite-lived				27,952
Tangible Asset Impairment Charges				23,784
maximatecc [Domain]
Impaired Assets [Line Items]
Goodwill, Impairment Loss				44,521
Asset Impairment Charges				45,674
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				1,153
Impairment of Intangible Assets, Finite-lived				0
Tangible Asset Impairment Charges				$ 0

Rollforward of Accrued Product

Rollforward of Accrued Product Warranty Reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 5,592	$ 3,718
Provision for warranties	1,482	2,096
Warranty payments and costs incurred	(3,096)	(2,297)
Impact of changes in foreign currency rates	(101)	(66)
Ending balance	$ 3,877	$ 3,451

Long-Term Indebtedness (Details

Long-Term Indebtedness (Details) - USD ($) $ in Thousands	Feb. 28, 2017	Aug. 31, 2016
Debt Instrument [Line Items]
Total Senior Indebtedness	$ 576,809	$ 584,309
Less: Current maturities of long-term debt	(26,250)	(18,750)
Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Net	(3,501)
Line of Credit
Debt Instrument [Line Items]
Total Senior Indebtedness	288,750	296,250
Line of Credit | Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Total Senior Indebtedness	0	0
Line of Credit | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Total Senior Indebtedness	288,750	296,250
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Senior Notes, Noncurrent	$ 288,100	$ 288,059

Debt - Additional Information (

Debt - Additional Information (Details)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Apr. 16, 2012USD ($)	Feb. 28, 2017USD ($)
Debt Instrument [Line Items]
Senior credit facility expansion option, available				$ 450,000,000
Debt Instrument, actual interest rate				2.75%
Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				2.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				May 8, 2020
Maximum borrowing capacity				$ 600,000,000
Line of Credit | Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Unused credit line				595,600,000
Unused credit line Available for Borrowing, Amount				$ 96,700,000
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				Jun. 15, 2022
Debt Instrument, Face Amount			$ 300,000,000
Debt instrument, interest rate			5.625%
Minimum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.15%
Interest coverage ratio				3.5
Minimum | Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				1.00%
Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				0.00%
Minimum | Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage			100.00%
Maximum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.35%
Leverage ratio				3.75
Maximum | Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				2.25%
Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				1.25%
Maximum | Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage			102.80%
Starting on June 30, 2016 | Scenario, Actual [Member] | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan		$ 3,800,000
Starting on June 30, 2017 | Scenario, Forecast | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan	$ 7,500,000

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($) $ in Millions	Feb. 28, 2017	Aug. 31, 2016
Senior Notes | 5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 296.7	$ 299.6

Derivatives Narrative (Details)

Derivatives Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016	Aug. 31, 2016
Derivative [Line Items]
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives and Not Designated as Hedging Instruments at Fair Value	$ (474)	$ 1,062	$ (1,966)	$ (634)
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 38,700		$ 38,700		$ 143,400

Capital Stock and Share Repur46

Capital Stock and Share Repurchase Share Repurchase (Details) - USD ($) $ in Millions	Feb. 28, 2017	Aug. 31, 2016
Equity [Abstract]
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	7,560,566
Treasury Stock, Shares	20,439,434	20,439,434
Stock Repurchase Program, Authorized Amount	$ 617.7

Capital Stock (Details)

Capital Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Earnings Per Share [Abstract]
Net earnings (loss)	$ 5,074	$ (159,190)	$ 10,039	$ (143,742)
Weighted average common shares outstanding - basic	59,368	58,991	59,170	59,089
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	778	0	711	0
Diluted	60,146	58,991	59,881	59,089
Basic	$ 0.09	$ (2.70)	$ 0.17	$ (2.43)
Diluted	$ 0.08	$ (2.70)	$ 0.17	$ (2.43)
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	2,011	5,146	1,987	5,146

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Income Tax Disclosure Additional Details [Table] [Line Items]
Asset Impairment Charges	$ 0	$ 186,511	$ 0	$ 186,511
Asset Impairment Charge Net of Income Tax Benefit				169,100
Earnings (loss) before income taxes	5,274	(179,216)	7,241	(161,581)
Income tax expense (benefit)	$ 200	$ (20,026)	$ (2,798)	$ (17,839)
Effective Income Tax Rate Reconciliation, Percent	3.80%	11.20%	(38.60%)	11.00%
Document Period End Date			Feb. 28, 2017
Adjusted Effective Tax Rate	3.80%	(35.60%)	(38.60%)	(1.60%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent			21.20%	19.60%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent			19.40%	10.10%
Foreign Destination [Member]
Income Tax Disclosure Additional Details [Table] [Line Items]
Percent of Revenue (excluding impairment charge) from foreign jurisdictions			85.00%	85.00%

Summary of Financial Informatio

Summary of Financial Information by Reportable Segment and Product Line (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017USD ($)	Feb. 29, 2016USD ($)	Feb. 28, 2017USD ($)Segment	Feb. 29, 2016USD ($)	Aug. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Asset Impairment Charges	$ 0	$ 186,511	$ 0	$ 186,511
Number of reportable segments | Segment			3
Net sales	258,869	263,289	$ 524,662	568,300
Operating profit (Loss)	13,199	(172,115)	21,670	(146,744)
Assets	1,427,034		1,427,034		$ 1,438,660
Industrial Tools [Member]
Segment Reporting Information [Line Items]
Net sales	78,679	72,095	157,718	151,828
Industrial
Segment Reporting Information [Line Items]
Net sales	91,648	81,188	178,938	170,059
Operating profit (Loss)	18,380	16,728	37,155	37,283
Assets	310,197		310,197		308,222
Heavy Lifting Technology [Member]
Segment Reporting Information [Line Items]
Net sales	12,969	9,093	21,220	18,231
Energy
Segment Reporting Information [Line Items]
Asset Impairment Charges		140,900		140,900
Net sales	72,884	86,225	157,530	199,987
Operating profit (Loss)	(579)	(136,766)	2,632	(126,673)
Assets	501,824		501,824		479,169
Energy Maintenance & Integrity
Segment Reporting Information [Line Items]
Net sales	51,590	58,551	116,411	137,385
Other Energy Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	21,294	27,674	41,119	62,602
Engineered Solutions
Segment Reporting Information [Line Items]
Asset Impairment Charges		45,700		45,700
Net sales	94,337	95,876	188,194	198,254
Operating profit (Loss)	1,816	(45,116)	2,571	(41,594)
Assets	490,814		490,814		493,840
On-Highway
Segment Reporting Information [Line Items]
Net sales	50,611	49,434	102,242	103,510
Agriculture, Off-Highway and Other
Segment Reporting Information [Line Items]
Net sales	43,726	46,442	85,952	94,744
General Corporate
Segment Reporting Information [Line Items]
Operating profit (Loss)	(6,418)	$ (6,961)	(20,688)	$ (15,760)
Assets	$ 124,199		$ 124,199		$ 157,429

Contingencies and Litigation -

Contingencies and Litigation - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Feb. 28, 2017	Aug. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 16.6	$ 17.8
Document Period End Date	Feb. 28, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discounted present value of future minimum lease payments	$ 14.1
Electrical [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discounted present value of future minimum lease payments	$ 11.3

Guarantor Subsidiaries - Additi

Guarantor Subsidiaries - Additional Information (Details) - 5.625% Senior Notes - Senior Notes - USD ($)	Feb. 28, 2017	Aug. 31, 2016	Apr. 16, 2012
Guarantor Obligations [Line Items]
Debt Instrument, Face Amount			$ 300,000,000
Senior Notes, Noncurrent	$ 288,100,000	$ 288,059,000
Debt instrument, interest rate			5.625%

Condensed Consolidating Stateme

Condensed Consolidating Statements of Earnings and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016	Feb. 28, 2017	Feb. 29, 2016
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 258,869	$ 263,289	$ 524,662	$ 568,300
Cost of products sold	171,543	172,259	344,269	368,709
Gross profit	87,326	91,030	180,393	199,591
Selling, administrative and engineering expenses	66,957	67,172	135,561	140,083
Amortization of intangible assets	5,069	5,880	10,330	11,779
Restructuring Charges	2,101	3,582	5,048	7,962
Asset Impairment Charges	0	186,511	0	186,511
Director & officer transition charges	0	0	7,784	0
Operating profit (loss)	13,199	(172,115)	21,670	(146,744)
Financing costs, net	7,334	6,866	14,467	13,982
Intercompany (income) expense, net	0	0	0	0
Intercompany Dividends	0	0	0	0
Other expense (income), net	591	235	(38)	855
Earnings (loss) before income taxes	5,274	(179,216)	7,241	(161,581)
Income tax expense (benefit)	200	(20,026)	(2,798)	(17,839)
Net earnings (loss) before equity in (loss) earnings of subsidiaries	5,074	(159,190)	10,039	(143,742)
Equity in earnings (loss) of subsidiaries	0	0	0	0
Net earnings (loss)	5,074	(159,190)	10,039	(143,742)
Comprehensive income (loss)	8,185	(173,341)	(12,972)	(178,827)
Reportable Legal Entities | Parent
Condensed Financial Statements, Captions [Line Items]
Net sales	34,953	32,399	66,682	67,089
Cost of products sold	10,049	12,077	17,143	19,248
Gross profit	24,904	20,322	49,539	47,841
Selling, administrative and engineering expenses	18,553	17,117	36,520	36,877
Amortization of intangible assets	318	318	636	636
Restructuring Charges	372	79	727	957
Asset Impairment Charges		0		0
Director & officer transition charges			7,784
Operating profit (loss)	5,661	2,808	3,872	9,371
Financing costs, net	7,430	7,308	14,756	14,763
Intercompany (income) expense, net	(7,882)	(5,465)	(12,950)	(11,294)
Intercompany Dividends	0	0	0	0
Other expense (income), net	(48)	200	2,037	603
Earnings (loss) before income taxes	6,161	765	29	5,299
Income tax expense (benefit)	151	(1,648)	(2,563)	(1,057)
Net earnings (loss) before equity in (loss) earnings of subsidiaries	6,010	2,413	2,592	6,356
Equity in earnings (loss) of subsidiaries	(936)	(161,603)	7,447	(150,098)
Net earnings (loss)	5,074	(159,190)	10,039	(143,742)
Comprehensive income (loss)	8,185	(173,341)	(12,972)	(178,827)
Reportable Legal Entities | Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	80,973	84,099	165,249	185,040
Cost of products sold	61,821	61,815	123,237	134,153
Gross profit	19,152	22,284	42,012	50,887
Selling, administrative and engineering expenses	16,549	17,309	33,185	35,839
Amortization of intangible assets	2,918	3,336	5,994	6,644
Restructuring Charges	441	2,446	1,164	2,568
Asset Impairment Charges		49,012		49,012
Director & officer transition charges			0
Operating profit (loss)	(756)	(49,819)	1,669	(43,176)
Financing costs, net	0	0	0	0
Intercompany (income) expense, net	11,242	(1,072)	10,156	(6,897)
Intercompany Dividends	(4,258)	0	(59,401)	0
Other expense (income), net	(4)	(28)	(74)	31
Earnings (loss) before income taxes	(7,736)	(48,719)	50,988	(36,310)
Income tax expense (benefit)	(667)	(1,000)	(697)	657
Net earnings (loss) before equity in (loss) earnings of subsidiaries	(7,069)	(47,719)	51,685	(36,967)
Equity in earnings (loss) of subsidiaries	8,057	(97,943)	13,682	(95,069)
Net earnings (loss)	988	(145,662)	65,367	(132,036)
Comprehensive income (loss)	1,324	(162,285)	47,616	(160,882)
Reportable Legal Entities | Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	142,943	146,791	292,731	316,171
Cost of products sold	99,673	98,367	203,889	215,308
Gross profit	43,270	48,424	88,842	100,863
Selling, administrative and engineering expenses	31,855	32,746	65,856	67,367
Amortization of intangible assets	1,833	2,226	3,700	4,499
Restructuring Charges	1,288	1,057	3,157	4,437
Asset Impairment Charges		137,499		137,499
Director & officer transition charges			0
Operating profit (loss)	8,294	(125,104)	16,129	(112,939)
Financing costs, net	(96)	(442)	(289)	(781)
Intercompany (income) expense, net	(3,360)	6,537	2,794	18,191
Intercompany Dividends	0	(5,338)	0	(5,338)
Other expense (income), net	643	63	(2,001)	221
Earnings (loss) before income taxes	11,107	(125,924)	15,625	(125,232)
Income tax expense (benefit)	716	(17,378)	462	(17,439)
Net earnings (loss) before equity in (loss) earnings of subsidiaries	10,391	(108,546)	15,163	(107,793)
Equity in earnings (loss) of subsidiaries	(268)	229	2,862	2,087
Net earnings (loss)	10,123	(108,317)	18,025	(105,706)
Comprehensive income (loss)	12,828	(106,174)	13,459	(112,155)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0	0
Cost of products sold	0	0	0	0
Gross profit	0	0	0	0
Selling, administrative and engineering expenses	0	0	0	0
Amortization of intangible assets	0	0	0	0
Restructuring Charges	0	0	0	0
Asset Impairment Charges		0		0
Director & officer transition charges			0
Operating profit (loss)	0	0	0	0
Financing costs, net	0	0	0	0
Intercompany (income) expense, net	0	0	0	0
Intercompany Dividends	4,258	5,338	59,401	5,338
Other expense (income), net	0	0	0	0
Earnings (loss) before income taxes	(4,258)	(5,338)	(59,401)	(5,338)
Income tax expense (benefit)	0	0	0	0
Net earnings (loss) before equity in (loss) earnings of subsidiaries	(4,258)	(5,338)	(59,401)	(5,338)
Equity in earnings (loss) of subsidiaries	(6,853)	259,317	(23,991)	243,080
Net earnings (loss)	(11,111)	253,979	(83,392)	237,742
Comprehensive income (loss)	$ (14,152)	$ 268,459	$ (61,075)	$ 273,037

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Feb. 28, 2017	Aug. 31, 2016	Feb. 29, 2016	Aug. 31, 2015
Current assets
Cash and cash equivalents	$ 171,890	$ 179,604	$ 154,671	$ 168,846
Accounts receivable, net	201,914	186,829
Inventories, net	127,573	130,756
Other current assets	53,984	45,463
Total current assets	555,361	542,652
Property, plant and equipment, net	115,192	114,015
Goodwill	509,078	519,276
Other intangibles, net	225,559	239,475
Investment in subsidiaries	0	0
Intercompany receivable	0	0
Other long-term assets	21,844	23,242
Total assets	1,427,034	1,438,660
Current liabilities
Trade accounts payable	124,949	115,051
Accrued compensation and benefits	42,363	46,901
Current maturities of debt and short-term borrowings	26,250	18,750
Income taxes payable	1,113	9,254
Other current liabilities	49,229	51,956
Total current liabilities	243,904	241,912
Long-term debt, less current maturities	547,058	561,681
Deferred income taxes	31,037	31,356
Pension and postretirement benefit liabilities	24,142	25,667
Other long-term liabilities	55,884	57,094
Intercompany payable	0	0
Shareholders’ equity	525,009	520,950
Total liabilities and shareholders’ equity	1,427,034	1,438,660
Reportable Legal Entities | Parent
Current assets
Cash and cash equivalents	6,509	7,953	6,480	18,688
Accounts receivable, net	16,364	13,692
Inventories, net	20,486	19,897
Other current assets	8,666	7,754
Total current assets	52,025	49,296
Property, plant and equipment, net	6,801	5,927
Goodwill	38,847	38,847
Other intangibles, net	8,793	9,429
Investment in subsidiaries	1,893,280	1,915,367
Intercompany receivable	0	0
Other long-term assets	5,430	5,702
Total assets	2,005,176	2,024,568
Current liabilities
Trade accounts payable	12,838	11,529
Accrued compensation and benefits	15,032	17,506
Current maturities of debt and short-term borrowings	26,250	18,750
Income taxes payable	1,113	1,886
Other current liabilities	16,710	20,459
Total current liabilities	71,943	70,130
Long-term debt, less current maturities	547,058	561,681
Deferred income taxes	21,503	30,666
Pension and postretirement benefit liabilities	15,863	16,803
Other long-term liabilities	47,024	47,739
Intercompany payable	776,776	776,599
Shareholders’ equity	525,009	520,950
Total liabilities and shareholders’ equity	2,005,176	2,024,568
Reportable Legal Entities | Guarantors
Current assets
Cash and cash equivalents	0	71	0	567
Accounts receivable, net	48,848	41,715
Inventories, net	43,861	44,283
Other current assets	3,540	3,858
Total current assets	96,249	89,927
Property, plant and equipment, net	26,357	23,511
Goodwill	200,498	200,499
Other intangibles, net	143,763	149,757
Investment in subsidiaries	1,402,022	578,423
Intercompany receivable	700,169	1,159,672
Other long-term assets	10	10
Total assets	2,569,068	2,201,799
Current liabilities
Trade accounts payable	22,627	20,669
Accrued compensation and benefits	4,886	5,754
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	0
Other current liabilities	5,038	6,989
Total current liabilities	32,551	33,412
Long-term debt, less current maturities	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	417	588
Intercompany payable	0	0
Shareholders’ equity	2,536,100	2,167,799
Total liabilities and shareholders’ equity	2,569,068	2,201,799
Reportable Legal Entities | Non-Guarantors
Current assets
Cash and cash equivalents	165,381	171,580	148,191	149,591
Accounts receivable, net	136,702	131,422
Inventories, net	63,226	66,576
Other current assets	41,778	33,851
Total current assets	407,087	403,429
Property, plant and equipment, net	82,034	84,577
Goodwill	269,733	279,930
Other intangibles, net	73,003	80,289
Investment in subsidiaries	531,353	465,736
Intercompany receivable	191,146	0
Other long-term assets	16,404	17,530
Total assets	1,570,760	1,331,491
Current liabilities
Trade accounts payable	89,484	82,853
Accrued compensation and benefits	22,445	23,641
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	7,368
Other current liabilities	27,481	24,508
Total current liabilities	139,410	138,370
Long-term debt, less current maturities	0	0
Deferred income taxes	9,534	690
Pension and postretirement benefit liabilities	8,279	8,864
Other long-term liabilities	8,443	8,767
Intercompany payable	114,539	383,073
Shareholders’ equity	1,290,555	791,727
Total liabilities and shareholders’ equity	1,570,760	1,331,491
Eliminations
Current assets
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Goodwill	0
Other intangibles, net	0	0
Investment in subsidiaries	(3,826,655)	(2,959,526)
Intercompany receivable	(891,315)	(1,159,672)
Other long-term assets	0	0
Total assets	(4,717,970)	(4,119,198)
Current liabilities
Trade accounts payable	0	0
Accrued compensation and benefits	0	0
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt, less current maturities	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	0	0
Intercompany payable	(891,315)	(1,159,672)
Shareholders’ equity	(3,826,655)	(2,959,526)
Total liabilities and shareholders’ equity	$ (4,717,970)	$ (4,119,198)

Condensed Consolidating State54

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Feb. 28, 2017	Feb. 29, 2016
Operating Activities
Net cash provided by operating activities	$ 14,033	$ 28,863
Investing Activities
Proceeds from sale of property, plant and equipment	(14,695)	(11,004)
Proceeds from sale of property, plant and equipment	244	4,636
Business acquisitions, net of cash acquired	0	(15,026)
Cash used in investing activities	(14,451)	(21,394)
Financing Activities
Net borrowings (repayment) on debt	(7,500)
Purchase of treasury shares	0	(9,352)
Taxes paid related to the net share settlement of equity awards	(920)	(1,332)
Stock option exercises, related tax benefits and other	6,598	2,245
Cash dividend	(2,358)	(2,376)
Intercompany Loan Activity	0	0
Cash used in financing activities	(4,180)	(11,025)
Effect of exchange rate changes on cash	(3,116)	(10,619)
Net decrease in cash and cash equivalents	(7,714)	(14,175)
Cash and cash equivalents – beginning of period	179,604	168,846
Cash and cash equivalents – end of period	171,890	154,671
Line of Credit | Senior Credit Facility - Revolver
Financing Activities
Net borrowings (repayment) on debt	0	(210)
Line of Credit | Senior Credit Facility - Term Loan
Financing Activities
Net borrowings (repayment) on debt	(7,500)	0
Reportable Legal Entities | Parent
Operating Activities
Net cash provided by operating activities	58,626	(1,531)
Investing Activities
Proceeds from sale of property, plant and equipment	(2,156)	(339)
Proceeds from sale of property, plant and equipment	0	13
Business acquisitions, net of cash acquired		0
Cash used in investing activities	(2,156)	(326)
Financing Activities
Net borrowings (repayment) on debt	(7,500)	0
Purchase of treasury shares		(9,352)
Taxes paid related to the net share settlement of equity awards	(920)	(1,332)
Stock option exercises, related tax benefits and other	6,598	2,245
Cash dividend	(2,358)	(2,376)
Intercompany Loan Activity	(53,734)	464
Cash used in financing activities	(57,914)	(10,351)
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	(1,444)	(12,208)
Cash and cash equivalents – beginning of period	7,953	18,688
Cash and cash equivalents – end of period	6,509	6,480
Reportable Legal Entities | Guarantors
Operating Activities
Net cash provided by operating activities	5,902	5,293
Investing Activities
Proceeds from sale of property, plant and equipment	(6,108)	(3,194)
Proceeds from sale of property, plant and equipment	135	2,672
Business acquisitions, net of cash acquired		0
Cash used in investing activities	(5,973)	(522)
Financing Activities
Net borrowings (repayment) on debt	0	0
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	0	(5,338)
Intercompany Loan Activity	0	0
Cash used in financing activities	0	(5,338)
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	(71)	(567)
Cash and cash equivalents – beginning of period	71	567
Cash and cash equivalents – end of period	0	0
Reportable Legal Entities | Non-Guarantors
Operating Activities
Net cash provided by operating activities	8,906	30,439
Investing Activities
Proceeds from sale of property, plant and equipment	(6,431)	(7,471)
Proceeds from sale of property, plant and equipment	109	1,951
Business acquisitions, net of cash acquired		(15,026)
Cash used in investing activities	(6,322)	(20,546)
Financing Activities
Net borrowings (repayment) on debt	0
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	(59,401)	0
Intercompany Loan Activity	53,734	(464)
Cash used in financing activities	(5,667)	(674)
Effect of exchange rate changes on cash	(3,116)	(10,619)
Net decrease in cash and cash equivalents	(6,199)	(1,400)
Cash and cash equivalents – beginning of period	171,580	149,591
Cash and cash equivalents – end of period	165,381	148,191
Reportable Legal Entities | Non-Guarantors | Line of Credit | Senior Credit Facility - Revolver
Financing Activities
Net borrowings (repayment) on debt		(210)
Eliminations
Operating Activities
Net cash provided by operating activities	(59,401)	(5,338)
Investing Activities
Proceeds from sale of property, plant and equipment	0	0
Proceeds from sale of property, plant and equipment	0	0
Business acquisitions, net of cash acquired		0
Cash used in investing activities	0	0
Financing Activities
Net borrowings (repayment) on debt	0	0
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	59,401	5,338
Intercompany Loan Activity	0	0
Cash used in financing activities	59,401	5,338
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	0	0
Cash and cash equivalents – beginning of period	0	0
Cash and cash equivalents – end of period	$ 0	$ 0