Enerpac Tool (EPAC) 10-Q4 Jan 192019 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - $ / shares	3 Months Ended
Document and Entity Information - $ / shares	Nov. 30, 2018	Dec. 31, 2018	Aug. 31, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
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		61,124,834
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	81,502,916		81,423,584

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 292,531	$ 288,955
Cost of products sold	187,523	188,044
Gross profit	105,008	100,911
Selling, administrative and engineering expenses	73,192	74,478
Amortization of intangible assets	4,278	5,131
Restructuring Charges	403	6,629
Impairment & divestiture charges	36,453	0
Operating (loss) profit	(9,318)	14,673
Financing costs, net	7,295	7,514
Other expense, net	911	329
(Loss) earnings before income tax (benefit) expense	(17,524)	6,830
Income tax (benefit) expense	(72)	1,604
Net (loss) earnings	$ (17,452)	$ 5,226
(Loss) earnings per share
Basic	$ (0.29)	$ 0.09
Diluted	$ (0.29)	$ 0.09
Weighted average common shares outstanding
Basic	61,031	59,871
Diluted	61,031	60,609
FY19 Held for Sale Entities [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges	$ 36,453

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Condensed Statement of Income Captions [Line Items]
Net (loss) earnings	$ (17,452)	$ 5,226
Other comprehensive (loss) income, net of tax
Foreign currency translation adjustments	(8,176)	2,898
Pension and other postretirement benefit plans	232	127
Total other comprehensive (loss) income, net of tax	(7,944)	3,025
Comprehensive (loss) income	$ (25,396)	$ 8,251

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Current assets
Cash and cash equivalents	$ 203,443	$ 250,490
Accounts receivable, net	191,190	187,749
Inventories, net	154,764	156,356
Other current assets	51,745	42,732
Assets Held-for-Sale	106,193	23,573
Total current assets	707,335	660,900
Property, plant and equipment
Land, buildings and improvements	41,177	47,468
Machinery and equipment	209,278	229,445
Gross property, plant and equipment	250,455	276,913
Less: Accumulated depreciation	(171,295)	(186,693)
Property, plant and equipment, net	79,160	90,220
Goodwill	477,360	512,412
Other intangibles, net	152,719	181,037
Other long-term assets	33,459	36,769
Total assets	1,450,033	1,481,338
Current liabilities
Trade accounts payable	124,067	130,838
Accrued compensation and benefits	36,343	54,508
Current maturities of debt and short-term borrowings	30,000	30,000
Income taxes payable	8,215	4,091
Liabilities held for sale	70,030	44,225
Other current liabilities	63,714	67,299
Total current liabilities	332,369	330,961
Long-term debt	495,384	502,695
Deferred income taxes	16,931	21,933
Pension and postretirement benefit liabilities	14,671	14,869
Other long-term liabilities	53,113	52,168
Total liabilities	912,468	922,626
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 81,502,916 and 81,423,584 shares, respectively	16,301	16,285
Additional paid-in capital	171,606	167,448
Treasury stock, at cost, 20,439,434 shares	(617,731)	(617,731)
Retained earnings	1,149,578	1,166,955
Accumulated other comprehensive loss	(182,189)	(174,245)
Stock held in trust	(2,573)	(2,450)
Deferred compensation liability	2,573	2,450
Total shareholders’ equity	537,565	558,712
Total liabilities and shareholders’ equity	$ 1,450,033	$ 1,481,338

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Nov. 30, 2018	Aug. 31, 2018
Treasury Stock, Shares	20,439,434	20,439,434
Common Class A
Common Stock, Shares Authorized	168,000,000	168,000,000
Common Stock, Shares, Issued	81,502,916	81,423,584

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Operating Activities
Net (loss) earnings	$ (17,452)	$ 5,226
Adjustments to reconcile net (loss) earnings to net cash used in operating activities
Impairment and other divestiture charges, net of tax	33,836	0
Depreciation and amortization	8,890	10,090
Stock based compensation expense	3,594	5,420
Benefit for deferred income taxes	(1,143)	(307)
Amortization of debt issuance costs	301	413
Other non-cash adjustments	130	113
Changes in components of working capital and other, excluding acquisitions and divestitures
Accounts receivable	(17,676)	(11,478)
Inventories	(17,824)	(11,628)
Trade accounts payable	1,051	6,204
Prepaid expenses and other assets	(4,998)	(12,043)
Income tax accounts	1,064	(1,714)
Accrued compensation and benefits	(16,544)	(12,588)
Other accrued liabilities	(2,339)	1,834
Cash used in operating activities	(29,110)	(20,458)
Investing Activities
Capital expenditures	(7,666)	(7,904)
Proceeds from sale of property, plant and equipment	11	32
Rental asset lease buyout for Viking divestiture	0	(27,718)
Cash used in investing activities	(7,655)	(35,590)
Financing Activities
Principal repayments on term loan	(7,500)	(7,500)
Stock option exercises and other	552	2,231
Taxes paid related to the net share settlement of equity awards	(201)	(282)
Payments of Dividends	(2,439)	(2,390)
Cash used in financing activities	(9,588)	(7,941)
Effect of exchange rate changes on cash	(694)	(532)
Net decrease in cash and cash equivalents	(47,047)	(64,521)
Cash and cash equivalents - beginning of period	250,490	229,571
Cash and cash equivalents - end of period	203,443	165,050
Line of Credit \| Senior Credit Facility - Term Loan
Financing Activities
Principal repayments on term loan	$ (7,500)	$ (7,500)

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Nov. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation General The accompanying unaudited condensed consolidated financial statements of Actuant Corporation (“Actuant,” or the “Company”) have been prepared in accordance with United States 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, 2018 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 2018 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 months ended November 30, 2018 are not necessarily indicative of the results that may be expected for the entire fiscal year ending August 31, 2019 . New Accounting Pronouncements 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, ASU 2016-12, ASU 2017-13 and ASU 2017-14 (collectively referred to as Accounting Standards Codification 606 “ASC 606”), 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 was adopted by the Company on September 1, 2018 using the modified retrospective method and was applied to contracts that were not completed or substantially complete as of September 1, 2018. Results for the reporting period beginning after September 1, 2018 are presented under ASC 606, while prior year amounts have not been adjusted and continue to be reported in accordance with the Company’s historical accounting policy in accordance with ASC 605 Revenue Recognition . The Company reported a net increase to opening retained earnings of $0.1 million on September 1, 2018 as a result of the cumulative impact of adopting ASC 606. The impact to net sales due to the adoption of ASC 606 for the three months ended November 30, 2018 was a decrease of $0.4 million . See Note 2, “Revenue Recognition,” for further discussion of the adoption of ASC 606. In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which changes how employers that sponsor defined benefit pension or other postretirement benefit plans present the net periodic benefit cost in the income statement. The new guidance requires the service cost component of net periodic benefit cost to be presented in the same income statement line items as other employee compensation costs arising from services rendered during the period. Other components of the net periodic benefit cost are to be stated separately from service cost and outside of operating income. This guidance was adopted by the Company on September 1, 2018. Due to a majority of the Company's defined benefit pension and other postretirement benefit plans being frozen and the net periodic benefit pension cost not being significant, the adoption of this guidance did not have a material impact on the financial statements of the Company. 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 was adopted on September 1, 2018. The adoption did not have an impact on the financial statements of the Company. In February 2016, the FASB issued ASU 2016-02, Leases (and subsequently ASU 2018-01) , 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 for the Company), including interim periods within those fiscal years. Upon adoption, certain qualitative and quantitative disclosures are required along with modified retrospective recognition and measurement of impacted leases. The Company is currently gathering, documenting and analyzing lease agreements subject to this guidance, as well as working through system implementation steps. The Company 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 February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows companies to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings in their consolidated financial statements. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years. The Company is currently evaluating the impact of this new standard and whether we will elect to reclassify the stranded income taxes. Accumulated Other Comprehensive Loss The following is a summary of the Company's accumulated other comprehensive loss (in thousands): November 30, 2018 August 31, 2018 Foreign currency translation adjustments $ 166,673 $ 158,497 Pension and other postretirement benefit plans, net of tax 15,516 15,748 Accumulated other comprehensive loss $ 182,189 $ 174,245

Revenue Recognition Revenue fro

Revenue Recognition Revenue from Contract Customers (Notes)	3 Months Ended
Revenue Recognition Revenue from Contract Customers (Notes)	Nov. 30, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Note 2. Revenue Recognition Significant Accounting Policies The Company recognizes revenue when it satisfies a performance obligation in a contract by transferring control of a distinct good or service to a customer. A contract’s transaction price is allocated to each distinct performance obligation and revenue is measured based on the consideration that the Company expects to be entitled to in exchange for the goods or services transferred. When contracts include multiple products or services to be delivered to the customer, the consideration for each element is generally allocated on the standalone transaction prices of the separate performance obligations, using the adjusted market assessment approach. Under normal circumstances, the Company invoices the customer once transfer of control has occurred and has a right to payment. The typical payment terms vary based on the customer and the types of goods and services in the contract. The period of time between invoicing and when payment is due is not significant, as our standard payment terms are less than one year. Amounts billed and due from customers are classified as receivables on the balance sheet. Taxes Collected: Taxes collected by the Company from a customer concurrent with revenue-producing activities are excluded from revenue. Shipping and Handling Costs: The Company records costs associated with shipping its products after control over a product has transferred to a customer and are accounted for as fulfillment costs. These costs are included in cost of products sold. Nature of Goods and Services The Company generates its revenue under two principal activities which are discussed below: Product Sales: Sales of tools, components and systems are recorded when control is transferred to the customer (i.e. performance obligation has been satisfied) in both segments. For the majority of the Company’s product sales, revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs when the product is shipped from the Company to the customer. Due to the highly custom nature and limited alternative use of certain products, for which the Company has an enforceable right of reimbursement for performance completed to date, revenue is recognized over time. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over time revenue associated with these custom products. For a majority of the Company’s custom products, machine hours and labor hours (efforts-expended measurement) are used as a measure of progress. Service & Rental Sales : Service contracts consist of providing highly trained technicians to perform bolting, technical services, machining and joint integrity work for our customers. These revenues are recognized over time as our customers simultaneously receive and consume the benefits provided by the Company. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over time revenue associated with service contracts. For a majority of the Company’s service contracts, labor hours (efforts-expended measurement) is used as the measure of progress when it is determined to be a better depiction of the transfer of control to the customer due to the timing and pattern of labor hours incurred. Revenue from rental contracts (less than a year and non-customized products) is generally recognized ratably over the contract term, depicting the customer’s consumption of the benefit related to the rental equipment. The majority of the Company’s service and rental sales are generated by its Industrial Tools & Services (“IT&S”) segment, with a limited number of service sales that exist within the Engineered Components & Systems (“EC&S”) segment. Disaggregated Revenue and Performance Obligations The Company disaggregates revenue from contracts with customers by reportable segment and product line and by the timing of when goods and services are transferred. The following table presents information regarding our revenue disaggregation by reportable segment and product (in thousands): Three Months Ended November 30, Net Sales by Reportable Product Line & Segment: 2018 Industrial Tools & Services Segment Product $ 102,768 Service & Rental 45,887 148,655 Engineered Components & Systems Segment (1) On-Highway $ 60,591 Agriculture, Off-Highway and Other 53,884 Rope & Cable Solutions 16,166 Concrete Tensioning 13,235 143,876 Total $ 292,531 (1) The majority of the EC&S segment revenues are product sales, with an immaterial number of service sales. The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred is as follows (in thousands): Three Months Ended November 30, 2018 Revenues recognized at point in time $ 240,622 Revenues recognized over time 51,909 Total $ 292,531 Contract Balances The opening and closing balances of the Company's contract assets and liabilities are as follows: November 30, 2018 August 31, 2018 Receivables, which are included in accounts receivable, net $ 191,190 $ 187,749 Contract assets, which are included in other current assets 7,048 6,367 Contract liabilities, which are included in other current liabilities 14,978 16,484 Receivables: The Company performs its obligations under a contract with a customer by transferring goods or services products in exchange for consideration from the customer. The Company typically invoices its customers as soon as control of an asset is transferred and a receivable for the Company is established. Contract Assets: Contract assets primarily relate to the Company’s rights to consideration for work completed, but not billed as of the reporting date on contracts with customers. The contract assets are transferred to receivables when the rights become unconditional. The Company typically only has contract assets on contracts that are generally long-term and have revenues that are recognized over time. Contract Liabilities: As of November 30, 2018 , the Company had certain contracts where there were unsatisfied performance obligations and the Company had received cash consideration from customers before the performance obligations were satisfied . The majority of these contracts related to long-term customer contracts (project durations of greater than three months) and were recognized over time. The Company estimates that $14.8 million will be recognized from satisfying those performance obligations through the remainder of fiscal 2019 with an insignificant amount recognized in years thereafter. Significant Judgments Timing of Performance Obligations Satisfied at a Point in Time: The Company evaluates when the customer obtains control of the product based on shipping terms, as control will transfer, dependent upon such terms, at different points between the Company's manufacturing facility or warehouse and the customer’s location. The Company considers control to have transferred upon shipment or delivery because (i) the Company has a present right to payment at that time; (ii) the legal title has been transferred to the customer; (iii) the Company has transferred physical possession of the product to the customer; and (iv) the customer has significant risks and rewards of ownership of the product. Variable Consideration: The Company estimates whether it will be subject to variable consideration under the terms of the contract and includes its estimate of variable consideration in the transaction price based on the expected value method when it is deemed probable of being realized based on historical experience and trends. Types of variable consideration may include rebates, incentives and discounts, among others, which are recorded as a reduction to net sales at the time when control of a performance obligation is transferred to the customer. Practical Expedients & Exemptions: The Company elected to expense the incremental cost to obtaining a contract for when the amortization period for such contracts would be one year or less. The Company does not disclose the value of unperformed obligations for (i) contracts with an original expected length of one year or less and (ii) contracts for which it recognizes revenue at the amount to which it has the right to invoice for services performed.

Restructuring Charges (Notes)

Restructuring Charges (Notes)	3 Months Ended
Restructuring Charges (Notes)	Nov. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Note 3. Restructuring Charges The Company has undertaken or committed to various restructuring initiatives including workforce reductions, leadership changes, 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 $0.4 million and $6.6 million in the three months ended November 30, 2018 and 2017 , respectively. Liabilities for severance will generally 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): Three Months Ended November 30, 2018 Industrial Tools & Services Engineered Components & Systems Corporate Total Balance as of August 31, 2018 $ 1,687 $ 1,592 $ 415 $ 3,694 Restructuring charges (29 ) (1) 432 — 403 Cash payments (922 ) (151 ) (46 ) (1,119 ) Other non-cash uses/reclasses of reserve (79 ) 209 (369 ) (239 ) Impact of changes in foreign currency rates (21 ) (13 ) — (34 ) Balance as of November 30, 2018 $ 636 $ 2,069 $ — $ 2,705 Three Months Ended November 30, 2017 Industrial Tools & Services Engineered Components & Systems Corporate Total Balance as of August 31, 2017 $ 1,499 $ 4,108 $ 30 $ 5,637 Restructuring charges 1,405 1,050 4,174 6,629 Cash payments (910 ) (1,509 ) (345 ) (2,764 ) Other non-cash uses of reserve (427 ) (51 ) (2,019 ) (2) (2,497 ) Impact of changes in foreign currency rates — (163 ) — (163 ) Balance as of November 30, 2017 $ 1,567 $ 3,435 $ 1,840 $ 6,842 (1) Credit balance in restructuring charges relates to reversal of restructuring accrual due to underspend of estimated expenses. (2) Majority of non-cash uses of reserve represents accelerated equity vesting in connection with employee severance agreements.

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Nov. 30, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Note 4. Acquisitions During fiscal 2018, the Company completed two acquisitions which resulted in the recognition of goodwill in the Company’s consolidated financial statements because their purchase prices reflected the future earnings and cash flow potential of the acquired companies, as well as the complementary strategic fit and resulting synergies. The Company makes an initial allocation of the purchase price, at the date of acquisition, based upon the fair value of the acquired assets and assumed liabilities. The Company obtains this information during due diligence and through other sources. If additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), the Company will refine its estimates of fair value and adjust the purchase price allocation as appropriate. The Company acquired the stock and certain assets of Mirage Machines, Ltd. ("Mirage") on December 1, 2017 for a purchase price of $17.4 million , net of cash acquired. This Industrial Tools & Services segment tuck-in acquisition is a provider of industrial and energy maintenance tools. The final purchase price allocation resulted in $10.3 million of goodwill (which is not deductible for tax purposes) and $4.1 million of intangible assets. The intangible assets were comprised of $2.3 million of indefinite lived tradenames and $1.8 million of amortizable customer relationships. The Company acquired the stock and certain assets of Equalizer International, Limited ("Equalizer") on May 11, 2018 for a purchase price of $5.8 million , net of cash acquired. This Industrial Tools & Services segment tuck-in is a provider of industrial and energy maintenance tools, expanding our pipe and flange alignment offerings. The preliminary purchase price allocation resulted in $2.4 million of goodwill (a portion of which is not deductible for tax purposes) and $2.1 million of intangible assets. The intangible assets were comprised of $0.8 million of indefinite lived tradenames and $1.3 million of amortizable customer relationships and patents. The Company incurred acquisition transaction costs of $0.2 million in the three months ended November 30, 2017 (included in "Selling, administrative and engineering expenses" in the Condensed Consolidated Statement of Earnings) related to the Mirage acquisition. Net sales in the three months ended November 30, 2018 for these two acquisitions were $3.5 million . Because the net sales and earnings impact of both acquisitions are not material to the three months ended November 30, 2018 and 2017, the Company has not included the pro forma operating result disclosures otherwise required for acquisitions.

Divestiture Activities Divestit

Divestiture Activities Divestiture Activities (Notes)	3 Months Ended
Divestiture Activities Divestiture Activities (Notes)	Nov. 30, 2018
Divestiture Activities [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 5. Divestiture Activities During the fourth quarter of fiscal 2018, the Cortland Fibron business (Engineered Components & Systems segment) met the criteria for assets held for sale treatment. The related assets and liabilities of the Cortland Fibron business to be sold are classified as assets/liabilities held for sale and approximate the estimated fair value, less cost to sell as of August 31, 2018. As a result, the Company recognized impairment & divestiture charges in fiscal 2018 of $46.3 million which generated an income tax benefit of $1.4 million . During the first quarter of fiscal 2019, the Company determined that the Precision Hayes and Cortland U.S. businesses (Engineered Components & Systems segment) were non-core assets, did not align with the strategic objectives of the Company and as a result, the Company committed to a plan to sell these businesses. Since the Precision Hayes and Cortland U.S. businesses met the criteria for assets held for sale as of November 30, 2018 , the related assets and liabilities of the businesses to be sold are classified as assets/liabilities held for sale in the condensed consolidated balance sheet as of November 30, 2018 and approximate the estimated fair value, less cost to sell. As a result of the held for sale treatments and fair value estimates, the Company recognized impairment & divestiture charges in the first quarter of fiscal 2019 of $36.5 million , comprised of: (i) a $21.1 million charge representing the excess of the net book value of assets held for sale to the anticipated proceeds; (ii) a non-cash impairment charge of $13.7 million related to the recognition in earnings of the cumulative effect of foreign currency rate changes since acquisition and (iii) $1.7 million of other divestiture charges. These charges generated an income tax benefit of $2.6 million in the first quarter of fiscal 2019. The following is a summary of the assets and liabilities held for sale (in thousands): November 30, 2018 (1) August 31, 2018 (2) Accounts receivable, net $ 15,957 $ 2,924 Inventories, net 22,645 2,597 Prepaid expenses and other current assets 3,654 3,267 Property, plant & equipment, net 13,546 2,186 Goodwill and other intangible assets, net 46,246 12,464 Other long-term assets 4,145 135 Assets held for sale $ 106,193 $ 23,573 Trade accounts payable $ 11,669 $ 3,915 Accrued compensation and benefits 1,915 1,414 Reserve for cumulative translation adjustment 48,267 35,346 Other current liabilities 3,077 1,269 Deferred income taxes 5,010 2,281 Other long-term liabilities 92 — Liabilities held for sale $ 70,030 $ 44,225 (1) Represents the consolidated assets and liabilities for the Precision Hayes, Cortland U.S. and Cortland Fibron businesses held for sale at November 30, 2018. (2) Represents the Cortland Fibron business held for sale at August 31, 2018. The historic results of the Precision Hayes and Cortland businesses are not material to the condensed consolidated financial results of the Company and are included in continuing operations. The Precision Hayes and Cortland businesses had combined net sales of $29.4 million and $28.0 million in the three months ended November 30, 2018 and 2017 , respectively. Additional charges are anticipated upon the completion of a sale and include, but are not limited to, items such as liabilities triggered only upon sale completion, changes in the composition of the net asset disposal groups and changes to estimated sales proceeds. The Company completed the sale of Cortland Fibron on December 19, 2018 for $12.5 million and the sale of Precision Hayes on December 31, 2018 for $23.6 million . Both transactions were paid in cash at the closing and are subject to closing working capital adjustments, indebtedness and other adjustments. We anticipate recognizing an additional $2 million to $4 million in divestiture charges (primarily working capital adjustments, accelerated vesting of equity compensation and completion bonuses) in the second quarter of fiscal 2019. On December 1, 2017, the Company completed the sale of the Viking business for net cash proceeds of $8.8 million , which resulted in an after-tax impairment & divestiture charge of $12.4 million in the second quarter of fiscal 2018, comprised of real estate lease exit charges of $3.0 million related to retained facilities that became vacant as a result of the Viking divestiture and approximately $9.4 million of associated discrete income tax expense. The results of the Viking business (which had net sales of $2.7 million in the three months ended November 30, 2017 ) are not material to the consolidated financial results and are included in continuing operations. As part of our portfolio management process, we routinely review our businesses with respect to our strategic initiatives and long-term objectives and are taking actions that are anticipated to improve the operational performance of the Company. The aforementioned divestitures and any potential future divestitures pose risks and challenges that could negatively impact our business, including required separation or carve-out activities and costs, disputes with buyers or potential impairment charges.
Schedule of Assets and Liabilities Held for Sale [Table Text Block]	The following is a summary of the assets and liabilities held for sale (in thousands): November 30, 2018 (1) August 31, 2018 (2) Accounts receivable, net $ 15,957 $ 2,924 Inventories, net 22,645 2,597 Prepaid expenses and other current assets 3,654 3,267 Property, plant & equipment, net 13,546 2,186 Goodwill and other intangible assets, net 46,246 12,464 Other long-term assets 4,145 135 Assets held for sale $ 106,193 $ 23,573 Trade accounts payable $ 11,669 $ 3,915 Accrued compensation and benefits 1,915 1,414 Reserve for cumulative translation adjustment 48,267 35,346 Other current liabilities 3,077 1,269 Deferred income taxes 5,010 2,281 Other long-term liabilities 92 — Liabilities held for sale $ 70,030 $ 44,225 (1) Represents the consolidated assets and liabilities for the Precision Hayes, Cortland U.S. and Cortland Fibron businesses held for sale at November 30, 2018. (2) Represents the Cortland Fibron business held for sale at August 31, 2018.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Nov. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 6. Goodwill, Intangible Assets and Long-Lived Assets Changes in the gross carrying value of goodwill and intangible assets can result from changes in foreign currency exchange rates, business acquisitions, divestitures or impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2018 are as follows (in thousands): Industrial Tools & Services Engineered Components & Systems Total Balance as of August 31, 2018 $ 248,705 $ 263,707 $ 512,412 Purchase accounting adjustments 253 — 253 Impairment charge — (10,166 ) (10,166 ) Reclassification of assets held for sale — (20,206 ) (20,206 ) Impact of changes in foreign currency rates (2,093 ) (2,840 ) (4,933 ) Balance as of November 30, 2018 $ 246,865 $ 230,495 $ 477,360 The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands): November 30, 2018 August 31, 2018 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 $ 188,316 $ 123,129 $ 65,187 $ 230,601 $ 147,451 $ 83,150 Patents 11 20,831 18,757 2,074 30,355 25,327 5,028 Trademarks and tradenames 15 6,862 5,008 1,854 20,823 15,347 5,476 Other intangibles 3 5,143 5,070 73 5,946 5,816 130 Indefinite lived intangible assets: Tradenames N/A 83,531 — 83,531 87,253 — 87,253 $ 304,683 $ 151,964 $ 152,719 $ 374,978 $ 193,941 $ 181,037 The Company estimates that amortization expense will be $10.2 million for the remaining nine months of fiscal 2019 . Amortization expense for future years is estimated to be: $12.9 million in fiscal 2020 , $12.2 million in 2021 , $10.5 million in fiscal 2022 , $7.7 million in fiscal 2023 , $6.5 million in fiscal 2024 and $9.2 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures or changes in foreign currency exchange rates, among other causes. Fiscal 2019 Impairment Charge During the first quarter of fiscal 2019, within the Engineered Components & Systems segment, the Company recognized impairment charges related to the Precision Hayes and Cortland U.S. businesses in conjunction with meeting the criteria for assets classified as held for sale. See Note 5, “Divestiture Activities,” for further discussion of impairment & divestiture charges. As a result of meeting the held for sale criteria, the Company reassessed the weighted-average holding period for the associated assets which resulted in a change in our current estimated fair value. Also, the Company recognized an additional impairment charge related to the Cortland Fibron business based on a change in the anticipated sales proceeds. Accordingly, we recognized a $21.1 million impairment charge, representing the excess of net book value of assets held for sale over anticipated proceeds. A summary of the fiscal 2019 impairment charge by reporting unit is as follows (in thousands): Cortland (1) Precision Hayes Total Goodwill $ 10,166 $ — $ 10,166 Amortizable intangible assets — 8,264 8,264 Assets held for sale 1,477 — 1,477 Fixed assets — 1,230 1,230 $ 11,643 $ 9,494 $ 21,137 (1) The Cortland reporting unit is representative of the Cortland U.S. and Cortland Fibron businesses. The goodwill impairment charge related to Cortland U.S. and the assets held for sale impairment charge related to Cortland Fibron. To the extent actual proceeds on the divestiture are less than current projections, or there are changes in the composition of the asset disposal group, further write-downs of the carrying value of the Precision Hayes and Cortland reporting units may be required.

Product Warranty Costs

Product Warranty Costs	3 Months Ended
Product Warranty Costs	Nov. 30, 2018
Guarantees [Abstract]
Product Warranty Costs	Note 7. 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, which is recorded within the "Other current liabilities" line on the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the product warranty reserves for the three months ended November 30, 2018 and 2017 (in thousands): Three Months Ended November 30, 2018 2017 Beginning balance $ 4,417 $ 6,616 Provision for warranties 1,626 1,531 Warranty payments and costs incurred (944 ) (1,145 ) Reclass of liabilities held for sale (38 ) — Impact of changes in foreign currency rates (64 ) (8 ) Ending balance $ 4,997 $ 6,994

Debt

Debt	3 Months Ended
Debt	Nov. 30, 2018
Debt Disclosure [Abstract]
Debt	Note 8. Debt The following is a summary of the Company’s long-term indebtedness (in thousands): November 30, 2018 August 31, 2018 Senior Credit Facility Revolver $ — $ — Term Loan 240,000 247,500 Total Senior Credit Facility 240,000 247,500 5.625% Senior Notes 287,559 287,559 Total Senior Indebtedness 527,559 535,059 Less: Current maturities of long-term debt (30,000 ) (30,000 ) Debt issuance costs (2,175 ) (2,364 ) Total long-term debt, less current maturities $ 495,384 $ 502,695 The Company’s Senior Credit Facility matures on May 8, 2020 and provides a $300 million revolver, a $300 million 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 a spread of 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 November 30, 2018 , the borrowing spread on LIBOR based borrowings was 2.00% (aggregating to a 4.38% variable rate borrowing cost on the outstanding term loan balance). 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 November 30, 2018 , the unused credit line under the revolver was $298.8 million , of which $237.9 million was available for borrowing. Quarterly term loan principal payments of $3.8 million began on June 30, 2016 , increased to $7.5 million starting on June 30, 2017 and extend through March 31, 2020 , 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 November 30, 2018 . On April 16, 2012 , the Company issued $300 million of 5.625% Senior Notes due 2022 (the “Senior Notes”), of which $287.6 million remains outstanding. 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 (currently ranging from 100.00% to 101.88% ), plus accrued and unpaid interest. The Company was in compliance with all the terms of the Senior Notes at November 30, 2018 .

Fair Value Measurement

Fair Value Measurement	3 Months Ended
Fair Value Measurement	Nov. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 9. 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, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both November 30, 2018 and August 31, 2018 due to their short-term nature and the fact that the interest rates approximated market rates. Foreign currency exchange contracts are recorded at fair value. The fair value of the Company's foreign currency exchange contracts was a net asset of $0.2 million and $0.4 million at November 30, 2018 and August 31, 2018 , respectively. The fair value of the foreign currency exchange contracts was based on quoted inactive market prices and is therefore classified as Level 2 within the valuation hierarchy. The fair value of the Company’s outstanding Senior Notes was $289.4 million and $293.5 million at November 30, 2018 and August 31, 2018 , 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. At November 30, 2018, the assets and liabilities of the Precision Hayes and Cortland businesses are classified as held for sale and therefore are valued at fair value, less costs to sell. In determining the fair value of the assets and liabilities the Company utilized generally accepted valuation techniques. Specifically for the Cortland U.S. business, a market approach valuation was utilized, in which a trading multiple was applied to the forecasted EBITDA (earnings before interest, income taxes, depreciation and amortization). For the Precision Hayes and Cortland Fibron businesses, the anticipated proceeds from the sale of these businesses was used to arrive at the estimated fair value. These valuations represent Level 3 assets measured at fair value on a nonrecurring basis.

Derivatives

Derivatives	3 Months Ended
Derivatives	Nov. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 10. Derivatives All derivatives are recognized in the balance sheet at their estimated fair value. On the date the Company enters into a derivative contract, it 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 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 utilizes foreign currency exchange contracts to reduce the exchange rate risk associated with recognized non-functional currency balances. The effects of changes in exchange rates are reflected concurrently in earnings for both the fair value of the foreign currency exchange contracts and the related non-functional currency asset or liability. 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 (income) expense in the condensed consolidated statement of earnings). The U.S. dollar equivalent notional value of these short duration foreign currency exchange contracts (fair value hedges or non-designated hedges) was $22.0 million and $17.0 million at November 30, 2018 and August 31, 2018 , respectively. The fair value of outstanding foreign currency exchange contracts was a net asset of $0.2 million and $0.4 million at November 30, 2018 and August 31, 2018 , respectively. Net foreign currency gain related to these derivative instruments were as follows (in thousands): Three Months Ended November 30, 2018 2017 Foreign currency gain, net $ 370 $ 214

Capital Stock and Share Repurch

Capital Stock and Share Repurchase	3 Months Ended
Capital Stock and Share Repurchase	Nov. 30, 2018
Earnings Per Share [Abstract]
Capital Stock and Share Repurchase	Note 11. Capital Stock and Share Repurchases The Company's Board of Directors authorized the repurchase of shares of the Company's common stock under publicly 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 $617.7 million . As of November 30, 2018 , 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 months ended November 30, 2018 . The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended November 30, 2018 2017 Numerator: Net (loss) earnings $ (17,452 ) $ 5,226 Denominator: Weighted average common shares outstanding - basic 61,031 59,871 Net effect of dilutive securities - stock based compensation plans — 738 Weighted average common shares outstanding - diluted 61,031 60,609 Basic (loss) earnings per share $ (0.29 ) $ 0.09 Diluted (loss) earnings per share $ (0.29 ) $ 0.09 Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) (1) 2,973 1,829 (1) As a result of the impairment & divestiture charges, which caused a net loss for the three months ended November 30, 2018 , shares from stock based compensation plans are excluded from the calculation of diluted loss per share, as the result would be anti-dilutive.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Nov. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. 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 different 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 fiscal 2019 and 2018 include the benefits of tax planning initiatives. Comparative (loss) earnings before income taxes, income tax benefit and effective income tax rates are as follows (amounts in thousands): Three Months Ended November 30, 2018 2017 Earnings (loss) before income taxes $ (17,524 ) $ 6,830 Income tax expense (benefit) (72 ) 1,604 Effective income tax rate 0.4 % 23.5 % The Company’s income tax expense and effective tax rate for the three months ended November 30, 2018 were impacted by the Tax Cuts and Jobs Act (the “Act”), which was enacted into law on December 22, 2017. The Act includes significant changes to the U.S. corporate income tax system which reduce the U.S. federal corporate income tax rate from 35% to 21% as of January 1, 2018; shifts to a modified territorial tax regime which requires companies to pay a transition tax on earnings of certain foreign subsidiaries that were previously deferred from U.S. income tax; and creates new minimum taxes on certain foreign-sourced earnings that were previously deferred from U.S. federal tax. The new minimum taxes on certain foreign-sourced earnings under the Act are effective for the Company starting in the period ending November 30, 2018 and include the Global Intangible Low-Taxed Income (“GILTI”) provision, the Foreign-Derived Intangible Income (“FDII”) benefit, the Base Erosion Anti-Abuse Tax (“BEAT”), the limitation on interest expense deductions and certain executive compensation, and the elimination of dividends received from certain foreign subsidiaries. Income tax effects resulting from changes in tax laws are accounted for by the Company in the period in which the law is enacted and the effects are recorded as a component of income tax expense or benefit. The Securities and Exchange Commission staff issued Staff Accounting Bulletin (“SAB”) 118 to provide guidance on accounting for various effects of the Act that may be at different stages of completion. To the extent that a company’s accounting for a certain income tax effect of the Act is incomplete, but it is able to determine a reasonable estimate, it must record a provisional estimate in the financial statements. In accordance with SAB 118, the financial reporting impact of the Act will be completed no later than one year from the Act’s enactment date of December 22, 2017. Prior to this date, the Company recorded provisional amounts for certain enactment-date effects of the Act by applying the guidance in SAB 118. As of the financial reporting date, we have recorded all known enactment-date income tax effects of the Act. These adjustments have been recorded as a component of income tax expense and include the one-time transition tax liability, the revaluation of deferred tax assets and liabilities, and the calculation of the accelerated first year expensing of certain capital expenditures. Included within tax expense for the November 30, 2018 reporting period is a measurement period adjustment for the Company’s transition tax. This adjustment was based upon the review of additional information that was not previously available and had an immaterial impact on the financial statements. The Company’s assertion related to the repatriation of undistributed earnings has not changed, which is to reinvest the earnings in our non-U.S. subsidiaries outside of the U.S., thereby resulting in no recorded U.S. deferred incomes taxes or foreign withholding taxes. Additionally, the Company has made the accounting policy election to record the income tax effects of GILTI in the period in which they arise. The comparability of pre-tax earnings (loss), income tax expense (benefit) and the related effective income tax rates are impacted by the Act as described above, along with impairment & divestiture charges. Results included $36.5 million ( $33.8 million after tax) of impairment & divestiture charges for the three months ended November 30, 2018 . Excluding the impairment & divestiture charges, the effective tax rate for the three months ended November 30, 2018 was 13.4% . Both the current and prior year effective income tax rates were impacted by the proportion of earnings in foreign jurisdictions with income tax rates different 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 tax include approximately 70% and 80% of earnings from foreign jurisdictions for the estimated full-year fiscal 2019 and 2018, respectively. 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 12.2% , for the three months ended November 30, 2017 ; however, the impact of foreign rates as compared to the new U.S. statutory rate of 21% is minimal. In addition to the benefit of the foreign rate differential and tax planning initiatives (which yield an effective income tax rate lower than the federal income tax rate) in each year, the income tax benefit for the three months ended November 30, 2018 is significantly impacted by a $2.6 million benefit related to the impairment & divestiture charges and a $1.1 million benefit related to realization of foreign tax credit carryforwards. The tax benefits related to 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	3 Months Ended
Segment Information	Nov. 30, 2018
Segment Reporting [Abstract]
Segment Information	Note 13. Segment Information The Company is a global manufacturer of a broad range of industrial products and systems. The Industrial Tools & Services segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Engineered Components & Systems segment provides highly engineered components for on-highway, off-highway agriculture, medical, concrete tensioning and other vertical markets. All of the aforementioned markets are supported through our various segment product lines outlined below. The following tables summarize financial information by reportable segment and product line (in thousands): Three Months Ended November 30, 2018 2017 Net Sales by Reportable Product Line & Segment Industrial Tools & Services Segment Product $ 102,768 $ 101,120 Service & Rental 45,887 40,871 148,655 141,991 Engineered Components & Systems Segment On-Highway 60,591 64,883 Agriculture, Off-Highway and Other 53,884 51,316 Rope & Cable Solutions 16,166 16,386 Concrete Tensioning 13,235 11,634 Off Shore Mooring — 2,745 143,876 146,964 $ 292,531 $ 288,955 Operating (Loss) Profit Industrial Tools & Services $ 26,374 $ 20,836 Engineered Components & Systems (1) (28,292 ) 4,035 General Corporate (7,400 ) (10,197 ) $ (9,318 ) $ 14,673 (1) Engineered Components & Systems segment operating loss includes impairment & divestiture charges of $36.5 million for the three months ended November 30, 2018. November 30, 2018 August 31, 2018 Assets: Industrial Tools & Services $ 588,003 $ 589,932 Engineered Components & Systems 655,978 657,370 General Corporate 206,052 234,036 $ 1,450,033 $ 1,481,338 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 & divestiture 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	3 Months Ended
Contingencies and Litigation	Nov. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Commitments and Contingencies The Company had outstanding letters of credit of $15.7 million and $23.6 million at November 30, 2018 and August 31, 2018 , 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, breaches of contract, employment, personal injury 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 a loss has been incurred and can be reasonably estimated. In the opinion of management, resolution of these contingencies is not expected to have a material adverse effect on the Company’s financial position, 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 at November 30, 2018 was $10.4 million using a weighted average discount rate of 3.35% . The Company has facilities in numerous geographic locations that are subject to 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. As previously disclosed in the Annual Report on Form 10-K for the year ended August 31, 2018, in October 2018, the Company filed a voluntary self-disclosure ("VSD") with the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) regarding transactions related to otherwise authorized sales of tools and other products totaling approximately $0.5 million by certain of its foreign subsidiaries to two Iranian distributors. It is possible that certain limited transactions relating to the authorized sales fell outside the scope of General License H under the Iranian Transaction and Sanctions Regulations, 31 C.F.R. Part 560. The VSD also included information about additional transactions by certain of the Company's Dutch subsidiaries, with a counterparty in Estonia that may have been in violation of E.O. 13685, as certain sales of products and services may have been diverted to the Crimea region of Ukraine. OFAC is currently reviewing the Company’s disclosure to determine whether any violations of U.S. economic sanctions laws may have occurred and, if so, to determine the appropriate enforcement response. At this time, the Company cannot predict when OFAC will conclude its review of the VSD or the nature of its enforcement response. Additionally, the Company has self-disclosed the sales to its Estonian customer to relevant authorities in the Netherlands as potentially violating applicable sanctions laws in that country and the European Union. The investigation by authorities in the Netherlands is ongoing and also may result in penalties. At this time, the Company cannot predict when the investigation will be completed or reasonably estimate what penalties, if any, will be assessed. While there can be no assurance of the ultimate outcome of the above matters, the Company currently believes that there will be no material adverse effect on the Company's financial position, results of operations, or cash flows.

Guarantor Subsidiaries

Guarantor Subsidiaries	3 Months Ended
Guarantor Subsidiaries	Nov. 30, 2018
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 $287.6 million remains outstanding as of November 30, 2018 . 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. Certain assets, liabilities and expenses have not been allocated to the Guarantors and the subsidiaries that do not guarantee the 5.625% Senior Notes (the "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. The following tables present the results of operations, financial position and cash flows of the Parent, the Guarantors and the non-Guarantors and the eliminations necessary to arrive at the information for the Company on a consolidated basis. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands) Three Months Ended November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 40,290 $ 95,822 $ 156,419 $ — $ 292,531 Cost of products sold 9,881 70,596 107,046 — 187,523 Gross profit 30,409 25,226 49,373 — 105,008 Selling, administrative and engineering expenses 20,966 18,314 33,912 — 73,192 Amortization of intangible assets 318 2,692 1,268 — 4,278 Restructuring charges — (93 ) 496 — 403 Impairment & divestiture charges — 10,220 26,233 — 36,453 Operating profit (loss) 9,125 (5,907 ) (12,536 ) — (9,318 ) Financing costs (income), net 7,551 — (256 ) — 7,295 Intercompany (income) expense, net (4,053 ) 6,491 (2,438 ) — — Other (income) expense, net (216 ) 7 1,120 — 911 Earnings (loss) before income tax (benefit) expense 5,843 (12,405 ) (10,962 ) — (17,524 ) Income tax (benefit) expense (2,706 ) (102 ) 2,736 (72 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 8,549 (12,303 ) (13,698 ) — (17,452 ) Equity in (loss) earnings of subsidiaries (26,001 ) (13,132 ) 1,255 37,878 — Net loss (17,452 ) (25,435 ) (12,443 ) 37,878 (17,452 ) Comprehensive loss $ (25,396 ) $ (25,434 ) $ (20,119 ) $ 45,553 $ (25,396 ) CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (in thousands) Three Months Ended November 30, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 35,710 $ 87,834 $ 165,411 $ — $ 288,955 Cost of products sold 6,963 64,574 116,507 — 188,044 Gross profit 28,747 23,260 48,904 — 100,911 Selling, administrative and engineering expenses 19,715 18,448 36,315 — 74,478 Amortization of intangible assets 318 2,861 1,952 — 5,131 Restructuring charges 5,356 169 1,104 — 6,629 Operating profit 3,358 1,782 9,533 — 14,673 Financing costs (income), net 7,623 21 (130 ) — 7,514 Intercompany (income) expense, net (4,877 ) 5,484 (607 ) — — Other (income) expense, net (50 ) 45 334 — 329 Earnings (loss) before income tax (benefit) expense 662 (3,768 ) 9,936 — 6,830 Income tax (benefit) expense (285 ) 437 1,452 — 1,604 Net earnings (loss) before equity in earnings (loss) of subsidiaries 947 (4,205 ) 8,484 — 5,226 Equity in earnings (loss) of subsidiaries 4,279 8,793 (46 ) (13,026 ) — Net earnings 5,226 4,588 8,438 (13,026 ) 5,226 Comprehensive income $ 8,251 $ 4,588 $ 11,566 $ (16,154 ) $ 8,251 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 41,371 $ — $ 162,072 $ — $ 203,443 Accounts receivable, net 18,511 40,803 131,876 — 191,190 Inventories, net 25,035 51,389 78,340 — 154,764 Assets held for sale — 79,748 26,445 — 106,193 Other current assets 11,761 1,824 38,160 — 51,745 Total current assets 96,678 173,764 436,893 — 707,335 Property, plant & equipment, net 7,828 16,557 54,775 — 79,160 Goodwill 38,847 184,121 254,392 — 477,360 Other intangibles, net 6,566 97,932 48,221 — 152,719 Investment in subsidiaries 1,806,237 1,198,123 807,031 (3,811,391 ) — Intercompany receivable — 616,713 208,731 (825,444 ) — Other long-term assets 12,745 339 20,375 — 33,459 Total assets $ 1,968,901 $ 2,287,549 $ 1,830,418 $ (4,636,835 ) $ 1,450,033 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 13,915 $ 20,468 $ 89,684 $ — $ 124,067 Accrued compensation and benefits 10,509 2,938 22,896 — 36,343 Current maturities of debt and short-term borrowings 30,000 — — — 30,000 Income taxes payable — — 8,215 — 8,215 Liabilities held for sale — 12,951 57,079 — 70,030 Other current liabilities 18,207 6,481 39,026 — 63,714 Total current liabilities 72,631 42,838 216,900 — 332,369 Long-term debt 495,384 — — — 495,384 Deferred income taxes 15,426 — 1,505 — 16,931 Pension and post-retirement benefit liabilities 7,632 — 7,039 — 14,671 Other long-term liabilities 47,348 285 5,480 — 53,113 Intercompany payable 792,915 32,529 — (825,444 ) — Shareholders’ equity 537,565 2,211,897 1,599,494 (3,811,391 ) 537,565 Total liabilities and shareholders’ equity $ 1,968,901 $ 2,287,549 $ 1,830,418 $ (4,636,835 ) $ 1,450,033 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 67,649 $ — $ 182,841 $ — $ 250,490 Accounts receivable, net 19,969 54,822 112,958 — 187,749 Inventories, net 22,570 59,391 74,395 — 156,356 Assets held for sale — — 23,573 — 23,573 Other current assets 7,358 4,759 30,615 — 42,732 Total current assets 117,546 118,972 424,382 — 660,900 Property, plant & equipment, net 7,937 26,408 55,875 — 90,220 Goodwill 38,847 203,543 270,022 — 512,412 Other intangible assets, net 6,884 121,793 52,360 — 181,037 Investment in subsidiaries 1,836,954 1,211,781 789,917 (3,838,652 ) — Intercompany receivables — 622,646 200,173 (822,819 ) — Other long-term assets 12,955 366 23,448 — 36,769 Total assets $ 2,021,123 $ 2,305,509 $ 1,816,177 $ (4,661,471 ) $ 1,481,338 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 15,890 $ 29,022 $ 85,926 $ — $ 130,838 Accrued compensation and benefits 22,171 9,804 22,533 — 54,508 Current maturities of debt 30,000 — — — 30,000 Income taxes payable — — 4,091 — 4,091 Liabilities held for sale — — 44,225 — 44,225 Other current liabilities 17,379 11,078 38,842 — 67,299 Total current liabilities 85,440 49,904 195,617 — 330,961 Long-term debt 502,695 — — — 502,695 Deferred income taxes 17,467 — 4,466 — 21,933 Pension and post-retirement benefit liabilities 7,765 — 7,104 — 14,869 Other long-term liabilities 45,483 359 6,326 — 52,168 Intercompany payable 803,561 19,258 — (822,819 ) — Shareholders’ equity 558,712 2,235,988 1,602,664 (3,838,652 ) 558,712 Total liabilities and shareholders’ equity $ 2,021,123 $ 2,305,509 $ 1,816,177 $ (4,661,471 ) $ 1,481,338 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (16,275 ) $ 4,337 $ (17,172 ) $ — $ (29,110 ) Investing Activities Capital expenditures (423 ) (4,340 ) (2,903 ) — (7,666 ) Proceeds from sale of property, plant and equipment 8 3 — — 11 Cash used in investing activities (415 ) (4,337 ) (2,903 ) — (7,655 ) Financing Activities Principal repayments on term loan (7,500 ) — — — (7,500 ) Stock option exercises, related tax benefits and other 552 — — — 552 Taxes paid related to the net share settlement of equity awards (201 ) — — — (201 ) Cash Dividends (2,439 ) — — — (2,439 ) Cash used in financing activities (9,588 ) — — — (9,588 ) Effect of exchange rate changes on cash — — (694 ) — (694 ) Net decrease in cash and cash equivalents (26,278 ) — (20,769 ) — (47,047 ) Cash and cash equivalents—beginning of period 67,649 — 182,841 — 250,490 Cash and cash equivalents—end of period $ 41,371 $ — $ 162,072 $ — $ 203,443 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (9,838 ) $ 3,580 $ (14,200 ) $ — $ (20,458 ) Investing Activities Capital expenditures (1,478 ) (3,589 ) (2,837 ) — (7,904 ) Proceeds from sale of property, plant and equipment — 9 23 — 32 Rental asset lease buyout for Viking divestiture — — (27,718 ) — (27,718 ) Cash used in investing activities (1,478 ) (3,580 ) (30,532 ) — (35,590 ) Financing Activities Repayments on term loan (7,500 ) — — — (7,500 ) Stock option exercises and other 2,231 — — — 2,231 Taxes paid related to the net share settlement of equity awards (282 ) — — — (282 ) Cash dividend (2,390 ) — — — (2,390 ) Intercompany loan activity (5,954 ) — 5,954 — — Cash (used in) provided by financing activities (13,895 ) — 5,954 — (7,941 ) Effect of exchange rate changes on cash — — (532 ) — (532 ) Net decrease in cash and cash equivalents (25,211 ) — (39,310 ) — (64,521 ) Cash and cash equivalents—beginning of period 34,715 — 194,856 — 229,571 Cash and cash equivalents—end of period $ 9,504 $ — $ 155,546 $ — $ 165,050

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation Basis of Presentation (Policies)	Nov. 30, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements 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, ASU 2016-12, ASU 2017-13 and ASU 2017-14 (collectively referred to as Accounting Standards Codification 606 “ASC 606”), 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 was adopted by the Company on September 1, 2018 using the modified retrospective method and was applied to contracts that were not completed or substantially complete as of September 1, 2018. Results for the reporting period beginning after September 1, 2018 are presented under ASC 606, while prior year amounts have not been adjusted and continue to be reported in accordance with the Company’s historical accounting policy in accordance with ASC 605 Revenue Recognition . The Company reported a net increase to opening retained earnings of $0.1 million on September 1, 2018 as a result of the cumulative impact of adopting ASC 606. The impact to net sales due to the adoption of ASC 606 for the three months ended November 30, 2018 was a decrease of $0.4 million . See Note 2, “Revenue Recognition,” for further discussion of the adoption of ASC 606. In March 2017, the FASB issued ASU 2017-07, Compensation-Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which changes how employers that sponsor defined benefit pension or other postretirement benefit plans present the net periodic benefit cost in the income statement. The new guidance requires the service cost component of net periodic benefit cost to be presented in the same income statement line items as other employee compensation costs arising from services rendered during the period. Other components of the net periodic benefit cost are to be stated separately from service cost and outside of operating income. This guidance was adopted by the Company on September 1, 2018. Due to a majority of the Company's defined benefit pension and other postretirement benefit plans being frozen and the net periodic benefit pension cost not being significant, the adoption of this guidance did not have a material impact on the financial statements of the Company. 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 was adopted on September 1, 2018. The adoption did not have an impact on the financial statements of the Company. In February 2016, the FASB issued ASU 2016-02, Leases (and subsequently ASU 2018-01) , 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 for the Company), including interim periods within those fiscal years. Upon adoption, certain qualitative and quantitative disclosures are required along with modified retrospective recognition and measurement of impacted leases. The Company is currently gathering, documenting and analyzing lease agreements subject to this guidance, as well as working through system implementation steps. The Company 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 February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows companies to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings in their consolidated financial statements. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 for the Company), including interim periods within those fiscal years. The Company is currently evaluating the impact of this new standard and whether we will elect to reclassify the stranded income taxes.
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated Other Comprehensive Loss The following is a summary of the Company's accumulated other comprehensive loss (in thousands): November 30, 2018 August 31, 2018 Foreign currency translation adjustments $ 166,673 $ 158,497 Pension and other postretirement benefit plans, net of tax 15,516 15,748 Accumulated other comprehensive loss $ 182,189 $ 174,245

Basis of Presentation Schedule

Basis of Presentation Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Nov. 30, 2018
Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Accumulated Other Comprehensive Loss The following is a summary of the Company's accumulated other comprehensive loss (in thousands): November 30, 2018 August 31, 2018 Foreign currency translation adjustments $ 166,673 $ 158,497 Pension and other postretirement benefit plans, net of tax 15,516 15,748 Accumulated other comprehensive loss $ 182,189 $ 174,245

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenues (Tables)	3 Months Ended
Revenue Recognition Disaggregation of Revenues (Tables)	Nov. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents information regarding our revenue disaggregation by reportable segment and product (in thousands): Three Months Ended November 30, Net Sales by Reportable Product Line & Segment: 2018 Industrial Tools & Services Segment Product $ 102,768 Service & Rental 45,887 148,655 Engineered Components & Systems Segment (1) On-Highway $ 60,591 Agriculture, Off-Highway and Other 53,884 Rope & Cable Solutions 16,166 Concrete Tensioning 13,235 143,876 Total $ 292,531 (1) The majority of the EC&S segment revenues are product sales, with an immaterial number of service sales. The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred is as follows (in thousands): Three Months Ended November 30, 2018 Revenues recognized at point in time $ 240,622 Revenues recognized over time 51,909 Total $ 292,531

Revenue Recognition Contract wi

Revenue Recognition Contract with Customer, Assets and Liabilities (Tables)	3 Months Ended
	Nov. 30, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The opening and closing balances of the Company's contract assets and liabilities are as follows: November 30, 2018 August 31, 2018 Receivables, which are included in accounts receivable, net $ 191,190 $ 187,749 Contract assets, which are included in other current assets 7,048 6,367 Contract liabilities, which are included in other current liabilities 14,978 16,484

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
Restructuring Charges (Tables)	Nov. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The following rollforwards summarize restructuring reserve activity by segment (in thousands): Three Months Ended November 30, 2018 Industrial Tools & Services Engineered Components & Systems Corporate Total Balance as of August 31, 2018 $ 1,687 $ 1,592 $ 415 $ 3,694 Restructuring charges (29 ) (1) 432 — 403 Cash payments (922 ) (151 ) (46 ) (1,119 ) Other non-cash uses/reclasses of reserve (79 ) 209 (369 ) (239 ) Impact of changes in foreign currency rates (21 ) (13 ) — (34 ) Balance as of November 30, 2018 $ 636 $ 2,069 $ — $ 2,705 Three Months Ended November 30, 2017 Industrial Tools & Services Engineered Components & Systems Corporate Total Balance as of August 31, 2017 $ 1,499 $ 4,108 $ 30 $ 5,637 Restructuring charges 1,405 1,050 4,174 6,629 Cash payments (910 ) (1,509 ) (345 ) (2,764 ) Other non-cash uses of reserve (427 ) (51 ) (2,019 ) (2) (2,497 ) Impact of changes in foreign currency rates — (163 ) — (163 ) Balance as of November 30, 2017 $ 1,567 $ 3,435 $ 1,840 $ 6,842 (1) Credit balance in restructuring charges relates to reversal of restructuring accrual due to underspend of estimated expenses. (2) Majority of non-cash uses of reserve represents accelerated equity vesting in connection with employee severance agreements.

Divestiture Activities Assets a

Divestiture Activities Assets and Liabilities Held for Sale (Tables)	3 Months Ended
	Nov. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities Held for Sale [Table Text Block]	The following is a summary of the assets and liabilities held for sale (in thousands): November 30, 2018 (1) August 31, 2018 (2) Accounts receivable, net $ 15,957 $ 2,924 Inventories, net 22,645 2,597 Prepaid expenses and other current assets 3,654 3,267 Property, plant & equipment, net 13,546 2,186 Goodwill and other intangible assets, net 46,246 12,464 Other long-term assets 4,145 135 Assets held for sale $ 106,193 $ 23,573 Trade accounts payable $ 11,669 $ 3,915 Accrued compensation and benefits 1,915 1,414 Reserve for cumulative translation adjustment 48,267 35,346 Other current liabilities 3,077 1,269 Deferred income taxes 5,010 2,281 Other long-term liabilities 92 — Liabilities held for sale $ 70,030 $ 44,225 (1) Represents the consolidated assets and liabilities for the Precision Hayes, Cortland U.S. and Cortland Fibron businesses held for sale at November 30, 2018. (2) Represents the Cortland Fibron business held for sale at August 31, 2018.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
Goodwill and Other Intangible Assets (Tables)	Nov. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the gross carrying value of goodwill and intangible assets can result from changes in foreign currency exchange rates, business acquisitions, divestitures or impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2018 are as follows (in thousands): Industrial Tools & Services Engineered Components & Systems Total Balance as of August 31, 2018 $ 248,705 $ 263,707 $ 512,412 Purchase accounting adjustments 253 — 253 Impairment charge — (10,166 ) (10,166 ) Reclassification of assets held for sale — (20,206 ) (20,206 ) Impact of changes in foreign currency rates (2,093 ) (2,840 ) (4,933 ) Balance as of November 30, 2018 $ 246,865 $ 230,495 $ 477,360
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): November 30, 2018 August 31, 2018 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 $ 188,316 $ 123,129 $ 65,187 $ 230,601 $ 147,451 $ 83,150 Patents 11 20,831 18,757 2,074 30,355 25,327 5,028 Trademarks and tradenames 15 6,862 5,008 1,854 20,823 15,347 5,476 Other intangibles 3 5,143 5,070 73 5,946 5,816 130 Indefinite lived intangible assets: Tradenames N/A 83,531 — 83,531 87,253 — 87,253 $ 304,683 $ 151,964 $ 152,719 $ 374,978 $ 193,941 $ 181,037
Schedule of Asset Impairment Charges [Table Text Block] [Table Text Block]	A summary of the fiscal 2019 impairment charge by reporting unit is as follows (in thousands): Cortland (1) Precision Hayes Total Goodwill $ 10,166 $ — $ 10,166 Amortizable intangible assets — 8,264 8,264 Assets held for sale 1,477 — 1,477 Fixed assets — 1,230 1,230 $ 11,643 $ 9,494 $ 21,137 (1) The Cortland reporting unit is representative of the Cortland U.S. and Cortland Fibron businesses. The goodwill impairment charge related to Cortland U.S. and the assets held for sale impairment charge related to Cortland Fibron.

Product Warranty Costs (Tables)

Product Warranty Costs (Tables)	3 Months Ended
Product Warranty Costs (Tables)	Nov. 30, 2018
Guarantees [Abstract]
Schedule of Product Warranty Liability	The following is a rollforward of the product warranty reserves for the three months ended November 30, 2018 and 2017 (in thousands): Three Months Ended November 30, 2018 2017 Beginning balance $ 4,417 $ 6,616 Provision for warranties 1,626 1,531 Warranty payments and costs incurred (944 ) (1,145 ) Reclass of liabilities held for sale (38 ) — Impact of changes in foreign currency rates (64 ) (8 ) Ending balance $ 4,997 $ 6,994

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Nov. 30, 2018
Debt Disclosure [Abstract]
Long-Term Indebtedness	The following is a summary of the Company’s long-term indebtedness (in thousands): November 30, 2018 August 31, 2018 Senior Credit Facility Revolver $ — $ — Term Loan 240,000 247,500 Total Senior Credit Facility 240,000 247,500 5.625% Senior Notes 287,559 287,559 Total Senior Indebtedness 527,559 535,059 Less: Current maturities of long-term debt (30,000 ) (30,000 ) Debt issuance costs (2,175 ) (2,364 ) Total long-term debt, less current maturities $ 495,384 $ 502,695

Derivatives Derivatives (Tables

Derivatives Derivatives (Tables)	3 Months Ended
Derivatives Derivatives (Tables)	Nov. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss) [Table Text Block]	Net foreign currency gain related to these derivative instruments were as follows (in thousands): Three Months Ended November 30, 2018 2017 Foreign currency gain, net $ 370 $ 214

Capital Stock and Share Repur_2

Capital Stock and Share Repurchase (Tables)	3 Months Ended
Capital Stock and Share Repurchase (Tables)	Nov. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The Company's Board of Directors authorized the repurchase of shares of the Company's common stock under publicly 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 $617.7 million . As of November 30, 2018 , 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 months ended November 30, 2018 . The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended November 30, 2018 2017 Numerator: Net (loss) earnings $ (17,452 ) $ 5,226 Denominator: Weighted average common shares outstanding - basic 61,031 59,871 Net effect of dilutive securities - stock based compensation plans — 738 Weighted average common shares outstanding - diluted 61,031 60,609 Basic (loss) earnings per share $ (0.29 ) $ 0.09 Diluted (loss) earnings per share $ (0.29 ) $ 0.09 Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) (1) 2,973 1,829 (1) As a result of the impairment & divestiture charges, which caused a net loss for the three months ended November 30, 2018 , shares from stock based compensation plans are excluded from the calculation of diluted loss per share, as the result would be anti-dilutive.

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	3 Months Ended
Income Taxes Income Taxes (Tables)	Nov. 30, 2018
Income Tax Disclosure [Abstract]
Income Tax Effective Tax Rate [Table Text Block]	Three Months Ended November 30, 2018 2017 Earnings (loss) before income taxes $ (17,524 ) $ 6,830 Income tax expense (benefit) (72 ) 1,604 Effective income tax rate 0.4 % 23.5 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Nov. 30, 2018
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 November 30, 2018 2017 Net Sales by Reportable Product Line & Segment Industrial Tools & Services Segment Product $ 102,768 $ 101,120 Service & Rental 45,887 40,871 148,655 141,991 Engineered Components & Systems Segment On-Highway 60,591 64,883 Agriculture, Off-Highway and Other 53,884 51,316 Rope & Cable Solutions 16,166 16,386 Concrete Tensioning 13,235 11,634 Off Shore Mooring — 2,745 143,876 146,964 $ 292,531 $ 288,955 Operating (Loss) Profit Industrial Tools & Services $ 26,374 $ 20,836 Engineered Components & Systems (1) (28,292 ) 4,035 General Corporate (7,400 ) (10,197 ) $ (9,318 ) $ 14,673 (1) Engineered Components & Systems segment operating loss includes impairment & divestiture charges of $36.5 million for the three months ended November 30, 2018. November 30, 2018 August 31, 2018 Assets: Industrial Tools & Services $ 588,003 $ 589,932 Engineered Components & Systems 655,978 657,370 General Corporate 206,052 234,036 $ 1,450,033 $ 1,481,338

Guarantor Subsidiaries (Tables)

Guarantor Subsidiaries (Tables)	3 Months Ended
Guarantor Subsidiaries (Tables)	Nov. 30, 2018
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 LOSS (in thousands) Three Months Ended November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 40,290 $ 95,822 $ 156,419 $ — $ 292,531 Cost of products sold 9,881 70,596 107,046 — 187,523 Gross profit 30,409 25,226 49,373 — 105,008 Selling, administrative and engineering expenses 20,966 18,314 33,912 — 73,192 Amortization of intangible assets 318 2,692 1,268 — 4,278 Restructuring charges — (93 ) 496 — 403 Impairment & divestiture charges — 10,220 26,233 — 36,453 Operating profit (loss) 9,125 (5,907 ) (12,536 ) — (9,318 ) Financing costs (income), net 7,551 — (256 ) — 7,295 Intercompany (income) expense, net (4,053 ) 6,491 (2,438 ) — — Other (income) expense, net (216 ) 7 1,120 — 911 Earnings (loss) before income tax (benefit) expense 5,843 (12,405 ) (10,962 ) — (17,524 ) Income tax (benefit) expense (2,706 ) (102 ) 2,736 (72 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 8,549 (12,303 ) (13,698 ) — (17,452 ) Equity in (loss) earnings of subsidiaries (26,001 ) (13,132 ) 1,255 37,878 — Net loss (17,452 ) (25,435 ) (12,443 ) 37,878 (17,452 ) Comprehensive loss $ (25,396 ) $ (25,434 ) $ (20,119 ) $ 45,553 $ (25,396 ) CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (in thousands) Three Months Ended November 30, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 35,710 $ 87,834 $ 165,411 $ — $ 288,955 Cost of products sold 6,963 64,574 116,507 — 188,044 Gross profit 28,747 23,260 48,904 — 100,911 Selling, administrative and engineering expenses 19,715 18,448 36,315 — 74,478 Amortization of intangible assets 318 2,861 1,952 — 5,131 Restructuring charges 5,356 169 1,104 — 6,629 Operating profit 3,358 1,782 9,533 — 14,673 Financing costs (income), net 7,623 21 (130 ) — 7,514 Intercompany (income) expense, net (4,877 ) 5,484 (607 ) — — Other (income) expense, net (50 ) 45 334 — 329 Earnings (loss) before income tax (benefit) expense 662 (3,768 ) 9,936 — 6,830 Income tax (benefit) expense (285 ) 437 1,452 — 1,604 Net earnings (loss) before equity in earnings (loss) of subsidiaries 947 (4,205 ) 8,484 — 5,226 Equity in earnings (loss) of subsidiaries 4,279 8,793 (46 ) (13,026 ) — Net earnings 5,226 4,588 8,438 (13,026 ) 5,226 Comprehensive income $ 8,251 $ 4,588 $ 11,566 $ (16,154 ) $ 8,251
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 41,371 $ — $ 162,072 $ — $ 203,443 Accounts receivable, net 18,511 40,803 131,876 — 191,190 Inventories, net 25,035 51,389 78,340 — 154,764 Assets held for sale — 79,748 26,445 — 106,193 Other current assets 11,761 1,824 38,160 — 51,745 Total current assets 96,678 173,764 436,893 — 707,335 Property, plant & equipment, net 7,828 16,557 54,775 — 79,160 Goodwill 38,847 184,121 254,392 — 477,360 Other intangibles, net 6,566 97,932 48,221 — 152,719 Investment in subsidiaries 1,806,237 1,198,123 807,031 (3,811,391 ) — Intercompany receivable — 616,713 208,731 (825,444 ) — Other long-term assets 12,745 339 20,375 — 33,459 Total assets $ 1,968,901 $ 2,287,549 $ 1,830,418 $ (4,636,835 ) $ 1,450,033 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 13,915 $ 20,468 $ 89,684 $ — $ 124,067 Accrued compensation and benefits 10,509 2,938 22,896 — 36,343 Current maturities of debt and short-term borrowings 30,000 — — — 30,000 Income taxes payable — — 8,215 — 8,215 Liabilities held for sale — 12,951 57,079 — 70,030 Other current liabilities 18,207 6,481 39,026 — 63,714 Total current liabilities 72,631 42,838 216,900 — 332,369 Long-term debt 495,384 — — — 495,384 Deferred income taxes 15,426 — 1,505 — 16,931 Pension and post-retirement benefit liabilities 7,632 — 7,039 — 14,671 Other long-term liabilities 47,348 285 5,480 — 53,113 Intercompany payable 792,915 32,529 — (825,444 ) — Shareholders’ equity 537,565 2,211,897 1,599,494 (3,811,391 ) 537,565 Total liabilities and shareholders’ equity $ 1,968,901 $ 2,287,549 $ 1,830,418 $ (4,636,835 ) $ 1,450,033 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 67,649 $ — $ 182,841 $ — $ 250,490 Accounts receivable, net 19,969 54,822 112,958 — 187,749 Inventories, net 22,570 59,391 74,395 — 156,356 Assets held for sale — — 23,573 — 23,573 Other current assets 7,358 4,759 30,615 — 42,732 Total current assets 117,546 118,972 424,382 — 660,900 Property, plant & equipment, net 7,937 26,408 55,875 — 90,220 Goodwill 38,847 203,543 270,022 — 512,412 Other intangible assets, net 6,884 121,793 52,360 — 181,037 Investment in subsidiaries 1,836,954 1,211,781 789,917 (3,838,652 ) — Intercompany receivables — 622,646 200,173 (822,819 ) — Other long-term assets 12,955 366 23,448 — 36,769 Total assets $ 2,021,123 $ 2,305,509 $ 1,816,177 $ (4,661,471 ) $ 1,481,338 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 15,890 $ 29,022 $ 85,926 $ — $ 130,838 Accrued compensation and benefits 22,171 9,804 22,533 — 54,508 Current maturities of debt 30,000 — — — 30,000 Income taxes payable — — 4,091 — 4,091 Liabilities held for sale — — 44,225 — 44,225 Other current liabilities 17,379 11,078 38,842 — 67,299 Total current liabilities 85,440 49,904 195,617 — 330,961 Long-term debt 502,695 — — — 502,695 Deferred income taxes 17,467 — 4,466 — 21,933 Pension and post-retirement benefit liabilities 7,765 — 7,104 — 14,869 Other long-term liabilities 45,483 359 6,326 — 52,168 Intercompany payable 803,561 19,258 — (822,819 ) — Shareholders’ equity 558,712 2,235,988 1,602,664 (3,838,652 ) 558,712 Total liabilities and shareholders’ equity $ 2,021,123 $ 2,305,509 $ 1,816,177 $ (4,661,471 ) $ 1,481,338
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (16,275 ) $ 4,337 $ (17,172 ) $ — $ (29,110 ) Investing Activities Capital expenditures (423 ) (4,340 ) (2,903 ) — (7,666 ) Proceeds from sale of property, plant and equipment 8 3 — — 11 Cash used in investing activities (415 ) (4,337 ) (2,903 ) — (7,655 ) Financing Activities Principal repayments on term loan (7,500 ) — — — (7,500 ) Stock option exercises, related tax benefits and other 552 — — — 552 Taxes paid related to the net share settlement of equity awards (201 ) — — — (201 ) Cash Dividends (2,439 ) — — — (2,439 ) Cash used in financing activities (9,588 ) — — — (9,588 ) Effect of exchange rate changes on cash — — (694 ) — (694 ) Net decrease in cash and cash equivalents (26,278 ) — (20,769 ) — (47,047 ) Cash and cash equivalents—beginning of period 67,649 — 182,841 — 250,490 Cash and cash equivalents—end of period $ 41,371 $ — $ 162,072 $ — $ 203,443 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash (used in) provided by operating activities $ (9,838 ) $ 3,580 $ (14,200 ) $ — $ (20,458 ) Investing Activities Capital expenditures (1,478 ) (3,589 ) (2,837 ) — (7,904 ) Proceeds from sale of property, plant and equipment — 9 23 — 32 Rental asset lease buyout for Viking divestiture — — (27,718 ) — (27,718 ) Cash used in investing activities (1,478 ) (3,580 ) (30,532 ) — (35,590 ) Financing Activities Repayments on term loan (7,500 ) — — — (7,500 ) Stock option exercises and other 2,231 — — — 2,231 Taxes paid related to the net share settlement of equity awards (282 ) — — — (282 ) Cash dividend (2,390 ) — — — (2,390 ) Intercompany loan activity (5,954 ) — 5,954 — — Cash (used in) provided by financing activities (13,895 ) — 5,954 — (7,941 ) Effect of exchange rate changes on cash — — (532 ) — (532 ) Net decrease in cash and cash equivalents (25,211 ) — (39,310 ) — (64,521 ) Cash and cash equivalents—beginning of period 34,715 — 194,856 — 229,571 Cash and cash equivalents—end of period $ 9,504 $ — $ 155,546 $ — $ 165,050

Basis of Presentation Basis o_2

Basis of Presentation Basis of Presentation (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Condensed Statement of Income Captions [Line Items]
AOCI - Foreign Currency Translation Adjustment, net of tax	$ 166,673	$ 158,497
AOCI - Pension and other postretirement benefit plans, net of tax	15,516	15,748
Total shareholders’ equity	(537,565)	(558,712)
AOCI Attributable to Parent [Member]
Condensed Statement of Income Captions [Line Items]
Total shareholders’ equity	$ 182,189	$ 174,245

Basis of Presentation Accountin

Basis of Presentation Accounting Policies (Details) - Accounting Standards Update 2014-09 [Member] - USD ($) $ in Millions	Nov. 30, 2018	Sep. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 0.4
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		$ 0.1

Revenue Recognition Disaggreg_2

Revenue Recognition Disaggregation of Revenue (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2018USD ($)
Disaggregation of Revenue [Line Items]
Revenues	$ 292,531
Industrial Tools & Services [Member] [Domain]
Disaggregation of Revenue [Line Items]
Revenues	148,655
Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	102,768
Service & Rental [Member]
Disaggregation of Revenue [Line Items]
Revenues	45,887
Engineered Components & Systems [Member] [Domain]
Disaggregation of Revenue [Line Items]
Revenues	143,876
On-Highway [Member]
Disaggregation of Revenue [Line Items]
Revenues	60,591
Agriculture, Off-Highway and Other
Disaggregation of Revenue [Line Items]
Revenues	53,884
Rope & Cable Solutions [Member]
Disaggregation of Revenue [Line Items]
Revenues	16,166
Concrete Tensioning [Member]
Disaggregation of Revenue [Line Items]
Revenues	13,235
Revenue Recognized at a Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	240,622
Revenue Recognized Over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 51,909

Revenue Recognition Contract _2

Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 191,190	$ 187,749
Contract assets	7,048	6,367
Contract liabilities	14,978	$ 16,484
Revenue, Remaining Performance Obligation, Remainder of 2019	$ 14,800

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
Restructuring Charges (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 3,694	$ 5,637
Restructuring Charges	403	6,629
Cash payments	(1,119)	(2,764)
Other non-cash uses of reserve	(239)	(2,497)
Impact of changes in foreign currency rates	(34)	(163)
Ending Balance	2,705	6,842
Industrial Tools & Services [Member] [Domain]
Restructuring Reserve [Roll Forward]
Beginning Balance	1,687	1,499
Restructuring Charges	(29)	1,405
Cash payments	(922)	(910)
Other non-cash uses of reserve	(79)	(427)
Impact of changes in foreign currency rates	(21)	0
Ending Balance	636	1,567
Engineered Components & Systems [Member] [Domain]
Restructuring Reserve [Roll Forward]
Beginning Balance	1,592	4,108
Restructuring Charges	432	1,050
Cash payments	(151)	(1,509)
Other non-cash uses of reserve	209	(51)
Impact of changes in foreign currency rates	(13)	(163)
Ending Balance	2,069	3,435
General Corporate
Restructuring Reserve [Roll Forward]
Beginning Balance	415	30
Restructuring Charges	0	4,174
Cash payments	(46)	(345)
Other non-cash uses of reserve	(369)	(2,019)
Impact of changes in foreign currency rates	0	0
Ending Balance	$ 0	$ 1,840

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details) - USD ($) $ in Thousands	May 11, 2018	Dec. 01, 2017	Nov. 30, 2018	Nov. 30, 2017
Business Acquisition [Line Items]
Goodwill, Acquired During Period			$ 253
Equalizer [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement	May 11, 2018
Cash paid for business acquisitions, Net of Cash Acquired	$ 5,800
Goodwill, Acquired During Period	2,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,100
Equalizer [Member] \| Tradenames
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	800
Mirage Machines [Domain]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement		Dec. 1, 2017
Cash paid for business acquisitions, Net of Cash Acquired		$ 17,400
Goodwill, Acquired During Period		10,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		4,100
Acquisition Costs, Period Cost				$ 200
Mirage Machines [Domain] \| Tradenames
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		2,300
FY18 Acquisitions (Mirage Machines and Equalizer) [Domain]
Business Acquisition [Line Items]
Net sales			$ 3,500
Customer relationships \| Equalizer [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,100
Customer relationships \| Mirage Machines [Domain]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		$ 1,800
Patents \| Equalizer [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 200

Divestiture Activities (Details

Divestiture Activities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 19, 2018	Nov. 30, 2018	Nov. 30, 2017	Feb. 28, 2018	Aug. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges			$ 36,453	$ 0
Asset Impairment Charges			21,137
Cortland Fibron [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges						$ 46,331
Income Tax Benefit Related to Write Down of Assets						$ 1,400
FY19 Held for Sale Entities [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges			36,453
Asset Impairment Charges			21,137
Income Tax Benefit Related to Write Down of Assets			2,600
Disposal Group, Not Discontinued Operation, annual revenue			29,400	28,000
Cumulative Effect of Foreign Currency Rate Change Since Acquisition			13,700
Other Divestiture Charges			$ 1,700
Viking [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, annual revenue				$ 2,700
Proceeds from sale of business, net of transaction costs					$ 8,780
Divestiture Charges					12,400
Business Exit Costs					3,000
Discrete Income Tax Expense					$ 9,400
Cortland Fibron [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business, net of transaction costs		$ 12,500
Maximum Disposal Charges		4,000
Cortland Fibron and Precision Hayes [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Minimum Disposal Charges		$ 2,000
Precision Hayes [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business, net of transaction costs	$ 23,600

Divestiture Activities Schedule

Divestiture Activities Schedule of Assets and Liabilities Held for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Aug. 31, 2018
Schedule of Assets and Liabilities Held for Sale [Line Items]
Assets Held-for-Sale	$ 106,193		$ 23,573
Liabilities held for sale	70,030		44,225
FY19 Held for Sale Entities [Domain]
Schedule of Assets and Liabilities Held for Sale [Line Items]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	15,957
Disposal Group, Including Discontinued Operation, Inventory, Current	22,645
Disposal Group, Including Discontinued Operation, Other Assets, Current	3,654
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	13,546
Divestiture Activity, Asset Held for Sale, Goodwill and other Intangible Assets	46,246
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	4,145
Assets Held-for-Sale	106,193
Disposal Group, Including Discontinued Operation, Accounts Payable, Current	11,669
Divestiture Activity, Liability Held for Sale, Accrued Compensation	1,915
Divestiture Activity, Liability Held for Sale, Reserve for Cumulative Translation Adjustment	48,267
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	3,077
Disposal Group, Including Discontinued Operation, Accrued Income Tax Payable, Noncurrent	5,010
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	92
Liabilities held for sale	70,030
Disposal Group, Not Discontinued Operation, annual revenue	$ 29,400	$ 28,000
Cortland Fibron [Domain]
Schedule of Assets and Liabilities Held for Sale [Line Items]
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net			2,924
Disposal Group, Including Discontinued Operation, Inventory, Current			2,597
Disposal Group, Including Discontinued Operation, Other Assets, Current			3,267
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent			2,186
Divestiture Activity, Asset Held for Sale, Goodwill and other Intangible Assets			12,464
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent			135
Assets Held-for-Sale			23,573
Disposal Group, Including Discontinued Operation, Accounts Payable, Current			3,915
Divestiture Activity, Liability Held for Sale, Accrued Compensation			1,414
Divestiture Activity, Liability Held for Sale, Reserve for Cumulative Translation Adjustment			35,346
Disposal Group, Including Discontinued Operation, Other Liabilities, Current			1,269
Disposal Group, Including Discontinued Operation, Accrued Income Tax Payable, Noncurrent			2,281
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent			0
Liabilities held for sale			$ 44,225

Changes in Carrying Value of Go

Changes in Carrying Value of Goodwill (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2018USD ($)
Goodwill [Roll Forward]
Balance as of August 31, 2018	$ 512,412
Goodwill, Acquired During Period	253
Goodwill, Impairment Loss	(10,166)
Goodwill, Reclassification of Assets Held for Sale	(20,206)
Impact of changes in foreign currency rates	(4,933)
Balance as of November 30, 2018	477,360
Industrial Tools & Services [Member] [Domain]
Goodwill [Roll Forward]
Balance as of August 31, 2018	248,705
Goodwill, Acquired During Period	253
Goodwill, Impairment Loss	0
Goodwill, Reclassification of Assets Held for Sale	0
Impact of changes in foreign currency rates	(2,093)
Balance as of November 30, 2018	246,865
Engineered Components & Systems [Member] [Domain]
Goodwill [Roll Forward]
Balance as of August 31, 2018	263,707
Goodwill, Acquired During Period	0
Goodwill, Impairment Loss	(10,166)
Goodwill, Reclassification of Assets Held for Sale	(20,206)
Impact of changes in foreign currency rates	(2,840)
Balance as of November 30, 2018	$ 230,495

Gross Carrying Amount and Accum

Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Aug. 31, 2018
Indefinite And Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 151,964	$ 193,941
Gross Carrying Value	304,683	374,978
Net Book Value	152,719	181,037
Tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	0	0
Net Book Value	83,531	87,253
Gross Carrying Value	$ 83,531	87,253
Customer relationships
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Carrying Value	$ 188,316	230,601
Accumulated Amortization	123,129	147,451
Net Book Value	$ 65,187	83,150
Patents
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	11 years
Gross Carrying Value	$ 20,831	30,355
Accumulated Amortization	18,757	25,327
Net Book Value	$ 2,074	5,028
Trademarks and tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Carrying Value	$ 6,862	20,823
Accumulated Amortization	5,008	15,347
Net Book Value	$ 1,854	5,476
Other intangibles
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	3 years
Gross Carrying Value	$ 5,143	5,946
Accumulated Amortization	5,070	5,816
Net Book Value	$ 73	$ 130

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Details) $ in Millions	Nov. 30, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Future Amortization Expense, Remainder of 2019	$ 10.2
Future Amortization Expense, 2020	12.9
Future Amortization Expense, 2021	12.2
Future Amortization Expense, 2022	10.5
Future Amortization Expense, 2023	7.7
Future Amortization Expense, 2024	6.5
Future Amortization Expense, Thereafter	$ 9.2

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Summary of Asset Impairment Charges (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2018USD ($)
Impaired Assets [Line Items]
Goodwill, Impairment Loss	$ 10,166
Impairment of Intangible Assets, Finite-lived	8,264
Impairment Charge Representing Excess of the Net Book Value of Assets Held for Sale to the Anticipated Proceeds	1,477
Tangible Asset Impairment Charges	1,230
Asset Impairment Charges	21,137
FY19 Held for Sale Entities [Domain]
Impaired Assets [Line Items]
Asset Impairment Charges	21,137
Cortland businesses [Domain]
Impaired Assets [Line Items]
Goodwill, Impairment Loss	10,166
Impairment of Intangible Assets, Finite-lived	0
Impairment Charge Representing Excess of the Net Book Value of Assets Held for Sale to the Anticipated Proceeds	1,477
Tangible Asset Impairment Charges	0
Asset Impairment Charges	11,643
Precision-Hayes International [Member]
Impaired Assets [Line Items]
Goodwill, Impairment Loss	0
Impairment of Intangible Assets, Finite-lived	8,264
Impairment Charge Representing Excess of the Net Book Value of Assets Held for Sale to the Anticipated Proceeds	0
Tangible Asset Impairment Charges	1,230
Asset Impairment Charges	$ 9,494

Rollforward of Accrued Product

Rollforward of Accrued Product Warranty Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 4,417	$ 6,616
Provision for warranties	1,626	1,531
Standard and Extended Product Warranty Accrual, Decrease for Payments	(944)	(1,145)
Standard Extended Product Warranty Accrual, Decrease for Reclass of Liabilities Held for Sale	(38)	0
Impact of changes in foreign currency rates	(64)	(8)
Ending balance	$ 4,997	$ 6,994

Long-Term Indebtedness (Details

Long-Term Indebtedness (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Debt Instrument [Line Items]
Total Senior Indebtedness	$ 527,559	$ 535,059
Less: Current maturities of long-term debt	(30,000)	(30,000)
Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Net	(2,175)	(2,364)
Long-term debt	495,384	502,695
Line of Credit
Debt Instrument [Line Items]
Total Senior Indebtedness	240,000	247,500
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	240,000	247,500
Senior Notes \| 5.625% Senior Notes
Debt Instrument [Line Items]
Senior Notes, Noncurrent	$ 287,559	$ 287,559

Debt - Additional Information (

Debt - Additional Information (Details) $ in Thousands	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Apr. 16, 2012USD ($)	Nov. 30, 2018USD ($)
Debt Instrument [Line Items]
Senior credit facility expansion option, available				$ 450,000
Debt Instrument, actual interest rate				4.38%
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				$ 300,000
Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity				300,000
Line of Credit \| Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Unused credit line				298,800
Unused credit line Available for Borrowing, Amount				$ 237,873
Senior Notes \| 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				Jun. 15, 2022
Debt Instrument, Face Amount			$ 300,000
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			101.88%
Starting on June 30, 2016 \| Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan		$ 3,800
Starting on June 30, 2017 \| Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan	$ 7,500

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 158	$ 396
Senior Notes \| 5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 289,400	$ 293,500

Derivatives Narrative (Details)

Derivatives Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
Derivatives Narrative (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Nov. 30, 2017	Aug. 31, 2018
Derivative [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 158		$ 396
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives and Not Designated as Hedging Instruments at Fair Value	370	$ 214
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 22,000		$ 17,000

Capital Stock and Share Repur_3

Capital Stock and Share Repurchase Share Repurchase (Details) - USD ($) $ in Millions	Nov. 30, 2018	Aug. 31, 2018
Equity [Abstract]
Treasury Stock, Shares	20,439,434	20,439,434
Stock Repurchase Program, Authorized Amount	$ 617.7
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	7,560,566

Capital Stock (Details)

Capital Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Earnings Per Share [Abstract]
Net (loss) earnings	$ (17,452)	$ 5,226
Weighted average common shares outstanding - basic	61,031	59,871
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	738
Diluted	61,031	60,609
Basic	$ (0.29)	$ 0.09
Diluted	$ (0.29)	$ 0.09
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) (1)	2,973	1,829

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		4 Months Ended	11 Months Ended	12 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Dec. 31, 2017	Nov. 30, 2018	Aug. 31, 2019	Aug. 31, 2018
Income Tax Disclosure Additional Details [Table] [Line Items]
Earnings (loss) before income taxes	$ (17,524)	$ 6,830
Income tax (benefit) expense	$ (72)	$ 1,604
Effective Income Tax Rate Reconciliation, Percent	0.40%	23.50%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%	21.00%
Impairment & divestiture charges	$ 36,453	$ 0
Impairment and other divestiture charges, net of tax	$ 33,836	$ 0
Effective Income Tax Rate, Percent, Excluding Impairment & Divestiture Charges	13.40%
Percent of Revenue (excluding impairment charge) from foreign jurisdictions					70.00%	80.00%
Effective Income Tax Rate Reconciliation, Deduction, Percent		12.20%
Asset Impairment Charge Income Tax Benefit	$ 2,600
Income Tax Benefit, Foreign Tax Credit Carryforward	1,100
FY19 Held for Sale Entities [Domain]
Income Tax Disclosure Additional Details [Table] [Line Items]
Impairment & divestiture charges	36,453
Impairment and other divestiture charges, net of tax	$ 33,800

Summary of Financial Informatio

Summary of Financial Information by Reportable Segment and Product Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Aug. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 292,531	$ 288,955
Operating Profit (Loss)	(9,318)	14,673
Assets	1,450,033		$ 1,481,338
Impairment & divestiture charges	36,453	0
Industrial Tools & Services [Member] [Domain]
Segment Reporting Information [Line Items]
Net sales	148,655	141,991
Operating Profit (Loss)	26,374	20,836
Assets	588,003		589,932
Products [Member]
Segment Reporting Information [Line Items]
Net sales	102,768	101,120
Service & Rental [Member]
Segment Reporting Information [Line Items]
Net sales	45,887	40,871
Engineered Components & Systems [Member] [Domain]
Segment Reporting Information [Line Items]
Net sales	143,876	146,964
Operating Profit (Loss)	(28,292)	4,035
Assets	655,978		657,370
On-Highway [Member]
Segment Reporting Information [Line Items]
Net sales	60,591	64,883
Agriculture, Off-Highway and Other
Segment Reporting Information [Line Items]
Net sales	53,884	51,316
Rope & Cable Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	16,166	16,386
Concrete Tensioning [Member]
Segment Reporting Information [Line Items]
Net sales	13,235	11,634
Off-Shore Mooring [Member]
Segment Reporting Information [Line Items]
Net sales	0	2,745
General Corporate
Segment Reporting Information [Line Items]
Operating Profit (Loss)	(7,400)	$ (10,197)
Assets	206,052		$ 234,036
FY19 Held for Sale Entities [Domain]
Segment Reporting Information [Line Items]
Impairment & divestiture charges	$ 36,453

Contingencies and Litigation -

Contingencies and Litigation - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2018	Nov. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 23.6	$ 15.7
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discounted present value of future minimum lease payments		$ 10.4
Weighted Average Discount Rate on Future Minimum Lease Payments		3.30%
Sales to Iranian Distributors	$ 0.5

Guarantor Subsidiaries - Additi

Guarantor Subsidiaries - Additional Information (Details) - 5.625% Senior Notes - Senior Notes - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018	Apr. 16, 2012
Guarantor Obligations [Line Items]
Debt Instrument, Face Amount			$ 300,000
Senior Notes, Noncurrent	$ 287,559	$ 287,559
Debt instrument, interest rate			5.625%

Condensed Consolidating Stateme

Condensed Consolidating Statements of Earnings and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 292,531	$ 288,955
Cost of products sold	187,523	188,044
Gross profit	105,008	100,911
Selling, administrative and engineering expenses	73,192	74,478
Amortization of intangible assets	4,278	5,131
Restructuring Charges	403	6,629
Impairment & divestiture charges	36,453	0
Operating (loss) profit	(9,318)	14,673
Financing costs, net	7,295	7,514
Intercompany Expense (Income) Net	0	0
Other (income) expense, net	911	329
(Loss) earnings before income tax (benefit) expense	(17,524)	6,830
Income tax (benefit) expense	(72)	1,604
Net earnings (loss) before equity in (loss) earnings of subsidiaries	(17,452)	5,226
Equity In Earnings Of Subsidiaries	0	0
Net (loss) earnings	(17,452)	5,226
Comprehensive (loss) income	(25,396)	8,251
Reportable Legal Entities \| Parent
Condensed Financial Statements, Captions [Line Items]
Net sales	40,290	35,710
Cost of products sold	9,881	6,963
Gross profit	30,409	28,747
Selling, administrative and engineering expenses	20,966	19,715
Amortization of intangible assets	318	318
Restructuring Charges	0	5,356
Impairment & divestiture charges	0
Operating (loss) profit	9,125	3,358
Financing costs, net	7,551	7,623
Intercompany Expense (Income) Net	(4,053)	(4,877)
Other (income) expense, net	(216)	(50)
(Loss) earnings before income tax (benefit) expense	5,843	662
Income tax (benefit) expense	(2,706)	(285)
Net earnings (loss) before equity in (loss) earnings of subsidiaries	8,549	947
Equity In Earnings Of Subsidiaries	(26,001)	4,279
Net (loss) earnings	(17,452)	5,226
Comprehensive (loss) income	(25,396)	8,251
Reportable Legal Entities \| Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	95,822	87,834
Cost of products sold	70,596	64,574
Gross profit	25,226	23,260
Selling, administrative and engineering expenses	18,314	18,448
Amortization of intangible assets	2,692	2,861
Restructuring Charges	(93)	169
Impairment & divestiture charges	10,220
Operating (loss) profit	(5,907)	1,782
Financing costs, net	0	21
Intercompany Expense (Income) Net	6,491	5,484
Other (income) expense, net	7	45
(Loss) earnings before income tax (benefit) expense	(12,405)	(3,768)
Income tax (benefit) expense	(102)	437
Net earnings (loss) before equity in (loss) earnings of subsidiaries	(12,303)	(4,205)
Equity In Earnings Of Subsidiaries	(13,132)	8,793
Net (loss) earnings	(25,435)	4,588
Comprehensive (loss) income	(25,434)	4,588
Reportable Legal Entities \| Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	156,419	165,411
Cost of products sold	107,046	116,507
Gross profit	49,373	48,904
Selling, administrative and engineering expenses	33,912	36,315
Amortization of intangible assets	1,268	1,952
Restructuring Charges	496	1,104
Impairment & divestiture charges	26,233
Operating (loss) profit	(12,536)	9,533
Financing costs, net	(256)	(130)
Intercompany Expense (Income) Net	(2,438)	(607)
Other (income) expense, net	1,120	334
(Loss) earnings before income tax (benefit) expense	(10,962)	9,936
Income tax (benefit) expense	2,736	1,452
Net earnings (loss) before equity in (loss) earnings of subsidiaries	(13,698)	8,484
Equity In Earnings Of Subsidiaries	1,255	(46)
Net (loss) earnings	(12,443)	8,438
Comprehensive (loss) income	(20,119)	11,566
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0
Cost of products sold	0	0
Gross profit	0	0
Selling, administrative and engineering expenses	0	0
Amortization of intangible assets	0	0
Restructuring Charges	0	0
Impairment & divestiture charges	0
Operating (loss) profit	0	0
Financing costs, net	0	0
Intercompany Expense (Income) Net	0	0
Other (income) expense, net	0	0
(Loss) earnings before income tax (benefit) expense	0	0
Income tax (benefit) expense		0
Net earnings (loss) before equity in (loss) earnings of subsidiaries	0	0
Equity In Earnings Of Subsidiaries	37,878	(13,026)
Net (loss) earnings	37,878	(13,026)
Comprehensive (loss) income	$ 45,553	$ (16,154)

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Nov. 30, 2018	Aug. 31, 2018	Nov. 30, 2017	Aug. 31, 2017
Current assets
Cash and cash equivalents	$ 203,443	$ 250,490	$ 165,050	$ 229,571
Accounts receivable, net	191,190	187,749
Inventories, net	154,764	156,356
Assets Held-for-Sale	106,193	23,573
Other current assets	51,745	42,732
Total current assets	707,335	660,900
Property, Plant and Equipment, Net	79,160	90,220
Goodwill	477,360	512,412
Other intangibles, net	152,719	181,037
Investments in subsidiaries	0	0
Intercompany Receivable	0	0
Other long-term assets	33,459	36,769
Total assets	1,450,033	1,481,338
Current liabilities
Trade accounts payable	124,067	130,838
Accrued compensation and benefits	36,343	54,508
Current maturities of debt and short-term borrowings	30,000	30,000
Income taxes payable	8,215	4,091
Liabilities held for sale	70,030	44,225
Other current liabilities	63,714	67,299
Total current liabilities	332,369	330,961
Long-term debt	495,384	502,695
Deferred income taxes	16,931	21,933
Pension and postretirement benefit liabilities	14,671	14,869
Other long-term liabilities	53,113	52,168
Intercompany Payable	0	0
Total shareholders’ equity	(537,565)	(558,712)
Total liabilities and shareholders’ equity	1,450,033	1,481,338
Reportable Legal Entities \| Parent
Current assets
Cash and cash equivalents	41,371	67,649	9,504	34,715
Accounts receivable, net	18,511	19,969
Inventories, net	25,035	22,570
Assets Held-for-Sale	0	0
Other current assets	11,761	7,358
Total current assets	96,678	117,546
Property, Plant and Equipment, Net	7,828	7,937
Goodwill	38,847	38,847
Other intangibles, net	6,566	6,884
Investments in subsidiaries	1,806,237	1,836,954
Intercompany Receivable	0	0
Other long-term assets	12,745	12,955
Total assets	1,968,901	2,021,123
Current liabilities
Trade accounts payable	13,915	15,890
Accrued compensation and benefits	10,509	22,171
Current maturities of debt and short-term borrowings	30,000	30,000
Income taxes payable	0	0
Liabilities held for sale	0	0
Other current liabilities	18,207	17,379
Total current liabilities	72,631	85,440
Long-term debt	495,384	502,695
Deferred income taxes	15,426	17,467
Pension and postretirement benefit liabilities	7,632	7,765
Other long-term liabilities	47,348	45,483
Intercompany Payable	792,915	803,561
Total shareholders’ equity	(537,565)	(558,712)
Total liabilities and shareholders’ equity	1,968,901	2,021,123
Reportable Legal Entities \| Guarantors
Current assets
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	40,803	54,822
Inventories, net	51,389	59,391
Assets Held-for-Sale	79,748	0
Other current assets	1,824	4,759
Total current assets	173,764	118,972
Property, Plant and Equipment, Net	16,557	26,408
Goodwill	184,121	203,543
Other intangibles, net	97,932	121,793
Investments in subsidiaries	1,198,123	1,211,781
Intercompany Receivable	616,713	622,646
Other long-term assets	339	366
Total assets	2,287,549	2,305,509
Current liabilities
Trade accounts payable	20,468	29,022
Accrued compensation and benefits	2,938	9,804
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	0
Liabilities held for sale	12,951	0
Other current liabilities	6,481	11,078
Total current liabilities	42,838	49,904
Long-term debt	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	285	359
Intercompany Payable	32,529	19,258
Total shareholders’ equity	(2,211,897)	(2,235,988)
Total liabilities and shareholders’ equity	2,287,549	2,305,509
Reportable Legal Entities \| Non-Guarantors
Current assets
Cash and cash equivalents	162,072	182,841	155,546	194,856
Accounts receivable, net	131,876	112,958
Inventories, net	78,340	74,395
Assets Held-for-Sale	26,445	23,573
Other current assets	38,160	30,615
Total current assets	436,893	424,382
Property, Plant and Equipment, Net	54,775	55,875
Goodwill	254,392	270,022
Other intangibles, net	48,221	52,360
Investments in subsidiaries	807,031	789,917
Intercompany Receivable	208,731	200,173
Other long-term assets	20,375	23,448
Total assets	1,830,418	1,816,177
Current liabilities
Trade accounts payable	89,684	85,926
Accrued compensation and benefits	22,896	22,533
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	8,215	4,091
Liabilities held for sale	57,079	44,225
Other current liabilities	39,026	38,842
Total current liabilities	216,900	195,617
Long-term debt	0	0
Deferred income taxes	1,505	4,466
Pension and postretirement benefit liabilities	7,039	7,104
Other long-term liabilities	5,480	6,326
Intercompany Payable	0	0
Total shareholders’ equity	(1,599,494)	(1,602,664)
Total liabilities and shareholders’ equity	1,830,418	1,816,177
Eliminations
Current assets
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Assets Held-for-Sale	0	0
Other current assets	0	0
Total current assets	0	0
Property, Plant and Equipment, Net	0	0
Goodwill	0	0
Other intangibles, net	0	0
Investments in subsidiaries	(3,811,391)	(3,838,652)
Intercompany Receivable	(825,444)	(822,819)
Other long-term assets	0	0
Total assets	(4,636,835)	(4,661,471)
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
Liabilities held for sale	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	0	0
Intercompany Payable	(825,444)	(822,819)
Total shareholders’ equity	3,811,391	3,838,652
Total liabilities and shareholders’ equity	$ (4,636,835)	$ (4,661,471)

Condensed Consolidating State_2

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017
Operating Activities
Net cash (used in) provided by operating activities	$ (29,110)	$ (20,458)
Investing Activities
Capital expenditures	(7,666)	(7,904)
Proceeds from sale of property, plant and equipment	11	32
Rental asset lease buyout for Viking divestiture	0	(27,718)
Cash used in investing activities	(7,655)	(35,590)
Financing Activities
Principal repayments on term loan	(7,500)	(7,500)
Stock option exercises and other	552	2,231
Taxes paid related to the net share settlement of equity awards	(201)	(282)
Cash dividend	(2,439)	(2,390)
Intercompany Loan Activity		0
Cash used in financing activities	(9,588)	(7,941)
Effect of exchange rate changes on cash	(694)	(532)
Net decrease in cash and cash equivalents	(47,047)	(64,521)
Cash and cash equivalents - beginning of period	250,490	229,571
Cash and cash equivalents - end of period	203,443	165,050
Reportable Legal Entities \| Parent
Operating Activities
Net cash (used in) provided by operating activities	(16,275)	(9,838)
Investing Activities
Capital expenditures	(423)	(1,478)
Proceeds from sale of property, plant and equipment	8	0
Rental asset lease buyout for Viking divestiture		0
Cash used in investing activities	(415)	(1,478)
Financing Activities
Principal repayments on term loan	(7,500)	(7,500)
Stock option exercises and other	552	2,231
Taxes paid related to the net share settlement of equity awards	(201)	(282)
Cash dividend	(2,439)	(2,390)
Intercompany Loan Activity		(5,954)
Cash used in financing activities	(9,588)	(13,895)
Effect of exchange rate changes on cash	0	0
Net decrease in cash and cash equivalents	(26,278)	(25,211)
Cash and cash equivalents - beginning of period	67,649	34,715
Cash and cash equivalents - end of period	41,371	9,504
Reportable Legal Entities \| Guarantors
Operating Activities
Net cash (used in) provided by operating activities	4,337	3,580
Investing Activities
Capital expenditures	(4,340)	(3,589)
Proceeds from sale of property, plant and equipment	3	9
Rental asset lease buyout for Viking divestiture		0
Cash used in investing activities	(4,337)	(3,580)
Financing Activities
Principal repayments on term loan	0	0
Stock option exercises and other	0	0
Taxes paid related to the net share settlement of equity awards	0	0
Cash dividend	0	0
Intercompany Loan Activity		0
Cash used in financing activities	0	0
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
Reportable Legal Entities \| Non-Guarantors
Operating Activities
Net cash (used in) provided by operating activities	(17,172)	(14,200)
Investing Activities
Capital expenditures	(2,903)	(2,837)
Proceeds from sale of property, plant and equipment	0	23
Rental asset lease buyout for Viking divestiture		(27,718)
Cash used in investing activities	(2,903)	(30,532)
Financing Activities
Principal repayments on term loan	0	0
Stock option exercises and other	0	0
Taxes paid related to the net share settlement of equity awards	0	0
Cash dividend	0	0
Intercompany Loan Activity		5,954
Cash used in financing activities	0	5,954
Effect of exchange rate changes on cash	(694)	(532)
Net decrease in cash and cash equivalents	(20,769)	(39,310)
Cash and cash equivalents - beginning of period	182,841	194,856
Cash and cash equivalents - end of period	162,072	155,546
Eliminations
Operating Activities
Net cash (used in) provided by operating activities	0	0
Investing Activities
Capital expenditures	0	0
Proceeds from sale of property, plant and equipment	0	0
Rental asset lease buyout for Viking divestiture		0
Cash used in investing activities	0	0
Financing Activities
Principal repayments on term loan	0	0
Stock option exercises and other	0	0
Taxes paid related to the net share settlement of equity awards	0	0
Cash dividend	0	0
Intercompany Loan Activity		0
Cash used in financing activities	0	0
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