Enerpac Tool (EPAC) 10-K 29 Oct 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Aug. 31, 2019	Sep. 30, 2019	Feb. 28, 2019
Document Documentand Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Aug. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	ACTUANT CORP
Entity Central Index Key	0000006955
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		60,536,922
Entity Public Float			$ 1,496,586,334
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Net sales	$ 654,758	$ 641,303	$ 616,591
Cost of products sold	362,106	358,019	356,221
Gross profit	292,652	283,284	260,370
Selling, administrative and engineering expenses	209,231	210,256	208,128
Amortization of intangible assets	8,922	9,280	9,097
Director & officer transition charges	0	0	7,784
Restructuring charges	4,156	10,555	3,234
Impairment & divestiture charges	22,827	2,987	116,979
Operating profit (loss)	47,516	50,206	(84,852)
Financing costs, net	28,163	30,872	29,221
Other expense, net	629	138	3,816
Earnings (loss) before income tax expense (benefit)	18,724	19,196	(117,889)
Income Tax Expense (Benefit)	10,657	14,450	(22,614)
Net Earnings (Loss) from Continuing Operations	8,067	4,746	(95,275)
Net (Loss) Earnings from Discontinued Operations	(257,212)	(26,394)	29,062
Net loss	$ (249,145)	$ (21,648)	$ (66,213)
Earnings per share:
Earnings (loss) per basic share from continuing operations	$ 0.13	$ 0.08	$ (1.60)
Earnings (loss) per diluted share from continuing operations	0.13	0.08	(1.60)
(Loss) earnings per basic share from Discontinued Operations	(4.21)	(0.44)	0.49
(Loss) earnings per diluted share from Discontinued Operations	(4.18)	(0.43)	0.49
Loss per share - Basic (in dollars per share)	(4.07)	(0.36)	(1.11)
Loss per share - Diluted (in dollars per share)	$ (4.04)	$ (0.35)	$ (1.11)
Weighted average common shares outstanding:
Basic (in shares)	61,151	60,441	59,436
Diluted (in shares)	61,607	61,028	59,436
Product [Member]
Net sales	$ 478,946	$ 489,623	$ 460,390
Cost of products sold	247,771	264,878	261,888
Service [Member]
Net sales	175,812	151,680	156,201
Cost of products sold	$ 114,335	$ 93,141	$ 94,333

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (249,145)	$ (21,648)	$ (66,213)
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(27,527)	49,307	20,470
Foreign currency translation adjustment related to divested business, net of tax	34,909	0	0
Pension and other postretirement benefit plans	(4,809)	3,709	4,092
Total other comprehensive income, net of tax	2,573	53,016	24,562
Comprehensive (loss) income	$ (246,572)	$ 31,368	$ (41,651)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Current assets
Cash and cash equivalents	$ 211,151	$ 250,490
Accounts receivable, net	125,883	123,261
Inventories, net	77,187	72,020
Assets from discontinued operations	285,578	568,933
Other current assets	30,526	32,529
Total current assets	730,325	1,047,233
Property, plant and equipment, net	56,729	54,974
Goodwill	260,415	280,132
Other intangible assets, net	52,375	71,657
Other long-term assets	24,430	31,221
Total assets	1,124,274	1,485,217
Current liabilities
Trade accounts payable	76,914	69,584
Accrued compensation and benefits	26,421	35,992
Current maturities of debt	7,500	30,000
Income taxes payable	4,838	4,091
Liabilities from discontinued operations	143,763	160,573
Other current liabilities	40,965	53,768
Total current liabilities	300,401	354,008
Long-term debt, net	452,945	502,695
Deferred income taxes	1,564	3,947
Pension and postretirement benefit liabilities	20,213	13,957
Other long-term liabilities	47,972	51,898
Total liabilities	823,095	926,505
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 81,920,679 and 81,423,584 shares, respectively	16,384	16,285
Additional paid-in capital	181,213	167,448
Treasury stock, at cost, 21,455,568 and 20,439,434 shares, respectively	(640,212)	(617,731)
Retained earnings	915,466	1,166,955
Accumulated other comprehensive loss	(171,672)	(174,245)
Stock held in trust	(3,070)	(2,450)
Deferred compensation liability	3,070	2,450
Total shareholders’ equity	301,179	558,712
Total liabilities and shareholders’ equity	$ 1,124,274	$ 1,485,217

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2019	Aug. 31, 2018
Treasury stock, shares	21,455,568	20,439,434
Common stock, par value	$ 0.20	$ 0.20
Common stock, shares authorized	168,000,000	168,000,000
Common stock, shares issued	81,920,679	81,423,584
Common Class A
Common stock, par value	$ 0.20
Common stock, shares authorized	168,000,000
Common stock, shares issued	81,920,679

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Aug. 31, 2019USD ($)	Aug. 31, 2018USD ($)	Aug. 31, 2017USD ($)
Operating Activities
Net loss	$ (249,145)	$ (21,648)	$ (66,213)
Net (Loss) Earnings from Discontinued Operations	(257,212)	(26,394)	29,062
Net Earnings (Loss) from Continuing Operations	8,067	4,746	(95,275)
Non-cash items:
Impairment and divestiture charges, net of tax effect	20,930	12,385	108,860
Depreciation and amortization	20,217	20,405	22,925
Stock-based compensation expense	10,882	11,333	14,939
Provision (benefit) for deferred income taxes	3,955	5,588	(8,706)
Amortization of debt discount and debt issuance costs	1,200	2,399	1,657
Other non-cash adjustments	405	285	505
Changes in components of working capital and other:
Accounts receivable	(4,993)	(7,462)	11,230
Inventories	(7,760)	(1,142)	(4,502)
Trade accounts payable	6,858	(1,872)	3,128
Prepaid expenses and other assets	5,269	(3,868)	(5,026)
Income taxes payable	(913)	17,354	(5,085)
Accrued compensation and benefits	(8,368)	1,609	283
Other accrued liabilities	(14,846)	10,156	3,159
Cash Provided by Operating Activities, Continuing Operations	40,903	71,916	48,092
Cash Provided by Operating Activities, Discontinued Operations	12,942	34,177	40,407
Cash provided by operating activities	53,845	106,093	88,499
Investing Activities
Capital expenditures	(14,923)	(11,021)	(17,238)
Proceeds from sale of property, plant and equipment	1,462	104	448
Rental asset buyout for Viking divestiture	0	(27,718)	0
Proceeds from sale of businesses, net of transaction costs	0	8,902	0
Cash paid for business acquisitions, net of cash acquired	0	(23,218)	0
Cash Used in Investing Activities, Continuing Operations	(13,461)	(52,951)	(16,790)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	24,507	(9,800)	(10,835)
Cash Provided by (Used in) Investing Activities	11,046	(62,751)	(27,625)
Financing Activities
Payment for redemption of term loan	(200,000)	0	0
Proceeds from issuance of term loan	200,000	0	0
Principal Repayments on Term Loan	(72,500)	(30,000)	(18,750)
Redemption of 5.625% Senior Notes	0	0	(500)
Purchase of treasury shares	(22,481)	0	0
Taxes paid related to the net share settlement of equity awards	(1,872)	(1,284)	(1,065)
Stock Option Exercises Related Tax Benefits And Other	1,900	15,681	8,265
Cash dividend	(2,439)	(2,390)	(2,358)
Payments of Debt Issuance Costs	(2,125)	0	0
Cash Used in Financing Activities, Continuing Operations	(99,517)	(17,993)	(14,408)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	0	(742)
Cash used in financing activities	(99,517)	(17,993)	(15,150)
Effect of Exchange Rate on Cash	(4,713)	(4,430)	4,243
Net increase in cash and cash equivalents	(39,339)	20,919	49,967
Cash and cash equivalents - beginning of period	250,490	229,571	179,604
Cash and cash equivalents - end of period	$ 211,151	$ 250,490	$ 229,571
Senior Notes | 5.625% Senior Notes
Financing Activities
Debt instrument, interest rate	5.625%		5.625%

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Stock Held in Trust	Deferred Compensation Liability
Shares, Issued at Aug. 31, 2016		79,393
Beginning Balance at Aug. 31, 2016	$ 520,950	$ 15,879	$ 114,980	$ (617,731)	$ 1,259,645	$ (251,823)	$ (2,646)	$ 2,646
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(66,213)				(66,213)
Total other comprehensive income (loss), net of tax	24,562					24,562
Company stock contribution to employee benefit plans and other (in shares)		17
Company stock contribution to employee benefit plans and other	893	$ 3	890
Restricted stock awards, vesting and withhold to cover (in shares)		397
Restricted stock awards issuance and vesting	0	$ 79	(79)
Cash dividend ($0.04 per share)	(2,390)				(2,390)
Stock based compensation expense	16,733		16,733
Proceeds from Stock Options Exercised	7,762
Stock option exercises (in shares)		374
Stock Issued During Period, Value, Stock Options Exercised	7,762	$ 75	7,687
Excess tax benefit (shortfall) on stock option exercises	(2,042)		(2,042)
Stock issued to, acquired for and distributed from rabbi trust (in shares)		19
Stock issued to, acquired for and distributed from rabbi trust	284	$ 4	280				(50)	50
Ending Balance at Aug. 31, 2017	500,539	$ 16,040	138,449	(617,731)	1,191,042	(227,261)	(2,696)	2,696
Shares, Issued at Aug. 31, 2017		80,200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(21,648)				(21,648)
Total other comprehensive income (loss), net of tax	53,016					53,016
Company stock contribution to employee benefit plans and other (in shares)		20
Company stock contribution to employee benefit plans and other	539	$ 4	535
Restricted stock awards, vesting and withhold to cover (in shares)		400
Restricted stock awards issuance and vesting	0	$ 80	(80)
Cash dividend ($0.04 per share)	(2,439)				(2,439)
Stock based compensation expense	14,457		14,457
Proceeds from Stock Options Exercised	15,140
Stock option exercises (in shares)		780
Stock Issued During Period, Value, Stock Options Exercised	15,140	$ 156	14,984
Adjustment to Additional Paid in Capital, Income Tax Effect from Net Settlement of Equity Awards	(1,281)		(1,281)
Stock issued to, acquired for and distributed from rabbi trust (in shares)		25
Stock issued to, acquired for and distributed from rabbi trust	389	$ 5	384				246	(246)
Ending Balance at Aug. 31, 2018	558,712	$ 16,285	167,448	(617,731)	1,166,955	(174,245)	(2,450)	2,450
Shares, Issued at Aug. 31, 2018		81,424
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(249,145)				(249,145)
Total other comprehensive income (loss), net of tax	2,573					2,573
Company stock contribution to employee benefit plans and other (in shares)		20
Company stock contribution to employee benefit plans and other	496	$ 4	492
Restricted stock awards, vesting and withhold to cover (in shares)		375
Restricted stock awards issuance and vesting	0	$ 75	(75)
Cash dividend ($0.04 per share)	(2,419)				(2,419)
Treasury stock repurchases	(22,481)			(22,481)
Stock based compensation expense	13,318		13,318
Proceeds from Stock Options Exercised	1,404
Stock option exercises (in shares)		65
Stock Issued During Period, Value, Stock Options Exercised		$ 13	1,391
Adjustment to Additional Paid in Capital, Income Tax Effect from Net Settlement of Equity Awards	(1,872)		(1,872)
Stock issued to, acquired for and distributed from rabbi trust (in shares)		35
Stock issued to, acquired for and distributed from rabbi trust	518	$ 7	511				(620)	620
Ending Balance at Aug. 31, 2019	301,179	$ 16,384	$ 181,213	$ (640,212)	915,466	$ (171,672)	$ (3,070)	$ 3,070
Shares, Issued at Aug. 31, 2019		81,919
Increase (Decrease) in Stockholders' Equity [Roll Forward]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets	$ 75				$ 75

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Statement of Stockholders' Equity [Abstract]
Cash dividend, per share	$ 0.04	$ 0.04	$ 0.04

Basis of Presentation

Basis of Presentation	12 Months Ended
	Aug. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Nature of Operations: Actuant Corporation, doing business as Enerpac Tool Group (“Actuant” or the “Company”), is a global manufacturer of a broad range of industrial products and solutions, organized into three operating segments. The Industrial Tools & Services segment ("IT&S"), the Company's only reportable 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. Consolidation and Presentation: The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned. The results of companies acquired or disposed of during the year are included in the consolidated financial statements from the effective date of acquisition or until the date of divestiture. All intercompany balances, transactions and profits have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation, as discussed in the New Accounting Pronouncements section. During the fourth quarter of fiscal 2019, the Company’s financial reporting segments were modified to reflect changes in our reporting structure as a result of entering into a Securities Purchase Agreement ("SPA") to sell the remaining businesses within our legacy Engineered Components & Systems segment exclusive of Cortland U.S. The Company now has three operating segments; Industrial Tools & Services ("IT&S"), Other, and Engineered Components and Systems ("EC&S"). The IT&S segment remains unchanged from our previous segment structure and represents the only reportable segment. All prior period disclosures have been adjusted to reflect the one reportable segment. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools as well as providing services and tool rentals to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Other operating segment is comprised of Cortland U.S., along with the Viking business which was divested on the first day of the second quarter of fiscal 2018. These two operating segments represent continuing operations within our consolidated financial statements. The EC&S segment, after the change in reporting structure, represents the businesses currently subject to the SPA with an anticipated closure date in the fourth calendar quarter of 2019, as well as the Cortland Fibron and Precision Hayes International ("PHI") businesses which were divested in fiscal 2019. As the pending divestiture of the remaining businesses within the EC&S segment in combination with the divestiture of Cortland Fibron and PHI represent a strategic shift in our operations, the results of operations for the EC&S segment are classified in "(Loss) earnings from discontinued operations" within the Consolidated Statements of Operations for all periods presented. In addition, the Consolidated Balance Sheets have been recast such that the assets and liabilities of the EC&S segment are classified as "Assets from discontinued operations" and "Liabilities from discontinued operations", respectively, for both periods presented. Furthermore, all disclosures within these footnotes to the financial statements have also been recast to coincide with our updated segmentation. Cash Equivalents: The Company considers all highly liquid investments with original maturities of 90 days or less to be cash equivalents. Inventories: Inventories are comprised of material, direct labor and manufacturing overhead, and are stated at the lower of cost or market. Inventory cost is determined using the last-in, first-out (“LIFO”) method for a portion of the U.S. owned inventory ( 47.9% and 40.7% of total inventories in 2019 and 2018 , respectively). The first-in, first-out or average cost methods are used for all other inventories. If the LIFO method were not used, inventory balances would be higher than reported amounts in the consolidated balance sheets by $10.3 million and $5.4 million at August 31, 2019 and 2018 , respectively. The nature of the Company’s products is such that they generally have a very short production cycle. Consequently, the amount of work-in-process at any point in time is minimal. In addition, many parts or components are ultimately either sold individually or assembled with other parts making a distinction between raw materials and finished goods impractical to determine. Certain locations maintain and manage their inventories using a job cost system where the distinction of categories of inventory by state of completion is also not available. As a result of these factors, it is neither practical nor cost effective to segregate the amounts of raw materials, work-in-process or finished goods inventories at the respective balance sheet dates, as segregation would only be possible as the result of physical inventories which are taken at dates different from the balance sheet dates. Property, Plant and Equipment: Property, plant and equipment are stated at cost. Plant and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets, ranging from ten to forty years for buildings and improvements and two to fifteen years for machinery and equipment. Equipment includes assets (joint integrity tools) which are rented to customers of our IT&S segment. Leasehold improvements are amortized over the life of the related asset or the term of the lease, whichever is shorter. Depreciation expense was $ 11.3 million , $11.1 million and $13.8 million for the years ended August 31, 2019 , 2018 and 2017 , respectively. The following is a summary of the Company's components of property, plant and equipment (in thousands): August 31, 2019 August 31, 2018 Land, buildings and improvements $ 29,661 $ 30,296 Machinery and equipment 140,083 131,716 Gross property, plant and equipment 169,744 162,012 Less: Accumulated depreciation (113,015 ) (107,038 ) Property, plant and equipment, net $ 56,729 $ 54,974 Goodwill and Other Intangible Assets: Goodwill and other intangible assets with indefinite lives are not subject to amortization, but are subject to annual impairment testing. Other intangible assets with definite lives, consisting primarily of purchased customer relationships, patents, trademarks and non-compete agreements, are amortized over periods from one to twenty-five years. The Company’s goodwill is tested for impairment annually, during the fourth quarter, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. The Company performs impairment reviews for its reporting units using a fair value method based on management’s judgments and assumptions. In estimating the fair value, the Company utilizes a discounted cash flow model, which is dependent on a number of assumptions, most significantly forecasted revenues and operating profit margins, and the weighted average cost of capital. The estimated fair value of the reporting unit is compared to the carrying amount of the reporting unit, including goodwill. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recorded and should not exceed the total amount of the goodwill allocated to the reporting unit. Indefinite lived intangible assets are also subject to an annual impairment test. On an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired, the fair value of the indefinite-lived intangible assets are evaluated by the Company to determine if an impairment charge is required. A considerable amount of management judgment is required in performing impairment tests, principally in determining the fair value of each reporting unit and the indefinite lived intangible assets. Product Warranty Costs : The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line on the Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the changes in product warranty reserves for fiscal years 2019 and 2018 (in thousands): 2019 2018 Beginning balance $ 931 $ 1,353 Provision for warranties 1,326 962 Warranty payments and costs incurred (1,077 ) (1,388 ) Impact of changes in foreign currency rates (35 ) 4 Ending balance $ 1,145 $ 931 Revenue from Contracts with Customers: 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. Customer sales are recorded net of allowances for returns and discounts, which are recognized as a deduction from sales at the time of sale. The Company commits to one-time or on-going trade discounts and promotions with customers that require the Company to estimate and accrue the ultimate costs of such programs.The Company generally does not require collateral or other security for receivables and provides for an allowance for doubtful accounts based on historical experience and a review of its existing receivables. Accounts receivable are stated net of an allowance for doubtful accounts of $5.1 million and $5.0 million at August 31, 2019 and 2018 , respectively. Taxes Collected: Taxes collected by the Company from a customer concurrent with revenue-producing activities are excluded from "Net sales" within the Consolidated Statements of Operations. 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 reported in the Consolidated Statements of Operations in "Cost of products sold." Research and Development Costs: Research and development costs consist primarily of an allocation of overall engineering and development resources and are expensed as incurred. Such costs incurred in the development of new products or significant improvements to existing products were $9.3 million , $8.7 million and $8.9 million in fiscal 2019 , 2018 and 2017 , respectively. The Company also incurs significant costs in connection with fulfilling custom orders and developing solutions for unique customer needs which are not included in these research and development expense totals. Other Income/Expense: Other income and expense primarily consists of net foreign currency exchange transaction losses of $0.2 million and $3.6 million in fiscal 2019 and 2017 , respectively, with a gain of less than $0.1 million in fiscal 2018 . Financing Costs: Financing costs represent interest expense, financing fees and amortization of debt issuance costs, net of interest income. Interest income was $0.7 million for fiscal 2019 and $1.2 million for both fiscal 2018 and 2017 . Income Taxes: The provision for income taxes includes federal, state, local and non-U.S. taxes on income. Tax credits, primarily for non-U.S. earnings, are recognized as a reduction of the provision for income taxes in the year in which they are available for U.S. tax purposes. Deferred taxes are provided on temporary differences between assets and liabilities for financial and tax reporting purposes as measured by enacted tax rates expected to apply when temporary differences are settled or realized. Future tax benefits are recognized to the extent that realization of those benefits is considered to be more likely than not. A valuation allowance is established for deferred tax assets for which realization is not more likely than not of being realized. The Company has not provided for any residual U.S. income taxes on unremitted earnings of non-U.S. subsidiaries, as such earnings are intended to be indefinitely reinvested. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. Foreign Currency Translation: The financial statements of the Company’s foreign operations are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities and an appropriate weighted average exchange rate for each applicable period within the Consolidated Statements of Operations. Translation adjustments are reflected in the Consolidated Balance Sheets and Consolidated Statements of Shareholders' Equity caption “Accumulated other comprehensive loss.” Accumulated Other Comprehensive Loss: The following is a summary of the components included within accumulated other comprehensive loss (in thousands): August 31, 2019 2018 Foreign currency translation adjustments $ 151,115 $ 158,497 Pension and other postretirement benefit plans, net of tax 20,557 15,748 Accumulated other comprehensive loss $ 171,672 $ 174,245 Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The Company regularly evaluates the estimates and assumptions related to the allowance for doubtful accounts, inventory valuation, warranty reserves, fair value of stock-based awards, goodwill, intangible and long-lived asset valuations, employee benefit plan liabilities, over time revenue recognition, income tax liabilities, deferred tax assets and related valuation allowances, uncertain tax positions, restructuring reserves, and litigation and other loss contingencies. Actual results could differ materially and adversely from those estimates and assumptions, and such results could materially affect the Company’s consolidated net income, financial position, or cash flows. With the divestiture of the EC&S segment the Company now meets the threshold requirements of Regulation S-X 5-03(1) to breakout sales and cost of sales by various categories on the Statements of Operations. The Company manages the profitability of its product and service & rental categories on a combined basis given the complexity of the business model. This model includes providing integrated product and service solutions resulting in facilities that generate revenues from both product and service & rental categories, which also have significant indirect and facility overhead costs included in cost of sales. As such, significant judgment and estimates are required to disaggregate product and service & rental cost of sales including allocating indirect and facility overhead costs between cost of product sales and the cost of service & rental sales. Changes in these judgments and estimates could materially change the allocation of the indirect and facility overhead costs to the different sales categories and the resulting ratio of cost of sales to net sales by category. Because the sales mix heavily favors the product category, a change in the mix of cost of sales between the sales categories would have a more significant impact on the ratio of cost of sales to net sales for the service & rental category. In addition, due to the recent changes in our business model, which includes the integration of the Enerpac and Hydratight businesses within the IT&S segment, the decision to exit certain non-strategic businesses and product lines, and the restructuring actions taken by the Company, the historical ratios of cost of sales to net sales by category may not be indicative of future ratios of cost of sales to net sales by category. Subsequent Events: Subsequent to August 31, 2019, the Company divested certain assets and liabilities of two non-core product lines for cash proceeds of $8.5 million . 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. See Note 2, “Revenue from Contracts with Customers,” 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. However, prior year amounts have been retrospectively adjusted to reflect this change in accounting principle. 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 and ASU 2019-01) , to increase transparency and comparability among organizations by recognizing all lease transactions 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 including interim periods within those fiscal years. The Company will adopt this standard in the first quarter of fiscal year ending November 30, 2019 (fiscal 2020) using a modified retrospective approach and through implementing selected third-party lease software utilized as a central repository for all leases. We will make certain elections including the package of practical expedients allowing us to not reassess whether any expired or existing contracts contain leases, the lease classification for any expired or existing leases, and initial direct costs for any existing leases. In addition, we will elect not to recognize right of use (“ROU”) assets or lease liabilities for leases containing terms of 12 months or less, and the Company will elect to not separate lease components from non-lease components for all asset classes. As of September 1, 2019, the Company anticipates additions to the balance sheet of right-of-use assets, offset by the associated liabilities, of approximately $55 million to $65 million . We do not expect adoption to have a significant impact on our consolidated statements of operations or consolidated statements of cash flows. The Company is finalizing its accounting policies, controls, processes, and disclosures that will change as a result of adopting the new standard. In addition, as a result of sale leaseback transactions in previous years for which gains were deferred which under the new standard would have been recognized, the Company will record an increase to retained earnings of $0.2 million in the first quarter of fiscal 2020 which represents the recognition of these previously deferred gains. 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 will adopt the guidance in the first quarter of fiscal 2020 which will result in an increase to retained earnings with an offsetting increase in accumulated other comprehensive loss of $3.5 million .
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets: Goodwill and other intangible assets with indefinite lives are not subject to amortization, but are subject to annual impairment testing. Other intangible assets with definite lives, consisting primarily of purchased customer relationships, patents, trademarks and non-compete agreements, are amortized over periods from one to twenty-five years. The Company’s goodwill is tested for impairment annually, during the fourth quarter, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. The Company performs impairment reviews for its reporting units using a fair value method based on management’s judgments and assumptions. In estimating the fair value, the Company utilizes a discounted cash flow model, which is dependent on a number of assumptions, most significantly forecasted revenues and operating profit margins, and the weighted average cost of capital. The estimated fair value of the reporting unit is compared to the carrying amount of the reporting unit, including goodwill. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recorded and should not exceed the total amount of the goodwill allocated to the reporting unit. Indefinite lived intangible assets are also subject to an annual impairment test. On an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired, the fair value of the indefinite-lived intangible assets are evaluated by the Company to determine if an impairment charge is required. A considerable amount of management judgment is required in performing impairment tests, principally in determining the fair value of each reporting unit and the indefinite lived intangible assets.
New Accounting Pronouncements, Policy	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. See Note 2, “Revenue from Contracts with Customers,” 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. However, prior year amounts have been retrospectively adjusted to reflect this change in accounting principle. 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 and ASU 2019-01) , to increase transparency and comparability among organizations by recognizing all lease transactions 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 including interim periods within those fiscal years. The Company will adopt this standard in the first quarter of fiscal year ending November 30, 2019 (fiscal 2020) using a modified retrospective approach and through implementing selected third-party lease software utilized as a central repository for all leases. We will make certain elections including the package of practical expedients allowing us to not reassess whether any expired or existing contracts contain leases, the lease classification for any expired or existing leases, and initial direct costs for any existing leases. In addition, we will elect not to recognize right of use (“ROU”) assets or lease liabilities for leases containing terms of 12 months or less, and the Company will elect to not separate lease components from non-lease components for all asset classes. As of September 1, 2019, the Company anticipates additions to the balance sheet of right-of-use assets, offset by the associated liabilities, of approximately $55 million to $65 million . We do not expect adoption to have a significant impact on our consolidated statements of operations or consolidated statements of cash flows. The Company is finalizing its accounting policies, controls, processes, and disclosures that will change as a result of adopting the new standard. In addition, as a result of sale leaseback transactions in previous years for which gains were deferred which under the new standard would have been recognized, the Company will record an increase to retained earnings of $0.2 million in the first quarter of fiscal 2020 which represents the recognition of these previously deferred gains. 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 will adopt the guidance in the first quarter of fiscal 2020 which will result in an increase to retained earnings with an offsetting increase in accumulated other comprehensive loss of $3.5 million .

Revenue from Contracts with Cus

Revenue from Contracts with Customers Revenue from Contract Customers (Notes)	12 Months Ended
	Aug. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Note 2. Revenue from Contracts with Customers Nature of Goods and Services The Company generates its revenue under two principal activities, which are discussed below: Product Sales: Sales of tools, heavy-lifting solutions, and rope and cable solutions are recorded when control is transferred to the customer (i.e. performance obligation has been satisfied). 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 customized 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. 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. See Note 15, "Business Segment, Geographic and Customer Information" for information regarding our revenue disaggregation by reportable segment and product line. The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred for the fiscal year ended August 31, 2019 (in thousands): Revenues recognized at point in time $ 453,427 Revenues recognized over time 201,331 Total $ 654,758 Contract Balances The Company's contract assets and liabilities are as follows (in thousands): August 31, 2019 2018 Receivables, which are included in accounts receivable, net $ 125,883 $ 123,261 Contract assets, which are included in other current assets 3,747 6,367 Contract liabilities, which are included in other current liabilities 3,707 12,937 Receivables: The Company performs its obligations under a contract with a customer by transferring goods or services 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 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 has contract assets on contracts that are generally long-term and have revenues that are recognized over time. The decrease in this balance from August 31, 2018 to August 31, 2019 is a result of our strategic exit of certain low profit margin, heavy lifting solution work that was still in progress as of August 31, 2018. Contract Liabilities: As of August 31, 2019 , 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 relate to long-term customer contracts (project durations of greater than three months) and are recognized over time. The Company estimates that the $3.7 million will be recognized in net sales from satisfying those performance obligations within the next twelve months with an immaterial amount recognized in periods thereafter. The decrease in the balance from August 31, 2018 to August 31, 2019 was a result of several large contracts that were in their early stages at August 31, 2018 where similar volumes of orders with prepayment terms were not in our backlog at August 31, 2019. 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, depending 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 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 Restructu

Restructuring Charges Restructuring Charges(Notes)	12 Months Ended
	Aug. 31, 2019
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. Liabilities for severance will generally be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring will be paid over the underlying remaining lease terms. During fiscal 2019 , the Company announced a new restructuring plan focused on i) the integration of the Enerpac and Hydratight businesses (IT&S segment), ii) the strategic exit of certain commodity type services in our North America Services operations (IT&S segment) and iii) driving efficiencies within the overall corporate structure. Total restructuring charges associated with this new restructuring plan were $4.2 million for the year ended August 31, 2019 , with no additional charges associated with the previously announced restructuring initiatives. Total restructuring charges associated with previously announced restructuring initiatives were $11.4 million for the year-ended August 31, 2018 with approximately $0.9 million of the restructuring charges recognized for the year ended August 31, 2018 being reported in the Consolidated Statements of Operations in "Cost of products sold," with the balance of the charges reported in "Restructuring charges." The year ended August 31, 2018 included $2.6 million of restructuring expenses related to Cortland U.S. and Viking. Restructuring reserves for Cortland U.S. and Viking (Other Segment) were $0.9 million and $1.9 million for the year ended August 31, 2019 and 2018 , respectively. The following rollforwards summarize restructuring reserve activity for the IT&S reportable segment and corporate (in thousands): Year Ended August 31, 2018 Industrial Tools & Services Corporate Total Balance as of August 31, 2017 $ 1,499 $ 232 $ 1,731 Restructuring charges 4,286 4,524 8,810 Cash payments (3,375 ) (2,483 ) (5,858 ) Other non-cash uses of reserve (1) (635 ) (2,227 ) (2,862 ) Impact of changes in foreign currency rates (88 ) — (88 ) Balance as of August 31, 2018 $ 1,687 $ 46 $ 1,733 (1) Majority of non-cash uses of reserve represents accelerated equity vesting with employee severance agreements. Year Ended August 31, 2019 Industrial Tools & Services Corporate Total Balance as of August 31, 2018 $ 1,687 $ 46 $ 1,733 Restructuring charges 4,161 — 4,161 Cash payments (2,954 ) (46 ) (3,000 ) Other non-cash uses/reclasses of reserve 54 — 54 Impact of changes in foreign currency rates (36 ) — (36 ) Balance as of August 31, 2019 $ 2,912 $ — $ 2,912
Restructuring and Related Costs	The following rollforwards summarize restructuring reserve activity for the IT&S reportable segment and corporate (in thousands): Year Ended August 31, 2018 Industrial Tools & Services Corporate Total Balance as of August 31, 2017 $ 1,499 $ 232 $ 1,731 Restructuring charges 4,286 4,524 8,810 Cash payments (3,375 ) (2,483 ) (5,858 ) Other non-cash uses of reserve (1) (635 ) (2,227 ) (2,862 ) Impact of changes in foreign currency rates (88 ) — (88 ) Balance as of August 31, 2018 $ 1,687 $ 46 $ 1,733 (1) Majority of non-cash uses of reserve represents accelerated equity vesting with employee severance agreements. Year Ended August 31, 2019 Industrial Tools & Services Corporate Total Balance as of August 31, 2018 $ 1,687 $ 46 $ 1,733 Restructuring charges 4,161 — 4,161 Cash payments (2,954 ) (46 ) (3,000 ) Other non-cash uses/reclasses of reserve 54 — 54 Impact of changes in foreign currency rates (36 ) — (36 ) Balance as of August 31, 2019 $ 2,912 $ — $ 2,912

Acquisitions

Acquisitions	12 Months Ended
	Aug. 31, 2019
Business Combinations [Abstract]
Acquisitions	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 IT&S 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 of Equalizer International, Limited ("Equalizer") on May 11, 2018 for a purchase price of $5.8 million , net of cash acquired. This IT&S segment tuck-in acquisition is a provider of industrial and energy maintenance tools, expanding our pipe and flange alignment offerings. The final 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 assests 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 $1.1 million for the year ended August 31, 2018 (included in "Selling, administrative and engineering expenses" in the Consolidated Statements of Operations) related to these acquisitions. The acquired businesses generated combined net sales of $14.1 million and $9.4 million for the year ended August 31, 2019 and 2018 , respectively. The acquisitions individually and in the aggregate do not meet the significance tests to require pro forma financial information otherwise required for acquisitions.

Divestiture Activities

Divestiture Activities	12 Months Ended
	Aug. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 5. Divestiture Activities On July 9, 2019, as part of our overall strategy to become a pure-play industrial tools and services company, the Company entered into a SPA to divest the remaining businesses within the EC&S segment at a purchase price of approximately $214.5 million (which includes approximately $3.0 million to be paid in four quarterly installments after closing). At August 31, 2019, the EC&S segment met the criteria for assets held for sale treatment. As a result, the Company recognized impairment & divestiture charges in fiscal 2019 of $264.5 million which consisted of $210.0 million representing the excess net book value of the net assets over the anticipated sales proceeds less costs to sell and $54.5 million representing the recognition in earnings of the cumulative effect of foreign currency exchange losses previously recorded in equity since acquisition. On December 31, 2018 , the Company completed the sale of the PHI business for $23.6 million cash, net of final transaction costs, working capital adjustments, accelerated vesting of equity compensation, retention bonuses and other adjustments. The Company recorded $9.5 million of impairment & divestiture charges during the fiscal year representing the excess of the net book value of the assets held for sale less the anticipated proceeds, less costs to sell. During the fourth quarter of fiscal 2018, the Company recognized impairment & divestiture charges of $23.7 million relating to the excess of net book value of assets over anticipated proceeds which consisted of i) $17.5 million related to goodwill, ii) $5.0 million related to amortizable intangible assets and ii) $1.2 million related to fixed asset impairment. The Company also completed the sale of the Cortland Fibron business on December 19, 2018 for $12.5 million in cash. The Company recognized $1.7 million of impairment & divestiture charges in fiscal 2019 representing the excess net book value of the net assets less the proceeds from sale, net of transaction costs. Additionally, due to the business meeting the criteria for asset held for sale treatment at August 31, 2018, the Company recognized impairment & divestiture charges in fiscal 2018 of $46.3 million which consisted of i) $35.3 million related to the recognition in earnings of the cumulative effect of foreign currency rate changes since acquisition; ii) $10.5 million representing the excess of the net book value of assets held for sale to the anticipated proceeds and iii) $0.5 million of other divestiture charges. As the aforementioned divestitures were a part of our strategic shift to become a pure-play industrial tools and services company, the results of their operations (including the stated impairment & divestiture charges) are recorded as a component of "(Loss) earnings from discontinued operations" in the Consolidated Statements of Operations for all periods presented. In addition, their assets and liabilities are recorded as "Assets from discontinued operations" and "Liabilities from discontinued operations", respectively, within the Consolidated Balance Sheets for each period presented. The following is a summary of the assets and liabilities of discontinued operations (in thousands): August 31, 2019 2018 Accounts receivable, net $ 52,802 $ 67,412 Inventories, net 76,825 86,933 Other current assets 8,058 13,467 Property, plant & equipment, net 32,172 37,432 Goodwill 16,862 233,779 Other intangible assets, net 93,314 120,344 Other long-term assets 5,545 9,566 Assets of discontinued operations $ 285,578 $ 568,933 Trade accounts payable $ 43,628 $ 65,169 Accrued compensation and benefits 12,101 19,930 Reserve for cumulative translation adjustment 54,469 35,346 Other current liabilities 12,101 14,800 Deferred income taxes 20,029 24,145 Pension and postretirement benefit liabilities 1,344 912 Other long-term liabilities 91 271 Liabilities of discontinued operations $ 143,763 $ 160,573 The following represents the detail of "(Loss) earnings from discontinued operations, net of income taxes" within the Consolidated Statements of Operations (in thousands): Year Ended August 31, 2019 2018 2017 Net sales $ 459,144 $ 541,308 $ 479,193 Cost of products sold 344,563 409,332 359,846 Gross profit 114,581 131,976 119,347 Selling, administrative and engineering expenses 68,339 81,188 69,360 Amortization of intangible assets 5,666 11,285 11,377 Restructuring charges 1,779 1,440 3,994 Impairment & divestiture charges* 286,175 70,071 — Operating (loss) profit (247,378 ) (32,008 ) 34,616 Financing costs, net 124 619 482 Other expense (income), net 1,922 (759 ) (1,064 ) Loss (earnings) before income tax expense (benefit) (249,424 ) (31,868 ) 35,198 Income tax expense (benefit) 7,788 (5,474 ) 6,136 Net (loss) earnings from discontinued operations $ (257,212 ) $ (26,394 ) $ 29,062 *In addition to the impairment & divestiture charges discussed above, the Company also incurred approximately $10.5 million of divestiture charges in fiscal 2019 related to the anticipated divestiture of EC&S. On December 1, 2017 , the Company completed the sale of the Viking business (Other Segment) for net cash proceeds of $8.8 million , which resulted in an after-tax impairment & divestiture charge of $12.4 million in 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. In the fourth quarter of fiscal 2017, related to the then pending sale of our Viking business, we recognized impairment & divestiture charges of $117.0 million which consisted of (i) a $16.1 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 $69.0 million related to the recognition in earnings of the cumulative effect of foreign currency rate changes since acquisition; (iii) a $28.6 million cash charge related to the operating lease buyout of certain rental assets and (iv) a $3.3 million of other divestiture charges. The historical results of the Viking business (which had net sales of $2.7 million in the year ended August 31, 2018 ) are not material to the consolidated financial results.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Aug. 31, 2019
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 result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the years ended August 31, 2019 and 2018 by operating segment are as follows (in thousands): Industrial Tools & Services Other Total Balance as of August 31, 2017 $ 238,707 $ 33,712 $ 272,419 Business acquisitions 12,441 — 12,441 Impact of changes in foreign currency rates (2,443 ) (2,285 ) (4,728 ) Balance as of August 31, 2018 248,705 31,427 280,132 Purchase accounting adjustments 253 — 253 Impairment charge — (13,678 ) (13,678 ) Impact of changes in foreign currency rates (6,085 ) (207 ) (6,292 ) Balance as of August 31, 2019 $ 242,873 $ 17,542 $ 260,415 The changes in the carrying amount of goodwill included within "Assets from discontinued operations" on the Consolidated Balance Sheets for the years ended August 31, 2019 and 2018 are as follows (in thousands): Balance as of August 31, 2017 $ 257,662 Impairment charge (21,227 ) Impact of changes in foreign currency rates (2,655 ) Balance as of August 31, 2018 233,780 Impairment charge (209,489 ) Impact of changes in foreign currency rates (7,429 ) Balance as of August 31, 2019 $ 16,862 The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands): Weighted Average Amortization Period (Year) August 31, 2019 August 31, 2018 Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 14 $ 126,229 $ 96,817 $ 29,412 $ 128,561 $ 84,029 $ 44,532 Patents 12 13,227 12,276 951 13,324 11,915 1,409 Trademarks and tradenames 16 4,513 2,921 1,592 4,275 2,826 1,449 Non-compete agreements & other 3 4,835 4,835 — 4,942 4,813 129 Indefinite lived intangible assets: Tradenames N/A 20,420 — 20,420 24,138 — 24,138 $ 169,224 $ 116,849 $ 52,375 $ 175,240 $ 103,583 $ 71,657 The Company estimates that amortization expense for future years is estimated to be $7.6 million in fiscal year 2020 , $6.7 million in fiscal 2021 , $5.9 million in fiscal 2022 , $4.4 million in fiscal 2023 , $2.7 million in fiscal 2024 and $4.7 million in aggregate 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 Charges During fiscal 2019, within the Other segment, the Company recognized a $13.7 million Goodwill impairment charge related to Cortland U.S. in conjunction with triggering events identified during the fiscal year. In the fourth quarter of fiscal 2019, the Company's branding strategy was revised such that two secondary tradenames previously considered to have indefinite lives are to be phased out and re-branded within 12-15 months. As such, the Company recorded an impairment & divestiture charge of $2.6 million based on the estimated remaining fair value of the respective tradenames. In addition, based on restructuring actions taken in the fourth quarter related to the North America Services operations, the Company concluded that the fair value of a customer relationship intangible was less than the current net book value, and therefore, a $6.2 million impairment & divestiture charge was recorded. The tradename and customer relationships impairments both related to assets within the IT&S segment.

Debt

Debt	12 Months Ended
	Aug. 31, 2019
Debt Disclosure [Abstract]
Debt	Note 7. Debt The following is a summary of the Company’s long-term indebtedness (in thousands): August 31, 2019 2018 Previous Senior Credit Facility Revolver $ — $ — Term Loan — 247,500 Total Previous Senior Credit Facility — 247,500 New Senior Credit Facility Revolver — — Term Loan 175,000 — Total New Senior Credit Facility 175,000 — 5.625% Senior Notes 287,559 287,559 Total Senior Indebtedness 462,559 535,059 Less: Current maturities of long-term debt (7,500 ) (30,000 ) Debt issuance costs (2,114 ) (2,364 ) Total long-term debt, less current maturities $ 452,945 $ 502,695 Senior Credit Facility Prior to the refinancing of the Company's Senior Credit Facility on March 29, 2019, the Company’s previous Senior Credit Facility matured on May 8, 2020 , and provided a $300 million revolver, a $300 million term loan and a $450 million expansion option, subject to certain conditions. Borrowings were subject to a pricing grid, which could 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. In addition, a non-use fee was payable quarterly on the average unused credit line under the revolver ranging from 0.15% to 0.35% per annum. On March 29, 2019, the Company refinanced its Senior Credit Facility resulting in a new $600 million Senior Credit Facility, comprised of a $400 million revolving line of credit and a $200 million term loan. The new facility, which matures in March 2024, includes a reduction in pricing and expands the revolving credit facility from $300 million to $400 million . Borrowings under the new Senior Credit Facility bear interest based on LIBOR or a base rate, with interest rate spreads above LIBOR or the base rate being subject to adjustments based on the Company's net leverage ratio, ranging from 1.125% to 2.00% in the case of loans bearing interest at LIBOR and from 1.25% to 1.00% in the case of loans bearing interest at the base rate. In addition, a non-use fee is payable quarterly in the average unused revolving credit facility ranging from 0.15% to 0.30% per annum, based on the Company's net leverage ratio. Quarterly term loan principal payments of $1.25 million began on August 31, 2019 , will escalate to $5.0 million by May 31, 2022 , with the remaining principal due at maturity. During fiscal 2019 and in line with its capital allocation strategy, the Company electively prepaid $23.8 million against the remaining principal balance of the term loan subsequent to the refinancing. The new Senior Credit Facility contains financial covenants that are consistent with the prior facility, with enhancements that improve overall liquidity, and provides the option for future expansion through a $300 million accordion on the revolver. The two financial covenants included are a maximum leverage ratio of 3.75 :1 and a minimum interest coverage ratio of 3.50 :1. For each covenant, certain transactions lead to adjustments to the underlying ratio, including a reduction of the minimum interest coverage ratio from 3.5 to 3.0 for any fiscal quarter ending within twelve months after the sale of the EC&S segment and an increase to the leverage ratio from 3.75 to 4.25 during the four fiscal quarters after a significant acquisition. Borrowings under the credit agreement are secured by substantially all personal property assets of the Company and its domestic subsidiary guarantors and certain equity interests owned by the foreign law pledgors. In preparation for the divestiture of the EC&S segment, the Company needed to transfer certain assets between guarantor and non-guarantor entities. While this action was contemplated in the new Senior Credit Facility, the Company did not timely notify the lendors of these transactions, and as such, the Company was not in technical compliance with this restrictive covenant at August 31, 2019. However, the Company subsequently obtained the necessary waivers from the lendors to be in compliance as of the date of this report. The Company was in compliance with all financial covenants at August 31, 2019 . As of August 31, 2019 , the variable borrowing rate on the outstanding term loan balance was 3.50% and the unused credit line and amount available for borrowing under the revolver was $398.8 million . Senior Notes On April 16, 2012 , the Company issued $300 million of 5.625% Senior Notes due 2022 (the “Senior Notes”) of which $287.6 million remain 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 at 100.9% and reducing to 100.0% on June 15, 2020, plus accrued and unpaid interest. The Company repurchased $0.5 million of the Senior Notes during fiscal 2017. The Company made cash interest payments of $26.3 million , $28.8 million and $27.1 million in fiscal 2019 , 2018 and 2017 , respectively. As of August 31, 2019 , future debt maturities for each of the next five fiscal years were as follows (in thousands): Fiscal Year Term Loan Senior Notes Total 2020 $ 7,500 $ — $ 7,500 2021 12,500 — 12,500 2022 17,500 287,559 305,059 2023 20,000 — 20,000 2024 117,500 — 117,500 $ 175,000 $ 287,559 $ 462,559

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Aug. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8. Fair Value Measurements 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 unadjusted 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 participants 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 August 31, 2019 and 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 less than $0.1 million at August 31, 2019 and a net asset of $0.4 million at August 31, 2018 . 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 $291.5 million and $293.5 million at August 31, 2019 and 2018 , respectively. The fair value of the Senior Notes was based on quoted inactive market prices and are therefore classified as Level 2 within the valuation hierarchy. As discussed in Note 6, “Goodwill, Intangible Assets and Long-Lived Assets” , the Company recorded impairment on indefinite-lived tradenames and customer relationships in the fourth quarter of fiscal 2019. The fair value of the tradenames and customer relationships were determined utilizing generally accepted valuation techniques, specifically, forecasting future revenues and/or using a market royalty rate. These valuations represent Level 3 assets measured at fair value on a nonrecurring basis.

Derivatives

Derivatives	12 Months Ended
	Aug. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 9. Derivatives All derivatives are recognized in the balance sheet at their estimated fair value. The Company does not enter into derivatives for speculative purposes. Changes in the value of derivatives (not designated as hedges) are recorded in earnings along with the gain or loss on the hedged asset or liability, while changes in the value of derivatives designated as 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 expense" in the Consolidated Statements of Operations). The U.S. dollar equivalent notional value of these short duration foreign currency exchange contracts (cash flow hedges or non-designated hedges) was $13.3 million and $11.9 million at August 31, 2019 and 2018 , respectively. The fair value of outstanding foreign currency exchange contracts was an asset of less than $0.1 million at August 31, 2019 and an asset of $0.4 million at August 31, 2018 . Net foreign currency (losses) gains (included in "Other expense" in the Consolidated Statements of Operations) related to these derivative instruments are as follows (in thousands): Year Ended August 31, 2019 2018 2017 Foreign Currency (losses) gains $ (292 ) $ 249 $ (3,113 )

Leases

Leases	12 Months Ended
	Aug. 31, 2019
Leases [Abstract]
Leases	Note 10. Leases The Company leases certain facilities, computers, equipment and vehicles under various lease agreements generally over periods of one to twenty years . Under most arrangements, the Company pays the property taxes, insurance, maintenance and expenses related to the leased property. Many of the leases include provisions that enable the Company to renew the lease based upon fair value rental rates on the date of expiration of the initial lease. As of August 31, 2019 , future obligations under non-cancelable operating leases associated with continuing operations were as follows: $15.8 million in fiscal 2020 ; $12.3 million in fiscal 2021 ; $10.1 million in fiscal 2022 ; $6.9 million in fiscal 2023 ; $5.2 million in fiscal 2024 ; and $21.6 million in aggregate thereafter. Total rental expense under operating leases was $26.5 million , $24.3 million and $27.6 million in fiscal 2019 , 2018 and 2017 , respectively. As discussed in Note 16, “Commitments and Contingencies” the Company remains contingently liable for lease payments under leases of businesses that it previously divested or spun off. Further, the Company continues to work with the buyer in the pending divestiture of the EC&S segment and the respective lessors of certain assets leased within those businesses (but in the name of Actuant Corporation or a retained subsidiary) to either transfer the lease to the name of the buyer or buyout existing leases.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Aug. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	Note 11. Employee Benefit Plans U.S. Defined Benefit Pension Plans All of the U.S. defined benefit pension plans are frozen, and as a result, plan participants no longer earn additional benefits. The following table provides detail of changes in the projected benefit obligations, the fair value of plan assets and the funded status of the Company’s U.S. defined benefit pension plans as of the respective August 31 measurement date (in thousands): 2019 2018 Reconciliation of benefit obligations: Benefit obligation at beginning of year $ 43,280 $ 46,806 Interest cost 1,694 1,633 Actuarial loss/(gain) 5,339 (2,330 ) Benefits paid (2,913 ) (2,829 ) Benefit obligation at end of year $ 47,400 $ 43,280 Reconciliation of plan assets: Fair value of plan assets at beginning of year $ 40,244 $ 40,027 Actual return on plan assets 2,972 2,938 Company contributions 108 108 Benefits paid from plan assets (2,912 ) (2,829 ) Fair value of plan assets at end of year 40,412 40,244 Funded status of the plans (underfunded) $ (6,988 ) $ (3,036 ) The following table provides detail on the Company’s domestic net periodic benefit expense (income) (in thousands): Year ended August 31, 2019 2018 2017 Interest cost $ 1,694 $ 1,633 $ 1,690 Expected return on assets (2,208 ) (2,668 ) (2,867 ) Amortization of actuarial loss 990 1,127 1,141 Net periodic benefit expense (income) $ 476 $ 92 $ (36 ) As of August 31, 2019 and 2018 , $16.1 million and $13.2 million , respectively, of pension plan actuarial losses, which have not yet been recognized in net periodic benefit cost, were included in accumulated other comprehensive loss, net of income taxes. During fiscal 2020 , $1.2 million of these actuarial losses, net of tax, are expected to be recognized in net periodic benefit cost. Weighted-average assumptions used to determine U.S. pension plan obligations as of August 31 and weighted-average assumptions used to determine net periodic benefit cost for the years ended August 31 are as follows: 2019 2018 2017 Assumptions for benefit obligations: Discount rate 2.90 % 4.05 % 3.60 % Assumptions for net periodic benefit cost: Discount rate 4.05 % 3.60 % 3.45 % Expected return on plan assets 5.75 % 7.00 % 7.15 % Prior to fiscal 2019, the Company focused on employing a total-return-on-investment approach for its pension plan assets whereby a mix of equity and fixed income investments were used to maximize the long-term return for plan assets, at prudent levels of risk. During fiscal 2019, the Company made a strategic decision to shift the focus to an objective to achieve an asset and liability duration match so that interim fluctuations in funded status should be limited by increasing the correlation between assets and liabilities. As such, the plan assets are invested to maintain funded ratios over the long term, while managing the risk that funded ratios fall meaningfully below 100%. At this time, the plan portfolio is significantly invested in duration-matched fixed income securities, which aligns to the plan's asset investment mix of 70% fixed income securities and 30% equity securities. Cash balances are maintained at levels adequate to meet near-term plan expenses and benefit payments. Investment risk is measured and monitored on an ongoing basis. At August 31, 2019 , the Company’s overall expected long-term rate of return for assets in U.S. pension plans was 4.60% . The expected long-term rate of return is based on the portfolio as a whole and not on the sum of the returns on individual asset categories. The target return is based on historical returns adjusted to reflect the current view of the long-term investment market. The fair value of all U.S. pension plan assets is determined based on quoted market prices and therefore all plan assets are determined based on Level 1 inputs, except for fixed income securities which are valued based on Level 2 inputs, as defined in Note 8, “Fair Value Measurements.” The U.S. pension plan investment allocations by asset category were as follows (in thousands): Year Ended August 31, 2019 % 2018 % Cash and cash equivalents $ 304 0.8 % $ 559 1.4 % Fixed income securities: Corporate bonds 5,127 12.7 19,107 47.5 Mutual funds 23,206 57.4 814 2.0 28,333 70.1 19,921 49.5 Equity securities: Mutual funds 11,775 29.1 19,764 49.1 Total plan assets $ 40,412 100.0 % $ 40,244 100.0 % Projected benefit payments from plan assets to participants in the Company’s U.S. pension plans are $3.0 million per year for each of the next five years and $14.5 million in aggregate for the following five years. The Company does not anticipate making a material contribution to the U.S. pension plans in fiscal 2020. Foreign Defined Benefit Pension Plans The Company has eight foreign defined benefit pension plans which cover certain existing and former employees of businesses outside the U.S. Most of the participants in the foreign defined benefit pension plans are current employees and are earning additional benefits. The following table provides detail of changes in the projected benefit obligations, the fair value of plan assets and the funded status of the Company’s foreign defined benefit pension plans as of the respective August 31 measurement date (in thousands): 2019 2018 Reconciliation of benefit obligations: Benefit obligation at beginning of year $ 13,056 $ 13,423 Employer Service Costs 450 440 Interest cost 257 278 Actuarial loss/(gain) 2,594 (337 ) Benefits paid (421 ) (555 ) Plan amendments 89 — Curtailments (107 ) — Currency impact (815 ) (193 ) Benefit obligation at end of year $ 15,103 $ 13,056 Reconciliation of plan assets: Fair value of plan assets at beginning of year $ 7,902 $ 7,904 Actual return on plan assets 752 32 Company contributions 374 588 Benefits paid from plan assets (421 ) (555 ) Currency impact (489 ) (67 ) Fair value of plan assets at end of year 8,118 7,902 Funded status of the plans (underfunded) $ (6,985 ) $ (5,154 ) The following table provides detail on the Company’s foreign net periodic benefit expense (in thousands): Year ended August 31, 2019 2018 2017 Employer service costs $ 450 $ 440 $ 413 Interest cost 257 278 239 Expected return on assets (345 ) (366 ) (379 ) Amortization of net prior service credit (65 ) (69 ) (61 ) Amortization of net loss 263 306 438 (Income) or cost of special events (56 ) 18 268 Net periodic benefit expense $ 504 $ 607 $ 918 The weighted average discount rate utilized for determining the benefit obligation at August 31, 2019 and 2018 was 1.1% and 2.0% , respectively. The plan assets of these foreign pension plans consist primarily of participating units in fixed income and equity securities and insurance contracts. The Company’s overall expected long-term rate of return on these investments is 4.2% . During fiscal 2020 , the Company anticipates contributing $0.3 million to these pension plans. Projected benefit payments to participants in the these foreign plans are $0.2 million for fiscal 2020 , $0.3 million for fiscal 2021 , $0.4 million for fiscal 2022 , $0.3 million for both fiscal 2023 and fiscal 2024 and $1.9 million in aggregate for the following five years. Other Postretirement Health Benefit Plans The Company provides other postretirement health benefits (“OPEB”) to certain existing and former employees of domestic businesses it acquired, who were entitled to such benefits prior to acquisition. These unfunded plans had a benefit obligation of $3.1 million and $2.9 million at August 31, 2019 and 2018 , respectively. These obligations are determined utilizing assumptions consistent with those used for our U.S. pension plans and a health care cost trend rate of 6.8% , trending downward to 5.0% by the year 2026, and remaining level thereafter. Net periodic benefit costs for other postretirement benefits was income of $0.1 million for the year-ended August 31, 2019 and expense of $0.1 million and $0.2 million for the year-ended August 31, 2018 and 2017 , respectively. Benefit payments from the plan are funded through participant contributions and Company contributions, which are projected to be $0.2 million in fiscal 2020 . Defined Contribution Benefit Plans The Company maintains a 401(k) plan for substantially all full time U.S. employees (the “401(k) Plan”). Under plan provisions, the Company can fund either cash or issue new shares of Class A common stock for its contributions. Amounts are allocated to accounts set aside for each employee’s retirement. Employees generally may contribute up to 50% of their compensation to individual accounts within the 401(k) Plan. While contributions vary, prior to fiscal 2019, the Company generally made core contributions to employee accounts equal to 3% of each employee’s eligible annual cash compensation, subject to IRS limitations. In addition, the Company matched approximately 25% of each employee’s contribution up to 6% of the employee’s eligible compensation. The Company also maintains a Restoration Plan that allows eligible highly compensated employees (as defined by the Internal Revenue Code) to receive a core contribution as if no IRS limits were in place. Company contributions to the Restoration Plan were made in the form of its Class A common stock and contributed into each eligible participant’s deferred compensation plan account. Effective September 1, 2018, the Company changed the method of employer contributions. The Company's match contribution is $0.50 for every $1 contributed by employees, up to 8% of the employees' eligible pay. These match contributions are made on every payroll run, meaning the contribution is immediately 100% vested. In addition, the Company may make an annual, discretionary contribution of up to 3% of employees' eligible pay to employees employed as of end of the plan year. The discretionary contribution has a three year vesting period. The Company elected not to provide a discretionary contribution for the year ended August 31, 2019. Expense recognized related to the 401(k) plan totaled $2.7 million , $3.1 million and $3.2 million for the year ended August 31, 2019 , 2018 and 2017 , respectively. In addition to the 401(k) plan, the Company sponsors a non-qualified supplemental executive retirement plan (“the SERP Plan”). The SERP Plan is an unfunded defined contribution plan that covers certain current and former executive employees and has an annual contribution formula based on age and years of service (with Company contributions ranging from 3% to 6% of eligible wages). This unfunded plan had a $1.6 million and $1.7 million obligation at August 31, 2019 and 2018 , respectively. Expense recognized for the SERP Plan was $0.4 million for fiscal 2019 and $0.3 million for both 2018 and 2017 . Deferred Compensation Plan The Company maintains a deferred compensation plan to allow eligible U.S. employees to defer receipt of current cash compensation in order to provide future savings benefits. Eligibility is limited to employees that earn compensation that exceeds certain pre-defined levels. Participants have the option to invest their deferrals in a fixed income investment, in Company common stock, or a combination of the two. The fixed income portion of the plan is unfunded, and therefore all compensation deferred under the plan is held by the Company and commingled with its general assets. Liabilities of $18.4 million and $20.1 million are included in the consolidated balance sheets at August 31, 2019 and 2018 , respectively, to reflect the unfunded portion of the deferred compensation liability. The Company recorded expense in "Financing costs, net" of $1.4 million , $1.5 million and $1.6 million for the years ended August 31, 2019 , 2018 and 2017 , respectively, for non-funded interest on participant deferrals in the fixed income investment option. Company common stock contributions to fund the plan are held in a rabbi trust, accounted for in a manner similar to treasury stock and are recorded at cost in “Stock held in trust” within shareholders’ equity on the Consolidated Balance Sheets with the corresponding deferred compensation liability also recorded within shareholders’ equity on the Consolidated Balance Sheets. Since no investment diversification is permitted within the trust, changes in fair value of Actuant common stock are not recognized.

Income Taxes

Income Taxes	12 Months Ended
	Aug. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. Income Taxes Income tax expense (benefit) from continuing operations is summarized as follows (in thousands): Year ended August 31, 2019 2018 2017 Currently payable: Federal $ (2,040 ) $ 291 $ (22,002 ) Foreign 9,370 9,223 11,239 State 1,347 358 (675 ) 8,677 9,872 (11,438 ) Deferred: Federal (400 ) (1,143 ) 3,278 Foreign 2,172 5,807 (14,406 ) State 208 (86 ) (48 ) 1,980 4,578 (11,176 ) Income tax expense (benefit) $ 10,657 $ 14,450 $ (22,614 ) Income tax expense (benefit) from continuing operations recognized in the accompanying consolidated statements of operations differs from the amounts computed by applying the federal income tax rate to earnings (loss) from continuing operations before income tax expense. A reconciliation of income taxes at the federal statutory rate to the effective tax rate is summarized in the following table: Year ended August 31, 2019 2018 2017 Federal statutory rate 21.0 % 25.7 % 35.0 % State income taxes, net of Federal effect (4.0 ) (0.5 ) 0.6 Net effects of foreign tax rate differential and credits (1) 11.3 (12.2 ) (5.4 ) Domestic manufacturing deduction — (1.3 ) 0.2 Foreign branch currency losses — (2.1 ) (0.2 ) Compensation adjustment 4.4 7.0 — Impairment and divestiture charges (2) 19.3 39.1 (7.9 ) Valuation allowance additions and releases (3) 3.9 20.3 (12.3 ) Changes in liability for unrecognized tax benefits 4.1 (34.1 ) (2.6 ) U.S. tax reform, net impact (4) (31.1 ) 2.4 — Taxable liquidation of foreign subsidiaries (5) — 7.7 15.5 Foreign non-deductible expenses 16.2 12.0 (2.1 ) Changes in tax rates 1.7 (1.4 ) (1.5 ) R&D credit, audits and adjustments 4.8 15.3 1.0 Other items 5.3 (2.6 ) (1.1 ) Effective income tax rate 56.9 % 75.3 % 19.2 % (1) The Company generated $0.7 million , $10.2 million and $4.2 million of foreign tax credits, excluding the impact of tax reform for fiscal 2019 , 2018 and 2017 , respectively. (2) Fiscal 2019, 2018 and 2017 pretax earnings (loss) include $22.8 million , $3.0 million and $117.0 million , respectively, in impairment & divestiture charges related to goodwill, intangible assets, tangible assets and the cumulative effect of foreign currency rate changes of which $14.0 million , $0.7 million and $69.0 million , respectively, are not deductible for income tax purposes. (3) Incremental valuation allowances of $1.7 million and $20.4 million were recorded in fiscal 2019 and 2018, respectively, due to uncertainty regarding utilization of foreign operating loss carryforwards, which were partially offset by a reduction of $2.9 million and $11.8 million of valuation allowances for fiscal 2019 and 2018, respectively. These amounts exclude valuation allowances related to foreign tax credits that are categorized with tax reform. (4) During fiscal 2019, legislative changes and additional guidance related to the Act resulted in tax benefit of $5.8 million related to the fiscal 2018 tax year. (5) During fiscal 2018 and 2017, the Company generated a net expense of $1.5 million and a net benefit of $14.9 million , the result of taxable liquidations of foreign subsidiaries. Temporary differences and carryforwards that gave rise to deferred tax assets and liabilities include the following items (in thousands): August 31, 2019 2018 Deferred income tax assets: Operating loss and tax credit carryforwards $ 88,198 $ 38,414 Compensation related liabilities 7,752 8,821 Postretirement benefits 9,289 8,659 Inventory 629 520 Book reserves and other items 11,465 17,499 Total deferred income tax assets 117,333 73,913 Valuation allowance (73,255 ) (32,426 ) Net deferred income tax assets 44,078 41,487 Deferred income tax liabilities: Depreciation and amortization (26,248 ) (23,517 ) Other items (862 ) (611 ) Deferred income tax liabilities (27,110 ) (24,128 ) Net deferred income tax asset (1) $ 16,968 $ 17,359 (1) The net deferred income tax asset is reflected on the balance sheet in two categories: an asset of $18.4 million and $ 21.3 million for fiscal 2019 and 2018, respectively, is included in "Other long-term assets" and a liability of $1.6 million and $3.9 million for fiscal 2019 and 2018, respectively, is included in "Deferred income taxes". The Company has $68.8 million of state loss carryforwards, which are available to reduce future state tax liabilities. These state net operating loss carryforwards expire at various times through 2039. The Company also has $85.3 million of foreign loss carryforwards which are available to reduce certain future foreign tax liabilities. Approximately one-half of the foreign loss carryforwards are not subject to any expiration dates, while the other balances expire at various times through 2029. The valuation allowance represents a reserve for deferred tax assets, including loss carryforwards and foreign tax credits, for which utilization is uncertain. Changes in the Company’s gross liability for unrecognized tax benefits, excluding interest and penalties, are as follows (in thousands): 2019 2018 2017 Beginning balance $ 24,359 $ 31,446 $ 29,174 Increases based on tax positions related to the current year 2,169 2,599 6,057 Increase for tax positions taken in a prior period 1,422 359 297 Decrease for tax positions taken in a prior period — (349 ) (627 ) Decrease due to lapse of statute of limitations (3,212 ) (9,163 ) (4,008 ) Decrease due to settlements (324 ) — — Changes in foreign currency exchange rates (247 ) (533 ) 553 Ending balance $ 24,167 $ 24,359 $ 31,446 Substantially all of these unrecognized tax benefits, if recognized, would impact the effective income tax rate. As of August 31, 2019 , 2018 and 2017 , the Company recognized $3.7 million , $3.0 million and $2.9 million , respectively for interest and penalties related to unrecognized tax benefits. The Company recognizes interest and penalties related to underpayment of income taxes as a component of income tax expense. With few exceptions, the Company is no longer subject to U.S. federal, state and foreign income tax examinations by tax authorities in major tax jurisdictions for years prior to fiscal 2009. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits could decrease by up to $2.4 million throughout fiscal 2020 . The Company’s policy is to remit earnings from foreign subsidiaries only to the extent the remittance does not result in an incremental U.S. tax liability. The Company does not currently provide for the additional U.S. and foreign income taxes which would become payable upon remission of undistributed earnings of foreign subsidiaries. If all undistributed earnings were remitted, an additional income tax provision of $5.4 million would have been necessary as of August 31, 2019 . Earnings (loss) before income taxes from continuing operations, are summarized as follows (in thousands): Year Ended August 31, 2019 2018 2017 Domestic $ (715 ) $ 5,337 $ (10,023 ) Foreign 19,439 13,859 (107,866 ) $ 18,724 $ 19,196 $ (117,889 ) Both domestic and foreign pre-tax earnings from continuing operations are impacted by changes in operating earnings, acquisition and divestiture activities, restructuring charges and the related benefits, growth investments, debt levels and the impact of changes in foreign currency exchange rates. In fiscal 2019 , domestic and foreign earnings included non-cash impairment and other divestiture costs of $9.0 million and $13.8 million , respectively. In fiscal 2018 , foreign earnings included $3.0 million of non-cash impairment & divestiture charges. In fiscal 2017 , domestic earnings included $7.8 million of director and officer transition charges and foreign earnings included $117.0 million of non-cash impairment & divestiture charges. Approximately 70% - 80% of pre-tax earnings from continuing operations (excluding impairment & divestiture charges) were generated in foreign jurisdictions with tax rates different than the U.S. federal income tax rate. Cash paid for income taxes, net of refunds, totaled $15.4 million , $1.5 million (refund) and $11.8 million during the years ended August 31, 2019 , 2018 and 2017 , respectively.

Capital Stock and Share Repurch

Capital Stock and Share Repurchases	12 Months Ended
	Aug. 31, 2019
Earnings Per Share [Abstract]
Capital Stock and Share Repurchases	Note 13. Capital Stock and Share Repurchases The authorized common stock of the Company as of August 31, 2019 consisted of 168,000,000 shares of Class A common stock, $0.20 par value, of which 81,920,679 and 60,465,111 shares were issued and outstanding, respectively; 1,500,000 shares of Class B common stock, $0.20 par value, none of which are outstanding; and 160,000 shares of cumulative preferred stock, $1.00 par value (“preferred stock”), none of which have been issued. Holders of both classes of the Company’s common stock are entitled to dividends, as the Company’s Board of Directors may declare out of funds legally available, subject to any contractual restrictions on the payment of dividends or other distributions on the common stock. If the Company were to issue any of its preferred stock, no dividends could be paid or set apart on shares of common stock, unless paid in common stock, until dividends on all of the issued and outstanding shares of preferred stock had been paid or set apart for payment and provision had been made for any mandatory sinking fund payments. The Company's Board of Directors approved four separate authorizations (September 2011, March 2014, October 2014 and March 2015) to repurchase up to 7,000,000 shares each of the Company’s outstanding common stock. During the year ended August 31, 2019 , the Company repurchased 1,016,134 shares for $22.5 million . At August 31, 2019 , cumulative shares repurchased under these authorizations totaled 21,455,568 , leaving 6,544,432 shares authorized for future buy backs. Earnings Per Share The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts): Year Ended August 31, 2019 2018 2017 Numerator: Net earnings (loss) from continuing operations $ 8,067 $ 4,746 $ (95,275 ) Net (loss) earnings from discontinued operations (257,212 ) (26,394 ) 29,062 Net loss (249,145 ) (21,648 ) (66,213 ) Denominator: Weighted average common shares outstanding - basic 61,151 60,441 59,436 Net effect of dilutive securities - stock based compensation plans 456 587 — Weighted average common shares outstanding - diluted 61,607 61,028 59,436 Earnings (loss) per common share from continuing operations: Basic $ 0.13 $ 0.08 $ (1.60 ) Diluted $ 0.13 $ 0.08 $ (1.60 ) (Loss) earnings per common share from discontinued operations: Basic $ (4.21 ) $ (0.44 ) $ 0.49 Diluted $ (4.18 ) $ (0.43 ) $ 0.49 Loss per common share: Basic $ (4.07 ) $ (0.36 ) $ (1.11 ) Diluted $ (4.04 ) $ (0.35 ) $ (1.11 ) Anti-dilutive securities- stock based compensation plans (excluding from earnings per share calculation) (1) 1,239 1,477 4,482 (1) As a result of the impairment and divestiture charges which caused a net loss from continuing operations in fiscal 2017, shares from stock based compensation plans are excluded from the calculation of diluted loss per share, as the result would be anti-dilutive.

Stock Plans

Stock Plans	12 Months Ended
	Aug. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	Note 14. Stock Plans Share based awards may be granted to key employees and directors under the Actuant Corporation 2017 Omnibus Incentive Plan (the “Plan”). At August 31, 2019 , 4,325,000 shares of Class A common stock were authorized for issuance under the Plan plus an additional 1,800,000 shares being registered to cover shares, if any, that become issuable, pursuant to the terms of the Plan, upon the expiration, cancellation or forfeiture of existing awards under our previously registered stock plans, of which 3,212,656 shares were available for future award grants. The Plan permits the Company to grant share-based awards, including stock options, restricted stock, restricted stock units and performance shares (the "Performance Shares") to employees and directors. Options generally have a maximum term of ten years , an exercise price equal to 100% of the fair market value of the Company’s common stock at the date of grant and generally vest 50% after three years and 100% after five years. The Company’s restricted stock grants prior to 2017 generally have similar vesting provisions as options while grants thereafter generally vest in equal installments over a three-year period. The Performance Shares include a three -year performance period, with vesting based 50% on achievement of an absolute free cash flow conversion target and 50% on the Company’s total shareholder return ("TSR") relative to the S&P 600 SmallCap Industrial index. The provisions of share-based awards may vary by individual grant with respect to vesting period, dividend and voting rights, performance conditions and forfeitures. A summary of restricted stock and performance shares activity during fiscal 2019 is as follows: Number of Weighted-Average Fair Value at Grant Date (Per Share) Outstanding on August 31, 2018 1,153,737 $25.25 Granted 705,602 22.75 Forfeited (117,899 ) 24.24 Vested (460,614 ) 25.49 Outstanding on August 31, 2019 1,280,826 $23.87 A summary of stock option activity during fiscal 2019 is as follows: Shares Weighted-Average Weighted-Average Aggregate Outstanding on September 1, 2018 1,769,076 $ 25.40 Granted — — Exercised (84,277 ) 19.72 Forfeited (19,566 ) 24.44 Expired (58,690 ) 20.77 Outstanding on August 31, 2019 1,606,543 $ 25.88 4.1 $ 0.5 million Exercisable on August 31, 2019 1,298,308 $ 26.01 3.5 $ 0.5 million Intrinsic value is the difference between the market value of the stock at August 31, 2019 and the exercise price which is aggregated for all options outstanding and exercisable. A summary of the weighted-average grant-date fair value of options, total intrinsic value of options exercised, and cash receipts from options exercised is summarized below (in thousands, except per share amounts): Year Ended August 31, 2019 2018 2017 Weighted-average fair value of options granted (per share) N/A N/A $ 11.88 Intrinsic value of options exercised $ 429 $ 5,284 2,208 Cash receipts from exercise of options 1,404 15,140 7,762 The Company generally records compensation expense over the vesting period for restricted stock awards based on the market value of the Company's Class A common stock on the grant date and utilized an expected forfeiture rate of 10% , 10% and 11% , for fiscal years ended August 31, 2019, 2018 and 2017, respectively. The fair value of Performance Shares with market vesting conditions is determined utilizing a Monte Carlo simulation model. Stock based compensation expense is determined using a binomial pricing model for options. Assumptions used to determine the fair value of each option were based upon historical data and standard industry valuation practices and methodology. There were no options granted in both fiscal 2019 and 2018. The following weighted-average assumptions were used in fiscal year 2017: Fiscal Year Ended August 31, 2017 Dividend yield 0.15 % Expected volatility 38.12 % Risk-free rate of return 2.42 % Expected forfeiture rate 11 % Expected life 7.4 years As of August 31, 2019 , there was $18.9 million of total unrecognized compensation cost related to share-based awards, including stock options, restricted stock, restricted stock units and performance shares, which will be recognized over a weighted average period of 1.9 years. The total fair value of share-based awards that vested during the fiscal years ended August 31, 2019 and 2018 was $11.9 million and $14.3 million , respectively.

Business Segment, Geographic an

Business Segment, Geographic and Customer Information	12 Months Ended
	Aug. 31, 2019
Segment Reporting [Abstract]
Business Segment, Geographic and Customer Information	Note 15. Business Segment, Geographic and Customer Information The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable 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 Other segment is included for purposes of reconciliation of the respective balances below to the consolidated financial statements. All operations within the EC&S operating segment are considered discontinued operations and are therefore excluded from all disclosures herein. The following tables summarize financial information by reportable segment and product line (in thousands): Year Ended August 31, 2019 2018 2017 Net Sales by Reportable Segment & Product Line Industrial Tools & Services Segment Product $ 433,703 $ 439,405 $ 396,381 Service & Rental 175,812 151,680 156,201 609,515 591,085 552,582 Other Operating Segment 45,243 50,218 64,009 $ 654,758 $ 641,303 $ 616,591 Operating Profit (Loss) Industrial Tools & Services $ 101,411 $ 99,432 $ 95,825 Other Operating Segment (11,821 ) (5,690 ) (130,396 ) General Corporate (42,076 ) (43,536 ) (50,281 ) $ 47,516 $ 50,206 $ (84,852 ) Depreciation and Amortization: Industrial Tools & Services $ 14,762 $ 15,301 $ 15,025 Other Operating Segment 3,408 3,122 5,886 General Corporate 2,047 1,982 2,014 $ 20,217 $ 20,405 $ 22,925 Capital Expenditures: Industrial Tools & Services $ 9,945 $ 7,799 $ 8,614 Other Operating Segment 3,917 1,295 5,411 General Corporate 1,061 1,927 3,213 $ 14,923 $ 11,021 $ 17,238 August 31, 2019 2018 Assets:* Industrial Tools & Services $ 553,615 $ 589,926 Other Operating Segment 54,484 76,506 General Corporate 230,597 249,852 $ 838,696 $ 916,284 *Excludes "Assets from discontinued operations" as of August 31, 2019 and 2018, respectively. In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and 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. The following tables summarize net sales and property, plant and equipment by geographic region (in thousands): Year Ended August 31, 2019 2018 2017 Net Sales: United States $ 249,644 $ 236,036 $ 230,513 United Kingdom 30,127 35,388 42,875 Kazakhstan 30,081 19,814 22,989 Germany 26,445 30,643 27,611 Australia 25,749 30,796 36,076 Saudi Arabia 21,625 20,749 22,089 Brazil 18,779 17,900 15,456 Canada 18,686 20,172 17,458 China 18,548 19,239 18,323 All other 215,074 210,566 183,201 $ 654,758 $ 641,303 $ 616,591 August 31, 2019 2018 Property, Plant and Equipment, net: United States $ 21,047 $ 17,040 China 12,179 13,442 UAE 8,734 7,876 United Kingdom 2,983 3,663 Brazil 2,851 2,923 Netherlands 2,720 3,530 Kazakhstan 2,635 3,056 All other 3,580 3,444 $ 56,729 $ 54,974 The Company’s largest customer accounted for less than 3% of sales in each of the last three fiscal years. Export sales from domestic operations were 7.4% , 7.9% and 6.0% of total net sales from continuing operations in fiscal 2019 , 2018 and 2017 , respectively.

Comitments and Contingencies

Comitments and Contingencies	12 Months Ended
	Aug. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Note 16. Commitments and Contingencies The Company had outstanding letters of credit of $18.2 million and $23.6 million at August 31, 2019 and 2018 , respectively, the majority of which relate to commercial contracts and self-insured workers' compensation programs. As part of the Company's global sourcing strategy, we have entered into agreements with certain suppliers that require the supplier to maintain minimum levels of inventory to support certain products for which we require a short lead time to fulfill customer orders. We have the ability to notify the supplier that they no longer need maintain the minimum level of inventory should we discontinue manufacture of a product during the contract period, however, we must purchase the remaining minimum inventory levels the supplier was required to maintain within a defined period of time. 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 August 31, 2019 was $9.1 million using a weighted average discount rate of 1.9% . The Company has facilities in numerous geographic locations that are subject to environmental laws and regulations. Environmental expenditures over the past three years have not been material. Soil and groundwater contamination has been identified at certain facilities that we operate or formerly owned or operated. We are also a party to certain state and local environmental matters, have provided environmental indemnifications for certain divested businesses and retain responsibility for certain potential environmental liabilities. 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 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 disclosures 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	12 Months Ended
	Aug. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Guarantor Subsidiaries	Note 17. Guarantor Subsidiaries As discussed in Note 7, “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 August 31, 2019 . Certain 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 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. As a result of the refinancing of the Senior Credit Facility in March 2019, certain domestic subsidiaries that were previously Guarantors of the Senior Notes are now non-Guarantors. As such, prior period financial information has been recast to reflect the current Parent, Guarantor, and non-Guarantor structure. CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Year Ended August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 167,009 $ 70,621 $ 417,128 $ — $ 654,758 Cost of products sold 46,220 44,007 271,879 — 362,106 Gross profit 120,789 26,614 145,249 — 292,652 Selling, administrative and engineering expenses 85,399 20,095 103,737 — 209,231 Amortization of intangible assets 1,272 2,600 5,050 — 8,922 Restructuring charges 562 1,402 2,192 — 4,156 Impairment & divestiture charges — 6,243 16,584 — 22,827 Operating profit (loss) 33,556 (3,726 ) 17,686 — 47,516 Financing costs (income), net 28,716 — (553 ) — 28,163 Intercompany (income) expense, net (15,020 ) 21,573 70,086 (76,639 ) — Intercompany dividends (447,637 ) (39,208 ) — 486,845 — Other (income) expense, net (435 ) 1 1,063 — 629 Earnings (loss) before income tax (benefit) expense 467,932 13,908 (52,910 ) (410,206 ) 18,724 Income tax (benefit) expense (5,113 ) (2,395 ) 18,165 — 10,657 Earnings (loss) from continuing operations 473,045 16,303 (71,075 ) (410,206 ) 8,067 Loss from discontinued operations (3,148 ) (93,730 ) (83,695 ) (76,639 ) (257,212 ) Net earnings (loss) before equity in loss of subsidiaries 469,897 (77,427 ) (154,770 ) (486,845 ) (249,145 ) Equity in loss of subsidiaries (719,042 ) (28,354 ) 11,064 736,332 — Net loss (249,145 ) (105,781 ) (143,706 ) 249,487 (249,145 ) Comprehensive loss $ (246,572 ) $ (105,781 ) $ (137,292 ) $ 243,073 $ (246,572 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands) Year Ended August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 159,411 $ 65,128 $ 416,764 $ — $ 641,303 Cost of products sold 29,811 41,674 286,534 — 358,019 Gross profit 129,600 23,454 130,230 — 283,284 Selling, administrative and engineering expenses 81,028 22,540 106,688 — 210,256 Amortization of intangible assets 1,272 2,892 5,116 — 9,280 Restructuring charges 6,109 661 3,785 10,555 Impairment & divestiture charges (benefit) 4,217 — (1,230 ) — 2,987 Operating profit (loss) 36,974 (2,639 ) 15,871 — 50,206 Financing costs (income), net 31,752 — (880 ) — 30,872 Intercompany (income) expense, net (17,087 ) 16,276 (46,961 ) 47,772 — Intercompany dividends — (28,822 ) — 28,822 — Other (income) expense, net (826 ) 18 946 — 138 Earnings before income tax (benefit) expense 23,135 9,889 62,766 (76,594 ) 19,196 Income tax (benefit) expense (35,134 ) 21,689 27,895 — 14,450 Earnings (loss) from continuing operations 58,269 (11,800 ) 34,871 (76,594 ) 4,746 (Loss) earnings from discontinued operations (5,951 ) 9,342 (77,557 ) 47,772 (26,394 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 52,318 (2,458 ) (42,686 ) (28,822 ) (21,648 ) Equity in (loss) earnings of subsidiaries (73,966 ) (54,385 ) 613 127,738 — Net loss (21,648 ) (56,843 ) (42,073 ) 98,916 (21,648 ) Comprehensive income (loss) $ 31,368 $ (56,843 ) $ 9,555 $ 47,288 $ 31,368 CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE LOSS (in thousands) Year Ended August 31, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 145,222 $ 74,008 $ 397,361 $ — $ 616,591 Cost of products sold 35,244 45,994 274,983 — 356,221 Gross profit 109,978 28,014 122,378 — 260,370 Selling, administrative and engineering expenses 76,816 24,958 106,354 — 208,128 Amortization of intangible assets 1,272 2,892 4,933 — 9,097 Director & officer transition charges 7,784 — — — 7,784 Restructuring charges 634 19 2,581 — 3,234 Impairment & divestiture charges — — 116,979 — 116,979 Operating profit (loss) 23,472 145 (108,469 ) — (84,852 ) Financing costs (income), net 30,005 — (784 ) — 29,221 Intercompany (income) expense, net (23,302 ) 84,562 (67,796 ) 6,536 — Intercompany dividends — (231,689 ) (5,623 ) 237,312 — Other expense (income), net 3,303 (26 ) 539 — 3,816 Earnings (loss) before income tax (benefit) expense 13,466 147,298 (34,805 ) (243,848 ) (117,889 ) Income tax (benefit) expense (4,623 ) (18,477 ) 486 — (22,614 ) Net earnings (loss) from continuing operations 18,089 165,775 (35,291 ) (243,848 ) (95,275 ) Net (loss) earnings from discontinued operations (6,362 ) 9,791 19,097 6,536 29,062 Net earnings (loss) before equity in (loss) earnings of subsidiaries 11,727 175,566 (16,194 ) (237,312 ) (66,213 ) Equity in (loss) earnings of subsidiaries (77,940 ) (67,668 ) 316 145,292 — Net (loss) earnings (66,213 ) 107,898 (15,878 ) (92,020 ) (66,213 ) Comprehensive (loss) income $ (41,651 ) $ 90,011 $ 43,818 $ (133,829 ) $ (41,651 ) CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 47,581 $ — $ 163,570 $ — $ 211,151 Accounts receivable, net 20,322 11,358 94,203 — 125,883 Inventories, net 26,737 6,566 43,884 — 77,187 Assets from discontinued operations 295 145,239 140,044 — 285,578 Other current assets 12,116 1,797 16,613 — 30,526 Total current assets 107,051 164,960 458,314 — 730,325 Property, plant & equipment, net 8,515 5,193 43,021 — 56,729 Goodwill 38,847 57,342 164,226 — 260,415 Other intangibles, net 5,611 8,451 38,313 — 52,375 Investment in subsidiaries 1,323,587 912,297 417,022 (2,652,906 ) — Intercompany receivable — — 979,889 (979,889 ) — Other long-term assets 27,510 (13,424 ) 10,344 — 24,430 Total assets $ 1,511,121 $ 1,134,819 $ 2,111,129 $ (3,632,795 ) $ 1,124,274 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 23,678 $ 3,231 $ 50,005 $ — $ 76,914 Accrued compensation and benefits 11,495 1,657 13,269 — 26,421 Current maturities of debt 7,500 — — — 7,500 Income taxes payable — — 4,838 — 4,838 Liabilities from discontinued operations 1,217 29,292 113,254 — 143,763 Other current liabilities 17,556 2,388 21,021 — 40,965 Total current liabilities 61,446 36,568 202,387 — 300,401 Long-term debt 452,945 — — — 452,945 Deferred income taxes (4 ) — 1,568 — 1,564 Pension and post-retirement benefit liabilities 12,005 — 8,208 — 20,213 Other long-term liabilities 44,621 114 3,237 — 47,972 Intercompany payable 638,929 340,960 — (979,889 ) — Shareholders’ equity 301,179 757,177 1,895,729 (2,652,906 ) 301,179 Total liabilities and shareholders’ equity $ 1,511,121 $ 1,134,819 $ 2,111,129 $ (3,632,795 ) $ 1,124,274 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 67,945 $ — $ 182,545 $ — $ 250,490 Accounts receivable, net 19,969 15,634 87,658 — 123,261 Inventories, net 22,646 5,121 44,253 — 72,020 Assets from discontinued operations (1,144 ) 255,676 314,401 — 568,933 Other current assets 6,953 2,421 23,155 — 32,529 Total current assets 116,369 278,852 652,012 — 1,047,233 Property, plant & equipment, net 7,634 4,481 42,859 — 54,974 Goodwill 38,847 57,342 183,943 — 280,132 Other intangible assets, net 6,884 17,294 47,479 — 71,657 Investment in subsidiaries 1,836,879 918,050 301,782 (3,056,711 ) — Intercompany receivables — — 937,259 (937,259 ) — Other long-term assets 14,972 50 16,199 — 31,221 Total assets $ 2,021,585 $ 1,276,069 $ 2,181,533 $ (3,993,970 ) $ 1,485,217 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 16,091 $ 2,646 $ 50,847 $ — $ 69,584 Accrued compensation and benefits 19,643 1,774 14,575 — 35,992 Current maturities of debt 30,000 — — — 30,000 Income taxes payable — — 4,091 — 4,091 Liabilities from discontinued operations 17,839 20,384 122,350 — 160,573 Other current liabilities 17,380 6,017 30,371 — 53,768 Total current liabilities 100,953 30,821 222,234 — 354,008 Long-term debt 502,695 — — — 502,695 Deferred income taxes 2,415 — 1,532 — 3,947 Pension and post-retirement benefit liabilities 7,765 — 6,192 — 13,957 Other long-term liabilities 45,483 265 6,150 — 51,898 Intercompany payable 803,562 133,697 — (937,259 ) — Shareholders’ equity 558,712 1,111,286 1,945,425 (3,056,711 ) 558,712 Total liabilities and shareholders’ equity $ 2,021,585 $ 1,276,069 $ 2,181,533 $ (3,993,970 ) $ 1,485,217 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by (used in) operating activities - continuing operations $ 182,274 $ 107,127 $ (6,856 ) $ (241,642 ) $ 40,903 Cash (used in) provided by operating activities - discontinued operations (163,135 ) 147,274 136,264 (107,461 ) 12,942 Cash provided by operating activities 19,139 254,401 129,408 (349,103 ) 53,845 Investing Activities Capital expenditures (2,292 ) (2,042 ) (10,589 ) — (14,923 ) Proceeds from sale of property, plant and equipment 2 — 1,460 — 1,462 Intercompany investment 47,104 — (49,366 ) 2,262 — Cash provided by (used in) investing activities - continuing operations 44,814 (2,042 ) (58,495 ) 2,262 (13,461 ) Cash provided by (used in) investing activities - discontinued operations 21,039 (3,288 ) 30,988 (24,232 ) 24,507 Cash provided by (used in) investing activities 65,853 (5,330 ) (27,507 ) (21,970 ) 11,046 Financing Activities Payment for redemption of term loan (200,000 ) — — — (200,000 ) Proceeds from issuance of term loan 200,000 — — — 200,000 Principal Repayments on term loan (72,500 ) — — — (72,500 ) Purchase of treasury shares (22,481 ) — — — (22,481 ) Taxes paid related to the net share settlement of equity awards (1,872 ) — — — (1,872 ) Stock option exercises, related tax benefits and other 1,900 — — — 1,900 Cash dividends (2,439 ) — — — (2,439 ) Payment of debt issuance costs (2,125 ) — — — (2,125 ) Intercompany dividends paid — (30,465 ) (85,941 ) 116,406 — Intercompany loan activity (5,839 ) — (21,894 ) 27,733 — Intercompany capital contribution — (42,539 ) (80,880 ) 123,419 — Cash used in financing activities - continuing operations (105,356 ) (73,004 ) (188,715 ) 267,558 (99,517 ) Cash (used in) provided by financing activities - discontinued operations — (176,067 ) 72,552 103,515 — Cash used in financing activities (105,356 ) (249,071 ) (116,163 ) 371,073 (99,517 ) Effect of exchange rate changes on cash — — (4,713 ) — (4,713 ) Net decrease in cash and cash equivalents (20,364 ) — (18,975 ) — (39,339 ) Cash and cash equivalents—beginning of period 67,945 — 182,545 — 250,490 Cash and cash equivalents—end of period $ 47,581 $ — $ 163,570 $ — $ 211,151 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities - continuing operations $ 66,416 $ 11,374 $ 60,866 $ (66,740 ) $ 71,916 Cash provided by operating activities - discontinued operations (3,123 ) 13,399 23,944 (43 ) 34,177 Cash provided by operating activities 63,293 24,773 84,810 (66,783 ) 106,093 Investing Activities Capital expenditures (2,822 ) (2,320 ) (5,879 ) — (11,021 ) Proceeds from sale of property, plant and equipment — — 104 — 104 Intercompany investment (11,754 ) — — 11,754 — Rental asset buyout for Viking divestiture — — (27,718 ) — (27,718 ) Proceeds from sale of business, net of transaction costs 198 — 8,704 — 8,902 Cash paid for business acquisitions, net of cash acquired — (1,732 ) (21,486 ) — (23,218 ) Cash provided by (used in) investing activities - continuing operations (14,378 ) (4,052 ) (46,275 ) 11,754 (52,951 ) Cash provided by (used in) investing activities - discontinued operations — (2,664 ) (7,137 ) 1 (9,800 ) Cash used in investing activities (14,378 ) (6,716 ) (53,412 ) 11,755 (62,751 ) Financing Activities Principal repayments on term loan (30,000 ) — — — (30,000 ) Taxes paid related to the net share settlement of equity awards (1,284 ) — — — (1,284 ) Stock option exercises, related tax benefits and other 15,681 — — — 15,681 Cash dividends (2,390 ) — — — (2,390 ) Intercompany dividends paid — — (28,822 ) 28,822 — Intercompany loan activity 2,041 (18,057 ) 105,386 (89,370 ) — Intercompany capital contribution — — 100 (100 ) — Cash used in financing activities - continuing operations (15,952 ) (18,057 ) 76,664 (60,648 ) (17,993 ) Cash used in financing activities - discontinued operations — — (115,676 ) 115,676 — Cash used in financing activities (15,952 ) (18,057 ) (39,012 ) 55,028 (17,993 ) Effect of exchange rate changes on cash — — (4,430 ) — (4,430 ) Net decrease in cash and cash equivalents 32,963 — (12,044 ) — 20,919 Cash and cash equivalents—beginning of period 34,982 — 194,589 $ — 229,571 Cash and cash equivalents—end of period $ 67,945 $ — $ 182,545 $ — $ 250,490 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities - continuing operations $ 112,557 $ (93,067 ) $ (201,903 ) $ 230,505 $ 48,092 Cash provided by operating activities - discontinued operations (23,697 ) 14,820 42,748 6,536 40,407 Cash provided by operating activities 88,860 (78,247 ) (159,155 ) 237,041 88,499 Investing Activities Capital expenditures (2,697 ) (1,824 ) (12,717 ) — (17,238 ) Proceeds from sale of property, plant and equipment — — 448 — 448 Intercompany investment 2,882 78,154 (26,600 ) (54,436 ) — Cash provided by (used in) investing activities - continuing operations 185 76,330 (38,869 ) (54,436 ) (16,790 ) Cash provided by (used in) investing activities - discontinued operations — (3,436 ) (7,399 ) — (10,835 ) Cash used in investing activities 185 72,894 (46,268 ) (54,436 ) (27,625 ) Financing Activities Principal Repayments on term loan (18,750 ) — — — (18,750 ) Redemption of 5.625% senior notes (500 ) — — — (500 ) Taxes paid related to the net share settlement of equity awards (1,065 ) — — — (1,065 ) Stock option exercises, related tax benefits and other 8,265 — — — 8,265 Cash dividends (2,358 ) — — — (2,358 ) Intercompany dividends paid — — 231,688 (231,688 ) — Intercompany loan activity (47,780 ) — 47,780 — — Intercompany capital contribution — — (54,436 ) 54,436 — Cash used in financing activities - continuing operations (62,188 ) — 225,032 (177,252 ) (14,408 ) Cash used in financing activities - discontinued operations — 5,353 (742 ) (5,353 ) (742 ) Cash used in financing activities (62,188 ) 5,353 224,290 (182,605 ) (15,150 ) Effect of exchange rate changes on cash — — 4,243 — 4,243 Net decrease in cash and cash equivalents 26,857 — 23,110 — 49,967 Cash and cash equivalents—beginning of period 8,125 $ — 171,479 — 179,604 Cash and cash equivalents—end of period $ 34,982 $ — $ 194,589 $ — $ 229,571

Director & Officer Transition C

Director & Officer Transition Charges (Notes) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Director & Officer Transition Charges [Abstract]
Director & officer transition charges	$ 0	$ 0	$ 7,784

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Note 19. Quarterly Financial Data (Unaudited) Quarterly financial data for fiscal 2019 and fiscal 2018 is as follows: Year to date August 31, 2019 First Second Third Fourth Total Net sales $ 158,551 $ 159,788 $ 178,095 $ 158,324 $ 654,758 Gross profit 70,312 71,316 81,954 69,070 292,652 Net (loss) earnings from continuing operations (16,423 ) 765 26,858 (3,133 ) 8,067 Net (loss) earnings per share from continuing operations: Basic $ (0.27 ) $ 0.01 $ 0.44 $ (0.05 ) $ 0.13 Diluted $ (0.27 ) $ 0.01 $ 0.43 $ (0.05 ) $ 0.13 Year to date August 31, 2018 First Second Third Fourth Total Net sales $ 155,767 $ 148,601 $ 170,466 $ 166,469 $ 641,303 Gross profit 68,704 62,216 79,003 73,361 283,284 Net (loss) earnings from continuing operations (2,841 ) (21,568 ) 17,827 11,328 4,746 Net (loss) earnings per share from continuing operations : Basic $ (0.05 ) $ (0.36 ) $ 0.29 $ 0.19 $ 0.08 Diluted $ (0.05 ) $ (0.36 ) $ 0.29 $ 0.18 $ 0.08 The total of the individual quarters may not equal the annual or year-to-date total due to rounding. During the year ended August 31, 2019, the Company recognized impairment and divestiture charges of $22.8 million of which $23.5 million was recorded in the first quarter, $6.1 million in the second quarter, a benefit of $13.0 million in the third quarter and a charge of $6.2 million in the fourth quarter (see Note 6, "Goodwill, Intangible Assets and Long-Lived Assets" ). During the second quarter of fiscal 2018, the Company recognized impairment and divestiture charges of $3.0 million (see Note 5, "Divestiture Activities" ).

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Aug. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	ACTUANT CORPORATION SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS (in thousands) Additions Deductions Balance at Charged to Acquisition/ (Divestiture) Accounts Other Balance at Allowance for losses—Trade accounts receivable August 31, 2019 $ 4,958 $ 1,114 $ — $ (833 ) $ (98 ) $ 5,141 August 31, 2018 10,488 (1,732 ) 76 (3,571 ) (303 ) 4,958 August 31, 2017 6,936 3,792 883 (1,187 ) 64 10,488 Valuation allowance—Income taxes August 31, 2019 $ 32,426 $ 43,693 $ — $ (2,864 ) $ — $ 73,255 August 31, 2018 16,758 27,504 — (11,836 ) — 32,426 August 31, 2017 2,487 14,874 — (603 ) — 16,758

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Aug. 31, 2019
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations: Actuant Corporation, doing business as Enerpac Tool Group (“Actuant” or the “Company”), is a global manufacturer of a broad range of industrial products and solutions, organized into three operating segments. The Industrial Tools & Services segment ("IT&S"), the Company's only reportable 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.
Consolidation and Presentation	Consolidation and Presentation: The consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned. The results of companies acquired or disposed of during the year are included in the consolidated financial statements from the effective date of acquisition or until the date of divestiture. All intercompany balances, transactions and profits have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation, as discussed in the New Accounting Pronouncements section. During the fourth quarter of fiscal 2019, the Company’s financial reporting segments were modified to reflect changes in our reporting structure as a result of entering into a Securities Purchase Agreement ("SPA") to sell the remaining businesses within our legacy Engineered Components & Systems segment exclusive of Cortland U.S. The Company now has three operating segments; Industrial Tools & Services ("IT&S"), Other, and Engineered Components and Systems ("EC&S"). The IT&S segment remains unchanged from our previous segment structure and represents the only reportable segment. All prior period disclosures have been adjusted to reflect the one reportable segment. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools as well as providing services and tool rentals to the industrial, maintenance, infrastructure, oil & gas, energy and other markets. The Other operating segment is comprised of Cortland U.S., along with the Viking business which was divested on the first day of the second quarter of fiscal 2018. These two operating segments represent continuing operations within our consolidated financial statements. The EC&S segment, after the change in reporting structure, represents the businesses currently subject to the SPA with an anticipated closure date in the fourth calendar quarter of 2019, as well as the Cortland Fibron and Precision Hayes International ("PHI") businesses which were divested in fiscal 2019. As the pending divestiture of the remaining businesses within the EC&S segment in combination with the divestiture of Cortland Fibron and PHI represent a strategic shift in our operations, the results of operations for the EC&S segment are classified in "(Loss) earnings from discontinued operations" within the Consolidated Statements of Operations for all periods presented. In addition, the Consolidated Balance Sheets have been recast such that the assets and liabilities of the EC&S segment are classified as "Assets from discontinued operations" and "Liabilities from discontinued operations", respectively, for both periods presented. Furthermore, all disclosures within these footnotes to the financial statements have also been recast to coincide with our updated segmentation.
Cash Equivalents	Cash Equivalents: The Company considers all highly liquid investments with original maturities of 90 days or less to be cash equivalents.
Inventories	Inventories: Inventories are comprised of material, direct labor and manufacturing overhead, and are stated at the lower of cost or market. Inventory cost is determined using the last-in, first-out (“LIFO”) method for a portion of the U.S. owned inventory ( 47.9% and 40.7% of total inventories in 2019 and 2018 , respectively). The first-in, first-out or average cost methods are used for all other inventories. If the LIFO method were not used, inventory balances would be higher than reported amounts in the consolidated balance sheets by $10.3 million and $5.4 million at August 31, 2019 and 2018 , respectively. The nature of the Company’s products is such that they generally have a very short production cycle. Consequently, the amount of work-in-process at any point in time is minimal. In addition, many parts or components are ultimately either sold individually or assembled with other parts making a distinction between raw materials and finished goods impractical to determine. Certain locations maintain and manage their inventories using a job cost system where the distinction of categories of inventory by state of completion is also not available. As a result of these factors, it is neither practical nor cost effective to segregate the amounts of raw materials, work-in-process or finished goods inventories at the respective balance sheet dates, as segregation would only be possible as the result of physical inventories which are taken at dates different from the balance sheet dates.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment are stated at cost. Plant and equipment are depreciated on a straight-line basis over the estimated useful lives of the assets, ranging from ten to forty years for buildings and improvements and two to fifteen years for machinery and equipment. Equipment includes assets (joint integrity tools) which are rented to customers of our IT&S segment. Leasehold improvements are amortized over the life of the related asset or the term of the lease, whichever is shorter. Depreciation expense was $ 11.3 million , $11.1 million and $13.8 million for the years ended August 31, 2019 , 2018 and 2017 , respectively. The following is a summary of the Company's components of property, plant and equipment (in thousands): August 31, 2019 August 31, 2018 Land, buildings and improvements $ 29,661 $ 30,296 Machinery and equipment 140,083 131,716 Gross property, plant and equipment 169,744 162,012 Less: Accumulated depreciation (113,015 ) (107,038 ) Property, plant and equipment, net $ 56,729 $ 54,974
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets: Goodwill and other intangible assets with indefinite lives are not subject to amortization, but are subject to annual impairment testing. Other intangible assets with definite lives, consisting primarily of purchased customer relationships, patents, trademarks and non-compete agreements, are amortized over periods from one to twenty-five years. The Company’s goodwill is tested for impairment annually, during the fourth quarter, or more frequently if events or changes in circumstances indicate that goodwill might be impaired. The Company performs impairment reviews for its reporting units using a fair value method based on management’s judgments and assumptions. In estimating the fair value, the Company utilizes a discounted cash flow model, which is dependent on a number of assumptions, most significantly forecasted revenues and operating profit margins, and the weighted average cost of capital. The estimated fair value of the reporting unit is compared to the carrying amount of the reporting unit, including goodwill. If the carrying value of the reporting unit exceeds its fair value, an impairment loss is recorded and should not exceed the total amount of the goodwill allocated to the reporting unit. Indefinite lived intangible assets are also subject to an annual impairment test. On an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired, the fair value of the indefinite-lived intangible assets are evaluated by the Company to determine if an impairment charge is required. A considerable amount of management judgment is required in performing impairment tests, principally in determining the fair value of each reporting unit and the indefinite lived intangible assets.
Product Warranty Costs	Product Warranty Costs : The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line on the Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the changes in product warranty reserves for fiscal years 2019 and 2018 (in thousands): 2019 2018 Beginning balance $ 931 $ 1,353 Provision for warranties 1,326 962 Warranty payments and costs incurred (1,077 ) (1,388 ) Impact of changes in foreign currency rates (35 ) 4 Ending balance $ 1,145 $ 931
Revenue from Contracts with Customers	Revenue from Contracts with Customers: 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. Customer sales are recorded net of allowances for returns and discounts, which are recognized as a deduction from sales at the time of sale. The Company commits to one-time or on-going trade discounts and promotions with customers that require the Company to estimate and accrue the ultimate costs of such programs.The Company generally does not require collateral or other security for receivables and provides for an allowance for doubtful accounts based on historical experience and a review of its existing receivables. Accounts receivable are stated net of an allowance for doubtful accounts of $5.1 million and $5.0 million at August 31, 2019 and 2018 , respectively.
Shipping and Handling Costs	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 reported in the Consolidated Statements of Operations in "Cost of products sold."
Research and Development Costs	Research and Development Costs: Research and development costs consist primarily of an allocation of overall engineering and development resources and are expensed as incurred. Such costs incurred in the development of new products or significant improvements to existing products were $9.3 million , $8.7 million and $8.9 million in fiscal 2019 , 2018 and 2017 , respectively. The Company also incurs significant costs in connection with fulfilling custom orders and developing solutions for unique customer needs which are not included in these research and development expense totals.
Other Income/Expense	Other Income/Expense: Other income and expense primarily consists of net foreign currency exchange transaction losses of $0.2 million and $3.6 million in fiscal 2019 and 2017 , respectively, with a gain of less than $0.1 million in fiscal 2018 .
Financing Costs	Financing Costs: Financing costs represent interest expense, financing fees and amortization of debt issuance costs, net of interest income. Interest income was $0.7 million for fiscal 2019 and $1.2 million for both fiscal 2018 and 2017 .
Income Taxes	Income Taxes: The provision for income taxes includes federal, state, local and non-U.S. taxes on income. Tax credits, primarily for non-U.S. earnings, are recognized as a reduction of the provision for income taxes in the year in which they are available for U.S. tax purposes. Deferred taxes are provided on temporary differences between assets and liabilities for financial and tax reporting purposes as measured by enacted tax rates expected to apply when temporary differences are settled or realized. Future tax benefits are recognized to the extent that realization of those benefits is considered to be more likely than not. A valuation allowance is established for deferred tax assets for which realization is not more likely than not of being realized. The Company has not provided for any residual U.S. income taxes on unremitted earnings of non-U.S. subsidiaries, as such earnings are intended to be indefinitely reinvested. The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense.
Foreign Currency Translation	Foreign Currency Translation: The financial statements of the Company’s foreign operations are translated into U.S. dollars using the exchange rate at each balance sheet date for assets and liabilities and an appropriate weighted average exchange rate for each applicable period within the Consolidated Statements of Operations. Translation adjustments are reflected in the Consolidated Balance Sheets and Consolidated Statements of Shareholders' Equity caption “Accumulated other comprehensive loss.”
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss: The following is a summary of the components included within accumulated other comprehensive loss (in thousands): August 31, 2019 2018 Foreign currency translation adjustments $ 151,115 $ 158,497 Pension and other postretirement benefit plans, net of tax 20,557 15,748 Accumulated other comprehensive loss $ 171,672 $ 174,245
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The Company regularly evaluates the estimates and assumptions related to the allowance for doubtful accounts, inventory valuation, warranty reserves, fair value of stock-based awards, goodwill, intangible and long-lived asset valuations, employee benefit plan liabilities, over time revenue recognition, income tax liabilities, deferred tax assets and related valuation allowances, uncertain tax positions, restructuring reserves, and litigation and other loss contingencies. Actual results could differ materially and adversely from those estimates and assumptions, and such results could materially affect the Company’s consolidated net income, financial position, or cash flows.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: Subsequent to August 31, 2019, the Company divested certain assets and liabilities of two non-core product lines for cash proceeds of $8.5 million .
New Accounting Pronouncements, Policy	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. See Note 2, “Revenue from Contracts with Customers,” 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. However, prior year amounts have been retrospectively adjusted to reflect this change in accounting principle. 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 and ASU 2019-01) , to increase transparency and comparability among organizations by recognizing all lease transactions 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 including interim periods within those fiscal years. The Company will adopt this standard in the first quarter of fiscal year ending November 30, 2019 (fiscal 2020) using a modified retrospective approach and through implementing selected third-party lease software utilized as a central repository for all leases. We will make certain elections including the package of practical expedients allowing us to not reassess whether any expired or existing contracts contain leases, the lease classification for any expired or existing leases, and initial direct costs for any existing leases. In addition, we will elect not to recognize right of use (“ROU”) assets or lease liabilities for leases containing terms of 12 months or less, and the Company will elect to not separate lease components from non-lease components for all asset classes. As of September 1, 2019, the Company anticipates additions to the balance sheet of right-of-use assets, offset by the associated liabilities, of approximately $55 million to $65 million . We do not expect adoption to have a significant impact on our consolidated statements of operations or consolidated statements of cash flows. The Company is finalizing its accounting policies, controls, processes, and disclosures that will change as a result of adopting the new standard. In addition, as a result of sale leaseback transactions in previous years for which gains were deferred which under the new standard would have been recognized, the Company will record an increase to retained earnings of $0.2 million in the first quarter of fiscal 2020 which represents the recognition of these previously deferred gains. 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 will adopt the guidance in the first quarter of fiscal 2020 which will result in an increase to retained earnings with an offsetting increase in accumulated other comprehensive loss of $3.5 million .

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Aug. 31, 2019
Property, Plant and Equipment [Line Items]
Subsequent Events, Policy [Policy Text Block]	Subsequent Events: Subsequent to August 31, 2019, the Company divested certain assets and liabilities of two non-core product lines for cash proceeds of $8.5 million .
Property, Plant and Equipment [Table Text Block]	The following is a summary of the Company's components of property, plant and equipment (in thousands): August 31, 2019 August 31, 2018 Land, buildings and improvements $ 29,661 $ 30,296 Machinery and equipment 140,083 131,716 Gross property, plant and equipment 169,744 162,012 Less: Accumulated depreciation (113,015 ) (107,038 ) Property, plant and equipment, net $ 56,729 $ 54,974
Reconciliation of Changes in Accrued Product Warranty	Product Warranty Costs : The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line on the Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a rollforward of the changes in product warranty reserves for fiscal years 2019 and 2018 (in thousands): 2019 2018 Beginning balance $ 931 $ 1,353 Provision for warranties 1,326 962 Warranty payments and costs incurred (1,077 ) (1,388 ) Impact of changes in foreign currency rates (35 ) 4 Ending balance $ 1,145 $ 931

Revenue from Contracts with C_2

Revenue from Contracts with Customers Disaggregation of Revenues (Tables)	12 Months Ended
	Aug. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred for the fiscal year ended August 31, 2019 (in thousands): Revenues recognized at point in time $ 453,427 Revenues recognized over time 201,331 Total $ 654,758

Revenue from Contracts with C_3

Revenue from Contracts with Customers Contract with Customer, Assets and Liabilities (Tables)	12 Months Ended
	Aug. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The Company's contract assets and liabilities are as follows (in thousands): August 31, 2019 2018 Receivables, which are included in accounts receivable, net $ 125,883 $ 123,261 Contract assets, which are included in other current assets 3,747 6,367 Contract liabilities, which are included in other current liabilities 3,707 12,937

Divestitures Activities Schedul

Divestitures Activities Schedule of Assets and Liabilities Held for Sale (Tables)	12 Months Ended
	Aug. 31, 2019
Schedule of Assets and Liabilities Held for Sale [Abstract]
Schedule of Assets and Liabilities Held for Sale [Table Text Block]	The following is a summary of the assets and liabilities of discontinued operations (in thousands): August 31, 2019 2018 Accounts receivable, net $ 52,802 $ 67,412 Inventories, net 76,825 86,933 Other current assets 8,058 13,467 Property, plant & equipment, net 32,172 37,432 Goodwill 16,862 233,779 Other intangible assets, net 93,314 120,344 Other long-term assets 5,545 9,566 Assets of discontinued operations $ 285,578 $ 568,933 Trade accounts payable $ 43,628 $ 65,169 Accrued compensation and benefits 12,101 19,930 Reserve for cumulative translation adjustment 54,469 35,346 Other current liabilities 12,101 14,800 Deferred income taxes 20,029 24,145 Pension and postretirement benefit liabilities 1,344 912 Other long-term liabilities 91 271 Liabilities of discontinued operations $ 143,763 $ 160,573

Divestitures Activities Discont

Divestitures Activities Discontinued Operations (Tables)	12 Months Ended
	Aug. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The following represents the detail of "(Loss) earnings from discontinued operations, net of income taxes" within the Consolidated Statements of Operations (in thousands): Year Ended August 31, 2019 2018 2017 Net sales $ 459,144 $ 541,308 $ 479,193 Cost of products sold 344,563 409,332 359,846 Gross profit 114,581 131,976 119,347 Selling, administrative and engineering expenses 68,339 81,188 69,360 Amortization of intangible assets 5,666 11,285 11,377 Restructuring charges 1,779 1,440 3,994 Impairment & divestiture charges* 286,175 70,071 — Operating (loss) profit (247,378 ) (32,008 ) 34,616 Financing costs, net 124 619 482 Other expense (income), net 1,922 (759 ) (1,064 ) Loss (earnings) before income tax expense (benefit) (249,424 ) (31,868 ) 35,198 Income tax expense (benefit) 7,788 (5,474 ) 6,136 Net (loss) earnings from discontinued operations $ (257,212 ) $ (26,394 ) $ 29,062 *In addition to the impairment & divestiture charges discussed above, the Company also incurred approximately $10.5 million of divestiture charges in fiscal 2019 related to the anticipated divestiture of EC&S.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Aug. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amount of goodwill for the years ended August 31, 2019 and 2018 by operating segment are as follows (in thousands): Industrial Tools & Services Other Total Balance as of August 31, 2017 $ 238,707 $ 33,712 $ 272,419 Business acquisitions 12,441 — 12,441 Impact of changes in foreign currency rates (2,443 ) (2,285 ) (4,728 ) Balance as of August 31, 2018 248,705 31,427 280,132 Purchase accounting adjustments 253 — 253 Impairment charge — (13,678 ) (13,678 ) Impact of changes in foreign currency rates (6,085 ) (207 ) (6,292 ) Balance as of August 31, 2019 $ 242,873 $ 17,542 $ 260,415 The changes in the carrying amount of goodwill included within "Assets from discontinued operations" on the Consolidated Balance Sheets for the years ended August 31, 2019 and 2018 are as follows (in thousands): Balance as of August 31, 2017 $ 257,662 Impairment charge (21,227 ) Impact of changes in foreign currency rates (2,655 ) Balance as of August 31, 2018 233,780 Impairment charge (209,489 ) Impact of changes in foreign currency rates (7,429 ) Balance as of August 31, 2019 $ 16,862
Gross Carrying Amount and Accumulated Amortization of Intangible Assets	The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands): Weighted Average Amortization Period (Year) August 31, 2019 August 31, 2018 Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 14 $ 126,229 $ 96,817 $ 29,412 $ 128,561 $ 84,029 $ 44,532 Patents 12 13,227 12,276 951 13,324 11,915 1,409 Trademarks and tradenames 16 4,513 2,921 1,592 4,275 2,826 1,449 Non-compete agreements & other 3 4,835 4,835 — 4,942 4,813 129 Indefinite lived intangible assets: Tradenames N/A 20,420 — 20,420 24,138 — 24,138 $ 169,224 $ 116,849 $ 52,375 $ 175,240 $ 103,583 $ 71,657

Debt (Tables)

Debt (Tables)	12 Months Ended
	Aug. 31, 2019
Debt Disclosure [Abstract]
Long-Term Indebtedness	The following is a summary of the Company’s long-term indebtedness (in thousands): August 31, 2019 2018 Previous Senior Credit Facility Revolver $ — $ — Term Loan — 247,500 Total Previous Senior Credit Facility — 247,500 New Senior Credit Facility Revolver — — Term Loan 175,000 — Total New Senior Credit Facility 175,000 — 5.625% Senior Notes 287,559 287,559 Total Senior Indebtedness 462,559 535,059 Less: Current maturities of long-term debt (7,500 ) (30,000 ) Debt issuance costs (2,114 ) (2,364 ) Total long-term debt, less current maturities $ 452,945 $ 502,695
Schedule of Maturities of Long-term Debt [Table Text Block]	As of August 31, 2019 , future debt maturities for each of the next five fiscal years were as follows (in thousands): Fiscal Year Term Loan Senior Notes Total 2020 $ 7,500 $ — $ 7,500 2021 12,500 — 12,500 2022 17,500 287,559 305,059 2023 20,000 — 20,000 2024 117,500 — 117,500 $ 175,000 $ 287,559 $ 462,559

Derivatives Gain (Loss) (Tables

Derivatives Gain (Loss) (Tables)	12 Months Ended
	Aug. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) [Table Text Block]	Net foreign currency (losses) gains (included in "Other expense" in the Consolidated Statements of Operations) related to these derivative instruments are as follows (in thousands): Year Ended August 31, 2019 2018 2017 Foreign Currency (losses) gains $ (292 ) $ 249 $ (3,113 )

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Aug. 31, 2019
Pension Plans, Defined Benefit
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets	The following table provides detail of changes in the projected benefit obligations, the fair value of plan assets and the funded status of the Company’s U.S. defined benefit pension plans as of the respective August 31 measurement date (in thousands): 2019 2018 Reconciliation of benefit obligations: Benefit obligation at beginning of year $ 43,280 $ 46,806 Interest cost 1,694 1,633 Actuarial loss/(gain) 5,339 (2,330 ) Benefits paid (2,913 ) (2,829 ) Benefit obligation at end of year $ 47,400 $ 43,280 Reconciliation of plan assets: Fair value of plan assets at beginning of year $ 40,244 $ 40,027 Actual return on plan assets 2,972 2,938 Company contributions 108 108 Benefits paid from plan assets (2,912 ) (2,829 ) Fair value of plan assets at end of year 40,412 40,244 Funded status of the plans (underfunded) $ (6,988 ) $ (3,036 )
Net Periodic Benefit Costs	The following table provides detail on the Company’s domestic net periodic benefit expense (income) (in thousands): Year ended August 31, 2019 2018 2017 Interest cost $ 1,694 $ 1,633 $ 1,690 Expected return on assets (2,208 ) (2,668 ) (2,867 ) Amortization of actuarial loss 990 1,127 1,141 Net periodic benefit expense (income) $ 476 $ 92 $ (36 )
Weighted Average Assumption used to Determine Benefit Obligations and Net Periodic Benefit Cost	Weighted-average assumptions used to determine U.S. pension plan obligations as of August 31 and weighted-average assumptions used to determine net periodic benefit cost for the years ended August 31 are as follows: 2019 2018 2017 Assumptions for benefit obligations: Discount rate 2.90 % 4.05 % 3.60 % Assumptions for net periodic benefit cost: Discount rate 4.05 % 3.60 % 3.45 % Expected return on plan assets 5.75 % 7.00 % 7.15 %
U.S. Pension Plan Investment Allocations by Asset Category	The U.S. pension plan investment allocations by asset category were as follows (in thousands): Year Ended August 31, 2019 % 2018 % Cash and cash equivalents $ 304 0.8 % $ 559 1.4 % Fixed income securities: Corporate bonds 5,127 12.7 19,107 47.5 Mutual funds 23,206 57.4 814 2.0 28,333 70.1 19,921 49.5 Equity securities: Mutual funds 11,775 29.1 19,764 49.1 Total plan assets $ 40,412 100.0 % $ 40,244 100.0 %
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets	The following table provides detail of changes in the projected benefit obligations, the fair value of plan assets and the funded status of the Company’s foreign defined benefit pension plans as of the respective August 31 measurement date (in thousands): 2019 2018 Reconciliation of benefit obligations: Benefit obligation at beginning of year $ 13,056 $ 13,423 Employer Service Costs 450 440 Interest cost 257 278 Actuarial loss/(gain) 2,594 (337 ) Benefits paid (421 ) (555 ) Plan amendments 89 — Curtailments (107 ) — Currency impact (815 ) (193 ) Benefit obligation at end of year $ 15,103 $ 13,056 Reconciliation of plan assets: Fair value of plan assets at beginning of year $ 7,902 $ 7,904 Actual return on plan assets 752 32 Company contributions 374 588 Benefits paid from plan assets (421 ) (555 ) Currency impact (489 ) (67 ) Fair value of plan assets at end of year 8,118 7,902 Funded status of the plans (underfunded) $ (6,985 ) $ (5,154 )
Net Periodic Benefit Costs	The following table provides detail on the Company’s foreign net periodic benefit expense (in thousands): Year ended August 31, 2019 2018 2017 Employer service costs $ 450 $ 440 $ 413 Interest cost 257 278 239 Expected return on assets (345 ) (366 ) (379 ) Amortization of net prior service credit (65 ) (69 ) (61 ) Amortization of net loss 263 306 438 (Income) or cost of special events (56 ) 18 268 Net periodic benefit expense $ 504 $ 607 $ 918

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Aug. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Expense from Continuing Operations	Income tax expense (benefit) from continuing operations is summarized as follows (in thousands): Year ended August 31, 2019 2018 2017 Currently payable: Federal $ (2,040 ) $ 291 $ (22,002 ) Foreign 9,370 9,223 11,239 State 1,347 358 (675 ) 8,677 9,872 (11,438 ) Deferred: Federal (400 ) (1,143 ) 3,278 Foreign 2,172 5,807 (14,406 ) State 208 (86 ) (48 ) 1,980 4,578 (11,176 ) Income tax expense (benefit) $ 10,657 $ 14,450 $ (22,614 )
Reconciliation of Income Taxes at Federal Statutory Rate to Effective Tax Rate	A reconciliation of income taxes at the federal statutory rate to the effective tax rate is summarized in the following table: Year ended August 31, 2019 2018 2017 Federal statutory rate 21.0 % 25.7 % 35.0 % State income taxes, net of Federal effect (4.0 ) (0.5 ) 0.6 Net effects of foreign tax rate differential and credits (1) 11.3 (12.2 ) (5.4 ) Domestic manufacturing deduction — (1.3 ) 0.2 Foreign branch currency losses — (2.1 ) (0.2 ) Compensation adjustment 4.4 7.0 — Impairment and divestiture charges (2) 19.3 39.1 (7.9 ) Valuation allowance additions and releases (3) 3.9 20.3 (12.3 ) Changes in liability for unrecognized tax benefits 4.1 (34.1 ) (2.6 ) U.S. tax reform, net impact (4) (31.1 ) 2.4 — Taxable liquidation of foreign subsidiaries (5) — 7.7 15.5 Foreign non-deductible expenses 16.2 12.0 (2.1 ) Changes in tax rates 1.7 (1.4 ) (1.5 ) R&D credit, audits and adjustments 4.8 15.3 1.0 Other items 5.3 (2.6 ) (1.1 ) Effective income tax rate 56.9 % 75.3 % 19.2 % (1) The Company generated $0.7 million , $10.2 million and $4.2 million of foreign tax credits, excluding the impact of tax reform for fiscal 2019 , 2018 and 2017 , respectively. (2) Fiscal 2019, 2018 and 2017 pretax earnings (loss) include $22.8 million , $3.0 million and $117.0 million , respectively, in impairment & divestiture charges related to goodwill, intangible assets, tangible assets and the cumulative effect of foreign currency rate changes of which $14.0 million , $0.7 million and $69.0 million , respectively, are not deductible for income tax purposes. (3) Incremental valuation allowances of $1.7 million and $20.4 million were recorded in fiscal 2019 and 2018, respectively, due to uncertainty regarding utilization of foreign operating loss carryforwards, which were partially offset by a reduction of $2.9 million and $11.8 million of valuation allowances for fiscal 2019 and 2018, respectively. These amounts exclude valuation allowances related to foreign tax credits that are categorized with tax reform. (4) During fiscal 2019, legislative changes and additional guidance related to the Act resulted in tax benefit of $5.8 million related to the fiscal 2018 tax year. (5) During fiscal 2018 and 2017, the Company generated a net expense of $1.5 million and a net benefit of $14.9 million , the result of taxable liquidations of foreign subsidiaries.
Temporary Differences and Carryforwards of Deferred Tax Assets and Liabilities	Temporary differences and carryforwards that gave rise to deferred tax assets and liabilities include the following items (in thousands): August 31, 2019 2018 Deferred income tax assets: Operating loss and tax credit carryforwards $ 88,198 $ 38,414 Compensation related liabilities 7,752 8,821 Postretirement benefits 9,289 8,659 Inventory 629 520 Book reserves and other items 11,465 17,499 Total deferred income tax assets 117,333 73,913 Valuation allowance (73,255 ) (32,426 ) Net deferred income tax assets 44,078 41,487 Deferred income tax liabilities: Depreciation and amortization (26,248 ) (23,517 ) Other items (862 ) (611 ) Deferred income tax liabilities (27,110 ) (24,128 ) Net deferred income tax asset (1) $ 16,968 $ 17,359 (1) The net deferred income tax asset is reflected on the balance sheet in two categories: an asset of $18.4 million and $ 21.3 million for fiscal 2019 and 2018, respectively, is included in "Other long-term assets" and a liability of $1.6 million and $3.9 million for fiscal 2019 and 2018, respectively, is included in "Deferred income taxes".
Changes in Gross Liability for Unrecognized Tax benefits, Excluding Interest and Penalties	Changes in the Company’s gross liability for unrecognized tax benefits, excluding interest and penalties, are as follows (in thousands): 2019 2018 2017 Beginning balance $ 24,359 $ 31,446 $ 29,174 Increases based on tax positions related to the current year 2,169 2,599 6,057 Increase for tax positions taken in a prior period 1,422 359 297 Decrease for tax positions taken in a prior period — (349 ) (627 ) Decrease due to lapse of statute of limitations (3,212 ) (9,163 ) (4,008 ) Decrease due to settlements (324 ) — — Changes in foreign currency exchange rates (247 ) (533 ) 553 Ending balance $ 24,167 $ 24,359 $ 31,446
Earnings before Income Taxes, Including both Continuing and Discontinued Operations	arnings (loss) before income taxes from continuing operations, are summarized as follows (in thousands): Year Ended August 31, 2019 2018 2017 Domestic $ (715 ) $ 5,337 $ (10,023 ) Foreign 19,439 13,859 (107,866 ) $ 18,724 $ 19,196 $ (117,889 )

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Aug. 31, 2019
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts): Year Ended August 31, 2019 2018 2017 Numerator: Net earnings (loss) from continuing operations $ 8,067 $ 4,746 $ (95,275 ) Net (loss) earnings from discontinued operations (257,212 ) (26,394 ) 29,062 Net loss (249,145 ) (21,648 ) (66,213 ) Denominator: Weighted average common shares outstanding - basic 61,151 60,441 59,436 Net effect of dilutive securities - stock based compensation plans 456 587 — Weighted average common shares outstanding - diluted 61,607 61,028 59,436 Earnings (loss) per common share from continuing operations: Basic $ 0.13 $ 0.08 $ (1.60 ) Diluted $ 0.13 $ 0.08 $ (1.60 ) (Loss) earnings per common share from discontinued operations: Basic $ (4.21 ) $ (0.44 ) $ 0.49 Diluted $ (4.18 ) $ (0.43 ) $ 0.49 Loss per common share: Basic $ (4.07 ) $ (0.36 ) $ (1.11 ) Diluted $ (4.04 ) $ (0.35 ) $ (1.11 ) Anti-dilutive securities- stock based compensation plans (excluding from earnings per share calculation) (1) 1,239 1,477 4,482

Stock Plans (Tables)

Stock Plans (Tables)	12 Months Ended
	Aug. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Restricted Stock and Performance Shares Activity	A summary of restricted stock and performance shares activity during fiscal 2019 is as follows: Number of Weighted-Average Fair Value at Grant Date (Per Share) Outstanding on August 31, 2018 1,153,737 $25.25 Granted 705,602 22.75 Forfeited (117,899 ) 24.24 Vested (460,614 ) 25.49 Outstanding on August 31, 2019 1,280,826 $23.87
Summary Stock option Activity	A summary of stock option activity during fiscal 2019 is as follows: Shares Weighted-Average Weighted-Average Aggregate Outstanding on September 1, 2018 1,769,076 $ 25.40 Granted — — Exercised (84,277 ) 19.72 Forfeited (19,566 ) 24.44 Expired (58,690 ) 20.77 Outstanding on August 31, 2019 1,606,543 $ 25.88 4.1 $ 0.5 million Exercisable on August 31, 2019 1,298,308 $ 26.01 3.5 $ 0.5 million
Summary of Weighted Average Grant-Date Fair Value Of options, Total Intrinsic Value of Options Exercised, and Cash Receipts from Options Exercised	A summary of the weighted-average grant-date fair value of options, total intrinsic value of options exercised, and cash receipts from options exercised is summarized below (in thousands, except per share amounts): Year Ended August 31, 2019 2018 2017 Weighted-average fair value of options granted (per share) N/A N/A $ 11.88 Intrinsic value of options exercised $ 429 $ 5,284 2,208 Cash receipts from exercise of options 1,404 15,140 7,762
Weighted Average Assumptions	The following weighted-average assumptions were used in fiscal year 2017: Fiscal Year Ended August 31, 2017 Dividend yield 0.15 % Expected volatility 38.12 % Risk-free rate of return 2.42 % Expected forfeiture rate 11 % Expected life 7.4 years

Business Segment, Geographic _2

Business Segment, Geographic and Customer Information (Tables)	12 Months Ended
	Aug. 31, 2019
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): Year Ended August 31, 2019 2018 2017 Net Sales by Reportable Segment & Product Line Industrial Tools & Services Segment Product $ 433,703 $ 439,405 $ 396,381 Service & Rental 175,812 151,680 156,201 609,515 591,085 552,582 Other Operating Segment 45,243 50,218 64,009 $ 654,758 $ 641,303 $ 616,591 Operating Profit (Loss) Industrial Tools & Services $ 101,411 $ 99,432 $ 95,825 Other Operating Segment (11,821 ) (5,690 ) (130,396 ) General Corporate (42,076 ) (43,536 ) (50,281 ) $ 47,516 $ 50,206 $ (84,852 ) Depreciation and Amortization: Industrial Tools & Services $ 14,762 $ 15,301 $ 15,025 Other Operating Segment 3,408 3,122 5,886 General Corporate 2,047 1,982 2,014 $ 20,217 $ 20,405 $ 22,925 Capital Expenditures: Industrial Tools & Services $ 9,945 $ 7,799 $ 8,614 Other Operating Segment 3,917 1,295 5,411 General Corporate 1,061 1,927 3,213 $ 14,923 $ 11,021 $ 17,238 August 31, 2019 2018 Assets:* Industrial Tools & Services $ 553,615 $ 589,926 Other Operating Segment 54,484 76,506 General Corporate 230,597 249,852 $ 838,696 $ 916,284
Financial Information From Continuing Operations By Geographic Region	The following tables summarize net sales and property, plant and equipment by geographic region (in thousands): Year Ended August 31, 2019 2018 2017 Net Sales: United States $ 249,644 $ 236,036 $ 230,513 United Kingdom 30,127 35,388 42,875 Kazakhstan 30,081 19,814 22,989 Germany 26,445 30,643 27,611 Australia 25,749 30,796 36,076 Saudi Arabia 21,625 20,749 22,089 Brazil 18,779 17,900 15,456 Canada 18,686 20,172 17,458 China 18,548 19,239 18,323 All other 215,074 210,566 183,201 $ 654,758 $ 641,303 $ 616,591
Long-lived Assets by Geographic Areas [Table Text Block]	August 31, 2019 2018 Property, Plant and Equipment, net: United States $ 21,047 $ 17,040 China 12,179 13,442 UAE 8,734 7,876 United Kingdom 2,983 3,663 Brazil 2,851 2,923 Netherlands 2,720 3,530 Kazakhstan 2,635 3,056 All other 3,580 3,444 $ 56,729 $ 54,974

Guarantor Subsidiaries (Tables)

Guarantor Subsidiaries (Tables)	12 Months Ended
	Aug. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Statements of Earnings	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Year Ended August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 167,009 $ 70,621 $ 417,128 $ — $ 654,758 Cost of products sold 46,220 44,007 271,879 — 362,106 Gross profit 120,789 26,614 145,249 — 292,652 Selling, administrative and engineering expenses 85,399 20,095 103,737 — 209,231 Amortization of intangible assets 1,272 2,600 5,050 — 8,922 Restructuring charges 562 1,402 2,192 — 4,156 Impairment & divestiture charges — 6,243 16,584 — 22,827 Operating profit (loss) 33,556 (3,726 ) 17,686 — 47,516 Financing costs (income), net 28,716 — (553 ) — 28,163 Intercompany (income) expense, net (15,020 ) 21,573 70,086 (76,639 ) — Intercompany dividends (447,637 ) (39,208 ) — 486,845 — Other (income) expense, net (435 ) 1 1,063 — 629 Earnings (loss) before income tax (benefit) expense 467,932 13,908 (52,910 ) (410,206 ) 18,724 Income tax (benefit) expense (5,113 ) (2,395 ) 18,165 — 10,657 Earnings (loss) from continuing operations 473,045 16,303 (71,075 ) (410,206 ) 8,067 Loss from discontinued operations (3,148 ) (93,730 ) (83,695 ) (76,639 ) (257,212 ) Net earnings (loss) before equity in loss of subsidiaries 469,897 (77,427 ) (154,770 ) (486,845 ) (249,145 ) Equity in loss of subsidiaries (719,042 ) (28,354 ) 11,064 736,332 — Net loss (249,145 ) (105,781 ) (143,706 ) 249,487 (249,145 ) Comprehensive loss $ (246,572 ) $ (105,781 ) $ (137,292 ) $ 243,073 $ (246,572 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (in thousands) Year Ended August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 159,411 $ 65,128 $ 416,764 $ — $ 641,303 Cost of products sold 29,811 41,674 286,534 — 358,019 Gross profit 129,600 23,454 130,230 — 283,284 Selling, administrative and engineering expenses 81,028 22,540 106,688 — 210,256 Amortization of intangible assets 1,272 2,892 5,116 — 9,280 Restructuring charges 6,109 661 3,785 10,555 Impairment & divestiture charges (benefit) 4,217 — (1,230 ) — 2,987 Operating profit (loss) 36,974 (2,639 ) 15,871 — 50,206 Financing costs (income), net 31,752 — (880 ) — 30,872 Intercompany (income) expense, net (17,087 ) 16,276 (46,961 ) 47,772 — Intercompany dividends — (28,822 ) — 28,822 — Other (income) expense, net (826 ) 18 946 — 138 Earnings before income tax (benefit) expense 23,135 9,889 62,766 (76,594 ) 19,196 Income tax (benefit) expense (35,134 ) 21,689 27,895 — 14,450 Earnings (loss) from continuing operations 58,269 (11,800 ) 34,871 (76,594 ) 4,746 (Loss) earnings from discontinued operations (5,951 ) 9,342 (77,557 ) 47,772 (26,394 ) Net earnings (loss) before equity in (loss) earnings of subsidiaries 52,318 (2,458 ) (42,686 ) (28,822 ) (21,648 ) Equity in (loss) earnings of subsidiaries (73,966 ) (54,385 ) 613 127,738 — Net loss (21,648 ) (56,843 ) (42,073 ) 98,916 (21,648 ) Comprehensive income (loss) $ 31,368 $ (56,843 ) $ 9,555 $ 47,288 $ 31,368 CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE LOSS (in thousands) Year Ended August 31, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 145,222 $ 74,008 $ 397,361 $ — $ 616,591 Cost of products sold 35,244 45,994 274,983 — 356,221 Gross profit 109,978 28,014 122,378 — 260,370 Selling, administrative and engineering expenses 76,816 24,958 106,354 — 208,128 Amortization of intangible assets 1,272 2,892 4,933 — 9,097 Director & officer transition charges 7,784 — — — 7,784 Restructuring charges 634 19 2,581 — 3,234 Impairment & divestiture charges — — 116,979 — 116,979 Operating profit (loss) 23,472 145 (108,469 ) — (84,852 ) Financing costs (income), net 30,005 — (784 ) — 29,221 Intercompany (income) expense, net (23,302 ) 84,562 (67,796 ) 6,536 — Intercompany dividends — (231,689 ) (5,623 ) 237,312 — Other expense (income), net 3,303 (26 ) 539 — 3,816 Earnings (loss) before income tax (benefit) expense 13,466 147,298 (34,805 ) (243,848 ) (117,889 ) Income tax (benefit) expense (4,623 ) (18,477 ) 486 — (22,614 ) Net earnings (loss) from continuing operations 18,089 165,775 (35,291 ) (243,848 ) (95,275 ) Net (loss) earnings from discontinued operations (6,362 ) 9,791 19,097 6,536 29,062 Net earnings (loss) before equity in (loss) earnings of subsidiaries 11,727 175,566 (16,194 ) (237,312 ) (66,213 ) Equity in (loss) earnings of subsidiaries (77,940 ) (67,668 ) 316 145,292 — Net (loss) earnings (66,213 ) 107,898 (15,878 ) (92,020 ) (66,213 ) Comprehensive (loss) income $ (41,651 ) $ 90,011 $ 43,818 $ (133,829 ) $ (41,651 )
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 47,581 $ — $ 163,570 $ — $ 211,151 Accounts receivable, net 20,322 11,358 94,203 — 125,883 Inventories, net 26,737 6,566 43,884 — 77,187 Assets from discontinued operations 295 145,239 140,044 — 285,578 Other current assets 12,116 1,797 16,613 — 30,526 Total current assets 107,051 164,960 458,314 — 730,325 Property, plant & equipment, net 8,515 5,193 43,021 — 56,729 Goodwill 38,847 57,342 164,226 — 260,415 Other intangibles, net 5,611 8,451 38,313 — 52,375 Investment in subsidiaries 1,323,587 912,297 417,022 (2,652,906 ) — Intercompany receivable — — 979,889 (979,889 ) — Other long-term assets 27,510 (13,424 ) 10,344 — 24,430 Total assets $ 1,511,121 $ 1,134,819 $ 2,111,129 $ (3,632,795 ) $ 1,124,274 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 23,678 $ 3,231 $ 50,005 $ — $ 76,914 Accrued compensation and benefits 11,495 1,657 13,269 — 26,421 Current maturities of debt 7,500 — — — 7,500 Income taxes payable — — 4,838 — 4,838 Liabilities from discontinued operations 1,217 29,292 113,254 — 143,763 Other current liabilities 17,556 2,388 21,021 — 40,965 Total current liabilities 61,446 36,568 202,387 — 300,401 Long-term debt 452,945 — — — 452,945 Deferred income taxes (4 ) — 1,568 — 1,564 Pension and post-retirement benefit liabilities 12,005 — 8,208 — 20,213 Other long-term liabilities 44,621 114 3,237 — 47,972 Intercompany payable 638,929 340,960 — (979,889 ) — Shareholders’ equity 301,179 757,177 1,895,729 (2,652,906 ) 301,179 Total liabilities and shareholders’ equity $ 1,511,121 $ 1,134,819 $ 2,111,129 $ (3,632,795 ) $ 1,124,274 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 67,945 $ — $ 182,545 $ — $ 250,490 Accounts receivable, net 19,969 15,634 87,658 — 123,261 Inventories, net 22,646 5,121 44,253 — 72,020 Assets from discontinued operations (1,144 ) 255,676 314,401 — 568,933 Other current assets 6,953 2,421 23,155 — 32,529 Total current assets 116,369 278,852 652,012 — 1,047,233 Property, plant & equipment, net 7,634 4,481 42,859 — 54,974 Goodwill 38,847 57,342 183,943 — 280,132 Other intangible assets, net 6,884 17,294 47,479 — 71,657 Investment in subsidiaries 1,836,879 918,050 301,782 (3,056,711 ) — Intercompany receivables — — 937,259 (937,259 ) — Other long-term assets 14,972 50 16,199 — 31,221 Total assets $ 2,021,585 $ 1,276,069 $ 2,181,533 $ (3,993,970 ) $ 1,485,217 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 16,091 $ 2,646 $ 50,847 $ — $ 69,584 Accrued compensation and benefits 19,643 1,774 14,575 — 35,992 Current maturities of debt 30,000 — — — 30,000 Income taxes payable — — 4,091 — 4,091 Liabilities from discontinued operations 17,839 20,384 122,350 — 160,573 Other current liabilities 17,380 6,017 30,371 — 53,768 Total current liabilities 100,953 30,821 222,234 — 354,008 Long-term debt 502,695 — — — 502,695 Deferred income taxes 2,415 — 1,532 — 3,947 Pension and post-retirement benefit liabilities 7,765 — 6,192 — 13,957 Other long-term liabilities 45,483 265 6,150 — 51,898 Intercompany payable 803,562 133,697 — (937,259 ) — Shareholders’ equity 558,712 1,111,286 1,945,425 (3,056,711 ) 558,712 Total liabilities and shareholders’ equity $ 2,021,585 $ 1,276,069 $ 2,181,533 $ (3,993,970 ) $ 1,485,217
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2019 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by (used in) operating activities - continuing operations $ 182,274 $ 107,127 $ (6,856 ) $ (241,642 ) $ 40,903 Cash (used in) provided by operating activities - discontinued operations (163,135 ) 147,274 136,264 (107,461 ) 12,942 Cash provided by operating activities 19,139 254,401 129,408 (349,103 ) 53,845 Investing Activities Capital expenditures (2,292 ) (2,042 ) (10,589 ) — (14,923 ) Proceeds from sale of property, plant and equipment 2 — 1,460 — 1,462 Intercompany investment 47,104 — (49,366 ) 2,262 — Cash provided by (used in) investing activities - continuing operations 44,814 (2,042 ) (58,495 ) 2,262 (13,461 ) Cash provided by (used in) investing activities - discontinued operations 21,039 (3,288 ) 30,988 (24,232 ) 24,507 Cash provided by (used in) investing activities 65,853 (5,330 ) (27,507 ) (21,970 ) 11,046 Financing Activities Payment for redemption of term loan (200,000 ) — — — (200,000 ) Proceeds from issuance of term loan 200,000 — — — 200,000 Principal Repayments on term loan (72,500 ) — — — (72,500 ) Purchase of treasury shares (22,481 ) — — — (22,481 ) Taxes paid related to the net share settlement of equity awards (1,872 ) — — — (1,872 ) Stock option exercises, related tax benefits and other 1,900 — — — 1,900 Cash dividends (2,439 ) — — — (2,439 ) Payment of debt issuance costs (2,125 ) — — — (2,125 ) Intercompany dividends paid — (30,465 ) (85,941 ) 116,406 — Intercompany loan activity (5,839 ) — (21,894 ) 27,733 — Intercompany capital contribution — (42,539 ) (80,880 ) 123,419 — Cash used in financing activities - continuing operations (105,356 ) (73,004 ) (188,715 ) 267,558 (99,517 ) Cash (used in) provided by financing activities - discontinued operations — (176,067 ) 72,552 103,515 — Cash used in financing activities (105,356 ) (249,071 ) (116,163 ) 371,073 (99,517 ) Effect of exchange rate changes on cash — — (4,713 ) — (4,713 ) Net decrease in cash and cash equivalents (20,364 ) — (18,975 ) — (39,339 ) Cash and cash equivalents—beginning of period 67,945 — 182,545 — 250,490 Cash and cash equivalents—end of period $ 47,581 $ — $ 163,570 $ — $ 211,151 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2018 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities - continuing operations $ 66,416 $ 11,374 $ 60,866 $ (66,740 ) $ 71,916 Cash provided by operating activities - discontinued operations (3,123 ) 13,399 23,944 (43 ) 34,177 Cash provided by operating activities 63,293 24,773 84,810 (66,783 ) 106,093 Investing Activities Capital expenditures (2,822 ) (2,320 ) (5,879 ) — (11,021 ) Proceeds from sale of property, plant and equipment — — 104 — 104 Intercompany investment (11,754 ) — — 11,754 — Rental asset buyout for Viking divestiture — — (27,718 ) — (27,718 ) Proceeds from sale of business, net of transaction costs 198 — 8,704 — 8,902 Cash paid for business acquisitions, net of cash acquired — (1,732 ) (21,486 ) — (23,218 ) Cash provided by (used in) investing activities - continuing operations (14,378 ) (4,052 ) (46,275 ) 11,754 (52,951 ) Cash provided by (used in) investing activities - discontinued operations — (2,664 ) (7,137 ) 1 (9,800 ) Cash used in investing activities (14,378 ) (6,716 ) (53,412 ) 11,755 (62,751 ) Financing Activities Principal repayments on term loan (30,000 ) — — — (30,000 ) Taxes paid related to the net share settlement of equity awards (1,284 ) — — — (1,284 ) Stock option exercises, related tax benefits and other 15,681 — — — 15,681 Cash dividends (2,390 ) — — — (2,390 ) Intercompany dividends paid — — (28,822 ) 28,822 — Intercompany loan activity 2,041 (18,057 ) 105,386 (89,370 ) — Intercompany capital contribution — — 100 (100 ) — Cash used in financing activities - continuing operations (15,952 ) (18,057 ) 76,664 (60,648 ) (17,993 ) Cash used in financing activities - discontinued operations — — (115,676 ) 115,676 — Cash used in financing activities (15,952 ) (18,057 ) (39,012 ) 55,028 (17,993 ) Effect of exchange rate changes on cash — — (4,430 ) — (4,430 ) Net decrease in cash and cash equivalents 32,963 — (12,044 ) — 20,919 Cash and cash equivalents—beginning of period 34,982 — 194,589 $ — 229,571 Cash and cash equivalents—end of period $ 67,945 $ — $ 182,545 $ — $ 250,490 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Year Ended August 31, 2017 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities - continuing operations $ 112,557 $ (93,067 ) $ (201,903 ) $ 230,505 $ 48,092 Cash provided by operating activities - discontinued operations (23,697 ) 14,820 42,748 6,536 40,407 Cash provided by operating activities 88,860 (78,247 ) (159,155 ) 237,041 88,499 Investing Activities Capital expenditures (2,697 ) (1,824 ) (12,717 ) — (17,238 ) Proceeds from sale of property, plant and equipment — — 448 — 448 Intercompany investment 2,882 78,154 (26,600 ) (54,436 ) — Cash provided by (used in) investing activities - continuing operations 185 76,330 (38,869 ) (54,436 ) (16,790 ) Cash provided by (used in) investing activities - discontinued operations — (3,436 ) (7,399 ) — (10,835 ) Cash used in investing activities 185 72,894 (46,268 ) (54,436 ) (27,625 ) Financing Activities Principal Repayments on term loan (18,750 ) — — — (18,750 ) Redemption of 5.625% senior notes (500 ) — — — (500 ) Taxes paid related to the net share settlement of equity awards (1,065 ) — — — (1,065 ) Stock option exercises, related tax benefits and other 8,265 — — — 8,265 Cash dividends (2,358 ) — — — (2,358 ) Intercompany dividends paid — — 231,688 (231,688 ) — Intercompany loan activity (47,780 ) — 47,780 — — Intercompany capital contribution — — (54,436 ) 54,436 — Cash used in financing activities - continuing operations (62,188 ) — 225,032 (177,252 ) (14,408 ) Cash used in financing activities - discontinued operations — 5,353 (742 ) (5,353 ) (742 ) Cash used in financing activities (62,188 ) 5,353 224,290 (182,605 ) (15,150 ) Effect of exchange rate changes on cash — — 4,243 — 4,243 Net decrease in cash and cash equivalents 26,857 — 23,110 — 49,967 Cash and cash equivalents—beginning of period 8,125 $ — 171,479 — 179,604 Cash and cash equivalents—end of period $ 34,982 $ — $ 194,589 $ — $ 229,571

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Aug. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data	Quarterly financial data for fiscal 2019 and fiscal 2018 is as follows: Year to date August 31, 2019 First Second Third Fourth Total Net sales $ 158,551 $ 159,788 $ 178,095 $ 158,324 $ 654,758 Gross profit 70,312 71,316 81,954 69,070 292,652 Net (loss) earnings from continuing operations (16,423 ) 765 26,858 (3,133 ) 8,067 Net (loss) earnings per share from continuing operations: Basic $ (0.27 ) $ 0.01 $ 0.44 $ (0.05 ) $ 0.13 Diluted $ (0.27 ) $ 0.01 $ 0.43 $ (0.05 ) $ 0.13 Year to date August 31, 2018 First Second Third Fourth Total Net sales $ 155,767 $ 148,601 $ 170,466 $ 166,469 $ 641,303 Gross profit 68,704 62,216 79,003 73,361 283,284 Net (loss) earnings from continuing operations (2,841 ) (21,568 ) 17,827 11,328 4,746 Net (loss) earnings per share from continuing operations : Basic $ (0.05 ) $ (0.36 ) $ 0.29 $ 0.19 $ 0.08 Diluted $ (0.05 ) $ (0.36 ) $ 0.29 $ 0.18 $ 0.08

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Nov. 30, 2019	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2016
Significant Accounting Policies [Line Items]
Portion of inventory determined using last-in, first-out ("LIFO") method		47.90%	40.70%
Inventory LIFO reserve		$ 10,300	$ 5,400
Depreciation Expense		11,300	11,100	$ 13,800
Accounts Receivable, allowance for doubtful accounts		5,100	5,000
Research and development costs		9,300	8,700	8,900
Foreign exchange transaction (gains)/losses		(200)	100	(3,600)
Interest Income, Other		700	1,200	1,200
AOCI - Foreign currency translation adjustments, net of tax		151,115	158,497
AOCI - Pension and other postretirement benefit plans, net of tax		20,557	15,748
Accumulated other comprehensive loss		$ (301,179)	(558,712)	(500,539)	$ (520,950)
Minimum | Buildings and improvements
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		10 years
Minimum | Machinery and equipment
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		2 years
Maximum | Buildings and improvements
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		40 years
Maximum | Machinery and equipment
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life		15 years
Accumulated Other Comprehensive Loss
Significant Accounting Policies [Line Items]
Accumulated other comprehensive loss		$ 171,672	$ 174,245	$ 227,261	$ 251,823
Subsequent Event [Member]
Significant Accounting Policies [Line Items]
Proceeds from Sales of Business, Affiliate and Productive Assets	$ 8,500

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Property, Plant and Equipment [Line Items]
Land Buildings And Improvements	$ 29,661	$ 30,296
Machinery and Equipment, Gross	140,083	131,716
Property, Plant and Equipment, Gross	169,744	162,012
Accumulated Depreciation, Property, Plant, and Equipment	(113,015)	(107,038)
Property, plant and equipment, net	$ 56,729	$ 54,974

Reconciliation of Changes in Ac

Reconciliation of Changes in Accrued Product Warranty (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning balance	$ 931	$ 1,353
Standard and Extended Product Warranty Accrual, Increase for Warranties Issued	1,326	962
Warranty payments and costs incurred	(1,077)	(1,388)
Standard and Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss)	(35)	4
Ending balance	$ 1,145	$ 931

Summary of Significant Accoun_5

Summary of Significant Accounting Policies New Accounting Pronouncements (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2018	Aug. 31, 2019	Sep. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		$ 75
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets			$ 100
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		200
Accounting Standards Update 2018-02 [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets		$ 3,500
Minimum | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 55,000
Maximum | Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 65,000

Revenue from Contracts with C_4

Revenue from Contracts with Customers Disaggregation of Revenue (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2019USD ($)
Disaggregation of Revenue [Line Items]
Revenues	$ 654,758
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	453,427
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 201,331

Revenue from Contracts with C_5

Revenue from Contracts with Customers Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 3,700
Accounts receivable, net	125,883	$ 123,261
Contract with Customer, Asset, Net	3,747	6,367
Contract with Customer, Liability	$ 3,707	$ 12,937

Restructuring Charges Restruc_2

Restructuring Charges Restructuring Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 4,156	$ 10,555	$ 3,234
Restructuring charges, including recorded in Cost of Product Sold		11,400
Restructuring costs recorded in cost of products sold		900
New Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,200
Previously Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0	10,555
Other Operating Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	900	1,900
Restructuring charges	2,600
Industrial Tools & Services [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	2,912	1,687	1,499
Restructuring charges	4,161	4,286
Restructuring reserve, cash payments	(2,954)	(3,375)
Restructuring reserve, settled without cash	54	(635)
Restructuring reserve, foreign currency translation Gain (Loss)	(36)	(88)
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	0	46	232
Restructuring charges	0	4,524
Restructuring reserve, cash payments	(46)	(2,483)
Restructuring reserve, settled without cash	0	(2,227)
Restructuring reserve, foreign currency translation Gain (Loss)	0	0
Total Operating Segments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring reserve	2,912	1,733	$ 1,731
Restructuring charges	4,161
Restructuring charges, including recorded in Cost of Product Sold		8,810
Restructuring reserve, cash payments	(3,000)	(5,858)
Restructuring reserve, settled without cash	54	(2,862)
Restructuring reserve, foreign currency translation Gain (Loss)	$ (36)	$ (88)

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Thousands	May 11, 2018USD ($)	Dec. 02, 2017USD ($)	Aug. 31, 2019USD ($)acquisition	Aug. 31, 2018USD ($)	Aug. 31, 2017USD ($)	Dec. 01, 2017USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired | acquisition			2
Cash paid for business acquisitions, net of cash acquired			$ 0	$ 23,218	$ 0
Recognition of Goodwill due to Business acquired				12,441
Net sales			654,758	641,303	$ 616,591
Mirage Machines [Member] [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition Agreement		Dec. 1, 2017
Cash paid for business acquisitions, net of cash acquired		$ 17,400
Recognition of Goodwill due to Business acquired		$ 10,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 4,100
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
Recognition of Goodwill due to Business acquired	2,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	2,100
FY18 Acquisitions (Mirage Machines and Equalizer) [Domain]
Business Acquisition [Line Items]
Acquisition Costs, Period Cost				1,100
Net sales			$ 14,100	$ 9,400
Customer Relationships | Mirage Machines [Member] [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						1,800
Customer Relationships | Equalizer [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	1,300
Trade Names | Mirage Machines [Member] [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 2,300
Trade Names | Equalizer [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 800

Divestiture Activities- Additio

Divestiture Activities- Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 19, 2018	Dec. 01, 2017	Aug. 31, 2019	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017	Jul. 09, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges				$ 6,200	$ (13,000)	$ 6,100	$ 23,500			$ 22,827	$ 2,987	$ 116,979
Goodwill, Impairment Charge										13,678
Rental asset buyout for Viking divestiture										0	(27,718)	0
Proceeds from sale of businesses, net of transaction costs										0	8,902	0
Divestiture Charges										10,500
Asset Impairment Charges												$ 116,979
Remaining EC&S Segment [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
SPA Agreed Cash Proceeds from Future Divestiture of Business													$ 214,500
Payments in quarterly installments													$ 3,000
Impairment & divestiture charges										264,500
Goodwill, Impairment Charge										210,000
Cumulative Effect of Foreign Currency Rate Change Since Acquisition										54,500
Precision-Hayes International [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges								$ 23,700		9,500
Goodwill, Impairment Charge								17,500
Impairment of Intangible Assets (Excluding Goodwill)								5,000
Disposal Date	Dec. 31, 2018
Proceeds from sale of businesses, net of transaction costs	$ 23,600
Asset Impairment Charges								$ 1,200
Cortland Fibron [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges										$ 1,700	46,300
Goodwill, Impairment Charge											10,500
Cumulative Effect of Foreign Currency Rate Change Since Acquisition											35,300
Disposal Date		Dec. 19, 2018
Proceeds from sale of businesses, net of transaction costs		$ 12,500
Divestiture Charges											500
Viking [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment & divestiture charges									$ 117,000		12,400
Cumulative Effect of Foreign Currency Rate Change Since Acquisition									69,000
Rental asset buyout for Viking divestiture									28,600
Disposal Date			Dec. 1, 2017
Proceeds from sale of businesses, net of transaction costs			$ 8,800
Business Exit Costs											3,000
Discrete Income Tax Expense											9,400
Impairment of Long-Lived Assets to be Disposed of									16,100
Impairment and other divestiture charges									$ 3,300
Disposal Group, Annual Revenue											$ 2,700

Divestitures Activities Sched_2

Divestitures Activities Schedule of Assets and Liabilities of Discontinued Operations (Details) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Schedule of Assets and Liabilities of Discontinued Operations [Line Items]
Assets from discontinued operations	$ 285,578	$ 568,933
Liabilities from discontinued operations	143,763	160,573
Discontinued Operations [Member]
Schedule of Assets and Liabilities of Discontinued Operations [Line Items]
Accounts Receivable, Net	52,802	67,412
Inventories, Net	76,825	86,933
Other Current Assets	8,058	13,467
Property, Plant and Equipment, Net	32,172	37,432
Goodwill	16,862	233,779
Other Intangible Assets, Net	93,314	120,344
Other Long-term Assets	5,545	9,566
Assets from discontinued operations	285,578	568,933
Trade Accounts Payable	43,628	65,169
Accrued Compensation and Benefits	12,101	19,930
Reserve for Cumulative Translation Adjustment	54,469	35,346
Other Current Liabilities	12,101	14,800
Deferred Income Taxes	20,029	24,145
Pension and Postretirement Benefit Liabilities	1,344	912
Other Long-term Liabilities	91	271
Liabilities from discontinued operations	$ 143,763	$ 160,573

Divestitures Activities Disco_2

Divestitures Activities Discontinued Operations - Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture Charges	$ 10,500
Income Tax Expense (Benefit)	10,657	$ 14,450	$ (22,614)
Net (Loss) Earnings from Discontinued Operations	(257,212)	(26,394)	29,062
Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenues	459,144	541,308	479,193
Cost of Goods and Services Sold	344,563	409,332	359,846
Gross Profit	114,581	131,976	119,347
Selling Administrative And Engineering Expenses	68,339	81,188	69,360
Amortization of Intangible Assets	5,666	11,285	11,377
Restructuring Charges	1,779	1,440	3,994
Impairment and other divestiture charges	286,175	70,071	0
Operating Income (Loss)	(247,378)	(32,008)	34,616
Financing Interest Expense	124	619	482
Other Nonoperating Income (Expense)	(1,922)	(759)	(1,064)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(249,424)	(31,868)	35,198
Income Tax Expense (Benefit)	7,788	(5,474)	6,136
Net (Loss) Earnings from Discontinued Operations	$ (257,212)	$ (26,394)	$ 29,062

Changes in Carrying Value of Go

Changes in Carrying Value of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Goodwill [Roll Forward]
Beginning Balance	$ 280,132	$ 272,419
Goodwill, Purchase Accounting Adjustments	253
Goodwill, Impairment Charge	(13,678)
Goodwill, Foreign Currency Translation Gain (Loss)	(6,292)	(4,728)
Recognition of Goodwill due to Business acquired		12,441
Ending Balance	260,415	280,132
Industrial Tools & Services [Member] [Domain]
Goodwill [Roll Forward]
Beginning Balance	248,705	238,707
Goodwill, Purchase Accounting Adjustments	253
Goodwill, Impairment Charge	0
Goodwill, Foreign Currency Translation Gain (Loss)	(6,085)	(2,443)
Recognition of Goodwill due to Business acquired		12,441
Ending Balance	242,873	248,705
Other Operating Segment [Member]
Goodwill [Roll Forward]
Beginning Balance	31,427	33,712
Goodwill, Purchase Accounting Adjustments	0
Goodwill, Impairment Charge	(13,678)
Goodwill, Foreign Currency Translation Gain (Loss)	(207)	(2,285)
Recognition of Goodwill due to Business acquired		0
Ending Balance	17,542	31,427
Remaining EC&S Segment [Domain]
Goodwill [Roll Forward]
Beginning Balance	233,780	257,662
Goodwill, Impairment Charge	(209,489)	(21,227)
Goodwill, Foreign Currency Translation Gain (Loss)	(7,429)	(2,655)
Ending Balance	$ 16,862	$ 233,780

Gross Carrying Value and Accumu

Gross Carrying Value and Accumulated Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Indefinite And Finite Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 169,224	$ 175,240
Finite-Lived Accumulated Amortization	116,849	103,583
Net Book Value	52,375	71,657
Trade Names
Indefinite And Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	20,420	24,138
Finite-Lived Accumulated Amortization	0	0
Net Book Value	20,420	24,138
Customer Relationships
Indefinite And Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	126,229	128,561
Finite-Lived Accumulated Amortization	96,817	84,029
Net Book Value	$ 29,412	44,532
Weighted Average Amortization Period	14 years
Patents
Indefinite And Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 13,227	13,324
Finite-Lived Accumulated Amortization	12,276	11,915
Net Book Value	$ 951	1,409
Weighted Average Amortization Period	12 years
Trademarks and Tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 4,513	4,275
Finite-Lived Accumulated Amortization	2,921	2,826
Net Book Value	$ 1,592	1,449
Weighted Average Amortization Period	16 years
Non-Compete Agreements and Other
Indefinite And Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 4,835	4,942
Finite-Lived Accumulated Amortization	4,835	4,813
Net Book Value	$ 0	$ 129
Weighted Average Amortization Period	3 years

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Additional Information (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2019USD ($)
Goodwill [Line Items]
Future amortization expense, 2020	$ 7,600
Future amortization expense, 2021	6,700
Future amortization expense, 2022	5,900
Future amortization expense, 2023	4,400
Future amortization expense, 2024	2,700
Future amortization expense, thereafter	4,700
Goodwill, Impairment Charge	13,678
Trade Names
Goodwill [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	2,600
Customer Relationships
Goodwill [Line Items]
Impairment of Intangible Assets, Finite-lived	6,200
Cortland U.S.
Goodwill [Line Items]
Goodwill, Impairment Charge	13,700
Remaining EC&S Segment [Domain]
Goodwill [Line Items]
Goodwill, Impairment Charge	$ 210,000

Long-Term Indebtedness (Detail)

Long-Term Indebtedness (Detail) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Debt Instrument [Line Items]
Total Senior Indebtedness	$ 462,559	$ 535,059
Less: current maturities of long-term debt	(7,500)	(30,000)
Debt Issuance Costs, Net	(2,114)	(2,364)
Long-term debt, net	452,945	502,695
Senior Credit Facility | Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Total Senior Indebtedness	0	0
Senior Credit Facility | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Total Senior Indebtedness	175,000	247,500
Line of Credit [Member]
Debt Instrument [Line Items]
Total Senior Indebtedness	175,000	247,500
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
5.625% Senior Notes Carrying Value	$ 287,559	$ 287,559

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Thousands	6 Months Ended	12 Months Ended
	Feb. 28, 2019USD ($)	Aug. 31, 2019USD ($)covenant	Aug. 31, 2018USD ($)	Aug. 31, 2017USD ($)	Apr. 16, 2012USD ($)
Debt Instrument [Line Items]
Long-term Debt		$ 462,559	$ 535,059
Long-term Debt, Current Maturities		(7,500)	(30,000)
Long-term debt, net		452,945	502,695
Maximum borrowing capacity		600,000
Senior credit facility expansion option, available		300,000
Repayments of Senior Debt		0	0	$ 500
Cash interest payments		26,300	28,800	$ 27,100
Senior Credit Facility - Revolver | Senior Credit Facility
Debt Instrument [Line Items]
Long-term Debt		0	0
Senior Credit Facility - Term Loan | Senior Credit Facility
Debt Instrument [Line Items]
Long-term Debt		175,000	247,500
5.625% Senior Notes | Senior Notes
Debt Instrument [Line Items]
5.625% Senior Notes Carrying Value		$ 287,559	$ 287,559
Face amount					$ 300,000
Debt instrument, interest rate		5.625%		5.625%	5.625%
Debt Instrument, Maturity Date		Jun. 15, 2022
Minimum | 5.625% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt Redemption Price As Percentage Of Principal					100.00%
Maximum | 5.625% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Debt Redemption Price As Percentage Of Principal					100.90%
Senior Credit Facility
Debt Instrument [Line Items]
Senior credit facility expansion option, available	$ 450,000
Number of financial covenants | covenant		2
Senior Credit Facility | Minimum
Debt Instrument [Line Items]
Fixed charge coverage ratio		3.5
New Fixed Charge Coverage Ratio		3
Senior Credit Facility | Maximum
Debt Instrument [Line Items]
Leverage ratio		3.75
New Leverage Ratio		4.25
Senior Credit Facility | LIBOR
Debt Instrument [Line Items]
Debt instrument actual interest rate		3.50%
Senior Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate over variable rate	1.00%	1.125%
Senior Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate over variable rate	2.25%	2.00%
Senior Credit Facility | Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument interest rate over variable rate	0.00%	1.00%
Senior Credit Facility | Base Rate | Maximum
Debt Instrument [Line Items]
Debt instrument interest rate over variable rate	1.25%	1.25%
Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000	$ 200,000
Debit Instrument, Prepayment, Principal		23,800
Senior Credit Facility - Term Loan | Starting on August 30, 2019
Debt Instrument [Line Items]
Quarterly installments, payable on term loan		1,250
Senior Credit Facility - Term Loan | Starting on May 31, 2022
Debt Instrument [Line Items]
Quarterly installments, payable on term loan		5,000
Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000	400,000
Unused credit line		398,800
Unused Borrowing Capacity Available for Borrowing		$ 287,600
Senior Credit Facility - Revolver | Minimum
Debt Instrument [Line Items]
Percentage of non-use fee, annually	0.15%	0.15%
Senior Credit Facility - Revolver | Maximum
Debt Instrument [Line Items]
Percentage of non-use fee, annually	0.35%	0.30%

Debt Schedule of Future Debt Ma

Debt Schedule of Future Debt Maturities (Details) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Schedule of Future Debt Repayments [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2020	$ 7,500
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2021	12,500
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2022	305,059
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2023	20,000
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2024	117,500
Long-term Debt	462,559	$ 535,059
Senior Credit Facility | Senior Credit Facility - Term Loan
Schedule of Future Debt Repayments [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2020	7,500
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2021	12,500
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2022	17,500
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2023	20,000
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2024	117,500
Long-term Debt	175,000	247,500
Senior Notes | 5.625% Senior Notes
Schedule of Future Debt Repayments [Line Items]
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2020	0
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2021	0
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2022	287,559
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2023	0
Long-term Debt, Maturities, Repayments of Principal in Fiscal 2024	0
5.625% Senior Notes Carrying Value	$ 287,559	$ 287,559

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Aug. 31, 2019	Aug. 31, 2018
5.625% Senior Notes | Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 291.5	$ 293.5
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts Net Assets (Liabilities) Fair Value Disclosure	$ 0.1	$ 0.4

Derivatives - Additional Inform

Derivatives - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Derivative [Line Items]
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives	$ (292)	$ 249	$ (3,113)
Fair Value, Inputs, Level 2
Derivative [Line Items]
Foreign Currency Contracts Net Assets (Liabilities) Fair Value Disclosure	100	400
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 13,300	$ 11,900

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Leases Disclosure [Line Items]
Due in 2020	$ 15.8
Due in 2021	12.3
Due in 2022	10.1
Due in 2023	6.9
Due in 2024	5.2
Due thereafter	21.6
Operating lease, rental expense	$ 26.5	$ 24.3	$ 27.6
Minimum
Leases Disclosure [Line Items]
Lease agreements period	1 year
Maximum
Leases Disclosure [Line Items]
Lease agreements period	20 years

Changes in Projected Benefit Ob

Changes in Projected Benefit Obligations, Fair Value of Plan Assets and Funded Status of Defined Benefit Pension Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Reconciliation of plan assets:
Fair value of plan assets at beginning of year	$ 40,244
Fair value of plan assets at end of year	40,412	$ 40,244
Pension Plans, Defined Benefit | UNITED STATES
Reconciliation of benefit obligations:
Benefit obligation at beginning of year	43,280	46,806
Interest cost	1,694	1,633	$ 1,690
Actuarial (Loss) Gain	5,339	(2,330)
Benefits Paid	(2,913)	(2,829)
Benefit obligation at end of year	47,400	43,280	46,806
Reconciliation of plan assets:
Fair value of plan assets at beginning of year	40,244	40,027
Actual Return (Loss) on Plan Assets	2,972	2,938
Company Contributions	108	108
Benefits Paid	(2,912)	(2,829)
Fair value of plan assets at end of year	40,412	40,244	40,027
Funded status of the plans (underfunded)	(6,988)	(3,036)
Pension Plans, Defined Benefit | Foreign Plan [Member]
Reconciliation of benefit obligations:
Benefit obligation at beginning of year	13,056	13,423
Employer Service Costs	450	440	413
Interest cost	257	278	239
Actuarial (Loss) Gain	2,594	(337)
Benefits Paid	(421)	(555)
Plan Amendments	89	0
Curtailments	(107)	0
Currency Impact	(815)	(193)
Benefit obligation at end of year	15,103	13,056	13,423
Reconciliation of plan assets:
Fair value of plan assets at beginning of year	7,902	7,904
Actual Return (Loss) on Plan Assets	752	32
Company Contributions	374	588
Benefits Paid	(421)	(555)
Currency Impact	(489)	(67)
Fair value of plan assets at end of year	8,118	7,902	$ 7,904
Funded status of the plans (underfunded)	$ (6,985)	$ (5,154)

Net Periodic Benefit Costs (Det

Net Periodic Benefit Costs (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	$ 3,100	$ 2,900
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	100	(100)	$ (200)
UNITED STATES | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	47,400	43,280	46,806
Interest cost	1,694	1,633	1,690
Expected return on assets	(2,208)	(2,668)	(2,867)
Amortization of actuarial loss	990	1,127	1,141
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	476	92	(36)
Foreign Plan [Member] | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	15,103	13,056	13,423
Employer Service Costs	450	440	413
Interest cost	257	278	239
Expected return on assets	(345)	(366)	(379)
Amortization of Prior Service Credit	(65)	(69)	(61)
Amortization of actuarial loss	263	306	438
Cost of Special Events	(56)	18	268
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	$ 504	$ 607	$ 918

Weighted Average Assumptions Us

Weighted Average Assumptions Used to Determine Benefit Obligations and Net Periodic Benefit Cost (Detail)	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		2.00%
Pension Plans, Defined Benefit | UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	2.90%	4.05%	3.60%
Assumptions for net periodic benefit cost:
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	4.05%	3.60%	3.45%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	5.75%	7.00%	7.15%
Pension Plans, Defined Benefit | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	1.10%

Employee Benefit Plans Employee

Employee Benefit Plans Employee Benefit Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 1,400,000	$ 1,500,000	$ 1,600,000
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage	70.00%
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Investment within Plan Asset Category, Percentage	30.00%
Other Postretirement Benefit Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 200,000
Defined Benefit Plan, Benefit Obligation	$ 3,100,000	2,900,000
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	6.80%
Defined Benefit Plan Health Care Cost Trend Rate In Future Period	5.00%
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	$ 100,000	(100,000)	(200,000)
Other Current Liabilities and Other Long-term Liabilities [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred Compensation Liability, Current and Noncurrent	$ 18,400,000	20,100,000
401(k) [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50.00%
Maximum Percentage Of Core Contributions Made By Employer	3.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	25.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Company Contributions	$ 0.50
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 1
Defined Contribution Plan, Employer Discretionary Contribution Amount	3.00%
Defined Contribution Plan, Cost	$ 2,700,000	3,100,000	3,200,000
Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Benefit Obligation	1,600,000	1,700,000
Defined Contribution Plan, Cost	$ 400,000	300,000	$ 300,000
Minimum | Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Employer Contribution Percentage	3.00%
Maximum | Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Employer Contribution Percentage	6.00%
UNITED STATES | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Accumulated Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Tax	$ (16,100,000)	$ (13,200,000)
Defined Benefit Plan, Expected Amortization, Next Fiscal Year	$ 1,200,000
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	2.90%	4.05%	3.60%
Defined Benefit Plan, Expected Long Term Rate Of Returns On Assets Assumption	4.60%
Amount of benefits expected to be paid in fiscal 2020	$ 3,000,000
Amount of benefits expected to be paid in fiscal 2021	3,000,000
Amount of benefits expected to be paid in fiscal 2022	3,000,000
Amount of benefits expected to be paid in, fiscal 2023	3,000,000
Amount of benefits expected to be paid in, fiscal 2024	3,000,000
Amount of benefits expected to be paid fiscal 2025 through fiscal 2027	14,500,000
Defined Benefit Plan, Benefit Obligation	47,400,000	$ 43,280,000	$ 46,806,000
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	476,000	92,000	(36,000)
Company Contributions	$ 108,000	$ 108,000
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate		2.00%
Foreign Plan [Member] | Pension Plans, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	1.10%
Defined Benefit Plan, Expected Long Term Rate Of Returns On Assets Assumption	4.20%
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 300,000
Amount of benefits expected to be paid in fiscal 2020	200,000
Amount of benefits expected to be paid in fiscal 2021	300,000
Amount of benefits expected to be paid in fiscal 2022	400,000
Amount of benefits expected to be paid in, fiscal 2023	300,000
Amount of benefits expected to be paid fiscal 2025 through fiscal 2027	1,900,000
Defined Benefit Plan, Benefit Obligation	15,103,000	$ 13,056,000	13,423,000
Foreign Defined Benefit Plan, Net Periodic Benefit Cost	504,000	607,000	$ 918,000
Company Contributions	$ 374,000	$ 588,000

U.S. Pension Plan Investment Al

U.S. Pension Plan Investment Allocations by Asset Category (Detail) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 40,412	$ 40,244
Percentage of fair value of pension plan assets	100.00%	100.00%
Cash and cash equivalents | Fair Value, Inputs, Level 1
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 304	$ 559
Percentage of fair value of pension plan assets	0.80%	1.40%
Fixed Income Securities | Fair Value, Inputs, Level 2
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 28,333	$ 19,921
Percentage of fair value of pension plan assets	70.10%	49.50%
Fixed Income Securities | Corporate Bond Securities | Fair Value, Inputs, Level 2
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 5,127	$ 19,107
Percentage of fair value of pension plan assets	12.70%	47.50%
Fixed Income Securities | Mutual Funds | Fair Value, Inputs, Level 2
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 23,206	$ 814
Percentage of fair value of pension plan assets	57.40%	2.00%
Equity Securities | Mutual Funds | Fair Value, Inputs, Level 1
Schedule of Pension Plan Assets by Fair Value [Line Items]
Defined Benefit Plan, Plan Assets, Amount	$ 11,775	$ 19,764
Percentage of fair value of pension plan assets	29.10%	49.10%

Funded Status of Defined Benefi

Funded Status of Defined Benefit Pension Plans (Detail) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 40,412	$ 40,244
Pension Plans, Defined Benefit | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Amount of benefits expected to be paid in fiscal 2020	200
Amount of benefits expected to be paid in fiscal 2021	300
Amount of benefits expected to be paid in fiscal 2022	400
Amount of benefits expected to be paid in, fiscal 2023	300
Amount of benefits expected to be paid fiscal 2025 through fiscal 2027	1,900
Defined Benefit Plan, Benefit Obligation	15,103	13,056	$ 13,423
Fair value of plan assets	8,118	7,902	$ 7,904
Funded status of the plans (underfunded)	$ (6,985)	$ (5,154)

Income Tax Expense from Continu

Income Tax Expense from Continuing Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Currently payable:
Currently payable, Federal	$ (2,040)	$ 291	$ (22,002)
Currently payable, Foreign	9,370	9,223	11,239
Currently payable, State	1,347	358	(675)
Currently payable	8,677	9,872	(11,438)
Deferred:
Deferred, Federal	(400)	(1,143)	3,278
Deferred, Foreign	2,172	5,807	(14,406)
Deferred, State	208	(86)	(48)
Benefit for deferred income taxes	1,980	4,578	(11,176)
Income tax expense (benefit)	$ 10,657	$ 14,450	$ (22,614)

Reconciliation of Income Taxes

Reconciliation of Income Taxes at Federal Statutory Rate to Effective Tax Rate (Detail) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Aug. 31, 2019	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Income Tax Disclosure [Abstract]
Federal statutory rate					21.00%	25.70%	35.00%
State income taxes, net of federal effect					(4.00%)	(0.50%)	0.60%
Net effects of foreign tax rate differential and credits					11.30%	(12.20%)	(5.40%)
Domestic Manufacturing Deduction					0.00%	(1.30%)	0.20%
Foreign Branch Currency Losses					0.00%	(2.10%)	(0.20%)
Compensation Adjustment					4.40%	7.00%	0.00%
Impairment and divestiture charges					19.30%	39.10%	(7.90%)
Valuation allowance additions and releases					3.90%	20.30%	(12.30%)
Changes in liability for unrecognized tax benefits					4.10%	(34.10%)	(2.60%)
U.S. Tax Reform, Net Impact					(31.10%)	2.40%	0.00%
Net Benefit, Taxable Liquidations of Foreign Subsidiaries, Percent					0.00%	7.70%	15.50%
Foreign Nondeductible Expense					16.20%	12.00%	(2.10%)
Change in Enacted Tax Rate					1.70%	(1.40%)	(1.50%)
U.S. credits, audits and adjustments					4.80%	15.30%	1.00%
Other items					5.30%	(2.60%)	(1.10%)
Effective income tax rate					56.90%	75.30%	19.20%
Tax Credit, Foreign, Amount					$ 700	$ 10,200	$ 4,200
Impairment & divestiture charges	$ 6,200	$ (13,000)	$ 6,100	$ 23,500	22,827	2,987	116,979
Non-cash impairment charge - foreign earnings					13,800		117,000
Impairment, Non-Deductible for Income Tax Purposes					14,000	700	69,000
Valuation Allowances and Reserves, Additions, Charge to Cost and Expense					1,700	20,400
Valuation Allowances and Reserves, Deduction					2,900	11,800
Tax benefit Related to the Tax Cuts and Jobs Act					$ 5,800
Taxable Liquidations of Foreign Subsidiaries						$ 1,500	$ 14,900

Temporary Differences and Carry

Temporary Differences and Carryforwards of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018
Deferred income tax assets:
Deferred Tax Assets Operating Loss And Tax Credit Carryforwards	$ 88,198	$ 38,414
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits	7,752	8,821
Deferred Tax Assets, Tax Deferred Expense, Postretirement Benefits	9,289	8,659
Deferred Tax Assets, Inventory	629	520
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other	11,465	17,499
Total deferred income tax assets	117,333	73,913
Valuation allowance	(73,255)	(32,426)
Net deferred income tax assets	44,078	41,487
Deferred income tax liabilities:
Depreciation and amortization	(26,248)	(23,517)
Other items	(862)	(611)
Deferred income tax liabilities	(27,110)	(24,128)
Net deferred income tax liability	(16,968)	(17,359)
Deferred Income Tax Assets, Net	18,400	21,300
Deferred Income Tax Liabilities, Net	$ 1,600	$ 3,900

Changes in Gross Liability for

Changes in Gross Liability for Unrecognized Tax Benefits, Excluding Interest and Penalties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 24,359	$ 31,446	$ 29,174
Increase Resulting from Current Period Tax Positions	2,169	2,599	6,057
Increase Resulting from Prior Period Tax Positions	1,422	359	297
Decrease for tax positions taken in a prior period	0	(349)	(627)
Decrease due to lapse of statute of limitations	(3,212)	(9,163)	(4,008)
Decrease due to settlements	(324)	0	0
Changes Resulting from Foreign Currency Translation	(247)	(533)	553
Ending balance	$ 24,167	$ 24,359	$ 31,446

Earnings before Income Taxes, I

Earnings before Income Taxes, Including both Continuing and Discontinued Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Income Tax Disclosure [Abstract]
(Loss) Earnings from Continuing Operations before Income Taxes, Domestic	$ (715)	$ 5,337	$ (10,023)
Earnings (Loss) from Continuing Operations before Income Taxes, Foreign	19,439	13,859	(107,866)
Earnings (loss) before income tax expense (benefit)	$ 18,724	$ 19,196	$ (117,889)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Aug. 31, 2019	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Income Tax Disclosure Additional Details [Table] [Line Items]
Impairment & divestiture charges	$ 6,200	$ (13,000)	$ 6,100	$ 23,500	$ 22,827	$ 2,987	$ 116,979
Non-cash impairment charge - domestic earnings					9,000
Non-cash impairment charge - foreign earnings					13,800		117,000
Deferred Tax Assets, Operating Loss Carryforward, State	68,800				68,800
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	$ 85,300				85,300
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense					3,700	3,000	2,900
Unrecognized Tax Benefits, Period Increase (Decrease), Reasonably Possible in Future Period					2,400
Additional Income Tax Provision					5,400
Director & officer transition charges					$ 0	$ 0	7,784
Percent of Revenue (excluding impairment charge) from foreign jurisdictions					70.00%	80.00%
Income taxes, net of refunds					$ 15,400	$ (1,500)	$ 11,800

Capital Stock Share Repurchases

Capital Stock Share Repurchases - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Mar. 16, 2015	Oct. 01, 2014	Mar. 29, 2014	Sep. 28, 2011
Capital Unit [Line Items]
Common stock, shares authorized	168,000,000	168,000,000
Common stock, par value	$ 0.20	$ 0.20
Common stock, shares issued	81,920,679	81,423,584
Cumulative Preferred Stock, shares authorized share	160,000
Cumulative Preferred Stock, par value	$ 1
Cumulative Preferred Stock, issued	0
Shares authorized in buyback program			7,000,000	7,000,000	7,000,000	7,000,000
Stock Repurchased During Period, Shares	1,016,134
Stock Repurchased During Period, Value	$ 22.5
Treasury stock, shares	21,455,568	20,439,434
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	6,544,432
Common Class A
Capital Unit [Line Items]
Common stock, shares authorized	168,000,000
Common stock, par value	$ 0.20
Common stock, shares issued	81,920,679
Common stock, shares outstanding	60,465,111
Common Class B
Capital Unit [Line Items]
Common stock, shares authorized	1,500,000
Common stock, par value	$ 0.20
Common stock, shares issued	0
Common stock, shares outstanding		0

Capital Stock (Details)

Capital Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Earnings Per Share [Abstract]
Net Earnings (Loss) from Continuing Operations	$ 8,067	$ 4,746	$ (95,275)
Net (Loss) Earnings from Discontinued Operations	(257,212)	(26,394)	29,062
Net loss	$ (249,145)	$ (21,648)	$ (66,213)
Weighted average common shares outstanding for basic earnings per share	61,151	60,441	59,436
Net effect of dilutive securities-employee stock compensation plans	456	587	0
Weighted average common and equivalent shares outstanding for diluted earnings per share	61,607	61,028	59,436
Earnings (loss) per basic share from continuing operations	$ 0.13	$ 0.08	$ (1.60)
Earnings (loss) per diluted share from continuing operations	0.13	0.08	(1.60)
(Loss) earnings per basic share from Discontinued Operations	(4.21)	(0.44)	0.49
(Loss) earnings per diluted share from Discontinued Operations	(4.18)	(0.43)	0.49
Loss per share - Basic (in dollars per share)	(4.07)	(0.36)	(1.11)
Loss per share - Diluted (in dollars per share)	$ (4.04)	$ (0.35)	$ (1.11)
Anti-dilutive securities-equity based compensation plans (excluded from earnings per share calculation)	1,239	1,477	4,482

Stocks Plans - Additional Infor

Stocks Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class A Common Stock were authorized for issuance	4,325,000
Common Stock Registered to Cover Shares that Become Issuable	1,800,000
Shares available for future grants	3,212,656
Exercise price as percentage of fair market value at grant date	100.00%
Unrecognized compensation cost related to share-based compensation for stock options and restricted stock outstanding	$ 18.9
Unrecognized compensation cost related to share-based compensation for stock options and restricted stock outstanding, recognition period	1 year 11 months
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Performance Shares | Free Cash Flow Conversion Target
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Performance Shares | Total Shareholders Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	$ 11.9	$ 14.3
After Three Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
After Five Years
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	100.00%
Maximum | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options term	10 years

Summary Of Restricted Stock Act

Summary Of Restricted Stock Activity (Detail)	12 Months Ended
	Aug. 31, 2019$ / sharesshares
Aggregate Number of Restricted Shares
Beginning Balance | shares	1,153,737
Granted | shares	705,602
Forfeited | shares	(117,899)
Vested | shares	(460,614)
Ending Balance | shares	1,280,826
Weighted Average Fair Value at Grant Date
Beginning Balance | $ / shares	$ 25.25
Granted | $ / shares	22.75
Forfeited | $ / shares	24.24
Vested | $ / shares	25.49
Ending Balance | $ / shares	$ 23.87

Summary of Stock Option Activit

Summary of Stock Option Activity (Detail) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 31, 2019USD ($)$ / sharesshares
Number of Stock Option Outstanding
Beginning Balance | shares	1,769,076
Granted | shares	0
Exercised | shares	(84,277)
Forfeited | shares	(19,566)
Expired | shares	(58,690)
Ending Balance | shares	1,606,543
Options exercisable at end of Period | shares	1,298,308
Weighted Average Exercise Price
Beginning Balance | $ / shares	$ 25.40
Granted | $ / shares	0
Exercised | $ / shares	19.72
Forfeited | $ / shares	24.44
Expired | $ / shares	20.77
Ending Balance | $ / shares	25.88
Options exercisable at end of Period | $ / shares	$ 26.01
Option Outstanding weighted average remaining term	4 years 1 month
Option exercisable weighted average remaining term	3 years 6 months
Stock option outstanding, aggregate intrinsic value | $	$ 0.5
Stock option exercisable, aggregate intrinsic Value | $	$ 0.5

Summary of Weighted-Average Gra

Summary of Weighted-Average Grant-Date Fair Value of Options, Total Intrinsic Value of Options Exercised, and Cash Receipts from Options Exercised (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted-average fair value of options granted (per share)			$ 11.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 429	$ 5,284	$ 2,208
Proceeds from Stock Options Exercised	$ 1,404	$ 15,140	$ 7,762
Expected forfeiture rate	10.00%	10.00%	11.00%

Weighted-Average Assumptions (D

Weighted-Average Assumptions (Detail)	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend yield			0.15%
Expected volatility			38.12%
Risk-free rate of return			2.42%
Expected forfeiture rate	10.00%	10.00%	11.00%
Expected life			7 years 5 months

Summary of Financial Informatio

Summary of Financial Information by Reportable Segment and Product Line (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Segment Reporting Information [Line Items]
Net sales	$ 654,758	$ 641,303	$ 616,591
Operating profit (loss)	47,516	50,206	(84,852)
Depreciation and amortization	20,217	20,405	22,925
Capital Expenditure	14,923	11,021	17,238
Assets	1,124,274	1,485,217
Assets of Continuing Operations	838,696	916,284
Property, plant and equipment, net	56,729	54,974
Products [Member]
Segment Reporting Information [Line Items]
Net sales	433,703	439,405	396,381
Service & Rental [Member]
Segment Reporting Information [Line Items]
Net sales	175,812	151,680	156,201
Industrial Tools & Services [Member] [Domain]
Segment Reporting Information [Line Items]
Net sales	609,515	591,085	552,582
Operating profit (loss)	101,411	99,432	95,825
Depreciation and amortization	14,762	15,301	15,025
Capital Expenditure	9,945	7,799	8,614
Assets	553,615	589,926
Other Operating Segment [Member]
Segment Reporting Information [Line Items]
Net sales	45,243	50,218	64,009
Operating profit (loss)	(11,821)	(5,690)	(130,396)
Depreciation and amortization	3,408	3,122	5,886
Capital Expenditure	3,917	1,295	5,411
Assets	54,484	76,506
General Corporate
Segment Reporting Information [Line Items]
Operating profit (loss)	(42,076)	(43,536)	(50,281)
Depreciation and amortization	2,047	1,982	2,014
Capital Expenditure	1,061	1,927	$ 3,213
Assets	$ 230,597	$ 249,852

Financial Information from Cont

Financial Information from Continuing Operations By Geographic Region (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Geographic Reporting Disclosure [Line Items]
Net sales	$ 654,758	$ 641,303	$ 616,591
Assets	1,124,274	1,485,217
Property, plant and equipment, net	56,729	54,974
UNITED STATES
Geographic Reporting Disclosure [Line Items]
Net sales	249,644	236,036	230,513
Property, plant and equipment, net	21,047	17,040
UNITED KINGDOM
Geographic Reporting Disclosure [Line Items]
Net sales	30,127	35,388	42,875
Property, plant and equipment, net	2,983	3,663
KAZAKHSTAN
Geographic Reporting Disclosure [Line Items]
Net sales	30,081	19,814	22,989
Property, plant and equipment, net	2,635	3,056
GERMANY
Geographic Reporting Disclosure [Line Items]
Net sales	26,445	30,643	27,611
AUSTRALIA
Geographic Reporting Disclosure [Line Items]
Net sales	25,749	30,796	36,076
SAUDI ARABIA
Geographic Reporting Disclosure [Line Items]
Net sales	21,625	20,749	22,089
BRAZIL
Geographic Reporting Disclosure [Line Items]
Net sales	18,779	17,900	15,456
Property, plant and equipment, net	2,851	2,923
CANADA
Geographic Reporting Disclosure [Line Items]
Net sales	18,686	20,172	17,458
CHINA
Geographic Reporting Disclosure [Line Items]
Net sales	18,548	19,239	18,323
Property, plant and equipment, net	12,179	13,442
UNITED ARAB EMIRATES
Geographic Reporting Disclosure [Line Items]
Property, plant and equipment, net	8,734	7,876
NETHERLANDS
Geographic Reporting Disclosure [Line Items]
Property, plant and equipment, net	2,720	3,530
All other
Geographic Reporting Disclosure [Line Items]
Net sales	215,074	210,566	$ 183,201
Property, plant and equipment, net	$ 3,580	$ 3,444

Business Segment, Geographic _3

Business Segment, Geographic and Customer Information - Additional Information (Detail)	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Segment Reporting Information [Line Items]
Sales Percentage Represented By Major Customers	3.00%
Percentage Of Export Sales From Domestic To Total Net Sales	7.40%	7.90%	6.00%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2018	Aug. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Outstanding letters of credit	$ 23.6	$ 18.2
Discounted present value of future minimum lease payments		$ 9.1
Weighted Average Discount Rate on Future Minimum Lease Payments		1.90%
Sales to Iranian Distributors	$ 0.5

Condensed Consolidating Stateme

Condensed Consolidating Statements of Earnings (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 654,758	$ 641,303	$ 616,591
Cost of products sold	362,106	358,019	356,221
Gross profit	292,652	283,284	260,370
Selling, administrative and engineering expenses	209,231	210,256	208,128
Amortization of intangible assets	8,922	9,280	9,097
Director & officer transition charges	0	0	7,784
Restructuring charges	4,156	10,555	3,234
Impairment and divestiture charges	22,827	2,987
Asset Impairment Charges			116,979
Operating profit (loss)	47,516	50,206	(84,852)
Financing costs, net	28,163	30,872	29,221
Intercompany expense (income), net	0	0	0
Intercompany Dividends	0	0	0
Other expense (income), net	629	138	3,816
Earnings (loss) before income tax expense (benefit)	18,724	19,196	(117,889)
Income Tax Expense (Benefit)	10,657	14,450	(22,614)
Net Earnings (Loss) from Continuing Operations	8,067	4,746	(95,275)
Net (Loss) Earnings from Discontinued Operations	(257,212)	(26,394)	29,062
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries	(249,145)	(21,648)	(66,213)
Equity in earnings (loss) of subsidiaries	0	0	0
Net (loss) earnings	(249,145)	(21,648)	(66,213)
Comprehensive income (loss)	(246,572)	31,368	(41,651)
Parent
Condensed Financial Statements, Captions [Line Items]
Net sales	167,009	159,411	145,222
Cost of products sold	46,220	29,811	35,244
Gross profit	120,789	129,600	109,978
Selling, administrative and engineering expenses	85,399	81,028	76,816
Amortization of intangible assets	1,272	1,272	1,272
Director & officer transition charges			7,784
Restructuring charges	562	6,109	634
Impairment and divestiture charges	0	4,217
Asset Impairment Charges			0
Operating profit (loss)	33,556	36,974	23,472
Financing costs, net	28,716	31,752	30,005
Intercompany expense (income), net	(15,020)	(17,087)	(23,302)
Intercompany Dividends	(447,637)	0	0
Other expense (income), net	(435)	(826)	3,303
Earnings (loss) before income tax expense (benefit)	467,932	23,135	13,466
Income Tax Expense (Benefit)	(5,113)	(35,134)	(4,623)
Net Earnings (Loss) from Continuing Operations	473,045	58,269	18,089
Net (Loss) Earnings from Discontinued Operations	(3,148)	(5,951)	(6,362)
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries	469,897	52,318	11,727
Equity in earnings (loss) of subsidiaries	(719,042)	(73,966)	(77,940)
Net (loss) earnings	(249,145)	(21,648)	(66,213)
Comprehensive income (loss)	(246,572)	31,368	(41,651)
Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	70,621	65,128	74,008
Cost of products sold	44,007	41,674	45,994
Gross profit	26,614	23,454	28,014
Selling, administrative and engineering expenses	20,095	22,540	24,958
Amortization of intangible assets	2,600	2,892	2,892
Director & officer transition charges			0
Restructuring charges	1,402	661	19
Impairment and divestiture charges	6,243	0
Asset Impairment Charges			0
Operating profit (loss)	(3,726)	(2,639)	145
Financing costs, net	0	0	0
Intercompany expense (income), net	21,573	16,276	84,562
Intercompany Dividends	(39,208)	(28,822)	(231,689)
Other expense (income), net	1	18	(26)
Earnings (loss) before income tax expense (benefit)	13,908	9,889	147,298
Income Tax Expense (Benefit)	(2,395)	21,689	(18,477)
Net Earnings (Loss) from Continuing Operations	16,303	(11,800)	165,775
Net (Loss) Earnings from Discontinued Operations	(93,730)	9,342	9,791
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries	(77,427)	(2,458)	175,566
Equity in earnings (loss) of subsidiaries	(28,354)	(54,385)	(67,668)
Net (loss) earnings	(105,781)	(56,843)	107,898
Comprehensive income (loss)	(105,781)	(56,843)	90,011
Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	417,128	416,764	397,361
Cost of products sold	271,879	286,534	274,983
Gross profit	145,249	130,230	122,378
Selling, administrative and engineering expenses	103,737	106,688	106,354
Amortization of intangible assets	5,050	5,116	4,933
Director & officer transition charges			0
Restructuring charges	2,192	3,785	2,581
Impairment and divestiture charges	16,584	(1,230)
Asset Impairment Charges			116,979
Operating profit (loss)	17,686	15,871	(108,469)
Financing costs, net	(553)	(880)	(784)
Intercompany expense (income), net	70,086	(46,961)	(67,796)
Intercompany Dividends	0	0	(5,623)
Other expense (income), net	1,063	946	539
Earnings (loss) before income tax expense (benefit)	(52,910)	62,766	(34,805)
Income Tax Expense (Benefit)	18,165	27,895	486
Net Earnings (Loss) from Continuing Operations	(71,075)	34,871	(35,291)
Net (Loss) Earnings from Discontinued Operations	(83,695)	(77,557)	19,097
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries	(154,770)	(42,686)	(16,194)
Equity in earnings (loss) of subsidiaries	11,064	613	316
Net (loss) earnings	(143,706)	(42,073)	(15,878)
Comprehensive income (loss)	(137,292)	9,555	43,818
Consolidation, Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0	0
Cost of products sold	0	0	0
Gross profit	0	0	0
Selling, administrative and engineering expenses	0	0	0
Amortization of intangible assets	0	0	0
Director & officer transition charges			0
Restructuring charges	0		0
Impairment and divestiture charges	0	0
Asset Impairment Charges			0
Operating profit (loss)	0	0	0
Financing costs, net	0	0	0
Intercompany expense (income), net	(76,639)	47,772	6,536
Intercompany Dividends	486,845	28,822	237,312
Other expense (income), net	0	0	0
Earnings (loss) before income tax expense (benefit)	(410,206)	(76,594)	(243,848)
Income Tax Expense (Benefit)	0	0	0
Net Earnings (Loss) from Continuing Operations	(410,206)	(76,594)	(243,848)
Net (Loss) Earnings from Discontinued Operations	(76,639)	47,772	6,536
Earnings (loss) Before Equity In (Loss) Earnings Of Subsidiaries	(486,845)	(28,822)	(237,312)
Equity in earnings (loss) of subsidiaries	736,332	127,738	145,292
Net (loss) earnings	249,487	98,916	(92,020)
Comprehensive income (loss)	$ 243,073	$ 47,288	$ (133,829)

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017	Aug. 31, 2016
ASSETS
Cash and cash equivalents	$ 211,151	$ 250,490	$ 229,571	$ 179,604
Accounts receivable, net	125,883	123,261
Inventories, net	77,187	72,020
Assets from discontinued operations	285,578	568,933
Other current assets	30,526	32,529
Total current assets	730,325	1,047,233
Property, plant and equipment, net	56,729	54,974
Goodwill	260,415	280,132	272,419
Other intangible assets, net	52,375	71,657
Investment in subsidiaries	0	0
Intercompany receivable	0	0
Other long-term assets	24,430	31,221
Total assets	1,124,274	1,485,217
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	76,914	69,584
Accrued Compensation and benefits	26,421	35,992
Long-term Debt, Current Maturities	7,500	30,000
Income Taxes Payable	4,838	4,091
Liabilities from discontinued operations	143,763	160,573
Other current liabilities	40,965	53,768
Total current liabilities	300,401	354,008
Long-term debt, net	452,945	502,695
Deferred income taxes	1,564	3,947
Pension and postretirement benefit liabilities	20,213	13,957
Other long-term liabilities	47,972	51,898
Intercompany payable	0	0
Total shareholders’ equity	301,179	558,712	500,539	520,950
Total liabilities and shareholders’ equity	1,124,274	1,485,217
Parent
ASSETS
Cash and cash equivalents	47,581	67,945	34,982	8,125
Accounts receivable, net	20,322	19,969
Inventories, net	26,737	22,646
Assets from discontinued operations	295	(1,144)
Other current assets	12,116	6,953
Total current assets	107,051	116,369
Property, plant and equipment, net	8,515	7,634
Goodwill	38,847	38,847
Other intangible assets, net	5,611	6,884
Investment in subsidiaries	1,323,587	1,836,879
Intercompany receivable	0	0
Other long-term assets	27,510	14,972
Total assets	1,511,121	2,021,585
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	23,678	16,091
Accrued Compensation and benefits	11,495	19,643
Long-term Debt, Current Maturities	7,500	30,000
Income Taxes Payable	0	0
Liabilities from discontinued operations	1,217	17,839
Other current liabilities	17,556	17,380
Total current liabilities	61,446	100,953
Long-term debt, net	452,945	502,695
Deferred income taxes	(4)	2,415
Pension and postretirement benefit liabilities	12,005	7,765
Other long-term liabilities	44,621	45,483
Intercompany payable	638,929	803,562
Total shareholders’ equity	301,179	558,712
Total liabilities and shareholders’ equity	1,511,121	2,021,585
Guarantors
ASSETS
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	11,358	15,634
Inventories, net	6,566	5,121
Assets from discontinued operations	145,239	255,676
Other current assets	1,797	2,421
Total current assets	164,960	278,852
Property, plant and equipment, net	5,193	4,481
Goodwill	57,342	57,342
Other intangible assets, net	8,451	17,294
Investment in subsidiaries	912,297	918,050
Intercompany receivable	0	0
Other long-term assets	(13,424)	50
Total assets	1,134,819	1,276,069
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	3,231	2,646
Accrued Compensation and benefits	1,657	1,774
Long-term Debt, Current Maturities	0	0
Income Taxes Payable	0	0
Liabilities from discontinued operations	29,292	20,384
Other current liabilities	2,388	6,017
Total current liabilities	36,568	30,821
Long-term debt, net	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	114	265
Intercompany payable	340,960	133,697
Total shareholders’ equity	757,177	1,111,286
Total liabilities and shareholders’ equity	1,134,819	1,276,069
Non-Guarantors
ASSETS
Cash and cash equivalents	163,570	182,545	194,589	171,479
Accounts receivable, net	94,203	87,658
Inventories, net	43,884	44,253
Assets from discontinued operations	140,044	314,401
Other current assets	16,613	23,155
Total current assets	458,314	652,012
Property, plant and equipment, net	43,021	42,859
Goodwill	164,226	183,943
Other intangible assets, net	38,313	47,479
Investment in subsidiaries	417,022	301,782
Intercompany receivable	979,889	937,259
Other long-term assets	10,344	16,199
Total assets	2,111,129	2,181,533
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	50,005	50,847
Accrued Compensation and benefits	13,269	14,575
Long-term Debt, Current Maturities	0	0
Income Taxes Payable	4,838	4,091
Liabilities from discontinued operations	113,254	122,350
Other current liabilities	21,021	30,371
Total current liabilities	202,387	222,234
Long-term debt, net	0	0
Deferred income taxes	1,568	1,532
Pension and postretirement benefit liabilities	8,208	6,192
Other long-term liabilities	3,237	6,150
Intercompany payable	0	0
Total shareholders’ equity	1,895,729	1,945,425
Total liabilities and shareholders’ equity	2,111,129	2,181,533
Consolidation, Eliminations
ASSETS
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Assets from discontinued operations	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Goodwill	0	0
Other intangible assets, net	0	0
Investment in subsidiaries	(2,652,906)	(3,056,711)
Intercompany receivable	(979,889)	(937,259)
Other long-term assets	0	0
Total assets	(3,632,795)	(3,993,970)
LIABILITIES AND SHAREHOLDERS’ EQUITY
Trade accounts payable	0	0
Accrued Compensation and benefits	0	0
Long-term Debt, Current Maturities	0	0
Income Taxes Payable	0	0
Liabilities from discontinued operations	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt, net	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0	0
Other long-term liabilities	0	0
Intercompany payable	(979,889)	(937,259)
Total shareholders’ equity	(2,652,906)	(3,056,711)
Total liabilities and shareholders’ equity	$ (3,632,795)	$ (3,993,970)

Condensed Consolidating State_2

Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Operating Activities
Cash Provided by Operating Activities, Continuing Operations	$ 40,903	$ 71,916	$ 48,092
Cash Provided by Operating Activities, Discontinued Operations	12,942	34,177	40,407
Cash provided by operating activities	53,845	106,093	88,499
Investing Activities
Capital expenditures	(14,923)	(11,021)	(17,238)
Proceeds from sale of property, plant and equipment	(1,462)	(104)	(448)
Intercompany investment	0	0	0
Rental asset buyout for Viking divestiture	0	(27,718)	0
Proceeds from sale of businesses, net of transaction costs	0	8,902	0
Payments to Acquire Businesses, Net of Cash Acquired	0	(23,218)	0
Cash Used in Investing Activities, Continuing Operations	(13,461)	(52,951)	(16,790)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	24,507	(9,800)	(10,835)
Cash Provided by (Used in) Investing Activities	11,046	(62,751)	(27,625)
Financing Activities
Payment for redemption of term loan	(200,000)	0	0
Proceeds from issuance of term loan	200,000	0	0
Principal Repayments on Term Loan	(72,500)	(30,000)	(18,750)
Purchase of treasury shares	(22,481)	0	0
Redemption of 5.625% Senior Notes	0	0	(500)
Taxes paid related to the net share settlement of equity awards	(1,872)	(1,284)	(1,065)
Stock Option Exercises Related Tax Benefits And Other	1,900	15,681	8,265
Cash dividend	(2,439)	(2,390)	(2,358)
Payments of Debt Issuance Costs	(2,125)	0	0
Intercompany Dividends Paid			0
Intercompany loan activity	0	0	0
Intercompany capital contributions	0	0	0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(99,517)	(17,993)	(14,408)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	0	(742)
Cash used in financing activities	(99,517)	(17,993)	(15,150)
Effect of Exchange Rate on Cash	(4,713)	(4,430)	4,243
Net increase in cash and cash equivalents	(39,339)	20,919	49,967
Cash and cash equivalents - beginning of period	250,490	229,571	179,604
Cash and cash equivalents - end of period	211,151	250,490	229,571
Parent
Operating Activities
Cash Provided by Operating Activities, Continuing Operations	182,274	66,416	112,557
Cash Provided by Operating Activities, Discontinued Operations	(163,135)	(3,123)	(23,697)
Cash provided by operating activities	19,139	63,293	88,860
Investing Activities
Capital expenditures	(2,292)	(2,822)	(2,697)
Proceeds from sale of property, plant and equipment	(2)	0	0
Intercompany investment	(47,104)	11,754	(2,882)
Rental asset buyout for Viking divestiture		0
Proceeds from sale of businesses, net of transaction costs		198
Payments to Acquire Businesses, Net of Cash Acquired		0
Cash Used in Investing Activities, Continuing Operations	44,814	(14,378)	185
Cash Provided by (Used in) Investing Activities, Discontinued Operations	21,039	0	0
Cash Provided by (Used in) Investing Activities	65,853	(14,378)	185
Financing Activities
Payment for redemption of term loan	(200,000)
Proceeds from issuance of term loan	200,000
Principal Repayments on Term Loan	(72,500)	(30,000)	(18,750)
Purchase of treasury shares	(22,481)
Redemption of 5.625% Senior Notes			(500)
Taxes paid related to the net share settlement of equity awards	(1,872)	(1,284)	(1,065)
Stock Option Exercises Related Tax Benefits And Other	1,900	(15,681)	(8,265)
Cash dividend	(2,439)	(2,390)	(2,358)
Payments of Debt Issuance Costs	(2,125)
Intercompany Dividends Paid	0	0	0
Intercompany loan activity	(5,839)	2,041	(47,780)
Intercompany capital contributions	0	0	0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(105,356)	(15,952)	(62,188)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	0	0
Cash used in financing activities	(105,356)	(15,952)	(62,188)
Effect of Exchange Rate on Cash	0	0	0
Net increase in cash and cash equivalents	(20,364)	32,963	26,857
Cash and cash equivalents - beginning of period	67,945	34,982	8,125
Cash and cash equivalents - end of period	47,581	67,945	34,982
Guarantors
Operating Activities
Cash Provided by Operating Activities, Continuing Operations	107,127	11,374	(93,067)
Cash Provided by Operating Activities, Discontinued Operations	147,274	13,399	14,820
Cash provided by operating activities	254,401	24,773	(78,247)
Investing Activities
Capital expenditures	(2,042)	(2,320)	(1,824)
Proceeds from sale of property, plant and equipment	0	0	0
Intercompany investment	0	0	(78,154)
Rental asset buyout for Viking divestiture		0
Proceeds from sale of businesses, net of transaction costs		0
Payments to Acquire Businesses, Net of Cash Acquired		(1,732)
Cash Used in Investing Activities, Continuing Operations	(2,042)	(4,052)	76,330
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(3,288)	(2,664)	(3,436)
Cash Provided by (Used in) Investing Activities	(5,330)	(6,716)	72,894
Financing Activities
Payment for redemption of term loan	0
Proceeds from issuance of term loan	0
Principal Repayments on Term Loan	0	0	0
Purchase of treasury shares	0
Redemption of 5.625% Senior Notes			0
Taxes paid related to the net share settlement of equity awards	0	0	0
Stock Option Exercises Related Tax Benefits And Other	0	0	0
Cash dividend	0	0	0
Payments of Debt Issuance Costs	0
Intercompany Dividends Paid	(30,465)	0	0
Intercompany loan activity	0	(18,057)	0
Intercompany capital contributions	(42,539)	0	0
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(73,004)	(18,057)	0
Cash Provided by (Used in) Financing Activities, Discontinued Operations	(176,067)	0	5,353
Cash used in financing activities	(249,071)	(18,057)	5,353
Effect of Exchange Rate on Cash	0	0	0
Net increase in cash and cash equivalents	0	0	0
Cash and cash equivalents - beginning of period	0	0	0
Cash and cash equivalents - end of period	0	0	0
Non-Guarantors
Operating Activities
Cash Provided by Operating Activities, Continuing Operations	(6,856)	60,866	(201,903)
Cash Provided by Operating Activities, Discontinued Operations	136,264	23,944	42,748
Cash provided by operating activities	129,408	84,810	(159,155)
Investing Activities
Capital expenditures	(10,589)	(5,879)	(12,717)
Proceeds from sale of property, plant and equipment	(1,460)	(104)	(448)
Intercompany investment	49,366	0	26,600
Rental asset buyout for Viking divestiture		(27,718)
Proceeds from sale of businesses, net of transaction costs		8,704
Payments to Acquire Businesses, Net of Cash Acquired		(21,486)
Cash Used in Investing Activities, Continuing Operations	(58,495)	(46,275)	(38,869)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	30,988	(7,137)	(7,399)
Cash Provided by (Used in) Investing Activities	(27,507)	(53,412)	(46,268)
Financing Activities
Payment for redemption of term loan	0
Proceeds from issuance of term loan	0
Principal Repayments on Term Loan	0	0	0
Purchase of treasury shares	0
Redemption of 5.625% Senior Notes			0
Taxes paid related to the net share settlement of equity awards	0	0	0
Stock Option Exercises Related Tax Benefits And Other	0	0	0
Cash dividend	0	0	0
Payments of Debt Issuance Costs	0
Intercompany Dividends Paid	(85,941)	(28,822)	231,688
Intercompany loan activity	(21,894)	105,386	47,780
Intercompany capital contributions	(80,880)	100	(54,436)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(188,715)	76,664	225,032
Cash Provided by (Used in) Financing Activities, Discontinued Operations	72,552	(115,676)	(742)
Cash used in financing activities	(116,163)	(39,012)	224,290
Effect of Exchange Rate on Cash	(4,713)	(4,430)	4,243
Net increase in cash and cash equivalents	(18,975)	(12,044)	23,110
Cash and cash equivalents - beginning of period	182,545	194,589	171,479
Cash and cash equivalents - end of period	163,570	182,545	194,589
Consolidation, Eliminations
Operating Activities
Cash Provided by Operating Activities, Continuing Operations	(241,642)	(66,740)	230,505
Cash Provided by Operating Activities, Discontinued Operations	(107,461)	(43)	6,536
Cash provided by operating activities	(349,103)	(66,783)	237,041
Investing Activities
Capital expenditures	0	0	0
Proceeds from sale of property, plant and equipment	0	0	0
Intercompany investment	(2,262)	(11,754)	54,436
Rental asset buyout for Viking divestiture		0
Proceeds from sale of businesses, net of transaction costs		0
Payments to Acquire Businesses, Net of Cash Acquired		0
Cash Used in Investing Activities, Continuing Operations	2,262	11,754	(54,436)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(24,232)	1	0
Cash Provided by (Used in) Investing Activities	(21,970)	11,755	(54,436)
Financing Activities
Payment for redemption of term loan	0
Proceeds from issuance of term loan	0
Principal Repayments on Term Loan	0	0	0
Purchase of treasury shares	0
Redemption of 5.625% Senior Notes			0
Taxes paid related to the net share settlement of equity awards	0	0	0
Stock Option Exercises Related Tax Benefits And Other	0	0	0
Cash dividend	0	0	0
Payments of Debt Issuance Costs	0
Intercompany Dividends Paid	116,406	28,822	(231,688)
Intercompany loan activity	27,733	(89,370)	0
Intercompany capital contributions	123,419	(100)	54,436
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	267,558	(60,648)	(177,252)
Cash Provided by (Used in) Financing Activities, Discontinued Operations	103,515	115,676	(5,353)
Cash used in financing activities	371,073	55,028	(182,605)
Effect of Exchange Rate on Cash	0	0	0
Net increase in cash and cash equivalents	0	0	0
Cash and cash equivalents - beginning of period	0	0	0
Cash and cash equivalents - end of period	$ 0	$ 0	$ 0

Guarantor Subsidiaries - Additi

Guarantor Subsidiaries - Additional Information (Detail) - Senior Notes - 5.625% Senior Notes - USD ($) $ in Thousands	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017	Apr. 16, 2012
Debt Instrument [Line Items]
Long-term debt				$ 300,000
5.625% Senior Notes Carrying Value	$ 287,559	$ 287,559
Debt instrument, interest rate	5.625%		5.625%	5.625%

Director & Officer Transition_2

Director & Officer Transition Charges Director & Officer Transition Charges (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Director & Officer Transition Charges [Abstract]
Director & officer transition charges	$ 0	$ 0	$ 7,784

Quarterly Financial Data (Detai

Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Aug. 31, 2019	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2018	May 31, 2018	Feb. 28, 2018	Nov. 30, 2017	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Quarterly Financial Information Disclosure [Line Items]
Net sales									$ 654,758	$ 641,303	$ 616,591
Gross profit									292,652	283,284	260,370
Net Earnings (Loss) from Continuing Operations									$ 8,067	$ 4,746	$ (95,275)
Net earnings (loss) per share:
Earnings (loss) per basic share from continuing operations									$ 0.13	$ 0.08	$ (1.60)
Earnings (loss) per diluted share from continuing operations									$ 0.13	$ 0.08	$ (1.60)
Quarterly unaudited data [Member]
Quarterly Financial Information Disclosure [Line Items]
Net sales	$ 158,324	$ 178,095	$ 159,788	$ 158,551	$ 166,469	$ 170,466	$ 148,601	$ 155,767
Gross profit	69,070	81,954	71,316	70,312	73,361	79,003	62,216	68,704
Net Earnings (Loss) from Continuing Operations	$ (3,133)	$ 26,858	$ 765	$ (16,423)	$ 11,328	$ 17,827	$ (21,568)	$ (2,841)
Net earnings (loss) per share:
Earnings (loss) per basic share from continuing operations	$ (0.05)	$ 0.44	$ 0.01	$ (0.27)	$ 0.19	$ 0.29	$ (0.36)	$ (0.05)
Earnings (loss) per diluted share from continuing operations	$ (0.05)	$ 0.43	$ 0.01	$ (0.27)	$ 0.18	$ 0.29	$ (0.36)	$ (0.05)

Quarterly Financial Data - Addi

Quarterly Financial Data - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Aug. 31, 2019	May 31, 2019	Feb. 28, 2019	Nov. 30, 2018	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Impairment & divestiture charges	$ 6,200	$ (13,000)	$ 6,100	$ 23,500	$ 22,827	$ 2,987	$ 116,979

Valuation and Qualifying Acco_2

Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018	Aug. 31, 2017
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	$ 1,700	$ 20,400
Deductions Accounts Written Off Less Recoveries	(2,900)	(11,800)
Allowance for losses -Trade accounts receivable
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	4,958	10,488	$ 6,936
Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	1,114	(1,732)	3,792
Additions Acquired/ (Divested)/ (Discontinued)	0	76	883
Deductions Accounts Written Off Less Recoveries	(833)	(3,571)	(1,187)
Other	(98)	(303)	64
Ending Balance	5,141	4,958	10,488
Valuation Allowance of Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	32,426	16,758	2,487
Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	43,693	27,504	14,874
Additions Acquired/ (Divested)/ (Discontinued)	0	0	0
Deductions Accounts Written Off Less Recoveries	(2,864)	(11,836)	(603)
Other	0	0	0
Ending Balance	$ 73,255	$ 32,426	$ 16,758