Enerpac Tool (EPAC) 10-Q 9 Jan 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	3 Months Ended
	Nov. 30, 2016	Dec. 31, 2016	Aug. 31, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Nov. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Trading Symbol	ATU
Entity Registrant Name	ACTUANT CORP
Entity Central Index Key	6,955
Current Fiscal Year End Date	--08-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		59,185,472
Common Class A
Document Information [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.2		$ 0.2
Common Stock, Shares Authorized	168,000,000		168,000,000
Common Stock, Shares, Issued	79,491,773		79,393,393

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Income Statement [Abstract]
Net sales	$ 265,793	$ 305,011
Cost of products sold	172,726	196,449
Gross profit	93,067	108,562
Selling, administrative and engineering expenses	68,602	72,911
Amortization of intangible assets	5,262	5,900
Director & officer transition charges	7,784	0
Restructuring Charges	2,948	4,380
Operating profit	8,471	25,371
Financing costs, net	7,132	7,117
Other (income) expense, net	(628)	619
Earnings before income taxes	1,967	17,635
Income tax (benefit) expense	(2,998)	2,187
Net earnings	$ 4,965	$ 15,448
Earnings per share:
Basic	$ 0.08	$ 0.26
Diluted	$ 0.08	$ 0.26
Weighted average common shares outstanding:
Basic	58,972	59,187
Diluted	59,616	59,713

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 4,965	$ 15,448
Other comprehensive (loss) income
Foreign currency translation adjustments	(26,658)	(21,174)
Pension and other postretirement benefit plans, net of tax	536	217
Cash flow hedges, net of tax	0	23
Total other comprehensive loss, net of tax	(26,122)	(20,934)
Comprehensive loss	$ (21,157)	$ (5,486)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Current assets
Cash and cash equivalents	$ 176,871	$ 179,604
Accounts receivable, net	188,815	186,829
Inventories, net	135,064	130,756
Other current assets	48,098	45,463
Total current assets	548,848	542,652
Property, plant and equipment
Land, buildings and improvements	40,959	41,504
Machinery and equipment	265,755	268,362
Gross property, plant and equipment	306,714	309,866
Less: Accumulated depreciation	(196,172)	(195,851)
Property, plant and equipment, net	110,542	114,015
Goodwill	509,478	519,276
Other intangibles, net	230,532	239,475
Other long-term assets	22,316	23,242
Total assets	1,421,716	1,438,660
Current liabilities
Trade accounts payable	119,666	115,051
Accrued compensation and benefits	43,232	46,901
Current maturities of debt and short-term borrowings	22,500	18,750
Income taxes payable	5,928	9,254
Other current liabilities	56,577	51,956
Total current liabilities	247,903	241,912
Long-term debt, less current maturities	554,369	561,681
Deferred income taxes	27,899	31,356
Pension and postretirement benefit liabilities	24,634	25,667
Other long-term liabilities	56,824	57,094
Total liabilities	911,629	917,710
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 79,491,773 and 79,393,393 shares, respectively	15,898	15,879
Additional paid-in capital	125,250	114,980
Treasury stock, at cost, 20,439,434 shares	(617,731)	(617,731)
Retained earnings	1,264,615	1,259,645
Accumulated other comprehensive loss	(277,945)	(251,823)
Stock held in trust	(2,717)	(2,646)
Deferred compensation liability	2,717	2,646
Total shareholders’ equity	510,087	520,950
Total liabilities and shareholders’ equity	$ 1,421,716	$ 1,438,660

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Nov. 30, 2016	Aug. 31, 2016
Treasury Stock, Shares	20,439,434	20,439,434

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Operating Activities
Net earnings	$ 4,965	$ 15,448
Adjustments to reconcile net earnings to cash provided by operating activities:
Depreciation and amortization	10,896	12,472
Stock-based compensation expense	9,554	2,961
(Benefit) provision for deferred income taxes	(2,865)	156
Amortization of debt issuance costs	413	413
Other non-cash adjustments	464	(930)
Changes in components of working capital and other:
Accounts receivable	(8,252)	(7,397)
Inventories	(8,142)	(2,851)
Trade accounts payable	6,768	7,735
Prepaid expenses and other assets	5,485	9,211
Income taxes payable/receivable	(2,324)	(4,294)
Accrued compensation and benefits	(2,757)	365
Other accrued liabilities	8,850	6,439
Cash provided by operating activities	12,085	21,306
Investing Activities
Capital expenditures	5,139	5,529
Proceeds from sale of property, plant and equipment	130	1,437
Business acquisitions, net of cash acquired	0	(530)
Cash used in investing activities	(5,009)	(4,622)
Financing Activities
Net borrowings (repayment) on debt	(3,750)	(218)
Purchase of treasury shares	0	(4,682)
Taxes paid related to the net share settlement of equity awards	(223)	(937)
Stock option exercises, related tax benefits and other	1,342	1,090
Cash dividend	(2,358)	(2,376)
Cash used in financing activities	(4,989)	(7,123)
Effect of exchange rate changes on cash	(4,820)	(6,462)
Net (decrease) increase in cash and cash equivalents	(2,733)	3,099
Cash and cash equivalents – beginning of period	179,604	168,846
Cash and cash equivalents – end of period	176,871	171,945
Senior Credit Facility - Term Loan
Financing Activities
Stock option exercises, related tax benefits and other		1,090
Cash dividend		(2,376)
Line of Credit | Senior Credit Facility - Revolver
Financing Activities
Net borrowings (repayment) on debt	0	(218)
Line of Credit | Senior Credit Facility - Term Loan
Financing Activities
Net borrowings (repayment) on debt	$ (3,750)	$ 0

Basis of Presentation

Basis of Presentation	3 Months Ended
	Nov. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation General The accompanying unaudited condensed consolidated financial statements of Actuant Corporation (“Actuant,” or the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial reporting and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The condensed consolidated balance sheet data as of August 31, 2016 was derived from the Company’s audited financial statements, but does not include all disclosures required by United States generally accepted accounting principles. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes in the Company’s fiscal 2016 Annual Report on Form 10-K. In the opinion of management, all adjustments considered necessary for a fair statement of financial results have been made. Such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended November 30, 2016 are not necessarily indicative of the results that may be expected for the entire fiscal year ending August 31, 2017 . New Accounting Pronouncements In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which includes amendments that require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Under the new guidance, the recognition and measurement of debt issuance costs is not affected. This guidance was adopted on September 1, 2016. As a result of adoption, debt issuance costs of $3.9 million were reclassified from other long-term assets to long-term debt, net (contra liability) on the balance sheet as of August 31, 2016. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , further clarifying that ASU 2015-03 relates only to the presentation of debt issuance costs related to term loans and does not relate to lines-of-credit or revolvers. As such, the debt issuance costs related to the Company's revolver remain classified in other long-term assets. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminates the requirement to retrospectively account for changes to provisional amounts initially recorded in a business acquisition opening balance sheet. This guidance was adopted on September 1, 2016. The adoption did not have a material impact on the financial statements of the Company. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory , which amends the existing guidance to prohibit immediate recognition of the current and deferred income tax impacts of intra-entity asset transfers. The ASU eliminates this prohibition for all intra-entity asset transfers, except inventory. This guidance was adopted, on a modified retrospective basis, at September 1, 2016. The adoption did not have a material impact on the cumulative retained earnings or on the current consolidated financial statements of the Company. In March 2016, the FASB issued ASU 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which will simplify several aspects of accounting for share-based payment transactions. The guidance will require, among other items, that all excess tax deficiencies or benefits be recorded as income tax expense or benefit in the statement of earnings, and not in additional paid-in capital (shareholder's equity). This guidance is effective for fiscal years beginning after December 15, 2016 (fiscal 2018 for the Company), and interim periods within those annual periods. The Company is continuing to evaluate the impact of adopting this standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. Under ASU 2014-09 and subsequent updates included in ASU 2016-10 and ASU 2016-12, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years beginning on or after December 15, 2017 (fiscal 2019 for the Company). The Company is continuing to evaluate the impact of adopting this standard. In February 2016, the FASB issued ASU 2016-02, Leases to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 of the Company), including interim periods within those fiscal years. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is continuing to evaluate the impact of adopting this standard. In August 2016, the FASB issued ASU 2016‑15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments , to address how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This guidance is effective for fiscal years beginning after December 15, 2017 (fiscal 2019 of the Company), including interim periods within those fiscal years. This update will require adoption on a retrospective basis unless it is impracticable to apply. The Company is continuing to evaluate the impact of adopting this standard.

Director & Officer Transition C

Director & Officer Transition Charges (Notes)	3 Months Ended
	Nov. 30, 2016
Compensation Related Costs [Abstract]
Compensation Related Costs, General [Text Block]	Director & Officer Transition Charges During the three months ended November 30, 2016, the Company recorded separation and transition charges of $7.8 million in connection with the retirement of one director of the Company's Board of Directors and the transition of the Executive Vice President/Chief Financial Officer. The charges were mainly comprised of compensation expense for accelerated equity vesting, severance, outplacement, legal, signing bonus and relocation costs.

Restructuring Charges (Notes)

Restructuring Charges (Notes)	3 Months Ended
	Nov. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Charges The Company has committed to various restructuring initiatives including workforce reductions, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low cost alternatives and the centralization and standardization of certain administrative functions. Total restructuring charges for these activities were $2.9 million and $4.4 million for the three months ended November 30, 2016 and 2015, respectively, and impacted all segments. Liabilities for severance will be paid during the next twelve months, while future lease payments related to facilities vacated as a result of restructuring will be paid over the underlying remaining lease terms. The following rollforward summarizes current year restructuring reserve activity, by segment, for the three months ended November 30, 2016 and 2015 (in thousands): Three Months Ended November 30, 2016 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2016 $ 1,343 $ 3,021 $ 1,863 $ 46 $ 6,273 Restructuring charges 715 117 2,080 36 2,948 Cash payments (333 ) (558 ) (1,802 ) (36 ) (2,729 ) Other non-cash uses of reserve (166 ) (6 ) (3 ) (13 ) (188 ) Impact of changes in foreign currency rates (25 ) 10 (8 ) — (22 ) Balance as of November 30, 2016 $ 1,534 $ 2,584 $ 2,130 $ 33 $ 6,282 Three Months Ended November 30, 2015 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2015 $ — $ — $ — $ — $ — Restructuring charges 709 2,031 1,415 225 4,380 Cash payments (10 ) (37 ) (225 ) (51 ) (323 ) Other non-cash uses of reserve — — — — — Impact of changes in foreign currency rates — (45 ) — — (45 ) Balance as of November 30, 2015 $ 699 $ 1,949 $ 1,190 $ 174 $ 4,012

Acquisitions

Acquisitions	3 Months Ended
	Nov. 30, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions During fiscal 2016 , the Company completed two acquisitions which resulted in the recognition of goodwill in the condensed consolidated financial statements because their purchase price reflected the future earnings and cash flow potential of the acquired companies, as well as the complementary strategic fit and resulting synergies the acquisitions are expected to bring to existing operations. The Company makes an initial allocation of the purchase price at the date of acquisition, based upon its understanding of the fair value of the acquired assets and assumed liabilities. If additional information is obtained about these assets and liabilities within the measurement period (not to exceed one year from the date of acquisition), through asset appraisals and other sources, the Company will refine its estimates of fair value and adjust the initial purchase price allocation. The Company acquired the stock of Larzep, S.A. ("Larzep") on February 17, 2016 for a purchase price of $15.9 million net of cash acquired. This Industrial segment tuck-in acquisition is headquartered in Mallabia, Spain and is a supplier of hydraulic tools and solutions. The preliminary purchase price allocation resulted in $9.7 million of goodwill (which is not deductible for tax purposes) and $4.8 million of intangible assets, including $3.6 million of customer relationships and $1.2 million of tradenames. The Company also acquired the assets of the Middle East, Caspian and the North African business of FourQuest Energy Inc. ("Pipeline and Process Services") for $65.5 million on March 30, 2016 . This Hydratight tuck-in acquisition was funded with existing cash and expands the geographic presence and service offerings of the Energy segment, including pipeline pre-commissioning, engineering, chemical cleaning and leak testing. The preliminary purchase price allocation resulted in $38.5 million of goodwill (which is not deductible for tax purposes) and $8.7 million of intangible assets, including $8.0 million of customer relationships and $0.7 million of non-compete agreements. During the first quarter of fiscal 2017, goodwill related to this acquisition increased by $2.3 million , the result of adjustments to reflect the fair value of acquired accounts receivables. The two acquisitions generated combined sales of $9.3 million for the three months ended November 30, 2016 . The Company incurred acquisition transaction costs of $0.2 million and $0.7 million for the three months ended November 30, 2016 and 2015, respectively, related to various business acquisition activities. The following unaudited pro forma operating results of the Company for the three months ended November 30, 2016 and 2015, give effect to these acquisitions as though the transactions and related financing activities occurred on September 1, 2015 (in thousands, expect per share amounts): Three Months Ended November 30, 2016 2015 Net sales As reported $ 265,793 $ 305,011 Pro forma 265,793 315,894 Net earnings As reported $ 4,965 $ 15,448 Pro forma 4,965 16,840 Basic earnings per share As reported $ 0.08 $ 0.26 Pro forma 0.08 0.28 Diluted earnings per share As reported $ 0.08 $ 0.26 Pro forma 0.08 0.28
Business Acquisition, Pro Forma Information [Table Text Block]	The following unaudited pro forma operating results of the Company for the three months ended November 30, 2016 and 2015, give effect to these acquisitions as though the transactions and related financing activities occurred on September 1, 2015 (in thousands, expect per share amounts): Three Months Ended November 30, 2016 2015 Net sales As reported $ 265,793 $ 305,011 Pro forma 265,793 315,894 Net earnings As reported $ 4,965 $ 15,448 Pro forma 4,965 16,840 Basic earnings per share As reported $ 0.08 $ 0.26 Pro forma 0.08 0.28 Diluted earnings per share As reported $ 0.08 $ 0.26 Pro forma 0.08 0.28

Divestiture Activities Divestit

Divestiture Activities Divestiture Activities (Notes)	3 Months Ended
	Nov. 30, 2016
Divestiture Activities [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 5. Divestiture Activities On August 25, 2016 , the Company completed the divestiture of its Sanlo business (Engineered Solutions segment) for $9.7 million in cash, net of transaction costs. This divestiture resulted in a $5.1 million pre-tax loss, but a $1.6 million gain net of tax, in the fourth quarter of fiscal 2016. The results of the Sanlo business (which had sales and net earnings of $3.0 million and $0.1 million , respectively, in the first quarter of fiscal 2016) are not material to the consolidated financial results and are included in the results from continuing operations in fiscal 2016.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill, Intangible Assets and Long-Lived Assets The changes in the carrying value of goodwill for the three months ended November 30, 2016 are as follows (in thousands): Industrial Energy Engineered Solutions Total Balance as of August 31, 2016 $ 101,739 $ 187,321 $ 230,216 $ 519,276 Purchase accounting adjustments — 2,286 — 2,286 Impact of changes in foreign currency rates (1,798 ) (4,450 ) (5,836 ) (12,084 ) Balance as of November 30, 2016 $ 99,941 $ 185,157 $ 224,380 $ 509,478 The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands): November 30, 2016 August 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 15 $ 287,156 $ 167,320 $ 119,836 $ 292,671 $ 166,252 $ 126,419 Patents 11 29,987 22,634 7,353 30,296 22,233 8,063 Trademarks and tradenames 18 21,027 8,113 12,914 21,283 7,936 13,347 Other intangibles 3 6,498 5,864 634 6,627 5,890 737 Indefinite lived intangible assets: Tradenames N/A 89,795 — 89,795 90,909 — 90,909 $ 434,463 $ 203,931 $ 230,532 $ 441,786 $ 202,311 $ 239,475 The Company estimates that amortization expense will be $14.7 million for the remaining nine months of fiscal 2017 . Amortization expense for future years is estimated to be: $19.4 million in fiscal 2018 , $19.2 million in 2019 , $18.6 million in fiscal 2020 , $17.5 million in fiscal 2021 , $15.8 million in fiscal 2022 and $35.5 million thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures or changes in foreign currency exchange rates.

Product Warranty Costs

Product Warranty Costs	3 Months Ended
	Nov. 30, 2016
Guarantees [Abstract]
Product Warranty Costs	Product Warranty Costs The Company generally offers its customers a warranty on products sold, although warranty periods vary by product type and application. The reserve for future warranty claims is based on historical claim rates and current warranty cost experience. The following is a rollforward of the product warranty reserve for the three months ended November 30, 2016 and 2015 (in thousands): Three Months Ended November 30, 2016 2015 Beginning balance $ 5,592 $ 3,719 Provision for warranties 777 1,308 Warranty payments and costs incurred (2,309 ) (1,246 ) Impact of changes in foreign currency rates (105 ) (396 ) Ending balance $ 3,955 $ 3,385

Debt

Debt	3 Months Ended
	Nov. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt The following is a summary of the Company’s long-term indebtedness (in thousands): November 30, 2016 August 31, 2016 Senior Credit Facility Revolver ($600 million) $ — $ — Term Loan 292,500 296,250 Total Senior Credit Facility 292,500 296,250 5.625% Senior Notes 288,059 288,059 Total Senior Indebtedness 580,559 584,309 Less: Current maturities of long-term debt (22,500 ) (18,750 ) Debt issuance costs (1) (3,690 ) (3,878 ) Total long-term debt, net $ 554,369 $ 561,681 (1) The Company adopted new accounting guidance (ASU 2015-03) on September 1, 2016, which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct reduction of the carrying amount of the related debt. The Company’s Senior Credit Facility, matures on May 8, 2020 , provides a $600 million revolver, an amortizing term loan and a $450 million expansion option, subject to certain conditions. Borrowings are subject to a pricing grid, which can result in increases or decreases to the borrowing spread, depending on the Company’s leverage ratio, ranging from 1.00% to 2.25% in the case of loans bearing interest at LIBOR and from 0.00% to 1.25% in the case of loans bearing interest at the base rate. As of November 30, 2016 , the borrowing spread on LIBOR based borrowings was 2.00% (aggregating to a 2.50% variable rate borrowing cost). In addition, a non-use fee is payable quarterly on the average unused credit line under the revolver ranging from 0.15% to 0.35% per annum. As of November 30, 2016 , the unused credit line under the revolver was $594.8 million , of which $131.2 million was available for borrowing. The amount immediately available for borrowing represents the maximum additional borrowings that could be utilized by the Company (based upon current earnings and net debt) without violating compliance with the associated financial covenants described below. Quarterly term loan principal payments of $3.8 million began on June 30, 2016 , and increase to $7.5 million starting on June 30, 2017 , with the remaining principal due at maturity. The Senior Credit Facility, which is secured by substantially all of the Company’s domestic personal property assets, also contains customary limits and restrictions concerning investments, sales of assets, liens on assets, dividends and other payments. The two financial covenants included in the Senior Credit Facility agreement are a maximum leverage ratio of 3.75 :1 and a minimum interest coverage ratio of 3.5 :1. The Company was in compliance with all financial covenants at November 30, 2016 . On April 16, 2012 , the Company issued $300 million of 5.625% Senior Notes due 2022 (the “Senior Notes”), of which $288.1 million remains outstanding at November 30, 2016 and August 31, 2016 . The Senior Notes require no principal installments prior to their June 15, 2022 maturity, require semiannual interest payments in December and June of each year and contain certain financial and non-financial covenants. The Senior Notes include a call feature that allows the Company to repurchase them anytime on or after June 15, 2017 at stated redemption prices (ranging from 100.0% to 102.8% ), plus accrued and unpaid interest.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Nov. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include management’s own judgments about the assumptions market participation would use in pricing an asset or liability. The fair value of the Company’s cash and cash equivalents, foreign currency derivatives, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both November 30, 2016 and August 31, 2016 due to their short-term nature and the fact that the interest rates approximated market rates. The fair value of the Company’s outstanding Senior Notes was $296.0 million and $299.6 million at November 30, 2016 and August 31, 2016 , respectively. The fair value of the Senior Notes was based on quoted inactive market prices and is therefore classified as Level 2 within the valuation hierarchy.

Derivatives

Derivatives	3 Months Ended
	Nov. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations. In order to manage this risk the Company hedges certain portions of its recognized balances and forecasted cash flows that are denominated in non-functional currencies. All derivatives are recognized in the balance sheet at their estimated fair value. On the date it enters into a derivative contract, the Company designates the derivative as a hedge of a recognized asset or liability ("fair value hedge") or a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability ("cash flow hedge"). The Company does not enter into derivatives for speculative purposes. Changes in the value of fair value hedges and non-designated hedges are recorded in earnings along with the gain or loss on the hedged asset or liability, while changes in the value of cash flow hedges are recorded in accumulated other comprehensive loss, until earnings are affected by the variability of cash flows. The U.S. dollar equivalent notional value of short duration foreign currency forward contracts (fair value hedges or non-designated hedges) was $29.2 million and $143.4 million , at November 30, 2016 and August 31, 2016 , respectively. Net foreign currency losses related to these derivative instruments are as follows (in thousands): Three Months Ended November 30, 2016 2015 Foreign currency loss $ (1,491 ) $ (1,696 ) These derivative gains and losses offset foreign currency gains and losses from the related revaluation of non-functional currency assets and liabilities (amounts included in other (income) expense, net in the condensed consolidated statement of earnings).

Capital Stock and Share Repurch

Capital Stock and Share Repurchase	3 Months Ended
	Nov. 30, 2016
Earnings Per Share [Abstract]
Capital Stock and Share Repurchase	The Company's Board of Directors has authorized the repurchase of shares of the Company's common stock under publicy announced share repurchase programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 20,439,434 shares of common stock for $618 million . As of November 30, 2016 , the maximum number of shares that may yet be purchased under the programs is 7,560,566 shares. There were no share repurchases in the three months ended November 30, 2016 . The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended November 30, 2016 2015 Numerator: Net earnings $ 4,965 $ 15,448 Denominator: Weighted average common shares outstanding - basic 58,972 59,187 Net effect of dilutive securities - stock based compensation plans 644 526 Weighted average common shares outstanding - diluted 59,616 59,713 Basic earnings per share $ 0.08 $ 0.26 Diluted earnings per share 0.08 0.26 Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) 1,963 3,031

Income Taxes

Income Taxes	3 Months Ended
	Nov. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's income tax expense is impacted by a number of factors, including the amount of taxable earnings derived in foreign jurisdictions with tax rates that are lower than the U.S. federal statutory rate, permanent items, state tax rates and the ability to utilize various tax credits and net operating loss carryforwards. The Company's global operations, acquisition activity and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Both the current and prior periods include the benefits of tax planning initiatives. Comparative pre-tax earnings, income tax expense (benefit) and effective income tax rates are as follows (amounts in thousands): Three Months Ended November 30, 2016 2015 Earnings before income taxes $ 1,967 $ 17,635 Income tax (benefit) expense (2,998 ) 2,187 Effective income tax rate (152.4 )% 12.4 % Both the current and prior year income tax rates were impacted by the proportion of earnings in foreign jurisdictions (with income tax rates lower than the US federal income tax rate) and the amount of tax benefits derived from tax planning initiatives. Our earnings before income taxes consisted of 80% of earnings from foreign jurisdictions in fiscal 2017, compared to 75% in fiscal 2016, which had the impact of reducing the current year effective income tax rate. The income tax benefit for the three months ended November 30, 2016 is the result of current year tax planning initiatives (which yield an effective income tax rate significantly lower than the federal income tax rate) and a $2.9 million tax benefit related to the discrete director and officer transition costs described in Note 2, "Director & Officer Transition Charges." These items, when combined with reduced earnings before income taxes, result in an effective tax rate of (152.4)% . Comparatively, the income tax expense for the three months ended November 30, 2015 was the net result of prior year tax planning initiatives (which yielded an effective income tax rate lower than the federal income tax rate) and higher earnings overall, but less earnings from foreign jurisdictions than fiscal 2017.

Segment Information

Segment Information	3 Months Ended
	Nov. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is a global manufacturer of a broad range of industrial products and systems and is organized into three reportable segments: Industrial, Energy and Engineered Solutions. The Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil & gas, power generation and other markets. The Engineered Solutions segment provides highly engineered position and motion control systems to original equipment manufacturers ("OEM") in various on and off-highway vehicle markets, as well as a variety of other products to the industrial and agricultural markets. The following tables summarize financial information by reportable segment and product line (in thousands): Three Months Ended November 30, 2016 2015 Net Sales by Reportable Product Line & Segment: Industrial Segment: Industrial Tools $ 79,039 $ 79,733 Integrated Solutions 8,251 9,137 87,290 88,870 Energy Segment: Energy Maintenance & Integrity 64,821 78,835 Other Energy Solutions 19,825 34,929 84,646 113,764 Engineered Solutions Segment: On-Highway 51,630 54,075 Agriculture, Off-Highway and Other 42,227 48,302 93,857 102,377 $ 265,793 $ 305,011 Operating Profit (Loss): Industrial $ 18,776 $ 20,554 Energy 3,210 10,094 Engineered Solutions 755 3,522 General Corporate (14,270 ) (8,799 ) $ 8,471 $ 25,371 November 30, 2016 August 31, 2016 Assets by Segment: Industrial $ 308,313 $ 308,222 Energy 511,555 479,169 Engineered Solutions 483,289 493,840 General Corporate 118,559 157,429 $ 1,421,716 $ 1,438,660 In addition to the impact of foreign currency exchange rate changes, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment charges, director and officer transition charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, capitalized debt issuance costs and deferred income taxes.

Contingencies and Litigation

Contingencies and Litigation	3 Months Ended
	Nov. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Litigation	Contingencies and Litigation The Company had outstanding letters of credit of $15.5 million and $17.8 million at November 30, 2016 and August 31, 2016 , respectively, the majority of which relate to commercial contracts and self-insured workers compensation programs. The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings typically include product liability, environmental, labor, patent claims and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable that a loss has been incurred and can be reasonably estimated. In the opinion of management, resolution of these contingencies are not expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. The Company remains contingently liable for lease payments under leases of businesses that it previously divested or spun-off, in the event that such businesses are unable to fulfill their future lease payment obligations. The discounted present value of future minimum lease payments for these leases was $14.6 million at November 30, 2016 (including $11.6 million related to the former Electrical segment). The Company has facilities in numerous geographic locations that are subject to a range of environmental laws and regulations. Environmental expenditures over the past two years have not been material. Management believes that such costs will not have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Guarantor Subsidiaries

Guarantor Subsidiaries	3 Months Ended
	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Guarantor Subsidiaries	Guarantor Subsidiaries As discussed in Note 8, “Debt” on April 16, 2012 , Actuant Corporation (the “Parent”) issued $300.0 million of 5.625% Senior Notes, of which $288.1 million remains outstanding as of November 30, 2016 . All of our material domestic wholly owned subsidiaries (the “Guarantors”) fully and unconditionally guarantee the 5.625% Senior Notes on a joint and several basis. There are no significant restrictions on the ability of the Guarantors to make distributions to the Parent. The following tables present the results of operations, financial position and cash flows of Actuant Corporation and its subsidiaries, the Guarantor and non-Guarantor entities, and the eliminations necessary to arrive at the information for the Company on a consolidated basis. Certain assets, liabilities and expenses have not been allocated to the Guarantors and non-Guarantors and therefore are included in the Parent column in the accompanying condensed consolidating financial statements. These items are of a corporate or consolidated nature and include, but are not limited to, tax provisions and related assets and liabilities, certain employee benefit obligations, prepaid and accrued insurance and corporate indebtedness. Intercompany activity primarily includes loan activity, purchases and sales of goods or services, investments and dividends. Intercompany balances also reflect certain non-cash transactions including transfers of assets and liabilities between the Parent, Guarantor and non-Guarantor, allocation of non-cash expenses from the Parent to the Guarantors and non-Guarantors, non-cash intercompany dividends and the impact of foreign currency rate changes. CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 31,729 $ 84,276 $ 149,788 $ — $ 265,793 Cost of products sold 7,094 61,416 104,216 — 172,726 Gross profit 24,635 22,860 45,572 — 93,067 Selling, administrative and engineering expenses 17,967 16,636 33,999 — 68,602 Amortization of intangible assets 318 3,076 1,868 — 5,262 Restructuring charges 355 723 1,870 — 2,948 Director & officer transition charges 7,784 — — — 7,784 Operating (loss) profit (1,789 ) 2,425 7,835 — 8,471 Financing costs (income), net 7,326 — (194 ) — 7,132 Intercompany (income) expense, net (5,068 ) (1,086 ) 6,154 — — Intercompany dividends — (55,143 ) — 55,143 — Other expense (income), net 2,085 (70 ) (2,643 ) — (628 ) (Loss) earnings before income taxes (6,132 ) 58,724 4,518 (55,143 ) 1,967 Income tax benefit (2,714 ) (30 ) (254 ) — (2,998 ) Net (loss) earnings before equity in earnings of subsidiaries (3,418 ) 58,754 4,772 (55,143 ) 4,965 Equity in earnings of subsidiaries 8,383 5,625 3,130 (17,138 ) — Net earnings 4,965 64,379 7,902 (72,281 ) 4,965 Comprehensive (loss) income $ (21,157 ) $ 46,292 $ 631 $ (46,923 ) $ (21,157 ) CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended November 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 34,690 $ 100,941 $ 169,380 $ — $ 305,011 Cost of products sold 7,171 72,338 116,940 — 196,449 Gross profit 27,519 28,603 52,440 — 108,562 Selling, administrative and engineering expenses 19,760 18,530 34,621 — 72,911 Amortization of intangible assets 318 3,308 2,274 — 5,900 Restructuring charges 878 122 3,380 — 4,380 Operating profit 6,563 6,643 12,165 — 25,371 Financing costs (income), net 7,455 — (338 ) — 7,117 Intercompany (income) expense, net (5,829 ) (5,825 ) 11,654 — — Other expense, net 403 59 157 — 619 Earnings before income taxes 4,534 12,409 692 — 17,635 Income tax expense (benefit) 591 1,657 (61 ) — 2,187 Net earnings before equity in earnings of subsidiaries 3,943 10,752 753 — 15,448 Equity in earnings of subsidiaries 11,505 2,874 1,858 (16,237 ) — Net earnings 15,448 13,626 2,611 (16,237 ) 15,448 Comprehensive (loss) income $ (5,486 ) $ 1,403 $ (5,981 ) $ 4,578 $ (5,486 ) CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 9,371 $ — $ 167,500 $ — $ 176,871 Accounts receivable, net 13,628 47,846 127,341 — 188,815 Inventories, net 20,606 44,651 69,807 — 135,064 Other current assets 9,068 2,721 36,309 — 48,098 Total current assets 52,673 95,218 400,957 — 548,848 Property, plant and equipment, net 6,190 24,740 79,612 — 110,542 Goodwill 38,847 200,499 270,132 — 509,478 Other intangibles, net 9,111 146,681 74,740 — 230,532 Investment in subsidiaries 1,886,508 687,115 514,291 (3,087,914 ) — Intercompany receivable — 1,198,419 — (1,198,419 ) — Other long-term assets 9,422 10 12,884 — 22,316 Total assets $ 2,002,751 $ 2,352,682 $ 1,352,616 $ (4,286,333 ) $ 1,421,716 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,647 $ 22,390 $ 85,629 $ — $ 119,666 Accrued compensation and benefits 13,509 5,497 24,226 — 43,232 Current maturities of debt and short-term borrowings 22,500 — — — 22,500 Income taxes payable 2,935 — 2,993 — 5,928 Other current liabilities 22,692 6,952 26,933 — 56,577 Total current liabilities 73,283 34,839 139,781 — 247,903 Long-term debt, net 554,369 — — — 554,369 Deferred income taxes 18,851 — 9,048 — 27,899 Pension and postretirement benefit liabilities 16,351 — 8,283 — 24,634 Other long-term liabilities 48,367 408 8,049 — 56,824 Intercompany payable 781,443 — 416,976 (1,198,419 ) — Shareholders’ equity 510,087 2,317,435 770,479 (3,087,914 ) 510,087 Total liabilities and shareholders’ equity $ 2,002,751 $ 2,352,682 $ 1,352,616 $ (4,286,333 ) $ 1,421,716 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 7,953 $ 71 $ 171,580 $ — $ 179,604 Accounts receivable, net 13,692 41,715 131,422 — 186,829 Inventories, net 19,897 44,283 66,576 — 130,756 Other current assets 7,754 3,858 33,851 — 45,463 Total current assets 49,296 89,927 403,429 — 542,652 Property, plant and equipment, net 5,927 23,511 84,577 — 114,015 Goodwill 38,847 200,499 279,930 — 519,276 Other intangibles, net 9,429 149,757 80,289 — 239,475 Investment in subsidiaries 1,915,367 578,423 465,736 (2,959,526 ) — Intercompany receivable — 1,159,672 — (1,159,672 ) — Other long-term assets 5,702 10 17,530 — 23,242 Total assets $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,529 $ 20,669 $ 82,853 $ — $ 115,051 Accrued compensation and benefits 17,506 5,754 23,641 — 46,901 Current maturities of debt and short-term borrowings 18,750 — — — 18,750 Income taxes payable 1,886 — 7,368 — 9,254 Other current liabilities 20,459 6,989 24,508 — 51,956 Total current liabilities 70,130 33,412 138,370 — 241,912 Long-term debt, net 561,681 — — — 561,681 Deferred income taxes 30,666 — 690 — 31,356 Pension and postretirement benefit liabilities 16,803 — 8,864 — 25,667 Other long-term liabilities 47,739 588 8,767 — 57,094 Intercompany payable 776,599 — 383,073 (1,159,672 ) — Shareholders’ equity 520,950 2,167,799 791,727 (2,959,526 ) 520,950 Total liabilities and shareholders’ equity $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities $ 61,002 $ 2,491 $ 3,736 $ (55,143 ) $ 12,085 Investing Activities Capital expenditures (861 ) (2,607 ) (1,671 ) — (5,139 ) Proceeds from sale of property, plant and equipment — 46 84 — 130 Cash used in investing activities (861 ) (2,561 ) (1,587 ) — (5,009 ) Financing Activities Principal repayments on term loan (3,750 ) — — — (3,750 ) Taxes paid related to the net share settlement of equity awards (223 ) — — — (223 ) Stock option exercises, related tax benefits and other 1,342 — — — 1,342 Cash dividend (2,358 ) — (55,143 ) 55,143 (2,358 ) Intercompany loan activity (53,734 ) — 53,734 — — Cash used in financing activities (58,723 ) — (1,409 ) 55,143 (4,989 ) Effect of exchange rate changes on cash — — (4,820 ) — (4,820 ) Net increase (decrease) in cash and cash equivalents 1,418 (71 ) (4,080 ) — (2,733 ) Cash and cash equivalents—beginning of period 7,953 71 171,580 — 179,604 Cash and cash equivalents—end of period $ 9,371 $ — $ 167,500 $ — $ 176,871 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash provided by (used in) operating activities $ 2,958 $ (8,504 ) $ 26,852 $ — $ 21,306 Investing Activities Capital expenditures (195 ) (1,091 ) (4,243 ) — (5,529 ) Proceeds from sale of property, plant and equipment 13 103 1,321 — 1,437 Business acquisitions, net of cash acquired — — (530 ) — (530 ) Cash used in investing activities (182 ) (988 ) (3,452 ) — (4,622 ) Financing Activities Net repayments on revolver and other debt — — (218 ) — (218 ) Purchase of treasury shares (4,682 ) — — — (4,682 ) Taxes paid related to the net share settlement of equity awards (937 ) — — — (937 ) Stock option exercises, related tax benefits and other 1,090 — — — 1,090 Cash dividend (2,376 ) — — — (2,376 ) Intercompany loan activity (1,984 ) 8,929 (6,945 ) — — Cash (used in) provided by financing activities (8,889 ) 8,929 (7,163 ) — (7,123 ) Effect of exchange rate changes on cash — — (6,462 ) — (6,462 ) Net (decrease) increase in cash and cash equivalents (6,113 ) (563 ) 9,775 — 3,099 Cash and cash equivalents—beginning of period 18,688 567 149,591 — 168,846 Cash and cash equivalents—end of period $ 12,575 $ 4 $ 159,366 $ — $ 171,945

Basis of Presentation Basis of

Basis of Presentation Basis of Presentation (Policies)	3 Months Ended
	Nov. 30, 2016
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, which includes amendments that require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. Under the new guidance, the recognition and measurement of debt issuance costs is not affected. This guidance was adopted on September 1, 2016. As a result of adoption, debt issuance costs of $3.9 million were reclassified from other long-term assets to long-term debt, net (contra liability) on the balance sheet as of August 31, 2016. In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , further clarifying that ASU 2015-03 relates only to the presentation of debt issuance costs related to term loans and does not relate to lines-of-credit or revolvers. As such, the debt issuance costs related to the Company's revolver remain classified in other long-term assets. In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments, which eliminates the requirement to retrospectively account for changes to provisional amounts initially recorded in a business acquisition opening balance sheet. This guidance was adopted on September 1, 2016. The adoption did not have a material impact on the financial statements of the Company. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory , which amends the existing guidance to prohibit immediate recognition of the current and deferred income tax impacts of intra-entity asset transfers. The ASU eliminates this prohibition for all intra-entity asset transfers, except inventory. This guidance was adopted, on a modified retrospective basis, at September 1, 2016. The adoption did not have a material impact on the cumulative retained earnings or on the current consolidated financial statements of the Company. In March 2016, the FASB issued ASU 2016-09, Stock Compensation: Improvements to Employee Share-Based Payment Accounting, which will simplify several aspects of accounting for share-based payment transactions. The guidance will require, among other items, that all excess tax deficiencies or benefits be recorded as income tax expense or benefit in the statement of earnings, and not in additional paid-in capital (shareholder's equity). This guidance is effective for fiscal years beginning after December 15, 2016 (fiscal 2018 for the Company), and interim periods within those annual periods. The Company is continuing to evaluate the impact of adopting this standard. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. Under ASU 2014-09 and subsequent updates included in ASU 2016-10 and ASU 2016-12, an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. It also requires more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. This guidance is effective for fiscal years beginning on or after December 15, 2017 (fiscal 2019 for the Company). The Company is continuing to evaluate the impact of adopting this standard. In February 2016, the FASB issued ASU 2016-02, Leases to increase transparency and comparability among organizations by recognizing all lease transactions (with terms in excess of 12 months) on the balance sheet as a lease liability and a right-of-use asset. This guidance is effective for fiscal years beginning after December 15, 2018 (fiscal 2020 of the Company), including interim periods within those fiscal years. Upon adoption, the lessee will apply the new standard retrospectively to all periods presented or retrospectively using a cumulative effect adjustment in the year of adoption. The Company is continuing to evaluate the impact of adopting this standard. In August 2016, the FASB issued ASU 2016‑15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments , to address how certain cash receipts and cash payments are presented and classified in the statement of cash flows. This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This guidance is effective for fiscal years beginning after December 15, 2017 (fiscal 2019 of the Company), including interim periods within those fiscal years. This update will require adoption on a retrospective basis unless it is impracticable to apply. The Company is continuing to evaluate the impact of adopting this standard.

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Nov. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The following rollforward summarizes current year restructuring reserve activity, by segment, for the three months ended November 30, 2016 and 2015 (in thousands): Three Months Ended November 30, 2016 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2016 $ 1,343 $ 3,021 $ 1,863 $ 46 $ 6,273 Restructuring charges 715 117 2,080 36 2,948 Cash payments (333 ) (558 ) (1,802 ) (36 ) (2,729 ) Other non-cash uses of reserve (166 ) (6 ) (3 ) (13 ) (188 ) Impact of changes in foreign currency rates (25 ) 10 (8 ) — (22 ) Balance as of November 30, 2016 $ 1,534 $ 2,584 $ 2,130 $ 33 $ 6,282 Three Months Ended November 30, 2015 Industrial Energy Engineered Solutions Corporate Total Balance as of August 31, 2015 $ — $ — $ — $ — $ — Restructuring charges 709 2,031 1,415 225 4,380 Cash payments (10 ) (37 ) (225 ) (51 ) (323 ) Other non-cash uses of reserve — — — — — Impact of changes in foreign currency rates — (45 ) — — (45 ) Balance as of November 30, 2015 $ 699 $ 1,949 $ 1,190 $ 174 $ 4,012

Acquisitions Acquisitions - Pro

Acquisitions Acquisitions - Pro Forma Results of Operations (Tables) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Net sales
Net sales, As reported	$ 265,793	$ 305,011
Net sales, Pro forma	265,793	315,894
Net earnings
Net earnings (loss), As reported	4,965	15,448
Net earnings (loss), Pro forma	$ 4,965	$ 16,840
Basic earnings per share
Basic earning (loss) per share, As reported	$ 0.08	$ 0.26
Basic earnings (loss) per share, Pro forma	0.08	0.28
Diluted earnings per share
Diluted earnings (loss) per share, As reported	0.08	0.26
Diluted earnings (loss) per share, Pro forma	$ 0.08	$ 0.28

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Nov. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying value of goodwill for the three months ended November 30, 2016 are as follows (in thousands): Industrial Energy Engineered Solutions Total Balance as of August 31, 2016 $ 101,739 $ 187,321 $ 230,216 $ 519,276 Purchase accounting adjustments — 2,286 — 2,286 Impact of changes in foreign currency rates (1,798 ) (4,450 ) (5,836 ) (12,084 ) Balance as of November 30, 2016 $ 99,941 $ 185,157 $ 224,380 $ 509,478
Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table	The gross carrying value and accumulated amortization of the Company’s other intangible assets are as follows (in thousands): November 30, 2016 August 31, 2016 Weighted Average Amortization Period (Years) Gross Carrying Value Accumulated Amortization Net Book Value Gross Carrying Value Accumulated Amortization Net Book Value Amortizable intangible assets: Customer relationships 15 $ 287,156 $ 167,320 $ 119,836 $ 292,671 $ 166,252 $ 126,419 Patents 11 29,987 22,634 7,353 30,296 22,233 8,063 Trademarks and tradenames 18 21,027 8,113 12,914 21,283 7,936 13,347 Other intangibles 3 6,498 5,864 634 6,627 5,890 737 Indefinite lived intangible assets: Tradenames N/A 89,795 — 89,795 90,909 — 90,909 $ 434,463 $ 203,931 $ 230,532 $ 441,786 $ 202,311 $ 239,475

Product Warranty Costs (Tables)

Product Warranty Costs (Tables)	3 Months Ended
	Nov. 30, 2016
Guarantees [Abstract]
Schedule of Product Warranty Liability	The following is a rollforward of the product warranty reserve for the three months ended November 30, 2016 and 2015 (in thousands): Three Months Ended November 30, 2016 2015 Beginning balance $ 5,592 $ 3,719 Provision for warranties 777 1,308 Warranty payments and costs incurred (2,309 ) (1,246 ) Impact of changes in foreign currency rates (105 ) (396 ) Ending balance $ 3,955 $ 3,385

Debt (Tables)

Debt (Tables)	3 Months Ended
	Nov. 30, 2016
Debt Disclosure [Abstract]
Long-Term Indebtedness	The following is a summary of the Company’s long-term indebtedness (in thousands): November 30, 2016 August 31, 2016 Senior Credit Facility Revolver ($600 million) $ — $ — Term Loan 292,500 296,250 Total Senior Credit Facility 292,500 296,250 5.625% Senior Notes 288,059 288,059 Total Senior Indebtedness 580,559 584,309 Less: Current maturities of long-term debt (22,500 ) (18,750 ) Debt issuance costs (1) (3,690 ) (3,878 ) Total long-term debt, net $ 554,369 $ 561,681

Derivatives Derivatives (Tables

Derivatives Derivatives (Tables)	3 Months Ended
	Nov. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments, Gain (Loss) [Table Text Block]	Net foreign currency losses related to these derivative instruments are as follows (in thousands): Three Months Ended November 30, 2016 2015 Foreign currency loss $ (1,491 ) $ (1,696 )

Capital Stock and Share Repur29

Capital Stock and Share Repurchase (Tables)	3 Months Ended
	Nov. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts): Three Months Ended November 30, 2016 2015 Numerator: Net earnings $ 4,965 $ 15,448 Denominator: Weighted average common shares outstanding - basic 58,972 59,187 Net effect of dilutive securities - stock based compensation plans 644 526 Weighted average common shares outstanding - diluted 59,616 59,713 Basic earnings per share $ 0.08 $ 0.26 Diluted earnings per share 0.08 0.26 Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) 1,963 3,031

Income Taxes Income Taxes (Tabl

Income Taxes Income Taxes (Tables)	3 Months Ended
	Nov. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax Effective Tax Rate [Table Text Block]	Three Months Ended November 30, 2016 2015 Earnings before income taxes $ 1,967 $ 17,635 Income tax (benefit) expense (2,998 ) 2,187 Effective income tax rate (152.4 )% 12.4 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Nov. 30, 2016
Segment Reporting [Abstract]
Summary of Financial Information by Reportable Segment and Product Line	The following tables summarize financial information by reportable segment and product line (in thousands): Three Months Ended November 30, 2016 2015 Net Sales by Reportable Product Line & Segment: Industrial Segment: Industrial Tools $ 79,039 $ 79,733 Integrated Solutions 8,251 9,137 87,290 88,870 Energy Segment: Energy Maintenance & Integrity 64,821 78,835 Other Energy Solutions 19,825 34,929 84,646 113,764 Engineered Solutions Segment: On-Highway 51,630 54,075 Agriculture, Off-Highway and Other 42,227 48,302 93,857 102,377 $ 265,793 $ 305,011 Operating Profit (Loss): Industrial $ 18,776 $ 20,554 Energy 3,210 10,094 Engineered Solutions 755 3,522 General Corporate (14,270 ) (8,799 ) $ 8,471 $ 25,371 November 30, 2016 August 31, 2016 Assets by Segment: Industrial $ 308,313 $ 308,222 Energy 511,555 479,169 Engineered Solutions 483,289 493,840 General Corporate 118,559 157,429 $ 1,421,716 $ 1,438,660

Guarantor Subsidiaries (Tables)

Guarantor Subsidiaries (Tables)	3 Months Ended
	Nov. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block]	CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 31,729 $ 84,276 $ 149,788 $ — $ 265,793 Cost of products sold 7,094 61,416 104,216 — 172,726 Gross profit 24,635 22,860 45,572 — 93,067 Selling, administrative and engineering expenses 17,967 16,636 33,999 — 68,602 Amortization of intangible assets 318 3,076 1,868 — 5,262 Restructuring charges 355 723 1,870 — 2,948 Director & officer transition charges 7,784 — — — 7,784 Operating (loss) profit (1,789 ) 2,425 7,835 — 8,471 Financing costs (income), net 7,326 — (194 ) — 7,132 Intercompany (income) expense, net (5,068 ) (1,086 ) 6,154 — — Intercompany dividends — (55,143 ) — 55,143 — Other expense (income), net 2,085 (70 ) (2,643 ) — (628 ) (Loss) earnings before income taxes (6,132 ) 58,724 4,518 (55,143 ) 1,967 Income tax benefit (2,714 ) (30 ) (254 ) — (2,998 ) Net (loss) earnings before equity in earnings of subsidiaries (3,418 ) 58,754 4,772 (55,143 ) 4,965 Equity in earnings of subsidiaries 8,383 5,625 3,130 (17,138 ) — Net earnings 4,965 64,379 7,902 (72,281 ) 4,965 Comprehensive (loss) income $ (21,157 ) $ 46,292 $ 631 $ (46,923 ) $ (21,157 ) CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (in thousands) Three Months Ended November 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Net sales $ 34,690 $ 100,941 $ 169,380 $ — $ 305,011 Cost of products sold 7,171 72,338 116,940 — 196,449 Gross profit 27,519 28,603 52,440 — 108,562 Selling, administrative and engineering expenses 19,760 18,530 34,621 — 72,911 Amortization of intangible assets 318 3,308 2,274 — 5,900 Restructuring charges 878 122 3,380 — 4,380 Operating profit 6,563 6,643 12,165 — 25,371 Financing costs (income), net 7,455 — (338 ) — 7,117 Intercompany (income) expense, net (5,829 ) (5,825 ) 11,654 — — Other expense, net 403 59 157 — 619 Earnings before income taxes 4,534 12,409 692 — 17,635 Income tax expense (benefit) 591 1,657 (61 ) — 2,187 Net earnings before equity in earnings of subsidiaries 3,943 10,752 753 — 15,448 Equity in earnings of subsidiaries 11,505 2,874 1,858 (16,237 ) — Net earnings 15,448 13,626 2,611 (16,237 ) 15,448 Comprehensive (loss) income $ (5,486 ) $ 1,403 $ (5,981 ) $ 4,578 $ (5,486 )
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 9,371 $ — $ 167,500 $ — $ 176,871 Accounts receivable, net 13,628 47,846 127,341 — 188,815 Inventories, net 20,606 44,651 69,807 — 135,064 Other current assets 9,068 2,721 36,309 — 48,098 Total current assets 52,673 95,218 400,957 — 548,848 Property, plant and equipment, net 6,190 24,740 79,612 — 110,542 Goodwill 38,847 200,499 270,132 — 509,478 Other intangibles, net 9,111 146,681 74,740 — 230,532 Investment in subsidiaries 1,886,508 687,115 514,291 (3,087,914 ) — Intercompany receivable — 1,198,419 — (1,198,419 ) — Other long-term assets 9,422 10 12,884 — 22,316 Total assets $ 2,002,751 $ 2,352,682 $ 1,352,616 $ (4,286,333 ) $ 1,421,716 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,647 $ 22,390 $ 85,629 $ — $ 119,666 Accrued compensation and benefits 13,509 5,497 24,226 — 43,232 Current maturities of debt and short-term borrowings 22,500 — — — 22,500 Income taxes payable 2,935 — 2,993 — 5,928 Other current liabilities 22,692 6,952 26,933 — 56,577 Total current liabilities 73,283 34,839 139,781 — 247,903 Long-term debt, net 554,369 — — — 554,369 Deferred income taxes 18,851 — 9,048 — 27,899 Pension and postretirement benefit liabilities 16,351 — 8,283 — 24,634 Other long-term liabilities 48,367 408 8,049 — 56,824 Intercompany payable 781,443 — 416,976 (1,198,419 ) — Shareholders’ equity 510,087 2,317,435 770,479 (3,087,914 ) 510,087 Total liabilities and shareholders’ equity $ 2,002,751 $ 2,352,682 $ 1,352,616 $ (4,286,333 ) $ 1,421,716 CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands) August 31, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated ASSETS Current assets Cash and cash equivalents $ 7,953 $ 71 $ 171,580 $ — $ 179,604 Accounts receivable, net 13,692 41,715 131,422 — 186,829 Inventories, net 19,897 44,283 66,576 — 130,756 Other current assets 7,754 3,858 33,851 — 45,463 Total current assets 49,296 89,927 403,429 — 542,652 Property, plant and equipment, net 5,927 23,511 84,577 — 114,015 Goodwill 38,847 200,499 279,930 — 519,276 Other intangibles, net 9,429 149,757 80,289 — 239,475 Investment in subsidiaries 1,915,367 578,423 465,736 (2,959,526 ) — Intercompany receivable — 1,159,672 — (1,159,672 ) — Other long-term assets 5,702 10 17,530 — 23,242 Total assets $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660 LIABILITIES & SHAREHOLDERS' EQUITY Current liabilities Trade accounts payable $ 11,529 $ 20,669 $ 82,853 $ — $ 115,051 Accrued compensation and benefits 17,506 5,754 23,641 — 46,901 Current maturities of debt and short-term borrowings 18,750 — — — 18,750 Income taxes payable 1,886 — 7,368 — 9,254 Other current liabilities 20,459 6,989 24,508 — 51,956 Total current liabilities 70,130 33,412 138,370 — 241,912 Long-term debt, net 561,681 — — — 561,681 Deferred income taxes 30,666 — 690 — 31,356 Pension and postretirement benefit liabilities 16,803 — 8,864 — 25,667 Other long-term liabilities 47,739 588 8,767 — 57,094 Intercompany payable 776,599 — 383,073 (1,159,672 ) — Shareholders’ equity 520,950 2,167,799 791,727 (2,959,526 ) 520,950 Total liabilities and shareholders’ equity $ 2,024,568 $ 2,201,799 $ 1,331,491 $ (4,119,198 ) $ 1,438,660
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2016 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Cash provided by operating activities $ 61,002 $ 2,491 $ 3,736 $ (55,143 ) $ 12,085 Investing Activities Capital expenditures (861 ) (2,607 ) (1,671 ) — (5,139 ) Proceeds from sale of property, plant and equipment — 46 84 — 130 Cash used in investing activities (861 ) (2,561 ) (1,587 ) — (5,009 ) Financing Activities Principal repayments on term loan (3,750 ) — — — (3,750 ) Taxes paid related to the net share settlement of equity awards (223 ) — — — (223 ) Stock option exercises, related tax benefits and other 1,342 — — — 1,342 Cash dividend (2,358 ) — (55,143 ) 55,143 (2,358 ) Intercompany loan activity (53,734 ) — 53,734 — — Cash used in financing activities (58,723 ) — (1,409 ) 55,143 (4,989 ) Effect of exchange rate changes on cash — — (4,820 ) — (4,820 ) Net increase (decrease) in cash and cash equivalents 1,418 (71 ) (4,080 ) — (2,733 ) Cash and cash equivalents—beginning of period 7,953 71 171,580 — 179,604 Cash and cash equivalents—end of period $ 9,371 $ — $ 167,500 $ — $ 176,871 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands) Three Months Ended November 30, 2015 Parent Guarantors Non-Guarantors Eliminations Consolidated Operating Activities Net cash provided by (used in) operating activities $ 2,958 $ (8,504 ) $ 26,852 $ — $ 21,306 Investing Activities Capital expenditures (195 ) (1,091 ) (4,243 ) — (5,529 ) Proceeds from sale of property, plant and equipment 13 103 1,321 — 1,437 Business acquisitions, net of cash acquired — — (530 ) — (530 ) Cash used in investing activities (182 ) (988 ) (3,452 ) — (4,622 ) Financing Activities Net repayments on revolver and other debt — — (218 ) — (218 ) Purchase of treasury shares (4,682 ) — — — (4,682 ) Taxes paid related to the net share settlement of equity awards (937 ) — — — (937 ) Stock option exercises, related tax benefits and other 1,090 — — — 1,090 Cash dividend (2,376 ) — — — (2,376 ) Intercompany loan activity (1,984 ) 8,929 (6,945 ) — — Cash (used in) provided by financing activities (8,889 ) 8,929 (7,163 ) — (7,123 ) Effect of exchange rate changes on cash — — (6,462 ) — (6,462 ) Net (decrease) increase in cash and cash equivalents (6,113 ) (563 ) 9,775 — 3,099 Cash and cash equivalents—beginning of period 18,688 567 149,591 — 168,846 Cash and cash equivalents—end of period $ 12,575 $ 4 $ 159,366 $ — $ 171,945

Basis of Presentation Basis o33

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

Director & Officer Transition34

Director & Officer Transition Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Compensation Related Costs [Abstract]
Director & officer transition charges	$ 7,784	$ 0

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2015	$ 6,273	$ 0
Restructuring Charges	2,948	4,380
Cash payments	(2,729)	(323)
Other non-cash uses of reserve	(188)	0
Impact of changes in foreign currency rates	(22)	(45)
Ending Balance	6,282	4,012
Industrial
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2015	1,343	0
Restructuring Charges	715	709
Cash payments	(333)	(10)
Other non-cash uses of reserve	(166)	0
Impact of changes in foreign currency rates	(25)	0
Ending Balance	1,534	699
Energy
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2015	3,021	0
Restructuring Charges	117	2,031
Cash payments	(558)	(37)
Other non-cash uses of reserve	(6)	0
Impact of changes in foreign currency rates	10	(45)
Ending Balance	2,584	1,949
Engineered Solutions
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2015	1,863	0
Restructuring Charges	2,080	1,415
Cash payments	(1,802)	(225)
Other non-cash uses of reserve	(3)	0
Impact of changes in foreign currency rates	(8)	0
Ending Balance	2,130	1,190
General Corporate
Restructuring Reserve [Roll Forward]
Balance as of August 31, 2015	46	0
Restructuring Charges	36	225
Cash payments	(36)	(51)
Other non-cash uses of reserve	(13)	0
Impact of changes in foreign currency rates	0	0
Ending Balance	$ 33	$ 174

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details) $ in Thousands	Mar. 31, 2016USD ($)	Feb. 18, 2016USD ($)	Nov. 30, 2016USD ($)	Nov. 30, 2015USD ($)	Aug. 31, 2016acquisition	Mar. 30, 2016USD ($)	Feb. 17, 2016USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired | acquisition					2
Payments to Acquire Businesses, Net of Cash Acquired			$ 0	$ 530
Goodwill, Purchase Accounting Adjustments			2,286
Business Combination, Acquisition Related Costs			211	700
Net sales			265,793	$ 305,011
Larzep
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition		Feb. 17, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							$ 4,777
Business acquisitions		$ 9,726
Payments to Acquire Businesses, Net of Cash Acquired		$ 15,900
Net sales			1,600
Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Mar. 30, 2016
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 8,740
Business acquisitions	$ 38,500
Payments to Acquire Businesses, Net of Cash Acquired	65,500
Goodwill, Purchase Accounting Adjustments	$ 2,300
Net sales			7,700
Fiscal 2016 acquisitions [Member]
Business Acquisition [Line Items]
Net sales			$ 9,300
Tradenames | Larzep
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							1,200
Customer relationships | Larzep
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							$ 3,600
Customer relationships | Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						8,000
Noncompete Agreements [Member] | Pipeline and Process Services [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill						$ 740

Divestiture Activities (Details

Divestiture Activities (Details) - Sanlo [Member] - USD ($) $ in Thousands	Aug. 25, 2016	Nov. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Date	Aug. 25, 2016
Proceeds from Divestiture of Businesses	$ 9,700
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	5,092
Disposal Group, Not Discontinued Operations, Gain (Loss) on Disposal - net of tax	$ (1,558)
Disposal Group, Not Discontinued Operation, annual revenue		$ 2,984
Disposal Group, Not Discontinued Operating, net earnings		$ 91

Changes in Carrying Value of Go

Changes in Carrying Value of Goodwill (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	$ 2,286
Balance as of August 31, 2016	519,276
Impact of changes in foreign currency rates	(12,084)
Balance as of November 30, 2016	509,478
Industrial
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	0
Balance as of August 31, 2016	101,739
Impact of changes in foreign currency rates	(1,798)
Balance as of November 30, 2016	99,941
Energy
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	2,286
Balance as of August 31, 2016	187,321
Impact of changes in foreign currency rates	(4,450)
Balance as of November 30, 2016	185,157
Engineered Solutions
Goodwill [Roll Forward]
Goodwill, Purchase Accounting Adjustments	0
Balance as of August 31, 2016	230,216
Impact of changes in foreign currency rates	(5,836)
Balance as of November 30, 2016	$ 224,380

Gross Carrying Amount and Accum

Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Aug. 31, 2016
Indefinite And Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 203,931	$ 202,311
Other intangibles, gross	434,463	441,786
Other intangibles, net	230,532	239,475
Tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 89,795	90,909
Customer relationships
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	15 years
Gross Carrying Value	$ 287,156	292,671
Accumulated Amortization	167,320	166,252
Net Book Value	$ 119,836	126,419
Patents
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	11 years
Gross Carrying Value	$ 29,987	30,296
Accumulated Amortization	22,634	22,233
Net Book Value	$ 7,353	8,063
Trademarks and tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	18 years
Gross Carrying Value	$ 21,027	21,283
Accumulated Amortization	8,113	7,936
Net Book Value	$ 12,914	13,347
Other intangibles
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	3 years
Gross Carrying Value	$ 6,498	6,627
Accumulated Amortization	5,864	5,890
Net Book Value	$ 634	$ 737

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Impaired Assets [Line Items]
Goodwill	$ 509,478	$ 519,276
Future Amortization Expense, Remainder of 2016	14,700
Future Amortization Expense, 2017	19,400
Future Amortization Expense, 2018	19,200
Future Amortization Expense, 2019	18,600
Future Amortization Expense, 2020	17,500
Future Amortization Expense, 2021	15,800
Future Amortization Expense, Thereafter	$ 35,500

Rollforward of Accrued Product

Rollforward of Accrued Product Warranty Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 5,592	$ 3,719
Provision for warranties	777	1,308
Warranty payments and costs incurred	(2,309)	(1,246)
Impact of changes in foreign currency rates	(105)	(396)
Ending balance	$ 3,955	$ 3,385

Long-Term Indebtedness (Details

Long-Term Indebtedness (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016
Debt Instrument [Line Items]
Total Senior Indebtedness	$ 580,559	$ 584,309
Less: Current maturities of long-term debt	(22,500)	(18,750)
Deferred Finance Costs, Own-share Lending Arrangement, Issuance Costs, Net	(3,690)
Total long-term debt, less current maturities	554,369	561,681
Line of Credit
Debt Instrument [Line Items]
Total Senior Indebtedness	292,500	296,250
Line of Credit | Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Total Senior Indebtedness	0	0
Line of Credit | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Total Senior Indebtedness	292,500	296,250
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Senior Notes, Noncurrent	$ 288,059	$ 288,059

Debt - Additional Information (

Debt - Additional Information (Details)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Apr. 16, 2012USD ($)	Nov. 30, 2016USD ($)
Debt Instrument [Line Items]
Senior credit facility expansion option, available				$ 450,000,000
Debt Instrument, actual interest rate				2.50%
Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				2.00%
Revolving Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				May 8, 2020
Maximum borrowing capacity				$ 600,000,000
Line of Credit | Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Unused credit line				594,800,000
Unused credit line Available for Borrowing, Amount				$ 131,200,000
Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Maturity Date				Jun. 15, 2022
Debt Instrument, Face Amount			$ 300,000,000
Debt instrument, interest rate			5.625%
Minimum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.15%
Interest coverage ratio				3.5
Minimum | Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				1.00%
Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				0.00%
Minimum | Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage			100.00%
Maximum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage				0.35%
Leverage ratio				3.75
Maximum | Libor Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				2.25%
Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, interest rate over variable rate				1.25%
Maximum | Senior Notes | 5.625% Senior Notes
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage			102.80%
Starting on June 30, 2016 | Scenario, Actual [Member] | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan		$ 3,750,000
Starting on June 30, 2017 | Scenario, Forecast | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Quarterly installments, payable on term loan	$ 7,500,000

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Details) - USD ($) $ in Millions	Nov. 30, 2016	Aug. 31, 2016
Senior Notes | 5.625% Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of long-term debt	$ 296	$ 299.6

Derivatives Narrative (Details)

Derivatives Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015	Aug. 31, 2016
Derivative [Line Items]
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives and Not Designated as Hedging Instruments at Fair Value	$ (1,491)	$ (1,696)
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 29,200		$ 143,400

Capital Stock and Share Repur46

Capital Stock and Share Repurchase Share Repurchase (Details) - USD ($) $ in Millions	Nov. 30, 2016	Aug. 31, 2016
Equity [Abstract]
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	7,560,566
Treasury Stock, Shares	20,439,434	20,439,434
Stock Repurchase Program, Authorized Amount	$ 617.7

Capital Stock (Details)

Capital Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Earnings Per Share [Abstract]
Net earnings	$ 4,965	$ 15,448
Weighted average common shares outstanding - basic	58,972	59,187
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	644	526
Diluted	59,616	59,713
Basic	$ 0.08	$ 0.26
Diluted	$ 0.08	$ 0.26
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	1,963	3,031

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Income Tax Disclosure Additional Details [Table] [Line Items]
Earnings before income taxes	$ 1,967	$ 17,635
Income tax (benefit) expense	$ 2,900
Effective Tax Rate	(152.40%)	12.40%
Document Period End Date	Nov. 30, 2016
Foreign Destination [Member]
Income Tax Disclosure Additional Details [Table] [Line Items]
Percent of Revenue (excluding impairment charge) from foreign jurisdictions	80.00%	75.00%

Summary of Financial Informatio

Summary of Financial Information by Reportable Segment and Product Line (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Nov. 30, 2016USD ($)	Nov. 30, 2015USD ($)	May 31, 2016Segment	Aug. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment			3
Net sales	$ 265,793	$ 305,011
Operating profit (Loss)	8,471	25,371
Assets	1,421,716			$ 1,438,660
Industrial
Segment Reporting Information [Line Items]
Net sales	87,290	88,870
Operating profit (Loss)	18,776	20,554
Assets	308,313			308,222
Industrial Tools
Segment Reporting Information [Line Items]
Net sales	79,039	79,733
Integrated Solutions
Segment Reporting Information [Line Items]
Net sales	8,251	9,137
Energy
Segment Reporting Information [Line Items]
Net sales	84,646	113,764
Operating profit (Loss)	3,210	10,094
Assets	511,555			479,169
Energy Maintenance & Integrity
Segment Reporting Information [Line Items]
Net sales	64,821	78,835
Other Energy Solutions [Member]
Segment Reporting Information [Line Items]
Net sales	19,825	34,929
Engineered Solutions
Segment Reporting Information [Line Items]
Net sales	93,857	102,377
Operating profit (Loss)	755	3,522
Assets	483,289			493,840
On-Highway
Segment Reporting Information [Line Items]
Net sales	51,630	54,075
Agriculture, Off-Highway and Other
Segment Reporting Information [Line Items]
Net sales	42,227	48,302
General Corporate
Segment Reporting Information [Line Items]
Operating profit (Loss)	(14,270)	$ (8,799)
Assets	$ 118,559			$ 157,429

Contingencies and Litigation -

Contingencies and Litigation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Nov. 30, 2016	Aug. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 15.5	$ 17.8
Document Period End Date	Nov. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discounted present value of future minimum lease payments	$ 14.6
Electrical [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discounted present value of future minimum lease payments	$ 11.6

Guarantor Subsidiaries - Additi

Guarantor Subsidiaries - Additional Information (Details) - 5.625% Senior Notes - Senior Notes - USD ($)	Nov. 30, 2016	Aug. 31, 2016	Apr. 16, 2012
Guarantor Obligations [Line Items]
Debt Instrument, Face Amount			$ 300,000,000
Senior Notes, Noncurrent	$ 288,059,000	$ 288,059,000
Debt instrument, interest rate			5.625%

Condensed Consolidating Stateme

Condensed Consolidating Statements of Earnings and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 265,793	$ 305,011
Cost of products sold	172,726	196,449
Gross profit	93,067	108,562
Selling, administrative and engineering expenses	68,602	72,911
Amortization of intangible assets	5,262	5,900
Restructuring Charges	2,948	4,380
Director & officer transition charges	7,784	0
Operating profit	8,471	25,371
Financing costs, net	7,132	7,117
Intercompany (income) expense, net	0	0
Intercompany dividend income	0
Other (income) expense, net	(628)	619
Earnings before income taxes	1,967	17,635
Income tax (benefit) expense	(2,998)	2,187
Net (loss) earnings before equity in earnings of subsidiaries	4,965	15,448
Equity in earnings of subsidiaries	0	0
Net earnings	4,965	15,448
Comprehensive loss	(21,157)	(5,486)
Reportable Legal Entities | Parent
Condensed Financial Statements, Captions [Line Items]
Net sales	31,729	34,690
Cost of products sold	7,094	7,171
Gross profit	24,635	27,519
Selling, administrative and engineering expenses	17,967	19,760
Amortization of intangible assets	318	318
Restructuring Charges	355	878
Director & officer transition charges	7,784
Operating profit	(1,789)	6,563
Financing costs, net	7,326	7,455
Intercompany (income) expense, net	(5,068)	(5,829)
Intercompany dividend income	0
Other (income) expense, net	2,085	403
Earnings before income taxes	(6,132)	4,534
Income tax (benefit) expense	(2,714)	591
Net (loss) earnings before equity in earnings of subsidiaries	(3,418)	3,943
Equity in earnings of subsidiaries	8,383	11,505
Net earnings	4,965	15,448
Comprehensive loss	(21,157)	(5,486)
Reportable Legal Entities | Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	84,276	100,941
Cost of products sold	61,416	72,338
Gross profit	22,860	28,603
Selling, administrative and engineering expenses	16,636	18,530
Amortization of intangible assets	3,076	3,308
Restructuring Charges	723	122
Director & officer transition charges	0
Operating profit	2,425	6,643
Financing costs, net	0	0
Intercompany (income) expense, net	(1,086)	(5,825)
Intercompany dividend income	(55,143)
Other (income) expense, net	(70)	59
Earnings before income taxes	58,724	12,409
Income tax (benefit) expense	(30)	1,657
Net (loss) earnings before equity in earnings of subsidiaries	58,754	10,752
Equity in earnings of subsidiaries	5,625	2,874
Net earnings	64,379	13,626
Comprehensive loss	46,292	1,403
Reportable Legal Entities | Non-Guarantors
Condensed Financial Statements, Captions [Line Items]
Net sales	149,788	169,380
Cost of products sold	104,216	116,940
Gross profit	45,572	52,440
Selling, administrative and engineering expenses	33,999	34,621
Amortization of intangible assets	1,868	2,274
Restructuring Charges	1,870	3,380
Director & officer transition charges	0
Operating profit	7,835	12,165
Financing costs, net	(194)	(338)
Intercompany (income) expense, net	6,154	11,654
Intercompany dividend income	0
Other (income) expense, net	(2,643)	157
Earnings before income taxes	4,518	692
Income tax (benefit) expense	(254)	(61)
Net (loss) earnings before equity in earnings of subsidiaries	4,772	753
Equity in earnings of subsidiaries	3,130	1,858
Net earnings	7,902	2,611
Comprehensive loss	631	(5,981)
Eliminations
Condensed Financial Statements, Captions [Line Items]
Net sales	0	0
Cost of products sold	0	0
Gross profit	0	0
Selling, administrative and engineering expenses	0	0
Amortization of intangible assets	0	0
Restructuring Charges	0	0
Director & officer transition charges	0
Operating profit	0	0
Financing costs, net	0	0
Intercompany (income) expense, net	0	0
Intercompany dividend income	55,143
Other (income) expense, net	0	0
Earnings before income taxes	(55,143)	0
Income tax (benefit) expense	0	0
Net (loss) earnings before equity in earnings of subsidiaries	(55,143)	0
Equity in earnings of subsidiaries	(17,138)	(16,237)
Net earnings	(72,281)	(16,237)
Comprehensive loss	$ (46,923)	$ 4,578

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Nov. 30, 2016	Aug. 31, 2016	Nov. 30, 2015	Aug. 31, 2015
Current assets
Cash and cash equivalents	$ 176,871	$ 179,604	$ 171,945	$ 168,846
Accounts receivable, net	188,815	186,829
Inventories, net	135,064	130,756
Other current assets	48,098	45,463
Total current assets	548,848	542,652
Property, plant and equipment, net	110,542	114,015
Goodwill	509,478	519,276
Other intangibles, net	230,532	239,475
Investment in subsidiaries	0	0
Intercompany receivable	0	0
Other long-term assets	22,316	23,242
Total assets	1,421,716	1,438,660
Current liabilities
Trade accounts payable	119,666	115,051
Accrued compensation and benefits	43,232	46,901
Current maturities of debt and short-term borrowings	22,500	18,750
Income taxes payable	5,928	9,254
Other current liabilities	56,577	51,956
Total current liabilities	247,903	241,912
Long-term debt, less current maturities	554,369	561,681
Deferred income taxes	27,899	31,356
Pension and postretirement benefit liabilities	24,634	25,667
Other long-term liabilities	56,824	57,094
Intercompany payable	0	0
Shareholders’ equity	510,087	520,950
Total liabilities and shareholders’ equity	1,421,716	1,438,660
Reportable Legal Entities | Parent
Current assets
Cash and cash equivalents	9,371	7,953	12,575	18,688
Accounts receivable, net	13,628	13,692
Inventories, net	20,606	19,897
Other current assets	9,068	7,754
Total current assets	52,673	49,296
Property, plant and equipment, net	6,190	5,927
Goodwill	38,847	38,847
Other intangibles, net	9,111	9,429
Investment in subsidiaries	1,886,508	1,915,367
Intercompany receivable	0	0
Other long-term assets	9,422	5,702
Total assets	2,002,751	2,024,568
Current liabilities
Trade accounts payable	11,647	11,529
Accrued compensation and benefits	13,509	17,506
Current maturities of debt and short-term borrowings	22,500	18,750
Income taxes payable	2,935	1,886
Other current liabilities	22,692	20,459
Total current liabilities	73,283	70,130
Long-term debt, less current maturities	554,369	561,681
Deferred income taxes	18,851	30,666
Pension and postretirement benefit liabilities	16,351	16,803
Other long-term liabilities	48,367	47,739
Intercompany payable	781,443	776,599
Shareholders’ equity	510,087	520,950
Total liabilities and shareholders’ equity	2,002,751	2,024,568
Reportable Legal Entities | Guarantors
Current assets
Cash and cash equivalents	0	71	4	567
Accounts receivable, net	47,846	41,715
Inventories, net	44,651	44,283
Other current assets	2,721	3,858
Total current assets	95,218	89,927
Property, plant and equipment, net	24,740	23,511
Goodwill	200,499	200,499
Other intangibles, net	146,681	149,757
Investment in subsidiaries	687,115	578,423
Intercompany receivable	1,198,419	1,159,672
Other long-term assets	10	10
Total assets	2,352,682	2,201,799
Current liabilities
Trade accounts payable	22,390	20,669
Accrued compensation and benefits	5,497	5,754
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	0
Other current liabilities	6,952	6,989
Total current liabilities	34,839	33,412
Long-term debt, less current maturities	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0
Other long-term liabilities	408	588
Intercompany payable	0	0
Shareholders’ equity	2,317,435	2,167,799
Total liabilities and shareholders’ equity	2,352,682	2,201,799
Reportable Legal Entities | Non-Guarantors
Current assets
Cash and cash equivalents	167,500	171,580	159,366	149,591
Accounts receivable, net	127,341	131,422
Inventories, net	69,807	66,576
Other current assets	36,309	33,851
Total current assets	400,957	403,429
Property, plant and equipment, net	79,612	84,577
Goodwill	270,132	279,930
Other intangibles, net	74,740	80,289
Investment in subsidiaries	514,291	465,736
Intercompany receivable	0	0
Other long-term assets	12,884	17,530
Total assets	1,352,616	1,331,491
Current liabilities
Trade accounts payable	85,629	82,853
Accrued compensation and benefits	24,226	23,641
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	2,993	7,368
Other current liabilities	26,933	24,508
Total current liabilities	139,781	138,370
Long-term debt, less current maturities	0	0
Deferred income taxes	9,048	690
Pension and postretirement benefit liabilities	8,283	8,864
Other long-term liabilities	8,049	8,767
Intercompany payable	416,976	383,073
Shareholders’ equity	770,479	791,727
Total liabilities and shareholders’ equity	1,352,616	1,331,491
Eliminations
Current assets
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, net	0	0
Inventories, net	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Goodwill	0
Other intangibles, net	0	0
Investment in subsidiaries	(3,087,914)	(2,959,526)
Intercompany receivable	(1,198,419)	(1,159,672)
Other long-term assets	0	0
Total assets	(4,286,333)	(4,119,198)
Current liabilities
Trade accounts payable	0	0
Accrued compensation and benefits	0	0
Current maturities of debt and short-term borrowings	0	0
Income taxes payable	0	0
Other current liabilities	0	0
Total current liabilities	0	0
Long-term debt, less current maturities	0	0
Deferred income taxes	0	0
Pension and postretirement benefit liabilities	0
Other long-term liabilities	0	0
Intercompany payable	(1,198,419)	(1,159,672)
Shareholders’ equity	(3,087,914)	(2,959,526)
Total liabilities and shareholders’ equity	$ (4,286,333)	$ (4,119,198)

Condensed Consolidating State54

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2016	Nov. 30, 2015
Operating Activities
Cash provided by operating activities	$ 12,085	$ 21,306
Investing Activities
Proceeds from sale of property, plant and equipment	(5,139)	(5,529)
Proceeds from sale of property, plant and equipment	130	1,437
Business acquisitions, net of cash acquired	0	(530)
Cash used in investing activities	(5,009)	(4,622)
Financing Activities
Net borrowings (repayment) on debt	(3,750)	(218)
Purchase of treasury shares	0	(4,682)
Taxes paid related to the net share settlement of equity awards	(223)	(937)
Stock option exercises, related tax benefits and other	1,342	1,090
Cash dividend	(2,358)	(2,376)
Intercompany Loan Activity	0	0
Cash used in financing activities	(4,989)	(7,123)
Effect of exchange rate changes on cash	(4,820)	(6,462)
Net (decrease) increase in cash and cash equivalents	(2,733)	3,099
Cash and cash equivalents – beginning of period	179,604	168,846
Cash and cash equivalents – end of period	176,871	171,945
Senior Credit Facility - Term Loan
Financing Activities
Stock option exercises, related tax benefits and other		1,090
Cash dividend		(2,376)
Line of Credit | Senior Credit Facility - Revolver
Financing Activities
Net borrowings (repayment) on debt	0	(218)
Line of Credit | Senior Credit Facility - Term Loan
Financing Activities
Net borrowings (repayment) on debt	(3,750)	0
Reportable Legal Entities | Parent
Operating Activities
Cash provided by operating activities	61,002	2,958
Investing Activities
Proceeds from sale of property, plant and equipment	(861)	(195)
Proceeds from sale of property, plant and equipment	0	13
Business acquisitions, net of cash acquired		0
Cash used in investing activities	(861)	(182)
Financing Activities
Net borrowings (repayment) on debt	(3,750)	0
Purchase of treasury shares		(4,682)
Taxes paid related to the net share settlement of equity awards	(223)	(937)
Stock option exercises, related tax benefits and other	1,342	1,090
Cash dividend	(2,358)	(2,376)
Intercompany Loan Activity	(53,734)	(1,984)
Cash used in financing activities	(58,723)	(8,889)
Effect of exchange rate changes on cash	0	0
Net (decrease) increase in cash and cash equivalents	1,418	(6,113)
Cash and cash equivalents – beginning of period	7,953	18,688
Cash and cash equivalents – end of period	9,371	12,575
Reportable Legal Entities | Guarantors
Operating Activities
Cash provided by operating activities	2,491	(8,504)
Investing Activities
Proceeds from sale of property, plant and equipment	(2,607)	(1,091)
Proceeds from sale of property, plant and equipment	46	103
Business acquisitions, net of cash acquired		0
Cash used in investing activities	(2,561)	(988)
Financing Activities
Net borrowings (repayment) on debt	0	0
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	0	0
Intercompany Loan Activity	0	8,929
Cash used in financing activities	0	8,929
Effect of exchange rate changes on cash	0	0
Net (decrease) increase in cash and cash equivalents	(71)	(563)
Cash and cash equivalents – beginning of period	71	567
Cash and cash equivalents – end of period	0	4
Reportable Legal Entities | Non-Guarantors
Operating Activities
Cash provided by operating activities	3,736	26,852
Investing Activities
Proceeds from sale of property, plant and equipment	(1,671)	(4,243)
Proceeds from sale of property, plant and equipment	84	1,321
Business acquisitions, net of cash acquired		(530)
Cash used in investing activities	(1,587)	(3,452)
Financing Activities
Net borrowings (repayment) on debt	0	(218)
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	(55,143)	0
Intercompany Loan Activity	53,734	(6,945)
Cash used in financing activities	(1,409)	(7,163)
Effect of exchange rate changes on cash	(4,820)	(6,462)
Net (decrease) increase in cash and cash equivalents	(4,080)	9,775
Cash and cash equivalents – beginning of period	171,580	149,591
Cash and cash equivalents – end of period	167,500	159,366
Eliminations
Operating Activities
Cash provided by operating activities	(55,143)	0
Investing Activities
Proceeds from sale of property, plant and equipment	0	0
Proceeds from sale of property, plant and equipment	0	0
Business acquisitions, net of cash acquired		0
Cash used in investing activities	0	0
Financing Activities
Net borrowings (repayment) on debt	0	0
Purchase of treasury shares		0
Taxes paid related to the net share settlement of equity awards	0	0
Stock option exercises, related tax benefits and other	0	0
Cash dividend	55,143	0
Intercompany Loan Activity	0	0
Cash used in financing activities	55,143	0
Effect of exchange rate changes on cash	0	0
Net (decrease) increase in cash and cash equivalents	0	0
Cash and cash equivalents – beginning of period	0	0
Cash and cash equivalents – end of period	$ 0	$ 0