Chase (CCF) 10-Q 9 Jan 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Nov. 30, 2014	Dec. 31, 2014
Document and Entity Information
Entity Registrant Name	CHASE CORP
Entity Central Index Key	830524
Document Type	10-Q
Document Period End Date	30-Nov-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-23
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		9,129,427
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Nov. 30, 2014	Aug. 31, 2014
In Thousands, unless otherwise specified
Current Assets
Cash and Cash Equivalents, at Carrying Value	$53,131	$53,222
Accounts receivable, less allowance for doubtful accounts of $721 and $670	34,632	35,601
Inventories	32,632	31,539
Prepaid expenses and other current assets	2,698	2,437
Due From Sale of Product Line	739	739
Deferred income taxes	2,315	2,315
Total current assets	126,147	125,853
Property, plant and equipment, net	43,018	44,085
Other Assets
Goodwill	37,948	38,280
Intangible assets, less accumulated amortization of $23,575 and $22,941	25,737	27,215
Cash surrender value of life insurance	7,256	7,249
Restricted investments	1,300	1,256
Funded pension plan	953	962
Deferred income taxes	443	470
Other assets	165	175
Total assets	242,967	245,545
Current Liabilities
Accounts payable	13,850	15,121
Accrued payroll and other compensation	2,701	7,754
Accrued expenses	6,062	4,842
Accrued income taxes	1,016	1,377
Dividends payable	5,477
Current portion of long-term debt	7,350	7,000
Total current liabilities	36,456	36,094
Long-term debt, less current portion	49,700	51,800
Deferred compensation	2,061	2,037
Accumulated pension obligation	10,489	10,418
Other liabilities	115	126
Deferred income taxes	7,578	7,580
Commitments and Contingencies (Note 10)
Equity
First Serial Preferred Stock, $1.00 par value: Authorized 100,000 shares; none issued
Common stock, $.10 par value: Authorized 20,000,000 shares; 9,129,427 shares at November 30, 2014 and 9,103,292 shares at August 31, 2014 issued and outstanding	913	910
Additional paid-in capital	14,174	13,620
Accumulated other comprehensive loss	-6,219	-4,250
Retained earnings	127,700	126,272
Chase Corporation stockholders' equity	136,568	136,552
Noncontrolling interest		938
Total equity	136,568	137,490
Total liabilities and equity	$242,967	$245,545

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Nov. 30, 2014	Aug. 31, 2014
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$721	$670
Intangible assets, accumulated amortization (in dollars)	$23,575	$22,941
First Serial Preferred Stock, par value (in dollars per share)	$1	$1
First Serial Preferred Stock, Authorized shares	100,000	100,000
First Serial Preferred Stock, issued shares	0	0
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, Authorized shares	20,000,000	20,000,000
Common stock, shares issued	9,129,427	9,103,292
Common stock, shares outstanding	9,129,427	9,103,292

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
Revenues
Sales	$55,290	$53,655
Royalties and commissions	643	528
Total revenues	55,933	54,183
Costs and Expenses
Cost of products and services sold	34,480	35,478
Selling, general and administrative expenses	10,795	10,439
Operating income	10,658	8,266
Interest expense	-274	-303
Gain on sale of product line (Note 8)		5,706
Other (expense) income	385	-105
Income before income taxes	10,769	13,564
Income taxes	3,769	4,747
Net income	7,000	8,817
Add: net loss attributable to non-controlling interest	-95	-42
Net income attributable to Chase Corporation	$6,905	$8,775
Net income available to common shareholders, per common and common equivalent share
Basic (in dollars per share)	$0.76	$0.96
Diluted (in dollars per share)	$0.74	$0.94
Weighted average shares outstanding
Basic (in shares)	9,050,048	8,938,149
Diluted (in shares)	9,221,796	9,149,677
Cash dividend paid (in dollars per share)	$0.60	$0.45

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$7,000	$8,817
Other comprehensive income:
Net unrealized gain on restricted investments, net of tax	13	71
Change in funded status of pension plans, net of tax	110	48
Foreign currency translation adjustment	-2,092	1,578
Total other comprehensive income (loss)	-1,969	1,697
Comprehensive income	5,031	10,514
Comprehensive loss attributable to non-controlling interest	-95	-42
Comprehensive income attributable to Chase Corporation	$4,936	$10,472

CONSOLIDATED_STATEMENTS_OF_EQU

CONSOLIDATED STATEMENTS OF EQUITY (USD $)	Chase Stockholders' Equity	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (loss)	Retained Earnings	Non-controlling Interest	Total
In Thousands, except Share data, unless otherwise specified
Balance at Aug. 31, 2014	$136,552	$910	$13,620	($4,250)	$126,272	$938	$137,490
Balance (in shares) at Aug. 31, 2014		9,103,292
Increase (Decrease) in Stockholders' Equity
Restricted stock grants, net of forfeitures		1	-1
Restricted stock grants, net of forfeitures (in shares)		8,424
Amortization of restricted stock grants	232	1	231				232
Amortization of stock option grants	64		64				64
Exercise of stock options	1,075	7	1,068				1,075
Exercise of stock options (in shares)		65,000
Common stock received for payment of stock option exercises	-1,075	-4	-1,071				-1,075
Common stock received for payment of stock option exercises (in shares)		-30,795
Excess tax benefit (expense) from stock based compensation	304		304				304
Common stock retained to pay statutory minimum withholding taxes on common stock	-576	-2	-574				-576
Common stock retained to pay statutory minimum withholding taxes on common stock (in shares)		-16,494
Cash dividend accrued, $0.60 per share	-5,477				-5,477		-5,477
Purchase of outstanding non-controlling interest	533		533			-1,033	-500
Change in funded status of pension plan, net of tax of $59	110			110			110
Foreign currency translation adjustment	-2,092			-2,092			-2,092
Net unrealized gain on restricted investments, net of tax of $7	13			13			13
Net income	6,905				6,905	95	7,000
Balance at Nov. 30, 2014	$136,568	$913	$14,174	($6,219)	$127,700		$136,568
Balance (in shares) at Nov. 30, 2014		9,129,427

CONSOLIDATED_STATEMENTS_OF_EQU1

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Nov. 30, 2014
CONSOLIDATED STATEMENT OF EQUITY
Cash dividends declared per share (in dollars per share)	$0.60
Change in funded status of pension plan, tax	$59
Net unrealized gain on restricted investments, tax	$7

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$7,000	$8,817
Adjustments to reconcile net income to net cash provided by operating activities
(Gain) loss on disposal/sale of fixed assets		-6
Gain on sale of product line		-5,706
Depreciation	1,417	1,426
Amortization	1,183	1,194
Provision (recovery) for allowance for doubtful accounts	68	-38
Stock based compensation	296	329
Realized gain on restricted investments	-1	-5
Increase (decrease) in cash surrender value life insurance	45	30
Excess tax (expense) benefit from stock based compensation	-304
Increase (decrease) from changes in assets and liabilities
Accounts receivable	507	1,619
Inventories	-1,366	-4,032
Prepaid expenses & other assets	-307	-2,112
Accounts payable	-1,074	3,074
Accrued compensation and other expenses	-3,527	-4,522
Accrued income taxes	-28	1,792
Deferred compensation	24	123
Net cash provided by operating activities	3,933	1,983
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	-592	-781
Cost to acquire intangible assets	-3	-22
Proceeds from sale of fixed assets		11
Net proceeds from sale of discontinued operations		6,655
Contributions from restricted investments, net	-23	-21
Payments for cash surrender value life insurance	-46	-46
Net cash used in investing activities	-664	5,796
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of principal on debt	-1,750	-1,400
Payments of statutory minimum taxes on stock options and restricted stock	-576
Excess tax (expense) benefit from stock based compensation	304
Payment for acquisition of non-controlling interest	-500
Net cash used in financing activities	-2,522	-1,400
INCREASE (DECREASE) IN CASH & CASH EQUIVALENTS	747	6,379
Effect of foreign exchange rates on cash	-838	552
CASH & CASH EQUIVALENTS, BEGINNING OF PERIOD	53,222	29,997
CASH & CASH EQUIVALENTS, END OF PERIOD	53,131	36,928
Non-cash Investing and Financing Activities
Property, plant & equipment additions included in accounts payable	16	90
Annual cash dividend declared	$5,477	$4,093

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Nov. 30, 2014
Basis of Presentation
Basis of Presentation
	Note 1 — Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial reporting and instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Therefore, they do not include all information and footnote disclosure necessary for a complete presentation of Chase Corporation’s financial position, results of operations and cash flows, in conformity with generally accepted accounting principles.  Chase Corporation (the “Company,” “Chase,” “we,” or “us”) filed audited consolidated financial statements, which included all information and notes necessary for such presentation for the three years ended August 31, 2014 in conjunction with its 2014 Annual Report on Form 10-K.  Certain immaterial reclassifications have been made to the prior year amounts to conform to the current year’s presentation.
	The results of operations for the interim periods ended November 30, 2014 are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.  These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended August 31, 2014, which are contained in the Company’s 2014 Annual Report on Form 10-K.
	The accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal recurring items) which are, in the opinion of management, necessary for a fair statement of the Company’s financial position as of November 30, 2014, the results of operations, comprehensive income and cash flows for the interim periods ended November 30, 2014 and 2013, and changes in equity for the interim period ended November 30, 2014.
	The financial statements include the accounts of the Company and its wholly-owned subsidiaries.  All intercompany transactions and balances have been eliminated in consolidation.  The Company uses the US dollar as the reporting currency for financial reporting.  The financial position and results of operations of the Company’s UK based operations are measured using the UK pound sterling as the functional currency and the financial position and results of operations of the Company’s operations based in France are measured using the euro as the functional currency.  Foreign currency translation gains and losses are determined using current exchange rates for monetary items and historical exchange rates for other balance sheet items and are recorded as a change in other comprehensive income.  Transaction gains and losses generated from the remeasurement of assets and liabilities denominated in currencies other than the functional currency of our foreign operations are included in Other (expense) / income on the consolidated statements of operations.
	On October 31, 2014, the Company purchased the 50% non-controlling membership interest of NEPTCO JV LLC (the “JV”) owned by its now-former joint venture partner, an otherwise unrelated party. Because of the Company’s controlling financial interest, the JV’s assets, liabilities and results of operations have been consolidated within the Company’s consolidated financial statements since June 27, 2012, the date the Company acquired NEPTCO. The Company will continue to fully consolidate the assets, liabilities and results of operations of the JV, but will no longer record an offsetting amount for a non-controlling interest subsequent to October 31, 2014. The ($95) recorded in the Consolidated Statement of Operations as Net (gain) loss attributable to non-controlling interest, represents the now-former joint venture partner’s share of the results of operations of the JV for the period from September 1, 2014 through October 31, 2014.
	The Company has evaluated events and transactions subsequent to the balance sheet date.  Based on this evaluation, the Company is not aware of any events or transactions that occurred subsequent to the balance sheet date but prior to filing that would require recognition or disclosure in its consolidated financial statements.

Recent_Accounting_Policies

Recent Accounting Policies	3 Months Ended
	Nov. 30, 2014
Recent Accounting Policies
Recent Accounting Policies
	Note 2 — Recent Accounting Policies
	Recently Adopted Accounting Pronouncements
	In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers”, which will replace most of the existing revenue recognition guidance under U.S. Generally Accepted Accounting Principles. The core principle of the ASU is that an entity should recognize revenue for the transfer of goods or services equal to the amount that it expects to be entitled to receive for those goods or services. The ASU requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments. The ASU will be effective for the Company beginning September 1, 2017 (fiscal 2018), including interim periods in its fiscal year 2018, and allows for both retrospective and prospective methods of adoption. The Company is in the process of determining the method of adoption and assessing the impact of this ASU on the Company’s consolidated financial position, results of operations or cash flows.

Inventories

Inventories	3 Months Ended
	Nov. 30, 2014
Inventories
Inventories
	Note 3 — Inventories
	Inventories consist of the following as of November 30, 2014 and August 31, 2014:
		November 30, 2014		August 31, 2014
	Raw materials	$	12,889	$	13,785
	Work in process	7,904		7,359
	Finished goods	11,839		10,395
	Total Inventories	$	32,632	$	31,539

Net_Income_Per_Share

Net Income Per Share	3 Months Ended
	Nov. 30, 2014
Net Income Per Share
Net Income Per Share
	Note 4 — Net Income Per Share
	The Company has unvested share-based payment awards with a right to receive nonforfeitable dividends which are considered participating securities under ASC Topic 260, “Earnings Per Share”.  The Company allocates earnings to participating securities and computes earnings per share using the two class method.  The determination of earnings per share under the two-class method is as follows:
		Three Months Ended November 30,
		2014		2013
	Basic Earnings per Share
	Net income attributable to Chase Corporation	$	6,905	$	8,775
	Less: Allocated to participating securities	52		151
	Net income available to common shareholders	$	6,853	$	8,624
	Basic weighted average shares outstanding	9,050,048		8,938,149
	Net income per share - Basic	$	0.76	$	0.96
	Diluted Earnings per Share
	Net income attributable to Chase Corporation	$	6,905	$	8,775
	Less: Allocated to participating securities	51		148
	Net income available to common shareholders	$	6,854	$	8,627
	Basic weighted average shares outstanding	9,050,048		8,938,149
	Additional dilutive common stock equivalents	171,748		211,528
	Diluted weighted average shares outstanding	9,221,796		9,149,677
	Net income per share - Diluted	$	0.74	$	0.94
	For the three months ended November 30, 2014, stock options to purchase 32,974 shares of common stock were outstanding, but were not included in the calculation of diluted income per share because their inclusion would be anti-dilutive.  There were no anti-dilutive shares for the three months ended November 30, 2013. Included in the calculation of dilutive common stock equivalents are the unvested portion of restricted stock and stock options.

Stock_Based_Compensation

Stock Based Compensation	3 Months Ended
	Nov. 30, 2014
Stock Based Compensation
Stock Based Compensation
	Note 5 — Stock Based Compensation
	In September 2013, the Board of Directors of the Company approved the fiscal year 2014 Long Term Incentive Plan (“2014 LTIP”) for the executive officers and other members of management.  The 2014 LTIP is an equity based plan with a grant date of September 1, 2013 and contains a performance and service based restricted stock grant of 7,529 shares in the aggregate, subject to adjustment, with a vesting date of August 31, 2016.  Based on the fiscal year 2014 financial results, 5,485 additional shares of restricted stock (total of 13,014 shares) were earned and granted subsequent to the end of fiscal year 2014 in accordance with the performance measurement criteria.  No further performance-based measurements apply to this award.  Compensation expense is being recognized on a ratable basis over the vesting period.
	In August 2014, the Board of Directors of the Company approved the fiscal year 2015 Long Term Incentive Plan (“2015 LTIP”) for the executive officers and other members of management.  The 2015 LTIP is an equity based plan with a grant date of September 1, 2014 and contains the following equity components:
	Restricted Shares — (a) performance and service based restricted stock grant of 6,993 shares in the aggregate, subject to adjustment, with a vesting date of August 31, 2017.  Compensation expense is recognized on a ratable basis over the vesting period based on quarterly probability assessments for those with a vesting date of August 31, 2017; (b) time-based restricted stock grant of 8,132 shares in the aggregate, with a vesting date of August 31, 2017.  Compensation expense is recognized on a ratable basis over the vesting period.
	Stock options — options to purchase 22,750 shares of common stock in the aggregate with an exercise price of $35.50 per share.  The options will vest in three equal annual installments beginning on August 31, 2015 and ending on August 31, 2017. Of the options granted, 7,438 will expire on August 31, 2024 and 15,312 will expire on September 1, 2024.  Compensation expense is recognized over the period of the award on an annual basis consistent with the vesting terms.

Segment_Data_and_Foreign_Opera

Segment Data and Foreign Operations	3 Months Ended
	Nov. 30, 2014
Segment Data and Foreign Operations
Segment Data and Foreign Operations
	Note 6 — Segment Data and Foreign Operations
	The Company is organized into two operating segments, an Industrial Materials segment and a Construction Materials segment.  The segments are distinguished by the nature of the products and how they are delivered to their respective markets.
	The Industrial Materials segment reflects specified products that are used in, or integrated into, another company’s product with demand typically dependent upon general economic conditions.  Industrial Materials products include insulating and conducting materials for wire and cable manufacturers, moisture protective coatings for electronics and printing services, laminated durable papers, laminates for the packaging and industrial laminate markets, pulling and detection tapes used in the installation, measurement and location of fiber optic cables, water and natural gas lines, cover tapes essential to delivering semiconductor components via tape and reel packaging, and wind energy composite materials and elements.  Additionally, the Industrial Materials segment includes glass-based strength elements products, designed to allow fiber optic cables to withstand mechanical and environmental strain and stress, which operated as a joint venture prior to the Company’s purchase of its now-former joint venture partner’s 50% non-controlling interest on October 31, 2014.
	The Construction Materials segment comprises of typically project-oriented product offerings that are primarily sold and used as “Chase” branded products.   Construction Materials products include protective coatings for pipeline applications, coating and lining systems for use in liquid storage and containment applications, adhesives and sealants used in architectural and building envelope water proofing applications, high performance polymeric asphalt additives, and expansion and control joint systems for use in the transportation and architectural markets.
	The following tables summarize financial information about the Company’s reportable segments:
			Three Months Ended November 30,
			2014			2013
	Revenues from external customers
	Industrial Materials		$	42,395		$	41,670
	Construction Materials		13,538			12,513
	Total		$	55,933		$	54,183
	Income before income taxes
	Industrial Materials		$	12,615		$	16,742	(a), (b)
	Construction Materials		3,873			2,437		(a)
	Total for reportable segments		16,488			19,179
	Corporate and Common Costs		(5,719		)	(5,615		)(a)
	Total		$	10,769		$	13,564
	Includes the following costs by segment:
	Industrial Materials
	Interest		$	230		$	240
	Depreciation		977			1,046
	Amortization		770			761
	Construction Materials
	Interest		$	44		$	46
	Depreciation		289			246
	Amortization		413			432
		(a)		Includes the reclassification of $3,135 and $846 of Selling, general and administrative expense from Industrial Materials and Construction Materials segments, respectively, into Corporate and Common Costs for the first fiscal quarter of 2014. The reclassification reflects the methodology with which the Company internally reviews expenses in the current year
		(b)		Includes $5,706 gain on sale of Insulfab product line, for the quarter ended November 30, 2013
	The Company’s products are sold world-wide.  For the three months ended November 30, 2014 and 2013, sales from its operations located in the United Kingdom accounted for 11% and 8% of consolidated revenues, respectively.  No other foreign geographic area accounted for more than 10% of consolidated revenues for the three months ended November 30, 2014 or 2013.
			November 30, 2014			August 31, 2014
	Total assets
	Industrial Materials		$	125,131		$	127,820
	Construction Materials		49,988			50,972
	Total for reportable segments		175,119			178,792
	Corporate and Common Assets		67,848			66,753
	Total		$	242,967		$	245,545
	As of November 30, 2014 and August 31, 2014, the Company had long-lived assets (defined as tangible assets providing the Company with a future economic benefit beyond the current year or operating period, including buildings, equipment and leasehold improvements) of $4,074 and $4,349, respectively, located in the United Kingdom.  These balances exclude goodwill and intangibles associated with the United Kingdom operations of $9,090 and $9,924, as of November 30, 2014 and August 31, 2014, respectively.

Goodwill_and_Other_Intangibles

Goodwill and Other Intangibles	3 Months Ended
	Nov. 30, 2014
Goodwill and Other Intangibles
Goodwill and Intangible Assets	Note 7 — Goodwill and Other Intangibles
	The changes in the carrying value of goodwill, by reportable segment, are as follows:
		Construction			Industrial			Consolidated
		Materials			Materials
	Balance at August 31, 2014	$	10,752		$	27,528		$	38,280
	Foreign currency translation adjustment	(15		)	(317		)	(332		)
	Balance at November 30, 2014	$	10,737		$	27,211		$	37,948
	The Company’s goodwill is allocated to each reporting unit based on the nature of the products manufactured by the respective business combinations that originally created the goodwill.  The Company identified several reporting units within each of its two operating segments that are used to evaluate the possible impairment of goodwill.  Goodwill impairment exists when the carrying amount of goodwill exceeds its fair value.  Assessments of possible impairment of goodwill are made when events or changes in circumstances indicate that the carrying value of the asset may not be recoverable through future operations.  Additionally, testing for possible impairment of recorded goodwill and certain intangible asset balances is required annually.  The amount and timing of any impairment charges based on these assessments require the estimation of future cash flows and the fair market value of the related assets based on management’s best estimates of certain key factors, including future selling prices and volumes, operating, raw material and energy costs, and various other projected operating and economic factors.  When testing, fair values of the reporting units and the related implied fair values of their respective goodwill are established using public company analysis and discounted cash flows. The Company evaluates the possible impairment of goodwill annually each fourth quarter and whenever events or circumstances indicate the carrying value of goodwill may not be recoverable.
	Intangible assets subject to amortization consist of the following as of November 30, 2014 and August 31, 2014:
		Weighted-Average		Gross Carrying			Accumulated			Net Carrying
		Amortization Period		Value			Amortization			Value
	November 30, 2014
	Patents and agreements	12.0 years		$	3,095		$	2,270		$	825
	Formulas	9.1 years		5,779			2,934			2,845
	Trade names	5.7 years		6,350			3,348			3,002
	Customer lists and relationships	10.2 years		34,088			15,023			19,065
				$	49,312		$	23,575		$	25,737
	August 31, 2014
	Patents and agreements	11.9 years		$	3,104		$	2,281		$	823
	Formulas	9.1 years		5,849			2,851			2,998
	Trade names	5.7 years		6,406			3,153			3,253
	Customer lists and relationships	10.2 years		34,797			14,656			20,141
				$	50,156		$	22,941		$	27,215
	Aggregate amortization expense related to intangible assets for the three months ended November 30, 2014 and 2013 was $1,183 and $1,194, respectively.  Estimated amortization expense for the remainder of fiscal year 2015 and for each of the five succeeding fiscal years is as follows:
	Years ending August 31,
	2015 (remaining 9 months)	$	3,520
	2016	4,675
	2017	4,238
	2018	4,007
	2019	3,309
	2020	2,440
		$	22,189

Sale_of_Insulfab_Product_Line

Sale of Insulfab Product Line	3 Months Ended
	Nov. 30, 2014
Sale of Insulfab Product Line
Sale of Insulfab Product Line
	Note 8 — Sale of Insulfab Product Line
	On October 7, 2013, the Company sold substantially all of its property and assets, including intellectual property, comprising the Insulfab® product line, to an unrelated third party (“Buyer”).  The Insulfab product line is primarily focused on manufacturing high quality, engineered barrier laminates used in aerospace applications.  The sale proceeds of $7,394 were subject to certain post-closing adjustments based on the change in the final net book value compared to the bid date net book value.  In the quarter ending November 30, 2013, management determined these post-closing adjustments resulted in an increase in the sale proceeds of $2,516 based on the increase of inventory sold to the Buyer at closing.  This adjustment was settled and paid by the Buyer to the Company in the quarter ending February 28, 2014, net of amounts held in escrow.  The net proceeds from the sale are available for debt reduction, investment in the Company’s core businesses and future acquisitions.
	This transaction resulted in a pre-tax book gain of $5,706 ($3,709 after-tax gain) which was recorded in the quarter ending November 30, 2013.  The portion of the sale price held in escrow of $739 is recorded as a current asset (Due from sale of product line) as of both November 30, 2014 and August 31, 2014, and is available to resolve any submitted claims or adjustments up to 18 months from the closing date of the Insulfab sale.

Joint_Venture

Joint Venture	3 Months Ended
	Nov. 30, 2014
Joint Venture
Joint Venture
	Note 9 — Joint Venture
	On October 31, 2014, the Company purchased the 50% non-controlling membership interest of NEPTCO JV LLC (the “JV”) owned by its now-former joint venture partner, an otherwise unrelated party. The purchase consideration is subject to certain contingent adjustments based on certain future events related to the JV. The purchase price, including these contingent adjustments are not, nor will be, material to the Company. Because of the Company’s controlling financial interest, the JV’s assets, liabilities and results of operations have been consolidated within the Company’s consolidated financial statements since June 27, 2012, the date the Company acquired NEPTCO. The Company will continue to fully consolidate the assets, liabilities and results of operations of the JV, but will no longer record an offsetting amount for a non-controlling interest. The ($95) recorded in the Consolidated Statement of Operations as Net (gain) loss attributable to non-controlling interest, represents the now-former joint venture partner’s share of the results of operations of the JV for the period from September 1, 2014 through October 31, 2014.
	The JV was originally formed in 2003 by NEPTCO and a joint venture partner, an otherwise unrelated party (collectively, the “members”), whereby each member’s fiber optic strength elements businesses were combined. This venture, which was 50% owned by each member, was managed and operated on a day-to-day basis by NEPTCO. The JV operates out of the Company’s Granite Falls, NC facility.
	The Company accounted for the joint venture partner’s non-controlling interest in the JV under ASC Topic 810 “Consolidations” (“ASC 810”). Based on the criteria in ASC 810, the Company had determined that the JV qualified as a variable interest entity (“VIE”). Because of the Company’s controlling financial interest, the JV’s assets and liabilities and results of operations have been consolidated within the Company’s consolidated financial statements since June 27, 2012, the date the Company acquired NEPTCO. Prior to the Company’s October 2014 acquisition of the 50% outstanding non-controlling membership interest in NEPTCO JV LLC, an offsetting amount equal to 50% of net assets and net income (loss) of the JV was recorded within the Company’s consolidated financial statements to the non-controlling interest, representing the joint venture partner’s 50% ownership interest and pro rata share in the JV.
	Under the JV agreement, which terminated with the Company’s October 2014 acquisition of the 50% outstanding non-controlling membership interest in NEPTCO JV LLC, the JV had agreed to purchase a minimum of 80% of its total glass fiber requirements from the other joint venture partner. Additionally, the JV agreed to purchase private-label products exclusively from an affiliate of the other joint venture partner; however, the JV was not subject to a minimum purchase requirement on private-label products. Purchases from the joint venture partner totaled $332 and $467 for the period from September 1, 2014 through October 31, 2014 and the three months ended November 30, 2013, respectively. The JV had amounts due to the other joint venture partner of $219 and $394 at November 30, 2014 and August 31, 2014, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Nov. 30, 2014
Commitments and Contingencies
Commitments and Contingencies
	Note 10 — Commitments and Contingencies
	The Company is involved from time to time in litigation incidental to the conduct of its business. Although the Company does not expect that the outcome in any of these matters, individually or collectively, will have a material adverse effect on its financial condition, results of operations or cashflows, litigation is inherently unpredictable. Therefore, judgments could be rendered or settlements entered, that could adversely affect the Company’s operating results or cash flows in a particular period. The Company routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where the Company assesses the likelihood of loss as probable.

Pensions_and_Other_Post_Retire

Pensions and Other Post Retirement Benefits	3 Months Ended
	Nov. 30, 2014
Pensions and Other Post Retirement Benefits
Benefits and Pension Plans
	Note 11 — Pensions and Other Post Retirement Benefits
	The components of net periodic benefit cost for the three months ended November 30, 2014 and 2013 are as follows:
		Three Months Ended November 30,
		2014			2013
	Service cost	$	91		$	81
	Interest cost	170			161
	Expected return on plan assets	(153		)	(178		)
	Amortization of prior service cost	1			1
	Amortization of unrecognized loss	167			73
	Curtailment loss	—			—
	Settlement loss	—			—
	Net periodic benefit cost	$	276		$	138
	When funding is required, the Company’s policy is to contribute amounts that are deductible for federal income tax purposes.  As of November 30, 2014, the Company has made contributions of $16 in the current fiscal year to fund its obligations under its pension plan and will make the necessary contributions over the remainder of fiscal 2015 to ensure the qualified plan continues to be adequately funded given the current market conditions. The Company made contributions of $200 in the first quarter of the prior year.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Nov. 30, 2014
Fair Value Measurements
Fair Value Measurements
	Note 12 — Fair Value Measurements
	The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The Company uses a three-tier fair value hierarchy, which classifies the inputs used in measuring fair values. These tiers include: Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.
	The Company utilizes the best available information in measuring fair value.  Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.  The financial assets classified as Level 1 and Level 2 as of November 30, 2014 and August 31, 2014 represent investments that are restricted for use in a nonqualified retirement savings plan for certain key employees and directors.
	The following table sets forth the Company’s financial assets that were accounted for at fair value on a recurring basis as of November 30, 2014 and August 31, 2014:
					Fair value measurement category
		Fair value	Total		Quoted prices		Significant other		Significant
		measurement date			in active		observable inputs		unobservable
					markets		(Level 2)		inputs
					(Level 1)				(Level 3)
	Assets:
	Restricted investments	November 30, 2014	$	1,300	$	1,270	$	30	$	—
	Restricted investments	August 31, 2014	$	1,256	$	1,216	$	40	$	—
	The following table presents the fair value of the Company’s long-term debt as of November 30, 2014 and August 31, 2014, which is recorded at its carrying value:
					Fair value measurement category
		Fair value	Total		Quoted prices		Significant other		Significant
		measurement date			in active		observable inputs		unobservable
					markets		(Level 2)		inputs
					(Level 1)				(Level 3)
	Liabilities:
	Long-term debt	November 30, 2014	$	57,050	$	—	$	57,050	$	—
	Long-term debt	August 31, 2014	$	58,800	$	—	$	58,800	$	—
	The carrying value of the long-term debt approximates its fair value, as the monthly interest rate is set based on the movement of the underlying market rates.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Nov. 30, 2014
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	Note 13 — Accumulated Other Comprehensive Income
	The changes in accumulated other comprehensive income (loss), net of tax, were as follows:
			Restricted			Change in Funded			Foreign Currency			Total
			Investments			Status of Pension			Translation
						Plan			Adjustment
	Balance at August 31, 2014		$	209		$	(4,785	)	$	326		$	(4,250	)
	Other comprehensive gains (losses) before reclassifications (1)		14			—			(2,092		)	(2,078		)
	Reclassifications to net income of previously deferred (gains) losses (2)		(1		)	110			—			109
	Other comprehensive income (loss)		13			110			(2,092		)	(1,969		)
	Balance at November 30, 2014		$	221		$	(4,675	)	$	(1,766	)	$	(6,219	)
	Note: Accumulated other comprehensive income amounts may not sum for the quarter end due to rounding.
		-1		Net of tax benefit of $8, $0, $0, respectively.
		-2		Net of tax expense of $1, tax benefit of $59, $0, respectively.
	The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the unaudited condensed consolidated statements of income:
			Amount of Gain (Loss) Reclassified from
			Accumulated Other Comprehensive Income
			(Loss) into Income
			Three Months Ended November 30,						Location of Gain (Loss) Reclassified from Accumulated
			2014			2013			Other Comprehensive Income (Loss) into Income
	Gains on Restricted Investments:
	Realized gain on sale of restricted investments		$	1		$	5		Selling, general and administrative expenses
	Tax expense (benefit)		0			2
	Gain net of tax		$	1		$	3
	Loss on Funded Pension Plan adjustments:
	Realized loss on amortization of prior pension service costs and unrecognized losses		$	(5	)	$	(20	)	Cost of products and services sold
	Realized loss on amortization of prior pension service costs and unrecognized losses		(164		)	(54		)	Selling, general and administrative expenses
	Tax expense (benefit)		59			26
	(Loss) net of tax		$	(110	)	$	(48	)
	Total net (loss) reclassified for the period		$	(109	)	$	(45	)

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Nov. 30, 2014
Inventories
Schedule of inventories
		November 30, 2014		August 31, 2014
	Raw materials	$	12,889	$	13,785
	Work in process	7,904		7,359
	Finished goods	11,839		10,395
	Total Inventories	$	32,632	$	31,539

Net_Income_Per_Share_Tables

Net Income Per Share (Tables)	3 Months Ended
	Nov. 30, 2014
Net Income Per Share
Schedule of determination of earnings per share under the two-class method
		Three Months Ended November 30,
		2014		2013
	Basic Earnings per Share
	Net income attributable to Chase Corporation	$	6,905	$	8,775
	Less: Allocated to participating securities	52		151
	Net income available to common shareholders	$	6,853	$	8,624
	Basic weighted average shares outstanding	9,050,048		8,938,149
	Net income per share - Basic	$	0.76	$	0.96
	Diluted Earnings per Share
	Net income attributable to Chase Corporation	$	6,905	$	8,775
	Less: Allocated to participating securities	51		148
	Net income available to common shareholders	$	6,854	$	8,627
	Basic weighted average shares outstanding	9,050,048		8,938,149
	Additional dilutive common stock equivalents	171,748		211,528
	Diluted weighted average shares outstanding	9,221,796		9,149,677
	Net income per share - Diluted	$	0.74	$	0.94

Segment_Data_and_Foreign_Opera1

Segment Data and Foreign Operations (Tables)	3 Months Ended
	Nov. 30, 2014
Segment Data and Foreign Operations
Summary of information about the Company's segments
			Three Months Ended November 30,
			2014			2013
	Revenues from external customers
	Industrial Materials		$	42,395		$	41,670
	Construction Materials		13,538			12,513
	Total		$	55,933		$	54,183
	Income before income taxes
	Industrial Materials		$	12,615		$	16,742	(a), (b)
	Construction Materials		3,873			2,437		(a)
	Total for reportable segments		16,488			19,179
	Corporate and Common Costs		(5,719		)	(5,615		)(a)
	Total		$	10,769		$	13,564
	Includes the following costs by segment:
	Industrial Materials
	Interest		$	230		$	240
	Depreciation		977			1,046
	Amortization		770			761
	Construction Materials
	Interest		$	44		$	46
	Depreciation		289			246
	Amortization		413			432
		(a)		Includes the reclassification of $3,135 and $846 of Selling, general and administrative expense from Industrial Materials and Construction Materials segments, respectively, into Corporate and Common Costs for the first fiscal quarter of 2014. The reclassification reflects the methodology with which the Company internally reviews expenses in the current year
		(b)		Includes $5,706 gain on sale of Insulfab product line, for the quarter ended November 30, 2013
Schedule of total assets for the Company's reportable segments
			November 30, 2014			August 31, 2014
	Total assets
	Industrial Materials		$	125,131		$	127,820
	Construction Materials		49,988			50,972
	Total for reportable segments		175,119			178,792
	Corporate and Common Assets		67,848			66,753
	Total		$	242,967		$	245,545

Goodwill_and_Other_Intangibles1

Goodwill and Other Intangibles (Tables)	3 Months Ended
	Nov. 30, 2014
Goodwill and Other Intangibles
Schedule of changes in the carrying value of goodwill by operating segment
		Construction			Industrial			Consolidated
		Materials			Materials
	Balance at August 31, 2014	$	10,752		$	27,528		$	38,280
	Foreign currency translation adjustment	(15		)	(317		)	(332		)
	Balance at November 30, 2014	$	10,737		$	27,211		$	37,948
Schedule of intangible assets subject to amortization
		Weighted-Average		Gross Carrying			Accumulated			Net Carrying
		Amortization Period		Value			Amortization			Value
	November 30, 2014
	Patents and agreements	12.0 years		$	3,095		$	2,270		$	825
	Formulas	9.1 years		5,779			2,934			2,845
	Trade names	5.7 years		6,350			3,348			3,002
	Customer lists and relationships	10.2 years		34,088			15,023			19,065
				$	49,312		$	23,575		$	25,737
	August 31, 2014
	Patents and agreements	11.9 years		$	3,104		$	2,281		$	823
	Formulas	9.1 years		5,849			2,851			2,998
	Trade names	5.7 years		6,406			3,153			3,253
	Customer lists and relationships	10.2 years		34,797			14,656			20,141
				$	50,156		$	22,941		$	27,215
Schedule of estimated amortization expense related to intangible assets
	Years ending August 31,
	2015 (remaining 9 months)	$	3,520
	2016	4,675
	2017	4,238
	2018	4,007
	2019	3,309
	2020	2,440
		$	22,189

Pensions_and_Other_Post_Retire1

Pensions and Other Post Retirement Benefits (Tables)	3 Months Ended
	Nov. 30, 2014
Pensions and Other Post Retirement Benefits
Schedule of components of net periodic benefit cost
		Three Months Ended November 30,
		2014			2013
	Service cost	$	91		$	81
	Interest cost	170			161
	Expected return on plan assets	(153		)	(178		)
	Amortization of prior service cost	1			1
	Amortization of unrecognized loss	167			73
	Curtailment loss	—			—
	Settlement loss	—			—
	Net periodic benefit cost	$	276		$	138

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Nov. 30, 2014
Fair Value Measurements
Schedule of financial assets that were accounted for at fair value on a recurring basis
					Fair value measurement category
		Fair value	Total		Quoted prices		Significant other		Significant
		measurement date			in active		observable inputs		unobservable
					markets		(Level 2)		inputs
					(Level 1)				(Level 3)
	Assets:
	Restricted investments	November 30, 2014	$	1,300	$	1,270	$	30	$	—
	Restricted investments	August 31, 2014	$	1,256	$	1,216	$	40	$	—
Schedule of fair values of the Company's long-term debt
					Fair value measurement category
		Fair value	Total		Quoted prices		Significant other		Significant
		measurement date			in active		observable inputs		unobservable
					markets		(Level 2)		inputs
					(Level 1)				(Level 3)
	Liabilities:
	Long-term debt	November 30, 2014	$	57,050	$	—	$	57,050	$	—
	Long-term debt	August 31, 2014	$	58,800	$	—	$	58,800	$	—

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Nov. 30, 2014
Accumulated Other Comprehensive Income
Schedule of components of accumulated other comprehensive income (loss)
			Restricted			Change in Funded			Foreign Currency			Total
			Investments			Status of Pension			Translation
						Plan			Adjustment
	Balance at August 31, 2014		$	209		$	(4,785	)	$	326		$	(4,250	)
	Other comprehensive gains (losses) before reclassifications (1)		14			—			(2,092		)	(2,078		)
	Reclassifications to net income of previously deferred (gains) losses (2)		(1		)	110			—			109
	Other comprehensive income (loss)		13			110			(2,092		)	(1,969		)
	Balance at November 30, 2014		$	221		$	(4,675	)	$	(1,766	)	$	(6,219	)
	Note: Accumulated other comprehensive income amounts may not sum for the quarter end due to rounding.
		-1		Net of tax benefit of $8, $0, $0, respectively.
		-2		Net of tax expense of $1, tax benefit of $59, $0, respectively.
Summary of the reclassifications from accumulated other comprehensive income (loss) to the unaudited condensed consolidated statements of income
			Amount of Gain (Loss) Reclassified from
			Accumulated Other Comprehensive Income
			(Loss) into Income
			Three Months Ended November 30,						Location of Gain (Loss) Reclassified from Accumulated
			2014			2013			Other Comprehensive Income (Loss) into Income
	Gains on Restricted Investments:
	Realized gain on sale of restricted investments		$	1		$	5		Selling, general and administrative expenses
	Tax expense (benefit)		0			2
	Gain net of tax		$	1		$	3
	Loss on Funded Pension Plan adjustments:
	Realized loss on amortization of prior pension service costs and unrecognized losses		$	(5	)	$	(20	)	Cost of products and services sold
	Realized loss on amortization of prior pension service costs and unrecognized losses		(164		)	(54		)	Selling, general and administrative expenses
	Tax expense (benefit)		59			26
	(Loss) net of tax		$	(110	)	$	(48	)
	Total net (loss) reclassified for the period		$	(109	)	$	(45	)

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	3 Months Ended		2 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013	Oct. 31, 2014
Joint Venture
Net (gain) loss attributable to non-controlling interest	$95	$42
NEPTCO
Joint Venture
Net (gain) loss attributable to non-controlling interest			($95)
NEPTCO | Joint venture partner
Joint Venture
Ownership interest (as a percent)	50.00%
NEPTCO | JV | Joint venture partner
Joint Venture
Membership interest purchased			50.00%

Inventories_Details

Inventories (Details) (USD $)	Nov. 30, 2014	Aug. 31, 2014
In Thousands, unless otherwise specified
Inventories
Raw materials	$12,889	$13,785
Work in process	7,904	7,359
Finished goods	11,839	10,395
Total Inventories	$32,632	$31,539

Net_Income_Per_Share_Details

Net Income Per Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
Basic Earnings per Share
Net income attributable to Chase Corporation	$6,905	$8,775
Less: Allocated to participating securities	52	151
Available to common shareholders	6,853	8,624
Basic weighted average shares outstanding	9,050,048	8,938,149
Net income per share - Basic (in dollars per share)	$0.76	$0.96
Diluted Earnings per Share
Net income attributable to Chase Corporation	6,905	8,775
Less: Allocated to participating securities	51	148
Net income available to common shareholders	$6,854	$8,627
Basic weighted average shares outstanding	9,050,048	8,938,149
Additional dilutive common stock equivalents (in shares)	171,748	211,528
Diluted weighted average shares outstanding	9,221,796	9,149,677
Net income per share - Diluted (in dollars per share)	$0.74	$0.94
Antidilutive securities
Antidilutive stock options excluded from computation of earnings per share amount (in shares)	32,974	0

Stock_Based_Compensation_Detai

Stock Based Compensation (Details) (USD $)	3 Months Ended	0 Months Ended	12 Months Ended	0 Months Ended
	Nov. 30, 2014	Sep. 01, 2013	Aug. 31, 2014	Sep. 02, 2013
Executive officers and other members of management
Stock Based Compensation
Stock options expiring August 31, 2024	7,438
Stock options expiring on September 1, 2024	15,312
2013 LTIP | Performance and service based restricted stock | Executive officers
Stock Based Compensation
Shares granted	5,485	7,529
Cumulative shares granted			13,014
2014 LTIP | Performance and service based restricted stock | Executive officers and other members of management
Stock Based Compensation
Shares granted				6,993
2014 LTIP | Time-based restricted stock | Executive officers and other members of management | August 31, 2016 vesting date
Stock Based Compensation
Shares granted				8,132
2014 LTIP | Stock options | Executive officers and other members of management
Stock Based Compensation
Number Options Outstanding (in shares)				22,750
Weighted Average Exercise Price (in dollars per share)				35.5
Number of equal annual allotments in which awards will vest				3

Segment_Data_and_Foreign_Opera2

Segment Data and Foreign Operations (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013	Aug. 31, 2014
	item
Segment data
Revenues	$55,933	$54,183
Income before taxes	10,769	13,564
Total assets	242,967		245,545
Interest	274	303
Depreciation	1,417	1,426
Amortization	1,183	1,194
Number of operating segments	2
Insulfab product line
Segment data
Gain from the sale of property and assets		5,706
Industrial Materials
Segment data
Revenues	42,395	41,670
Income before taxes	12,615	16,742
Total assets	125,131		127,820
Interest	230	240
Depreciation	977	1,046
Amortization	770	761
Industrial Materials | Selling, General and Administrative Expenses
Segment data
Prior Period Reclassification Adjustment		3,135
Reclassification of Expenses		3,135
Construction Materials
Segment data
Revenues	13,538	12,513
Income before taxes	3,873	2,437
Total assets	49,988		50,972
Interest	44	46
Depreciation	289	246
Amortization	413	432
Construction Materials | Selling, General and Administrative Expenses
Segment data
Prior Period Reclassification Adjustment		846
Reclassification of Expenses		846
Reportable segments
Segment data
Income before taxes	16,488	19,179
Total assets	175,119		178,792
Corporate and common costs
Segment data
Income before taxes	-5,719	-5,615
Total assets	67,848		66,753
Corporate and common costs | Selling, General and Administrative Expenses
Segment data
Prior Period Reclassification Adjustment	-3,882
Reclassification of Expenses	($3,882)

Segment_Data_and_Foreign_Opera3

Segment Data and Foreign Operations (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013	Aug. 31, 2014
Concentration risk
Long-lived assets	43,018		$44,085
United Kingdom
Concentration risk
Goodwill and intangible assets	9,090		9,924
Revenue | Geographic concentration risk | United Kingdom
Concentration risk
Percentage of concentration risk	11.00%	8.00%
Long-lived assets | Geographic concentration risk | United Kingdom
Concentration risk
Long-lived assets	4,074		$4,349

Goodwill_and_Other_Intangibles2

Goodwill and Other Intangibles (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014
	item
Changes in the carrying value of goodwill
Balance at the beginning of the period	$38,280
Foreign currency translation adjustment	-332
Balance at the end of the period	37,948
Number of operating segments	2
Construction Materials
Changes in the carrying value of goodwill
Balance at the beginning of the period	10,752
Foreign currency translation adjustment	-15
Balance at the end of the period	10,737
Industrial Materials
Changes in the carrying value of goodwill
Balance at the beginning of the period	27,528
Foreign currency translation adjustment	-317
Balance at the end of the period	$27,211

Goodwill_and_Other_Intangibles3

Goodwill and Other Intangibles (Details 2) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013	Aug. 31, 2014
Intangible assets
Gross Carrying Value	$49,312		$50,156
Accumulated Amortization	23,575		22,941
Net Carrying Value	25,737		27,215
Aggregate amortization expense	1,183	1,194
Estimated amortization expense
2015 (remaining 9 months)	3,520
2016	4,675
2017	4,238
2018	4,007
2019	3,309
2020	2,440
Net Carrying Value	22,189
Patents and agreements
Intangible assets
Weighted-Average Amortization Period	12 years		11 years 10 months 24 days
Gross Carrying Value	3,095		3,104
Accumulated Amortization	2,270		2,281
Net Carrying Value	825		823
Formulas
Intangible assets
Weighted-Average Amortization Period	9 years 1 month 6 days		9 years 1 month 6 days
Gross Carrying Value	5,779		5,849
Accumulated Amortization	2,934		2,851
Net Carrying Value	2,845		2,998
Trade names
Intangible assets
Weighted-Average Amortization Period	5 years 8 months 12 days		5 years 8 months 12 days
Gross Carrying Value	6,350		6,406
Accumulated Amortization	3,348		3,153
Net Carrying Value	3,002		3,253
Customer lists and relationships
Intangible assets
Weighted-Average Amortization Period	10 years 2 months 12 days		10 years 2 months 12 days
Gross Carrying Value	34,088		34,797
Accumulated Amortization	15,023		14,656
Net Carrying Value	$19,065		$20,141

Sale_of_Insulfab_Product_Line_

Sale of Insulfab Product Line (Details) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Oct. 07, 2013	Nov. 30, 2014	Nov. 30, 2013	Aug. 31, 2014
Sale of Insulfab product line
Proceeds from the sale of property and assets			$6,655
Insulfab product line
Sale of Insulfab product line
Proceeds from the sale of property and assets	7,394
Increase in sale proceeds resulting from post-closing adjustments			2,516
Pre-tax book gain from the sale of property and assets			5,706
After-tax book gain from the sale of property and assets			3,709
Sale price held in escrow		$739		$739
Term of Escrow Deposit		18 months

Joint_Venture_Details

Joint Venture (Details) (USD $)	3 Months Ended			2 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013	Nov. 30, 2012	Oct. 31, 2014	Aug. 31, 2014	Aug. 31, 2013
Joint Venture
Net (gain) loss attributable to non-controlling interest	$95	$42
ASSETS
Cash & cash equivalents	53,131	36,928			53,222	29,997
Accounts receivable, net	34,632				35,601
Inventories, net	32,632				31,539
Prepaid expenses and other assets	2,698				2,437
Property, plant and equipment, net	43,018				44,085
Intangible assets, net	25,737				27,215
Total assets	242,967				245,545
Liabilities and net assets
Non-controlling interest					938
JV | Joint venture partner
Joint Venture
Percentage of net assets and net loss recorded as non-controlling interest in the entity's consolidated financial statements	50.00%
Liabilities and net assets
Purchases made	332		467
Amounts due for purchases made	219				394
NEPTCO
Joint Venture
Net (gain) loss attributable to non-controlling interest				($95)
NEPTCO | Joint venture partner
Joint Venture
Ownership interest (as a percent)	50.00%
NEPTCO | Joint venture partner | Minimum
Liabilities and net assets
Percentage of total glass fiber requirements agreed to be purchased	80.00%
NEPTCO | JV | Joint venture partner
Joint Venture
Membership interest purchased				50.00%
Ownership interest held by each member (as a percent)	50.00%

Pensions_and_Other_Post_Retire2

Pensions and Other Post Retirement Benefits (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
Components of net periodic benefit cost
Service cost	$91	$81
Interest cost	170	161
Expected return on plan assets	-153	-178
Amortization of prior service cost	1	1
Amortization of accumulated (gain)/loss	167	73
Net periodic benefit cost	276	138
Employer contribution	$16	$200

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Recurring basis, USD $)	Nov. 30, 2014	Aug. 31, 2014
In Thousands, unless otherwise specified
Total
Fair value measurements
Long-term debt	$57,050	$58,800
Restricted investments	1,300	1,256
Quoted prices in active markets (Level 1)
Fair value measurements
Restricted investments	1,270	1,216
Significant other observable inputs (Level 2)
Fair value measurements
Long-term debt	57,050	58,800
Restricted investments	$30	$40

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
Accumulated other comprehensive income
Balance at the beginning of the period	($4,250)
Other comprehensive gains (losses) before reclassifications	-2,078
Reclassifications to net income of previously deferred (gains) losses	109
Total other comprehensive income (loss)	-1,969	1,697
Balance at the ending of the period	-6,219
Restricted investments, other comprehensive gains (losses) before reclassifications, tax benefit	7
Change in funded status of pension plan, other comprehensive gains (losses) before reclassifications, tax benefit	0
Foreign currency translation adjustment, other comprehensive gains (losses) before reclassifications, tax benefit	0
Restricted investments, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	1
Change in funded status of pension plan, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	59
Foreign currency translation adjustment, reclassifications to net income of previously deferred (gains) losses, tax (expense) benefit	0
Unrealized gains on restricted investments, net of tax
Accumulated other comprehensive income
Balance at the beginning of the period	209
Other comprehensive gains (losses) before reclassifications	14
Reclassifications to net income of previously deferred (gains) losses	-1
Total other comprehensive income (loss)	13
Balance at the ending of the period	221
Pension and postretirement plan liabilities, net of tax benefit
Accumulated other comprehensive income
Balance at the beginning of the period	-4,785
Reclassifications to net income of previously deferred (gains) losses	110
Total other comprehensive income (loss)	110
Balance at the ending of the period	-4,675
Foreign currency translation adjustment
Accumulated other comprehensive income
Balance at the beginning of the period	326
Other comprehensive gains (losses) before reclassifications	-2,092
Total other comprehensive income (loss)	-2,092
Balance at the ending of the period	($1,766)

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Nov. 30, 2014	Nov. 30, 2013
Accumulated other comprehensive income
Selling, general and administrative expenses	$10,795	$10,439
Cost of products and services sold	34,480	35,478
Tax expense (benefit)	3,769	4,747
Net income	7,000	8,817
Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Net income	-109	-45
Unrealized gains on restricted investments, net of tax | Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Selling, general and administrative expenses	-1	-5
Tax expense (benefit)	0	2
Net income	1	3
Pension and postretirement plan liabilities, net of tax benefit | Reclassification out of accumulated other comprehensive income (loss)
Accumulated other comprehensive income
Selling, general and administrative expenses	-164	-54
Cost of products and services sold	-5	-20
Tax expense (benefit)	59	26
Net income	$110	$48