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BUSINESSES HELD FOR SALE, DISCONTINUED OPERATIONS AND DISPOSITIONS (Tables)
6 Months Ended
Feb. 29, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Components of assets and liabilities of businesses held for sale
The components of assets and liabilities of businesses held for sale on the Company's condensed consolidated balance sheets were as follows:
(in thousands)
 
February 29, 2016
 
August 31, 2015
Assets:
 
 
 
 
Accounts receivable
 
$
3,387

 
$
3,244

Inventories, net
 
9,360

 
12,514

Other current assets
 

 
41

Property, plant and equipment, net of accumulated depreciation and amortization
 
1,242

 
1,209

Assets of businesses held for sale
 
$
13,989

 
$
17,008

Liabilities:
 
 
 
 
Accounts payable-trade
 
$
1,885

 
$
3,011

Accrued expenses and other payables
 
2,206

 
2,265

Liabilities of businesses held for sale
 
$
4,091

 
$
5,276

Financial information for discontinued operations
Financial information for discontinued operations was as follows:
 
 
Three Months Ended
 
Six Months Ended
(in thousands)
 
February 29, 2016
 
February 28, 2015
 
February 29, 2016
 
February 28, 2015
Net sales
 
$
9,953

 
$
41,326

 
$
21,507

 
$
100,337

Loss from discontinued operations before income taxes (benefit)
 
(446
)
 
(7,268
)
 
(1,018
)
 
(9,370
)