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BUSINESSES HELD FOR SALE, DISCONTINUED OPERATIONS AND DISPOSITIONS (Tables)
 9 Months Ended
May 31, 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)
 
May 31, 2016
 
August 31, 2015
Assets:
 
 
 
 
Accounts receivable
 
$
5,133

 
$
3,244

Inventories, net
 
9,807

 
12,514

Other current assets
 
—

 
41

Property, plant and equipment, net of accumulated depreciation and amortization
 
1,412

 
1,209

Impairment of businesses held for sale(1)
 
(15,765
)
 
—

Assets of businesses held for sale
 
$
587

 
$
17,008

Liabilities:
 
 
 
 
Accounts payable-trade
 
$
1,293

 
$
3,011

Accrued expenses and other payables
 
2,411

 
2,265

Liabilities of businesses held for sale
 
$
3,704

 
$
5,276


 _________________ 
(1) See Note 10, Fair Value, for further discussion of the impairment of businesses held for sale.
Financial information for discontinued operations
Financial information for discontinued operations was as follows:
 
 
Three Months Ended May 31,
 
Nine Months Ended May 31,
(in thousands)
 
2016
 
2015
 
2016
 
2015
Net sales
 
$
12,321

 
$
43,307

 
$
33,828

 
$
143,644

Loss from discontinued operations before income taxes
 
(15,785
)
 
(10,871
)
 
(16,803
)
 
(20,241
)