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CHANGES IN BUSINESS | 6 Months Ended
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Feb. 28, 2019
Business Combinations [Abstract] |
Changes in Business | NOTE 3. CHANGES IN BUSINESS During fiscal 2018, the Company completed the exit of its trading operations in the U.S., Asia, and Australia. The results of these activities are included in discontinued operations in the unaudited condensed consolidated statements of earnings for all periods presented. The major classes of line items constituting earnings from discontinued operations in the unaudited condensed consolidated statements of earnings are presented in the table below.
|  | Three Months Ended February 28, |  | Six Months Ended February 28,
(in thousands) |  | 2018 |  | 2018
Net sales |  | $ | 139,011 |  |  | $ | 301,122 |
Costs and expenses: |  |  |  |
Cost of goods sold |  | 130,687 |  |  | 272,138 |
Selling, general and administrative expenses |  | 8,034 |  |  | 20,660 |
Interest expense |  | — |  |  | (86 | )
Earnings before income taxes |  | 290 |  |  | 8,410 |
Income taxes |  | (98 | ) |  | 3,082 |
Earnings from discontinued operations |  | $ | 388 |  |  | $ | 5,328 |
There were no material operating or investing non-cash items for discontinued operations for the three and six months ended February 28, 2019 and 2018. The assets and liabilities of the businesses classified as held for sale and discontinued operations were immaterial at both February 28, 2019 and August 31, 2018.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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