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CHANGES IN BUSINESS
 9 Months Ended
May 31, 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 condensed consolidated statements of earnings for all periods presented. The major classes of line items constituting earnings from discontinued operations in the condensed consolidated statements of earnings are presented in the table below.

 
 
Three Months Ended May 31,
 
Nine Months Ended May 31,
(in thousands)
 
2018
 
2018
Net sales
 
$
3,262

 
$
304,384

Costs and expenses:
 
 
 
 
Cost of goods sold
 
4,233

 
276,371

Selling, general and administrative expenses
 
2,418

 
23,078

Interest expense
 
—

 
(86
)
Earnings (loss) before income taxes
 
(3,389
)
 
5,021

Income taxes (benefit)
 
(1,029
)
 
2,052

Earnings (loss) from discontinued operations
 
$
(2,360
)
 
$
2,969



There were no material operating or investing non-cash items for discontinued operations for the three and nine months ended May 31, 2019 and 2018.

The assets and liabilities of the businesses classified as held for sale and discontinued operations were immaterial at both May 31, 2019 and August 31, 2018.