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CHANGES IN BUSINESS (Tables) | 6 Months Ended
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Feb. 28, 2023
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition | The table below presents the preliminary fair values and measurement period adjustments that were allocated to Tensar's assets and liabilities as of the Tensar Acquisition Date:
(in thousands) |  | Estimated Fair Value as Previously Reported(1) |  |  |  |
Cash and cash equivalents |  | $ | 19,551 |  |  |  |  |
Accounts receivable |  | 37,741 |  |  |  |  |
Inventories |  | 39,462 |  |  |  |  |
Prepaid and other current assets |  | 12,528 |  |  |  |  |
Defined benefit pension plan |  | 14,620 |  |  |  |  |
Property, plant and equipment |  | 85,983 |  |  |  |  |
Intangible assets |  | 260,500 |  |  |  |  |
Goodwill |  | 186,805 |  |  |  |  |
Other noncurrent assets |  | 19,660 |  |  |  |  |
Accounts payable |  | (12,134) |  |  |  |  |
Accrued expenses and other payables |  | (23,725) |  |  |  |  |
Current maturities of long-term debt |  | (3,277) |  |  |  |  |
Deferred income taxes |  | (45,055) |  |  |  |  |
Other noncurrent liabilities |  | (16,347) |  |  |  |  |
Long-term debt |  | (4,312) |  |  |  |  |
Total assets acquired and liabilities assumed |  | $ | 572,000 |  |  |  |  |
__________________________________ (1) As previously reported in the 2022 Form 10-K. No measurement period adjustments occurred during the six months ended February 28, 2023.
Schedule of Pro Forma Information | The resulting tax effects of the business combination are also reflected below.
(in thousands) |  | Three Months Ended February 28, 2022 |  | Six Months Ended February 28, 2022
Pro forma net sales |  | $ | 2,059,294 |  |  | $ | 4,102,962 |
Pro forma net earnings |  | 383,256 |  |  | 623,633 |

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