XML 37 R26.htm IDEA: XBRL DOCUMENT v3.23.2

CHANGES IN BUSINESS (Tables)

9 Months Ended

May 31, 2023

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition

The table below presents the fair values and measurement period adjustments that were allocated to Tensar's assets and liabilities as of the Tensar Acquisition Date:

(in thousands)						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 nine months ended May 31, 2023.

Schedule of Pro Forma Information

The resulting tax effects of the business combination are also reflected below.

(in thousands)						Three Months Ended May 31, 2022						Nine Months Ended May 31, 2022
Pro forma net sales						$	2,554,295					$	6,657,257
Pro forma net earnings						318,736						942,369

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration