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Subsequent Events | 3 Months Ended
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Nov. 30, 2019
Subsequent Events [Abstract] |
Subsequent Events | Note 13. Subsequent Events In December 2019, the Board of Directors declared a regular quarterly cash dividend of $0.75 per share as well as a special dividend of $5.00 per share payable on February 5, 2020 to shareholders of record at the close of business on January 22, 2020. The regular and special dividends will result in payouts of approximately $41,500 and $277,000, respectively, based on the number of shares outstanding at December 17, 2019. The Company will initially fund these payments from cash on hand and its revolving credit facility. In December 2019, the Company paid a post-closing working capital adjustment in accordance with the February 2019 acquisition of certain assets of TAC Insumos Industriales, S. de R.L. de C.V. and certain of its affiliates (together, “TAC ”). This adjustment increases the purchase price by $2,286 with a corresponding increase to goodwill.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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