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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Aug. 31, 2015
Aug. 31, 2014
Current assets:    
Cash and cash equivalents $ 53,896 $ 57,803
Short-term investments 48,603 45,050
Trade and other accounts receivable, less allowance for doubtful accounts of $491 and $406 at August 31, 2015 and 2014 respectively 58,750 63,618
Inventories 32,052 34,989
Current deferred tax assets, net 5,824 5,855
Other current assets 6,127 8,339
Total current assets 205,252 215,654
Property and equipment, net [1] 11,376 9,702
Goodwill 96,409 95,499
Other intangible assets, net 22,961 23,671
Other assets 3,259 3,154
Total assets 339,257 347,680
Current liabilities:    
Accounts payable 17,128 18,031
Accrued liabilities 15,200 18,382
Revolving credit facility, current portion   98,000
Accrued payroll and related expenses 13,357 15,969
Income taxes payable 2,287 1,529
Total current liabilities 47,972 151,911
Revolving credit facility 108,000  
Long-term deferred tax liabilities, net 23,145 24,253
Other long-term liabilities 2,282 2,101
Total liabilities $ 181,399 $ 178,265
Commitments and contingencies (Note 11)
Shareholders' equity:    
Common stock ― authorized 36,000,000 shares, $0.001 par value; 19,546,888 and 19,464,310 shares issued at August 31, 2015 and 2014, respectively; and 14,450,490 and 14,754,362 shares outstanding at August 31, 2015 and 2014, respectively $ 20 $ 19
Additional paid-in capital 141,651 136,212
Retained earnings 260,683 237,596
Accumulated other comprehensive income (loss) (8,722) 1,103
Common stock held in treasury, at cost ― 5,096,398 and 4,709,948 shares at August 31, 2015 and 2014, respectively (235,774) (205,515)
Total shareholders' equity 157,858 169,415
Total liabilities and shareholders' equity $ 339,257 $ 347,680
[1] Includes tangible assets and property and equipment, net, attributed to the geographic location in which such assets are located.