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Assets Held for Sale
3 Months Ended
Nov. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale Assets Held for Sale
Reclassification to Held for Sale of Certain Homecare and Cleaning Product Businesses
In the first quarter of fiscal year 2025, the Company’s homecare and cleaning product businesses in the Americas and EIMEA segments met the criteria to be classified as held for sale. Management has determined that the planned sale of these brands does not represent a strategic shift having a major effect on the Company’s operations and financial results and therefore does not meet the criteria for classification as discontinued operations in the first quarter of fiscal year 2025. The Company expects to sell these homecare and cleaning product businesses in the Americas and EIMEA segments in fiscal year 2025.
Assets included as part of the disposal group classified as held for sale consisted of intangible assets, goodwill and inventory. There are no liabilities in the disposal group.
The following table summarizes assets held for sale (in thousands):
November 30,
2024
Intangibles, Net 3,897 
Goodwill1,069 
Inventory4,899 
Total assets held for sale (1)
$9,865 
(1)    Total assets held for sale are included in other current assets on the Company’s condensed consolidated balance sheets.