XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Guarantor Subsidiaries (Tables) | 3 Months Ended
--- | ---
Nov. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block] | CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (in thousands)
| Three Months Ended November 30, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 35,710 |  |  | $ | 87,834 |  |  | $ | 165,411 |  |  | $ | — |  |  | $ | 288,955 |
Cost of products sold | 6,963 |  |  | 64,574 |  |  | 116,507 |  |  | — |  |  | 188,044 |
Gross profit | 28,747 |  |  | 23,260 |  |  | 48,904 |  |  | — |  |  | 100,911 |
Selling, administrative and engineering expenses | 19,715 |  |  | 18,448 |  |  | 36,315 |  |  | — |  |  | 74,478 |
Amortization of intangible assets | 318 |  |  | 2,861 |  |  | 1,952 |  |  | — |  |  | 5,131 |
Restructuring charges | 5,356 |  |  | 169 |  |  | 1,104 |  |  | — |  |  | 6,629 |
Operating profit | 3,358 |  |  | 1,782 |  |  | 9,533 |  |  | — |  |  | 14,673 |
Financing costs, net | 7,623 |  |  | 21 |  |  | (130 | ) |  | — |  |  | 7,514 |
Intercompany (income) expense, net | (4,877 | ) |  | 5,484 |  |  | (607 | ) |  | — |  |  | — |
Other (income) expense, net | (50 | ) |  | 45 |  |  | 334 |  |  | — |  |  | 329 |
Earnings (loss) before income tax (benefit) expense | 662 |  |  | (3,768 | ) |  | 9,936 |  |  | — |  |  | 6,830 |
Income tax (benefit) expense | (285 | ) |  | 437 |  |  | 1,452 |  |  | — |  |  | 1,604 |
Net earnings (loss) before equity in earnings (loss) of subsidiaries | 947 |  |  | (4,205 | ) |  | 8,484 |  |  | — |  |  | 5,226 |
Equity in earnings (loss) of subsidiaries | 4,279 |  |  | 8,793 |  |  | (46 | ) |  | (13,026 | ) |  | — |
Net earnings | 5,226 |  |  | 4,588 |  |  | 8,438 |  |  | (13,026 | ) |  | 5,226 |
Comprehensive income | $ | 8,251 |  |  | $ | 4,588 |  |  | $ | 11,566 |  |  | $ | (16,154 | ) |  | $ | 8,251 |
CONDENSED CONSOLIDATING STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (LOSS) (in thousands)
| Three Months Ended November 30, 2016
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Net sales | $ | 31,729 |  |  | $ | 84,276 |  |  | $ | 149,788 |  |  | $ | — |  |  | $ | 265,793 |
Cost of products sold | 7,094 |  |  | 61,416 |  |  | 104,216 |  |  | — |  |  | 172,726 |
Gross profit | 24,635 |  |  | 22,860 |  |  | 45,572 |  |  | — |  |  | 93,067 |
Selling, administrative and engineering expenses | 17,967 |  |  | 16,636 |  |  | 33,999 |  |  | — |  |  | 68,602 |
Amortization of intangible assets | 318 |  |  | 3,076 |  |  | 1,868 |  |  | — |  |  | 5,262 |
Restructuring charges | 355 |  |  | 723 |  |  | 1,870 |  |  | — |  |  | 2,948 |
Director & officer transition charges | 7,784 |  |  | — |  |  | — |  |  | — |  |  | 7,784 |
Operating (loss) profit | (1,789 | ) |  | 2,425 |  |  | 7,835 |  |  | — |  |  | 8,471 |
Financing costs (income), net | 7,326 |  |  | — |  |  | (194 | ) |  | — |  |  | 7,132 |
Intercompany (income) expense, net | (5,068 | ) |  | (1,086 | ) |  | 6,154 |  |  | — |  |  | — |
Intercompany dividends | — |  |  | (55,143 | ) |  | — |  |  | 55,143 |  |  | — |
Other expense (income), net | 2,085 |  |  | (70 | ) |  | (2,643 | ) |  | — |  |  | (628 | )
(Loss) earnings before income tax benefit | (6,132 | ) |  | 58,724 |  |  | 4,518 |  |  | (55,143 | ) |  | 1,967 |
Income tax benefit | (2,714 | ) |  | (30 | ) |  | (254 | ) |  | — |  |  | (2,998 | )
Net (loss) earnings before equity in earnings of subsidiaries | (3,418 | ) |  | 58,754 |  |  | 4,772 |  |  | (55,143 | ) |  | 4,965 |
Equity in earnings of subsidiaries | 8,383 |  |  | 5,625 |  |  | 3,130 |  |  | (17,138 | ) |  | — |
Net earnings | 4,965 |  |  | 64,379 |  |  | 7,902 |  |  | (72,281 | ) |  | 4,965 |
Comprehensive (loss) income | $ | (21,157 | ) |  | $ | 46,292 |  |  | $ | 631 |  |  | $ | (46,923 | ) |  | $ | (21,157 | )
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
| November 30, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 9,504 |  |  | $ | — |  |  | $ | 155,546 |  |  | $ | — |  |  | $ | 165,050 |
Accounts receivable, net | 16,577 |  |  | 52,010 |  |  | 132,730 |  |  | — |  |  | 201,317 |
Inventories, net | 24,490 |  |  | 54,521 |  |  | 75,235 |  |  | — |  |  | 154,246 |
Assets held for sale | — |  |  | — |  |  | 21,393 |  |  | — |  |  | 21,393 |
Other current assets | 29,359 |  |  | 2,997 |  |  | 43,974 |  |  | — |  |  | 76,330 |
Total current assets | 79,930 |  |  | 109,528 |  |  | 428,878 |  |  | — |  |  | 618,336 |
Property, plant and equipment, net | 8,051 |  |  | 30,461 |  |  | 60,476 |  |  | — |  |  | 98,988 |
Goodwill | 38,847 |  |  | 200,499 |  |  | 292,108 |  |  | — |  |  | 531,454 |
Other intangibles, net | 7,839 |  |  | 135,181 |  |  | 73,012 |  |  | — |  |  | 216,032 |
Investment in subsidiaries | 1,839,467 |  |  | 1,196,261 |  |  | 804,946 |  |  | (3,840,674 | ) |  | — |
Intercompany receivable | — |  |  | 577,424 |  |  | 206,969 |  |  | (784,393 | ) |  | — |
Other long-term assets | 8,147 |  |  | 1,869 |  |  | 15,415 |  |  | — |  |  | 25,431 |
Total assets | $ | 1,982,281 |  |  | $ | 2,251,223 |  |  | $ | 1,881,804 |  |  | $ | (4,625,067 | ) |  | $ | 1,490,241 |
LIABILITIES & SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | 15,804 |  |  | $ | 28,772 |  |  | $ | 97,169 |  |  | $ | — |  |  | $ | 141,745 |
Accrued compensation and benefits | 7,634 |  |  | 6,325 |  |  | 23,811 |  |  | — |  |  | 37,770 |
Current maturities of debt and short-term borrowings | 30,000 |  |  | — |  |  | — |  |  | — |  |  | 30,000 |
Income taxes payable | 307 |  |  | — |  |  | 6,335 |  |  | — |  |  | 6,642 |
Liabilities held for sale | — |  |  | — |  |  | 70,787 |  |  | — |  |  | 70,787 |
Other current liabilities | 20,521 |  |  | 8,140 |  |  | 28,314 |  |  | — |  |  | 56,975 |
Total current liabilities | 74,266 |  |  | 43,237 |  |  | 226,416 |  |  | — |  |  | 343,919 |
Long-term debt, net | 524,629 |  |  | — |  |  | — |  |  | — |  |  | 524,629 |
Deferred income taxes | 23,789 |  |  | — |  |  | 5,778 |  |  | — |  |  | 29,567 |
Pension and postretirement benefit liabilities | 12,209 |  |  | — |  |  | 7,330 |  |  | — |  |  | 19,539 |
Other long-term liabilities | 49,646 |  |  | 305 |  |  | 6,318 |  |  | — |  |  | 56,269 |
Intercompany payable | 781,424 |  |  | — |  |  | 2,969 |  |  | (784,393 | ) |  | — |
Shareholders’ equity | 516,318 |  |  | 2,207,681 |  |  | 1,632,993 |  |  | (3,840,674 | ) |  | 516,318 |
Total liabilities and shareholders’ equity | $ | 1,982,281 |  |  | $ | 2,251,223 |  |  | $ | 1,881,804 |  |  | $ | (4,625,067 | ) |  | $ | 1,490,241 |
CONDENSED CONSOLIDATING BALANCE SHEETS (in thousands)
| August 31, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 34,715 |  |  | $ | — |  |  | $ | 194,856 |  |  | $ | — |  |  | $ | 229,571 |
Accounts receivable, net | 17,498 |  |  | 50,749 |  |  | 121,959 |  |  | — |  |  | 190,206 |
Inventories, net | 23,308 |  |  | 48,492 |  |  | 71,851 |  |  | — |  |  | 143,651 |
Assets held for sale | — |  |  | — |  |  | 21,835 |  |  | — |  |  | 21,835 |
Other current assets | 23,576 |  |  | 3,619 |  |  | 34,468 |  |  | — |  |  | 61,663 |
Total current assets | 99,097 |  |  | 102,860 |  |  | 444,969 |  |  | — |  |  | 646,926 |
Property, plant & equipment, net | 7,049 |  |  | 26,130 |  |  | 61,342 |  |  | — |  |  | 94,521 |
Goodwill | 38,847 |  |  | 200,499 |  |  | 290,735 |  |  | — |  |  | 530,081 |
Other intangibles, net | 8,156 |  |  | 138,042 |  |  | 74,291 |  |  | — |  |  | 220,489 |
Investment in subsidiaries | 1,832,472 |  |  | 1,186,715 |  |  | 805,016 |  |  | (3,824,203 | ) |  | — |
Intercompany receivable | — |  |  | 589,193 |  |  | 205,183 |  |  | (794,376 | ) |  | — |
Other long-term assets | 8,377 |  |  | 812 |  |  | 15,749 |  |  | — |  |  | 24,938 |
Total assets | $ | 1,993,998 |  |  | $ | 2,244,251 |  |  | $ | 1,897,285 |  |  | $ | (4,618,579 | ) |  | $ | 1,516,955 |
LIABILITIES & SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Trade accounts payable | $ | 15,412 |  |  | $ | 27,168 |  |  | $ | 90,807 |  |  | $ | — |  |  | $ | 133,387 |
Accrued compensation and benefits | 19,082 |  |  | 7,672 |  |  | 24,185 |  |  | — |  |  | 50,939 |
Current maturities of debt and short-term borrowings | 30,000 |  |  | — |  |  | — |  |  | — |  |  | 30,000 |
Income taxes payable | 153 |  |  | — |  |  | 5,927 |  |  | — |  |  | 6,080 |
Liabilities held for sale | — |  |  | — |  |  | 101,083 |  |  | — |  |  | 101,083 |
Other current liabilities | 18,512 |  |  | 7,169 |  |  | 31,764 |  |  | — |  |  | 57,445 |
Total current liabilities | 83,159 |  |  | 42,009 |  |  | 253,766 |  |  | — |  |  | 378,934 |
Long-term debt | 531,940 |  |  | — |  |  | — |  |  | — |  |  | 531,940 |
Deferred income taxes | 24,164 |  |  | — |  |  | 5,695 |  |  | — |  |  | 29,859 |
Pension and post-retirement benefit liabilities | 12,540 |  |  | — |  |  | 7,322 |  |  | — |  |  | 19,862 |
Other long-term liabilities | 48,692 |  |  | 352 |  |  | 6,777 |  |  | — |  |  | 55,821 |
Intercompany payable | 792,964 |  |  | — |  |  | 1,412 |  |  | (794,376 | ) |  | — |
Shareholders’ equity | 500,539 |  |  | 2,201,890 |  |  | 1,622,313 |  |  | (3,824,203 | ) |  | 500,539 |
Total liabilities and shareholders’ equity | $ | 1,993,998 |  |  | $ | 2,244,251 |  |  | $ | 1,897,285 |  |  | $ | (4,618,579 | ) |  | $ | 1,516,955 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands)
| Three Months Ended November 30, 2017
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (9,838 | ) |  | $ | 3,580 |  |  | $ | (14,200 | ) |  | $ | — |  |  | $ | (20,458 | )
Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | (1,478 | ) |  | (3,589 | ) |  | (2,837 | ) |  | — |  |  | (7,904 | )
Proceeds from sale of property, plant and equipment | — |  |  | 9 |  |  | 23 |  |  | — |  |  | 32 |
Rental asset lease buyout for Viking divestiture | — |  |  | — |  |  | (27,718 | ) |  | — |  |  | (27,718 | )
Cash used in investing activities | (1,478 | ) |  | (3,580 | ) |  | (30,532 | ) |  | — |  |  | (35,590 | )
Financing Activities |  |  |  |  |  |  |  |  |
Repayments on term loan | (7,500 | ) |  | — |  |  | — |  |  | — |  |  | (7,500 | )
Stock option exercises and other | 2,231 |  |  | — |  |  | — |  |  | — |  |  | 2,231 |
Taxes paid related to the net share settlement of equity awards | (282 | ) |  | — |  |  | — |  |  | — |  |  | (282 | )
Cash dividend | (2,390 | ) |  | — |  |  | — |  |  | — |  |  | (2,390 | )
Intercompany loan activity | (5,954 | ) |  | — |  |  | 5,954 |  |  | — |  |  | — |
Cash (used in) provided by financing activities | (13,895 | ) |  | — |  |  | 5,954 |  |  | — |  |  | (7,941 | )
Effect of exchange rate changes on cash | — |  |  | — |  |  | (532 | ) |  | — |  |  | (532 | )
Net decrease in cash and cash equivalents | (25,211 | ) |  | — |  |  | (39,310 | ) |  | — |  |  | (64,521 | )
Cash and cash equivalents—beginning of period | 34,715 |  |  | — |  |  | 194,856 |  |  | — |  |  | 229,571 |
Cash and cash equivalents—end of period | $ | 9,504 |  |  | $ | — |  |  | $ | 155,546 |  |  | $ | — |  |  | $ | 165,050 |
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in thousands)
| Three Months Ended November 30, 2016
| Parent |  | Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
Operating Activities |  |  |  |  |  |  |  |  |
Net provided by operating activities | $ | 61,380 |  |  | $ | 2,491 |  |  | $ | 3,736 |  |  | $ | (55,143 | ) |  | $ | 12,463 |
Investing Activities |  |  |  |  |  |  |  |  |
Capital expenditures | (861 | ) |  | (2,607 | ) |  | (1,671 | ) |  | — |  |  | (5,139 | )
Proceeds from sale of property, plant and equipment | — |  |  | 46 |  |  | 84 |  |  | — |  |  | 130 |
Cash used in investing activities | (861 | ) |  | (2,561 | ) |  | (1,587 | ) |  | — |  |  | (5,009 | )
Financing Activities |  |  |  |  |  |  |  |  |
Principal repayments on term loan | (3,750 | ) |  | — |  |  | — |  |  | — |  |  | (3,750 | )
Taxes paid related to the net share settlement of equity awards | (223 | ) |  | — |  |  | — |  |  | — |  |  | (223 | )
Stock option exercises and other | 964 |  |  | — |  |  | — |  |  | — |  |  | 964 |
Cash dividend | (2,358 | ) |  | — |  |  | (55,143 | ) |  | 55,143 |  |  | (2,358 | )
Intercompany loan activity | (53,734 | ) |  | — |  |  | 53,734 |  |  | — |  |  | — |
Cash used in financing activities | (59,101 | ) |  | — |  |  | (1,409 | ) |  | 55,143 |  |  | (5,367 | )
Effect of exchange rate changes on cash | — |  |  | — |  |  | (4,820 | ) |  | — |  |  | (4,820 | )
Net increase (decrease) in cash and cash equivalents | 1,418 |  |  | (71 | ) |  | (4,080 | ) |  | — |  |  | (2,733 | )
Cash and cash equivalents—beginning of period | 7,953 |  |  | 71 |  |  | 171,580 |  |  | — |  |  | 179,604 |
Cash and cash equivalents—end of period | $ | 9,371 |  |  | $ | — |  |  | $ | 167,500 |  |  | $ | — |  |  | $ | 176,871 |

X
- Definition Schedule Of Condensed Consolidating Statement Of Earnings And Comprehensive Income [Table Text Block] + References No definition available. + Details
Name: | atu_ScheduleOfCondensedConsolidatingStatementOfEarningsAndComprehensiveIncomeTableTextBlock
Namespace Prefix: | atu_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration