XML 68 R35.htm IDEA: XBRL DOCUMENT
v3.3.0.814

Income Taxes (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2015
Income Taxes [Abstract] |
Schedule Of Earnings Before Income Taxes |
|  | For the years ended August 31,
$ in thousands |  | 2015 |  | 2014 |  | 2013
United States |  | $ | 49,668 |  | $ | 70,066 |  | $ | 99,781
Foreign |  |  | (2,917) |  |  | 8,589 |  |  | 7,526
|  | $ | 46,751 |  | $ | 78,655 |  | $ | 107,307
Schedule Of Significant Components Of Income Tax Provision |
|  | For the years ended August 31,
$ in thousands |  | 2015 |  | 2014 |  | 2013
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | 15,908 |  | $ | 29,015 |  | $ | 33,498
State |  |  | 1,426 |  |  | 2,176 |  |  | 2,303
Foreign |  |  | 2,830 |  |  | 4,147 |  |  | 4,173
Total current |  |  | 20,164 |  |  | 35,338 |  |  | 39,974
Deferred: |  |  |  |  |  |  |  |  |
Federal |  |  | (406) |  |  | (6,936) |  |  | (1,554)
State |  |  | 45 |  |  | (346) |  |  | (178)
Foreign |  |  | 639 |  |  | (913) |  |  | (1,505)
Total deferred |  |  | 278 |  |  | (8,195) |  |  | (3,237)
Total income tax provision |  | $ | 20,442 |  | $ | 27,143 |  | $ | 36,737
Schedule of Effective Income Tax Rate Reconciliation |
|  | For the years ended August 31,
$ in thousands |  | 2015 |  | 2014 |  | 2013
|  | Amount |  | % |  | Amount |  | % |  | Amount |  | %
U.S. statutory rate |  | $ | 16,363 |  | 35.0 |  | $ | 27,529 |  | 35.0 |  | $ | 37,558 |  | 35.0
State and local taxes, net of federal tax benefit |  |  | 911 |  | 1.9 |  |  | 1,067 |  | 1.4 |  |  | 1,365 |  | 1.3
Foreign tax rate differences |  |  | 1,311 |  | 2.8 |  |  | (116) |  | (0.1) |  |  | (103) |  | (0.1)
Domestic production activities deduction |  |  | (1,548) |  | (3.3) |  |  | (2,170) |  | (2.8) |  |  | (2,638) |  | (2.5)
Research and development and fuel tax credits |  |  | (71) |  | (0.1) |  |  | (89) |  | (0.1) |  |  | (289) |  | (0.3)
Deferred tax asset valuation allowance |  |  | 2,949 |  | 6.3 |  |  | - |  | - |  |  | - |  | -
Other |  |  | 527 |  | 1.1 |  |  | 922 |  | 1.1 |  |  | 844 |  | 0.8
Effective rate |  | $ | 20,442 |  | 43.7 |  | $ | 27,143 |  | 34.5 |  | $ | 36,737 |  | 34.2
Schedule of Deferred Tax Assets and Liabilities |
|  | August 31,
$ in thousands |  | 2015 |  | 2014
Deferred tax assets: |  |  |  |  |  |
Deferred revenue |  | $ | 1,411 |  | $ | 2,812
Net operating loss carry forwards |  |  | 1,703 |  |  | 433
Defined benefit pension plan |  |  | 2,754 |  |  | 2,780
Share-based compensation |  |  | 1,814 |  |  | 2,106
State tax credits |  |  | 87 |  |  | 87
Inventory |  |  | 1,883 |  |  | 1,396
Warranty |  |  | 2,672 |  |  | 3,354
Vacation |  |  | 181 |  |  | 191
Accrued expenses and allowances |  |  | 12,135 |  |  | 10,955
Other |  |  | 527 |  |  | -
Gross deferred tax assets |  |  | 25,167 |  |  | 24,114
Valuation allowance |  |  | (2,949) |  |  | -
Net deferred tax assets |  | $ | 22,218 |  | $ | 24,114
Deferred tax liabilities: |  |  |  |  |  |
Intangible assets |  |  | (17,514) |  |  | (10,247)
Property, plant and equipment |  |  | (6,687) |  |  | (6,919)
Inventory |  |  | (83) |  |  | (121)
Other |  |  | - |  |  | (980)
Total deferred tax liabilities |  |  | (24,284) |  |  | (18,267)
Net deferred tax (liabilities) assets |  | $ | (2,066) |  | $ | 5,847
Schedule of Unrecognized Tax Benefits Roll Forward |
|  | August 31,
$ in thousands |  | 2015 |  | 2014
Unrecognized Tax Benefits at September 1 |  | $ | 3,611 |  | $ | 902
Increases for positions taken in current year |  |  | 57 |  |  | 50
Increases for positions taken in prior years |  |  | 547 |  |  | 2,721
Reduction resulting from lapse of applicable statute of limitations |  |  | (122) |  |  | (62)
Decreases for positions taken in prior years |  |  | (257) |  |  | -
Unrecognized Tax Benefits at August 31 |  | $ | 3,836 |  | $ | 3,611

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration