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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

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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.

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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.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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