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Inventories

3 Months Ended

Nov. 30, 2014

Note 5 – Inventories

Inventories consisted of the following as of November 30, 2014, November 30, 2013 and August 31, 2014:



	November 30,		November 30,		August 31,
($ in thousands)	2014		2013		2014
Raw materials and supplies	$	21,006	$	20,386	$	19,953
Work in process		9,343		7,045		9,990
Finished goods and purchased parts		54,015		54,540		48,300
Total inventory value before LIFO adjustment		84,364		81,971		78,243
Less adjustment to LIFO value		(7,354)		(6,357)		(6,547)
Inventories, net	$	77,010	$	75,614	$	71,696

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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