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Revenue Recognition (Tables) | 12 Months Ended
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Aug. 31, 2019
Disaggregation Of Revenue [Line Items] |
Schedule of Disaggregation of Revenue by Segment | A breakout by segment of revenue recognized over time versus point in time for twelve months ended August 31, 2019 is as follows:
|  |  | Year ended August 31, 2019 |
($ in thousands) |  |  | Irrigation |  |  | Infrastructure |  |  | Total |
Point in time |  |  | $ | 318,544 |  |  | $ | 78,768 |  |  | $ | 397,312 |
Over time |  |  |  | 32,954 |  |  |  | 6,054 |  |  |  | 39,008 |
Revenue from the contracts with customers |  |  |  | 351,498 |  |  |  | 84,822 |  |  |  | 436,320 |
Lease revenue |  |  |  | — |  |  |  | 7,752 |  |  |  | 7,752 |
Total operating revenues |  |  | $ | 351,498 |  |  | $ | 92,574 |  |  | $ | 444,072 |
ASC Topic 606 [Member] |
Disaggregation Of Revenue [Line Items] |
Summary of Impacts of ASU on Condensed Consolidated Financial Statements | The cumulative effect of initially applying the new revenue standard under ASC Topic 606 was recorded as an adjustment to the opening balance of retained earnings, which impacted the condensed consolidated balance sheet as follows:
($ in thousands) |  | August 31, 2018 |  |  | ASC Topic 606 Adjustments |  |  | September 1, 2018 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Inventories, net |  | $ | 79,233 |  |  | $ | (942 | ) |  | $ | 78,291 |
Other current assets |  |  | 11,087 |  |  |  | 1,651 |  |  |  | 12,738 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 46,935 |  |  | $ | 14 |  |  | $ | 46,949 |
Deferred income tax liabilities |  |  | 1,083 |  |  |  | 163 |  |  |  | 1,246 |
Retained earnings |  |  | 484,886 |  |  |  | 532 |  |  |  | 485,418 |
The adoption of ASC Topic 606 had the following impact on the consolidated balance sheet as of August 31, 2019 and consolidated statement of earnings for the year ended August 31, 2019:
($ in thousands) |  | As Reported |  |  | Adjustments |  |  | Balance without adoption of ASC Topic 606 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Inventories, net |  | $ | 92,287 |  |  | $ | 3,729 |  |  | $ | 96,016 |
Other current assets |  |  | 15,704 |  |  |  | (1,170 | ) |  |  | 14,534 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 52,488 |  |  | $ | 5,711 |  |  | $ | 58,199 |
Retained earnings |  |  | 474,740 |  |  |  | (3,153 | ) |  |  | 471,587 |
($ in thousands) |  | As Reported |  |  | Adjustments |  |  | Balance without adoption of ASC Topic 606 |
Statement of Earnings |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 444,072 |  |  | $ | (6,359 | ) |  | $ | 437,713 |
Operating income |  |  | 6,115 |  |  |  | (3,410 | ) |  |  | 2,705 |

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