XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.19.1

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Feb. 28, 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 the three months and six months ended February 28, 2019 is as follows:
|  | Three months ended |  |  | Six months ended |
|  | February 28, 2019 |  |  | February 28, 2019 |
($ in thousands) |  | Irrigation |  |  | Infrastructure |  |  | Total |  |  | Irrigation |  |  | Infrastructure |  |  | Total |
Point in time |  | $ | 85,939 |  |  | $ | 10,917 |  |  | $ | 96,856 |  |  | $ | 167,025 |  |  | $ | 32,164 |  |  | $ | 199,189 |
Over time |  |  | 9,827 |  |  |  | 1,292 |  |  |  | 11,119 |  |  |  | 16,351 |  |  |  | 2,782 |  |  |  | 19,133 |
Revenue from the contracts with customers |  |  | 95,766 |  |  |  | 12,209 |  |  |  | 107,975 |  |  |  | 183,376 |  |  |  | 34,946 |  |  |  | 218,322 |
Lease revenue |  |  | — |  |  |  | 1,207 |  |  |  | 1,207 |  |  |  | — |  |  |  | 2,811 |  |  |  | 2,811 |
Total operating revenues |  | $ | 95,766 |  |  | $ | 13,416 |  |  | $ | 109,182 |  |  | $ | 183,376 |  |  | $ | 37,757 |  |  | $ | 221,133 |
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 |  |  | 7,204 |  |  |  | 1,651 |  |  |  | 8,855 |
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 condensed consolidated balance sheet and condensed consolidated statement of operations for the three months and six months ended February 28, 2019:
($ in thousands) |  | As Reported |  |  | ASC Topic 606 Adjustments |  |  | Balance without adoption of ASC Topic 606 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Inventories, net |  | $ | 99,984 |  |  | $ | 3,734 |  |  | $ | 103,718 |
Other current assets |  |  | 18,196 |  |  |  | (1,157 | ) |  |  | 17,039 |
Liabilities and Stockholders' Equity |  |  |  |  |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 44,825 |  |  | $ | 5,503 |  |  | $ | 50,328 |
Retained earnings |  |  | 477,027 |  |  |  | (2,926 | ) |  |  | 474,101 |
|  | Three months ended |  |  | Six months ended |
|  | February 28, 2019 |  |  | February 28, 2019 |
($ in thousands) |  | As Reported |  |  | ASC Topic 606 Adjustments |  |  | Balance without adoption of ASC Topic 606 |  |  | As Reported |  |  | ASC Topic 606 Adjustments |  |  | Balance without adoption of ASC Topic 606 |
Statement of Earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  | $ | 109,182 |  |  | $ | (178 | ) |  | $ | 109,004 |  |  | $ | 221,133 |  |  | $ | (6,346 | ) |  | $ | 214,787 |
Operating income |  |  | (4,460 | ) |  |  | (111 | ) |  |  | (4,571 | ) |  |  | (2,420 | ) |  |  | (3,391 | ) |  |  | (5,811 | )

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DisaggregationOfRevenueLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AdjustmentsForNewAccountingPronouncementsAxis=us-gaap_AccountingStandardsUpdate201409Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |