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Income Taxes (Tables) | 12 Months Ended
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Aug. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Earnings Before Income Taxes |
|  | For the years ended August 31, |
($ in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
United States |  | $ | 28,605 |  |  | $ | 38,928 |  |  | $ | (1,949 | )
Foreign |  |  | 21,781 |  |  |  | 9,915 |  |  |  | 4,056 |
|  | $ | 50,386 |  |  | $ | 48,843 |  |  | $ | 2,107 |
Schedule of Significant Components of Income Tax Provision |
|  | For the years ended August 31, |
($ in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 2,432 |  |  | $ | 4,231 |  |  | $ | 2,190 |
State |  |  | 733 |  |  |  | 1,421 |  |  |  | 324 |
Foreign |  |  | 2,738 |  |  |  | 3,178 |  |  |  | 3,107 |
Total current |  |  | 5,903 |  |  |  | 8,830 |  |  |  | 5,621 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 2,251 |  |  |  | 2,630 |  |  |  | (3,209 | )
State |  |  | 281 |  |  |  | 121 |  |  |  | (624 | )
Foreign |  |  | (621 | ) |  |  | (1,367 | ) |  |  | (1,853 | )
Total deferred |  |  | 1,911 |  |  |  | 1,384 |  |  |  | (5,686 | )
Total income tax provision |  | $ | 7,814 |  |  | $ | 10,214 |  |  | $ | (65 | )
Schedule of Effective Income Tax Rate Reconciliation |
|  | For the years ended August 31, |
|  | 2021 |  |  |  |  |  |  | 2020 |  |  |  |  |  |  | 2019 |  |  |  |  |
($ in thousands) |  | Amount |  |  | % |  |  | Amount |  |  | % |  |  | Amount |  |  | % |
U.S. statutory rate |  | $ | 10,581 |  |  |  | 21.0 |  |  | $ | 10,257 |  |  |  | 21.0 |  |  | $ | 443 |  |  |  | 21.0 |
State and local taxes, net of federal tax benefit |  |  | 859 |  |  |  | 1.7 |  |  |  | 1,079 |  |  |  | 2.2 |  |  |  | (379 | ) |  |  | (18.0 | )
Foreign tax rate differences |  |  | (390 | ) |  |  | (0.8 | ) |  |  | (292 | ) |  |  | (0.6 | ) |  |  | 164 |  |  |  | 7.8 |
U.S. tax reform |  |  | 339 |  |  |  | 0.7 |  |  |  | (165 | ) |  |  | (0.3 | ) |  |  | 160 |  |  |  | 7.6 |
Deferred tax asset valuation allowance |  |  | (2,169 | ) |  |  | (4.3 | ) |  |  | (479 | ) |  |  | (1.0 | ) |  |  | 142 |  |  |  | 6.7 |
Federal credits |  |  | (629 | ) |  |  | (1.2 | ) |  |  | (419 | ) |  |  | (0.9 | ) |  |  | (338 | ) |  |  | (16.0 | )
Uncertain tax benefits |  |  | (622 | ) |  |  | (1.2 | ) |  |  | 165 |  |  |  | 0.3 |  |  |  | (153 | ) |  |  | (7.3 | )
Other |  |  | (155 | ) |  |  | (0.4 | ) |  |  | 68 |  |  |  | 0.1 |  |  |  | (104 | ) |  |  | (4.9 | )
Effective rate |  | $ | 7,814 |  |  |  | 15.5 |  |  | $ | 10,214 |  |  |  | 20.9 |  |  | $ | (65 | ) |  |  | (3.1 | )
Schedule of Deferred Tax Assets and Liabilities |
|  | August 31, |
($ in thousands) |  | 2021 |  |  | 2020 |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued expenses |  | $ | 10,172 |  |  | $ | 10,376 |
Warranty |  |  | 3,096 |  |  |  | 2,439 |
Defined benefit pension plan |  |  | 1,626 |  |  |  | 1,767 |
Inventory |  |  | 2,403 |  |  |  | 2,362 |
Share-based compensation |  |  | 1,197 |  |  |  | 1,185 |
Vacation |  |  | 749 |  |  |  | 780 |
Net operating loss and capital loss carry forwards |  |  | 2,245 |  |  |  | 3,009 |
Deferred revenue |  |  | 1,565 |  |  |  | 2,282 |
Allowance for doubtful accounts |  |  | 870 |  |  |  | 683 |
Other |  |  | 1,169 |  |  |  | 2,233 |
Gross deferred tax assets |  |  | 25,092 |  |  |  | 27,116 |
Valuation allowance |  |  | (1,091 | ) |  |  | (3,218 | )
Net deferred tax assets |  | $ | 24,001 |  |  | $ | 23,898 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Intangible assets |  | $ | (5,607 | ) |  | $ | (6,054 | )
Property, plant, and equipment |  |  | (11,113 | ) |  |  | (8,798 | )
Total deferred tax liabilities |  | $ | (16,720 | ) |  | $ | (14,852 | )
Net deferred tax assets |  | $ | 7,281 |  |  | $ | 9,046 |
Schedule of Unrecognized Tax Benefits Roll Forward |
|  | August 31, |
($ in thousands) |  | 2021 |  |  | 2020 |
Unrecognized tax benefits at beginning of the year |  | $ | 1,141 |  |  | $ | 2,389 |
Increases for positions taken in current year |  |  | — |  |  |  | 52 |
Increases for positions taken in prior years |  |  | — |  |  |  | 266 |
Decreases for positions taken in prior years |  |  | (36 | ) |  |  | (1,360 | )
Reduction resulting from lapse of applicable statute of limitations |  |  | (287 | ) |  |  | (206 | )
Decreases for settlements with tax authorities |  |  | (94 | ) |  |  | — |
Unrecognized tax benefits at end of the year |  | $ | 724 |  |  | $ | 1,141 |

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