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Inventories

9 Months Ended

May 31, 2021

Inventory Disclosure [Abstract]

Inventories

Note 5 – Inventories

Inventories consisted of the following as of May 31, 2021, May 31, 2020, and August 31, 2020:

($ in thousands)		May 31, 2021				May 31, 2020				August 31, 2020
Raw materials and supplies		$	64,087			$	50,820			$	51,205
Work in process			9,440				7,819				6,464
Finished goods and purchased parts, net			71,414				59,496				51,684
Total inventory value before LIFO adjustment			144,941				118,135				109,353
Less adjustment to LIFO value			(8,340	)			(4,834	)			(4,561	)
Inventories, net		$	136,601			$	113,301			$	104,792

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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