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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Nov. 30, 2019
Aug. 31, 2019
Current assets:    
Cash and cash equivalents $ 101,328 $ 37,431
Receivables, less allowance for doubtful accounts ($260 and $160, respectively) 167,290 158,049
Inventories, net 263,333 201,126
Prepaid expenses and other assets 13,301 14,051
Total current assets 545,252 410,657
Property, plant, and equipment, net 163,348 127,572
Other assets:    
Goodwill 347,840 274,931
Other intangible assets, net 423,258 256,082
Investment in life insurance 26,958 26,846
Operating lease assets 30,720 0
Other assets 16,248 8,143
Total assets 1,553,624 1,104,231
Current liabilities:    
Accounts payable 93,120 81,635
Income taxes payable 0 0
Accrued expenses:    
Accrued compensation 25,885 20,328
Product warranties 61,107 44,436
Self-insurance 15,685 13,820
Promotional 19,139 10,896
Accrued interest 3,034 4,059
Other 16,768 13,678
Current maturities of long-term debt 12,668 8,892
Total current liabilities 247,406 197,744
Non-current liabilities:    
Long-term debt, less current maturities 450,848 245,402
Deferred income taxes 17,210 12,032
Unrecognized tax benefits 6,563 3,591
Operating lease liabilities 28,066 0
Deferred compensation benefits, net of current portion 12,594 12,878
Other 5,328 372
Total non-current liabilities 520,609 274,275
Contingent liabilities and commitments (Note 12)
Stockholders' equity:    
Preferred stock, par value $0.01: Authorized-10,000 shares; Issued-none 0 0
Common stock, par value $0.50: Authorized-60,000 shares; Issued-51,776 shares 25,888 25,888
Additional paid-in capital 198,733 91,185
Retained earnings 877,469 866,886
Accumulated other comprehensive loss (551) (491)
Treasury stock, at cost: 18,177 and 20,262 shares, respectively (315,930) (351,256)
Total stockholders' equity 785,609 632,212
Total liabilities and stockholders' equity $ 1,553,624 $ 1,104,231