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Investments | 3 Months Ended
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Nov. 30, 2012
Investments [Abstract] |
Investments | Investments As of August 31, 2012, we owned 74.5% of NCRA. During fiscal 2012, we entered into an agreement to purchase the remaining shares of NCRA from Growmark Inc. (Growmark) and MFA Oil Company (MFA) in separate closings to be held annually through fiscal 2015. Pursuant to this agreement, we made the first payments during the first quarter of fiscal 2013 to Growmark and MFA in the amounts of $48.0 million and $18.0 million respectively; increasing our ownership to 79.2%. The present value of the remaining payments is included as mandatorily redeemable noncontrolling interest on our Consolidated Balances Sheets. We have a 50% interest in Ventura Foods, LLC (Ventura Foods), a joint venture which produces and distributes primarily vegetable oil-based products, and is included in Corporate and Other. We account for Ventura Foods as an equity method investment, and as of November 30, 2012, our carrying value of Ventura Foods exceeded our share of their equity by $12.9 million, which represents equity method goodwill. The following provides summarized unaudited financial information for Ventura Foods balance sheets as of November 30, 2012, August 31, 2012 and November 30, 2011, and statements of operations for the three months ended November 30, 2012 and 2011:
| November 30, 2012 |  | August 31, 2012 |  | November 30, 2011
| (Dollars in thousands)
Current assets | $ | 575,137 |  |  | $ | 574,925 |  |  | $ | 595,727 |
Non-current assets | 464,028 |  |  | 459,070 |  |  | 460,204 |
Current liabilities | 200,357 |  |  | 197,251 |  |  | 235,469 |
Non-current liabilities | 277,943 |  |  | 277,760 |  |  | 291,816 |
| For the Three Months Ended November 30,
| 2012 |  | 2011
| (Dollars in thousands)
Net sales | $ | 651,487 |  |  | $ | 665,583 |
Gross profit | 62,123 |  |  | 56,051 |
Net earnings | 20,728 |  |  | 15,102 |
Earnings attributable to CHS Inc. | 10,364 |  |  | 7,551 |

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- Definition The entire disclosure for investments and other noncurrent assets. + References No definition available. + Details
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