XML 63 R32.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Other Assets (Tables) | 12 Months Ended
--- | ---
Aug. 31, 2018
Other Assets [Abstract] |
Schedule of Other Assets | Other assets as of August 31, 2018, and 2017, are as follows:
| 2018 |  | (As Restated) 2017
| (Dollars in thousands)
Goodwill | $ | 138,464 |  |  | $ | 138,454 |
Customer lists, trademarks and other intangible assets | 29,338 |  |  | 33,330 |
Notes receivable | 211,986 |  |  | 51,586 |
Deferred purchase price receivable | — |  |  | 345,655 |
Long-term derivative assets | 23,084 |  |  | 40,897 |
Prepaid pension and other benefits | 101,539 |  |  | 122,433 |
Capitalized major maintenance | 130,780 |  |  | 105,006 |
Cash value life insurance | 123,010 |  |  | 118,677 |
Other | 76,128 |  |  | 124,343 |
| $ | 834,329 |  |  | $ | 1,080,381 |
Changes in the Net Carrying Amount of Goodwill | Changes in the net carrying amount of goodwill for the years ended August 31, 2018, and 2017, by segment, are as follows:
| Energy |  | Ag |  | Corporate and Other |  | Total
| (Dollars in thousands)
Balances, August 31, 2016 - As previously reported | $ | 552 |  |  | $ | 148,916 |  |  | $ | 10,946 |  |  | $ | 160,414 |
Cumulative restatement adjustments | — |  |  | (16,130 | ) |  | — |  |  | (16,130 | )
Balances, August 31, 2016 - As restated | 552 |  |  | 132,786 |  |  | 10,946 |  |  | 144,284 |
Effect of foreign currency translation adjustments | — |  |  | 352 |  |  | — |  |  | 352 |
Impairment | — |  |  | (5,542 | ) |  | — |  |  | (5,542 | )
Other | — |  |  | (268 | ) |  | (372 | ) |  | (640 | )
Balances, August 31, 2017 - As restated | $ | 552 |  |  | $ | 127,328 |  |  | $ | 10,574 |  |  | $ | 138,454 |
Effect of foreign currency translation adjustments | — |  |  | 10 |  |  | — |  |  | 10 |
Other | — |  |  | — |  |  | — |  |  | — |
Balances, August 31, 2018 | $ | 552 |  |  | $ | 127,338 |  |  | $ | 10,574 |  |  | $ | 138,464 |
Schedule of Intangible Assets included in Other Assets | Information regarding intangible assets included in other assets on our Consolidated Balance Sheets is as follows:
| August 31, 2018 |  | August 31, 2017
| Carrying Amount |  | Accumulated Amortization |  | Net |  | Carrying Amount |  | Accumulated Amortization |  | Net
| (Dollars in thousands)
Customer lists | $ | 40,815 |  |  | $ | (13,082 | ) |  | $ | 27,733 |  |  | $ | 46,180 |  |  | $ | (14,695 | ) |  | $ | 31,485 |
Trademarks and other intangible assets | 6,536 |  |  | (4,931 | ) |  | 1,605 |  |  | 23,623 |  |  | (21,778 | ) |  | 1,845 |
Total intangible assets | $ | 47,351 |  |  | $ | (18,013 | ) |  | $ | 29,338 |  |  | $ | 69,803 |  |  | $ | (36,473 | ) |  | $ | 33,330 |
Estimated Amortization Expense Related to Intangible Assets Subject to Amortization | The estimated annual amortization expense related to intangible assets subject to amortization for the next five years is as follows:
| (Dollars in thousands)
2019 | $ | 3,355 |
2020 | 3,272 |
2021 | 3,201 |
2022 | 2,989 |
2023 | 2,910 |
Thereafter | 13,515 |
Total | $ | 29,242 |
Activity Related to Capitalized Major Maintenance Costs at Refineries | Activity related to capitalized major maintenance costs at our refineries for the years ended August 31, 2018, 2017, and 2016, is summarized below:
| Balance at Beginning of Year |  | Cost Deferred |  | Amortization |  | Balance at End of Year
| (Dollars in thousands)
2018 | $ | 105,006 |  |  | $ | 87,460 |  |  | $ | (61,686 | ) |  | $ | 130,780 |
2017 | 169,054 |  |  | 3,010 |  |  | (67,058 | ) |  | 105,006 |
2016 | 241,588 |  |  | 949 |  |  | (73,483 | ) |  | 169,054 |

X
- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.17) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amounts of other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration