v3.26.1
Restructuring Charges (Tables) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
May 31, 2026
May 31, 2025
May 31, 2026
May 31, 2025
Restructuring and Related Activities [Abstract]        
Restructuring and Related Activities Disclosure [Text Block]    
Note 3. Restructuring Charges
The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms.
In the second quarter of fiscal 2026, the Company announced a new restructuring plan rightsizing our Hydratight service operation in the IT&S segment and reducing headcount in the segment to align with current market conditions, primarily in the EMEA Region (the “FY26 Restructuring Plan”). The restructuring is also designed to support our strategic transition of the IT&S segment toward a higher margin service business and growth objectives. In connection with the announcement of this plan, the Company recorded $3.3 million of restructuring costs in the nine months ended May 31, 2026.
The following summarizes reserve activity related to the FY26 Restructuring Plan for the IT&S segment for the nine months ended May 31, 2026:
(in thousands)IT&S
Balance as of August 31, 2025$— 
Restructuring charges3,283 
Cash payments(706)
Other non-cash uses of reserve(370)
Impact of changes in foreign currency rates(32)
Balance as of May 31, 2026$2,175 
During the three months ended May 31, 2025, in light of the soft market conditions and another step towards increasing efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three quarters was related to personnel actions and the remainder were charges associated with the Company's former headquarters location (the “FY25 Restructuring Plan”).
The following summarizes FY25 Restructuring Plan restructuring reserve activity for the IT&S segment and Corporate:
(in thousands)Nine Months Ended May 31, 2026
IT&SCorporate
Balance as of August 31, 2025$1,706 $1,379 
Cash payments(1,535)(1,364)
Impact of changes in foreign currency rates(44)— 
Balance as of May 31, 2026$127 $15 
Nine Months Ended May 31, 2025
IT&SCorporate
Balance as of August 31, 2024$— $— 
Restructuring charges2,493 3,369 
Cash payments— (415)
Balance as of May 31, 2025$2,493 $2,954 
  
Restructuring and Related Costs [Table Text Block]    
The following summarizes reserve activity related to the FY26 Restructuring Plan for the IT&S segment for the nine months ended May 31, 2026:
(in thousands)IT&S
Balance as of August 31, 2025$— 
Restructuring charges3,283 
Cash payments(706)
Other non-cash uses of reserve(370)
Impact of changes in foreign currency rates(32)
Balance as of May 31, 2026$2,175 
During the three months ended May 31, 2025, in light of the soft market conditions and another step towards increasing efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three quarters was related to personnel actions and the remainder were charges associated with the Company's former headquarters location (the “FY25 Restructuring Plan”).
The following summarizes FY25 Restructuring Plan restructuring reserve activity for the IT&S segment and Corporate:
(in thousands)Nine Months Ended May 31, 2026
IT&SCorporate
Balance as of August 31, 2025$1,706 $1,379 
Cash payments(1,535)(1,364)
Impact of changes in foreign currency rates(44)— 
Balance as of May 31, 2026$127 $15 
Nine Months Ended May 31, 2025
IT&SCorporate
Balance as of August 31, 2024$— $— 
Restructuring charges2,493 3,369 
Cash payments— (415)
Balance as of May 31, 2025$2,493 $2,954 
  
Restructuring Charges $ 0 $ 5,862 $ 3,283 $ 5,862
Restructuring Reserve [Roll Forward]        
Restructuring Charges 0 5,862 3,283 5,862
ETG FY25 Restructuring Plan        
Restructuring and Related Activities [Abstract]        
Restructuring Charges   5,900    
Restructuring Reserve [Roll Forward]        
Restructuring Charges   5,900    
Industrial Tools & Services [Member] [Domain]        
Restructuring and Related Activities [Abstract]        
Restructuring Charges 0 2,493 3,283 2,493
Restructuring Reserve [Roll Forward]        
Restructuring Charges 0 2,493 3,283 2,493
Industrial Tools & Services [Member] [Domain] | ETG FY25 Restructuring Plan        
Restructuring and Related Activities [Abstract]        
Beginning Balance     1,706 0
Restructuring Charges       2,493
Cash payments     (1,535) 0
Ending Balance 127 2,493 127 2,493
Restructuring Reserve [Roll Forward]        
Beginning Balance     1,706 0
Restructuring Charges       2,493
Cash payments     (1,535) 0
Ending Balance $ 127 $ 2,493 $ 127 $ 2,493