v3.26.3
ACQUISITION (Tables)
 12 Months Ended
Aug. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The table below presents the preliminary fair value and measurement period adjustments that were allocated to Foley's assets and liabilities as of the Foley Acquisition Date based upon fair values as determined by the Company. Final determination of fair values may result in further adjustments to the values presented in the following table:
(in thousands)Estimated Fair Value as of Acquisition DateMeasurement Period AdjustmentsEstimated Fair Value
Cash$9,890 $— $9,890 
Accounts receivable60,089 (25)60,064 
Inventories35,846 562 36,408 
Other current assets1,823 (52)1,771 
Property, plant and equipment244,728 10 244,738 
Intangible assets194,800 — 194,800 
Goodwill1,332,481 1,231 1,333,712 
Other noncurrent assets4,225 (17)4,208 
Accounts payable-trade, accrued expenses and other payables(18,247)(1,832)(20,079)
Deferred income taxes(12,000)— (12,000)
Other long-term liabilities(4,227)123 (4,104)
Total assets acquired and liabilities assumed$1,849,408 $— $1,849,408 
The table below presents the preliminary fair value and measurement period adjustments that were allocated to CP&P's assets and liabilities as of the CP&P Acquisition Date based upon fair values as determined by the Company. Final determination of fair values may result in further adjustments to the values presented in the following table:
(in thousands)Estimated Fair Value as of Acquisition DateMeasurement Period AdjustmentsEstimated Fair Value
Cash$434 $— $434 
Accounts receivable38,745 (460)38,285 
Inventories35,764 1,078 36,842 
Other current assets712 — 712 
Property, plant and equipment81,718 (397)81,321 
Intangible assets125,600 — 125,600 
Goodwill415,083 2,510 417,593 
Other noncurrent assets8,309 — 8,309 
Accounts payable-trade, accrued expenses and other payables(22,556)(1,574)(24,130)
Deferred income taxes— (1,157)(1,157)
Other long-term liabilities(6,814)— (6,814)
Total assets acquired and liabilities assumed$676,995 $— $676,995 
Business Combination
The following table summarizes the financial results of Foley from the Foley Acquisition Date through August 31, 2026, that are included in the Company’s consolidated statement of earnings and consolidated statement of comprehensive income.
(in thousands)From the Foley Acquisition Date to August 31, 2026
Net sales$251,145 
Earnings before income taxes
28,379 
The following table summarizes the financial results of CP&P from the CP&P Acquisition Date through August 31, 2026 that are included in the Company’s consolidated statement of earnings and consolidated statement of comprehensive income.
(in thousands)From the CP&P Acquisition Date to August 31, 2026
Net sales$259,974 
Earnings before income taxes
20,821 
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived
The acquired intangible assets consist of:
(in thousands)Useful LifePreliminary Fair Value
Customer relationships10 years$140,700 
Contract backlog1 year48,500 
Trade name5 years5,600 
Total intangible assets$194,800 
The acquired intangible assets consist of:
(in thousands)Life in YearsPreliminary Fair Value
Customer relationships10 years$91,500 
Contract backlog1 year30,500 
Trade name5 years3,600 
Total intangible assets$125,600 
Schedule of Pro Forma Information The resulting tax effects of the business combination are also reflected below.
Year Ended August 31,
(in thousands)20262025
Pro forma net sales$9,518,983 $8,222,269 
Pro forma net earnings
697,292 37,902 
The resulting tax effects of the business combination are also reflected below.
Year Ended August 31,
(in thousands)20262025
Pro forma net sales$9,466,664 $8,064,530 
Pro forma net earnings
691,791 78,799