The following is a summary of the Company's components of property, plant and equipment (in thousands):
August 31,
20252024
Land, buildings and improvements$27,272 $14,670 
Machinery and equipment152,138 145,604 
Gross property, plant and equipment179,410 160,274 
Less: Accumulated depreciation(126,135)(119,989)
Property, plant and equipment, net$53,275 $40,285 

Historical Timeline

Fiscal YearFiled
2025Oct 17, 2025Showing above
2024Oct 21, 2024
2023Oct 20, 2023
2022Oct 25, 2022
2021Oct 25, 2021

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.