Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Aug. 31, 2017

Description of Business and Summary of Significant Accounting Policies [Abstract]

Accumulated Other Comprehensive Income

The following table sets forth the changes in accumulated other comprehensive income (“AOCI”), net of tax, by component during the fiscal year ended August 31, 2017 (in thousands):

			Foreign Currency Translation Adjustment⁽¹⁾		Derivative Instruments⁽²⁾		Actuarial (Loss) Gain⁽³⁾		Prior Service Cost⁽³⁾		Available for Sale Securities⁽⁴⁾		Total
Balance as of August 31, 2016			$	16,338	$	7,784	$	(43,587)	$	941	$	(21,353)	$	(39,877)
	Other comprehensive income (loss) before
		reclassifications		35,297		13,434		8,443		86		10,611		67,871
	Amounts reclassified from AOCI			5,947		8,749		1,929		(138)		10,139		26,626
Other comprehensive income (loss)				41,244		22,183		10,372		(52)		20,750		94,497
Balance as of August 31, 2017			$	57,582	$	29,967	$	(33,215)	$	889	$	(603)	$	54,620

(1) There is no tax benefit (expense) related to the foreign currency translation adjustment components of AOCI, including reclassification adjustments, for the fiscal years ended August 31, 2017 and 2016.

(2) The portions of AOCI reclassified into earnings during the fiscal years ended August 31, 2017 and 2016 for derivative instruments were primarily classified as a component of cost of revenue. The portion that is expected to be reclassified into earnings during the next 12 months will primarily be classified as a component of cost of revenue. The annual tax benefit (expense) for unrealized gains on derivative instruments, including reclassification adjustments, is $(1.9) million and $(4.0) million for the fiscal years ended August 31, 2017 and 2016, respectively. The accumulated tax benefit (expense) for unrealized gains on derivative instruments, including reclassification adjustments, is $13.4 million and $15.3 million for the fiscal years ended August 31, 2017 and 2016, respectively.

(3) The portions of AOCI reclassified into earnings during the fiscal years ended August 31, 2017 and 2016 for actuarial gain and prior service cost are included in the computation of net periodic benefit pension cost. Refer to Note 10 – “Postretirement and Other Employee Benefits” for additional information. The tax benefit (expense) for actuarial gain, including reclassification adjustments, is $(1.0) million and $0.6 million, and for prior service cost, including reclassification adjustments, is $(0.3) million and $(0.3) million for the fiscal years ended August 31, 2017 and 2016.

(4) The portion of AOCI reclassified into earnings during the fiscal year ended August 31, 2017 for available for sale securities was due to an other than temporary impairment on securities and was classified as a component of other expense. There is no tax benefit (expense) related to the available for sale securities components of AOCI, including reclassification adjustments, for the fiscal years ended August 31, 2017 and 2016.

Dilutive shares outstanding not included in the computation of EPS

Dilutive shares outstanding not included in the computation of earnings per share because their effect was antidilutive were as follows (in thousands):

	Fiscal Year Ended August 31,
	2017		2016		2015
Stock options		―		―		218
Stock appreciation rights		265		2,381		3,585