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Derivative Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Nov. 30, 2017

Derivative Financial Instruments and Hedging Activities [Abstract]

Fair Value of Assets and Liabilities Related to Foreign Forward Exchange Contracts Measured on Recurring Basis

The following table presents the Company’s assets and liabilities related to forward foreign exchange contracts measured at fair value on a recurring basis as of November 30, 2017, aggregated by the level in the fair-value hierarchy in which those measurements are classified (in thousands):

		Level 1			Level 2			Level 3			Total
	Assets:
	Forward foreign exchange contracts	$	―			18,731			―		$	18,731
	Liabilities:
	Forward foreign exchange contracts		―			(9,640)			―			(9,640)
	Total	$	―			9,091			―		$	9,091

Fair Value of Derivative Instruments Located on Consolidated Balance Sheets Utilized for Foreign Currency Risk Management Purposes

The following table presents the fair values of the Company’s derivative instruments recorded in the Condensed Consolidated Balance Sheets as of November 30, 2017 and August 31, 2017 (in thousands):

Fair Values of Derivative Instruments

Asset Derivatives

Liability Derivatives

Balance Sheet

Fair Value as of

Fair Value as of

Balance Sheet

Fair Value as of

Fair Value as of

Location

November 30, 2017

August 31, 2017

Location

November 30, 2017

August 31, 2017

Derivatives designated as

hedging instruments:

Prepaid expenses

Forward foreign exchange

and other current

Accrued

contracts

assets

$

6,403

$

8,380

expenses

$

252

$

1,408

Derivatives not designated

as hedging instruments:

Prepaid expenses

Forward foreign exchange

and other current

Accrued

contracts

assets

$

12,328

$

31,280

expenses

$

9,388

$

9,131

X

- References

No definition available.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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