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EMPLOYEES' RETIREMENT PLANS | 12 Months Ended
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Aug. 31, 2016
Compensation and Retirement Disclosure [Abstract] |
EMPLOYEES' RETIREMENT PLANS | NOTE 18. EMPLOYEES' RETIREMENT PLANS Substantially all employees in the U.S. are covered by a defined contribution retirement plan. This tax qualified plan is maintained and contributions are made in accordance with the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). The Company also provides certain eligible executives benefits pursuant to its BRP Plan equal to amounts that would have been available under the tax qualified ERISA plan, but were subject to the limitations of ERISA, tax laws and regulations. Company expenses for these plans, a portion of which are discretionary, are recorded in both cost of goods sold and selling, general and administrative expenses and totaled $25.0 million, $9.7 million and $19.3 million for the years ended August 31, 2016, 2015 and 2014, respectively. The deferred compensation liability under the BRP Plan was $71.0 million and $72.3 million at August 31, 2016 and 2015, respectively, and is included in other long-term liabilities on the Company's consolidated balance sheets. Though under no obligation to fund the plan, the Company has segregated assets in a trust with a current value of $69.7 million and $66.6 million at August 31, 2016 and 2015, respectively, and such assets are included in other long-term assets on the Company's consolidated balance sheets. The net holding gain on these segregated assets was $5.4 million for the year ended August 31, 2016, an immaterial loss for the year ended August 31, 2015 and a gain of $13.3 million for the year ended August 31, 2014, and is included in net sales in the Company's consolidated statements of earnings. A certain number of employees, primarily outside of the U.S., participate in defined benefit plans that are maintained in accordance with local regulations. The Company's expenses for these plans were $0.6 million, $0.7 million and $2.0 million for the years ended August 31, 2016, 2015 and 2014, respectively, and are included in selling, general and administrative expenses in the Company's consolidated statements of earnings. The Company recognizes the unfunded status of the defined benefit plans as a liability with a corresponding reduction to accumulated other comprehensive income, net of income taxes. At August 31, 2016 and 2015, the Company's liability related to the unfunded status of the defined benefit plans was $1.6 million and $1.5 million, respectively, and is included in other long-term liabilities on the Company's consolidated balance sheets. Because the defined benefit pension plans are not material to the Company's consolidated financial statements, disclosures that would have otherwise been required by GAAP have been omitted.

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References No definition available. + Details
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