XML 38 R26.htm IDEA: XBRL DOCUMENT v3.6.0.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Nov. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"), net of income taxes:
 
 
Three Months Ended November 30, 2016
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance, August 31, 2016
 
$
(112,255
)
 
$
2,186

 
$
(2,845
)
 
$
(112,914
)
Other comprehensive income (loss) before reclassifications
 
(21,531
)
 
132

 

 
(21,399
)
Amounts reclassified from AOCI
 

 
(190
)
 
(9
)
 
(199
)
Net other comprehensive loss
 
(21,531
)
 
(58
)
 
(9
)
 
(21,598
)
Balance, November 30, 2016
 
$
(133,786
)
 
$
2,128

 
$
(2,854
)
 
$
(134,512
)

 
 
Three Months Ended November 30, 2015
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance, August 31, 2015
 
$
(113,081
)
 
$
2,305

 
$
(2,759
)
 
$
(113,535
)
Other comprehensive loss before reclassifications
 
(21,995
)
 
(9
)
 

 
(22,004
)
Amounts reclassified from AOCI
 

 
(118
)
 
(1
)
 
(119
)
Net other comprehensive loss
 
(21,995
)
 
(127
)
 
(1
)
 
(22,123
)
Balance, November 30, 2015
 
$
(135,076
)
 
$
2,178

 
$
(2,760
)
 
$
(135,658
)
 
 
 
 
 
 
 
 
 
Schedule of reclassification out of accumulated other comprehensive income (loss)
The significant items reclassified out of AOCI and the corresponding line items in the condensed consolidated statements of earnings to which the items were reclassified were as follows:
 
 
 
 
Three Months Ended November 30,
Components of AOCI (in thousands)
 
Location
 
2016
 
2015
Unrealized gain (loss) on derivatives:
 

 


 
 
Commodity
 
Cost of goods sold
 
$
(92
)
 
$
(51
)
Foreign exchange
 
Net sales
 
(85
)
 
57

Foreign exchange
 
Cost of goods sold
 
128

 
(8
)
Foreign exchange
 
SG&A expenses
 
152

 
35

Interest rate
 
Interest expense
 
134

 
134

 
 
 
 
237

 
167

Income tax effect
 
Income taxes
 
(47
)
 
(49
)
Net of income taxes
 
 
 
$
190

 
$
118

Defined benefit obligation:
 

 
 
 
 
Amortization of prior services
 
SG&A expenses
 
$
11

 
$
2

Income tax effect
 
Income taxes
 
(2
)
 
(1
)
Net of income taxes
 

 
$
9

 
$
1

Amounts in parentheses reduce earnings.