XML 40 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 6 Months Ended
Feb. 28, 2017
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 February 28, 2017
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance, November 30, 2016
 
$
(133,786
)
 
$
2,128

 
$
(2,854
)
 
$
(134,512
)
Other comprehensive income before reclassifications
 
9,551

 
310

 
—

 
9,861

Amounts reclassified from AOCI
 
—

 
(330
)
 
(9
)
 
(339
)
Net other comprehensive income (loss)
 
9,551

 
(20
)
 
(9
)
 
9,522

Balance, February 28, 2017
 
$
(124,235
)
 
$
2,108

 
$
(2,863
)
 
$
(124,990
)

 
 
Six Months Ended February 28, 2017
(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
 
(11,980
)
 
442

 
—

 
(11,538
)
Amounts reclassified from AOCI
 
—

 
(520
)
 
(18
)
 
(538
)
Net other comprehensive loss
 
(11,980
)
 
(78
)
 
(18
)
 
(12,076
)
Balance, February 28, 2017
 
$
(124,235
)
 
$
2,108

 
$
(2,863
)
 
$
(124,990
)

 
 
Three Months Ended February 29, 2016
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance, November 30, 2015
 
$
(135,076
)
 
$
2,178

 
$
(2,760
)
 
$
(135,658
)
Other comprehensive income before reclassifications
 
4,211

 
494

 
—

 
4,705

Amounts reclassified from AOCI
 
—

 
(56
)
 
(2
)
 
(58
)
Net other comprehensive income (loss)
 
4,211

 
438

 
(2
)
 
4,647

Balance, February 29, 2016
 
$
(130,865
)
 
$
2,616

 
$
(2,762
)
 
$
(131,011
)

 
 
Six Months Ended February 29, 2016
(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 income (loss) before reclassifications
 
(17,784
)
 
485

 
—

 
(17,299
)
Amounts reclassified from AOCI
 
—

 
(174
)
 
(3
)
 
(177
)
Net other comprehensive income (loss)
 
(17,784
)
 
311

 
(3
)
 
(17,476
)
Balance, February 29, 2016
 
$
(130,865
)
 
$
2,616

 
$
(2,762
)
 
$
(131,011
)
Schedule of reclassification out of accumulated other comprehensive income (loss)
The significant items reclassified out of AOCI and the corresponding line items in the unaudited condensed consolidated statements of earnings to which the items were reclassified were as follows:
 
 
 
 
Three Months Ended
 
Six Months Ended
Components of AOCI (in thousands)
 
Location
 
February 28,
2017
 
February 29,
2016
 
February 28,
2017
 
February 29,
2016
Unrealized gain (loss) on derivatives:
 

 
 
 
 
 


 
 
Commodity
 
Cost of goods sold
 
$
(33
)
 
$
(59
)
 
$
(125
)
 
$
(110
)
Foreign exchange
 
Net sales
 
329

 
(450
)
 
244

 
(393
)
Foreign exchange
 
Cost of goods sold
 
(172
)
 
426

 
(44
)
 
418

Foreign exchange
 
SG&A expenses
 
138

 
35

 
290

 
70

Interest rate
 
Interest expense
 
132

 
132

 
266

 
266

 
 
 
 
394

 
84

 
631

 
251

Income tax effect
 
Income taxes
 
(64
)
 
(28
)
 
(111
)
 
(77
)
Net of income taxes
 
 
 
$
330

 
$
56

 
$
520

 
$
174

Defined benefit obligation:
 

 
 
 
 
 
 
 
 
Amortization of prior services
 
SG&A expenses
 
$
11

 
$
2

 
$
22

 
$
4

Income tax effect
 
Income taxes
 
(2
)
 
—

 
(4
)
 
(1
)
Net of income taxes
 

 
$
9

 
$
2

 
$
18

 
$
3

Amounts in parentheses reduce earnings.