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DERIVATIVES AND RISK MANAGEMENT (Tables) | 12 Months Ended
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Aug. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Commodity Contract Commitments | The following table provides information regarding the Company's commodity contract commitments as of August 31, 2019:
Commodity |  | Long/Short |  | Total
Aluminum |  | Long |  | 2,125 |  |  | MT
Copper |  | Long |  | 510 |  |  | MT
Copper |  | Short |  | 6,158 |  |  | MT
_________________ MT = Metric Ton
Derivatives Not Designated as Hedging Instruments | The following tables summarize activities related to the Company's derivative instruments and hedged items recognized in the consolidated statements of earnings:
|  |  |  | Year Ended August 31,
Derivatives Not Designated as Hedging Instruments (in thousands) |  | Location |  | 2019 |  | 2018 |  | 2017
Commodity |  | Cost of goods sold |  | $ | 1,716 |  |  | $ | 7,043 |  |  | $ | (9,095 | )
Foreign exchange |  | Cost of goods sold |  | — |  |  | (50 | ) |  | (47 | )
Foreign exchange |  | SG&A expenses |  | (543 | ) |  | 110 |  |  | (5,400 | )
Gain (loss) before income taxes |  |  |  | $ | 1,173 |  |  | $ | 7,103 |  |  | $ | (14,542 | )

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