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DERIVATIVES AND RISK MANAGEMENT (Tables)

12 Months Ended

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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