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DERIVATIVES (Tables) | 3 Months Ended
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Nov. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Commodity contract commitments | The following table provides information regarding the Company's commodity contract commitments at November 30, 2019:
Commodity |  | Long/Short |  | Total
Aluminum |  | Long |  | 1,975 |  | MT
Copper |  | Long |  | 987 |  | MT
Copper |  | Short |  | 7,178 |  | MT
Electricity |  | Long |  | 2,000,000 |  | MW(h)
_________________ MT = Metric Ton MW(h) = Megawatt hour
Derivatives not designated as hedging instruments | The following table summarizes activity related to the Company's derivative instruments not designated as hedging instruments recognized in the condensed consolidated statements of earnings. All other activity related to the Company's derivative instruments and hedged items was immaterial for the periods presented.
|  |  |  | Three Months Ended November 30,
Derivatives Not Designated as Hedging Instruments (in thousands) |  | Location |  | 2019 |  | 2018
Commodity |  | Cost of goods sold |  | $ | (1,315 | ) |  | $ | (840 | )
Foreign exchange |  | SG&A expenses |  | 41 |  |  | 126 |
Loss before income taxes |  |  |  | $ | (1,274 | ) |  | $ | (714 | )

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