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DERIVATIVES (Tables) | 9 Months Ended
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May 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Commodity contract commitments | The following table provides information regarding the Company's commodity contract commitments at May 31, 2020:
Commodity |  | Long/Short |  | Total |
Aluminum |  | Long |  | 2,300 |  | MT
Aluminum |  | Short |  | 1,100 |  | MT
Copper |  | Long |  | 318 |  | MT
Copper |  | Short |  | 4,990 |  | 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 May 31, |  |  |  | Nine Months Ended May 31, |  |
Derivatives Not Designated as Hedging Instruments (in thousands) |  | Location |  | 2020 |  | 2019 |  | 2020 |  | 2019
Commodity |  | Cost of goods sold |  | $ | 1,465 |  |  | $ | 3,408 |  |  | $ | 1,881 |  |  | $ | 143 |
Foreign exchange |  | SG&A expenses |  | (890) |  |  | (72) |  |  | (870) |  |  | (472) |
Gain (loss) before income taxes |  |  |  | $ | 575 |  |  | $ | 3,336 |  |  | $ | 1,011 |  |  | $ | (329) |

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