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FAIR VALUE (Tables)
 3 Months Ended
Nov. 30, 2024
Fair Value Disclosures [Abstract]  
Financial assets and financial liabilities measured at fair value on a recurring basis The following table summarizes information regarding the Company's financial assets and financial liabilities that were measured at fair value on a recurring basis:
  Fair Value Measurements at Reporting Date Using
(in thousands)TotalQuoted Prices in
Active Markets for
Identical Assets
(Level 1)		Significant Other
Observable Inputs
(Level 2)		Significant
Unobservable Inputs
(Level 3)
As of November 30, 2024:
Assets:
Investment deposit accounts(1)
$709,450 $709,450 $— $— 
Commodity derivative assets(2)
38,199 4,896 — 33,303 
Foreign exchange derivative assets(2)
1,746 — 1,746 — 
Liabilities:
Commodity derivative liabilities(2)
1,970 1,970 — — 
Foreign exchange derivative liabilities(2)
441 — 441 — 
As of August 31, 2024:
Assets:
Investment deposit accounts(1)
$718,110 $718,110 $— $— 
Commodity derivative assets(2)
40,225 2,196 — 38,029 
Foreign exchange derivative assets(2)
419 — 419 — 
Liabilities:
Commodity derivative liabilities(2)
3,602 3,602 — — 
Foreign exchange derivative liabilities(2)
1,885 — 1,885 — 
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(1) Investment deposit accounts are short-term in nature, and the value is determined by principal plus interest. The investment portfolio mix can change each period based on the Company's assessment of investment options.
(2) Derivative assets and liabilities classified as Level 1 are commodity futures contracts valued based on quoted market prices in the London Metal Exchange or New York Mercantile Exchange. Amounts in Level 2 are based on broker quotes in the over-the-counter market. Derivatives classified as Level 3 are described below. Further discussion regarding the Company's use of derivative instruments is included in Note 8, Derivatives.
The following table summarizes the range of floating rates used to measure the fair value of the Level 3 commodity derivatives at November 30, 2024 and August 31, 2024, which are applied uniformly across each of our Level 3 commodity derivatives:
Floating rate (PLN)
LowHighAverage
November 30, 2024324 518 406 
August 31, 2024324 510 405 
Fair value, net derivative asset (liability) measured on recurring basis, unobservable input reconciliation
Below is a reconciliation of the beginning and ending balances of the Level 3 commodity derivatives recognized in the condensed consolidated statements of comprehensive income (loss). Amounts presented are before income taxes. The fluctuation in energy rates over time may cause volatility in the fair value estimate and is the primary reason for unrealized gains and losses in OCI in the three months ended November 30, 2024 and 2023.                                     
(in thousands)Three Months Ended November 30, 2024
Balance, September 1, 2024$38,029 
Total activity, realized and unrealized:
Unrealized holding loss before reclassification(1)
(1,691)
Reclassification for gain included in net loss(2)
(3,035)
Balance, November 30, 2024$33,303 
(in thousands)Three Months Ended November 30, 2023
Balance, September 1, 2023$194,425 
Total activity, realized and unrealized:
Unrealized holding loss before reclassification(1)
(47,277)
Reclassification for gain included in net earnings(2)
(2,791)
Balance, November 30, 2023$144,357 
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(1) Unrealized holding losses, net of foreign currency translation, less amounts reclassified are included in net unrealized holding gain (loss) on derivatives in the condensed consolidated statements of comprehensive income (loss).
(2) Gains included in net earnings (loss) are recorded in cost of goods sold in the condensed consolidated statements of earnings (loss).