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DERIVATIVES (Tables) | 6 Months Ended
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Feb. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Commodity contract commitments | The following table provides information regarding the Company's commodity contract commitments at February 28, 2025:
Commodity |  | Position |  | Total
Copper |  | Long |  | 408 |  | MT
Copper |  | Short |  | 9,843 |  | MT
Electricity |  | Long |  | 2,990,000 |  | MW(h)
Natural Gas |  | Long |  | 4,762,000 |  | MMBtu
__________________________________ MT = Metric ton MW(h) = Megawatt hour MMBtu = Million British thermal unit
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location | The following table summarizes the location and amounts of the fair value of the Company's derivative instruments reported in the condensed consolidated balance sheets:
(in thousands) |  | Primary Location |  | February 28, 2025 |  | August 31, 2024
Derivative assets: |  |  |  |  |  |
Commodity |  | Prepaid and other current assets |  | $ | 10,568 |  |  | $ | 9,823 |
Commodity |  | Other noncurrent assets |  | 46,655 |  |  | 30,402 |
Foreign exchange |  | Prepaid and other current assets |  | 3,707 |  |  | 419 |
Derivative liabilities: |  |  |  |  |  |
Commodity |  | Other accrued expenses and payables |  | $ | 4,056 |  |  | $ | 3,445 |
Commodity |  | Other noncurrent liabilities |  | — |  |  | 157 |
Foreign exchange |  | Other accrued expenses and payables |  | 1,187 |  |  | 1,885 |
Foreign exchange |  | Other noncurrent liabilities |  | 63 |  |  | — |
Derivative instruments, gain (loss) | The following table summarizes activities related to the Company's derivatives not designated as hedging instruments recognized in the condensed consolidated statements of earnings (loss). All other activity related to the Company's derivatives not designated as hedging instruments was immaterial for the periods presented.
Gain (Loss) on Derivatives Not Designated as Hedging Instruments (in thousands) |  |  |  | Three Months Ended |  | Six Months Ended
| Primary Location |  | February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Commodity |  | Cost of goods sold |  | $ | (8,484) |  |  | $ | 782 |  |  | $ | (4,742) |  |  | $ | 710 |
Foreign exchange |  | SG&A expenses |  | 5,186 |  |  | 443 |  |  | 2,014 |  |  | 3,982 |
The following tables summarize activities related to the Company's derivatives designated as cash flow hedging instruments recognized in the condensed consolidated statements of comprehensive income (loss) and condensed consolidated statements of earnings (loss). Amounts presented do not include the effects of foreign currency translation adjustments.
Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Gain (Loss) Recognized in OCI, Net of Income Taxes (in thousands) |  | Three Months Ended |  | Six Months Ended
| February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Commodity |  | $ | 22,690 |  |  | $ | (47,932) |  |  | $ | 23,102 |  |  | $ | (90,884) |
Foreign exchange |  | 5 |  |  | 8 |  |  | 13 |  |  | 15 |
Gain on Derivatives Designated as Cash Flow Hedging Instruments Reclassified from AOCL into Net Earnings (Loss) (in thousands) |  |  |  | Three Months Ended |  | Six Months Ended
| Primary Location |  | February 28, 2025 |  | February 29, 2024 |  | February 28, 2025 |  | February 29, 2024
Commodity |  | Cost of goods sold |  | $ | 2,998 |  |  | $ | 136 |  |  | $ | 4,571 |  |  | $ | 1,901 |
Foreign exchange |  | SG&A expenses |  | 42 |  |  | 61 |  |  | 107 |  |  | 122 |

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