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FAIR VALUE (Tables)
 6 Months Ended
Feb. 28, 2025
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)TotalLevel 1Level 2Level 3
As of February 28, 2025:
Assets:
Investment deposit accounts(1)
$630,800 $630,800 $— $— 
Commodity derivative assets57,223 1,865 — 55,358 
Foreign exchange derivative assets3,707 — 3,707 — 
Liabilities:
Commodity derivative liabilities4,056 4,056 — — 
Foreign exchange derivative liabilities1,250 — 1,250 — 
As of August 31, 2024:
Assets:
Investment deposit accounts(1)
$718,110 $718,110 $— $— 
Commodity derivative assets40,225 2,196 — 38,029 
Foreign exchange derivative assets419 — 419 — 
Liabilities:
Commodity derivative liabilities3,602 3,602 — — 
Foreign exchange derivative liabilities1,885 — 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 following table summarizes the range of floating rates used to measure the fair value of the Level 3 commodity derivatives at February 28, 2025 and August 31, 2024, which are applied uniformly across each of our Level 3 commodity derivatives:
Floating rate (PLN)
LowHighAverage
February 28, 2025324 563 441 
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 and six months ended February 28, 2025 and February 29, 2024.                                     
(in thousands)Three Months Ended February 28, 2025
Balance, December 1, 2024$33,303 
Unrealized holding gain before reclassification(1)
25,482 
Reclassification for gain included in net earnings(2)
(3,427)
Balance, February 28, 2025$55,358 
(in thousands)Six Months Ended February 28, 2025
Balance, September 1, 2024$38,029 
Unrealized holding gain before reclassification(1)
23,791 
Reclassification for gain included in net loss(2)
(6,462)
Balance, February 28, 2025$55,358 
(in thousands)Three Months Ended February 29, 2024
Balance, December 1, 2023$144,357 
Unrealized holding loss before reclassification(1)
(56,481)
Reclassification for gain included in net earnings(2)
(1,559)
Balance, February 29, 2024$86,317 
(in thousands)Six Months Ended February 29, 2024
Balance, September 1, 2023$194,425 
Unrealized holding loss before reclassification(1)
(103,758)
Reclassification for gain included in net earnings(2)
(4,350)
Balance, February 29, 2024$86,317 
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(1) Unrealized holding gain (loss), 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) Realized gains included in net earnings (loss) are recorded in cost of goods sold in the condensed consolidated statements of earnings (loss).