XML 56 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

FAIR VALUE (Tables) | 9 Months Ended
--- | ---
May 31, 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) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
As of May 31, 2025: |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Investment deposit accounts(1) |  | $ | 772,026 |  |  | $ | 772,026 |  |  | $ | — |  |  | $ | — |
Commodity derivative assets |  | 70,312 |  |  | 3,324 |  |  | — |  |  | 66,988 |
Foreign exchange derivative assets |  | 1,428 |  |  | — |  |  | 1,428 |  |  | — |
Liabilities: |  |  |  |  |  |  |  |
Commodity derivative liabilities |  | 168 |  |  | 168 |  |  | — |  |  | — |
Foreign exchange derivative liabilities |  | 1,336 |  |  | — |  |  | 1,336 |  |  | — |
As of August 31, 2024: |  |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |  |
Investment deposit accounts(1) |  | $ | 718,110 |  |  | $ | 718,110 |  |  | $ | — |  |  | $ | — |
Commodity derivative assets |  | 40,225 |  |  | 2,196 |  |  | — |  |  | 38,029 |
Foreign exchange derivative assets |  | 419 |  |  | — |  |  | 419 |  |  | — |
Liabilities: |  |  |  |  |  |  |  |
Commodity derivative liabilities |  | 3,602 |  |  | 3,602 |  |  | — |  |  | — |
Foreign exchange derivative liabilities |  | 1,885 |  |  | — |  |  | 1,885 |  |  | — |
__________________________________ (1) Investment deposit accounts are short-term in nature, and their value is based on principal plus interest. The following table summarizes the range of floating rates used to measure the fair value of the Level 3 commodity derivatives as of May 31, 2025 and August 31, 2024, which are applied uniformly across each of the Company's Level 3 commodity derivatives:
|  | Floating rate (PLN)
|  | Low |  | High |  | Average
May 31, 2025 |  | 369 |  |  | 563 |  |  | 453 |
August 31, 2024 |  | 324 |  |  | 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 was the primary reason for unrealize d gains and losses in OCI for the three and nine months ended May 31, 2025 and 2024.
(in thousands) |  | Three Months Ended May 31, 2025
Balance, March 1, 2025 |  | $ | 55,358 |
Unrealized holding gain before reclassification(1) |  | 13,252 |
Reclassification for gain included in net earnings(2) |  | (1,622) |
Balance, May 31, 2025 |  | $ | 66,988 |
(in thousands) |  | Nine Months Ended May 31, 2025
Balance, September 1, 2024 |  | $ | 38,029 |
Unrealized holding gain before reclassification(1) |  | 37,043 |
Reclassification for gain included in net loss(2) |  | (8,084) |
Balance, May 31, 2025 |  | $ | 66,988 |
(in thousands) |  | Three Months Ended May 31, 2024
Balance, March 1, 2024 |  | $ | 86,317 |
Unrealized holding loss before reclassification(1) |  | (35,907) |
Reclassification for gain included in net earnings(2) |  | (1,298) |
Balance, May 31, 2024 |  | $ | 49,112 |
(in thousands) |  | Nine Months Ended May 31, 2024
Balance, September 1, 2023 |  | $ | 194,425 |
Unrealized holding loss before reclassification(1) |  | (139,665) |
Reclassification for gain included in net earnings(2) |  | (5,648) |
Balance, May 31, 2024 |  | $ | 49,112 |
__________________________________ (1) Unrealized holding gains (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) Realized gains included in net earnings (loss) are recorded in cost of goods sold in the condensed consolidated statements of earnings (loss).

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration