Accumulated Other Comprehensive Loss

12 Months Ended

Aug. 31, 2018

Note 5 – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is included in the accompanying consolidated balance sheets in the shareholders’ equity section, and consists of the following components:

	August 31,
($ in thousands)	2018			2017
Accumulated other comprehensive loss:
Defined benefit pension plan, net of tax benefit of $1,362 and $1,451	$	(2,199	)	$	(2,450	)
Foreign currency translation, net of hedging activities, net of tax expense of $2,686 and $2,508		(15,889	)		(9,658	)
Total accumulated other comprehensive loss	$	(18,088	)	$	(12,108	)

The following is a roll-forward of the balances in accumulated other comprehensive income (loss), net of tax.

	Defined			Foreign			Accumulated
	benefit			currency			other
	pension plan			translation			comprehensive
($ in thousands)	adjustment			adjustment			loss
Balance at August 31, 2016	$	(2,781	)	$	(11,391	)	$	(14,172	)
Current-period change		331			1,733			2,064
Balance at August 31, 2017		(2,450	)		(9,658	)		(12,108	)
Current-period change		251			(6,231	)		(5,980	)
Balance at August 31, 2018	$	(2,199	)	$	(15,889	)	$	(18,088	)