Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2021

Note 9 – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following:

(In thousands)	Unrealized Gain (Loss) on Derivative Financial Instruments			Foreign Currency Translation Adjustment			Other			Accumulated Other Comprehensive Loss
Balance, August 31, 2020	$	(11,970	)	$	(39,816	)	$	(1,031	)	$	(52,817	)
Other comprehensive gain (loss) before reclassifications		(237	)		9,298			(138	)		8,923
Amounts reclassified from Accumulated other comprehensive loss		3,904			—			—			3,904
Balance, May 31, 2021	$	(8,303	)	$	(30,518	)	$	(1,169	)	$	(39,990	)

The amounts reclassified out of Accumulated other comprehensive loss into the Consolidated Statements of Income, with financial statement caption, were as follows:

	Three Months Ended May 31,
(In thousands)	2021			2020			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	546		$	1,711		Revenue and Cost of revenue
Interest rate swap contracts		1,307			783		Interest and foreign exchange
Total before tax		1,853			2,494
Income tax		(464	)		(649	)
Net of tax	$	1,389		$	1,845

	Nine Months Ended May 31,
(In thousands)	2021			2020			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	1,218		$	1,812		Revenue and Cost of revenue
Interest rate swap contracts		3,901			1,319		Interest and foreign exchange
Total before tax		5,119			3,131
Income tax		(1,215	)		(809	)
Net of tax	$	3,904		$	2,322