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Derivative Instruments (Tables)

9 Months Ended

May 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

		Asset Derivatives										Liability Derivatives
				May 31, 2021				August 31, 2020						May 31, 2021				August 31, 2020
(In thousands)		Balance sheet location		Fair Value				Fair Value				Balance sheet location		Fair Value				Fair Value
Derivatives designated    as hedging    instruments
Foreign forward    exchange contracts		Accounts receivable, net		$	606			$	560			Accounts payable and accrued liabilities		$	9			$	3
Interest rate swap    contracts		Accounts receivable, net			—				—			Accounts payable and accrued liabilities			11,361				15,904
				$	606			$	560					$	11,370			$	15,907
Derivatives not    designated as    hedging instruments
Foreign forward    exchange contracts		Accounts receivable, net		$	4			$	22			Accounts payable and accrued liabilities		$	47			$	—

Effect of Derivative Instruments on the Statements of Income

The Effect of Derivative Instruments on the Statements of Income

Derivatives in cash flow hedging relationships		Location of gain (loss) recognized in income on derivatives		Gain (loss) recognized in income on derivatives three months ended
				May 31, 2021				May 31, 2020
Foreign forward exchange contract		Interest and foreign exchange		$	95			$	154

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives three months ended,							Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income three months ended							Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) three months ended
	May 31, 2021				May 31, 2020				May 31, 2021				May 31, 2020				May 31, 2021				May 31, 2020
Foreign forward    exchange    contracts	$	494			$	(599	)	Revenue	$	(522	)		$	(485	)	Revenue	$	165			$	138
Foreign forward    exchange    contracts		273				(2,015	)	Cost of    revenue		(24	)			(1,226	)	Cost of    revenue		32				130
Interest rate    swap    contracts		(515	)			(5,155	)	Interest and    foreign    exchange		(1,307	)			(783	)	Interest and    foreign    exchange		—				281
	$	252			$	(7,769	)		$	(1,853	)		$	(2,494	)		$	197			$	549

Derivatives in cash flow hedging relationships		Location of gain (loss) recognized in income on derivatives		Gain (loss) recognized in income on derivatives nine months ended
				May 31, 2021				May 31, 2020
Foreign forward exchange contract		Interest and foreign exchange		$	(37	)		$	60

Derivatives in cash flow hedging relationships		Gain (loss) recognized in OCI on derivatives nine months ended								Location of gain (loss) reclassified from accumulated OCI into income		Gain (loss) reclassified from accumulated OCI into income nine months ended								Location of gain (loss) on derivative amount excluded from effectiveness testing)		Gain (loss) recognized on derivative (amount excluded from effectiveness testing) nine months ended
		May 31, 2021				May 31, 2020						May 31, 2021				May 31, 2020						May 31, 2021				May 31, 2020
Foreign forward    exchange contracts		$	(1,118	)		$	164			Revenue		$	(1,145	)		$	(584	)		Revenue		$	467			$	781
Foreign forward    exchange contracts			(22	)			(2,198	)		Cost of revenue			(73	)			(1,228	)		Cost of revenue			97				474
Interest rate swap    contracts			642				(7,939	)		Interest and foreign exchange			(3,901	)			(1,319	)		Interest and foreign exchange			—				—
		$	(498	)		$	(9,973	)				$	(5,119	)		$	(3,131	)				$	564			$	1,255

Effects of Cash Flow Hedges Included in Statements of Income

The following table presents the amounts in the Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended May 31, 2021 and 2020:

		For The Three Months Ended
		May 31, 2021								May 31, 2020
		Total				Amount of gain (loss) on cash flow hedge activity				Total				Amount of gain (loss) on cash flow hedge activity
Revenue		$	450,143			$	(522	)		$	762,557			$	(485	)
Cost of revenue			375,011				(24	)			655,026				(1,226	)
Interest and foreign exchange			10,204				(1,307	)			7,562				(783	)

		For the Nine Months Ended
		May 31, 2021								May 31, 2020
		Total				Amount of gain (loss) on cash flow hedge activity				Total				Amount of gain (loss) on cash flow hedge activity
Revenue		$	1,148,754			$	(1,145	)		$	2,155,764			$	(584	)
Cost of revenue			1,015,280				(73	)			1,869,708				(1,228	)
Interest and foreign exchange			30,875				(3,901	)			33,023				(1,319	)

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Schedule of effects of cash flow hedges included in statement of income.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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-Name Accounting Standards Codification
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