XML 111 R41.htm IDEA: XBRL DOCUMENT v3.19.3

Fair Value Measurements (Tables)

12 Months Ended

Aug. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities recognized at fair value on a recurring basis

The following tables present assets and liabilities, included on our Consolidated Balance Sheets, that are recognized at fair value on a recurring basis and indicate the fair value hierarchy utilized to determine these fair values. Assets and liabilities are classified in their entirety based on the lowest level of input that is a significant component of the fair value measurement. The lowest level of input is considered Level 3. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the classification of fair value assets and liabilities within the fair value hierarchy levels.

Recurring fair value measurements at August 31, 2019 and 2018, are as follows:

	2019
	Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
	(Dollars in thousands)
Assets
Commodity derivatives	$	67,817			$	180,392			$	—			$	248,209
Foreign currency derivatives	—				10,339				—				10,339
Interest rate swap derivatives	—				9,841				—				9,841
Deferred compensation assets	40,368				—				—				40,368
Embedded derivative asset	—				21,364				—				21,364
Segregated investments	77,777				—				—				77,777
Other assets	6,519				—				—				6,519
Total	$	192,481			$	221,936			$	—			$	414,417
Liabilities
Commodity derivatives	$	40,305			$	188,455			$	—			$	228,760
Foreign currency derivatives	—				20,701				—				20,701
Total	$	40,305			$	209,156			$	—			$	249,461

	2018
	Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Total
	(Dollars in thousands)
Assets
Commodity derivatives	$	54,487			$	259,359			$	—			$	313,846
Foreign currency derivatives	—				15,401				—				15,401
Deferred compensation assets	39,073				—				—				39,073
Embedded derivative asset	—				23,595				—				23,595
Other assets	5,334				—				—				5,334
Total	$	98,894			$	298,355			$	—			$	397,249
Liabilities
Commodity derivatives	$	31,778			$	389,911			$	—			$	421,689
Foreign currency derivatives	—				24,701				—				24,701
Interest rate swap derivatives	—				9,452				—				9,452
Total	$	31,778			$	424,064			$	—			$	455,842

X

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2C
-URI http://asc.fasb.org/extlink&oid=117815213&loc=SL7498348-110258

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration