Note 6 - Other Comprehensive Loss and Accumulated Other Comprehensive Loss

3 Months Ended

Nov. 30, 2015

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

6. OTHER COMPREHENSIVE

LOSS

AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of other comprehensive loss and amounts reclassified out of AOCL into earnings during the three months ended November 30, 2015 and 2014 are as follows:

	November 30, 2015						November 30, 2014
(in thousands)	Pre-tax			Net of tax			Pre-tax			Net of tax
Foreign currency translation adjustments	$	(6,386	)	$	(6,386	)	$	(13,555	)	$	(13,555	)
Realized (gain) loss on cash flow hedges reclassified to earnings (1)		(56	)		(35	)		39			24
Unrealized loss on cash flow hedges recognized in AOCL		(605	)		(381	)		(218	)		(136	)
Other comprehensive loss	$	(7,047	)	$	(6,802	)	$	(13,734	)	$	(13,667	)

(1) Reclassified to Selling, General and Administrative Expenses

The components of accumulated other comprehensive loss is as follows:

(in thousands)	November 30, 2015			August 31, 2015
Accumulated unrealized losses on cash flow hedges, net of tax	$	(774	)	$	(358	)
Accumulated foreign currency translation adjustments		(50,080	)		(43,694	)
Total accumulated other comprehensive loss	$	(50,854	)	$	(44,052	)