Note 6 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

6 Months Ended

Feb. 28, 2018

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

6.

OTHER COMPREHENSIVE INCOME (

LOSS

)

AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of other comprehensive income and amounts reclassified out of AOCL into earnings during the

three

months ended

February 28, 2018

and

2017

are as follows:

	February 28, 2018						February 28, 2017
(in thousands)	Pre-tax			Net of tax			Pre-tax		Net of tax
Foreign currency translation adjustments	$	9,400		$	9,400		$	861	$	861
Realized (gain) loss on cash flow hedges reclassified to earnings (1)		(824	)		(582	)		1,030		651
Unrealized (loss) gain on cash flow hedges recognized in AOCL		(1,346	)		(686	)		1,188		750
Other comprehensive income (loss)	$	7,230		$	8,132		$	3,079	$	2,262

( 1 ) Reclassified to Selling, General and Administrative Expenses

The components of other comprehensive income and amounts reclassified out of AOCL into earnings during the

six

months ended

February 28, 2018

and

2017

are as follows:

	February 28, 2018						February 28, 2017
(in thousands)	Pre-tax			Net of tax			Pre-tax			Net of tax
Foreign currency translation adjustments	$	17,866		$	17,866		$	(10,636	)	$	(10,636	)
Realized (gain) loss on cash flow hedges reclassified to earnings (1)		(1,589	)		(1,058	)		2,387			1,508
Unrealized (loss) gain on cash flow hedges recognized in AOCL		(1,345	)		(686	)		539			340
Other comprehensive income (loss)	$	14,932		$	16,122		$	(7,710	)	$	(8,788	)

( 2 ) Reclassified to Selling, General and Administrative Expenses

The components of AOCL are as follows:

(in thousands)	February 28, 2018			August 31, 2017
Accumulated unrealized gains (losses) on cash flow hedges, net of tax	$	2,058		$	3,802
Accumulated foreign currency translation adjustments		(20,656	)		(38,522	)
Total accumulated other comprehensive loss	$	(18,598	)	$	(34,720	)