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POST EMPLOYMENT PLANS (Tables)
12 Months Ended
Aug. 31, 2018
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Cost



 

 

 



 

Expected Recognition



 

Year Ended August 31,



 

2019

Prior service cost

 

$

55 

Actuarial gain/loss

 

 

64 



 

$

119 



Defined Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Other Long-Term
Liability

 

Accumulated Other
Comprehensive Loss

 

 

Operating Expenses



 

August 31,

 

 

Year Ended August 31,



 

2018

 

2017

 

2018

 

2017

 

 

2018

 

2017

 

2016

Start of period

 

$

(1,070)

 

$

(882)

 

$

650 

 

$

465 

 

 

$

 —

 

$

 —

 

$

 —

Service cost

 

 

(17)

 

 

88 

 

 

 —

 

 

 —

 

 

 

117 

 

 

119 

 

 

35 

Interest cost

 

 

(64)

 

 

(80)

 

 

 —

 

 

 —

 

 

 

64 

 

 

80 

 

 

52 

Prior service cost (amortization)

 

 

 —

 

 

 —

 

 

(52)

 

 

(55)

 

 

 

52 

 

 

55 

 

 

56 

Actuarial gains/(losses)

 

 

(139)

 

 

(196)

 

 

121 

 

 

240 

 

 

 

13 

 

 

(45)

 

 

(87)

Totals

 

$

(1,290)

 

$

(1,070)

 

$

719 

 

$

650 

(1) 

 

$

246 

 

$

209 

 

$

56 



(1)

The Company has recorded a deferred tax (liability)/asset of $231,000 and $208,000 as of August 31, 2018 and 2017, respectively, relating to the unrealized expense on defined benefit plans. The Company also recorded accumulated other comprehensive income (loss), net of tax, for $(488,000) and $(442,000) as of August 31, 2018 and 2017, respectively.

Post-Employment Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Assumptions Used



 

 

 

 



 

 

 

 



 

Year Ended August 31,

Valuation Assumptions:

 

2018

 

2017

Discount rate

 

3.5%  to 10.8%

 

3.5%  to 10.5%

Future salary escalation

 

3.0%  to  5.0%

 

3.0%  to  5.0%

Percentage of employees assumed to withdraw from Company without a benefit (“turnover”)

 

9.6%  to 19.5%

 

3.9%  to 19.5%

Percentage of employees assumed to withdraw from Company with a benefit (“disability”)

 

0.5%  to  4.5%

 

0.5%  to  6.0%



Other Post-Employment Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Summary of Other Post-Employment Plans







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Accrued Salaries
and Benefits

 

Other Long-Term
Liability

 

Restricted Cash
Held (1)

 

Operating Expenses



 

Years Ended August 31,



 

2018

 

2017

 

2018

 

2017

 

2018

 

2017

 

2018

 

2017

 

2016

Other Post-
Employment Plans

 

$

443 

 

$

425 

 

$

3,077 

 

$

2,720 

 

$

2,772 

 

$

2,493 

 

$

1,187 

 

$

1,017 

 

$

1,026 



(1)

With some locations, local statutes require the applicable Company subsidiary to deposit cash in its own name with designated fund managers. The funds earn interest which the Company recognizes as interest income.