Derivatives And Risk Management (Tables)

12 Months Ended

Aug. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives not designated as hedging instruments

The following tables summarize activities related to the Company's derivative instruments and hedged items recognized in the consolidated statements of operations:

		Year Ended August 31,
Derivatives Not Designated as Hedging Instruments (in thousands)	Location	2013		2012			2011
Commodity	Cost of goods sold	$	2,456	$	4,496		$	(10,857	)
Foreign exchange	Net sales	—		(199		)	38
Foreign exchange	Cost of goods sold	—		(537		)	1,412
Foreign exchange	SG&A expenses	5,089		(872		)	(8,025		)
Other	Cost of goods sold	9		—			—
Gain (loss) before taxes		$	7,554	$	2,888		$	(17,432	)

Derivatives designated as fair value hedging instruments

Derivatives Designated as Fair Value Hedging Instruments (in thousands)		Year Ended August 31,
	Location	2013			2012		2011
Foreign exchange	Net sales	$	(151	)	$	—	$	—
Foreign exchange	Cost of goods sold	2,241			—		—
Foreign exchange	SG&A expenses	—			383		(15,053		)
Interest rate	Interest expense	—			10,561		33,485
Gain before taxes		$	2,090		$	10,944	$	18,432

Hedged items designated as fair value hedging instruments

Hedged Items Designated as Fair Value Hedging Instruments (in thousands)		Year Ended August 31,
	Location	2013			2012			2011
Foreign exchange	Net sales	$	153		$	—		$	91
Foreign exchange	Cost of goods sold	(2,241		)	—			—
Foreign exchange	SG&A expenses	—			(383		)	14,955
Interest rate	Interest expense	—			(10,561		)	(33,485		)
Loss before taxes		$	(2,088	)	$	(10,944	)	$	(18,439	)

Effective portion of derivatives designated as cash flow hedging instruments recognized In accumulated other comprehensive income (loss)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Recognized in Accumulated Other Comprehensive Income (Loss) (in thousands)	August 31,
	2013			2012			2011
Commodity	$	(218	)	$	—		$	26
Foreign exchange	439			(1,545		)	797
Gain (loss), net of taxes	$	221		$	(1,545	)	$	823

Effective portion of derivatives designated as cash flow hedging instruments reclassified from accumulated other comprehensive income (loss)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Reclassified from Accumulated Other Comprehensive Income (Loss) (in thousands)		Year Ended August 31,
	Location	2013			2012			2011
Commodity	Cost of  goods sold	$	(169	)	$	27		$	195
Foreign exchange	Net sales	46			(826		)	—
Foreign exchange	Cost of goods sold	20			—			—
Foreign exchange	SG&A expenses	39			(300		)	365
Interest rate	Interest expense	401			521			458
Gain (loss), net of taxes		$	337		$	(578	)	$	1,018

Derivative assets

The Company's derivative instruments were recorded at their respective fair values as follows on the consolidated balance sheets:

Derivative Assets (in thousands)	August 31,
	2013		2012
Commodity — not designated for hedge accounting	$	1,066	$	407
Foreign exchange — designated for hedge accounting	1,626		670
Foreign exchange — not designated for hedge accounting	1,238		798
Derivative assets (other current assets and other assets)*	$	3,930	$	1,875

Derivative liabilities

Derivative Liabilities (in thousands)	August 31,
	2013		2012
Commodity — designated for hedge accounting	$	129	$	2
Commodity — not designated for hedge accounting	1,268		993
Foreign exchange — designated for hedge accounting	432		1,272
Foreign exchange — not designated for hedge accounting	1,738		1,248
Other — not designated for hedge accounting	—		32
Derivative liabilities (accrued expenses, other payables and long-term liabilities)*	$	3,567	$	3,547

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* Derivative assets and liabilities do not include the hedged items designated as fair value hedges.