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Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Feb. 28, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss), net of income taxes, is comprised of the following:
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total Accumulated Other Comprehensive Income (Loss)
Balance, August 31, 2013
 
$
(27,477
)
 
$
3,594

 
$
(3,293
)
 
$
(27,176
)
Other comprehensive income (loss) before reclassifications
 
28,185

 
(2,043
)
 
550

 
26,692

Amounts reclassified from AOCI
 

 
1,362

 
(4
)
 
1,358

Net other comprehensive income (loss)
 
28,185

 
(681
)
 
546

 
28,050

Balance, February 28, 2014
 
$
708

 
$
2,913

 
$
(2,747
)
 
$
874

Schedule of reclassification out of accumulated other comprehensive income (loss)
The significant items reclassified out of accumulated other comprehensive income (loss) and the corresponding line items in the consolidated statements of operations to which the items were reclassified were as follows:
Components of AOCI (in thousands)
 
Location
 
Three Months Ended February 28, 2014
 
Six Months Ended February 28, 2014
Unrealized gain (loss) on derivatives:
 

 


 


Commodity
 
Cost of goods sold
 
$
(117
)
 
$
(236
)
Foreign exchange
 
Net sales
 
17

 
(233
)
Foreign exchange
 
Cost of goods sold
 
(592
)
 
(1,514
)
Foreign exchange
 
SG&A expenses
 
33

 
47

Interest rate
 
Interest expense
 
150

 
266


 

 
(509
)
 
(1,670
)
Income tax effect
 
Income taxes benefit
 
127

 
308

Net of income taxes
 

 
$
(382
)
 
$
(1,362
)
Defined benefit obligation:
 

 


 


Amortization of prior services
 
SG&A expenses
 
$
2

 
$
5

Income tax effect
 
Income taxes expense
 

 
(1
)
Net of income taxes
 

 
$
2

 
$
4

Amounts in parentheses reduce earnings.