ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Nov. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated other comprehensive income (loss)

NOTE 2. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss), net of income taxes, for the three months ended November 30, 2014 and 2013 was comprised of the following:

(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance at August 31, 2014	$	(19,891	)	$	3,014		$	(2,632	)	$	(19,509	)
Other comprehensive income (loss) before reclassifications	(27,284		)	(525		)	8			(27,801		)
Amounts reclassified from AOCI	—			39			(4		)	35
Net other comprehensive income (loss)	(27,284		)	(486		)	4			(27,766		)
Balance, November 30, 2014	$	(47,175	)	$	2,528		$	(2,628	)	$	(47,275	)
(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	19,442			(1,617		)	550			18,375
Amounts reclassified from AOCI	—			980			(2		)	978
Net other comprehensive income (loss)	19,442			(637		)	548			19,353
Balance, November 30, 2013	$	(8,035	)	$	2,957		$	(2,745	)	$	(7,823	)

The significant items reclassified out of accumulated other comprehensive income (loss) and the corresponding line items in the consolidated statements of earnings to which the items were reclassified were as follows:

		Three Months Ended November 30,
Components of AOCI (in thousands)	Location	2014			2013
Unrealized gain (loss) on derivatives:
Commodity	Cost of goods sold	$	(20	)	$	(119	)
Foreign exchange	Net sales	—			(250		)
Foreign exchange	Cost of goods sold	(200		)	(922		)
Foreign exchange	SG&A expenses	21			14
Interest rate	Interest expense	134			116
		(65		)	(1,161		)
Income tax effect	Income taxes benefit	26			181
Net of income taxes		$	(39	)	$	(980	)
Defined benefit obligation:
Amortization of prior services	SG&A expenses	$	3		$	3
Income tax effect	Income taxes benefit (expense)	1			(1		)
Net of income taxes		$	4		$	2

Amounts in parentheses reduce earnings.