ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Feb. 28, 2015

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

Accumulated other comprehensive income (loss)

NOTE 2. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables reflect the changes in accumulated other comprehensive income (loss), net of income taxes:

	Three Months Ended February 28, 2015
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance, November 30, 2014	$	(47,175	)	$	2,528		$	(2,628	)	$	(47,275	)
Other comprehensive loss before reclassifications	(43,979		)	(1,900		)	—			(45,879		)
Amounts reclassified from AOCI	—			727			(2		)	725
Net other comprehensive loss	(43,979		)	(1,173		)	(2		)	(45,154		)
Balance, February 28, 2015	$	(91,154	)	$	1,355		$	(2,630	)	$	(92,429	)
	Six Months Ended February 28, 2015
(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	(71,263		)	(2,425		)	8			(73,680		)
Amounts reclassified from AOCI	—			766			(6		)	760
Net other comprehensive income (loss)	(71,263		)	(1,659		)	2			(72,920		)
Balance, February 28, 2015	$	(91,154	)	$	1,355		$	(2,630	)	$	(92,429	)

	Three Months Ended February 28, 2014
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance, November 30, 2013	$	(8,035	)	$	2,957		$	(2,745	)	$	(7,823	)
Other comprehensive income (loss) before reclassifications	8,743			(426		)	—			8,317
Amounts reclassified from AOCI	—			382			(2		)	380
Net other comprehensive income (loss)	8,743			(44		)	(2		)	8,697
Balance, February 28, 2014	$	708		$	2,913		$	(2,747	)	$	874
	Six Months Ended February 28, 2014
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance at 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

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 February 28,						Six Months Ended February 28,
Components of AOCI (in thousands)	Location	2015			2014			2015			2014
Unrealized gain (loss) on derivatives:
Commodity	Cost of goods sold	$	(140	)	$	(117	)	$	(160	)	$	(236	)
Foreign exchange	Net sales	74			17			74			(233		)
Foreign exchange	Cost of goods sold	(1,203		)	(592		)	(1,403		)	(1,514		)
Foreign exchange	SG&A expenses	19			33			40			47
Interest rate	Interest expense	132			150			266			266
		(1,118		)	(509		)	(1,183		)	(1,670		)
Income tax effect	Income taxes benefit	391			127			417			308
Net of income taxes		$	(727	)	$	(382	)	$	(766	)	$	(1,362	)
Defined benefit obligation:
Amortization of prior services	SG&A expenses	$	4		$	2		$	7		$	5
Income tax effect	Income taxes benefit (expense)	(2		)	—			(1		)	(1		)
Net of income taxes		$	2		$	2		$	6		$	4

Amounts in parentheses reduce earnings.