ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

May. 31, 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 May 31, 2015
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance, February 28, 2015	$	(91,154	)	$	1,355		$	(2,630	)	$	(92,429	)
Other comprehensive income (loss) before reclassifications	(4,588		)	54			—			(4,534		)
Amounts reclassified from AOCI	—			804			(3		)	801
Net other comprehensive income (loss)	(4,588		)	858			(3		)	(3,733		)
Balance, May 31, 2015	$	(95,742	)	$	2,213		$	(2,633	)	$	(96,162	)
	Nine Months Ended May 31, 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	(75,851		)	(2,371		)	8			(78,214		)
Amounts reclassified from AOCI	—			1,570			(9		)	1,561
Net other comprehensive loss	(75,851		)	(801		)	(1		)	(76,653		)
Balance, May 31, 2015	$	(95,742	)	$	2,213		$	(2,633	)	$	(96,162	)

	Three Months Ended May 31, 2014
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total Accumulated Other Comprehensive Income (Loss)
Balance, February 28, 2014	$	708		$	2,913		$	(2,747	)	$	874
Other comprehensive income before reclassifications	655			390			—			1,045
Amounts reclassified from AOCI	—			(103		)	(2		)	(105		)
Net other comprehensive income (loss)	655			287			(2		)	940
Balance, May 31, 2014	$	1,363		$	3,200		$	(2,749	)	$	1,814
	Nine Months Ended May 31, 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	28,840			(1,653		)	550			27,737
Amounts reclassified from AOCI	—			1,259			(6		)	1,253
Net other comprehensive income (loss)	28,840			(394		)	544			28,990
Balance, May 31, 2014	$	1,363		$	3,200		$	(2,749	)	$	1,814

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 May 31,						Nine Months Ended May 31,
Components of AOCI (in thousands)	Location	2015			2014			2015			2014
Unrealized gain (loss) on derivatives:
Commodity	Cost of goods sold	$	(269	)	$	67		$	(429	)	$	(169	)
Foreign exchange	Net sales	(111		)	20			(37		)	(213		)
Foreign exchange	Cost of goods sold	(1,044		)	(60		)	(2,447		)	(1,574		)
Foreign exchange	SG&A expenses	17			(8		)	57			39
Interest rate	Interest expense	134			134			400			400
		(1,273		)	153			(2,456		)	(1,517		)
Income tax effect	Income taxes benefit (expense)	469			(50		)	886			258
Net of income taxes		$	(804	)	$	103		$	(1,570	)	$	(1,259	)
Defined benefit obligation:
Amortization of prior services	SG&A expenses	$	4		$	3		$	11		$	8
Income tax effect	Income taxes expense	(1		)	(1		)	(2		)	(2		)
Net of income taxes		$	3		$	2		$	9		$	6

Amounts in parentheses reduce earnings.