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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
3 Months Ended
Nov. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of accumulated other comprehensive income (loss)
The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"), net of income taxes:
 
 
Three Months Ended November 30, 2015
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total Accumulated Other Comprehensive Loss
Balance, August 31, 2015
 
$
(113,081
)
 
$
2,305

 
$
(2,759
)
 
$
(113,535
)
Other comprehensive loss before reclassifications
 
(21,995
)
 
(9
)
 

 
(22,004
)
Amounts reclassified from AOCI
 

 
(118
)
 
(1
)
 
(119
)
Net other comprehensive loss
 
(21,995
)
 
(127
)
 
(1
)
 
(22,123
)
Balance, November 30, 2015
 
$
(135,076
)
 
$
2,178

 
$
(2,760
)
 
$
(135,658
)

 
 
Three Months Ended November 30, 2014
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total Accumulated Other Comprehensive Income (Loss)
Balance, 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
)
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 condensed consolidated statements of earnings to which the items were reclassified were as follows:
 
 
 
 
Three Months Ended November 30,
Components of AOCI (in thousands)
 
Location
 
2015
 
2014
Unrealized gain (loss) on derivatives:
 

 


 
 
Commodity
 
Cost of goods sold
 
$
(51
)
 
$
(20
)
Foreign exchange
 
Net sales
 
57

 

Foreign exchange
 
Cost of goods sold
 
(8
)
 
(200
)
Foreign exchange
 
SG&A expenses
 
35

 
21

Interest rate
 
Interest expense
 
134

 
134


 

 
167

 
(65
)
Income tax effect
 
Income taxes benefit (expense)
 
(49
)
 
26

Net of income taxes
 

 
$
118

 
$
(39
)
Defined benefit obligation:
 

 


 
 
Amortization of prior services
 
SG&A expenses
 
$
2

 
$
3

Income tax effect
 
Income taxes benefit (expense)
 
(1
)
 
1

Net of income taxes
 

 
$
1

 
$
4

Amounts in parentheses reduce earnings.