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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
9 Months Ended
May 31, 2016
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 May 31, 2016
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance, February 29, 2016
 
$
(130,865
)
 
$
2,616

 
$
(2,762
)
 
$
(131,011
)
Other comprehensive income (loss) before reclassifications
 
3,817

 
(16
)
 

 
3,801

Amounts reclassified from AOCI
 

 
32

 
(2
)
 
30

Net other comprehensive income (loss)
 
3,817

 
16

 
(2
)
 
3,831

Balance, May 31, 2016
 
$
(127,048
)
 
$
2,632

 
$
(2,764
)
 
$
(127,180
)
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended May 31, 2016
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
Balance at August 31, 2015
 
$
(113,081
)
 
$
2,305

 
$
(2,759
)
 
$
(113,535
)
Other comprehensive income (loss) before reclassifications
 
(13,967
)
 
469

 

 
(13,498
)
Amounts reclassified from AOCI
 

 
(142
)
 
(5
)
 
(147
)
Net other comprehensive income (loss)
 
(13,967
)
 
327

 
(5
)
 
(13,645
)
Balance, May 31, 2016
 
$
(127,048
)
 
$
2,632

 
$
(2,764
)
 
$
(127,180
)

 
 
Three Months Ended May 31, 2015
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total AOCI
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 AOCI
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
)
Schedule of reclassification out of accumulated other comprehensive income (loss)
The significant items reclassified out of AOCI and the corresponding line items in the condensed 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
 
2016
 
2015
 
2016
 
2015
Unrealized gain (loss) on derivatives:
 

 


 
 
 


 
 
Commodity
 
Cost of goods sold
 
$
(263
)
 
$
(269
)
 
$
(373
)
 
$
(429
)
Foreign exchange
 
Net sales
 
(168
)
 
(111
)
 
(561
)
 
(37
)
Foreign exchange
 
Cost of goods sold
 
223

 
(1,044
)
 
641

 
(2,447
)
Foreign exchange
 
SG&A expenses
 
53

 
17

 
123

 
57

Interest rate
 
Interest expense
 
134

 
134

 
400

 
400

 
 
 
 
(21
)
 
(1,273
)
 
230

 
(2,456
)
Income tax effect
 
Income taxes benefit (expense)
 
(11
)
 
469

 
(88
)
 
886

Net of income taxes
 
 
 
$
(32
)
 
$
(804
)
 
$
142

 
$
(1,570
)
Defined benefit obligation:
 

 
 
 
 
 
 
 
 
Amortization of prior services
 
SG&A expenses
 
$
2

 
$
4

 
$
6

 
$
11

Income tax effect
 
Income taxes expense
 

 
(1
)
 
(1
)
 
(2
)
Net of income taxes
 

 
$
2

 
$
3

 
$
5

 
$
9

Amounts in parentheses reduce earnings.