ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

May 31, 2017

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

Accumulated other comprehensive income (loss)

NOTE 3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables reflect the changes in accumulated other comprehensive income (loss) ("AOCI"):

	Three Months Ended May 31, 2017
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total AOCI
Balance, February 28, 2017	$	(124,235	)	$	2,108		$	(2,863	)	$	(124,990	)
Other comprehensive income before reclassifications	27,109			368			—			27,477
Amounts reclassified from AOCI	968			(459		)	(11		)	498
Income taxes	—			12			2			14
Net other comprehensive income (loss)	28,077			(79		)	(9		)	27,989
Balance, May 31, 2017	$	(96,158	)	$	2,029		$	(2,872	)	$	(97,001	)

	Nine Months Ended May 31, 2017
(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total AOCI
Balance, August 31, 2016	$	(112,255	)	$	2,186		$	(2,845	)	$	(112,914	)
Other comprehensive income before reclassifications	15,129			926			—			16,055
Amounts reclassified from AOCI	968			(1,090		)	(33		)	(155		)
Income taxes	—			7			6			13
Net other comprehensive income (loss)	16,097			(157		)	(27		)	15,913
Balance, May 31, 2017	$	(96,158	)	$	2,029		$	(2,872	)	$	(97,001	)

	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	—			21			(2		)	19
Income taxes	—			11			—			11
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, August 31, 2015	$	(113,081	)	$	2,305		$	(2,759	)	$	(113,535	)
Other comprehensive income (loss) before reclassifications	(13,967		)	543			—			(13,424		)
Amounts reclassified from AOCI	—			(230		)	(6		)	(236		)
Income taxes	—			14			1			15
Net other comprehensive income (loss)	(13,967		)	327			(5		)	(13,645		)
Balance, May 31, 2016	$	(127,048	)	$	2,632		$	(2,764	)	$	(127,180	)

The significant items reclassified out of AOCI and the corresponding line items in the unaudited 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	2017			2016			2017			2016
Foreign currency translation adjustment:
Translation loss realized upon liquidation of investment in foreign entity	SG&A expenses	$	968		$	—		$	968		$	—
Unrealized gain (loss) on derivatives:
Commodity	Cost of goods sold	$	94		$	(263	)	$	(31	)	$	(373	)
Foreign exchange	Net sales	124			(168		)	368			(561		)
Foreign exchange	Cost of goods sold	19			223			(25		)	641
Foreign exchange	SG&A expenses	88			53			378			123
Interest rate	Interest expense	134			134			400			400
		459			(21		)	1,090			230
Income tax effect	Income taxes	(126		)	(11		)	(237		)	(88		)
Net of income taxes		$	333		$	(32	)	$	853		$	142
Defined benefit obligation:
Amortization of prior services	SG&A expenses	$	11		$	2		$	33		$	6
Income tax effect	Income taxes	(2		)	—			(6		)	(1		)
Net of income taxes		$	9		$	2		$	27		$	5

Amounts in parentheses reduce earnings.