ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

12 Months Ended

Aug. 31, 2017

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

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 4. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) ("AOCI") was comprised of the following:

(in thousands)	Foreign Currency Translation			Unrealized Gain (Loss) on Derivatives			Defined Benefit Obligation			Total AOCI
Balance at September 1, 2014	$	(19,891	)	$	3,014		$	(2,632	)	$	(19,509	)
Other comprehensive loss before reclassifications	(83,063		)	(3,702		)	(270		)	(87,035		)
Amounts reclassified from AOCI	(10,127		)	2,707			63			(7,357		)
Income taxes	—			286			80			366
Net other comprehensive loss	(93,190		)	(709		)	(127		)	(94,026		)
Balance at August 31, 2015	(113,081		)	2,305			(2,759		)	(113,535		)
Other comprehensive income (loss) before reclassifications	(11,771		)	2,006			(186		)	(9,951		)
Amounts reclassified from AOCI	12,597			(2,233		)	68			10,432
Income taxes	—			108			32			140
Net other comprehensive income (loss)	826			(119		)	(86		)	621
Balance at August 31, 2016	(112,255		)	2,186			(2,845		)	(112,914		)
Other comprehensive income before reclassifications	30,509			1,003			678			32,190
Amounts reclassified from AOCI	968			(1,845		)	115			(762		)
Income taxes	—			243			(270		)	(27		)
Net other comprehensive income (loss)	31,477			(599		)	523			31,401
Balance at August 31, 2017	$	(80,778	)	$	1,587		$	(2,322	)	$	(81,513	)

The significant items reclassified out of accumulated other comprehensive loss and the corresponding line items in the consolidated statements of earnings to which the items were reclassified were as follows:

		Year Ended August 31,
Components of AOCI (in thousands)	Location	2017			2016			2015
Foreign currency translation adjustments and other:
Translation loss realized upon liquidation of investment in foreign entity	SG&A expenses	$	(968	)	$	—		$	—
Translation (loss) gain realized upon sale of investment in foreign entity	Earnings (loss) from discontinued operations before income taxes	—			(12,597		)	10,127
		$	(968	)	$	(12,597	)	$	10,127
Unrealized gain (loss) on derivatives:
Commodity	Cost of goods sold	$	37		$	(443	)	$	(645	)
Foreign exchange	Net sales	369			(380		)	124
Foreign exchange	Cost of goods sold	158			2,283			(2,774		)
Foreign exchange	SG&A expenses	446			291			76
Interest rate	Interest expense	789			532			532
Commodity	Earnings (loss) from discontinued operations before income taxes	46			(50		)	(20		)
		1,845			2,233			(2,707		)
Income tax effect	Income taxes from continuing operations	(506		)	(478		)	956
Income tax effect	Income taxes (benefit) from discontinued operations	16			(18		)	(7		)
		(490		)	(496		)	949
Net of income taxes		$	1,355		$	1,737		$	(1,758	)
Defined benefit obligation:
Amortization of net loss	SG&A expenses	$	(201	)	$	(140	)	$	(134	)
Amortization of prior service credit	SG&A expenses	86			72			71
		(115		)	(68		)	(63		)
Income tax effect	Income taxes	31			22			21
Net of income taxes		$	(84	)	$	(46	)	$	(42	)

Amounts in parentheses reduce earnings.