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DERIVATIVES (Tables)

3 Months Ended

Nov. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The following table provides information regarding the Company's commodity contract commitments at November 30, 2019:



Commodity	Long/Short	Total
Aluminum	Long	1,975	MT
Copper	Long	987	MT
Copper	Short	7,178	MT
Electricity	Long	2,000,000	MW(h)

_________________

MT = Metric Ton

MW(h) = Megawatt hour

Derivatives not designated as hedging instruments

The following table summarizes activity related to the Company's derivative instruments not designated as hedging instruments recognized in the condensed consolidated statements of earnings. All other activity related to the Company's derivative instruments and hedged items was immaterial for the periods presented.



		Three Months Ended November 30,
Derivatives Not Designated as Hedging Instruments (in thousands)	Location	2019			2018
Commodity	Cost of goods sold	$	(1,315	)	$	(840	)
Foreign exchange	SG&A expenses	41			126
Loss before income taxes		$	(1,274	)	$	(714	)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details