ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Nov. 30, 2021

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 November 30, 2021
(in thousands)	Foreign Currency Translation		Unrealized Gain (Loss) on Derivatives		Defined Benefit Obligation		Total AOCI
Balance, September 1, 2021	$	(105,680)	$	21,781	$	(921)	$	(84,820)
Other comprehensive income (loss) before reclassifications	(39,688)		27,474		(8)		(12,222)
Reclassification for gain(1)	—		(3,789)		—		(3,789)
Income tax (expense) benefit	—		(4,500)		2		(4,498)
Net other comprehensive income (loss)	(39,688)		19,185		(6)		(20,509)
Balance, November 30, 2021	$	(145,368)	$	40,966	$	(927)	$	(105,329)

	Three Months Ended November 30, 2020
(in thousands)	Foreign Currency Translation		Unrealized Gain (Loss) on Derivatives		Defined Benefit Obligation		Total AOCI
Balance, September 1, 2020	$	(87,933)	$	(11,334)	$	(4,497)	$	(103,764)
Other comprehensive income (loss) before reclassifications	(8,388)		1,437		(20)		(6,971)
Reclassification for gain(1)	—		(67)		—		(67)
Income tax (expense) benefit	—		(260)		7		(253)
Net other comprehensive income (loss)	(8,388)		1,110		(13)		(7,291)
Balance, November 30, 2020	$	(96,321)	$	(10,224)	$	(4,510)	$	(111,055)

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(1) Reclassifications for gains on derivatives included in net earnings are recorded in cost of goods sold in the condensed consolidated statements of earnings.