ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Feb. 28, 2022

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 February 28, 2022
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Obligation		Total AOCI
Balance, December 1, 2021	$	(145,368)	$	40,966	$	(927)	$	(105,329)
Other comprehensive income (loss) before reclassifications	(14,461)		41,044		(8)		26,575
Reclassification for gain (1)	—		(6,536)		—		(6,536)
Income tax (expense) benefit	—		(6,588)		2		(6,586)
Net other comprehensive income (loss)	(14,461)		27,920		(6)		13,453
Balance, February 28, 2022	$	(159,829)	$	68,886	$	(933)	$	(91,876)
	Six Months Ended February 28, 2022
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Obligation		Total AOCI
Balance, September 1, 2021	$	(105,680)	$	21,781	$	(921)	$	(84,820)
Other comprehensive income (loss) before reclassifications	(54,149)		68,518		(16)		14,353
Reclassification for gain (1)	—		(10,325)		—		(10,325)
Income tax (expense) benefit	—		(11,088)		4		(11,084)
Net other comprehensive income (loss)	(54,149)		47,105		(12)		(7,056)
Balance, February 28, 2022	$	(159,829)	$	68,886	$	(933)	$	(91,876)

	Three Months Ended February 28, 2021
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Obligation		Total AOCI
Balance, December 1, 2020	$	(96,321)	$	(10,224)	$	(4,510)	$	(111,055)
Other comprehensive income (loss) before reclassifications	1,465		9,535		(14)		10,986
Reclassification for gain (1)	—		(320)		—		(320)
Income tax expense	—		(1,751)		—		(1,751)
Net other comprehensive income (loss)	1,465		7,464		(14)		8,915
Balance, February 28, 2021	$	(94,856)	$	(2,760)	$	(4,524)	$	(102,140)
	Six Months Ended February 28, 2021
(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Obligation		Total AOCI
Balance, September 1, 2020	$	(87,933)	$	(11,334)	$	(4,497)	$	(103,764)
Other comprehensive income (loss) before reclassifications	(6,923)		10,972		(34)		4,015
Reclassification for gain (1)	—		(387)		—		(387)
Income tax (expense) benefit	—		(2,011)		7		(2,004)
Net other comprehensive income (loss)	(6,923)		8,574		(27)		1,624
Balance, February 28, 2021	$	(94,856)	$	(2,760)	$	(4,524)	$	(102,140)

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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.