ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

12 Months Ended

Aug. 31, 2023

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

Schedule of accumulated other comprehensive income (loss)

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

(in thousands)	Foreign Currency Translation		Derivatives		Defined Benefit Pension Plans		Total AOCI
Balance, September 1, 2020	$	(87,933)	$	(11,334)	$	(4,497)	$	(103,764)
Other comprehensive income (loss) before reclassifications(1)	(17,747)		35,492		3,576		21,321
Reclassification for gain(2)	—		(2,377)		—		(2,377)
Net other comprehensive income (loss)	(17,747)		33,115		3,576		18,944
Balance at August 31, 2021	(105,680)		21,781		(921)		(84,820)
Other comprehensive income (loss) before reclassifications(1)	(140,217)		138,634		(5,875)		(7,458)
Reclassification for gain(2)	—		(22,173)		—		(22,173)
Net other comprehensive income (loss)	(140,217)		116,461		(5,875)		(29,631)
Balance at August 31, 2022	(245,897)		138,242		(6,796)		(114,451)
Other comprehensive income (loss) before reclassifications(1)	119,852		6,395		(7,985)		118,262
Reclassification for (gain) loss(2)	—		(9,380)		1,791		(7,589)
Net other comprehensive income (loss)	119,852		(2,985)		(6,194)		110,673
Balance at August 31, 2023	$	(126,045)	$	135,257	$	(12,990)	$	(3,778)

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(1) Other comprehensive income before reclassifications from derivatives is presented net of income tax expense of $1.1 million, $33.0 million and $6.7 million for 2023, 2022 and 2021, respectively. Other comprehensive income (loss) before reclassifications from defined benefit pension plans is presented net of income tax expense (benefit) of $(3.9 million), $(2.6 million) and $0.9 million for 2023, 2022 and 2021, respectively.

(2) Reclassifications for gains from derivatives included in net earnings are primarily recorded in cost of goods sold in the consolidated statements of earnings and are presented net of income tax expense of $2.2 million, $5.3 million and $0.4 million, for 2023, 2022 and 2021, respectively. Reclassifications for losses from defined benefit pension plans included in net earnings are recorded in SG&A expenses in the consolidated statement of earnings and are presented net of immaterial income tax benefits for all periods presented.