Derivatives and Risk Management (Tables)

3 Months Ended

Nov. 30, 2011

Derivatives and Risk Management [Abstract]

Commodity contract commitments

Commodity	Long/Short	Total
Aluminum	Long		5,175 MT
Aluminum	Short		3,225 MT
Copper	Long		848 MT
Copper	Short		5,636 MT
Zinc	Long		36 MT
Natural Gas	Long		160,000 MMBtu

• MT = Metric Ton

• MMBtu = One million British thermal units

Derivatives Not Designated as Hedging Instruments

Derivatives Not Designated as Hedging Instruments	Location	Three Months Ended November 30,
		2011			2010
Commodity	Cost of goods sold	$	3,577		$	(10,286	)
Foreign exchange	Net sales		(108	)		(18	)
Foreign exchange	Cost of goods sold		(233	)		580
Foreign exchange	SG&A expenses		(7,159	)		(3,324	)
Loss before taxes		$	(3,923	)	$	(13,048	)

Derivatives Designated as Fair Value Hedging Instruments

Derivatives Designated as Fair Value Hedging Instruments	Location	Three Months  Ended November 30,
		2011		2010
Foreign exchange	SG&A expenses	$	2,570	$	(7,887	)
Interest rate	Interest expense		1,205		21,555
Gain before taxes		$	3,775	$	13,668

Hedged (Underlying) Items Designated as Fair Value Hedging Instruments

Hedged (Underlying) Items Designated as Fair Value Hedging Instruments	Location	Three Months Ended November 30,
		2011			2010
Foreign exchange	Net sales	$	—		$	38
Foreign exchange	SG&A expenses		(2,579	)		7,848
Interest rate	Interest expense		(1,205	)		(21,555	)
Loss before taxes		$	(3,784	)	$	(13,669	)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Recognized in Accumulated Other Comprehensive Income (Loss)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Recognized in Accumulated Other Comprehensive Income (Loss)	Three Months  Ended November 30,
	2011			2010
Commodity	$	(25	)	$	37
Foreign exchange		(1,161	)		17
Gain (loss), net of taxes	$	(1,186	)	$	54

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Reclassified from August 31,Accumulated Other Comprehensive Income (Loss)

Effective Portion of Derivatives Designated as Cash Flow Hedging Instruments Reclassified from Accumulated Other Comprehensive Income		Three Months  Ended November 30,
(Loss)	Location	2011			2010
Commodity	Cost of goods sold	$	(13	)	$	(83	)
Foreign exchange	Net sales		(1,157	)		—
Foreign exchange	SG&A expenses		(64	)		33
Interest rate	Interest expense		101			114
Gain (loss), net of taxes		$	(1,133	)	$	64

Derivative Assets

Derivative Assets	November 30, 2011		August 31, 2011
Commodity — designated	$	62	$	17
Commodity — not designated		1,918		2,329
Foreign exchange — designated		1,176		893
Foreign exchange — not designated		680		970
Current interest rate — designated		17,403		19,134
Long-term interest rate — designated		28,226		29,515
Derivative assets (other current assets and other assets)*	$	49,465	$	52,858

Derivative Liabilities

Derivative Liabilities	November 30, 2011		August 31, 2011
Commodity — not designated	$	3,268	$	2,625
Foreign exchange — designated		1,901		805
Foreign exchange — not designated		2,567		2,258
Derivative liabilities (accrued expenses, other payables and long-term liabilities)*	$	7,736	$	5,688

* Derivative assets and liabilities do not include the hedged (underlying) items designated as fair value hedges.