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Fair Value (Tables)
6 Months Ended
Feb. 28, 2013
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables summarize information regarding the Company's financial assets and financial liabilities that were measured at fair value on a recurring basis:
 
 
 
Fair Value Measurements at Reporting Date Using
(in thousands)
February 28,
2013
 
Quoted Prices in
Active Markets  for
Identical Assets
(Level 1)
 
Significant  Other
Observable Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Money market investments (1)
$
82,885

 
$
82,885

 
$

 
$

Commodity derivative assets (2)
1,923

 
1,923

 

 

Foreign exchange derivative assets (2)
1,104

 

 
1,104

 


Liabilities:
 
 
 
 
 
 
 
Commodity derivative liabilities (2)
1,060

 
1,052

 
8

 

Foreign exchange derivative liabilities (2)
429

 

 
429

 

Other derivative liabilities (2)
4

 

 
4

 

 
 
 
 
Fair Value Measurements at Reporting Date Using
(in thousands)
August 31,
2012
 
Quoted Prices in
Active Markets  for
Identical Assets
(Level 1)
 
Significant  Other
Observable  Inputs
(Level 2)
 
Significant
Unobservable  Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Money market investments (1)
$
172,462

 
$
172,462

 
$

 
$

Commodity derivative assets (2)
407

 
407

 

 

Foreign exchange derivative assets (2)
1,468

 

 
1,468

 

Liabilities:
 
 
 
 
 
 
 
Commodity derivative liabilities (2)
995

 
993

 
2

 

Foreign exchange derivative liabilities (2)
2,520

 

 
2,520

 

Other derivative liabilities (2)
32

 

 
32

 

 _________________ 

(1) Money market investments are short-term in nature, and the value is determined by broker quoted prices in active markets. The investment portfolio mix can change each period based on the Company's assessment of investment options.

(2) Derivative assets and liabilities classified as Level 1 are commodity futures contracts valued based on quoted market prices in the London Metal Exchange or the New York Mercantile Exchange. Amounts in Level 2 are based on broker quotes in the over-the-counter market. Further discussion regarding the Company's use of derivatives and the classification of the assets and liabilities is included in Note 9. Derivatives and Risk Management.

Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying values and estimated fair values of the Company's financial assets and liabilities that are not required to be measured at fair value are as follows:

 
 
 
February 28, 2013
 
August 31, 2012
(in thousands)
Fair Value Hierarchy
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
$200 million notes at 5.625% due November 2013 (1)
Level 2
 
202,857

 
208,607

 
204,873

 
212,413

$400 million notes at 6.50% due July 2017 (1)
Level 2
 
413,005

 
444,341

 
414,491

 
434,991

$500 million notes at 7.35% due August 2018 (1)
Level 2
 
525,241

 
569,791

 
527,554

 
559,894


(1) The fair value of the notes is calculated based on indicated market values.