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Summary of Significant Accounting Policies (Tables)
9 Months Ended
May 31, 2013
Accounting Policies [Abstract]  
Purchase and Sales Contracts
As of May 31, 2013, August 31, 2012 and May 31, 2012, we had the following outstanding purchase and sales contracts:
 
May 31, 2013
 
August 31, 2012
 
May 31, 2012
 
Purchase
Contracts
 
Sales
Contracts
 
Purchase
Contracts
 
Sales
Contracts
 
Purchase
Contracts
 
Sales
Contracts
 
(Units in thousands)
Grain and oilseed - bushels
519,293
 
806,244
 
722,895
 
1,074,535
 
590,021
 
843,934
Energy products - barrels
13,833
 
20,125
 
9,047
 
19,561
 
9,271
 
14,012
Soy products - tons
70
 
325
 
15
 
215
 
10
 
250
Crop nutrients - tons
675
 
778
 
600
 
725
 
699
 
894
Ocean and barge freight - metric tons
888
 
130
 
1,018
 
183
 
1,215
 
234
Schedule of Derivative Assets and Liabilities Not Designated as Hedging Instruments
As of May 31, 2013, August 31, 2012 and May 31, 2012, the gross fair values of our derivative assets and liabilities not designated as hedging instruments were as follows:
 
May 31,
2013
 
August 31,
2012
 
May 31,
2012
Derivative Assets:
 
 
 

 
 

Commodity and freight derivatives
$
510,258

 
$
1,070,800

 
$
686,042

Foreign exchange derivatives
5,043

 
978

 
3,843

 
$
515,301

 
$
1,071,778

 
$
689,885

Derivative Liabilities:
 
 
 

 
 

Commodity and freight derivatives
$
452,289

 
$
727,946

 
$
623,911

Foreign exchange derivatives
3,883

 
2,388

 
3,379

Interest rate derivatives
304

 
544

 
535

 
$
456,476

 
$
730,878

 
$
627,825

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
As of May 31, 2013, August 31, 2012 and May 31, 2012, the gross fair values of our derivative assets and liabilities designated as cash flow hedging instruments were as follows:
 
May 31,
2013
 
August 31,
2012
 
May 31,
2012
Derivative Assets:
 
 
 
 
 
Interest rate swaps
$
9,160

 

 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]
During the second quarter of fiscal 2013, we entered into derivative contracts designated as cash flow hedging instruments that expire in fiscal 2014 with $0.1 million expected to be included in earnings during the next 12 months. As of May 31, 2013, August 31, 2012 and May 31, 2012, the unrealized gains deferred to accumulated other comprehensive loss were as follows:
 
May 31,
2013
 
August 31,
2012
 
May 31,
2012
Gains included in accumulated other comprehensive loss, net of tax expense of $3.5 million
$
5,666

 

 

Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statements of Operations
The following table sets forth the pretax gains (losses) on derivatives not accounted for as hedging instruments that have been included in our Consolidated Statements of Operations for the three and nine months ended May 31, 2013 and 2012.
 
 
 
For the Three Months Ended May 31,
 
For the Nine Months Ended May 31,
 
Location of
Gain (Loss)
 
2013
 
2012
 
2013
 
2012
Commodity and freight derivatives
Cost of goods sold
 
$
(22,457
)
 
$
149,464

 
$
(452,747
)
 
$
(125,437
)
Foreign exchange derivatives
Cost of goods sold
 
(13,648
)
 
950

 
2,570

 
(3,434
)
Interest rate derivatives
Interest, net
 
114

 
36

 
240

 
36

 
 
 
$
(35,991
)
 
$
150,450

 
$
(449,937
)
 
$
(128,835
)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The estimated annual amortization expense related to intangible assets subject to amortization for the next five years is as follows:

Year 1
$
10,009

Year 2
6,633

Year 3
5,964

Year 4
5,041

Year 5
3,193

Thereafter
9,018

 
$
39,858