Accumulated Other Comprehensive Income

12 Months Ended

Aug. 31, 2021

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Note 18—Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income (loss), net of tax, were as follows:

			Change in Funded		Foreign Currency
	Restricted		Status of		Translation
	Investments		Pension Plans		Adjustment		Total
Balance at August 31, 2019	$	154	$	(6,271)	$	(8,207)	$	(14,324)
Other comprehensive gains (losses) before reclassifications		143		(1,278)		3,163		2,028
Reclassifications to net income of previously deferred (gains) losses		(28)		620		—		592
Other comprehensive income (loss)		115		(658)		3,163		2,620
Adoption of ASU 2018-02		—		(1,388)		—		(1,388)
Balance at August 31, 2020	$	269	$	(8,317)	$	(5,044)	$	(13,092)
Balance at August 31, 2020	$	269	$	(8,317)	$	(5,044)	$	(13,092)
Other comprehensive gains (losses) before reclassifications		297		(159)		1,295		1,433
Reclassifications to net income of previously deferred (gains) losses		(48)		497		—		449
Other comprehensive income (loss)		249		338		1,295		1,882
Balance at August 31, 2021	$	518	$	(7,979)	$	(3,749)	$	(11,210)

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of income:

	Amount of Gain (Loss) Reclassified from
	Accumulated Other Comprehensive Income
	(Loss) into Income
	Year Ended		Year Ended		Location of Gain (Loss) Reclassified from Accumulated
	August 31, 2021		August 31, 2020		Other Comprehensive Income (Loss) into Income
Gains on Restricted Investments:
Realized loss (gain) on sale of restricted investments	$	(65)	$	(37)	Selling, general and administrative expenses
Tax expense (benefit)		17		9
Gain net of tax	$	(48)	$	(28)
Loss on Funded Pension Plan adjustments:
Amortization of prior pension service costs and unrecognized losses	$	659	$	667	Other income (expense)
Settlement and curtailment loss		—		155	Other income (expense)
Tax expense (benefit)		(162)		(202)
Loss net of tax	$	497	$	620
Total net loss reclassified for the period	$	449	$	592