Accumulated Other Comprehensive Income

9 Months Ended

May 31, 2023

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

Note 13 — 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, 2021	$	518	$	(7,979)	$	(3,749)	$	(11,210)
Other comprehensive gains (losses) before reclassifications (1)		(213)		—		(5,174)		(5,387)
Reclassifications to net income of previously deferred (gains) losses (2)		(64)		336		—		272
Other comprehensive income (loss)		(277)		336		(5,174)		(5,115)
Balance at May 31, 2022	$	241	$	(7,643)	$	(8,923)	$	(16,325)
Balance at August 31, 2022	$	164	$	(7,200)	$	(13,331)	$	(20,367)
Other comprehensive gains (losses) before reclassifications (3)		78		—		4,064		4,142
Reclassifications to net income of previously deferred (gains) losses (4)		(74)		437		—		363
Other comprehensive income (loss)		4		437		4,064		4,505
Balance at May 31, 2023	$	168	$	(6,763)	$	(9,267)	$	(15,862)

(1) Net of tax expense of $70, $0 and $0, respectively.

(2) Net of tax expense of $22, tax benefit of $111 and $0, respectively.

(3) Net of tax benefit of $28, $0 and $0, respectively.

(4) Net of tax expense of $26, tax benefit of $145 and $0, respectively.

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

									Location of Gain (Loss)
									Reclassified from
	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive								Accumulated
	Income (Loss) into Income								Other Comprehensive
	Three Months Ended May 31,				Nine Months Ended May 31,				Income (Loss)
	2023		2022		2023		2022		into Income
Gains on Restricted Investments:
Realized loss (gain) on sale of restricted investments	$	(10)	$	(6)	$	(100)	$	(86)	Selling, general and administrative expenses
Tax expense (benefit)		3		1		26		22
Gain net of tax	$	(7)	$	(5)	$	(74)	$	(64)
Loss on Funded Pension Plan adjustments:
Amortization of prior pension service costs and unrecognized losses		86		149		371		447	Other (expense) income
Settlement and curtailment loss		(90)		—		211		—	Other (expense) income
Tax expense (benefit)		1		(37)		(145)		(111)
Loss net of tax	$	(3)	$	112	$	437	$	336
Total net loss reclassified for the period	$	(10)	$	107	$	363	$	272