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Financial Derivatives (Tables)
9 Months Ended
May 31, 2020
Derivative Instruments And Hedges [Abstract]  
Schedule of Financial Derivatives Fair values of derivative instruments are as follows:

 

($ in thousands)

 

Balance sheet

location

 

May 31,

2020

 

 

May 31,

2019

 

 

August 31,

2019

 

Derivatives designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Other current assets

 

$

 

 

$

533

 

 

$

1,073

 

Foreign currency forward contracts

 

Other current liabilities

 

 

 

 

 

 

 

 

 

Total derivatives designated as hedging

    instruments

 

 

 

$

 

 

$

533

 

 

$

1,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency option contracts

 

Other current assets

 

$

909

 

 

$

1

 

 

$

39

 

Foreign currency forward contracts

 

Other current liabilities

 

 

(528

)

 

 

(22

)

 

 

 

Total derivatives not designated as

   hedging instruments

 

 

 

$

381

 

 

$

(21

)

 

$

39

 

 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income

The amount of gain recognized in other comprehensive income is as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

($ in thousands)

 

May 31,

2020

 

 

May 31,

2019

 

 

May 31,

2020

 

 

May 31,

2019

 

Foreign currency forward contracts, net of tax

   expense of $63, $182, $123 and $368, respectively

 

$

101

 

 

$

682

 

 

$

304

 

 

$

1,324