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Changes in Equity and Comprehensive Income
 9 Months Ended
May 31, 2012
Changes in Equity and Comprehensive Income [Abstract]  
Changes in Equity and Comprehensive Income
Changes in Equity and Comprehensive Income
 
The following is a summary of the changes in equity for the nine months ended May 31, 2012 and 2011 (in thousands):
 
Fiscal 2012
 
Fiscal 2011
 
SSI shareholders’
equity
 
Noncontrolling
interests
 
Total
equity
 
SSI shareholders’
equity
 
Noncontrolling
interests
 
Total
equity
Balances - September 1 (Beginning of period)
$
1,094,712

 
$
6,524

 
$
1,101,236

 
$
975,326

 
$
4,306

 
$
979,632

Net income(1)
27,886

 
2,444

 
30,330

 
81,647

 
3,739

 
85,386

Other comprehensive income (loss), net of tax(2)
(9,067
)
 
—

 
(9,067
)
 
4,463

 
—

 
4,463

Distributions to noncontrolling interests
—

 
(3,497
)
 
(3,497
)
 
—

 
(2,101
)
 
(2,101
)
Share repurchases
(14,748
)
 
—

 
(14,748
)
 
—

 
—

 
—

Restricted stock withheld for taxes
(1,194
)
 
—

 
(1,194
)
 
(1,893
)
 
—

 
(1,893
)
Stock options exercised
608

 
—

 
608

 
555

 
—

 
555

Share-based compensation
7,574

 
—

 
7,574

 
9,454

 
—

 
9,454

Excess tax benefit (deficiency) from stock options exercised and restricted stock units vested
84

 
—

 
84

 
(197
)
 
—

 
(197
)
Cash dividends ($0.222 and $0.051 per share)
(6,051
)
 
—

 
(6,051
)
 
(1,402
)
 
—

 
(1,402
)
Balances - May 31 (End of period)
$
1,099,804

 
$
5,471

 
$
1,105,275

 
$
1,067,953

 
$
5,944

 
$
1,073,897

_____________________________
(1)
Net income attributable to noncontrolling interests for the nine months ended May 31, 2012 and 2011 excludes net income (loss) of $(569) and $65, respectively, allocable to the redeemable noncontrolling interest, which is reported in the mezzanine section of the Unaudited Condensed Consolidated Balance Sheets. See Note 9 - Redeemable Noncontrolling Interest.
(2)
Other comprehensive income (loss), net of tax for the nine months ended May 31, 2012 excludes $723 relating to foreign currency translation adjustments for the redeemable noncontrolling interest, which is reported in the mezzanine section of the Unaudited Condensed Consolidated Balance Sheets. See Note 9 - Redeemable Noncontrolling Interest.

The components of comprehensive income for the three and nine months ended May 31, 2012 and 2011 were as follows (in thousands):
 
Three Months Ended May 31,
 
Nine Months Ended May 31,
 
2012
 
2011
 
2012
 
2011
Net income
$
11,654

 
$
34,400

 
$
29,761

 
$
85,451

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Change in cumulative currency translation adjustment(1)
(5,920
)
 
533

 
(8,449
)
 
4,070

Change in net unrealized gain (loss) on cash flow hedges(2)
(123
)
 
(18
)
 
(95
)
 
99

Pension obligations, net(3)
67

 
120

 
200

 
294

Total other comprehensive income (loss), net of tax
(5,976
)
 
635

 
(8,344
)
 
4,463

Comprehensive income
5,678

 
35,035

 
21,417

 
89,914

Less amounts attributable to noncontrolling interests:
 
 
 
 
 
 
 
Net income attributable to noncontrolling interests
(413
)
 
(1,372
)
 
(1,875
)
 
(3,804
)
Foreign currency translation adjustment attributable to redeemable noncontrolling interest
(940
)
 
—

 
(723
)
 
—

Total amounts attributable to noncontrolling interests
(1,353
)
 
(1,372
)
 
(2,598
)
 
(3,804
)
Comprehensive income attributable to SSI
$
4,325

 
$
33,663

 
$
18,819

 
$
86,110

_____________________________
(1)
Net of tax (benefit) expense of $(532), $28, $(657) and $980 for each respective period.
(2)
Net of tax (benefit) expense of $(70), $(9), $(54) and $75 for each respective period.
(3)
Net of tax expense of $39, $71, $117 and $177 for each respective period.