Accumulated Other Comprehensive Loss |
Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of tax, are as follows as of August 31, 2018, 2017 and 2016 (in thousands): | | | | | | | | | | | | | | | | | | Foreign Currency Translation Adjustments | | Pension Obligations, net | | Net Unrealized Gain (Loss) on Cash Flow Hedges | | Total | Balance as of August 31, 2015 | $ | (34,009 | ) | | $ | (4,273 | ) | | $ | (240 | ) | | $ | (38,522 | ) | Other comprehensive loss before reclassifications | (530 | ) | | (2,139 | ) | | — |
| | (2,669 | ) | Income tax benefit | — |
| | 167 |
| | — |
| | 167 |
| Other comprehensive loss before reclassifications, net of tax | (530 | ) | | (1,972 | ) | | — |
| | (2,502 | ) | Amounts reclassified from accumulated other comprehensive loss | — |
| | 688 |
| | 312 |
| | 1,000 |
| Income tax benefit | — |
| | (19 | ) | | (72 | ) | | (91 | ) | Amounts reclassified from accumulated other comprehensive loss, net of tax | — |
| | 669 |
| | 240 |
| | 909 |
| Net periodic other comprehensive income (loss) | (530 | ) | | (1,303 | ) | | 240 |
| | (1,593 | ) | Balance as of August 31, 2016 | (34,539 | ) | | (5,576 | ) | | — |
| | (40,115 | ) | Other comprehensive income before reclassifications | 2,711 |
| | 1,477 |
| | — |
| | 4,188 |
| Income tax expense | — |
| | (194 | ) | | — |
| | (194 | ) | Other comprehensive income before reclassifications, net of tax | 2,711 |
| | 1,283 |
| | — |
| | 3,994 |
| Amounts reclassified from accumulated other comprehensive loss | — |
| | 851 |
| | — |
| | 851 |
| Income tax benefit | — |
| | (23 | ) | | — |
| | (23 | ) | Amounts reclassified from accumulated other comprehensive loss, net of tax | — |
| | 828 |
| | — |
| | 828 |
| Net periodic other comprehensive income | 2,711 |
| | 2,111 |
| | — |
| | 4,822 |
| Balance as of August 31, 2017 | (31,828 | ) | | (3,465 | ) | | — |
| | (35,293 | ) | Other comprehensive income (loss) before reclassifications | (2,301 | ) | | 64 |
| | — |
| | (2,237 | ) | Income tax benefit | — |
| | 172 |
| | — |
| | 172 |
| Other comprehensive income (loss) before reclassifications, net of tax | (2,301 | ) | | 236 |
| | — |
| | (2,065 | ) | Amounts reclassified from accumulated other comprehensive loss | — |
| | 536 |
| | — |
| | 536 |
| Income tax benefit | — |
| | (415 | ) | | — |
| | (415 | ) | Amounts reclassified from accumulated other comprehensive loss, net of tax | — |
| | 121 |
| | — |
| | 121 |
| Net periodic other comprehensive income (loss) | (2,301 | ) | | 357 |
| | — |
| | (1,944 | ) | Balance as of August 31, 2018 | $ | (34,129 | ) | | $ | (3,108 | ) | | $ | — |
| | $ | (37,237 | ) |
In the second quarter of fiscal 2018, the Company adopted an accounting standard update that allowed for a reclassification from AOCI to retained earnings for stranded tax effects resulting from the Tax Act enacted on December 22, 2017. Reclassifications from AOCI to retained earnings for stranded tax effects during the year ended August 31, 2018, both individually and in the aggregate, were not material. Reclassifications from AOCI to earnings, both individually and in the aggregate, were not material to the impacted captions in the Consolidated Statements of Operations in all periods presented.
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