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.