Accumulated Other Comprehensive Loss

9 Months Ended

May. 31, 2015

Accumulated Other Comprehensive Loss

Note 8 – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following:

(In thousands)	Unrealized Loss on Derivative Financial Instruments			Foreign Currency Translation Adjustment			Other			Accumulated Other Comprehensive Loss
Balance, August 31, 2014	$	(1,601	)	$	(4,813	)	$	(518	)	$	(6,932	)
Other comprehensive income (loss) before reclassifications		(7	)		(10,838	)1		99			(10,746	)
Amounts reclassified from accumulated other comprehensive loss		417			—			—			417
Balance, May 31, 2015	$	(1,191	)	$	(15,651	)	$	(419	)	$	(17,261	)

¹  Primarily relates to the foreign currency translation of the Company’s Zloty functional currency operations in Poland to US Dollars.

The amounts reclassified out of Accumulated other comprehensive loss into the Consolidated Statements of Income, with presentation location, were as follows:

	Three Months Ended May 31,						Nine Months Ended May 31,						Financial Statement Location
(In thousands)	2015			2014			2015			2014
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	(652	)	$	(335	)	$	(518	)	$	(575	)	Revenue
Interest rate swap contracts		442			446			1,349			1,275		Interest and foreign exchange
		(210	)		111			831			700		Total before tax
		(44	)		(107	)		(414	)		(379	)	Tax expense
	$	(254	)	$	4		$	417		$	321		Net of tax