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Accumulated Other Comprehensive Loss
9 Months Ended
May 31, 2016
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, 2015

   $ (2,194   $ (18,666   $ (345   $ (21,205

Other comprehensive loss before reclassifications

     (6,417     (3,608     1        (10,024

Amounts reclassified from accumulated other comprehensive loss

     1,710        —          —          1,710   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, May 31, 2016

   $ (6,901   $ (22,274   $ (344   $ (29,519
  

 

 

   

 

 

   

 

 

   

 

 

 

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)

   2016     2015     2016     2015    

(Gain) loss on derivative financial instruments:

          

Foreign exchange contracts

   $ 561      $ (652   $ 1,203      $ (518   Revenue

Interest rate swap contracts

     370        442        1,247        1,349      Interest and foreign exchange
  

 

 

   

 

 

   

 

 

   

 

 

   
     931        (210     2,450        831      Total before tax
     (272     (44     (740     (414   Tax expense
  

 

 

   

 

 

   

 

 

   

 

 

   
   $ 659      $ (254   $ 1,710      $ 417      Net of tax