Derivative Instruments (Tables)

9 Months Ended

May 31, 2016

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		May 31, 2016		August 31, 2015			May 31, 2016		August 31, 2015
(In thousands)	Balance sheet location	Fair Value		Fair Value		Balance sheet location	Fair Value		Fair Value
Derivatives designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	3,640	$	1,820	Accounts payable and accrued liabilities	$	5,402	$	737
Interest rate swap contracts	Intangibles and other assets, net		—		—	Accounts payable and accrued liabilities		3,437		2,393
		$	3,640	$	1,820		$	8,839	$	3,130
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	—	$	93	Accounts payable and accrued liabilities	$	190	$	76

Effect of Derivative Instruments on Statements of Income

The Effect of Derivative Instruments on the Statements of Income

Derivatives in cash flow hedging relationships	Location of gain (loss) recognized in income on derivatives	Gain (loss) recognized in income on derivatives nine months ended May 31,
		2016			2015
Foreign forward exchange contract	Interest and foreign exchange	$	(245	)	$	(22	)
Interest rate swap contracts	Interest and foreign exchange		88			69
		$	(157	)	$	47

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) nine months ended May 31,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income (effective portion) nine months ended May 31,						Location of gain on derivative (ineffective portion and amount excluded from effectiveness testing)	Gain recognized on derivative (ineffective portion and amount excluded from effectiveness testing) nine months ended May 31,
	2016			2015				2016			2015				2016		2015
Foreign forward exchange contracts	$	(5,430	)	$	1,867		Revenue	$	(835	)	$	518		Revenue	$	2,572	$	1,024
Foreign forward exchange contracts		(919	)		—		Cost of revenue		(412	)		—		Cost of revenue		88		—
Interest rate swap contracts		(2,274	)		(2,640	)	Interest and foreign exchange		(1,203	)		(1,349	)	Interest and foreign exchange		—		—
	$	(8,623	)	$	(773	)		$	(2,450	)	$	(831	)		$	2,660	$	1,024