Derivative Instruments (Tables)

3 Months Ended

Nov. 30, 2016

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		November 30, 2016		August 31, 2016			November 30, 2016		August 31, 2016
(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	$	764	$	1,570	Accounts payable and accrued liabilities	$	11,552	$	4,287
Interest rate swap contracts	Intangibles and other assets, net		—		—	Accounts payable and accrued liabilities		1,725		3,157
		$	764	$	1,570		$	13,277	$	7,444
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	2	$	25	Accounts payable and accrued liabilities	$	64	$	22

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 three months ended November 30,
		2016		2015
Foreign forward exchange contract	Interest and foreign exchange	$	47	$	(186	)
Interest rate swap contracts	Interest and foreign exchange		38		86
		$	85	$	(100	)

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) three months ended November  30,						Location of loss reclassified from accumulated OCI into income	Loss reclassified from accumulated OCI into income (effective portion) three months ended November  30,						Location of gain (loss) on derivative (ineffective portion and amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (ineffective portion and amount excluded  from effectiveness testing) three months ended November 30,
	2016			2015				2016			2015				2016			2015
Foreign forward exchange contracts	$	(6,456	)	$	(7,043	)	Revenue	$	(87	)	$	(267	)	Revenue	$	(1,258	)	$	4,592
Foreign forward exchange contracts		(834	)		—		Cost of revenue		(56	)		—		Cost of revenue		(32	)		—
Interest rate swap contracts		1,146			(592	)	Interest and foreign exchange		(338	)		(445	)	Interest and foreign exchange		—			—
	$	(6,144	)	$	(7,635	)		$	(481	)	$	(712	)		$	(1,290	)	$	4,592