Derivative Instruments (Tables)

6 Months Ended

Feb. 28, 2017

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		February 28, 2017		August 31, 2016			February 28, 2017		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	$	232	$	1,570	Accounts payable and accrued liabilities	$	6,127	$	4,287
Interest rate swap contracts	Intangibles and other assets, net		—		—	Accounts payable and accrued liabilities		1,134		3,157
		$	232	$	1,570		$	7,261	$	7,444
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	—	$	25	Accounts payable and accrued liabilities	$	1,635	$	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 six months ended
		February 28, 2017		February 29, 2016
Foreign forward exchange contract	Interest and foreign exchange	$	520	$	(436	)
Interest rate swap contracts	Interest and foreign exchange		23		138
		$	543	$	(298	)

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) six months ended						Location of loss reclassified from accumulated OCI into income	Loss reclassified from accumulated OCI into income (effective portion) six months ended						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) six months ended
	2/28/17			2/29/16				2/28/17			2/29/16				2/28/17			2/29/16
Foreign forward exchange contracts	$	(3,592	)	$	(6,756	)	Revenue	$	(3,096	)	$	(491	)	Revenue	$	(3,355	)	$	3,795
Foreign forward exchange contracts		(435	)		(982	)	Cost of revenue		(346	)		(195	)	Cost of revenue		100			23
Interest rate swap contracts		1,464			(2,278	)	Interest and foreign exchange		(626	)		(833	)	Interest and foreign exchange		—			—
	$	(2,563	)	$	(10,016	)		$	(4,068	)	$	(1,519	)		$	(3,255	)	$	3,818