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Fair Value Measures (Tables)

12 Months Ended

Aug. 31, 2017

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2017 are:


(In thousands)		Total				Level 1				Level 2⁽¹⁾				Level 3
Assets:
Derivative financial instruments		$	3,814			$	–			$	3,814			$	–
Nonqualified savings plan investments			20,974				20,974				–				–
Cash equivalents			105,337				105,337				–				–

		$	130,125			$	126,311			$	3,814			$	–


Liabilities:
Derivative financial instruments		$	2,886			$	–			$	2,886			$	–

(1)	Level 2 assets include derivative financial instruments which are valued based on significant observable inputs. See Note 14 Derivative Instruments for further discussion.

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2016 are:


(In thousands)		Total				Level 1				Level 2⁽¹⁾				Level 3
Assets:
Derivative financial instruments		$	1,595			$	–			$	1,595			$	–
Nonqualified savings plan investments			15,864				15,864				–				–
Cash equivalents			5,077				5,077				–				–

		$	22,536			$	20,941			$	1,595			$	–


Liabilities:
Derivative financial instruments		$	7,466			$	–			$	7,466			$	–

(1)	Level 2 assets include derivative financial instruments which are valued based on significant observable inputs. See Note 14 Derivative Instruments for further discussion.