Derivative Instruments (Tables)

12 Months Ended

Aug. 31, 2018

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		August 31,					August 31,
		2018		2017			2018		2017
(In thousands)	Balance sheet caption	Fair Value		Fair Value		Balance sheet caption	Fair Value		Fair Value
Derivatives designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	700	$	2,341	Accounts payable and accrued liabilities	$	1,211	$	1,761
Interest rate swap contracts	Intangibles and other assets, net		781		–	Accounts payable and accrued liabilities		1		1,125
		$	1,481	$	2,341		$	1,212	$	2,886
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	76	$	1,473	Accounts payable and accrued liabilities	$	354	$	–

Effect of Derivative Instruments on Consolidated Statements of Income

The Effect of Derivative Instruments on the Consolidated Statements of Income

Derivatives in cash flow hedging relationships	Financial statement caption of gain recognized in income on derivative	Gain recognized in income on derivatives Years ended August 31,
		2018			2017
Foreign forward exchange contract	Interest and foreign exchange	$	1,052		$	3,207
Interest rate swap contracts	Interest and foreign exchange		(1	)		23
		$	1,051		$	3,230

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) Years ended August 31,					Financial statement caption of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income (effective portion) Years ended August 31,						Financial statement caption of gain (loss) in income on derivative (ineffective portion and amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (ineffective portion and amount excluded from effectiveness testing) Years ended August 31,
	2018			2017			2018			2017				2018		2017
Foreign forward exchange contracts	$	(658	)	$	1,746	Revenue	$	1,145		$	(3,980	)	Revenue	$	854	$	(2,843	)
Foreign forward exchange contracts		(1,093	)		385	Cost of revenue		(429	)		336		Cost of revenue		306		248
Interest rate swap contracts		1,632			1,042	Interest and foreign exchange		(298	)		(1,057	)	Interest and foreign exchange		–		–
	$	(119	)	$	3,173		$	418		$	(4,701	)		$	1,160	$	(2,595	)