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Accumulated Other Comprehensive Loss
3 Months Ended
Nov. 30, 2018
Accumulated Other Comprehensive Loss

Note 10 – Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss, net of tax effect as appropriate, consisted of the following:

 

(In thousands)    Unrealized
Gain (loss) on
Derivative
Financial
Instruments
    Foreign
Currency
Translation
Adjustment
    Other     Accumulated
Other
Comprehensive
Loss
 

Balance, August 31, 2018

   $ (431   $ (21,506   $ (1,429   $ (23,366

Other comprehensive loss before reclassifications

     (2,302     (3,916     (230     (6,448

Amounts reclassified from Accumulated other comprehensive loss

     469       —         —         469  
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance, November 30, 2018

   $ (2,264   $ (25,422   $ (1,659   $ (29,345
  

 

 

   

 

 

   

 

 

   

 

 

 

The amounts reclassified out of Accumulated other comprehensive loss into the Consolidated Statements of Income, with presentation location, were as follows:

 

(In thousands)    Three Months Ended
November 30,
   

Financial Statement

Location

   2018     2017  

(Gain) loss on derivative financial instruments:

      

Foreign exchange contracts

   $ 488     $ (511   Revenue and Cost of revenue

Interest rate swap contracts

     144       167     Interest and foreign exchange
  

 

 

   

 

 

   
     632       (344   Total before tax
     (163     16     Tax expense
  

 

 

   

 

 

   
   $ 469     $ (328   Net of tax