Derivative Instruments (Tables)

3 Months Ended

Nov. 30, 2018

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		November 30, 2018		August 31, 2018			November 30, 2018		August 31, 2018
(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	$	755	$	700	Accounts payable and accrued liabilities	$	1,857	$	1,211
Interest rate swap contracts	Accounts receivable, net		—		781	Accounts payable and accrued liabilities		790		1
		$	755	$	1,481		$	2,647	$	1,212
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	144	$	76	Accounts payable and accrued liabilities	$	46	$	354
Interest rate swap contracts	Accounts receivable, net		—		—	Accounts payable and accrued liabilities		105		—
		$	144	$	76		$	151	$	354

Effect of Derivative Instruments on the 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,
		2018		2017
Foreign forward exchange contract	Interest and foreign exchange	$	380	$	380
Interest rate swap contracts	Interest and foreign exchange		—		(17	)
		$	380	$	363

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives (effective portion) three months ended November 30,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (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,
	2018			2017				2018			2017				2018			2017
Foreign forward exchange contracts	$	72		$	730		Revenue	$	(256	)	$	710		Revenue	$	262		$	56
Foreign forward exchange contracts		(1,495	)		(354	)	Cost of revenue		(232	)		(199	)	Cost of revenue		389			82
Interest rate swap contracts		(1,773	)		771		Interest and foreign exchange		(144	)		(167	)	Interest and foreign exchange		(47	)		—
	$	(3,196	)	$	1,147			$	(632	)	$	344			$	604		$	138