Derivative Instruments (Tables)

3 Months Ended

Nov. 30, 2019

Fair Values of Derivative Instruments

Fair Values of Derivative Instruments

	Asset Derivatives					Liability Derivatives
		November 30, 2019		August 31, 2019			November 30, 2019		August 31, 2019
(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	$	386	$	64	Accounts payable and  accrued liabilities	$	640	$	437
Interest rate swap contracts	Accounts receivable, net		—		—	Accounts payable and  accrued liabilities		7,369		10,255
		$	386	$	64		$	8,009	$	10,692
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	56	$	—	Accounts payable and  accrued liabilities	$	165	$	587

Effect of Derivative Instruments on the Statements of Income

The Effect of Derivative Instruments on the Statements of Income

Three Months Ended November 30, 2019

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,
		2019		2018
Foreign forward exchange contract	Interest and foreign exchange	$	71	$	380

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives three months ended November 30,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income three months ended November 30,						Location of gain (loss) on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) three months ended November 30,
	2019			2018				2019			2018				2019			2018
Foreign forward exchange contracts	$	573		$	72		Revenue	$	(166	)	$	(256)		Revenue	$	453		$	262
Foreign forward exchange contracts		(594	)		(1,495	)	Cost of revenue		(75	)		(232	)	Cost of revenue		134			389
Interest rate swap contracts		2,719			(1,773	)	Interest and foreign exchange		(167	)		(144	)	Interest and foreign exchange		(165	)		(47	)
	$	2,698		$	(3,196	)		$	(408	)	$	(632	)		$	422		$	604

Schedule Of Effects Of Cash Flow Hedges Included In Statement Of Income

The following table presents the amounts in the Consolidated Statements of Income in which the effects of the cash flow hedges are recorded and the effects of the cash flow hedge activity on these line items for the three months ended November 30, 2019 and 2018:

	For the Three Months Ended November 30,
	2019					2018
	Total		Amount of gain  (loss) on cash flow hedge activity			Total		Amount of gain  (loss) on cash flow hedge activity
Revenue	$	769,359	$	(166	)	$	604,523	$	(256	)
Cost of revenue		677,170		(75	)		531,990		(232	)
Interest and foreign exchange		12,852		(167	)		4,404		(144	)