Fair Value Measures (Tables)

3 Months Ended

Nov. 30, 2019

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of November 30, 2019 were:

(In thousands)	Total		Level 1		Level 2 (1)		Level 3
Assets:
Derivative financial instruments	$	442	$	—	$	442	$	—
Nonqualified savings plan investments		31,248		31,248		—		—
Cash equivalents		58,006		58,006		—		—
	$	89,696	$	89,254	$	442	$	—
Liabilities:
Derivative financial instruments	$	8,174	$	—	$	8,174	$	—

(1) Level 2 assets and liabilities include derivative financial instruments that are valued based on observable inputs. See Note 12 – Derivative Instruments for further discussion.

Assets and liabilities measured at fair value on a recurring basis as of August 31, 2019 were:

(In thousands)	Total		Level 1		Level 2		Level 3
Assets:
Derivative financial instruments	$	64	$	—	$	64	$	—
Nonqualified savings plan investments		27,967		27,967		—		—
Cash equivalents		68,100		68,100		—		—
	$	96,131	$	96,067	$	64	$	—
Liabilities:
Derivative financial instruments	$	11,279	$	—	$	11,279	$	—