Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2020

Note 9 – 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, 2019	$	(8,841	)	$	(34,194	)	$	(1,780	)	$	(44,815	)
Other comprehensive loss before reclassifications		(7,127	)		(13,306	)		(140	)		(20,573	)
Amounts reclassified from Accumulated other comprehensive loss		2,322			—			—			2,322
Balance, May 31, 2020	$	(13,646	)	$	(47,500	)	$	(1,920	)	$	(63,066	)

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

	Three Months Ended May 31,
(In thousands)	2020			2019			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	1,711		$	249		Revenue and Cost of revenue
Interest rate swap contracts		783			142		Interest and foreign exchange
		2,494			391		Total before tax
		(649	)		(85	)	Income tax benefit
	$	1,845		$	306		Net of tax

	Nine Months Ended May 31,
(In thousands)	2020			2019			Financial Statement Location
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	1,812		$	1,506		Revenue and cost of revenue
Interest rate swap contracts		1,319			438		Interest and foreign exchange
		3,131			1,944		Total before tax
		(809	)		(468	)	Income tax benefit
	$	2,322		$	1,476		Net of tax