Accumulated Other Comprehensive Loss

6 Months Ended

Feb. 28, 2021

Note 8 – 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, 2020	$	(11,970	)	$	(39,816	)	$	(1,031	)	$	(52,817	)
Other comprehensive loss before reclassifications		(895	)		4,460			53			3,618
Amounts reclassified from Accumulated other comprehensive loss		2,515			—			—			2,515
Balance, February 28, 2021	$	(10,350	)	$	(35,356	)	$	(978	)	$	(46,684	)

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

	Three Months Ended
(In thousands)	February 28, 2021			February 29, 2020			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	385		$	(140	)	Revenue and Cost of revenue
Interest rate swap contracts		1,263			369		Interest and foreign exchange
Total before tax		1,648			229
Income tax		(374	)		(61	)
Net of tax	$	1,274		$	168

	Six Months Ended
(In thousands)	February 28, 2021			February 29, 2020			Financial Statement Caption
(Gain) loss on derivative financial instruments:
Foreign exchange contracts	$	672		$	101		Revenue and Cost of revenue
Interest rate swap contracts		2,594			536		Interest and foreign exchange
Total before tax		3,266			637
Income tax		(751	)		(160	)
Net of tax	$	2,515		$	477