Derivative Instruments (Tables)

12 Months Ended

Aug. 31, 2021

Derivative Instruments And Hedging Activities Disclosure [Abstract]

	Asset Derivatives					Liability Derivatives
		August 31,					August 31,
		2021		2020			2021		2020
(In thousands)	Balance sheet caption	Fair Value		Fair Value		Balance sheet caption	Fair Value		Fair Value
Derivatives designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	118	$	560	Accounts payable and accrued liabilities	$	268	$	3
Interest rate swap contracts	Accounts receivable, net		—		—	Accounts payable and accrued liabilities		10,075		15,904
		$	118	$	560		$	10,343	$	15,907
Derivatives not designated as hedging instruments
Foreign forward exchange contracts	Accounts receivable, net	$	—	$	22	Accounts payable and accrued liabilities	$	108	$	—

Effect of Derivative Instruments on the Statements of Income

The Effect of Derivative Instruments on the Consolidated Statements of Income

Derivatives in cash flow

hedging relationships

Location of gain (loss)

recognized in income on derivative

Gain (loss) recognized in income on

derivatives Years ended August 31,

2021

2020

Foreign forward exchange contract

Interest and foreign exchange

(70

)

Derivatives in cash flow hedging relationships	Gain (loss) recognized in OCI on derivatives Years ended August 31,						Location of gain (loss) reclassified from accumulated OCI into income	Gain (loss) reclassified from accumulated OCI into income Years ended August 31,						Location of gain (loss) in income on derivative (amount excluded from effectiveness testing)	Gain (loss) recognized on derivative (amount excluded from effectiveness testing) Years ended August 31,
	2021			2020				2021			2020				2021		2020
Foreign forward exchange contracts	$	(1,976	)	$	461		Revenue	$	(1,330	)	$	(748	)	Revenue	$	602	$	996
Foreign forward exchange contracts		(37	)		(2,238	)	Cost of revenue		(78	)		(2,236	)	Cost of revenue		124		513
Interest rate swap contracts		568			(8,307	)	Interest and foreign exchange		(5,261	)		(2,657	)	Interest and foreign exchange	—		—
	$	(1,445	)	$	(10,084	)		$	(6,669	)	$	(5,641	)		$	726	$	1,509

Effects of Cash Flow Hedges Included in Statements 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 years ended August 31, 2021, 2020 and 2019:

	For the Years Ended August 31,
	2021					2020					2019
(In thousands)	Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity			Total		Amount of gain (loss) on cash flow hedge activity
Revenue	$	1,747,981	$	(1,330	)	$	2,792,189	$	(748	)	$	3,033,591	$	(764	)
Cost of revenue		1,516,374		(78	)		2,439,058		(2,236	)		2,667,105		(1,030	)
Interest and foreign exchange		43,263		(5,261	)		43,619		(2,657	)		30,912		(545	)