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Fair Value Measurements (Tables)
12 Months Ended
Aug. 31, 2014
Fair Value Disclosures [Abstract]  
Fair value liabilities measured on recurring basis
Liabilities measured at fair value on a recurring basis, all of which are included in other liabilities on our Consolidated Balance Sheets, consist of the following as of August 31, 2014 and 2013:
 
 
 
Fair Value Measurements at Reporting Dates Using
 
Fair Value
as of Respective
Reporting Dates
 
Quoted Prices in
Active Markets for
Identical Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
($ in thousands)
 
 
 
Contingent consideration as of August 31, 2014
$
41,893

 
$

 
$

 
$
41,893

Contingent consideration as of August 31, 2013
$
5,277

 
$

 
$

 
$
5,277

Fair value liabilities measured on recurring basis, unobservable input reconciliation
The following summarizes the changes in liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the respective periods:
 
Year Ended August 31,
($ in thousands)
2014
 
2013
Beginning balance
$
5,277

 
$

Initial contingent consideration at fair value
21,371

 
6,000

Change in fair value included in net income
13,907

 
(723
)
Currency translation adjustment
1,338

 

Ending balance
$
41,893

 
$
5,277

Fair value liabilities measured on non-recurring basis
Liabilities measured at fair value on a nonrecurring basis during fiscal years 2014 and 2013, all of which are included in other liabilities on our Consolidated Balance Sheets, consist of the following:
 
 
 
Fair Value Measurements at Measurement Dates Using
 
 
($ in thousands)
Fair Value at
Measurement
Dates
 
Quoted Prices in
Active Markets for
Identical Liabilities
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Losses for
Respective
Fiscal Years
Fiscal year 2014 restructuring obligations
$
34,701

 
$

 
$

 
$
34,701

 
$
34,701

Fiscal year 2013 restructuring obligations
$
92,151

 
$

 
$

 
$
92,151

 
$
92,151