Note 6 - Other Comprehensive Income and Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2014

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

6. OTHER COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of other comprehensive income (loss) and amounts reclassified out of accumulated other comprehensive loss into earnings during the three and nine months ended May 31, 2014 and 2013 are as follows (in thousands):

	Three Months Ended May 31, 2014				Three Months Ended May 31, 2013
	Pre-tax		Net of tax		Pre-tax			Net of tax
Foreign currency translation adjustments	$	545	$	545	$	(2,478	)	$	(2,478	)
Realized loss on cash flow hedges reclassified to earnings (1)		59		37		160			100
Unrealized gain (loss) on cash flow hedges recognized in accumulated other comprehensive loss		3,673		2,304		(1,037	)		(649	)
Other comprehensive income (loss)	$	4,277	$	2,886	$	(3,355	)	$	(3,027	)

	Nine Months Ended May 31, 2014				Nine Months Ended May 31, 2013
	Pre-tax		Net of tax		Pre-tax			Net of tax
Foreign currency translation adjustments	$	12,199	$	12,199	$	(4,135	)	$	(4,135	)
Realized loss on cash flow hedges reclassified to earnings (1)		316		199		557			345
Unrealized gain on cash flow hedges recognized in accumulated other comprehensive loss		8,661		5,426		759			477
Other comprehensive income (loss)	$	21,176	$	17,824	$	(2,819	)	$	(3,313	)

⁽¹⁾ Reclassified to Selling, General and Administrative Expenses

The components of accumulated other comprehensive loss is as follows (in thousands): 

	May 31, 2014			Aug 31, 2013
Accumulated unrealized gains (losses) on cash flow hedges, net of tax	$	778		$	(4,847	)
Accumulated foreign currency translation adjustments		(14,127	)		(26,326	)
Total accumulated other comprehensive loss	$	(13,349	)	$	(31,173	)