Note 6 - Other Comprehensive Income (Loss) and Accumulated Other Comprehensive Loss

9 Months Ended

May 31, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

6.

OTHER COMPREHENSIVE INCOME (LOSS)

AND ACCUMULATED OTHER COMPREHENSIVE LOSS

The components of other comprehensive income and amounts reclassified out of AOCL into earnings during the

three

months ended

May 31, 2017

and

2016

are as follows:

	May 31, 2017				May 31, 2016
(in thousands)	Pre-tax		Net of tax		Pre-tax		Net of tax
Foreign currency translation adjustments	$	21,316	$	21,316	$	8,883	$	8,883
Realized loss on cash flow hedges reclassified to earnings (1)		403		247		12		7
Unrealized gain on cash flow hedges recognized in AOCL		3,467		2,138		3,900		2,457
Other comprehensive income	$	25,186	$	23,701	$	12,795	$	11,347

( 1 ) Reclassified to Selling, General and Administrative Expenses

The components of other comprehensive income (loss) and amounts reclassified out of AOCL into earnings during the

nine

months ended

May 31, 2017

and

2016

are as follows:

	May 31, 2017				May 31, 2016
(in thousands)	Pre-tax		Net of tax		Pre-tax			Net of tax
Foreign currency translation adjustments	$	10,680	$	10,680	$	(7,867	)	$	(7,867	)
Realized loss (gain) on cash flow hedges reclassified to earnings (1)		2,788		1,755		(40	)		(25	)
Unrealized gain on cash flow hedges recognized in AOCL		4,006		2,478		404			254
Other comprehensive income ( loss )	$	17,474	$	14,913	$	(7,503	)	$	(7,638	)

( 1 ) Reclassified to Selling, General and Administrative Expenses

The components of AOCL are as follows:

(in thousands)	May 31, 2017			August 31, 2016
Accumulated unrealized gains (losses) on cash flow hedges, net of tax	$	3,018		$	(1,215	)
Accumulated foreign currency translation adjustments		(56,658	)		(67,338	)
Total accumulated other comprehensive loss	$	(53,640	)	$	(68,553	)