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RETIREMENT PLAN (Tables)
 12 Months Ended
Aug. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The following table summarizes the amount of the funding obligation and the line items in which it is recorded on the consolidated balance sheets and consolidated statements of income as of and for the fiscal years ended August 31, 2014 and 2013 (in thousands):
 
Other Long-Term Liability
 
Accumulated Other Comprehensive Loss
 
Operating Expenses
 
Year Ended August 31,
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2012
Start of Period
$
(589
)
 
$
(396
)
 
$
204

 
$
99

 
$
—

 
$
—

 
$
—

Service cost
(114
)
 
(83
)
 
—

 
—

 
114

 
91

 
140

Interest cost
(14
)
 
(17
)
 
—

 
—

 
14

 
17

 
31

Prior service cost (including amortization)
—

 
—

 
(15
)
 
(15
)
 
15

 
15

 
14

Actuarial gains/(losses)
345

 
(93
)
 
(337
)
 
120

 
(8
)
 
(27
)
 
—

Totals
$
(372
)
 
$
(589
)
 
$
(148
)
 
$
204

(1) 
$
135

 
$
96

 
$
185


(1) 
The Company has recorded a deferred tax (liability)/asset of $(35,000) and $52,000 as of August 31, 2014 and 2013, respectively, relating to the unrealized expense on deferred benefit plan. The Company also recorded accumulated other comprehensive income (loss), net of tax, for $113,000 and $(152,000) as of August 31, 2014 and 2013, respectively.
Schedule of Assumptions Used
 
 
Year Ended August 31,
Valuation Assumptions Used in the Accounting of the Defined Benefit Plan:
 
2014
 
2013
Discount rate
 
1.5
%
 
2.0
%
Future salary escalation
 
5.0
%
 
5.0
%
Percentage of employees assumed to withdraw from Company without a benefit (“turnover”)
 
17.0
%
 
11.0
%
Percentage of employees assumed to withdraw from Company with a benefit (“disability”)
 
0.5
%
 
0.5
%