XML 50 R31.htm IDEA: XBRL DOCUMENT v3.3.0.814
RETIREMENT PLAN (Tables)
12 Months Ended
Aug. 31, 2015
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, 2015 and 2014 (in thousands):
 
Other Long-Term Liability
 
Accumulated Other Comprehensive Loss
 
Operating Expenses
 
Year Ended August 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2013
Start of Period
$
(628
)
 
$
(604
)
 
$
(148
)
 
$
204

 
$

 
$

 
$

Service cost
66

 
(355
)
 


 

 
192

 
356

 
106

Interest cost
(21
)
 
(14
)
 

 

 
21

 
14

 
17

Prior service cost (including amortization)
(311
)
 

 
407

 
(15
)
 
(232
)
 
15

 
15

Actuarial gains/(losses)
87

 
345

 
(87
)
 
(337
)
 
(91
)
 
(8
)
 
(27
)
Totals
$
(807
)
 
$
(628
)
 
$
172

 
$
(148
)
(1) 
$
(110
)
 
$
377

 
$
111


(1) 
The Company has recorded a deferred tax (liability)/asset of $59,000 and $(35,000) as of August 31, 2015 and 2014, respectively, relating to the unrealized expense on defined benefit plans. The Company also recorded accumulated other comprehensive income (loss), net of tax, for $(113,000) and $113,000 as of August 31, 2015 and 2014, respectively.
Schedule of Assumptions Used
 
 
Year Ended August 31,
Valuation Assumptions:
 
2015
 
2014
Discount rate
 
1.5% to 10.8%
 
1.5
%
Future salary escalation
 
3.0% to 5.5%
 
5.0
%
Percentage of employees assumed to withdraw from Company without a benefit (“turnover”)
 
3.5% to 19.5%
 
17.0
%
Percentage of employees assumed to withdraw from Company with a benefit (“disability”)
 
0.5% to 11.4%
 
0.5
%
Defined Contribution Plan Disclosures [Table Text Block]
The following table summarizes the amounts recorded on the balance sheet and amounts expensed on the consolidated statements of income (in thousands):

 
Accrued Salaries and Benefits
 
Other Long-Term Liability
 
Restricted Cash Held (1)
 
Operating Expenses
 
Years Ended August 31,
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2013
Other Post Employment Plans
$
(397
)
 
$
(341
)
 
$
(1,950
)
 
$
(929
)
 
$
1,403

 
$
1,226

 
$
2,817

 
$
1,628

 
$
1,296


(1) With some locations, local statutes require the applicable Company subsidiary to deposit cash in its own name with designated fund managers. The funds earn interest which the Company recognizes as interest income.