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POST EMPLOYMENT PLANS (Tables)
12 Months Ended
Aug. 31, 2017
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Cost



 

 

 



 

Expected Recognition



 

Year Ended August 31,



 

2018

Prior service cost

 

$

55 

Actuarial gain/loss

 

 

31 



 

$

86 



Defined Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Defined Benefit Plans



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Other Long-Term
Liability

 

Accumulated Other
Comprehensive Loss

 

 

Operating Expenses



 

August 31,

 

 

Year Ended August 31,



 

2017

 

2016

 

2017

 

2016

 

 

2017

 

2016

 

2015

Start of period

 

$

(882)

 

$

(807)

 

$

465 

 

$

172 

 

 

$

 —

 

$

 —

 

$

 —

Service cost

 

 

88 

 

 

234 

 

 

 —

 

 

 —

 

 

 

119 

 

 

35 

 

 

192 

Interest cost

 

 

(80)

 

 

(51)

 

 

 —

 

 

 —

 

 

 

80 

 

 

52 

 

 

21 

Prior service cost (amortization)

 

 

 

 

 

 —

 

 

(55)

 

 

35 

 

 

 

55 

 

 

56 

 

 

(232)

Actuarial gains/(losses)

 

 

(196)

 

 

(258)

 

 

240 

 

 

258 

 

 

 

(45)

 

 

(87)

 

 

(91)

Totals

 

$

(1,070)

 

$

(882)

 

$

650 

 

$

465 

(1) 

 

$

209 

 

$

56 

 

$

(110)



(1)

The Company has recorded a deferred tax (liability)/asset of $208,000 and $150,000 as of August 31, 2017 and 2016, respectively, relating to the unrealized expense on defined benefit plans. The Company also recorded accumulated other comprehensive income (loss), net of tax, for $(442,000) and $(315,000) as of August 31, 2017 and 2016, respectively.

Post-Employment Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Assumptions Used



 

 

 

 



 

 

 

 



 

Year Ended August 31,

Valuation Assumptions:

 

2017

 

2016

Discount rate

 

3.5%  to 10.5%

 

3.5%  to 10.8%

Future salary escalation

 

3.0%  to  5.0%

 

3.0%  to  5.5%

Percentage of employees assumed to withdraw from Company without a benefit (“turnover”)

 

3.9%  to 19.5%

 

4.0%  to 19.5%

Percentage of employees assumed to withdraw from Company with a benefit (“disability”)

 

0.5%  to  6.0%

 

0.5%  to 11.4%



Other Post-Employment Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Summary of Other Post-Employment Plans



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Accrued Salaries
and Benefits

 

Other Long-Term
Liability

 

Restricted Cash

Held (1)

 

Operating Expenses



 

Years Ended August 31,



 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

2017

 

2016

 

2015

Other Post-

Employment Plans

 

$

425 

 

$

358 

 

$

2,720 

 

$

2,395 

 

$

2,493 

 

$

2,188 

 

$

1,017 

 

$

1,026 

 

$

1,722 



(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.