XML 16 R5.htm IDEA: XBRL DOCUMENT v3.24.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Nov. 30, 2024
Nov. 30, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 37,428 $ 38,047
Other Comprehensive Income, net of tax:    
Foreign currency translation adjustments [1] (2,853) 3,537
Defined benefit pension plan:    
Net gain (loss) arising during period (7) 25
Amortization of prior service cost and actuarial gains included in net periodic pensions cost 78 96
Total defined benefit pension plan 71 121
Derivative instruments:    
Unrealized gains (losses) on change in derivative obligations [2] (238) 1,174
Unrealized losses on change in fair value of interest rate swaps [2] (2,140) (1,252)
Amounts reclassified from accumulated other comprehensive income to other expense, net for settlement of derivatives [2] 2,144 0
Total derivative instruments [2] (234) (78)
Other comprehensive income (loss) (3,016) 3,580
Comprehensive income $ 34,412 $ 41,627
[1] Translation adjustments arising in translating the financial statements of a foreign entity have no effect on the income taxes of that foreign entity. They may, however, affect: (a) the amount, measured in the parent entity's reporting currency, of withholding taxes assessed on dividends paid to the parent entity and (b) the amount of taxes assessed on the parent entity by the government of its country. The Company has determined that the reinvestment of earnings of its foreign subsidiaries are indefinite because of the long-term nature of the Company's foreign investment plans. Therefore, deferred taxes are not provided for on translation adjustments related to non-remitted earnings of the Company's foreign subsidiaries.
[2] See Note 8 - Derivative Instruments and Hedging Activities.