Note 14 - Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Feb. 25, 2017

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

1

4

. Accumulated Other Comprehensive

(Loss)

Income

The changes in each component of accumulated other comprehensive (loss) income, net of tax,

for the

thirteen

and

twenty

-

six

weeks ended

February

25,

2017

and

February

27,

2016

were as follows

(in thousands):

	Thirteen Weeks Ended February 25, 2017
	Foreign Currency Translation			Pension- related (1)			Derivative Financial Instruments (1)			Total Accumulated Other Comprehensive (Loss) Income
Balance as of November 26, 2016	$	(25,943	)	$	(8,251	)	$	364		$	(33,830	)
Other comprehensive income (loss) before reclassification		3,332			—			(202	)		3,130
Amounts reclassified from accumulated other comprehensive (loss) income		—			—			(27	)		(27	)
Net current period other comprehensive income (loss)		3,332			—			(229	)		3,103
Balance as of February 25, 2017	$	(22,611	)	$	(8,251	)	$	135		$	(30,727	)

	Twenty-six Weeks Ended February 25, 2017
	Foreign Currency Translation			Pension- related (1)			Derivative Financial Instruments (1)			Total Accumulated Other Comprehensive (Loss) Income
Balance as of August 27, 2016	$	(20,814	)	$	(8,251	)	$	116		$	(28,949	)
Other comprehensive (loss) income before reclassification		(1,797	)		—			122			(1,675	)
Amounts reclassified from accumulated other comprehensive (loss) income		—			—			(103	)		(103	)
Net current period other comprehensive (loss) income		(1,797	)		—			19			(1,778	)
Balance as of February 25, 2017	$	(22,611	)	$	(8,251	)	$	135		$	(30,727	)

	Thirteen Weeks Ended February 27, 2016
	Foreign Currency Translation			Pension- related (1)			Derivative Financial Instruments (1)			Total Accumulated Other Comprehensive (Loss) Income
Balance as of November 28, 2015	$	(21,995	)	$	(4,937	)	$	434		$	(26,498	)
Other comprehensive (loss) income before reclassification		(2,011	)		—			175			(1,836	)
Amounts reclassified from accumulated other comprehensive loss		—			—			(93	)		(93	)
Net current period other comprehensive (loss) income		(2,011	)		—			82			(1,929	)
Balance as of February 27, 2016	$	(24,006	)	$	(4,937	)	$	516		$	(28,427	)

	Twenty-six Weeks Ended February 27, 2016
	Foreign Currency Translation			Pension- related (1)			Derivative Financial Instruments (1)			Total Accumulated Other Comprehensive (Loss) Income
Balance as of August 29, 2015	$	(20,423	)	$	(4,719	)	$	729		$	(24,413	)
Other comprehensive (loss) income before reclassification		(3,583	)		(261	)		(48	)		(3,892	)
Amounts reclassified from accumulated other comprehensive loss		—			43			(165	)		(122	)
Net current period other comprehensive (loss) income		(3,583	)		(218	)		(213	)		(4,014	)
Balance as of February 27, 2016	$	(24,006	)	$	(4,937	)	$	516		$	(28,427	)

(1) Amounts are shown net of tax

Amounts reclassified from accumulated other comprehensive (loss) income, net of tax, for the

thirteen

and

twenty

-

six

weeks ended

February

25,

2017

and

February

27,

2016

were as follows (in thousands):

	Thirteen weeks ended						Twenty-six weeks ended
	February 25,			February 27,			February 25,			February 27,
	2017			2016			2017			2016
Pension benefit liabilities, net:
Actuarial losses	$	—		$	—		$	—		$	43	(a)
Total, net of tax					—						43
Derivative financial instruments, net:
Forward contracts (b)		(27	)		(93	)		(103	)		(165	)
Total, net of tax		(27	)		(93	)		(103	)		(165	)
Total amounts reclassified, net of tax	$	(27	)	$	(93	)	$	(103	)	$	(122	)

(a) Amounts included in selling and administrative expenses in the accompanying Consolidated Statements of Income.

(b) Amounts included in revenues in the accompanying Consolidated Statements of Income.