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Accumulated Other Comprehensive Loss
6 Months Ended
Feb. 27, 2021
Stockholders Equity Note [Abstract]  
Accumulated Other Comprehensive Loss

15. Accumulated Other Comprehensive Loss

The changes in each component of accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 27, 2021 and February 29, 2020 were as follows (in thousands):

 

 

 

Thirteen weeks ended February 27, 2021

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of November 28, 2020

 

$

(20,699

)

 

$

(10,026

)

 

$

44

 

 

$

(30,681

)

Other comprehensive income (loss) before reclassification

 

 

2,244

 

 

 

 

 

 

(58

)

 

 

2,186

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

2

 

 

 

2

 

Net current period other comprehensive income (loss)

 

 

2,244

 

 

 

 

 

 

(56

)

 

 

2,188

 

Balance as of February 27, 2021

 

$

(18,455

)

 

$

(10,026

)

 

$

(12

)

 

$

(28,493

)

 

 

 

Twenty-six weeks ended February 27, 2021

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of August 29, 2020

 

$

(22,009

)

 

$

(10,026

)

 

$

65

 

 

$

(31,970

)

Other comprehensive income (loss) before reclassification

 

 

3,554

 

 

 

 

 

 

(68

)

 

 

3,486

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

(9

)

 

 

(9

)

Net current period other comprehensive income (loss)

 

 

3,554

 

 

 

 

 

 

(77

)

 

 

3,477

 

Balance as of February 27, 2021

 

$

(18,455

)

 

$

(10,026

)

 

$

(12

)

 

$

(28,493

)

 

 

 

Thirteen weeks ended February 29, 2020

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of November 30, 2019

 

$

(23,651

)

 

$

(9,239

)

 

$

186

 

 

$

(32,704

)

Other comprehensive income (loss) before reclassification

 

 

(769

)

 

 

 

 

 

52

 

 

 

(717

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

350

 

 

 

(30

)

 

 

320

 

Net current period other comprehensive income (loss)

 

 

(769

)

 

 

350

 

 

 

22

 

 

 

(397

)

Balance as of February 29, 2020

 

$

(24,420

)

 

$

(8,889

)

 

$

208

 

 

$

(33,101

)

 

 

 

 

Twenty-six weeks ended February 29, 2020

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of August 31, 2019

 

$

(24,640

)

 

$

(9,239

)

 

$

191

 

 

$

(33,688

)

Other comprehensive income before reclassification

 

 

220

 

 

 

 

 

 

77

 

 

 

297

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

350

 

 

 

(60

)

 

 

290

 

Net current period other comprehensive income

 

 

220

 

 

 

350

 

 

 

17

 

 

 

587

 

Balance as of February 29, 2020

 

$

(24,420

)

 

$

(8,889

)

 

$

208

 

 

$

(33,101

)

 

(1)

Amounts are shown net of tax

Amounts reclassified from accumulated other comprehensive loss, net of tax, for the thirteen and twenty-six weeks ended February 27, 2021 and February 29, 2020 were as follows (in thousands):

 

 

 

Thirteen weeks ended

 

 

Twenty-six weeks ended

 

 

 

February 27, 2021

 

 

February 29, 2020

 

 

February 27, 2021

 

 

February 29, 2020

 

Pension benefit liabilities (net):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification to income statement (a)

 

$

 

 

$

350

 

 

$

 

 

$

350

 

Total, net of tax

 

 

 

 

 

350

 

 

 

 

 

 

350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward contracts (b)

 

 

2

 

 

 

(30

)

 

 

(9

)

 

 

(60

)

Total, net of tax

 

 

2

 

 

 

(30

)

 

 

(9

)

 

 

(60

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amounts reclassified, net of tax

 

$

2

 

 

$

320

 

 

$

(9

)

 

$

290

 

 

 

(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.