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Accumulated Other Comprehensive Loss
9 Months Ended
May 29, 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 thirty-nine weeks ended May 29, 2021 and May 30, 2020 were as follows (in thousands):

 

 

 

Thirteen weeks ended May 29, 2021

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of February 27, 2021

 

$

(18,455

)

 

$

(10,026

)

 

$

(12

)

 

$

(28,493

)

Other comprehensive income (loss) before reclassification

 

 

6,099

 

 

 

 

 

 

(91

)

 

 

6,008

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

39

 

 

 

39

 

Net current period other comprehensive (loss) income

 

 

6,099

 

 

 

 

 

 

(52

)

 

 

6,047

 

Balance as of May 29, 2021

 

$

(12,356

)

 

$

(10,026

)

 

$

(64

)

 

$

(22,446

)

 

 

 

 

Thirty-nine weeks ended May 29, 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

 

 

9,653

 

 

 

 

 

 

(158

)

 

 

9,495

 

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

29

 

 

 

29

 

Net current period other comprehensive (loss) income

 

 

9,653

 

 

 

 

 

 

(129

)

 

 

9,524

 

Balance as of May 29, 2021

 

$

(12,356

)

 

$

(10,026

)

 

$

(64

)

 

$

(22,446

)

 

 

 

Thirteen weeks ended May 30, 2020

 

 

 

Foreign

Currency

Translation

 

 

Pension-

related (1)

 

 

Derivative

Financial

Instruments (1)

 

 

Total

Accumulated

Other

Comprehensive

Loss

 

Balance as of February 29, 2020

 

$

(24,420

)

 

$

(8,889

)

 

$

208

 

 

$

(33,101

)

Other comprehensive (loss) income before reclassification

 

 

(3,835

)

 

 

 

 

 

79

 

 

 

(3,756

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

 

 

 

(47

)

 

 

(47

)

Net current period other comprehensive (loss) income

 

 

(3,835

)

 

 

 

 

 

32

 

 

 

(3,803

)

Balance as of May 30, 2020

 

$

(28,255

)

 

$

(8,889

)

 

$

240

 

 

$

(36,904

)

 

 

 

Thirty-nine weeks ended May 30, 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 (loss) before reclassification

 

 

(3,615

)

 

 

 

 

 

156

 

 

 

(3,459

)

Amounts reclassified from accumulated other

   comprehensive loss

 

 

 

 

 

350

 

 

 

(107

)

 

 

243

 

Net current period other comprehensive (loss) income

 

 

(3,615

)

 

 

350

 

 

 

49

 

 

 

(3,216

)

Balance as of May 30, 2020

 

$

(28,255

)

 

$

(8,889

)

 

$

240

 

 

$

(36,904

)

 

(1)

Amounts are shown net of tax

Amounts reclassified from accumulated other comprehensive loss, net of tax, for the thirteen and thirty-nine weeks ended May 29, 2021 and May 30, 2020 were as follows (in thousands):

 

 

 

Thirteen weeks ended

 

 

Thirty-nine weeks ended

 

 

 

May 29, 2021

 

 

May 30, 2020

 

 

May 29, 2021

 

 

May 30, 2020

 

Pension benefit liabilities (net):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification to income statement (a)

 

$

 

 

$

 

 

$

 

 

$

350

 

Total, net of tax

 

 

 

 

 

 

 

 

 

 

 

350

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments, net:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forward contracts (b)

 

 

39

 

 

 

(47

)

 

 

29

 

 

 

(107

)

Total, net of tax

 

 

39

 

 

 

(47

)

 

 

29

 

 

 

(107

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amounts reclassified, net of tax

 

$

39

 

 

$

(47

)

 

$

29

 

 

$

243

 

 

 

 

(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.