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Accumulated Other Comprehensive Income
12 Months Ended
Aug. 31, 2017
Accumulated Other Comprehensive Income  
Accumulated Other Comprehensive Income

 

Note 26Accumulated Other Comprehensive Income

 

The changes in accumulated other comprehensive income (loss), net of tax, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in Funded

 

Foreign Currency

 

 

 

 

 

 

Restricted

 

Status of

 

Translation

 

 

 

 

 

    

Investments

    

Pension Plan

    

Adjustment

    

Total

 

Balance at August 31, 2015

 

$

47

 

$

(5,934)

 

$

(2,099)

 

$

(7,986)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive gains (losses) before reclassifications

 

 

51

 

 

(2,116)

 

 

(6,098)

 

 

(8,163)

 

Reclassifications to net income of previously deferred (gains) losses

 

 

(44)

 

 

714

 

 

 —

 

 

670

 

Other comprehensive income (loss)

 

 

 7

 

 

(1,402)

 

 

(6,098)

 

 

(7,493)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at August 31, 2016

 

$

54

 

$

(7,336)

 

$

(8,197)

 

$

(15,479)

 

Other comprehensive gains (losses) before reclassifications

 

 

155

 

 

221

 

 

788

 

 

1,164

 

Reclassifications to net income of previously deferred (gains) losses

 

 

(88)

 

 

934

 

 

 —

 

 

846

 

Other comprehensive income (loss)

 

 

67

 

 

1,155

 

 

788

 

 

2,010

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at August 31, 2017

 

$

121

 

$

(6,181)

 

$

(7,409)

 

$

(13,469)

 

 

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of Gain (Loss) Reclassified from

 

 

 

 

 

 

 

Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

(Loss) into Income

 

 

 

 

 

 

 

Year Ended

 

Year Ended

 

 

 

Location of Gain (Loss) Reclassified from Accumulated

 

 

    

August 31, 2017

  

August 31, 2016

    

  

  

Other Comprehensive Income (Loss) into Income

 

Gains on Restricted Investments:

 

 

 

 

 

 

 

 

 

 

 

Realized gain on sale of restricted investments

 

$

(127)

 

$

(67)

 

 

 

Selling, general and administrative expenses

 

Tax expense (benefit)

 

 

39

 

 

23

 

 

 

 

 

Gain net of tax

 

$

(88)

 

$

(44)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on Funded Pension Plan adjustments:

 

 

 

 

 

 

 

 

 

 

 

Change in funded status of pension plans

 

$

98

 

$

106

 

 

 

Cost of products and services sold

 

Change in funded status of pension plans

 

$

1,255

 

$

991

 

 

 

Selling, general and administrative expenses

 

Tax expense (benefit)

 

 

(419)

 

 

(383)

 

 

 

 

 

Loss net of tax

 

$

934

 

$

714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net loss reclassified for the period

 

$

846

 

$

670