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Accumulated Other Comprehensive Income
6 Months Ended
Feb. 29, 2020
Accumulated Other Comprehensive Income  
Accumulated Other Comprehensive Income

Note 13 — Accumulated 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 Plans

    

Adjustment

    

Total

 

Balance at August 31, 2018

 

$

126

 

$

(5,796)

 

$

(6,666)

 

$

(12,336)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive gains (losses) before reclassifications (1)

 

 

(11)

 

 

 —

 

 

538

 

 

527

 

Reclassifications to net income of previously deferred (gains) losses (2)

 

 

 3

 

 

527

 

 

 —

 

 

530

 

Other comprehensive income (loss)

 

 

(8)

 

 

527

 

 

538

 

 

1,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at February 28, 2019

 

$

118

 

$

(5,269)

 

$

(6,128)

 

$

(11,279)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at August 31, 2019

 

$

154

 

$

(6,271)

 

$

(8,207)

 

$

(14,324)

 

Other comprehensive gains (losses) before reclassifications (3)

 

 

19

 

 

 —

 

 

1,395

 

 

1,414

 

Reclassifications to net income of previously deferred (gains) losses (4)

 

 

(21)

 

 

259

 

 

 —

 

 

238

 

Other comprehensive income (loss)

 

 

(2)

 

 

259

 

 

1,395

 

 

1,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adoption of ASU 2018-02 (5)

 

 

 —

 

 

(1,388)

 

 

 —

 

 

(1,388)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at February 29, 2020

 

$

152

 

$

(7,400)

 

$

(6,812)

 

$

(14,060)

 


(1)

Net of tax expense of $5,  $0 and $0, respectively.

(2)

Net of tax benefit of $1,  $184 and $0, respectively.

(3)

Net of tax benefit of $7,  $0 and $0, respectively.

(4)

Net of tax expense of $8, tax benefit of $91 and $0, respectively.

(5)

See Note 2 for further information related to the adoption of ASU 2018-02.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive

 

 

 

 

 

 

 

 

Income (Loss) into Income

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

Location of Gain (Loss) Reclassified from Accumulated

 

 

    

    

  

 

February 29, 2020

  

February 28, 2019

  

  

February 29, 2020

  

February 28, 2019

  

Other Comprehensive Income (Loss) into Income

 

Gains on Restricted Investments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Realized loss (gain) on sale of restricted investments

 

 

 

 

$

(23)

 

$

(13)

 

 

$

(28)

 

$

 4

 

Selling, general and administrative expenses

 

Tax expense (benefit)

 

 

 

 

 

 6

 

 

 3

 

 

 

 7

 

 

(1)

 

 

 

Gain net of tax

 

 

 

 

$

(17)

 

$

(10)

 

 

$

(21)

 

$

 3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on Funded Pension Plan adjustments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of prior pension service costs and unrecognized losses

 

 

 

 

$

175

 

$

119

 

 

$

350

 

$

238

 

Other income (expense)

 

Settlement and curtailment loss

 

 

 

 

 

 —

 

 

273

 

 

 

 —

 

 

473

 

Other income (expense)

 

Tax expense (benefit)

 

 

 

 

 

(47)

 

 

(101)

 

 

 

(91)

 

 

(184)

 

 

 

Loss net of tax

 

 

 

 

$

128

 

$

291

 

 

$

259

 

$

527

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net loss reclassified for the period

 

 

 

 

$

111

 

$

281

 

 

$

238

 

$

530