Accumulated Other Comprehensive Income

12 Months Ended

Aug. 31, 2020

Note 25—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		36		(1,215)		(1,541)		(2,720)
Reclassifications to net income of previously deferred (gains) losses		(8)		740		—		732
Other comprehensive income (loss)		28		(475)		(1,541)		(1,988)

Balance at August 31, 2019	$	154	$	(6,271)	$	(8,207)	$	(14,324)
Other comprehensive gains (losses) before reclassifications		143		(1,278)		3,163		2,028
Reclassifications to net income of previously deferred (gains) losses		(28)		620		—		592
Other comprehensive income (loss)		115		(658)		3,163		2,620

Adoption of ASU 2018-02		—		(1,388)		—		(1,388)

Balance at August 31, 2020	$	269	$	(8,317)	$	(5,044)	$	(13,092)

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, 2020		August 31, 2019		Other Comprehensive Income (Loss) into Income
Gains on Restricted Investments:
Realized loss (gain) on sale of restricted investments	$	(37)	$	(11)	Selling, general and administrative expenses
Tax expense (benefit)		9		3
Gain net of tax	$	(28)	$	(8)

Loss on Funded Pension Plan adjustments:
Amortization of prior pension service costs and unrecognized losses	$	667	$	475	Other income (expense)
Settlement and curtailment loss		155		511	Other income (expense)
Tax expense (benefit)		(202)		(246)
Loss net of tax	$	620	$	740

Total net loss reclassified for the period	$	592	$	732