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Financial Derivatives (Tables)
12 Months Ended
Aug. 31, 2019
Derivative Instruments And Hedges [Abstract]  
Schedule of Financial Derivatives

 

 

 

 

August 31,

 

($ in thousands)

 

Balance sheet location

 

2019

 

 

2018

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Other current assets

 

$

1,073

 

 

$

775

 

Total derivatives designated as hedging

   instruments

 

 

 

$

1,073

 

 

$

775

 

Derivatives not designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Other current assets

 

$

39

 

 

$

123

 

Foreign currency forward contracts

 

Other current liabilities

 

 

 

 

(12

)

Total derivatives not designated as hedging

   instruments

 

 

 

$

39

 

 

$

111

 

 

Schedule of Derivative Instruments, Effect on Other Comprehensive Income

The amount of loss recognized in OCI on derivatives is as follows:

 

 

For the years ended August 31,

 

($ in thousands)

 

2019

 

 

2018

 

 

2017

 

Foreign currency forward contracts, net of tax

   expense (benefit) of $564, $498, and ($927)

 

$

(1,964

)

 

$

(1,103

)

 

$

1,710