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Comprehensive Income
12 Months Ended
Aug. 31, 2012
Comprehensive Income [Abstract]  
Comprehensive Income

C. COMPREHENSIVE INCOME  

 

Comprehensive income (loss) was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended August 31,

$ in thousands

 

 

2012

 

 

2011

 

 

2010

Net Income

 

$

43,277 

 

$

36,802 

 

$

24,862 

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

    Defined benefit pension plan

 

 

(408)

 

 

69 

 

 

(50)

    Cash flow hedges

 

 

200 

 

 

319 

 

 

1,201 

    Foreign currency translation, net of hedging activities

 

 

(7,131)

 

 

4,719 

 

 

(2,791)

    Total other comprehensive income (loss), net of tax

 

 

 

 

 

 

 

 

 

       expense of $394, $440 and $1,104

 

 

(7,339)

 

 

5,107 

 

 

(1,640)

Total other comprehensive income

 

$

35,938 

 

$

41,909 

 

$

23,222 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income is included in the accompanying Consolidated Balance Sheets in the shareholders’ equity section, and consists of the following components:

 

 

 

 

 

 

 

 

 

August 31,

$ in thousands

 

2012

 

2011

Accumulated other comprehensive income (loss):

 

 

 

 

 

 

    Defined benefit pension plan, net of tax of $1,554 and $1,306

 

$

(2,547)

 

$

(2,139)

    Cash flow hedges, net of tax of $33 and $155

 

 

(53)

 

 

(253)

    Foreign currency translation, net of hedging activities, net of tax of $2,093 and $1,573

 

 

1,723 

 

 

8,854 

Total accumulated other comprehensive income

 

$

(877)

 

$

6,462