Fair Value Measurements

9 Months Ended

May 31, 2018

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 9 – Fair Value Measurements

The following table presents the Company’s financial assets and liabilities measured at fair value, based upon the level within the fair value hierarchy in which the fair value measurements fall, as of May 31, 2018, May 31, 2017, and August 31, 2017, respectively. There were no transfers between any levels for the periods presented.

	May 31, 2018
($ in thousands)	Level 1		Level 2			Level 3		Total
Cash and cash equivalents	$	111,779	$	—		$	—	$	111,779
Derivative assets		—		2,241			—		2,241
Derivative liabilities		—		(60	)		—		(60	)
	May 31, 2017
($ in thousands)	Level 1		Level 2			Level 3		Total
Cash and cash equivalents	$	113,212	$	—		$	—	$	113,212
Derivative assets		—		71			—	$	71
Derivative liabilities		—		(2,112	)		—	$	(2,112	)
	August 31, 2017
($ in thousands)	Level 1		Level 2			Level 3		Total
Cash and cash equivalents	$	121,620	$	—		$	—	$	121,620
Derivative assets		—		9			—		9
Derivative liabilities		—		(1,747	)		—		(1,747	)

There were no required fair value adjustments for assets and liabilities measured at fair value on a non-recurring basis for the three and nine months ended May 31, 2018 or May 31, 2017.