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Financial Derivatives (Tables)
12 Months Ended
Aug. 31, 2020
Derivative Instruments And Hedges [Abstract]  
Schedule of Financial Derivatives

Fair values of derivative instruments are as follows:

 

 

 

 

August 31,

 

($ in thousands)

 

Balance sheet location

 

2020

 

 

2019

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency forward contracts

 

Other current assets

 

$

 

 

$

1,073

 

Total derivatives designated as hedging

   instruments

 

 

 

$

 

 

$

1,073

 

Derivatives not designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

Foreign currency options contracts

 

Other current assets

 

$

21

 

 

$

39

 

Total derivatives not designated as hedging

   instruments

 

 

 

$

21

 

 

$

39

 

 

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)

 

2020

 

 

2019

 

 

2018

 

Foreign currency forward contracts, net of tax

   expense of $97, $564, and $498

 

$

330

 

 

$

(1,964

)

 

$

(1,103

)