Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Aug. 31, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Assets and Liabilities Related to Foreign Forward Exchange Contracts Measured on Recurring Basis

The following table presents the Company’s assets and liabilities related to forward foreign exchange contracts measured at fair value on a recurring basis as of August 31, 2014, aggregated by the level in the fair-value hierarchy in which those measurements are classified (in thousands):

	Level 1		Level 2			Level 3		Total
Assets:
Forward foreign exchange contracts	$	—	$	14,084		$	—	$	14,084
Liabilities:
Forward foreign exchange contracts		—		(3,646	)		—		(3,646	)
Total	$	—	$	10,438		$	—	$	10,438

Fair Value of Derivative Instruments Located on Consolidated Balance Sheets Utilized for Foreign Currency Risk Management Purposes

The following table presents the fair values of the Company’s derivative instruments located on the Consolidated Balance Sheets utilized for foreign currency risk management purposes at August 31, 2014 and 2013 (in thousands):

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	Fair Value at August 31, 2014		Fair Value at August 31, 2013		Balance Sheet Location	Fair Value at August 31, 2014		Fair Value at August 31, 2013
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	6,089	$	4,357	Other accrued expenses and deferred income	$	1,460	$	3,740
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	7,995	$	7,104	Other accrued expenses and deferred income	$	2,186	$	4,645