Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Feb. 29, 2016

Derivative Financial Instruments and Hedging Activities [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 February 29,2016, 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	$	―		13,521		―	$	13,521
Liabilities:
Forward foreign exchange contracts		―		(21,327)		―		(21,327)
Total	$	―		(7,806)		―	$	(7,806)

Fair Value of Derivative Instruments Located on Condensed 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 Condensed Consolidated Balance Sheets utilized for foreign currency risk management purposes at February 29,2016 and August 31,2015 (in thousands):

		Fair Values of Derivative Instruments
		Asset Derivatives					Liability Derivatives
		Balance Sheet	Fair Value at		Fair Value at		Balance Sheet	Fair Value at		Fair Value at
		Location	February 29, 2016		August 31, 2015		Location	February 29, 2016		August 31, 2015
Derivatives designated as
	hedging instruments:
		Prepaid expenses
Forward foreign exchange		and other current					Accrued
	contracts	assets	$	1,933	$	267	expenses	$	7,473	$	16,509
Derivatives not designated
	as hedging instruments:
		Prepaid expenses
Forward foreign exchange		and other current					Accrued
	contracts	assets	$	11,588	$	5,525	expenses	$	13,854	$	29,529