Derivative Financial Instruments and Hedging Activities (Tables)

9 Months Ended

May 31, 2018

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 May 31, 2018, 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	$	—	13,662		—	$	13,662
Liabilities:
Forward foreign exchange contracts	—		(31,847	)	—	(31,847		)
Total	$	—	(18,185	)	—	$	(18,185	)

Fair value of derivative instruments located on consolidated balance sheets

The following table presents the fair values of the Company’s derivative instruments recorded in the Condensed Consolidated Balance Sheets as of May 31, 2018 and August 31, 2017 (in thousands):

	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	Fair Value as of May 31, 2018		Fair Value as of August 31, 2017		Balance Sheet Location	Fair Value as of May 31, 2018		Fair Value as of August 31, 2017
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	7,022	$	8,380	Accrued expenses	$	9,607	$	1,408
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	6,640	$	31,280	Accrued expenses	$	22,240	$	9,131