Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Aug. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 as of August 31, 2018 and 2017 (in thousands):



	Fair Values of Derivative Instruments
	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	Fair Value as of August 31, 2018⁽¹⁾		Fair Value as of August 31, 2017⁽¹⁾		Balance Sheet Location	Fair Value as of August 31, 2018⁽¹⁾		Fair Value as of August 31, 2017⁽¹⁾
Derivatives designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	225	$	8,380	Accrued expenses	$	13,364	$	1,408
Derivatives not designated as hedging instruments:
Forward foreign exchange contracts	Prepaid expenses and other current assets	$	10,125	$	31,280	Accrued expenses	$	46,171	$	9,131

⁽¹⁾ Classified as Level 2 in the fair-value hierarchy.