XML 48 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Accumulated Other Comprehensive Income (Tables)
 9 Months Ended
May 31, 2020
Equity [Abstract]  
Summary of Changes in Accumulated Other Comprehensive Income
The following table sets forth the changes in accumulated other comprehensive (loss) income (“AOCI”), net of tax, by component for the nine months ended May 31, 2020 (in thousands):
 
 
Foreign
Currency
Translation
Adjustment
 
Derivative
Instruments
 
Actuarial
Loss
 
Prior
Service Cost
 
Available for
Sale Securities
 
Total
Balance as of August 31, 2019
$
(14,298
)
 
$
(39,398
)
 
$
(28,033
)
 
$
(608
)
 
$
(457
)
 
(82,794
)
Other comprehensive (loss) income before reclassifications
(43,010
)
 
(21,391
)
 
—

 
—

 
(21,563
)
 
(85,964
)
Amounts reclassified from AOCI
—

 
19,355

 
—

 
—

 
—

 
19,355

Other comprehensive (loss) income(1)
(43,010
)
 
(2,036
)
 
—

 
—

 
(21,563
)
 
(66,609
)
Balance as of May 31, 2020
$
(57,308
)
 
$
(41,434
)
 
$
(28,033
)
 
$
(608
)
 
$
(22,020
)
 
$
(149,403
)


(1) 
Amounts are net of tax, which are immaterial.
Summary of Reclassification from AOCI
The following table sets forth the amounts reclassified from AOCI into the Condensed Consolidated Statements of Operations, and the associated financial statement line item, net of tax, for the periods indicated (in thousands):
 
 
 
 
Three months ended
 
Nine months ended
Comprehensive Income Components
 
Financial Statement Line Item
 
May 31,
2020
 
May 31,
2019
 
May 31,
2020
 
May 31,
2019
Realized losses (gains) on derivative instruments:(1)
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
Cost of revenue
 
$
16,451

 
$
(1,298
)
 
$
20,648

 
$
17,248

Interest rate contracts
 
Interest expense
 
(431
)
 
(430
)
 
(1,293
)
 
(1,290
)
Total amounts reclassified from AOCI(2)
 
 
 
$
16,020

 
$
(1,728
)
 
$
19,355

 
$
15,958

 
(1) 
The Company expects to reclassify $4.4 million into earnings during the next twelve months, which will primarily be classified as a component of cost of revenue.
(2) 
Amounts are net of tax, which are immaterial for the three months and nine months ended May 31, 2020 and 2019.