Other Comprehensive Income/Loss
 9 Months Ended
May 31, 2011
Other Comprehensive Income/Loss  
Other Comprehensive Income/Loss

Note 13. Other Comprehensive Income/Loss

The Company's comprehensive income/loss is significantly impacted by the movement of the US dollar versus other global currencies, most notably the Euro and British Pound. The following table sets forth the reconciliation of net earnings to comprehensive income /loss (in thousands):

 

     Three Months Ended May 31,     Nine Months Ended May 31,  
     2011     2010     2011     2010  

Net earnings

    $ 36,358      $ 21,835      $ 70,177      $ 40,846   

Foreign currency translation adjustment

      20,114        (31,430 )      47,924        (54,179 ) 

Unrealized loss on cash flow hedges, net of income taxes

      (797 )      —          (797 )      —     

Changes in net unrealized gains/losses, net of income taxes

      10        9        2,849        (177 ) 
                                

Comprehensive income (loss)

    $ 55,685      $ (9,586 )    $ 120,153      $ (13,510 )