| Accumulated Other Comprehensive Income (Loss) ("AOCI") |
6—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(“AOCI”)
The following tables provide a summary of the changes in
Accumulated other comprehensive income (loss) for the nine months
ended May 31, 2014 and 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Net Unrealized
Gains (Losses)
on Cash Flow
Hedging
Instruments,
Net of Tax |
|
|
Gains (Losses)
on
Postretirement
Obligations,
Net of Tax |
|
|
Accumulated
Other
Comprehensive
Loss |
|
|
Balances at August 31, 2013
|
|
$ |
(856 |
) |
|
$ |
(6,763 |
) |
|
$ |
(7,619 |
) |
|
Other comprehensive income (loss) before reclassification
adjustments, net of tax
|
|
|
(5,912 |
) |
|
|
2,705 |
|
|
|
(3,207 |
) |
|
Amounts reclassified from Accumulated other comprehensive income
(loss), net of tax
|
|
|
5,842 |
|
|
|
226 |
|
|
|
6,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at May 31, 2014
|
|
$ |
(926 |
) |
|
$ |
(3,832 |
) |
|
$ |
(4,758 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (In thousands) |
|
Net Unrealized
Gains (Losses)
on Cash Flow
Hedging
Instruments,
Net of Tax |
|
|
Gains (Losses)
on
Postretirement
Obligations,
Net of Tax |
|
|
Accumulated
Other
Comprehensive
Loss |
|
|
Balances at August 31, 2012
|
|
$ |
1,638 |
|
|
$ |
(17,231 |
) |
|
$ |
(15,593 |
) |
|
Other comprehensive income (loss) before reclassification
adjustments, net of tax
|
|
|
239 |
|
|
|
— |
|
|
|
239 |
|
|
Amounts reclassified from Accumulated other comprehensive income
(loss), net of tax
|
|
|
(2,490 |
) |
|
|
1,064 |
|
|
|
(1,426 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at May 31, 2013
|
|
$ |
(613 |
) |
|
$ |
(16,167 |
) |
|
$ |
(16,780 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts reclassified from Accumulated other comprehensive income
(loss) were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Three Months Ended May 31, 2014 |
|
| (In thousands) |
|
Location of Expense
(Income) Recognized in
Net Earnings
|
|
Before Tax
Amount |
|
|
Tax |
|
|
Net of Tax
Amount |
|
|
Pension and other postretirement benefit plans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of actuarial loss (gain)
|
|
Cost of sales |
|
$ |
45 |
|
|
$ |
(17 |
) |
|
$ |
28 |
|
|
Amortization of prior service cost
|
|
Cost of
sales |
|
|
20 |
|
|
|
(8 |
) |
|
|
12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassification adjustments
|
|
|
|
|
65 |
|
|
|
(25 |
) |
|
|
40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives accounted for as hedges
|
|
Cost of
sales |
|
|
4,016 |
|
|
|
(1,542 |
) |
|
|
2,474 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications into income
|
|
|
|
$ |
4,081 |
|
|
$ |
(1,567 |
) |
|
$ |
2,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Nine Months Ended May 31, 2014 |
|
| (In thousands) |
|
Location of Expense
(Income) Recognized in
Net Earnings
|
|
Before Tax
Amount |
|
|
Tax |
|
|
Net of Tax
Amount |
|
|
Pension and other postretirement benefit plans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of actuarial loss (gain)
|
|
Cost of sales |
|
$ |
223 |
|
|
$ |
(87 |
) |
|
$ |
136 |
|
|
Amortization of actuarial loss (gain)
|
|
Operating/R&D expenses |
|
|
84 |
|
|
|
(30 |
) |
|
|
54 |
|
|
Amortization of prior service cost
|
|
Cost of sales |
|
|
24 |
|
|
|
(11 |
) |
|
|
13 |
|
|
Amortization of prior service cost
|
|
Operating/R&D expenses |
|
|
36 |
|
|
|
(13 |
) |
|
|
23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassification adjustments
|
|
|
|
|
367 |
|
|
|
(141 |
) |
|
|
226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives accounted for as hedges
|
|
Cost of sales |
|
|
9,484 |
|
|
|
(3,642 |
) |
|
|
5,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total reclassifications into income
|
|
|
|
$ |
9,851 |
|
|
$ |
(3,783 |
) |
|
$ |
6,068 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|