v3.26.1
FAIR VALUE (Tables)
 6 Months Ended
Feb. 28, 2026
Fair Value Disclosures [Abstract]  
Financial assets and financial liabilities measured at fair value on a recurring basis The following table summarizes information regarding the Company's financial assets and financial liabilities that were measured at fair value on a recurring basis:
  Fair Value Measurements at Reporting Date Using
(in thousands)TotalLevel 1Level 2Level 3
As of February 28, 2026:
Assets:
Investment deposit accounts(1)
$355,109 $355,109 $— $— 
Commodity derivative assets57,182 1,001 — 56,181 
Foreign exchange derivative assets3,936 — 3,936 — 
Liabilities:
Commodity derivative liabilities6,180 6,180 — — 
Foreign exchange derivative liabilities873 — 873 — 
As of August 31, 2025:
Assets:
Investment deposit accounts(1)
$902,106 $902,106 $— $— 
Commodity derivative assets58,901 5,458 — 53,443 
Foreign exchange derivative assets4,809 — 4,809 — 
Liabilities:
Commodity derivative liabilities282 282 — — 
Foreign exchange derivative liabilities821 — 821 — 
__________________________________
(1) Investment deposit accounts are short-term in nature, and their value is based on principal plus interest.
The following table summarizes the range of floating rates used to measure the fair value of the Level 3 commodity derivatives as of February 28, 2026 and August 31, 2025, which are applied uniformly across each of the Company's Level 3 commodity derivatives:
Floating rate (PLN)
LowHighAverage
February 28, 2026346 628 450 
August 31, 2025346 563 436 
Fair value, net derivative asset (liability) measured on recurring basis, unobservable input reconciliation
Below is a reconciliation of the beginning and ending balances of the Level 3 commodity derivatives recognized in the condensed consolidated statements of comprehensive income (loss). Amounts presented are before income taxes. The fluctuation in energy rates over time may cause volatility in the fair value estimate and was the primary reason for unrealized gains and losses in OCI for the three and six months ended February 28, 2026 and 2025.                                     
(in thousands)Three Months Ended February 28, 2026
Balance, December 1, 2025$52,375 
Unrealized holding gain before reclassification(1)
8,537 
Reclassification for gain included in net earnings(2)
(4,731)
Balance, February 28, 2026$56,181 
(in thousands)Six Months Ended February 28, 2026
Balance, September 1, 2025$53,443 
Unrealized holding gain before reclassification(1)
10,988 
Reclassification for gain included in net earnings(2)
(8,250)
Balance, February 28, 2026$56,181 
(in thousands)Three Months Ended February 28, 2025
Balance, December 1, 2024$33,303 
Unrealized holding gain before reclassification(1)
25,482 
Reclassification for gain included in net earnings(2)
(3,427)
Balance, February 28, 2025$55,358 
(in thousands)Six Months Ended February 28, 2025
Balance, September 1, 2024$38,029 
Unrealized holding gain before reclassification(1)
23,791 
Reclassification for gain included in net loss(2)
(6,462)
Balance, February 28, 2025$55,358 
__________________________________
(1) Unrealized holding gain, net of foreign currency translation, less amounts reclassified, are included in net unrealized holding gain (loss) on derivatives in the condensed consolidated statements of comprehensive income (loss).
(2) Realized gains included in net earnings (loss) are recorded in cost of goods sold in the condensed consolidated statements of earnings (loss).