v3.26.1
FAIR VALUE (Tables)
 9 Months Ended
May 31, 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 May 31, 2026:
Assets:
Investment deposit accounts(1)
$419,150 $419,150 $— $— 
Commodity derivative assets50,096 — — 50,096 
Foreign exchange derivative assets1,027 — 1,027 — 
Liabilities:
Commodity derivative liabilities4,687 4,687 — — 
Foreign exchange derivative liabilities802 — 802 — 
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 — 
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(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 May 31, 2026 and August 31, 2025, which are applied uniformly across each of the Company's Level 3 commodity derivatives:
Floating rate (PLN)
LowHighAverage
May 31, 2026346 628 452 
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 nine months ended May 31, 2026 and 2025.     
                            
(in thousands)Three Months Ended May 31, 2026
Balance, March 1, 2026$56,181 
Unrealized holding loss before reclassification(1)
(4,612)
Reclassification for gain included in net earnings(2)
(1,473)
Balance, May 31, 2026$50,096 
(in thousands)Nine Months Ended May 31, 2026
Balance, September 1, 2025$53,443 
Unrealized holding gain before reclassification(1)
6,376 
Reclassification for gain included in net earnings(2)
(9,723)
Balance, May 31, 2026$50,096 
(in thousands)Three Months Ended May 31, 2025
Balance, March 1, 2025$55,358 
Unrealized holding gain before reclassification(1)
13,252 
Reclassification for gain included in net earnings(2)
(1,622)
Balance, May 31, 2025$66,988 
(in thousands)Nine Months Ended May 31, 2025
Balance, September 1, 2024$38,029 
Unrealized holding gain before reclassification(1)
37,043 
Reclassification for gain included in net loss(2)
(8,084)
Balance, May 31, 2025$66,988 
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(1) Unrealized holding gain (loss), 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).