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2304301 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
(http://www.cmc.com/role/AccumulatedOtherComprehensiveIncomeLossTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000022444 (http://www.sec.gov/CIK)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]Period [Axis]
2015-09-01 - 2016-08-31
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
 
Schedule of accumulated other comprehensive income (loss)
Accumulated other comprehensive loss ("AOCI"), net of income taxes, was comprised of the following:
(in thousands)
 
Foreign Currency Translation
 
Unrealized Gain (Loss) on Derivatives
 
Defined Benefit Obligation
 
Total Accumulated Other Comprehensive Income (Loss)
Balance at September 1, 2013
 
$
(27,477
)
 
$
3,594

 
$
(3,293
)
 
$
(27,176
)
Other comprehensive income (loss) before reclassifications
 
7,586

 
(1,848
)
 
(489
)
 
5,249

Amounts reclassified from AOCI
 
—

 
1,268

 
1,150

 
2,418

Net other comprehensive income (loss)
 
7,586

 
(580
)
 
661

 
7,667

Balance at August 31, 2014
 
(19,891
)
 
3,014

 
(2,632
)
 
(19,509
)
Other comprehensive loss before reclassifications
 
(83,063
)
 
(2,467
)
 
(169
)
 
(85,699
)
Amounts reclassified from AOCI
 
(10,127
)
 
1,758

 
42

 
(8,327
)
Net other comprehensive loss
 
(93,190
)
 
(709
)
 
(127
)
 
(94,026
)
Balance at August 31, 2015
 
(113,081
)
 
2,305

 
(2,759
)
 
(113,535
)
Other comprehensive income (loss) before reclassifications
 
(11,771
)
 
1,618

 
(132
)
 
(10,285
)
Amounts reclassified from AOCI
 
12,597

 
(1,737
)
 
46

 
10,906

Net other comprehensive income (loss)
 
826

 
(119
)
 
(86
)
 
621

Balance at August 31, 2016
 
$
(112,255
)
 
$
2,186

 
$
(2,845
)
 
$
(112,914
)

  
Schedule of reclassification out of accumulated other comprehensive income (loss)
The significant items reclassified out of accumulated other comprehensive loss and the corresponding line items in the consolidated statements of earnings to which the items were reclassified were as follows:
 
 
 
 
Year Ended August 31,
Components of AOCI (in thousands)
 
Location
 
2016
 
2015
 
2014
Foreign currency translation adjustments and other:
 

 


 


 


Translation gain (loss) realized upon sale of investment in foreign entity
 
Loss from discontinued operations before income taxes
 
$
(12,597
)
 
$
10,127

 
$
—

Unrealized gain (loss) on derivatives:
 

 


 


 


Commodity
 
Cost of goods sold
 
$
(493
)
 
$
(665
)
 
$
(160
)
Foreign exchange
 
Net sales
 
(380
)
 
124

 
(232
)
Foreign exchange
 
Cost of goods sold
 
2,283

 
(2,774
)
 
(1,698
)
Foreign exchange
 
SG&A expenses
 
291

 
76

 
53

Interest rate
 
Interest expense
 
532

 
532

 
532


 

 
2,233

 
(2,707
)
 
(1,505
)
Income tax effect
 
Income taxes
 
(496
)
 
949

 
237

Net of income taxes
 

 
$
1,737

 
$
(1,758
)
 
$
(1,268
)
Defined benefit obligation:
 

 


 


 


Amortization of net loss
 
SG&A expenses
 
$
(140
)
 
$
(134
)
 
$
(1,604
)
Amortization of prior service credit
 
SG&A expenses
 
72

 
71

 
289


 

 
(68
)
 
(63
)
 
(1,315
)
Income tax effect
 
Income taxes
 
22

 
21

 
165

Net of income taxes
 

 
$
(46
)
 
$
(42
)
 
$
(1,150
)
Amounts in parentheses reduce earnings.