DEBT (Tables)

12 Months Ended

Aug. 31, 2023

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our total debt obligations as of August 31, 2023 and August 31, 2022 consisted of the following:

(in thousands)	Issuance Date	Contractual Maturity Date	August 31, 2023		August 31, 2022
2022 Credit Agreement
2022 Term Facility	3/1/2022	3/1/2025	$	375,000	$	750,000
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		250,000
Senior Notes
2027 Notes	3/1/2022	3/1/2027	500,000		500,000
2032 Notes	3/1/2022	3/1/2032	500,000		500,000
Total unamortized discounts and debt issuance costs			(12,300)		(17,576)
Total Long-term debt			$	1,612,700	$	1,982,424

Schedule of Annual Maturities of Debt Obligations

As of August 31, 2023, annual maturities on our total debt obligations, based on contract maturity, were as follows:

(in thousands)	Maturities
Years Ended August 31,
2024	$	—
2025	375,000
2026	—
2027	750,000
2028	—
Thereafter	500,000
Total	$	1,625,000

Schedule of Interest Expense

The following table presents the interest expense on our outstanding debt which is included in Interest expense in our Consolidated Statements of Income:

	Years Ended August 31,
(in thousands)	2023		2022		2021
Interest expense on outstanding debt(1)	$	66,283	$	35,152	$	8,066

(1) Interest expense on our outstanding debt includes the related amortization of debt issuance costs and debt discounts, net of the effects of the related interest rate swap agreements.