Debt (Tables)

6 Months Ended

Feb. 29, 2024

Debt Disclosure [Abstract]

Schedule of debt obligations

Our total debt obligations as of February 29, 2024 and August 31, 2023 consisted of the following:

(in thousands)	Issuance Date	Contractual Maturity Date	February 29, 2024		August 31, 2023
2022 Credit Agreement
2022 Term Facility	3/1/2022	3/1/2025	$	250,000	$	375,000
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			(10,512)		(12,300)
Total Long-term debt			$	1,489,488	$	1,612,700

Schedule of annual maturities of debt obligations

As of February 29, 2024, annual maturities on our total debt obligations, based on contractual maturity date, were as follows:

(in thousands)	Maturities
Years Ended August 31,
2024 (remaining six months)	$	—
2025	250,000
2026	—
2027	750,000
2028	—
Thereafter	500,000
Total	$	1,500,000

Schedule of interest expense

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

	Three Months Ended				Six Months Ended
	February 29,		February 28,		February 29,		February 28,
(in thousands)	2024		2023		2024		2023
Interest expense on outstanding debt(1)	$	16,589	$	16,728	$	33,318	$	33,256

(1)    Interest expense on our outstanding debt includes the related amortization of debt issuance costs and debt discounts, net of the effects of the 2022 Swap Agreement.