Leases (Tables)

12 Months Ended

Aug. 31, 2020

Leases [Abstract]

Summary of Lease Related Costs

Lease related costs recognized in the statements of operations for the twelve months ended August 31, 2020 are as follows:

		Fiscal Year Ended
		August 31, 2020
		(amounts in thousands)
Finance lease cost	Classification
Amortization of right-of-use assets	Depreciation and amortization expense	$	552
Interest on lease liabilities	Interest expense		120
Total finance lease cost		$	672
		Fiscal Year Ended
		August 31, 2020
		(amounts in thousands)
Operating lease cost	Classification
Operating lease cost	Occupancy and related expenses, other costs and general and administrative expenses	$	5,194
Variable lease cost	Occupancy and related expenses, and general and administrative expenses		1,059
Total operating lease cost		$	6,253

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases was as follows:

Operating Leases

	As of August 31, 2020
	(amounts in thousands)
Right-of-use assets	$	56,119
Lease liabilities - current	$	5,106
Lease liabilities - non-current		56,918
Total lease liabilities	$	62,024

Finance Lease Assets, net

	As of August 31, 2020
	(amounts in thousands)
Property and equipment	$	6,117
Accumulated depreciation		(2,178	)
Total property and equipment - net	$	3,939

Finance Leases Liabilities

	As of August 31, 2020
	(amounts in thousands)
Finance lease - current	$	1,004
Finance lease - non-current		1,481
Total finance lease liabilities	$	2,485

	As of August 31, 2020
Weighted Average Remaining Lease Term (Years)
Operating leases		16.3
Finance leases		2.4
Weighted Average Discount Rate
Operating leases		6.2	%
Finance leases		4.4	%

Summary of Supplemental Disclosures of Cash Flow Information Related to Leases

Supplemental disclosures of cash flow information related to leases were as follows:

	Fiscal Year Ended
	August 31, 2020
	(amounts in thousands)
Operating cash flows paid for operating lease liabilities	$	4,570
Operating right-of-use assets obtained in exchange    for new operating lease liabilities	$	21,203

Summary of Maturities of Lease Liabilities

Maturities of lease liabilities were as follows as of August 31, 2020:

	Operating Leases			Finance Leases
	(amounts in thousands)
2021	$	2,313		$	1,102
2022		5,734			1,005
2023		5,722			483
2024		5,848			17
2025		5,981			2
Thereafter		72,913			—
Total lease payments		98,511			2,609
Less: imputed interest		(36,487	)		(124	)
Present value of lease liabilities	$	62,024		$	2,485

Summary of Future Minimum Lease Payments for Operating Lease and Capital Leases

As previously disclosed in the Company’s fiscal year 2019 Annual Report on Form 10-K and under the previous lease accounting, maturities of lease liabilities were as follows as of August 31, 2019:

	Operating Lease Payments		Capital Lease Payments
	(amounts in thousands)
2020	$	4,256	$	1,113
2021		4,435		1,075
2022		4,477		972
2023		4,465		476
2024		4,607		13
Thereafter		58,714		—
Total	$	80,954	$	3,649
Less interest				(231	)
Total capital lease obligation				3,418
Less current portion of capital lease    obligation				(994	)
Non-current portion of capital lease    obligation			$	2,424