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INCOME TAX (Reconciliation of Federal Statutory Rate to Effective Tax Rate from Continuing Operations) (Details) - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2021
Aug. 31, 2020
Aug. 31, 2019
Income Tax Contingency [Line Items]      
Income tax expense at statutory rate $ 112,144 $ 77,863 $ 56,377
State and local taxes (3) (3,838) 9,895 6,085
Foreign tax impairment on valuation of subsidiaries (29,866) 5,084 (29,697)
Global intangible low-taxed income 17,263 1,252 1,541
Change in valuation allowance 37,092 968 36,167
Nontaxable foreign interest (14,617) 8 (9,799)
TCJA - Toll charge and related foreign tax credits 0 0 7,410
Other 2,975 (2,594) 1,597
Income tax expense on continuing operations $ 121,153 $ 92,476 $ 69,681
Effective income tax rate from continuing operations 22.70% 24.90% 26.00%