Leases (Tables)

12 Months Ended

Aug. 31, 2023

Leases [Abstract]

Schedule of Finance Lease Assets and Liabilities

Finance lease assets and liabilities consisted of the following as of August 31 (in thousands):

	Balance Sheet Classification	2023		2022
Assets:
Finance lease right-of-use assets(1)	Property, plant and equipment, net	$	6,340	$	4,861
Liabilities:
Finance lease liabilities - current	Short-term borrowings	$	2,227	$	1,736
Finance lease liabilities - noncurrent	Long-term debt, net of current maturities		4,973		4,158
Total finance lease liabilities		$	7,200	$	5,894

Presented net of accumulated amortization of $6 million and $4 million as of August 31, 2023 and 2022, respectivel

Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

The weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of August 31:

	2023					2022
	Weighted Average Remaining Lease Term (Years)		Weighted Average Discount Rate			Weighted Average Remaining Lease Term (Years)		Weighted Average Discount Rate
Operating leases		9.2		3.73	%		9.5		3.36	%
Finance leases		4.3		6.10	%		4.5		7.17	%

Schedule of Maturities of Leases Liabilities

Maturities of lease liabilities by fiscal year as of August 31, 2023 were as follows (in thousands):

Year Ending August 31,	Finance Leases			Operating Leases
2024	$	2,558		$	23,768
2025		1,746			19,391
2026		1,262			15,503
2027		1,103			13,546
2028		939			10,901
Thereafter		445			55,434
Total lease payments		8,053			138,543
Less amounts representing interest		(853	)		(22,622	)
Total lease liabilities		7,200			115,921
Less current maturities		(2,227	)		(19,835	)
Lease liabilities, net of current maturities	$	4,973		$	96,086

Summary of Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to leases are as follows (in thousands):

	Year Ended August 31,
	2023		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	25,414	$	25,351	$	24,154
Operating cash flows for finance leases	$	393	$	403	$	498
Financing cash flows for finance leases	$	2,049	$	1,483	$	1,332
Lease liabilities arising from obtaining right-of-use assets(1):
Operating leases	$	15,279	$	12,000	$	8,325
Finance leases	$	3,596	$	534	$	445

(1)Amounts include new leases and adjustments to lease balances as a result of remeasurement.