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Lease Commitments (Tables)
12 Months Ended
Aug. 31, 2021
Leases [Abstract]  
Aggregate Minimum Future Amounts Receivable Under All Non-Cancelable Operating Leases and Subleases

Aggregate minimum future amounts receivable under all non-cancelable operating leases and subleases at August 31, 2021, will mature as follows:

 

(In thousands)

 

 

 

 

2022

 

$

25,745

 

2023

 

 

20,687

 

2024

 

 

17,375

 

2025

 

 

11,150

 

2026

 

 

9,258

 

Thereafter

 

 

20,915

 

 

 

$

105,130

 

 

 

 

 

 

Components of Operating Lease Costs

The components of operating lease costs were as follows:

 

 

 

Twelve months ended August 31,

 

(In thousands)

 

2021

 

 

2020

 

Operating lease expense

 

$

13,222

 

 

$

15,256

 

Short-term lease expense

 

 

5,252

 

 

 

8,313

 

Total

 

$

18,474

 

 

$

23,569

 

 

 

 

 

 

 

 

 

 

Aggregate Minimum Future Amounts Payable Under Operating Leases

Aggregate minimum future amounts payable under operating leases having initial or remaining non-cancelable terms at August 31, 2021 will mature as follows:

 

(In thousands)

 

 

 

 

2022

 

$

9,643

 

2023

 

 

8,809

 

2024

 

 

7,518

 

2025

 

 

5,070

 

2026

 

 

3,795

 

Thereafter

 

 

13,450

 

Total lease payments

 

$

48,285

 

Less: Imputed interest

 

 

(5,717

)

Total lease obligations

 

$

42,568

 

 

 

 

 

 

Additional Information Related to Company's Leases

The table below presents additional information related to the Company’s leases:

 

Weighted average remaining lease term

 

 

 

 

Operating leases

 

13.6 years

 

Weighted average discount rate

 

 

 

 

Operating leases

 

 

3.0

%

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases were as follows:

 

(In thousands)

 

Twelve months

ended August 31,

2021

 

Cash paid for amounts included in the measurement of lease liabilities

 

 

 

 

Operating cash flows from operating leases

 

$

12,603

 

ROU assets obtained in exchange for new operating lease liabilities

 

$

1,141

 

ROU assets disposed of for lease terminations

 

$

(12,053

)