Leases (Tables)

9 Months Ended

May 31, 2020

Leases [Abstract]

Schedule of future minimum commitments

The following table reconciles FactSet’s future undiscounted cash flows related to the Company’s operating leases and the reconciliation to the operating lease liability as of May 31, 2020:

(in thousands)	Minimum Lease Payments
Fiscal Years Ended August 31,
2020 (remaining three months)	$	9,684
2021	41,951
2022	39,546
2023	36,041
2024	34,238
Thereafter	216,710
Total undiscounted lease payments	378,170
Less: imputed interest	72,926
Present value of total lease payments	$	305,244

Schedule of other information related to operating leases

The following table summarizes the Company's lease term and discount rate assumptions related to the operating leases recorded on the Consolidated Balance Sheets as of May 31, 2020:

	As of May 31, 2020
Weighted average remaining lease term (in years)	10.3
Weighted average discount rate (IBR)	4.2%

The following table summarizes supplemental cash flow information related to the Company's operating leases:

(in thousands)	Nine Months Ended May 31, 2020
Cash paid for amounts included in the measurement of operating lease liabilities	$29.9
Operating lease ROU assets obtained in exchange for operating lease liabilities	$48.5