Debt (Tables)

6 Months Ended

Feb. 28, 2023

Debt Disclosure [Abstract]

Schedule of debt obligations

Our total debt obligations as of February 28, 2023 and August 31, 2022 consisted of the following:

(in thousands)	Issuance Date	Contractual Maturity Date	February 28, 2023		August 31, 2022
2022 Credit Agreement
2022 Term Facility	3/1/2022	3/1/2025	500,000		750,000
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		250,000
Senior Notes
2027 Notes	3/1/2022	3/1/2027	500,000		500,000
2032 Notes	3/1/2022	3/1/2032	500,000		500,000
Total unamortized discounts and debt issuance costs			(14,391)		(17,576)
Total Long-term debt			$	1,735,609	$	1,982,424

Schedule of annual maturities of debt obligations

As of February 28, 2023, annual maturities on our total debt obligations, based on contract maturity, were as follows:

(in thousands)	Maturities
Fiscal Years Ended August 31,
2023 (remaining six months)	$	—
2024	—
2025	500,000
2026	—
2027	750,000
Thereafter	500,000
Total	$	1,750,000

Schedule of interest expense

The following table presents the interest expense on our outstanding debt which is included in Interest expense, net in our Consolidated Statements of Income:

	Three Months Ended				Six Months Ended
	February 28,				February 28,
(in thousands)	2023		2022		2023		2022
Interest expense on outstanding debt(1)	$	16,728	$	1,908	$	33,256	$	3,826

(1)    Interest expense on our outstanding debt includes the related amortization of debt issuance costs and debt discounts, net of the effects of the related interest rate swap agreements.