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LEASES (Tables)

9 Months Ended

May 31, 2020

Summary of Components of Total Lease Costs


	Three Months Ended		Nine Months Ended
	May 31,		May 31,
	2020		2020
Operating lease cost	$	4,338	$	12,831
Short-term lease cost		64		146
Variable lease cost		856		2,983
Sublease income		(258)		(829)
Total lease costs	$	5,000	$	15,131

Weighted Average Remaining Lease Term and Weighted Average Discount Rate


		Operating leases
Weighted average remaining lease term in years		18.3
Weighted average discount rate percentage		6.4%

Supplemental Cash Flow Information Related To Leases


	Three Months Ended		Nine Months Ended
	May 31,		May 31,
	2020		2020
Operating cash flows paid for operating leases	$	3,653	$	11,306

Schedule of Future Minimum Lease Commitments


	Leased
Years Ended May 31,	Locations⁽¹⁾
2021	$	14,914
2022		14,959
2023		14,762
2024		14,454
2025		13,984
Thereafter		171,840
Total future lease payments		244,913
Less imputed interest		(110,229)
Total operating lease liabilities	$	134,684	⁽²⁾

⁽¹⁾Operating lease obligations have been reduced by approximately $1.2 million to reflect expected sub-lease income. Certain obligations under leasing arrangements are collateralized by the underlying asset being leased.

⁽²⁾Future minimum lease payments include $0.7 million of lease payment obligations for the prior leased Miami distribution center. For purposes of calculating the minimum lease payments, a reduction is reflected for the actual sub-lease income the Company expects to receive during the remaining lease term. This sub-lease income was also considered for the purposes of calculating the exit obligation, which was immaterial as of May 31, 2020.