PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Aug. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property and Equipment

Property and equipment consist of the following (in thousands):

	August 31, 2023		August 31, 2022
Land	$	238,374	$	224,278
Building and improvements	650,060		592,749
Fixtures and equipment	385,100		343,859
Construction in progress	99,545		42,602
Total property and equipment, historical cost	1,373,079		1,203,488
Less: accumulated depreciation	(522,751)		(446,247)
Property and equipment, net	$	850,328	$	757,241

A summary of asset disposal activity for fiscal years 2023, 2022 and 2021 is as follows (in thousands):

	Historical Cost		Accumulated Depreciation		Proceeds from disposal		Loss recognized
Fiscal Year 2023	$	11,484	$	10,379	$	361	$	(744)
Fiscal Year 2022	$	12,785	$	11,327	$	193	$	(1,265)
Fiscal Year 2021	$	10,946	$	9,534	$	385	$	(1,027)

Summary of Depreciation and Amortization Expense

Depreciation and amortization expense (in thousands):

	Years Ended August 31,
	2023		2022		2021
Depreciation expense, Property and equipment	$	71,933	$	66,255	$	62,579
Amortization expense, Intangible assets	765		1,613		2,404
Total depreciation and amortization expense	$	72,698	$	67,868	$	64,983

Summary of Total Interest Capitalized

Total interest capitalized (in thousands):

	Balance as of
	August 31, 2023		August 31, 2022
Total interest capitalized	$	15,426	$	12,934

Total interest capitalized (in thousands):

	Years Ended August 31,
	2023		2022		2021
Interest capitalized	$	2,083	$	1,263	$	2,282