LEASES (Tables)

12 Months Ended

Aug. 31, 2023

Leases [Abstract]

Summary of Components of Total Lease Costs

The following table is a summary of the Company’s components of total lease costs for fiscal year 2023 and 2022 (in thousands):

	Years Ended August 31,
	2023		2022
Operating lease cost	$	15,753	$	15,632
Short-term lease cost	162		49
Variable lease cost	5,034		4,376
Sublease income	(91)		(180)
Total lease costs	$	20,858	$	19,877

The weighted average remaining lease term and weighted average discount rate for operating leases as of August 31, 2023 and August 31, 2022 were as follows:

	Years Ended August 31,
	2023		2022
Weighted average remaining lease term in years	17.8		18.3
Weighted average discount rate percentage	6.8	%	6.7	%

Supplemental Cash Flow Information Related To Leases

Supplemental cash flow information related to leases under which the Company is the lessee was as follows (amounts in thousands):

	Years Ended August 31,
	2023		2022
Operating cash flows paid for operating leases	$	15,753	$	14,885

Schedule of Future Minimum Lease Commitments

The present value of estimated future minimum lease commitments for this lease are as follows (in thousands):

Years Ended August 31,	Amount
2024	$	—
2025	276
2026	1,604
2027	1,558
2028	1,513
Thereafter	20,013
Total future lease payments	$	24,964

The Company is committed under non-cancelable operating leases for the rental of facilities and land. Future minimum lease commitments for facilities under these leases with an initial term in excess of one year are as follows (in thousands):

Years Ended August 31,	Leased Locations
2024	$	15,502
2025	15,244
2026	13,711
2027	11,520
2028	11,028
Thereafter	166,398
Total future lease payments	233,403
Less imputed interest	(103,587)
Total operating lease liabilities	$	129,816