Leases

3 Months Ended

Nov. 30, 2024

Leases [Abstract]

Leases

Note 3. Leases

The Company has operating and finance leases for its corporate office, restaurant locations, office equipment, kitchen equipment and automobiles. The Company’s finance leases are immaterial. The Company’s leases have remaining lease terms of less than 1 year to 30 years, some of which include options to extend the leases.

Lease related costs recognized in the statements of operations and comprehensive income (loss) are as follows:

		Three Months Ended November 30,
		2024		2023
		(amounts in thousands)
Operating lease cost	Classification
Operating lease cost	Occupancy and related expenses, other costs and general and administrative expenses	$	3,804	$	3,061
Variable lease cost	Occupancy and related expenses, and general and administrative expenses		991		851
Total operating lease cost		$	4,795	$	3,912

Supplemental disclosures of cash flow information related to leases are as follows:

	Three Months Ended November 30,
	2024		2023
	(amounts in thousands)
Operating cash flows paid for operating lease liabilities	$	3,166	$	2,425
Operating right-of-use assets obtained in exchange for new operating lease liabilities	$	11,016	$	4,990

As of November 30, 2024, the Company had an additional $43.7 million of operating leases related to restaurants for which the Company had not yet taken possession.