Leases, Codification Topic 840 (Tables)

12 Months Ended

Aug. 31, 2020

Leases [Abstract]

Lease, Cost

The components of lease expense for the year ended August 31, 2020 were as follows (in thousands):

	Year Ended August 31, 2020
Lease Cost:
Operating lease cost	$	15,713
Short-term lease cost	1,508
Variable lease cost	2,244

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow and other information related to leases were as follows (in thousands):

	Year Ended August 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15,768
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	5,727

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases were as follows (in thousands):

	August 31, 2020
Operating leases:
Other long-term assets	$	48,733
Other current liabilities	11,870
Other long-term liabilities	38,079
Total operating lease liabilities	$	49,949
Weighted Average Remaining Lease Term (in years):
Operating leases	7.6 years
Weighted Average Discount Rate:
Operating leases	4.4		%

Lessee, Operating Lease, Liability, Maturity

A summary of the future minimum lease payments due under operating leases with terms of more than one year at August 31, 2020 is as follows (in thousands):

	Operating Leases
2021	$	13,640
2022	9,798
2023	7,671
2024	6,161
2025	4,650
Thereafter	17,290
Total minimum lease payments	59,210
Less imputed interest	(9,261)
Present value of net minimum lease payments	$	49,949

As of August 31, 2020, we have an additional operating lease of $1.6 million, for real estate, that has not yet commenced and therefore is not reflected on the consolidated balance sheet nor in the tables above. This operating lease commences in the year ending August 31, 2021 with a lease term of 5 years.

A summary of the future minimum lease payments due under operating leases with terms of more than one year at August 31, 2019 is as follows (in thousands):

	Operating Leases
2020	$	15,792
2021	12,266
2022	10,111
2023	6,865
2024	5,177
Thereafter	21,620
Present value of net minimum lease payments	$	71,831