Leases Leases

3 Months Ended

Nov. 30, 2024

Leases [Abstract]

Lessee, Operating Leases [Text Block]

Note 14. Leases

The Company has operating leases for real estate, vehicles, manufacturing equipment, IT equipment and office equipment (the Company does not have any significant financing leases). Our leases typically range in term from 3 to 15 years and may contain renewal options for periods up to 5 years at our discretion. Operating leases are recorded as operating lease ROU assets in “Other long-term assets” and operating lease liabilities in “Other current liabilities” and “Other long-term liabilities” of the Condensed Consolidated Balance Sheets. There have been no material changes to our operating lease ROU assets and operating lease liabilities during the three months ended November 30, 2024.

The components of lease expense were as follows (in thousands):

	Three Months Ended November 30,
	2024		2023
Lease Cost:
Operating lease cost	$	3,100	$	2,976
Short-term lease cost	471		585
Variable lease cost	919		919

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

	Three Months Ended November 30,
	2024		2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,929	$	2,956
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases	1,053		611