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Commitments and Contingencies (Tables)
12 Months Ended
Aug. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating Lease Cost and Information Related to Operating Lease Right-of-use Assets, Net and Operating Lease Liabilities

The following table presents the operating lease cost and information related to the operating lease right-of-use assets, net and operating lease liabilities for fiscal 2024, 2023 and 2022:

 

(In thousands, except lease term and discount rate)

 

2024

 

2023

 

2022

 

Lease cost:

 

 

 

 

 

 

 

Operating lease costs including short-term lease expense and variable lease costs, which were immaterial in the period

 

$

25,866

 

$

22,303

 

$

20,284

 

 

 

 

 

 

 

 

Operating cash flow impacts:

 

 

 

 

 

 

 

Cash paid for amounts included in the measurement of operating lease liabilities

 

$

20,083

 

$

16,710

 

$

15,123

 

Operating lease right-of-use assets obtained in exchange for new operating lease liabilities

 

$

19,511

 

$

23,076

 

$

21,391

 

Operating lease right-of-use assets acquired in business combination

 

$

 

$

4,167

 

$

 

Weighted average remaining lease term - operating leases

 

4.7

 

4.48

 

4.66

 

Weighted average discount rate - operating leases

 

 

4.74

%

 

3.55

%

 

2.24

%

Schedule of Contractual Future Minimum Lease Payments of Operating Lease Liabilities

The contractual future minimum lease payments of the Company's operating lease liabilities by fiscal year as of August 31, 2024 are as follows (in thousands):

2025

 

$

20,557

 

2026

 

 

17,307

 

2027

 

 

13,444

 

2028

 

 

9,787

 

2029

 

 

6,373

 

Thereafter

 

 

8,365

 

   Total payments

 

 

75,833

 

Less interest

 

 

7,024

 

   Total present value of lease payments

 

$

68,809

 

Schedule of Changes to Environmental Liabilities

The changes to the Company’s environmental liabilities for fiscal 2024 and 2023 are as follows (in thousands):

 

Year ended

 

August 31,
2024

 

 

August 26,
2023

 

Beginning balance

 

$

30,029

 

 

$

32,191

 

Costs incurred for which reserves have been provided

 

 

(3,176

)

 

 

(1,936

)

Insurance proceeds

 

 

238

 

 

 

147

 

Interest accretion

 

 

1,264

 

 

 

1,036

 

Changes in discount rates

 

 

244

 

 

 

(2,446

)

Revisions in estimates

 

 

2,656

 

 

 

1,037

 

Ending balance

 

$

31,255

 

 

$

30,029

 

Schedule of Anticipated Payments and Insurance Proceeds of Currently Identified Environmental Remediation Liabilities

Anticipated payments and insurance proceeds of currently identified environmental remediation liabilities as of August 31, 2024, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below (in thousands):

Fiscal year ended August

 

2025

 

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

Thereafter

 

 

Total

 

Estimated costs—current dollars

 

$

14,425

 

 

$

2,836

 

 

$

1,527

 

 

$

1,280

 

 

$

997

 

 

$

15,047

 

 

$

36,112

 

Estimated insurance proceeds

 

 

(180

)

 

 

(195

)

 

 

(159

)

 

 

(173

)

 

 

(9

)

 

 

(230

)

 

 

(946

)

Net anticipated costs

 

$

14,245

 

 

$

2,641

 

 

$

1,368

 

 

$

1,107

 

 

$

988

 

 

$

14,817

 

 

$

35,166

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,501

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(13,412

)

Balance as of August 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

31,255