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Commitments and Contingencies (Tables)
6 Months Ended
Feb. 29, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Changes to Environmental Liabilities The changes to the Company’s environmental liabilities for the twenty-six weeks ended February 29, 2020 were as follows (in thousands):

 

 

February 29, 2020

 

Beginning balance as of August 31, 2019

 

$

27,718

 

Revisions in estimates

 

 

1,200

 

Costs incurred for which reserves have been provided

 

 

(627

)

Insurance proceeds

 

 

62

 

Interest accretion

 

 

269

 

Changes in discount rates

 

 

781

 

Balance as of February 29, 2020

 

$

29,403

 

 

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 February 29, 2020, for the next five fiscal years and thereafter, as measured in current dollars, are reflected below.

 

(In thousands)

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

Thereafter

 

 

Total

 

Estimated costs – current dollars

 

$

10,518

 

 

$

2,186

 

 

$

1,353

 

 

$

1,091

 

 

$

1,058

 

 

$

12,032

 

 

$

28,238

 

Estimated insurance proceeds

 

 

(97

)

 

 

(173

)

 

 

(159

)

 

 

(173

)

 

 

(159

)

 

 

(693

)

 

 

(1,454

)

Net anticipated costs

 

$

10,421

 

 

$

2,013

 

 

$

1,194

 

 

$

918

 

 

$

899

 

 

$

11,339

 

 

$

26,784

 

Effect of inflation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7,522

 

Effect of discounting

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(4,903

)

Balance as of February 29, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

29,403