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Leases (Tables)
6 Months Ended
Feb. 29, 2020
Leases [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 the twenty-six weeks ended February 29, 2020:

 

(In thousands, except lease term and discount rate)

 

 

 

 

Lease cost

 

 

 

 

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

 

$

9,136

 

 

 

 

 

 

Operating cash flow impacts

 

 

 

 

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

 

$

6,510

 

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

 

$

4,398

 

Weighted-average remaining lease term - operating leases

 

4.6

 

Weighted-average discount rate - operating leases

 

 

2.86

%

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 are as follows as of February 29, 2020:

(In thousands, except per share data)

 

 

 

 

2020 (remaining six months)

 

$

6,625

 

2021

 

 

12,647

 

2022

 

 

9,399

 

2023

 

 

7,063

 

2024

 

 

4,804

 

Thereafter

 

 

7,010

 

Total payments

 

 

47,548

 

Less interest

 

 

(2,817

)

Total present value of lease payments

 

$

44,731