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Retirement Plans (Tables)
12 Months Ended
Aug. 31, 2019
Compensation And Retirement Disclosure [Abstract]  
Schedule of Amounts Recognized in Balance Sheet

 

 

 

August 31,

 

($ in thousands)

 

2019

 

 

2018

 

Change in benefit obligation:

 

 

 

 

 

 

 

 

Benefit obligation at beginning of year

 

$

6,404

 

 

$

6,825

 

Interest cost

 

 

246

 

 

 

243

 

Actuarial (gain) loss

 

 

439

 

 

 

(134

)

Benefits paid

 

 

(530

)

 

 

(530

)

Benefit obligation at end of year

 

$

6,559

 

 

$

6,404

 

 

Schedule of Amounts Recognized in Statement of Financial Position

 

 

 

August 31,

 

($ in thousands)

 

2019

 

 

2018

 

Other current liabilities

 

$

530

 

 

$

530

 

Pension benefit liabilities

 

 

6,029

 

 

 

5,874

 

Net amount recognized

 

$

6,559

 

 

$

6,404

 

 

Schedule of Before-tax Amounts Recognized in Accumulated other Comprehensive Loss

 

 

 

August 31,

 

($ in thousands)

 

2019

 

 

2018

 

Net actuarial loss

 

$

(3,801

)

 

$

(3,561

)

 

Schedules of Net Periodic Benefit Costs

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2019

 

 

2018

 

 

2017

 

Interest cost

 

$

246

 

 

$

243

 

 

$

236

 

Net amortization and deferral

 

 

199

 

 

 

206

 

 

 

241

 

Total

 

$

445

 

 

$

449

 

 

$

477

 

 

Schedule of Expected Benefit Payments

 

Fiscal years

 

$ in thousands

 

2020

 

$

519

 

2021

 

 

512

 

2022

 

 

503

 

2023

 

 

494

 

2024

 

 

485

 

Thereafter

 

 

4,046

 

 

 

$

6,559