Leases (Tables)

12 Months Ended

Aug. 31, 2022

Leases [Abstract]

Schedule of Lease Cost and Other Information Related to Company's Operating Leases

Lease cost and other information related to the Company’s operating leases are as follows:

	August 31,
($ in thousands)	2022			2021
Operating lease cost (cost resulting from lease payments)	$	5,573		$	5,441
Variable lease cost (cost excluded from lease payments)		552			508
Total lease cost	$	6,125		$	5,949
Operating cash outflows from operating leases	$	5,198		$	4,805
Weighted average lease term - operating leases	9.0 years			9.7 years
Weighted average discount rate - operating leases		3.3	%		3.3	%

Supplemental Balance Sheet Information Related to Operating Leases

Supplemental balance sheet information related to operating leases are as follows:

		August 31,
($ in thousands)	Classification	2022		2021
Operating lease ROU assets	Operating lease right-of-use assets	$	19,181	$	18,281
Operating lease short-term liabilities	Other current liabilities		3,159		3,991
Operating lease long-term liabilities	Operating lease liabilities		19,810		18,301
Total lease liabilities		$	22,969	$	22,292

Schedule of Minimum Lease Payments Under Operating Leases

The minimum lease payments under operating leases expiring subsequent to August 31, 2022 are as follows:

Fiscal year ending	$ in thousands
2023	$	3,808
2024		3,275
2025		3,136
2026		2,967
2027		2,590
Thereafter		11,202
Total lease payments		26,978
Less: interest		4,009
Present value of lease liabilities	$	22,969