Leases (Tables)

12 Months Ended

Aug. 31, 2024

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)	2024			2023
Operating lease cost (cost resulting from lease payments)	$	4,386		$	4,114
Variable lease cost (cost excluded from lease payments)		567			536
Total lease cost	$	4,953		$	4,650
Operating cash outflows from operating leases	$	4,593		$	4,205
Weighted average lease term - operating leases	7.4 years			8.3 years
Weighted average discount rate - operating leases		3.7	%		3.5	%

Supplemental Balance Sheet Information Related to Operating Leases

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

		August 31,
($ in thousands)	Classification	2024		2023
Operating lease ROU assets	Operating lease right-of-use assets	$	15,693	$	17,036
Operating lease short-term liabilities	Other current liabilities		3,623		3,028
Operating lease long-term liabilities	Operating lease liabilities		15,541		17,689
Total lease liabilities		$	19,164	$	20,717

Schedule of Minimum Lease Payments Under Operating Leases

The minimum lease payments under operating leases expiring subsequent to August 31, 2024 are as follows:

Fiscal year ending	$ in thousands
2025	$	4,486
2026		3,640
2027		2,841
2028		2,028
2029		1,704
Thereafter		7,710
Total lease payments		22,409
Less: interest		3,245
Present value of lease liabilities	$	19,164