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Retirement Plans (Tables)
12 Months Ended
Aug. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Schedule of Amounts Recognized in Balance Sheet

 

 

 

August 31,

 

($ in thousands)

 

2021

 

 

2020

 

Change in benefit obligation:

 

 

 

 

 

 

 

 

Benefit obligation at beginning of year

 

$

6,904

 

 

$

6,559

 

Interest cost

 

 

146

 

 

 

208

 

Actuarial (gain) loss

 

 

(236

)

 

 

667

 

Benefits paid

 

 

(530

)

 

 

(530

)

Benefit obligation at end of year

 

$

6,284

 

 

$

6,904

 

 

Schedule of Amounts Recognized in Statement of Financial Position

 

 

 

August 31,

 

($ in thousands)

 

2021

 

 

2020

 

Other current liabilities

 

$

530

 

 

$

530

 

Other non-current liabilities

 

 

5,754

 

 

 

6,374

 

Net amount recognized

 

$

6,284

 

 

$

6,904

 

 

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

 

 

 

August 31,

 

($ in thousands)

 

2021

 

 

2020

 

Net actuarial loss

 

$

(3,737

)

 

$

(4,242

)

 

Schedules of Net Periodic Benefit Costs

 

 

 

For the years ended August 31,

 

($ in thousands)

 

2021

 

 

2020

 

 

2019

 

Interest cost

 

$

146

 

 

$

208

 

 

$

246

 

Net amortization and deferral

 

 

269

 

 

 

226

 

 

 

199

 

Total

 

$

415

 

 

$

434

 

 

$

445

 

 

 

Schedule of Expected Benefit Payments

 

Fiscal years

 

$ in thousands

 

2022

 

$

520

 

2023

 

 

511

 

2024

 

 

501

 

2025

 

 

490

 

2026

 

 

477

 

Thereafter

 

 

3,785

 

 

 

$

6,284