Leases (Tables)

12 Months Ended

Aug. 31, 2018

Components of Net Investment in Direct Financing Leases

Components of net investment in direct financing leases are as follows at August 31:



	2018			2017
Minimum lease payments receivable	$	17,068		$	18,156
Less unearned income	(5,217		)	(5,932		)
Net investment in direct financing leases	11,851			12,224
Less amount due within one year	(460		)	(371		)
Amount due after one year	$	11,391		$	11,853

Schedule Of Future Minimum Rental Payments Receivable

Future minimum rental payments receivable as of August 31, 2018, are as follows:



	Operating		Direct Financing
Years ended August 31:
2019	$	7,124	$	1,156
2020	7,544		1,269
2021	7,787		1,365
2022	7,804		1,362
2023	7,884		1,362
Thereafter	60,331		10,554
	$	98,474	$	17,068
Less unearned income			$	(5,217	)
			$	11,851

Schedule Of Future Minimum Rental Payments

Future minimum lease payments on operating and capital leases as of August 31, 2018, are as follows:



	Operating		Capital
Years ended August 31:
2019	$	8,198	$	3,489
2020	8,173		3,194
2021	7,536		3,109
2022	6,393		2,597
2023	6,437		2,415
Thereafter	44,017		4,541
Total minimum lease payments ⁽¹⁾	$	80,754	19,345
Less amount representing interest averaging 5.4%			(3,888		)
Present value of net minimum lease payments			15,457
Less amount due within one year			(2,454		)
Amount due after one year			$	13,003

_______________

(1)

Minimum payments have not been reduced by future minimum rentals receivable under noncancellable operating and capital subleases of $25.9 million and $1.3 million, respectively. They also do not include contingent rentals which may be due under certain leases. Contingent rentals for capital leases amounted to $0.2 million, $0.3 million and $0.9 million in fiscal years 2018, 2017 and 2016, respectively.

Schedule Of Rent Expense For Operating Leases

Total rent expense for all operating leases consists of the following for the years ended August 31:



	2018			2017			2016
Minimum rentals	$	8,039		$	11,224		$	12,441
Contingent rentals	140			283			284
Total rent expense	8,179			11,507			12,725
Less sublease rentals	(3,464		)	(2,513		)	(2,372		)
Net rent expense	$	4,715		$	8,994		$	10,353