Postretirement and Other Employee Benefits

6 Months Ended

Feb. 28, 2021

Retirement Benefits [Abstract]

Postretirement and Other Employee Benefits

Postretirement and Other Employee Benefits

Net Periodic Benefit Cost

The following table provides information about the net periodic benefit cost for all plans for the three months and six months ended February 28, 2021 and February 29, 2020 (in thousands):

	Three months ended				Six months ended
	February 28, 2021		February 29, 2020		February 28, 2021		February 29, 2020
Service cost (1)	$	6,453	$	6,638	$	12,531	$	11,101
Interest cost (2)	1,176		809		2,297		1,572
Expected long-term return on plan assets (2)	(3,979)		(3,789)		(7,849)		(6,575)
Recognized actuarial (gain) loss (2)	(1,270)		226		(2,513)		449
Amortization of actuarial gain (2)	(1,766)		—		(3,490)		—
Amortization of prior service credit (2)	(13)		(11)		(26)		(22)
Net periodic benefit cost	$	601	$	3,873	$	950	$	6,525

(1)Service cost is recognized in cost of revenue in the Condensed Consolidated Statement of Operations.

(2)Components are recognized in other expense in the Condensed Consolidated Statement of Operations.