Leases (Tables)

12 Months Ended

Aug. 31, 2022

Leases [Abstract]

Schedule of Finance Lease Assets and Liabilities

Finance lease assets and liabilities consisted of the following as of August 31 (in thousands):

	Balance Sheet Classification	2022		2021
Assets:
Finance lease right-of-use assets(1)	Property, plant and equipment, net	$	4,861	$	5,422
Liabilities:
Finance lease liabilities - current	Short-term borrowings	$	1,736	$	1,464
Finance lease liabilities - noncurrent	Long-term debt, net of current maturities		4,158		5,127
Total finance lease liabilities		$	5,894	$	6,591

Presented net of accumulated amortization of $4 million and $2 million as of August 31, 2022 and 2021, respectivel

Schedule of Weighted Average Remaining Lease Terms and Weighted Average Discount Rates

The weighted average remaining lease terms and weighted average discount rates for the Company’s leases as of August 31:

	2022					2021
	Weighted Average Remaining Lease Term (Years)		Weighted Average Discount Rate			Weighted Average Remaining Lease Term (Years)		Weighted Average Discount Rate
Operating leases		9.5		3.36	%		9.7		3.37	%
Finance leases		4.5		7.17	%		5.2		7.78	%

Schedule of Maturities of Leases Liabilities

Maturities of lease liabilities by fiscal year as of August 31, 2022 were as follows (in thousands):

Year Ending August 31,	Finance Leases			Operating Leases
2023	$	1,991		$	25,012
2024		1,715			20,810
2025		920			15,913
2026		700			12,754
2027		615			11,307
Thereafter		735			59,999
Total lease payments		6,676			145,795
Less amounts representing interest		(782	)		(22,484	)
Total lease liabilities		5,894			123,311
Less current maturities		(1,736	)		(21,660	)
Lease liabilities, net of current maturities	$	4,158		$	101,651

Summary of Supplemental Cash Flow Information and Non-Cash Activity Related to Leases

Supplemental cash flow information and non-cash activity related to leases are as follows (in thousands):

	Year Ended August 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	25,351	$	24,154	$	22,225
Operating cash flows for finance leases	$	403	$	498	$	628
Financing cash flows for finance leases	$	1,483	$	1,332	$	1,336
Lease liabilities arising from obtaining right-of-use assets(1):
Operating leases	$	12,000	$	8,325	$	34,586
Finance leases	$	534	$	445	$	1,230

(1)Amounts include new leases and adjustments to lease balances as a result of remeasurement.