Quarterly report pursuant to Section 13 or 15(d)

Leases Leases

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Leases Leases
 9 Months Ended
May 31, 2024
Leases [Abstract]  
Lessee, Operating Leases [Text Block]
Note 14. Leases
The Company has operating leases for real estate, vehicles, manufacturing equipment, IT equipment and office equipment (the Company does not have any significant financing leases). Our leases typically range in term from 3 to 15 years and may contain renewal options for periods up to 5 years at our discretion. Operating leases are recorded as operating lease ROU assets in “Other long-term assets” and operating lease liabilities in “Other current liabilities” and “Other long-term liabilities” of the Condensed Consolidated Balance Sheets. There have been no material changes to our operating lease ROU assets and operating lease liabilities during the nine months ended May 31, 2024.
The components of lease expense were as follows (in thousands):
Three Months Ended May 31, Nine Months Ended May 31,
2024 2023 2024 2023
Lease Cost:
Operating lease cost $ 3,193  $ 3,324  $ 9,379  $ 9,943 
Short-term lease cost 452  612  1,561  1,696 
Variable lease cost 582  836  2,233  3,059 
Supplemental cash flow and other information related to leases were as follows (in thousands):
Nine Months Ended May 31,
2024 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 9,086  $ 9,845 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases 2,940  1,418