Annual report pursuant to Section 13 and 15(d)

Leases, Codification Topic 840 (Tables)

v3.23.3
Leases, Codification Topic 840 (Tables)
 12 Months Ended
Aug. 31, 2023
Leases [Abstract]  
Lease, Cost
The components of lease expense for the year ended August 31, 2023 and 2022 were as follows (in thousands):
Year Ended August 31,
2023 2022 2021
Lease Cost:
Operating lease cost $ 13,155  $ 14,316  $ 15,170 
Short-term lease cost 2,318  1,714  1,611 
Variable lease cost 4,411  3,609  3,086 
Supplemental Cash Flow Information Related to Leases
Supplemental cash flow and other information related to leases for the year ended August 31, 2023 and 2022 were as follows (in thousands):
Year Ended August 31,
2023 2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 13,153  $ 14,166  $ 15,240 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases 1,654  4,584  9,197 
Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases at August 31, 2023 and 2022 were as follows (in thousands):
August 31,
2023 2022
Operating leases:
Other long-term assets $ 37,714  $ 43,273 
Other current liabilities 9,786  10,709 
Other long-term liabilities 29,245  33,477 
Total operating lease liabilities $ 39,031  $ 44,186 
Weighted Average Remaining Lease Term:
Operating leases 6.5 years 6.4 years
Weighted Average Discount Rate:
Operating leases 5.0  % 4.4  %
Lessee, Operating Lease, Liability, Maturity
A summary of the future minimum lease payments due under operating leases with terms of more than one year at August 31, 2023 is as follows (in thousands):
Operating Leases
2024 $ 11,368 
2025 9,533 
2026 6,650 
2027 3,687 
2028 3,131 
Thereafter 11,540 
Total minimum lease payments 45,909 
Less imputed interest (6,878)
Present value of net minimum lease payments $ 39,031