Quarterly report pursuant to Section 13 or 15(d)

Leases Leases

v3.22.1
Leases Leases
 6 Months Ended
Feb. 28, 2022
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 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 six months ended February 28, 2022.
The components of lease expense were as follows (in thousands):
Three Months Ended February 28, Six Months Ended February 28,
2022 2021 2022 2021
Lease Cost:
Operating lease cost $ 3,698  $ 3,766  $ 7,423  $ 7,471 
Short-term lease cost 399  397  849  810 
Variable lease cost 1,110  865  2,014  1,747 
Supplemental cash flow and other information related to leases were as follows (in thousands):
Six Months Ended February 28,
2022 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases $ 7,190  $ 7,486 
Right-of-use assets obtained in exchange for new lease liabilities:
Operating leases 3,598  1,360