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Notes Payable, Long-Term Debt and Capital Lease Obligations (Tables) | 12 Months Ended
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Aug. 31, 2017
Notes Payable, Long-Term Debt and Capital Lease Obligations [Abstract] |
Notes Payable, Long-Term Debt and Capital Lease Obligations Outstanding |
| Notes payable, long-term debt and capital lease obligations outstanding as of August 31, 2017 and 2016 are
summarized below (in thousands):
|  |  |  | Maturity |  | August 31, |  | August 31, |
|  |  |  | Date |  | 2017 |  | 2016 |
| 8.250% Senior Notes(1)(2)(3) | March 15, 2018 |  | $ | 399,506 |  | $ | 398,552 |
| 5.625% Senior Notes(1)(2) | Dec. 15, 2020 |  |  | 397,104 |  |  | 396,212 |
| 4.700% Senior Notes(1)(2) | Sept. 15, 2022 |  |  | 496,696 |  |  | 496,041 |
| 4.900% Senior Notes(1)(4) | July 14, 2023 |  |  | 298,571 |  |  | 298,329 |
| Borrowings under credit facilities(5) | July 6, 2020 |  |  | ― |  |  | ― |
| Borrowings under loans(6) | July 6, 2020 |  |  | 458,395 |  |  | 502,210 |
| Capital lease obligations |  |  |  | 27,818 |  |  | 28,478 |
| Total notes payable, long-term debt and capital lease obligations |  |  |  | 2,078,090 |  |  | 2,119,822 |
| Less current installments of notes payable, long-term debt and |  |  |  |  |  |  |  |
|  | capital lease obligations |  |  |  | 445,498 |  |  | 45,810 |
| Notes payable, long-term debt and capital lease obligations, less |  |  |  |  |  |  |  |
|  | current installments |  |  | $ | 1,632,592 |  | $ | 2,074,012 |
(1) The notes are carried at the principal amount of each note, less any unamortized discount and unamortized debt issuance costs. (2) The S enior Notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations. (3) The interest rate payable on the 8.250% Senior Notes is subject to adjustment from time to time if the credit ratings assigned to the 8.250% Senior Notes increase or decrease. (4) On May 19, 2016, the Company ent ered into a note purchase agreement with certain third parties, which closed on July 14, 2016, for a private placement of $300.0 million of senior unsecured notes (the “4.900% Senior Notes”). The proceeds from the sale of the notes were used to repay debt maturities. (5) On July 6, 2015, the Company entered into an amended and restated senior unsecured five-year credit agreement. The credit agreement provides for: (i) the Revolving Credit Facility in the initial amount of $1.5 billion, which may, subject to the lenders’ discretion, potentially be increased up to $2.0 billion and (ii) a $500.0 million five-year delayed draw Term Loan Facility, (collectively the “Credit Facility”). The Credit Facility expire s on July 6, 2020. The Revolving Credit Facility is subject to two whole or partial one-year extensions, at the lender’s discretion. As of August 31, 2017, the interest rate s on the Revolving Credit Facility ranged from 2.4% to 4.4% and the Term Loan Facility was 2.6%. Inte rest is charged at a rate equal to (a) for the Revolving Credit Facility, either 0.000% to 0.650% above the base rate or 1.000% to 1.650% above the Eurocurrency rate and (b) for the Term Loan Facility, either 0.125% to 1.000% above the base rate or 1.125% to 2.000% above the Eurocurrency rate. T he base rate represents the greatest of: (i) Citibank, N.A.’s base rate, (ii) 0.50% above the federal funds rate, and (iii) 1.0% above one-month LIBOR, but not less than zero. T he Eurocurrency rate represents adjusted LIBOR or adjusted CDOR, as applicable, for the applicable interest period, but not less than zero. As of August 31, 2017, the Company’s foreign subsidiaries had various additional credit facilities that finance their future growth and any corre sponding working capital needs. The foreign subsidiary credit facilities incur interest at fixed and variable rates ranging from 1.2% to 3.5% As of August 31, 2017, the Company has $1.9 billion in available unu sed borrowing capacity under its revolving credit facilities. (6) In addition to the Term L oan Facility described above, as of August 31, 2017, the Company has borrowings outstanding to fund working capital needs. These additional loans were approximately $2.1 million and have interest rate s ranging from 0.0% to 10.0%.
Debt Maturities | Debt maturities as of August 31, 2017 are as follows (in thousands):
|  | Fiscal Year Ended August 31, |  | Amount |
|  | 2018 |  | $ | 445,498 |
|  | 2019 |  |  | 51,538 |
|  | 2020 |  |  | 364,151 |
|  | 2021 |  |  | 398,877 |
|  | 2022 |  |  | 1,993 |
|  | Thereafter |  |  | 816,033 |
|  |  | Total |  | $ | 2,078,090 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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