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Postretirement and Other Employee Benefits (Tables) | 3 Months Ended
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Nov. 30, 2019
Retirement Benefits [Abstract] |
Information about Net Periodic Benefit Cost for Plans | The following table provides information about the net periodic benefit cost for all plans for the three months ended November 30, 2019 and 2018 (in thousands):
| Three months ended
| November 30, 2019 |  | November 30, 2018
Service cost (1) | $ | 4,463 |  |  | $ | 295 |
Interest cost (2) | 763 |  |  | 885 |
Expected long-term return on plan assets (2) | (2,786 | ) |  | (1,352 | )
Recognized actuarial loss (2) | 223 |  |  | 208 |
Amortization of prior service credit (2) | (11 | ) |  | (12 | )
Net periodic benefit cost | $ | 2,652 |  |  | $ | 24 |
(1) | Service cost is recognized in cost of revenue in the Condensed Consolidated Statement of Operations.
(2) Components are recognized in other expense in the Condensed Consolidated Statement of Operations.
Reconciliation of Change in Benefit Obligations for Plans | The benefit obligations and plan assets, changes to the benefit obligation and plan assets and the funded status of the Switzerland plan as of September 30, 2019 are as follows (in thousands):
| September 30, 2019
Ending projected benefit obligation | $ | (404,297 | )
Ending fair value of plan assets | $ | 345,473 |
Unfunded status | $ | (58,824 | )
Reconciliation of Changes in Pension Plan Assets | The benefit obligations and plan assets, changes to the benefit obligation and plan assets and the funded status of the Switzerland plan as of September 30, 2019 are as follows (in thousands):
| September 30, 2019
Ending projected benefit obligation | $ | (404,297 | )
Ending fair value of plan assets | $ | 345,473 |
Unfunded status | $ | (58,824 | )
Estimated Future Benefit Payments | The Company expects to make cash contributions between $9.5 million and $11.7 million to its Switzerland pension plan during fiscal year 2020. The estimated future benefit payments, which reflect expected future service, are as follows (in thousands):
Fiscal Year Ended August 31, | Amount
2020 | $ | 24,698 |
2021 | 21,698 |
2022 | 20,098 |
2023 | 18,398 |
2024 | 17,298 |
2025 through 2029 | 82,992 |
Information for Plans with Accumulated Benefit Obligation in Excess of Plan Assets | The following table provides information for the Switzerland plan with an accumulated benefit obligation as of September 30, 2019 (in thousands):
| September 30, 2019
Projected benefit obligation | $ | (404,297 | )
Accumulated benefit obligation | $ | (394,427 | )
Fair value of plan assets | $ | 345,473 |

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- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
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