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Postretirement and Other Employee Benefits | 6 Months Ended
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Feb. 29, 2020
Retirement Benefits [Abstract] |
Postretirement and Other Employee Benefits | Postretirement and Other Employee Benefits Postretirement Benefits Net Periodic Benefit Cost The following table provides information about the net periodic benefit cost for all plans for the three months and six months ended February 29, 2020 and February 28, 2019 (in thousands):
| Three months ended |  | Six months ended
| February 29, 2020 |  | February 28, 2019 |  | February 29, 2020 |  | February 28, 2019
Service cost (1) | $ | 6,638 |  |  | $ | 289 |  |  | $ | 11,101 |  |  | $ | 584 |
Interest cost (2) | 809 |  |  | 870 |  |  | 1,572 |  |  | 1,755 |
Expected long-term return on plan assets (2) | (3,789 | ) |  | (1,330 | ) |  | (6,575 | ) |  | (2,682 | )
Recognized actuarial loss (2) | 226 |  |  | 205 |  |  | 449 |  |  | 413 |
Amortization of prior service credit (2) | (11 | ) |  | (11 | ) |  | (22 | ) |  | (23 | )
Net periodic benefit cost | $ | 3,873 |  |  | $ | 23 |  |  | $ | 6,525 |  |  | $ | 47 |
(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.
Acquired Plan As a result of the third closing of the JJMD acquisition, the Company assumed a pension obligation for employees in Switzerland (the “Switzerland plan”). The Switzerland plan, which is a qualified defined benefit pension plan, provides benefits based on average employee earnings over an approximately 8 years service period preceding retirement and length of employee service. The Company’s policy is to contribute amounts sufficient to meet minimum funding requirements as set forth in Switzerland employee benefit and tax laws plus such additional amounts as are deemed appropriate by the Company. The following tables provide information only related to the Switzerland plan as of the acquisition date, September 30, 2019, and are preliminary estimates. Benefit Obligation and 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 | $ | 330,793 |
Unfunded status | $ | (73,504 | )
Cash Flows 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 |
Accumulated Benefit Obligation 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 | $ | 330,793 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -URI http://asc.fasb.org/topic&trid=2235017 + Details
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